Xinan Technology invests in building a factory in Thailand to strengthen its global strategic layout

On January 5, 2025, Xinan Technology (Thailand) Co., Ltd. held a groundbreaking ceremony for the factory in Zone 2 of the Thai-Chinese Rayong Industrial Park in Rayong Province, Thailand. This investment in the factory is an important part of Xinan Technology's global strategic layout, aiming to better serve international customers and enhance the company's international competitiveness. In order to meet the needs of business expansion, Xinan Technology signed a joint venture agreement with Wuxi Casting Materials Co., Ltd. to jointly establish a new joint venture in Thailand to be responsible for the construction and operation of the factory. The total investment of the project is expected to reach US$68 million, focusing on the research and development, production and sales of aluminum alloy products. This move will help Xinan Technology expand overseas markets, meet the needs of international customers, and enhance global market supply capabilities.