King Label opens new factory in Thailand
Thailand facility sees King Label’s third production base, covering 40 million square metres
Chinese label material supplier, King Label has invested 650 million THB, (approx. 19million USD) into the development of a new factory facility located in Yutay, Ayutthaya, Thailand.
The site located 180 kilometers from the nearest port, will be equipped with 4 lines, including one silicon-coating, two coating and one surface treatment production line and will have a capacity of 40 million square meters following build completion in May.
The Thailand factory, with a first phase workshop area of approximately 22,400 square meters is King Label’s third production base after Zhongshan and Liyang, Jiangsu Province. At present, the company’s production capacity totals 100 million square meters per year, with an output value of 650 million RMB.
King Label commenced build of the new factory in 2019 after wholly purchasing the land. Currently the total investment reaches 652 million THB (approx. 18,862USD.)
‘Southeast Asia is a very important market for us. As the center of Southeast Asia, Thailand covers Malaysia, Vietnam, Indonesia and other countries. Due to the trade war between China and the United States, many of our brand customers have set up factories in Southeast Asia. The Thai facility will help us to better serve them,’ said Vincent Shiao, board secretary of King Label.
At present, the first batch of equipment has entered the debugging stage, and the second batch is expected to be ready by the end of March, after which full production capacity is expected. In addition to twelve technical and managerial staff sent from China, the rest will be recruited locally and the factory is anticipated to have 100 employees by the end of the year.
In addition to this, King Label invested in a cutting center in Bac Ninh Province, Vietnam in December 2022, which is currently in the renovation phase.
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