Blerite Plans to Invest 1 Billion Yuan in Metal Additive Manufacturing High-End Industrial Base Project

36Kr reports that Blerite announced plans to sign an Investment Intent Letter with the Management Committee of the Taicang High-tech Industrial Development Zone, Jiangsu Province. The company intends to establish a wholly-owned subsidiary in the Taicang High-tech Zone to invest approximately 1 billion yuan in building a metal additive manufacturing high-end industrial base. The project will acquire about 100 mu of land and construct facilities including an equipment workshop for metal additive manufacturing and a high-precision product printing workshop, with a total construction area of approximately 104,000 square meters over a cycle of about 24 months. Funding will come from own funds and bank loans, not raised capital. The investment has been approved by the board of directors and does not require shareholder meeting approval.