Wazam acquires 26 acres for major plant in Doumen
An "intelligent manufacturing base" for high-grade copper clad laminate (CCL) will be built in Doumen's Fushan Industrial Park at a cost of 30.42 million yuan ($4 million).
Zhuhai Wazam New Material won the bidding on July 7 for a 103,478-sq-m (26-acre) industrial tract south of Qixing Avenue and east of the proposed West Haigong Road. A 50-year right of use was transferred July 15 by the Municipal Natural Resources Bureau to the wholly owned subsidiary of Zhejiang Wazam New Materials. The subsidiary was founded in April this year.
Hangzhou headquarters of Zhejiang Wazam New Materials [Photo courtesy wazam.com.cn]
Zhejiang Wazam New Materials was founded in Hangzhou in 2003 and listed on the Shanghai Stock Exchange in 2017. It is one of the earliest national hi-tech enterprises in China to develop epoxy CCL -- a base material for printed circuit boards (PCBs).
Wazam's CCL, functional composite and thermoplastic honeycomb materials are widely used in communication signal exchange, cloud computing storage, automatic driving signal acquisition and Internet of Things radio frequency systems, as well as medical equipment, rail transit, new energy, and green logistics.
The enterprise recorded operating revenue of 2.03 billion yuan ($290 million) in 2019, up 18.2 percent year-on-year. Net profit (excluding non-recurring gains and losses) attributed to the parent company was 88.77 million yuan ($13 million), an increase of 51.5 percent from the previous year. The establishment of the manufacturing base in Zhuhai echoes its strategic planning and demand for cross-regional business expansion in South China.
As of late 2019, Wazam had obtained 148 national patents, of which 60 are for inventions and 88 utility models and participated in the formulation of seven national industrial standards. It was cited as an Outstanding National Brand Enterprise by the China Printed Circuit Association for four consecutive years.