According to reports, a famous vape manufacturer from China, ALD and Dongguan Shipai Town Government signed an “Investment Agreement” on February 9. ALD plans to invest 500 million yuan to build an R&D and intelligent manufacturing base in Shipai Town, Dongguan, China.
The planned site for ALD’s R&D smart manufacturing project is located in Shixin Industrial Park, Shipai, with an area of about 47 acres and a planned investment of 500 million yuan.
After the project is completed and put into production, the estimated annual revenue is 3 billion yuan.
Dongguan Gewu Technology Co., Ltd., a wholly-owned subsidiary of ALD in Shipai, Dongguan, will be responsible for the construction and operation.
Ding Yi, chairman of ALD, revealed that it took less than three months for the Dongguan Ship Pai project from initiation to landing.