On July 25, Shandong Halma Machinery Technology Co., Ltd. released a record of investor relations activities.
It mainly introduces the construction of overseas factories and the market conditions of major products.
It is understood that Halma Technology's customers are distributed all over the world, and they have strong expectations and requirements for building factories nearby.
At present, the company has set up subsidiaries in United States, Thailand, Hungary, India, Brazil, Viet Nam, Mexico, Cambodia and other places.
Construction of its Mexico plant will start in 2023 and orders will begin in April 2024.
The production capacity of this plant will be released one after another with the completion of the project.
Subsequently, Halma Technology will promote the construction of subsidiaries according to market conditions and further strengthen production capacity.
It is reported that the company's overseas factories are all tire mold business, accounting for about 10% of the total mold production capacity.
Its tire mold market share is more than 30%, and the supply ratio of different customers is also different.
In comparison, the share of the domestic market is higher than that of the foreign market as a whole.