• $3M investment in Thailand manufacturing expansion
• New factory to add 4,000 sqm of space
• Supports growth in HTS business and data center market
• Expected completion by July 2027
• Funded from existing cash reserves

Adrad Holdings Ltd has approved a $3 million expansion at its Thailand manufacturing operations. This expansion involves constructing a second factory adjacent to the existing facility, adding approximately 4,000 square meters of manufacturing space. The new factory will be built on land owned by Adrad, with construction expected to start in July 2026 and the building shell completed by July 2027. This expansion is intended to support increasing demand across Adrad's Heat Transfer Solutions (HTS) business and provide additional capacity for future growth, particularly in the rapidly expanding data center market, coil products across Asia, future aluminum manufacturing, and mining sector cooling applications. The expansion will also enable Adrad to consolidate certain Thailand operations into its owned site, improving operational efficiencies and reducing administrative complexity.