Wall Nuclear Materials (002130.SZ) plans not to exceed 1 billion yuan to build production bases in Vietnam and Malaysia to optimize global production capacity layout

According to the Zhitong Finance App, Wall Nuclear Materials (002130.SZ) announced that the company plans to use a total of no more than 1 billion yuan (or equivalent foreign currency, final total investment is based on actual investment) to invest in the construction of production bases in Vietnam and Malaysia. Of these, it plans to use no more than 500 million yuan (or equivalent foreign currency) to invest and expand production bases in Vietnam, and plans to use no more than 500 million yuan (or equivalent foreign currency) to invest and build a production base in Malaysia.

Specifically, the company plans to expand production capacity in Vietnam's Bac Ninh Province through subsidiary companies to increase the production capacity scale of major products such as communication cables and special cables. The project includes but is not limited to the purchase of supporting equipment, plant decoration, and groundwork capital required for production. The company plans to build a production base in Johor, Malaysia through a subsidiary to manufacture and sell major products such as automobile wiring harnesses, heat-shrinkable materials for pipeline protection, and insulating sleeves. The project includes but is not limited to purchasing land, constructing plants, purchasing equipment, and paving the ground.

It is reported that the construction of production bases in Vietnam and Malaysia will help the company further optimize the global production capacity layout and enhance supply chain resilience and market responsiveness.