(Yicai Global) July 24 -- Goldenmax International Technology has resumed construction of a production line as it looks to make more copper clad laminates to meet demand in the reinvigorated electronics industry.

The new production line will increase the firm's capacity to make the printed circuit board substrates by 2.4 million pieces a year, Goldenmax said in a statement yesterday, without disclosing further details about construction. The Shanghai-based firm already produces around 15 million units a year at its factory in Zhejiang province.

The circuit board sector has seen accelerated growth since the start of this year, the statement added, saying the new production line will help enrich the firm's product range and that its increased mid- and high-end laminate production will make it more competitive.

Goldenmax's factory was producing 10.2 million units a year when it entered operation in 2014. It decided to invest CNY110 million (USD16 million) to ramp up production by 6.6 million pieces the following year.

Original designs were for the first of two production lines to make 4.2 million pieces annually, but when the firm was able to produce 4.6 million a year using just the first line, Goldenmax shelved construction of the second.

Editor: James Boynton