Axxon Mycronic groundbreaking ceremony in Shenzhen, China

This marks that the division will build an industrial park on its self-owned land with an annual production capacity of up to 15,000 units in the future to support higher profitable growth and longer-term goals ahead.
The new building is named Maixin Building (迈心大厦), combining the first Chinese character "Mai" from Mycronic and the second character "Xin" from Axxon Automation.

"Mai" stands for vision and ambition, while "Xin" symbolizes dedication and competitiveness. Together, the two characters embody the core philosophy of sustainable and synergistic growth.

“This project represents much more than a new building. It represents our confidence in the future, our commitment to innovation, and our belief in the continued growth of China's advanced manufacturing industry” said Anders Lindqvist, President and CEO of Mycronic. 

“This site will serve as the brand-new R&D and manufacturing headquarters of the High Volume Division, housing a high-precision, intelligent advanced equipment manufacturing center with a total construction area of 85,000 square meters.” said Ivan Li, Sr VP of High Volume. “By focusing on innovation, we will sustainably support the development of the global high-end manufacturing industry.”

The new green field campus is scheduled for completion by the end of 2028.