Woer heat-shrinkable material expands production with overseas and domestic investments

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. announced plans to invest a total of up to 1 bn yuan in new production bases in Vietnam and Malaysia, with up to 500 m yuan allocated to each country. These overseas facilities, focusing on communication cables, heat-shrinkable materials, and insulation sleeves, aim to enhance global capacity and market responsiveness. The board approved these investments on December 16, 2025, and the proposals will be submitted for shareholder approval.

Concurrently, the company is expanding its domestic presence with an investment of up to 1.5 bn yuan in the Huizhou Shuikou Industrial Park. This project, approved on December 16, 2025, will establish an R&D, production, and sales base for high-performance communication and intelligent industrial cables, along with polymer foam materials. The land for this domestic expansion was secured in January 2025.

These strategic investments are funded by the company's self-raised capital and are intended to meet growing business demands, optimize global production layouts, and strengthen the company's overall operational efficiency and competitiveness. The company acknowledges potential risks related to market changes, policy adjustments, and project implementation timelines.