Xi'an Bright Laser Technologies to Build Powder Additive Factory for 1 Billion Yuan

MT Newswires Live

Sep 24, 2024

Xi'an Bright Laser Technologies (SHA:688333) will invest 1 billion yuan in a construction project for a production facility for powder additive manufacturing, according to a Tuesday filing with the Shanghai Stock Exchange.

The Chinese manufacturer of metal 3D printers will establish a subsidiary to invest in the facility, the filing said.

The factory spans an area of 69,800 square meters. The project is equipped with an atomization powder-making system, argon circulation, powder post-processing, vacuum packaging, powder and testing equipment, among other instruments, the filing said.

Production capacity is seen to increase to 3,000 tons per year from 800 tons yearly.

Shares closed 4% higher during Tuesday's trading.

Price (RMB): Â¥40.00, Change: Â¥+1.5, Percent Change: +3.90%

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