Guangzhou Tech-Long Packaging Machinery (002209.SZ) has announced that, in order to meet the needs of business development and improve production capacity and overall competitiveness, it plans to expand and renovate existing factories. The total investment for the project will not exceed 0.25 billion yuan, with a construction period of no more than 30 months. After consolidating some plots of land, the company plans to demolish and upgrade some factory buildings and office buildings, with an estimated demolition area of about 9,787 square meters. It also plans to build new factory buildings and office buildings, with an estimated new construction area of about 61,498 square meters (the final approved documents will be the basis for the expanded construction area).
Guangzhou Tech-Long Packaging Machinery (002209.SZ) announced that, in order to meet the needs of business development and improve production capacity and overall competitiveness, it plans to expand and renovate existing factories. The total investment for the project will not exceed 0.25 billion yuan, with a construction period of no more than 30 months. After consolidating some plots of land, the company plans to demolish and upgrade some factory buildings and office buildings, with an estimated demolition area of about 9,787 square meters. It also plans to build new factory buildings and office buildings, with an estimated new construction area of about 61,498 square meters (the final approved documents will be the basis for the expanded construction area).
This factory expansion project will effectively meet the company's needs for resources and environment in production, research and development, and office space, thereby improving the company's production capacity, delivery efficiency, and brand influence. It will also help enhance the company's stable development and overall competitiveness. This investment will not have a significant impact on the company's business performance in 2024.
