ITEQ Announces THB 1 Billion Capital Increase for Thailand Subsidiary
CCL manufacturer ITEQ is increasing its investment in its Thailand subsidiary by THB 1 billion, bringing the total to THB 2 billion. The company also approved THB 3.328 billion for a second-phase plant expansion in Thailand to meet growing demand and supply chain changes.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 17:40
- 🔍 Collected: May 5, 2026 at 18:01 (21 min after Published)
- 🤖 AI Analyzed: May 5, 2026 at 18:14 (13 min after Collected)
Copper Clad Laminate (CCL) manufacturer ITEQ Corporation announced today that its board has approved a cash capital increase of THB 1 billion for its Thailand subsidiary, ITEQ Corporation (Thailand) LTD. The transaction involves 10 million shares, aimed at long-term investment. This brings ITEQ''s total investment in the subsidiary to THB 2 billion (20 million shares), maintaining a 100% stake. Additionally, the subsidiary acquired equipment totaling approximately NT04 million from Asiaic Metal Industry Co., Ltd. between July 2025 and May 2026. The board also approved a THB 3.328 billion capital expenditure for Phase 2 of the Thailand plant to address global supply chain shifts and customer demand. For Q1 2026, ITEQ reported revenue of NT.143 billion and a net profit of NT14 million. The company plans to expand Thailand''s production capacity by another 300,000 sheets per month by the end of Q4 2026.