HSW* to Invest 375m RMB In the Construction of a Manufacturing Plant in China
HSW's Board of Directors recently confirmed an investment of 375m RMB in the construction of a manufacturing and assembly plant for the company's products in China.
- HSW's Board of Directors recently confirmed an investment of 375m RMB in the construction of a manufacturing and assembly plant for the company's products in China.
- The plant will be built in the city of Qingdao in eastern China on the Yellow Sea coast and is the first to be owned by the company in China.
- The cost of building the plant is estimated at 375m RMB (approximately 190m NIS).
- Construction is scheduled to began at the end of Q1 2020 and to be completed within a year.