Wedoany.com Report on Mar 19th, Recently, Zhejiang Rongtai from China announced an optimization and adjustment to its overseas investment project. The originally planned "Annual Production Project of 14,000 tons of Mica Paper, 4,500 tons of Mica Products, and 7 million sets of Robot Components" in Thailand has now been changed to "Annual Production Project of 14,000 tons of Insulation and Fireproof Materials and 4,500 tons of Deep-processed Products" and "Annual Production Project of 7 million sets of Industrial Lead Screws". The total investment amount has been adjusted to approximately $71.9 million, with the industrial lead screw project accounting for about $38.9 million, and it is expected to commence production by the end of 2026.
Zhejiang Rongtai is a company specializing in new energy mica composite materials. Its products cover mica hard materials, flexible materials, heating components, etc., and are widely used in fields such as new energy vehicles and rail transit. Leveraging accumulated precision processing technology, the company has expanded its business into key precision structural components for robots and has established cooperative relationships with international manufacturers like Tesla and Volvo. According to Frost & Sullivan data, in 2024, Zhejiang Rongtai held a 22.6% share in the global new energy mica products market, ranking first.
In the field of robotics and precision manufacturing, Zhejiang Rongtai has collaborated with leading global humanoid robot manufacturers and continues to advance product development. To strengthen its layout, the company initiated a controlling stake acquisition of Diz Precision in 2025. Diz Precision specializes in transmission products like ball screws, which can synergistically enhance the capabilities of the industrial chain. Financially, Zhejiang Rongtai has shown stable performance, with both revenue and net profit maintaining growth from 2023 to the first nine months of 2025.
Industrial lead screws, as core components of robots, are experiencing sustained growth in market demand. This project adjustment by Zhejiang Rongtai aims to optimize the investment structure and focus on the high-end manufacturing sector to respond to industry technological iterations and localization trends. The company's capital operations include its listing on the Shanghai Stock Exchange in 2023 and submitting a prospectus to the Hong Kong Stock Exchange in 2026, further expanding its international layout.
