-
The company, a specialist manufacturer of medium to large projected capacitive touch screens, today announced that it has completed approximately 80% of the construction work of its new high-standard manufacturing facility in Chengdu. 2022.
The company completes the roof of the facility, highlighting Wetouch’s continued commitment to improving its capabilities and capabilities to meet rapidly growing customer demand, including top 500 enterprise customers worldwide such as Siemens, Canon and Delta is doing.
Wetouch will invest a total of RMB 76 million to build the factory, and he will also invest RMB 20 million to build his two fully automatic touch screen production lines in the facility, which will be completed in the first quarter of 2023. We are planning to start mass production.
The production facility covers an area of approximately 20 acres with a building area of approximately 30,000 square meters. The new plant is located in the Strait Industrial Park, Wenjiang District, Chengdu. Zongyi Lian, CEO of Wetouch, commented: Wetouch is committed to realizing the potential of our customers by improving our ability to accelerate the development and commercialization of more innovative touch screen products, and our new manufacturing facility has achieved annual sales of over RMB 1 billion. We expect to achieve high and over 200 net income with Mio. ”
Information in this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are distinguished by the fact that they are not purely historical or current facts. Forward-looking statements often include words such as “expect,” “estimate,” “anticipate,” “plan,” “intend,” “plan,” “believe,” and Contains words and phrases of similar content that are relevant to future discussions. business or financial performance; Financial prospects reflect our current and provisional views of market and business conditions and are subject to change.
Forward-Looking Statements
Our forward-looking statements are based on management’s current expectations and assumptions regarding our business and performance, economic and other future conditions, and expectations of future events, conditions and outcomes. Like all forecasts and projections, forward-looking statements are inherently subject to uncertainties and changes in circumstances.
Our actual results may differ materially from those expressed or implied by forward-looking statements. Important factors that could cause our actual results to differ materially from those contained in the forward-looking statements include government regulatory, economic, strategic, political and social conditions and the year ended December. including those described in our annual report. 2021, filed with the SEC on April 15, 2022.