Antai Technology: Super-hard Thailand plans to invest 3,903,600 yuan to start the expansion project

On February 19, Antai Technology (000969.SZ) announced that the US market is the dominant market for the company's holding subsidiary Antai's super-hard export market, which has maintained steady growth in recent years. In 2019, the demand of US customers has further increased. . In 2018, the actual production of ultra-hard Thai subsidiary of Antai Superhard Holding Co., Ltd. has exceeded the first-phase construction design capacity by 46%, and the production capacity has reached its limit. It is urgent to expand production capacity to meet market demand. In combination with the company's “13th Five-Year Plan” strategic goal development and industrial restructuring, Super Hard Thailand plans to start self-raised funds to expand production projects, with a total investment of 39.034 million yuan.

The announcement shows that the total investment in super-hard Thailand expansion projects is 390.34 million yuan. Among them: equipment investment of 11.652 million yuan, housing construction investment of 8.234 million yuan, land cost of 682,600 yuan (in the first phase of investment, the total investment used in the current period), the initial working capital of 1,207,490 yuan, and other working capital of 6,391,100 yuan.

Antai Technology said that North America is not only the world's largest single diamond tool market, but also the largest single export market of Antai Superhard. The North American market has accounted for 45% of Antai's superhard diamond tool business, and the market demand for 2019 will further increase. The stable development of super-hard Thailand is the ballast stone of the company's future reforms and adjustments, and it is also an important pillar for the company to achieve the "13th Five-Year Plan" strategic planning goals.

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