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Catcher Technology has announced a plan to invest US$100 million to establish a wholly-owned subsidiary in Suqian, China for R&D, sales and manufacturing of materials, products and molds.
Since Catcher already has a production base in Suqian, market watchers pointed out that the subsidiary is mainly for capacity expansion to help satisfy clients’ demand, according to a Chinese-language Economic Daily News (EDN) report.
The market watchers noted that the new plants are unlikely to be able to begin mass production until next year, the paper added.
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