Geekvape invests several billion yuan to build an intelligent manufacturing industrial park in China's Greater Bay Area
PR91375
SHENZHEN, China, Aug. 30, 2021 /PRNewswire=KYODO JBN/ --
Chinese e-cigarette brand Geekvape announced a new investment valued at several
billion yuan in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) with the
support of the Shenzhen Municipal Government. The new investment is part of the
company's long-term growth strategy with a focus on helping customers worldwide
address their needs for increased production capacity. Geekvape plans to build
a modern industrial park for intelligent manufacturing over the next two years.
With the construction of the park, Geekvape aims to accelerate its transition
to high-end intelligent manufacturing with continuous investment in
technological innovations and ultimately take the industry to the next level.
Since its inception in 2015, the vapor brand has been recognized worldwide for
its high-quality products and services. With the investment in an advanced
industrial park, Geekvape plans to continue focusing on intelligent
manufacturing and basic R&D with the aim of creating a 10-billion-yuan
e-cigarette industry ecosystem, far exceeding the industry's average output
value. The huge ecosystem sets the stage for the company to build a strong
presence in the global electronic vaping device market.
Through the investment, Geekvape becomes the first company in the industry to
build modular intelligent manufacturing facilities and transform traditional
manufacturing processes. By leveraging the combination of a connected
intelligent manufacturing platform, Internet of Things (IoT) technology and big
data, the firm will further improve product quality and services backed by
fully intelligent management of product design, R&D, production, packaging,
sales and after-sales businesses.
Geekvape chief executive Allen Yang said, "Geekvape has always been committed
to helping improve human wellbeing and community development. Benefiting from
the ideal economic, geographical and business conditions in the GBA, in tandem
with the momentum in the intelligent manufacturing sector, we will build on our
presence in the area to expand globally. Geekvape will provide our customers
across over 70 countries and regions with better products and services enhanced
by intelligent manufacturing and innovative technologies."
SOURCE Geekvape
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Caption: Geekvape attends the signing ceremony for the intelligent manufacturing
industrial park in GBA
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