Guangdong Forsberg Intelligent Equipment Co., Ltd. (hereinafter referred to as “Forsberg Asia”) plans to invest 500 million yuan to build an intelligent chemical plant for corrugated cardboard production line, which is mainly used for the production and research and development of corrugated equipment. The project covers an area of about 80 mu.

Guangdong Forsberg Intelligent Equipment Co., Ltd., founded in 2014, is a Sino Italian joint venture. It introduced the technology of European high-end corrugated board production line and landed in China to provide domestic high-end tile line products for customers in China and Asian industries. Its manufacturing base is located in Foshan, Guangdong Province. At present, Fosbury Asia has a plant area of about 17000 square meters, including an assembly and commissioning workshop of about 16000 square meters. Forsberg Asia’s products are large-scale equipment, and the production is affected by the site area; Due to the continuous growth of order demand, the existing workshop area is difficult to meet the company’s future development needs.

The period from 2018 to 2022 is the first five-year strategic plan of Fosbury Asia. During this period, the company’s technology and business developed rapidly. The products developed from the first localized Pro/Line in September 2019 to the localization of S/Line 370 in 2021. The compound growth rate of revenue from 2018 to 2021 exceeded 30%. In 2023, Fosbury Asia will usher in the company’s second five-year strategic plan and enter a new stage of development.

In order to improve the production capacity and achieve the company’s strategic planning objectives for the next five years, Fosbury Asia plans to invest 500 million yuan to build an intelligent chemical plant for the corrugated cardboard production line. The new factory is located in Foshan City, Guangdong Province, covering an area of about 80 mu, of which 53% is used for production. It is expected that after the completion of the new factory, the production capacity of Fosbury Asia will be greatly improved, with advanced industrial scale and intelligent manufacturing standards, which can respond to customer needs and serve customers faster and better.

As an important manufacturing base in China, Foshan has a strong industrial foundation and economic strength. The completion of the new factory will help Fosbury Asia to improve its production capacity, lay a solid foundation for future business development, and help Fosbury Asia to achieve long-term, stable and sustainable development. As an expert in the corrugated board production line, Fosbury Asia will make full use of the regional advantages of Foshan to achieve coordinated and complementary development, promote the transformation of the entire industry with its own transformation and upgrading, and promote the high-end, green, intelligent and integrated development of the industry.