Nissei Plastic Machinery (TaiCang) Co., Ltd. announced that it will receive ¥1 billion in a round of funding from existing investor Nissei Plastic Industrial Co., Ltd. on October 24, 2013. The company will issue equity securities in the transaction. Upon completion of the transaction, the registered capital of the company will increase to ¥1.21 billion.

The transaction is expected to close in October 2013.