ORG Technology (SHE:002701) plans to establish production lines in Thailand and Kazakhstan, according to a Shenzhen bourse filing on Saturday.
The Chinese metal can manufacturer's shares rose less than 1% at the lose of Monday's trade.
The company will establish the production lines through its subsidiary, Hangzhou Huarui New Holding.
The factory in Ayutthaya Province, Thailand will produce 700 million cans every year. The construction amounted to 441.6 million yuan, and mass production is expected to start in September 2026.
The plant in Almaty, Kazakhstan will manufacture 900 million cans annually. The construction will cost 646.5 million yuan, and mass production will begin in the first quarter of 2027.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.