To read the full article on The Market Herald click here.
- 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
Sprintex (ASX:SIX) launches new subsidiary in China with a focus on clean energy
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