GoKawiilFujifilm to invest $63 million to quintuple LTO tape production capacity
Fujifilm announced a roughly 10 billion yen ($63 million) investment to increase magnetic tape production capacity fivefold compared to fiscal 2025 levels, with the expansion running from fiscal 2026 through 2028 at its Kanagawa Factory in Odawara. The funds will go toward manufacturing expansion and hiring additional staff, mainly to produce its newest LTO Ultrium10 tape product.