Helped by iPhone popularity, Multiplas plans new factory

By Steve Toloken
Staff Reporter / Asia Bureau Chief

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
Staff Reporter / Asia Bureau Chief

Published: September 26, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

One51 adding injection molder Straight to its bin molding portfolio

July 29, 2014 10:12 am ET

Dublin-based One51 plc has had its purchase of British trash bin maker Straight plc cleared by the United Kingdom's Competition and Markets Authority.    More

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Columbine Plastics moving to new Colorado site

July 25, 2014 11:38 am ET

Custom injection molder Columbine Plastics Corp. plans to move from Boulder, Colo., to the Colorado Technical Center in Louisville, Colo.    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Chinese auto suppliers growing in US

July 24, 2014 4:17 pm ET

Two China-based automotive suppliers are expanding in the U.S., according to information released by the Michigan Economic Development Corp.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events