# Ruking Technologies to build first overseas plant in Thailand

Ruking Technologies plans to build its first overseas factory in Thailand, with a first phase costing CNY226 million (USD31.2 million). The plant will produce two million variable-frequency drives and system controllers per year, with construction expected to be completed in 12 months.

- Type: New facility
- Announced: 2024-11-21
- Where: Thailand, Thailand
- Value: $31.2M (226.0M CNY)
- Status: announced
- Capacity: 2 million units per year
- Products: variable-frequency drives, system controllers
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Ruking Technologies](https://endata.com/companies/81206.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-hvacr-parts-maker-ruking-to-build-first-overseas-plant-in-thailand), 2024-11-21: "The first phase of the plant, which is expected to cost CNY226 million (USD31.2 million), will produce two million variable-frequency drives and system controllers per year once construction is completed in 12 months."

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