AUCMA plans to invest 360 million yuan to build a smart manufacturing factory in Indonesia with an annual production capacity of 500,000 refrigerators (cabinets)
AUCMA plans to invest CNY 360 million to build a smart manufacturing factory with an annual production capacity of 500,000 refrigerators in Indonesia, in order to meet local market demand and enhance international competitiveness. The project will be constructed in two phases, mainly funded by Qingdao AUCMA Import and Export Co., Ltd. and AUCMA (Indonesia) Electrical Co., Ltd. This move will help the company localize production in the Southeast Asian market, improving profitability and core competitiveness
According to the Zhitong Finance APP, AUCMA (600336.SH) announced that Indonesia, as the largest economy in ASEAN, is experiencing rapid economic development and is the company's largest commercial product stock market in Southeast Asia. The traditional export model, which mainly focuses on domestic production and processing, has become increasingly difficult to meet the development needs of the Indonesian market. Localized production and operations in Indonesia, transitioning from product exports to capacity going overseas, will be a new pivot for the company's overseas business development. Therefore, the company plans to establish a smart manufacturing factory in Indonesia with an annual production capacity of 500,000 refrigerators (cabinets). The total investment for this project is approximately 360 million yuan, of which about 300 million yuan is for land acquisition and construction investment, and 60 million yuan for registered capital and other working capital for the newly established company. The project will be carried out in two phases. The project is intended to be jointly funded by the company's wholly-owned subsidiaries, Qingdao AUCMA Import and Export Co., Ltd. and AUCMA (Indonesia) Electrical Co., Ltd., with approximately 10 million yuan to be invested to establish a wholly-owned subsidiary in Indonesia for specific implementation.
This external investment construction project can not only effectively meet the growing product demand in the local Indonesian market but also enhance the company's ability to respond to international trade barriers, thereby better seizing overseas market opportunities and meeting overseas market demands. At the same time, the project belongs to the company's refrigeration main business, which is conducive to further improving the industrial layout, expanding scale, and enhancing profitability and core competitiveness
