- Graphjet Technology (GTI, Financial) to increase production capacity sevenfold with new machinery.
- Enhanced equipment set to improve graphite quality for the EV battery and semiconductor industries.
- Company begins generating revenue from product sales, marking a new growth phase.
Graphjet Technology (GTI), a leader in sustainable graphite and graphene production, has announced that new manufacturing equipment is expected to arrive at its Malaysian facility by the end of this week. The introduction of this equipment is anticipated to ramp up production capacity by seven times the current level, a significant step in the company's growth strategy.
The newly acquired machinery boasts advanced specifications aimed at enhancing the quality of graphite. This upgrade meets the stringent requirements of critical industries such as electric vehicle (EV) batteries and semiconductors. The expansion not only boosts production volume but also positions Graphjet to better meet growing customer demand.
CEO Chris Lai stated that the company has already started generating revenue from its product sales, underscoring the importance of this expansion in fulfilling market demand for eco-friendly graphite solutions. The enhancements are part of Graphjet's broader strategy to leverage its patented technology, which converts agricultural waste into high-quality graphene and graphite, aligning with global sustainability trends.
