Hangzhou Huaguang Advanced Welding Materials (SHA:688379) plans to invest 300 million yuan to construct a brazing material production base in Thailand, according to a Shanghai Stock Exchange disclosure on Saturday.
The production base will be managed by a planned subsidiary, Huaguang Welding New Materials (Thailand), which will have a registered capital of 5 million Thai baht.
The factory will be constructed in stages, with the first one having a production capacity of 1,000 tons and the second phase having a capacity of 3,500 tons, the Chinese welding materials manufacturer said.
The company's shares closed over 1% higher.
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