Helped by iPhone popularity, Multiplas plans new factory

By Steve Toloken
News Editor / International

Published: September 26, 2012 6:00 am ET

Related to this story

Topics Consumer Products Injection Molding Machinery
Companies & Associations

TAIPEI, TAIWAN (Sept. 26, 2:50 p.m. ET) — Seeing strong growth in the smartphone market, including from the Apple iPhone, Taiwanese molding machine manufacturer Multiplas Enginery Co. Ltd. plans to build a factory campus that will initially double its production.

The company, based in Taoyuan City, supplies equipment to the companies in mainland China and Taiwan that manufacture the iPhone.

Multiplas has benefited significantly from the success of that product, said David Chang, vice general manager.

“For Multiplas, this year has been extremely good,” Chang said in an interview at the company’s booth at Taipei Plas, held Sept. 21-25.

Chang said details of the expansion are still being worked out, but the company has bought 7½ acres of land in Taoyuan — eight times larger than the land area of its current factory — and plans to move into the first phase of the new facility in early 2014.

Investment in the factory ultimately could total US$45 million, Chang said.

The firm plans to add about 100 employees in the first phase of the expansion, on top of its existing workforce of 150.

While Taiwan’s plastics equipment industry as a whole is projecting only sluggish sales this year, Multiplas said its 2012 revenues are on pace to set a record.

General Manager David Wu said Multiplas’ growth reflects the general trend of the Taiwanese industry, with the smartphone sector doing reasonably well, while other markets, such as home appliances and laptop computers, are proving to be more difficult.


Comments

Helped by iPhone popularity, Multiplas plans new factory

By Steve Toloken
News Editor / International

Published: September 26, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Economic déjà vu: strong spring growth expected after a rough winter

April 15, 2015 2:03 pm ET

The long, harsh winter is finally over, and the first quarter of the calendar is history. So now is an appropriate time to review the emerging trends ...    More

Image

Inteplast buys Canadian film maker Haremar, bag maker El-En

April 13, 2015 4:29 pm ET

Inteplast Group has increased its business in Canada with the acquisition of a specialty polyethylene blown film coextruder.    More

Image

Rubber molder digging up more business with addition of injection molding

April 10, 2015 9:20 am ET

Jefferson Rubber Works Inc. got a taste of the plastics industry in 2014 and sees bigger things on the horizon.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events