Great Wall Technology, Long Yang Electronics, Tianrun Industry set foot in Thailand, upgrading industry chain effect
In August alone, three more listed companies, Great Wall Technology, Tianrun Industry and Long Yang Electronics, have set up their operations in Thailand, further enriching the countrys automotive and PCB industry chain. Three new Chinese l
In August alone, three more listed companies, Great Wall Technology, Tianrun Industry and Long Yang Electronics, have set up their operations in Thailand, further enriching the country's automotive and PCB industry chain.
Three new Chinese listed companies
On August 8, Great Wall Technology (603897.SH) announced that the company intends to invest in a new production base in Thailand, and the planned investment amount of the project is not more than USD 60 million.
The announcement said that the company plans to purchase land located in Chonburi Province, Thailand. The company intends to implement the construction of the Thailand production base in phases, and plans to realize a certain scale of mass production in 2026.
The main business of Great Wall Technology is the research and development, production and sales of electromagnetic wires, and the products are widely used in motors, electrical appliances and other occasions to realize the conversion of electric and magnetic energy. At present, the company's product applications cover industrial motors, household appliances, automobile motors, power tools, instruments and other fields.
In the first half of this year, the Great Wall Technology realized revenue of 6.318 billion yuan, up 23.46% year-on-year; realized net profit of 116 million yuan, up 85.14% year-on-year.
August 16, day run industry (002283.SZ) announced that it is intended to set up two wholly owned subsidiaries in Hong Kong, in Hong Kong subsidiaries set up after the completion of the two Hong Kong subsidiaries in the establishment of the Thai Run Industrial Technology Co., Ltd. as the main body of the implementation of the project for the construction of the plant in Thailand, the project plans to invest an amount of not more than CNY124 million.
Tairun industrial main business for the internal combustion engine crankshaft and connecting rod, products used in automotive, construction machinery parts.
On August 17, Long Yang Electronics (301389.SZ) announced that it will invest no more than RMB120 million to set up a composite copper foil production base in Thailand.
According to the announcement, the company's wholly-owned grandson Lonjan Electronics Thailand will be the production base in Banpo District, North Liu Province, Thailand. At present, Long Yang Electronics Thailand has completed the Thai business registration and obtained the registration documents, the registered capital of 32 million baht.
Lonrho said, Thailand as a rapidly developing emerging market economy, with land, labor, tax and other cost advantages, and in recent years has undertaken more circuit board manufacturers, copper-clad board manufacturers, capacity transfer, the relevant industry chain is also improving, and greater drive the development of the Thai market.
The construction and implementation of the overseas production base, help the company to utilize Thailand's good industrial base and regional advantages, to better provide products and services for overseas customers, enhance the company's core competitiveness, improve the company's economic efficiency.
Obviously, the layout of Long Yang Electronics Thailand, is to see the upcoming PCB industry cluster effect in Thailand.
Capital increase, buy land busy
In addition to Long Yang Electronics, Tianrun Industry and the Great Wall Technology began to layout Thailand, Chongda Technology, Sang Yi Electronics, the world's circuits and Eden Electronics layout in Thailand is also accelerating.
On August 6, the world movement circuit announcement, the company has completed the overseas investment in the establishment of Thailand's world movement for the record registration matters, Thailand's world movement registered capital of 5 million baht increased to 200,000,000 baht (about 400 million yuan).
August 14, eton electronics revealed that the company has completed the establishment of Thai subsidiary registration related matters, Thailand subsidiary Chinese name for taihua electronics, registered capital of 5 million baht, production and sales of high-precision, high-density double-layer and multi-layer printed circuit boards.
August 20, chongda technology said, has completed the establishment of Thai subsidiaries registered matters related to chongda technology Thailand company also to lokana industrial park to buy an area of 70 rai (equivalent to 112,000 square meters) of industrial land, as the construction of the factory in Thailand, the location of the Thai factory in bajin province.
On August 21, SangYi Electronics announced that according to the construction planning and development needs of the Thai company, the Thai company intends to increase the investment amount of 0.7 billion U.S. dollars, its investment amount increased from 100 million U.S. dollars to 170 million U.S. dollars, the source of funds for their own funds and self-financing. The increase of 0.7 billion U.S. dollars is mainly used for construction works and production and testing equipment of the Thai company.
Based on the fact that Chinese companies' investment in Thailand is still accelerating, on October 15-19, Chaodian will organize the second season of the Thailand Manufacturing Business Mission, which will once again go into Thailand's PCB, home appliance, automobile, and consumer electronics manufacturing companies, and continue to explore the story of Chinese companies' gold-digging in Thailand.
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