December 17, 2024 – Ventec International Group Co., Ltd. (TWSE:6672.TT) announces that Thailand has been selected as the location for its new state-of-the-art PCB materials manufacturing facility. The facility will be built on 8.4 acres in the Hi-Tech Industrial Estate to the north of Bangkok in the Ayutthaya province, reinforcing Ventec’s commitment to global supply chain resiliency, as well as customer proximity in the developing Southeast Asia PCB manufacturing hub. The $17 million investment marks a significant step in expanding Ventec’s global manufacturing footprint beyond China and Taiwan.

This development follows Ventec's June 2023 announcement of plans to establish a new manufacturing base in Southeast Asia to diversify geographical risk and enhance support for growing customer demand. With construction scheduled to commence in Quarter 2 of 2025 and full production starting in Quarter 1 2026, the facility will offer cutting-edge production capabilities across two phases, achieving a capacity of 150,000 sheets per month in phase 1.

Image Source: Ventec International Group

Ventec selected Thailand for its new manufacturing facility due to several compelling factors. Establishing operations in Thailand diversifies geographical risk by expanding beyond existing hubs in China and Taiwan, strengthening supply chain stability. Thailand’s emergence as a leading PCB manufacturing hub outside of China makes it a strategic location, particularly as many of Ventec’s existing and potential customers are establishing or expanding their operations there. Additionally, Thailand offers a robust logistics infrastructure with reliable international shipping routes, which ensures fast delivery times. Finally, the country’s strong support for the electronics manufacturing sector provides a favorable environment for efficiency and cost-effectiveness, benefiting customers across all regions.

Jason Chung, CEO of Ventec International Group, stated: “Now is the right time to invest in establishing an additional manufacturing presence in Thailand to support the expanding Southeast Asian electronics industry, which is experiencing significant growth across consumer, industrial, and automotive sectors. This new factory will enhance our supply chain security promise to our global PCB and OEM customer base as we plan to manufacture the complete portfolio of advanced high-reliability and high-performance materials.”

Mark Goodwin, COO EMEA & Americas, highlighted the benefits for customers beyond Southeast Asia: “The addition of our Thailand factory strategically positions Ventec to better serve our customers worldwide. Thailand's robust logistics infrastructure enables faster shipping times, and exceptional supply chain reliability. As Thailand strengthens its position as a leading PCB manufacturing hub, we can deliver unrivaled value to our customers by ensuring their supply chains remain agile and competitive, whilst also addressing the geopolitical and geographical diversity of manufacturing footprint requirements of some key customers and market sectors. The new facility underscores Ventec's leadership in delivering high-reliability and high-performance PCB materials for applications in automotive, aerospace, communications, and more.”

Further information about Ventec’s solutions and the company’s wide variety of products is available at   www.venteclaminates.com.

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Ventec confirms Thailand as location for a new state-of-the-art PCB material manufacturing facility.