Expand overseas business scale. Guizhou Aviation Technical Development (688239.SH) plans to establish an industrial equipment component forging production base in Slovakia.
Hongyu Technology (688239.SH) announced that the company plans to invest in the construction of a Slovak industrial equipment component forging production base through its subsidiary, Slovakia Advanced Materials Limited Liability Company, with an investment amount not exceeding 105 million euros.
Guizhou Aviation Technical Development (688239.SH) announced that the company plans to invest in the construction of a industrial equipment component forging production base in Slovakia through its subsidiary, Slovakia Advanced Materials Limited Liability Company, with an investment amount not exceeding 105 million euros.
The announcement stated that building a production base in Slovakia will benefit the company in serving its existing European core customers in a more timely manner, and enhance response efficiency and delivery capabilities. Leveraging the favorable market environment and industrial base in Slovakia, this project will help the company further expand its overseas business scale, increase overall revenue levels, and play a positive role in consolidating and enhancing the company's market position in the field of civil industrial equipment manufacturing.
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