Sprintex (SIX) shares are trading in the green after announcing the launch of its new international subsidiary, Sprintex China
The ASX lister is an automotive and industrial engineering, research, product development and manufacturing company focusing on clean emission transportation, clean energy and industrial applications
A new 1500-square-metre facility in Suzhou, Jiangsu Province, is set to act as a production and research and development hub for the company's China operations developing high-speed electric compressors
According to Sprintex, the facility can provide for a high-speed electric compressors production capacity of 50,000 units per annum — a market which the ASX-lister affirms is experiencing increased demand
More broadly, the subsidiary is hoped to open the market for Sprintex's twin-screw compressor in China for automotive and industrial applications
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