Boshen Tools plans to build 239 million Thai diamond saw blade production base

Boshen Tools announced on the evening of May 30 that the company plans to invest in Thailand to set up a wholly-owned subsidiary to build a diamond saw blade production base overseas. The total investment of the project is 239 million yuan, and the investment construction period is 3 years. The company announced that the above investment projects will effectively reduce the impact of anti-dumping lawsuits initiated by the United States on diamond circular saw blades originating in China, consolidate and enhance the market position of the company's products in the United States, and at the same time exploit the location advantages to develop and develop. South Asian markets such as India. The company announced that the company intends to change the fund-raising investment project “High-performance laser welding professional diamond tool technology transformation project”, and will use 155 million yuan that has not been invested in the project to invest in the first phase of investment in the establishment of a wholly-owned subsidiary project in Thailand.

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