Taiwan Watch Technology, which continues to expand its production capacity, announced on the 17th that it will invest US$15 million in new production capacity in Vietnam. This is also the new production line that Taiwan Watch Technology has developed and set up overseas after India. It is mainly to meet the needs of customers. The production capacity of new factories in Vietnam is expected to be opened in 2023.
Taiwan Watch Technology's full-year revenue in 2022 will reach a record high of 68.455 billion yuan (NT$, the same below), an annual increase of 4.16%. The company also plans to add new overseas factories in Mexico and Vietnam to meet customer needs.
Taiwan Watch's production lines currently have 220 SMT lines, located in Taiwan, Dongguan, Suzhou, Ningbo, Xiamen, Xianyang, Hefei, Chongqing, Chengdu and India. In 2023, it is estimated that factories in Henan Province, Vietnam and Monterrey, Mexico will be built, and the total production lines will be expanded to 230.
TFT-LCD's service product applications include TFT-LCD accounting for 45%, MiniLED related products accounting for 30%, and other products accounting for 25%. Taiwan Watch Division's revenue in the first three quarters of 2022 was 50.886 billion yuan, with a gross profit margin of 12.71% and an after-tax net profit of 31.2200 million yuan, with net profit per share of 10.56 yuan.
In terms of moving the production lines of Taiwanese EMS, Hon Hai is also actively building new production capacity in Vietnam and recently acquired production land in Vietnam with an investment of approximately 1.9 billion yuan. (Source: MoneyDJ)
ANNA