# 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.

- Type: New facility
- Announced: 2025-12-09
- Where: Planá, near Mariánské Lázně, Czechia
- Value: $83.3M (2.00B CZK)
- Jobs: 200
- Starts operating: Q2 2026
- Status: announced
- Capacity: 8,000 tonnes per year initially, 20,000 tonnes per year at full capacity
- Products: magnetic wires, continuously transposed conductors (CTC), enamelled wires
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Gold Cup Electric Apparatus Co., Ltd.](https://endata.com/companies/89027.md)

## Sources

- [oenergetice.cz](https://oenergetice.cz/en/power-engineering/chinese-magnetic-wire-maker-gold-cup-electric-to-invest-czk-2bn-in-czechias-plana), 2025-12-09: "Production is scheduled to start in the second quarter of 2026, with an initial capacity of approximately 8,000 tonnes."
- [czechinvest.gov.cz](https://czechinvest.gov.cz/en/Homepage/News/December-2025/Chinese-company-Gold-Cup-begins-European-expansion,-will-establish-a-magnetic-conductor-factory-in-C), 2026-01-20: "The Chinese company Gold Cup Electric Apparatus Co., Ltd., one of the worlds leading manufacturers of magnetic conductors, will establish its first European manufacturing plant in Czechia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.