ExpansionJun 9, 2026, 07:20 AM
SCHMID Group to Invest 11M in New China Manufacturing Campus
AI Summary
SCHMID Group N.V. announced a preliminary agreement to establish a new manufacturing campus in Zhongshan, China, with an investment of approximately 11 million. This facility will consolidate existing operations, nearly double manufacturing capacity, and support the company's "In China for China" strategy. The expansion aims to meet increasing demand for advanced wet-process equipment and improve operational efficiency, with operations expected to begin by mid-2027.
Key Highlights
- Signed agreement for a new manufacturing campus in Zhongshan, China.
- Total investment expected to be approximately 11 million.
- New facility to nearly double current China manufacturing capacity.
- Aims to consolidate existing two leased facilities into one company-owned campus.
- Expected to begin operations at the new facility by mid-2027.
- Majority of financing expected from local Chinese banks on subsidized terms.
Price Impact
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