High-end electronics surge: SCHMID Group to build new site in China
SCHMID Group, a global expert in advanced manufacturing solutions for the electronics and semiconductor industries, announced that it has signed a preliminary manufacturing project letter of intent and investment framework agreement with local authorities in Banfu Industrial Zone, Zhongshan, China, on establishing a new manufacturing campus.
The total investment for land acquisition, construction and related infrastructure is expected to be approximately EUR 11 million. The agreement with local authorities provides for various development incentives including land use rights for long-term use by the local authorities.
The planned facility will consolidate SCHMID's existing manufacturing operations currently located at two separate leased facilities into a single company-owned production campus.
As a result, SCHMID expects the new facility to provide nearly double the effective manufacturing capacity of its current China operations, through the extension of operational space, improved layout efficiency, streamlined logistics, and optimized production workflows.
The investment supports SCHMID's long-term "In China for China" strategy and is intended to address China’s increasing demand for advanced wet-process equipment used in the manufacturing of high-end HDI boards, IC substrates, AI server boards and other advanced electronic applications.
Construction is expected to commence following completion of the final land transfer and permitting process and the conclusion of a final, binding agreement. SCHMID expects to begin operations at the new facility approximately mid-2027.
