Gold Cup Electric to build first European plant in Planá, Czechia

Gold Cup Electric Apparatus Co., Ltd. will build its first European production plant in Planá, Czechia, investing over CZK 2 billion. Production is scheduled to start in Q2 2026, with initial capacity of 8,000 tonnes and eventual 20,000 tonnes, employing 200 people.

“Production is scheduled to start in the second quarter of 2026, with an initial capacity of approximately 8,000 tonnes.”oenergetice.cz

• 2 sources
• oenergetice.czChinese magnetic wire maker Gold Cup Electric to invest CZK 2bn in Czechia's PlanáoEnergetice.cz, ČTKDec 9, 2025
• czechinvest.gov.czInvestment and Business Development Agency - CzechInvestCzechinvestJan 20, 2026

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