ASEAN Finance: Zhongjie Expands to 4 Bases, East Java Plant to Start Production by End of Year or Early 2027

Footwear manufacturer Zhongjie Investment Holdings stated at an investor conference today that its capital expenditure for this year is estimated to be between $20 million and $28 million. The focus for this year is the Indonesia plant; the East Java facility began construction in late October 2025 and is expected to start production by the end of this year or early 2027. Zhongjie indicated that it continues to develop its scale of operations, deepening its production layout across four major bases: China, Vietnam, India, and Indonesia. The Vietnam plant began production in Q3 2025, with an annual capacity of approximately 112,000 pairs of knitted uppers in 2025, and has been shipping small quantities of finished shoes since December 2025, with a gradual increase. The India plant produced about 600,000 pairs last year; with new clients, annual production is expected to reach 1.9 million pairs this year, with a full capacity of 2.1 million. Zhongjie stated that while Q2 orders are near capacity, the overall environment and consumer sentiment have made clients conservative, leaving the second-half order outlook unclear. The current strategy prioritizes maintaining capacity utilization, actively seeking new clients and orders, and striving to maintain revenue levels comparable to last year by 2026.