{"id":54253,"date":"2024-09-20T08:00:00","date_gmt":"2024-09-20T06:00:00","guid":{"rendered":"https:\/\/www.expo21xx.com\/news\/?p=54253"},"modified":"2024-10-01T10:57:52","modified_gmt":"2024-10-01T08:57:52","slug":"hangcha-group-plans-a-manufacturing-base-in-thailand","status":"publish","type":"post","link":"https:\/\/www.expo21xx.com\/news\/hangcha-group-plans-a-manufacturing-base-in-thailand\/","title":{"rendered":"Hangcha Group Plans a Manufacturing Base in Thailand"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Hangcha Group is planning to establish a subsidiary in Thailand, provisionally named Hangcha Group Thailand Manufacturing Co., Ltd., with a registered capital of $20 million. This wholly-owned subsidiary will focus on manufacturing and selling forklifts and aerial work platforms, as well as assembling and distributing lithium batteries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, it will invest in production workshops and office buildings, with an initial planned annual production capacity of 10,000 units, including counterbalance forklifts, scissor lifts, and boom lifts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a leading forklift manufacturer in China, Hangcha&#8217;s export revenue has steadily increased, consistently ranking among the top in the industry for over a decade in terms of both export volume and revenue. In 2023, the export revenue reached 6.54 billion yuan (about $928 million), a year-on-year growth of 29.72%. The share of export revenue rose from 34% the previous year to 40% in 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Currently,&nbsp;Hangcha has 10 subsidiaries and a sales network spanning Europe, North America, South America, Australia, and Southeast Asia.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"453\" src=\"https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-700x453.png\" alt=\"\" class=\"wp-image-54254\" srcset=\"https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-700x453.png 700w, https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-350x226.png 350w, https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-149x96.png 149w, https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-768x497.png 768w, https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-1536x994.png 1536w, https:\/\/www.expo21xx.com\/news\/wp-content\/uploads\/hangcha-2048x1325.png 2048w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption class=\"wp-element-caption\">Photo by Zhejiang Hangcha Imp.&amp; Exp.Co.,Ltd<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Thailand is a key economy, offering a favorable location and investment environment for manufacturing growth. Hangcha&#8217;s manufacturing base in Thailand will reduce costs, improve supply chain efficiency, and enable faster responses to Southeast Asian market demands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more information, please visit: <a href=\"https:\/\/www.hangchaeurope.com\/news\/list\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.hangchaeurope.com\/news\/list<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hangcha Group is planning to establish a subsidiary in Thailand, provisionally named Hangcha Group Thailand Manufacturing Co., Ltd., with a registered capital of $20 million. This wholly-owned subsidiary will focus on manufacturing [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":54256,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[281,125,21,1982,1790,564,1960],"class_list":["post-54253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intralogistics","tag-forklift-trucks","tag-intralogistics-2","tag-material-handling","tag-order-pickers","tag-reach-trucks","tag-transport-technology","tag-trolleys"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hangcha Group Plans a Manufacturing Base in Thailand - EXPO21XX.com NEWS<\/title>\n<meta name=\"description\" content=\"Hangcha is going to establish a subsidiary in Thailand, provisionally named Hangcha Group Thailand Manufacturing Co., Ltd., with a capital of $20 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.expo21xx.com\/news\/hangcha-group-plans-a-manufacturing-base-in-thailand\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marcel Huegel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/hangcha-group-plans-a-manufacturing-base-in-thailand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/hangcha-group-plans-a-manufacturing-base-in-thailand\\\/\"},\"author\":{\"name\":\"Marcel Huegel\",\"@id\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/#\\\/schema\\\/person\\\/bd95c8756a923fd2192f30b343b9c719\"},\"headline\":\"Hangcha Group Plans a Manufacturing Base in Thailand\",\"datePublished\":\"2024-09-20T06:00:00+00:00\",\"dateModified\":\"2024-10-01T08:57:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/hangcha-group-plans-a-manufacturing-base-in-thailand\\\/\"},\"wordCount\":214,\"image\":{\"@id\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/hangcha-group-plans-a-manufacturing-base-in-thailand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/wp-content\\\/uploads\\\/hangcha-1.png\",\"keywords\":[\"forklift trucks\",\"intralogistics\",\"material handling\",\"Order Pickers\",\"reach trucks\",\"transport technology\",\"trolleys\"],\"articleSection\":[\"\u00bb Material Handling\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/hangcha-group-plans-a-manufacturing-base-in-thailand\\\/\",\"url\":\"https:\\\/\\\/www.expo21xx.com\\\/news\\\/hangcha-group-plans-a-manufacturing-base-in-thailand\\\/\",\"name\":\"Hangcha Group Plans a Manufacturing Base in Thailand - 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