KANEI TE Optical (02276) plans to invest in the construction of an automated garage resin lens production line through its indirect wholly-owned subsidiary in Japan.

The Zhtng Finance APP News was informed that Conard Optical (02276) announced plans to deepen its global strategic layout and enhance its custom lens production capabilities. The company intends to invest in the construction of an automated resin lens production line through its Japanese indirect wholly-owned subsidiary, Asahi Lite Optical Co., Ltd., focusing on the production and sale of high-end custom lenses. The total planned investment for the project is approximately $4 million, funded by internal funds of the group. The production line construction is expected to be completed and put into operation by July 31, 2025.