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

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

African equity fund invests in Kenya's General Plastics

January 28, 2015 4:24 pm ET

An African investment fund specializing in agriculture has invested in Kenyan packaging firm General Plastics Ltd. to provide funds to expand in the...    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio...    More

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

Viking Plastics honored for employee relations

January 26, 2015 12:43 pm ET

Custom injection molder Viking Plastics has won DevelopErie’s 2014 Employer of the Year Award for manufacturing in the Erie, Pa., region.    More

Image

Continental builds low-emission interior trim factory in China

January 26, 2015 12:33 pm ET

Benecke-Kaliko AG is making the largest investment in its history to build an environmentally friendly auto interior trim plant in China, prompted by ...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

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

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events