On May 21st, GDLY Tech announced that the company invested 3.0 billion yuan to build the following new projects:
The total investment of precision metal processing project is 1.857 billion yuan, and the construction period is 2 years. After the project is completed, the company will form an annual output of 40 million sets of automotive motor structural parts, 200 million power plug accessories, 50 million sets of wireless charging modules, and 58 million sets of computer and mobile phone heat pipes.
The total investment of the electromagnetic functional materials project is 666 million yuan, and the construction period is one year. After the project is completed, the company will form an annual output of 12,400 tons of high-performance magnetic materials and 59.32 million square meters of die-cut materials (including nanocrystalline magnetic materials, absorbing materials, release films and double-sided adhesive).
The 5G and related consumer electronics industries are industries that the country is focusing on. The acceleration of China's 5G commercial process will bring trillion-scale market size; in addition, the localization of new materials has become an inevitable choice for China's development strategy. The company will tightly seize the major opportunities for the development of 5G, wireless charging, and new materials industries through the implementation of this raised capital investment project.
About GDLY Tech
The main business segments include magnetic materials, precision parts and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wires and cables, motors, trade logistics, supply chain finance, etc., and their products are widely used in consumer electronics, automotive Industrial control, smart security, smart wearable, smart home, new materials, new energy vehicles and other fields.
Manufacturing bases in Shenzhen, Dongguan, Jiangmen, Suzhou, Dongtai, Wuxi, Chengdu, Zhengzhou, Chongqing, Ganzhou and with more than 50,000 employees.