The latest announcement is out from Precision Tsugami (China) Corp. Ltd. ( (HK:1651) ).
Precision Tsugami (China) Corporation Limited has announced plans to expand its production capacity by acquiring a parcel of land in the Pinghu Economic Technological Development Zone, China. This strategic move aims to construct a new production plant to meet the rising demand for CNC high precision machine tools, driven by the rapid growth in the automotive, humanoid robot, and AI sectors. The expansion is expected to strengthen the company’s industry position and enhance its competitiveness.
More about Precision Tsugami (China) Corp. Ltd.
Precision Tsugami (China) Corporation Limited operates in the high precision machine tools industry, focusing on the production of computerised numerical control (CNC) machines. The company is positioned to cater to the growing demands from sectors such as new energy vehicles, humanoid robots, and artificial intelligence.
YTD Price Performance: 92.05%
Average Trading Volume: 2,258,563
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.83B
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