Hangzhou Huaguang Advanced Welding Materials (SHA:688379) plans to invest 300 million yuan to construct a brazing material production base in Thailand, according to a Shanghai Stock Exchange disclosure on Saturday.
The production base will be managed by a planned subsidiary, Huaguang Welding New Materials (Thailand), which will have a registered capital of 5 million Thai baht.
The factory will be constructed in stages, with the first one having a production capacity of 1,000 tons and the second phase having a capacity of 3,500 tons, the Chinese welding materials manufacturer said.
The company's shares closed over 1% higher.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。