Schmid Group plans €11 million China manufacturing campus in Guangdong

PUBT·06/09/2026 11:18:46

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Schmid Group signed a preliminary agreement to build a company-owned manufacturing campus in Zhongshan, Guangdong, consolidating two leased China sites.
Total investment for land, construction, and infrastructure is expected at about EUR 11 million.
New site is expected to nearly double effective China manufacturing capacity, supporting annual revenue above current local capacity.
Project financing is expected to come mainly from local Chinese bank loans on partially subsidized terms, secured primarily by project assets.
Construction is expected to start after final land transfer and permits; operations are targeted to begin around mid-2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schmid Group NV published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606090718PRIMZONEFULLFEED1001186714) on June 09, 2026, and is solely responsible for the information contained therein.

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