DONGGUAN, CHINA – Shengyi Technology, the world's second-largest seller of copper clad laminate, will invest CNY1.4 billion ($196 million) to establish a new plant in Thailand to meet international clients' demand for the PCB component.

In a statement, Shengyi said it will purchase a piece of land in an industrial park in Chachoengsao province in south-central Thailand, but it did not disclose the planned annual capacity for the plant or the construction timetable.

Setting up the plant in the Southeast Asian country will help the company respond more flexibly to any possible adverse impacts of changes in the macro environment, industrial policies, and international trade, Shengyi said, adding that it still needs to gain approvals from Chinese and Thai authorities.