CCSC Technology International Holdings to Advance Construction of New Supply Chain Management Center in Central Europe
Rhea-AI Summary
CCSC Technology (Nasdaq: CCTG) announced that its Serbian subsidiary signed a design and build MOU with Konstruktor Group to advance construction of a new European supply chain management center in Merosina, Serbia. The partnership contemplates a turnkey design and construction engagement to support CCSC’s logistics and manufacturing infrastructure in Central Europe. The company said the collaboration will enable moving forward with design and construction phases, with construction estimated to begin in November 2025. Management expects the center to enhance operational efficiency and serve as a logistics and manufacturing hub for the company’s European presence.
Positive
- Construction estimated to begin in November 2025
- Konstruktor Group to provide turnkey design and construction
- Project aims to strengthen logistics and manufacturing infrastructure in Central Europe
Negative
- Current arrangement is an MOU; no binding construction contract disclosed
- No financial terms or project cost estimates disclosed
News Market Reaction
On the day this news was published, CCTG declined 32.91%, reflecting a significant negative market reaction. Argus tracked a peak move of +23.8% during that session. Argus tracked a trough of -49.5% from its starting point during tracking. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $29M from the company's valuation, bringing the market cap to $60M at that time. Trading volume was exceptionally heavy at 8.9x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
HONG KONG, Oct. 09, 2025 (GLOBE NEWSWIRE) -- CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced that its Serbian subsidiary, CCSC Technology Doo Beograd (“CCSC Technology Serbia”), has entered into a design and build memorandum of understanding (the “MOU”) with KONSTRUKTOR KONSALTING DOO BEOGRAD (“Konstruktor Group”), a construction company based in Serbia. This partnership is expected to advance CCSC’s construction of a new European supply chain management center in the Municipality of Merosina, Republic of Serbia, in order to strengthen the Company’s logistics and manufacturing infrastructure in Central Europe.
Pursuant to the MOU, CCSC Technology Serbia intends to engage Konstruktor Group to design and carry out work related to the construction of the Company’s supply chain management center. Konstruktor Group is willing to design and construct the facility on a turnkey basis.
The collaboration is expected to further implement the Company’s previously announced plan to establish its European supply chain management center in Merosina, Serbia. Partnering with Konstruktor Group is anticipated to translate this plan into action, as it will enable the Company to move forward with the design and construction phases of the facility. The construction is estimated to begin in November 2025.
Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, “Our partnership with Konstruktor Group marks an important step in realizing our vision of building a state-of-the-art supply chain management center in Serbia. We believe that this collaboration may help us accelerate the construction timeline, while integrating quality and efficiency. Once completed, the center is expected to enhance the Company’s operational efficiency and serve as a significant logistics and manufacturing hub supporting its growing presence in the European market. This project underscores our long-term commitment to enhancing our global operations and to positioning CCSC as a strong and agile partner in the interconnect products industry.”
About CCSC Technology International Holdings Limited
CCSC Technology International Holdings Limited, is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both OEM (“Original Equipment Manufacturer”) and ODM (“Original Design Manufacturer”) models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company’s website: http://ir.ccsc-interconnect.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statements and other filings with the United States Securities and Exchange Commission.
For more information, please contact:
CCSC Technology International Holdings Limited
Investor Relations Department
Email: ir@ccsc-interconnect.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
What did CCSC (CCTG) announce on October 9, 2025 about a European facility?
When is construction of CCSC's European supply chain center (CCTG) expected to start?
Who will design and construct CCSC's new supply chain center in Serbia (CCTG)?
Will the CCSC (CCTG) announcement include project costs or financial terms?
How will the new Merosina center affect CCSC's operations (CCTG)?
