Geekvape has announced plans to invest several billions to construct an intelligent manufacturing industrial park in Greater Bay Area, China.
The company stated that the new investment is part of its long-term growth strategy and aims to aims to accelerate its transition to intelligent manufacturing with continuous investment in technological innovations.
The construction of the new facility in Guangdong-Hong Kong-Macao Greater Bay Area (GBA) will help to increase the production capacity to serve customer needs.
The e-cigarette brand is also planning to continue concentrating on intelligent manufacturing and basic R&D with its new investment in the industrial park. It also aims to manufacture a $1.54bn (CNY10bn) e-cigarette industry ecosystem.
It will use a mix of connected intelligent manufacturing platform, internet of things (IoT) technology and big data in the new advanced industrial park.
This will help to improve product quality and services backed by completely intelligent management of product design, product packaging, production, R&D, sales and after-sales businesses.
With the new investment, Geekvape will become the first firm to build modular intelligent manufacturing centres and transform standard manufacturing procedures.
Geekvape CEO Allen Yang said: “Geekvape has always been committed to helping improve human wellbeing and community development. Benefiting from the ideal economic, geographical and business conditions in the GBA, in tandem with the momentum in the intelligent manufacturing sector, we will build on our presence in the area to expand globally.
“Geekvape will provide our customers across over 70 countries and regions with better products and services enhanced by intelligent manufacturing and innovative technologies.”
Geekvape attends the signing ceremony for the intelligent manufacturing industrial park in GBA. Credit: PRNewsfoto/Geekvape/ PRNewswire.