SHENZHEN -- The board of directors of Shennan Circuits has unanimously approved a major investment to build a printed circuit board fabrication facility in Thailand.

The company, through its subsidiary Oboten Co., plans to spend up to RMB1.27 billion ($178 million) toward the new site in the Rojana Industrial Park in Ayutthaya.

Shenzhen-headquartered Shennan was founded in 1984 and has manufacturing facilities in Shenzhen, Wuxi and Nantong, Jiangsu, China.

About 40% of Shennan's PCB revenue comes from customers outside China, a figure the company aims to increase.

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