(Yicai Global) June 5 — Boton Technology, a Chinese supplier of industrial bulk-cargo conveying equipment and systems, plans to build a digitized conveyor belt plant in Thailand to meet demand from overseas clients. The firm’s shares rose.
Boton will invest CNY630 million (USD88.5 million) or equivalent in Thai baht to set up an affiliate company in Thailand that will oversee the investment, construction, and operation of the plant, the Wuxi-based firm announced on June 2.
Boton’s digitized conveyor belt production facility is working at full capacity because of strong demand, senior executives told investors at the beginning of the year.
Boton’s shares [SHE: 300031] closed 2.7 percent higher at CNY30.66 (USD4.31) each today, after earlier gaining by as much as 5.2 percent.
The Thai unit will make and sell high-performance conveyor belts and provide related services, Boton…
