Hainan Development's subsidiary expands Zhuhai production base with $215m investment

Hainan Development has announced the approval of the second phase of its Zhuhai production base project, with a total investment of 215 million yuan. This expansion, undertaken by Zhuhai Sanxin Technology Development Co., Ltd., a wholly-owned subsidiary of Shenzhen Sanxin Technology Development Co., Ltd. (Sanxin Technology), aims to enhance production capacity for solar photovoltaic building integration and energy-saving curtain walls and doors. The project is expected to take 27 months to complete, funded by a combination of own capital and bank loans.

The Zhuhai production base second phase will span approximately 55,077.77 square meters and include the construction of two factory buildings and one dormitory. This expansion is crucial for Hainan Development to meet increasing order demands from its existing Zhuhai production base, which serves projects across the Greater Bay Area, Southern, Central, Southwestern China, and overseas.

The investment is expected to improve resource utilization, expand capacity for curtain wall businesses, and support the company's high-quality development. It will also facilitate technical innovation and intelligent upgrades, leading to improved operational efficiency, reduced costs, and enhanced market competitiveness for Sanxin Technology.