AIA Engineering Limited — Important, 16-01-2025: Capacity addition

Vega Industries (Middle East) FZC, a wholly-owned subsidiary of AlA Engineering Limited, is set to establish manufacturing facilities in China and Ghana for Hi-Chrome Grinding Media using advanced technology. This strategic move aims to alleviate logistics and supply chain challenges, enhancing market access, product availability, and reducing costs for customers. The proposed capacity addition is 100,000 MTPA across both locations, expected to be completed in a phased manner over the next three years, with an investment of approximately USD 50 million funded through internal accruals. Additionally, Vega is exploring potential sites in Indonesia and other regions for similar facilities. This expansion reflects a positive outlook for AlA Engineering, potentially enhancing its competitive position in the market.