Avary expands Thai plant with $609.5M to boost high-end PCB output

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Avary Holding, the largest global supplier of printed circuit boards, announced plans to invest 4.3 billion yuan (approximately $609.5 million) to expand its high-end product manufacturing capacity at its facility in Thailand. This expansion is aimed at better serving the surging demand driven by artificial intelligence advancements and strengthening its worldwide production footprint.

The company will establish a series of advanced PCB production lines within the SAHA Industrial Park located in Prachin Buri. Construction is scheduled to take place throughout the upcoming year.

This initiative is designed to offer integrated solutions across multiple industries such as servers, AI-powered devices, and low-orbit satellites. It intends to support the rapidly expanding AI application sector by boosting capabilities in high-density interconnect and multi-layer PCBs, among other specialized products.

The project aims to capitalize on significant market growth opportunities brought about by the AI revolution in the PCB sector. It will expand the company’s AI-related product lines, ramp up mass production, and refine the integration of its offerings across the entire “cloud-pipe-terminal” supply chain, aligning with international customer needs.

In the first half of this year, approximately 80 percent of the company’s revenue was generated from US clients. About 63 percent of its PCB sales came from communication equipment manufacturers, 32 percent from consumer electronics and computer companies, with the remaining earnings from automotive and server sectors.

Earlier this year, Avary announced an 8 billion yuan investment to enhance high-end PCB manufacturing capabilities in Huai’an, Jiangsu Province, to address rising demand from emerging sectors such as AI servers and humanoid robots. The company has maintained its position as the world’s top PCB provider for the past eight years.

Today, the company’s stock closed at 48.64 yuan (around $6.91), marking a 1.6 percent increase, after reaching a high of 3.1 percent earlier in the session. Meanwhile, the broader Shenzhen market declined by 1.5 percent.