Shenzhen Woer Heat-shrinkable Material (002130.SZ) plans to build production bases in Vietnam and Malaysia with a total investment not exceeding 1 billion yuan to optimize its global production capacity layout.

Shenzhen Woer Heat-shrinkable Material (002130.SZ) announced that the company plans to use self-raised funds totaling no more than 1 billion RMB (or equivalent foreign currency, with the actual investment amount as the final decision) to invest in the construction of production bases in Vietnam and Malaysia. Specifically, the company plans to invest no more than 500 million RMB (or equivalent foreign currency) to expand the production base in Vietnam, and no more than 500 million RMB (or equivalent foreign currency) to build a production base in Malaysia. In particular, the company plans to expand capacity through its subsidiary in Bc Ninh Province, Vietnam, to increase the production capacity of main products such as communication cables, special cables, etc. The project includes but is not limited to the purchase of necessary production equipment, factory renovation, and working capital. The company plans to establish a production base in Johor, Malaysia through its subsidiary, to engage in the production and sale of main products such as automotive wire harnesses, heat shrink materials for pipe protection, and insulating sleeves. The project includes but is not limited to land purchase, construction of factory buildings, equipment purchase, and working capital. It is reported that this investment in building production bases in Vietnam and Malaysia will help the company further optimize its global production layout, enhance supply chain resilience, and market response capabilities.