Innotek Limited (SGX:M14
) announced that it has incorporated a new wholly-owned subsidiary in Thailand, Mansfield Technology Thailand Co Ltd, in May with a total paid up capital of THB100 million ($3.9 million).
Located at Amata City Industrial Estate, Chonburi, Thailand, the new facility owned by the subsidiary will commence operations from August and will house dedicated precision CNC machining capabilities focused on the production of liquid cooling components.
“It will complement the group's existing Rayong facility, which is undergoing a major 15,772 sqm extension and expected to be operational in 3QFY2026,” Innotek adds.
Beyond liquid cooling applications, Innotek expects the advanced precision CNC machining capabilities being developed at Mansfield Technology Thailand to enhance its ability to participate in future opportunities ranging from robotics, humanoid technologies, to other next-generation automation applications.
At the same time, Innotek managed to secured its first project in supplying of liquid cooling components to an established customer in the industry. Subject to customer qualification and project milestones, mass production is expected to commence progressively from October, with manufacturing to be undertaken at the new facility in Thailand.
Capital expenditure for the above project is expected to be around $7.5 million, which the bulk of it goes toward acquisition of advanced CNC machining equipment, automation systems, quality assurance infrastructure, and related operational capabilities.
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“Demand for thermal management solutions continues to grow alongside global investments in AI data centres and high-performance computing. We are pleased to have secured an initial project with an established customer in this space, and we look forward to production ramp-up over the coming months,” says Lou Yiliang, executive director and CEO of Innotek.
As at 9.15am, shares of Innotek are trading 6.5 cents higher, or 10.2% up at 70 cents.
