AUSTRALIAN food processing company Vos Industries has announced plans to manufacture its revolutionary automatic frying machine in Guangzhou next year. Hong Kong company Sanfaith Industrial, which has the licence for Hong Kong, Macau, China and Taiwan, will begin production of the fryer - aimed at commercial users such as fast-food restaurants - later this year. Vos has decided to manufacture in China due to strong interest for the product in the region. ''We have been getting so many enquiries from out of Southeast Asia that it has forced us to come up here,'' said Richard Poole, its managing director. ''Demand is strong and we plan to meet it by manufacturing in the region,'' he said. Sanfaith expects to invest HK$5 million to set up production in a joint venture with Chinese white goods manufacturer Wanbao Electrical. The initial production run is expected to be 500 units worth US$4 million, increasing to 4,000 units per year by 1997. Vos has already sold some units in Hong Kong and Shenzhen and orders in Japan total more than 50 units through distributor C.Itoh. Vos Industries was listed on the Australian Stock Exchange in December last year and is considering a share issue in Hong Kong. Its current market capitalisation is around A$40 million (about HK$215.6 million). ''We feel that now may be the time to raise capital in Hong Kong,'' said Mr Poole. ''The sort of capital we require is not readily available in Australia. We have plans to diversify Vos Industries into a strong industrial company and we need financial depth to achieve some of those aims.'' On long term plans, he said: ''We would like to enter the US market. To do that we will require around US$30 million capital.'' The revolutionary fryer was developed in Australia by Peter Vos and works as a self-contained unit in which food is passed along a conveyor belt under a fine spray of oil. Vos is currently testing the cookers with major fast food chains in Australia.