Jinbei Electric to Invest 700 Million Yuan in Czech Republic for Electromagnetic Wire Production

Published: Mar 13, 2025 15:08

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Jinbei Electric Co., Ltd. (002533) announced that to further enhance the company's service responsiveness to customers in Europe and other overseas markets, improve its brand recognition and overall competitiveness in the international market, and advance its global layout strategy, it plans to invest approximately 700 million yuan to establish an electromagnetic wire production site in the Czech Republic. The project is expected to have a total electromagnetic wire capacity of 20,000 mt, to be constructed in two phases. The first phase is planned with a capacity of 8,000 mt and is expected to commence production by the end of 2025 or early 2026; the second phase is planned with a capacity of 12,000 mt and is expected to commence production in 2028.

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