On 18th September, HANGCHA announced that according to the company's business strategy of globalisation layout, the company intends to set up HANGCHA Malaysia Sdn Bhd in Malaysia, with a registered capital of USD 2 million and a shareholding ratio of 100%. At the same time, the company also intends to invest in Thailand to set up HANGCHA Thailand Manufacturing Company, with a registered capital of 20 million U.S. dollars, the shareholding ratio is 100%.
Among them, HANGCHA intends to invest in Thailand to set up HANGCHA Thailand Manufacturing Company, which is mainly engaged in the manufacturing and sales of industrial vehicles such as forklift trucks and aerial work trucks, and the assembly and sales of lithium batteries.
HANGCHA announcement said, according to the company's global layout of the business strategy, in order to further optimise the industrial layout, enhance the company's competitiveness in the international market, help the expansion of the overseas market, strengthen the supply capacity of the overseas market, and better serve overseas users. This investment project is intended to purchase land in Thailand, the new production workshop and office building, pre-built with counterbalanced forklift, aerial working platform manufacturing and lithium battery assembly functions, the initial formation of an annual output of 10,000 units containing counterbalanced forklift, scissor fork aerial working platform, boom aerial working platform production capacity.
