Sannoh-KY (6671), Asia’s largest bakery appliance manufacturer, announced on the 14th that it has opened a new plant in Indonesia. CEO Xiao Kaifeng said that the new plant will become the production base of Sanneng Group in Southeast Asia, further expanding the production scale, integrating the efficiency of the upstream and downstream supply chains, and meeting the growing market demand in Southeast Asia.
Xiao Kaifeng said that the plant has initially completed the trial production stage, and is expected to be fully put into operation from the second half of the year, and the first batch of products will be supplied to the Indonesian market, and gradually exported to other countries in Southeast Asia, as well as sold back to the group’s subsidiaries to improve product competitiveness.
Sanneng’s consolidated revenue in March was 196 million yuan, a monthly increase of 77.4 %、年增15.5%; The cumulative consolidated revenue in the first quarter was 436 million yuan, an increase of 0.8% year-on-year, the second highest in the same period in history. In view of the recent market of the new U.S. reciprocal tariff policy, Sanneng emphasized that the company’s products are mainly sold in the domestic market, and the proportion of exports to Europe and the United States is less than 3%, and the impact is very small.
The legal person pointed out that the market has a strong wait-and-see atmosphere recently, and it is expected that the operation of Sanneng in the second quarter will be about the same as that in the first quarter; With the commissioning of the new plant in Indonesia, it is expected to increase quarter by quarter in the second half of the year. The Southeast Asian market accounted for about 8% of the overall revenue last year, and it is expected to exceed more than 10% this year, of which the revenue of the Indonesian market has doubled.
Sanneng Group is optimistic about the growth trend of the Southeast Asian market for the future growth of baking utensils, and set up a sales company “Indonesia Sanneng” in Jakarta, Indonesia in 2015 to directly enter the Southeast Asian market on behalf of Sanneng Group.
After the gradual growth of the operation of Indonesia Sanneng Company, in response to the business needs of Indonesia and Southeast Asia, it decided to expand the production demand in Indonesia in 2024, first establishing the third production base of the group by leasing land and building factories, and then establishing Indonesia Sanneng Industrial Company.
Siew said that the opening of the new factory in Solo, Central Java, will serve as a production base for Sanneng Group in Southeast Asia, further expanding its production scale, integrating upstream and downstream supply chain efficiency, and meeting the growing market demand in Southeast Asia. The new plant will be equipped with an automated production line, including stamping equipment and non-stick surface treatment equipment, which will greatly improve production efficiency and quality stability. Sanneng attaches great importance to technology research and development, and will leverage the successful production technology experience in Taiwan and Chinese mainland to this new factory, continuously develop new technologies and processes more suitable for the Indonesian and Southeast Asian markets, and strive to produce better and more innovative products to provide customers in Southeast Asia.
Sanneng attaches great importance to technology research and development, and will leverage the successful production technology experience in Taiwan and Chinese mainland to this new factory, continuously develop new technologies and processes more suitable for the Indonesian and Southeast Asian markets, and strive to produce better and more innovative products to provide customers in Southeast Asia.
