On December 2, the groundbreaking ceremony of the new factory of the Thai subsidiary of Qijing Machinery was held at the new project construction base of the WHA Industrial Park in Thailand. Wang Weidong, President of Qijing Machinery, said at the groundbreaking ceremony that Thailand, as one of the most dynamic and potential economies in Southeast Asia, has a superior geographical location, convenient transportation network and abundant human resources. The construction and start-up of the new factory will bring new development opportunities and competitive advantages to the company.
According to reports, Qijing Machinery is a diversified intelligent manufacturing enterprise with continuous innovation capabilities, and has formed an industrial pattern of three major businesses of home appliance parts, auto parts and power tool parts. In order to meet the existing and future needs of customers, Qijing Machinery started the construction project of a new factory in Thailand. The new plant is located in the WHA Industrial Park in Thailand, with a land area of about 43 acres, and according to Thai regulations, the largest building on the land covers an area of about 21,000 square meters. The new plant construction project plans to build three factories, covering an area of about 18,000 square meters and a total construction area of about 25,000 square meters.
According to the 2022 annual report of Qijing Machinery, after the completion of the construction of the factory, it will solve the bottleneck of the production site of the Thai subsidiary, further expand the technological process, realize the improvement of the production capacity and production capacity of the whole process, and undertake more process development and business expansion. Qijing Machinery will take the new factory in Thailand as an opportunity to expand local and neighboring countries and regional customers, and promote the company's international strategic layout.