Leading e-cigarette brand, Geekvape has injected funds valued worth several billion yuan in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) with support from the Shenzhen Municipal Government.
With this investment, Geekvape is focusing on developing a modern industrial estate for smart manufacturing processes over the next two years.
Notably, the latest investment forms part of the nation’s growth strategy that focuses on helping clients globally and addressing their need to accelerate production capacity.
After the park’s construction, Geekvape is focusing on speeding up its shift to advanced intelligent manufacturing through constant investment in technological innovations and driving the industry standards consequently.
Founded in 2015, Geekvape has emerged as a prominent vapor brand worldwide owing to its superior-quality products and services. Through the investment made in a modern industrial park, Geekvape is focusing on smart manufacturing practices and carrying out R&D to develop a 10-billion yuan e-cigarette market landscape, exceeding the industry’s total average output value.
Seemingly, the vast ecosystem builds the stage for the firm to develop a strong presence in the global electronic vaping device industry.
Allen Yang, CEO at Geekvape, was reportedly quoted stating that the company is committed to enhancing human wellbeing and community enhancement.
Along with benefiting from the ideal geographical, economic, and business environment in the Greater Bay Area, Geekvape is seeking to expand its global footprint by serving customers in more than 70 nations and regions with improved products and services, Mr. Yang mentioned.
The latest investment makes Geekvape the first entity in the industry to develop a modular intelligent production unit and enhanced the conventional production processes.
By using a combination of connected smart production platforms, big data, and IoT, the company will focus on enhancing the quality of the products and services powered by fully intelligent management of R&D, product design, manufacturing, sales, packaging, and also after-sales services.
Source Credit: http://www.koreaherald.com/view.php?ud=20210830000672