Good news ：Waexim won strategic investment from listed company!

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Source: | Author:Winnie | Published time: 2023-11-04 | 211 Views | Share:

Xiamen Voke Mold & Plastic Engineering Co.,Ltd. specialises in the research and development, design, manufacture and sales of precision injection moulds, and has expanded into the production and sales of injection moulded parts and health products, becoming a "mould-plastic integrated" scale production enterprise, committed to providing products and services of high quality to manufacturers of automotive, medical, electronic and industrial products. Through years of production practice, the Company has mastered the core key technologies of design and manufacturing of precision injection mould as well as injection moulding, and has accumulated rich practical experience in production, while the Company provides product solutions and final products directly or indirectly to customers of global top 500 companies.

In order to better integrate industrial development resources and achieve win-win development, VOKE invested strategically in Waexim, accounting for 30% of the registered capital of Waexim after capital increase.

Signing ceremony

President of both parties sign the agreement

Strategic investment was accelerated to implement the strategic layout.

consolidate and improve market share.

Jiashui Lan, president of Waexim, said: We are very happy to cooperate with VOKE ,win-win co-operation will help Waexim achieve the established five five-year plans covering product upgrading, business model upgrading, business field upgrading, intelligent manufacturing and digital upgrading, and multi-factory strategy in 2025 as scheduled, and ensure the realization of the ten-year plan in the next five years.Waexim's ten-year strategy is to consolidate traditional vehicles, develop new energy, and seize hydrogen energy.

Waexim has made good achievements in the field of new energy vehicles, leading the way in the three-in-one electric drive sealing solutions, and the sealing ring of 1 electric drive is provided by Waexim in the 10 electric vehicles running on the road in China.

After obtaining strategic investment, Waexim will insert its wings to fly, and will set up a second manufacturing center in Suzhou in April 2024 and a branch in Germany in the second half of 2024, to meet the strategic collaboration and market layout needs of core customers, seeking to complete major breakthroughs on the hydrogen energy .Waexims medium-term goal is to achieve more than 30% of the domestic market share of new energy electric drive sealing by 2030, benchmark the European industry, and strive to become a hidden champion in the field of liquid silicone at home and abroad!