On the afternoon of February 14th, Kingboard announced a 5 billion Yuan investment in the Kingboard (Kaiping) Next-Generation Technology Industrial Park. The signing ceremony was attended by Chen Anming, Secretary of the Jiangmen Municipal Committee; Wu Xiaohui, Deputy Secretary of the Jiangmen Municipal Committee and Mayor of Jiangmen; Cai Dewei, Member of the Standing Committee and Secretary-General of the Jiangmen Municipal Committee; Zheng Xiaoyi, Member of the Standing Committee and Deputy Mayor of Jiangmen; Yu Zhonghua, Secretary of the Kaiping Municipal Committee; Chen Xiaoman, Deputy Secretary and Mayor of Kaiping; Zhang Guorong, Member of the National Committee of the Chinese People's Political Consultative Conference and Chairman of Kingboard Group; Zhang Guohua, Chairman of Kingboard Laminates Holdings, among others.
With a solid foundation for traditional manufacturing industries, Kaiping is well positioned to foster businesses in the emerging industrial sectors. The city features a large industrial area covering 189 square kilometers and a main platform of 20.47 square kilometersfor industrial transfer purpose. In 2024, the industrial added value above designated size in Kaiping was 13.204 billion yuan, with total investment reached 12.939 billion yuan. The next-generation information technology industrial chain demonstrated a promising industry development by achieving a total output value ofmore than 6.7 billion yuan in 2024, attracting high-tech enterprises such as Elec & Eltek, Yaohua Technology, and Pacific Insulating Materials.
Upon successful completions of the Greater Bay Area’s two key infrastructure projects: the Shenzhen-Zhongshan Link and the Huangmaohai Cross-sea Channel, Kaiping is seizing a historically critical opportunityamidst the emergence of the "Bridge Economy" in the "Golden Inner Bay." Kaiping has become a preferred destination for industrial upgrade and transfer. The recently concluded 14th Session of the Eighth Plenary Session of the Kaiping Municipal Committee made a clear proposal on fostering new, high-quality productivity and accelerating the development of strategic emerging industries. The rapid development of the next-generation technology industry is offering new growth opportunities across the industrial value chain.
Established in 1988, Kingboard is a Hong Kong-headquartered multinational, industrial conglomerate. The company has since become the industry leader across the value chain of electronic components, including upstream chemicals and electronic base materials, with two listed companies: Kingboard Holdings and Kingboard Laminates. The company operates more than 60 factories worldwide and has been listed among the top 2000 global listed companies and the top 100 technology companies.
The Kingboard (Kaiping) Next-Generation Technology Industrial Park is a 300-acre, 5 billion yuan investment project,focusing on manufacturing high-density interconnect (HDI) boards, multi-layer printed circuit boards (PCBs), copper-clad laminates, as well as prepregs. Upon project completionand reaching production capacity, the project is expected to achieve an annual output value of 3.4 billion yuan, providing strong support for the development of Kaiping's next-generation electronic industry and accelerating the construction of a modern industrial ecosystem.
Kaiping Elec & Eltek Co., Ltd., which is under Elec & Eltek International Holdings Limited, is a subsidiary of Kingboard Group and is a high-tech enterprise focusing on manufacturing high-density interconnect (HDI) boards and multi-layer printed circuit boards (PCBs). It is one of the world's largest manufacturers of high-precision interconnect printed circuit boards. The Elec & Eltek 5G communication capacity expansion initiative, which was an approximately 2.002 billion yuan investment project, began its operation in August 2023. Focusing on digitalization and intelligent enhancement, Kaiping Elec & Eltek Co., Ltd. continues to strive for quality improvement and production excellence in the new industrial era.
Over the past 30 years, Elec & Eltek has been deeply engaged in the field of high-density interconnect (HDI) boards and multi-layer printed circuit boards (PCBs). With advanced technology and equipment, comprehensive production processes, and a professional R&D team, Elec & Eltek's printed circuit boards have gained worldwide recognition in the global PCB industry. More than 70% of its products are sold globally and are widely used in automotive, communication equipment, medical devices, and industrial automation control sectors.
Image and article source: Nanfang Daily
Translated from Chinese to English by Kingboard
