Monday, June 11, 2012

Japanese companies moving to and expanding in Oregon

The Oregonian reports that the Japanese-owned company Shimadzu plans to expand from 125 to 153 employees. The company cites its appreciation for Oregon's workforce, support industries, and supply of power.

Other Japanese firms have increased their scouting activity for sites in Oregon. There are many reasons for the interest in Oregon and the U.S. The article notes that Japanese electricity costs are high and paired with a supply shortage. Many companies also have tsunami-related supply jitters. In addition, the relatively high yen makes U.S. land and labor less expensive for Japanese firms. 

Tokai Denpun Co., a food product manufacturer, is considering Oregon or Washington for a bean processing plant. Graphite products manufacturer Toyo Tanso Co. may also consider an expansion at its Troutdale facility or in Connecticut.

Check out the full article for more information.

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