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Shares of Olympic Circuit Technology saw an increase following the company’s announcement of a CNY2.6 billion (approximately USD363.2 million) investment to establish two new manufacturing facilities, one domestically and one overseas.
As of 2:15 p.m. in Shanghai, the company’s stock was up 1.3 percent at CNY36.78 (USD5.14), having earlier risen by as much as 5.7 percent.
The company revealed it will allocate CNY1.5 billion to develop a next-generation PCB plant in Heshan, located in southern Guangdong province. Construction is slated to start by December, with completion targeted for mid-next year.
This new facility will boast an annual capacity of 180,000 square meters of chip-embedded PCBs and 480,000 square meters of advanced high-density interconnection PCBs.
Chip-embedded PCBs are instrumental in enhancing the power systems of electric vehicles, boosting their driving range, and are also utilized in high-tech sectors like data centers, high-power communication gear, and humanoid robots. The high-density interconnection PCBs are crucial components in emerging industries such as 5G networks, artificial intelligence, autonomous vehicles, and premium consumer electronics.
Additionally, the company announced plans to invest CNY1.1 billion in constructing a production facility in Chachoengsao Province, Thailand. This plant will have an annual output capacity of 1.2 million square meters of PCB products, contributing to a more stable overseas supply chain.
Construction of the Thai plant is expected to take 24 months. Upon reaching full capacity, it is projected to generate annual sales of CNY719.6 million (USD100.5 million) and a net profit of CNY79.8 million (USD11.1 million).
The company serves a client base that includes several globally recognized enterprises such as Tesla, Panasonic, Mitsubishi Motors, Bosch, Dyson, Synaptics, Abbott Laboratories, and Insulet.
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