Shiseido said Wednesday it plans build a new global supply chain management base in Ibaraki, Osaka to replace its existing factory in the western Japanese city and serve as a research and distribution hub.

Shiseido said it is investing 40 billion yen, or $331.63 million, in the project. Construction is set to begin in 2018 and the center is expected to start operations in 2020. It said the new factory will have a production capacity approximately 1.5 times higher than that of its current Osaka factory. Shiseido said the new facility will be its primary factory making skincare products.

Shiseido, which is currently undergoing a major overhaul under the direction of president and ceo Masahiko Uotani, recently announced that it is building a new research base in Yokohama that is set to open in 2018.

Shiseido currently has three factories in Japan and 10 factories in other countries including the United States, France and China.

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This week the Japanese beauty giant lifted its forecasts and its shares rallied. It is due to report full-year numbers Feb. 9.

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