ITEQ Announces THB 1 Billion Capital Increase for Thailand Subsidiary

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.