ResurRec Japan: photos of the new plant, presses read as new Pheenix AD12s

Four photos of ResurRec's new Japan plant (October 2026) filed in
docs/finance/resurrec-japan/. Revenue model gets a "ResurRec Japan"
section: what the photos show (visitor window, automatic presses in
aluminium cabinets that Alexander identifies as a new red AD12
generation, ceiling services, air-conditioned room, no plating in view),
what it changes (scaling abroad, Japan export wedge narrows, Classic vs
AD12 evidence, collaboration depends on their metal path) and open
questions. Also notes a directory listing naming an M-Tech Allegro II in
Bangkok against the tour's Newbilt Classic.

Mirrors: Pheenix sections in vendor-landscape, exhibitor questions and
supplier map; pressing-line AD12 paragraph; roadmap item 5; visitor
corridor in crane-workshop-tours; README status and layout.

docs/finance/revenue-model.md

@@ -56,7 +56,11 @@ picture more than the invoices do:
   3-column hydraulic, built-in 15 kW extruder, automatic patty and label
   handling, Siemens PLC, 28 s cycle — is from Newbilt's datasheet, not
   from anything observed running. No nameplate was photographed and the
-  age or provenance of either machine is unknown.
+  age or provenance of either machine is unknown. A directory listing
+  ([vinylrecordpress.media](https://vinylrecordpress.media/resource/resurrec-bangkok-vinyl-pressing-plant),
+  posted May 2026, checked October 2026) names an M-Tech Allegro II and
+  Newbilt manual presses instead, so which automatic press runs in Bangkok
+  is unresolved.
 
 Four things follow, and one of them corrects the read in the previous
 section.
@@ -408,7 +412,8 @@ that CNX would not have.
   scheduling, jacket printing, floor space or PVC procurement? It decides
   whether their constraint is one CNX escapes or one CNX shares.
 - What is ResurRec's actual annual output and title count? The
-  collaboration sizing is guesswork without it.
+  collaboration sizing is guesswork without it. Ask the same for the new
+  Japan plant ([ResurRec Japan](#resurrec-japan-october-2026)).
 - What does the Stamper Discs quote say? It, not the Thai resale price,
   is CNX's real avoided cost at launch.
 
@@ -437,6 +442,76 @@ capacity — is a plausible shape for it, and it would put revenue against
 the galvanics line from day one rather than waiting on CNX's own title
 count.
 
+## ResurRec Japan (October 2026)
+
+ResurRec has opened a second plant, in Japan. Four photographs of it
+reached the team in October 2026, filed in
+[`resurrec-japan/`](resurrec-japan/). Where in Japan, since when and at
+what capacity is not known, and nothing about it is published yet:
+`resurrec.jp` is registered but showed only the hosting provider's
+placeholder page (checked 26 October 2026). What the photos show:
+
+- **A "ResurRec JAPAN" sign beside a window wall onto the press floor**
+  ([photo](resurrec-japan/resurrec-japan_visitor-window.jpeg)): visitors
+  watch production from a corridor, the idea behind CNX's glazed
+  [visitor corridor](../crane-workshop-tours.md#3-visitor-corridor).
+- **Automatic presses in aluminium-profile safety cabinets** with glass
+  doors, red frames and a touch panel on a swing arm, red hydraulic units
+  beside them, at least three press cabinets in view
+  ([press floor](resurrec-japan/resurrec-japan_press-floor.jpeg),
+  [one press](resurrec-japan/resurrec-japan_press-cabinet.jpeg)). **Alexander
+  identifies them as a new Pheenix Alpha AD12.** What supports it: a
+  carton marked "PHEENIX AL..." stands in the foreground, the cabinet
+  layout matches the AD12 cabinet pictured on
+  [Pheenix's site](https://www.pheenixalpha.com/), and Pheenix supplies
+  one hydraulic pump unit per AD12. The site still shows the AD12 in grey,
+  so the red version would be a generation not yet published. Neither
+  ResurRec nor Pheenix has confirmed it. A close-up shows a record on a
+  turning table under a clamp with a hot-surface warning, which reads as
+  the trimming station (our reading;
+  [detail](resurrec-japan/resurrec-japan_press-detail.jpeg)).
+- **Services from the ceiling**: insulated pipe runs with a drop,
+  pressure gauges and valves at each press, a stack light per press, in a
+  finished room with a suspended ceiling, track lights and a ceiling air
+  outlet, so the room is air-conditioned, unlike the Bangkok floor.
+- No plating, cutting or packing area is in view. Whether the Japan plant
+  plates is unknown.
+
+What it changes:
+
+- **"They cannot scale inside an apartment" now holds for Bangkok only.**
+  ResurRec scaled by building abroad, with automatic presses in a
+  conditioned room. If the AD12 identification holds, three presses at
+  Pheenix's 24 to 26 s cycle (~140 records/h each, vendor figure)
+  nameplate at ~420 records/h, about twice the Bangkok pair's ~190 to
+  210/h above. That is installed capability, not output, and the table
+  above still counts Bangkok only.
+- **The Japan part of the export wedge narrows.** The positioning above
+  counts regional labels shipping to Japan among CNX's market. ResurRec
+  now presses inside Japan, so Japanese labels, and Thai titles sold there
+  (HYBS's *Making Steak*, pressed by ResurRec, was also sold in Japan per
+  [Bandwagon, 2023](https://www.bandwagon.asia/articles/resurrec-boutique-vinyl-lab-records-music-bangkok-thailand-traithep-wongpaiboon-sarit-narukatpichai-interview-southeast-asia-press-2023)),
+  have a domestic option from the same company. Japan already had Toyo
+  Kasei, Sony and P-Vine's VGAP, which P-Vine called the fourth domestic
+  plant when it opened in 2024
+  ([P-Vine, 24 July 2024](https://p-vine.jp/news/20240724-100048)).
+- **An operator that runs Newbilt presses in Bangkok chose Pheenix for
+  Japan**, if the identification holds. If the Bangkok automatic is the
+  Newbilt Classic the tour identified (see the directory conflict above),
+  it is the most direct Classic-versus-AD12 evidence the plan has; the
+  AD12 is the comparison for the Classic in
+  [pressing line](../equipment/pressing-line.md). Why they chose it, and
+  what installation and service cost them in Japan, is worth asking in
+  the collaboration talks and on the Pheenix call.
+- **The collaboration shape above depends on the metal path.** If the
+  Japan plant does not plate either, CNX's stampers and cut lacquers could
+  serve two ResurRec plants; if it does, ResurRec has its own metal path
+  and the stamper-supply offset shrinks.
+
+Open questions: where the Japan plant is, since when, how many presses
+and which, whether it plates, and whether Bangkok keeps its orders or
+volume work moves to Japan.
+
 ## Pricing assumptions (what a pressing plant charges)
 
 Typical Western pressing-service prices run roughly **2.90 to 5.80+ USD**