Schmid Group to nearly double China manufacturing capacity with €11M campus investment
SHMD has more than doubled off its 52-week low of $2.
Summary
SCHMID Group announced an agreement for a new €11 million manufacturing campus in China, which is expected to nearly double its current China manufacturing capacity. This strategic investment supports future growth and follows a major order for its production equipment in March. The company anticipates operations at the new facility to commence by mid-2027. This expansion is a concrete step towards scaling operations and meeting demand, building on recent balance sheet strengthening efforts.
At the time of this announcement, SHMD was trading at $5.32 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $364.5M. The 52-week trading range was $2.00 to $10.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.