(Yicai) Sept. 15 -- Chinese computer products and printed circuit boards provider Founder Technology Group said it will invest CNY943 million (USD129.6 million) to build a smart manufacturing plant in Thailand.

Founder will buy an 81,335-square-meter land in the Rojana Industrial Park in the Thai province of Prachinburi to establish a local unit that will be responsible for the construction of the plant, the Shanghai-based company announced yesterday.

The plant will mainly produce high multi-layer boards and high-density interconnect boards to meet the demand of switches, servers, optical modules, automotive electronics, and consumer electronics, Founder added.

The project will help Founder improve its business positioning overseas and build up overseas capacities of supplying products to meet the demand of foreign clients, the firm noted.

Founder logged nearly CNY1.5 billion (USD209.3 million) in operating revenue in the first half of the year, down 34 percent from a year earlier. It achieved a net profit of CNY48 million (USD6.7 million) in the six months ended June 30, versus a net loss of CNY225 million in the same period last year.

Founder’s shares [SHA: 600601] were trading up 0.6 percent at CNY3.13 (44 US cents) as of today’s lunch break in Shanghai.

Editor: Futura Costaglione