Omron's Shanghai plant to boost efficiency in China

Factory to introduce 21 automatic production lines by 2015, 15 of which are for the automobile industry

International industrial group Omron Corp has announced the completion of its new electronic and mechanical components plant in Shanghai, with an investment of $100 million, in Shanghai on Thursday, adding that it will further invest heavily in China - its second-largest overseas market.

Amid a slowdown in foreign direct investment from Japan to China and intentions by a group of Japanese companies to move to other emerging markets in the Asia-Pacific region, Omron's move is seen as a sign of recovery in investment from Japanese businesses.