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

Sumitomo Bakelite buying injection molder Vaupell Holdings

April 24, 2014 7:37 pm ET

Private equity firm H.I.G. Capital LLC of Miami has entered into a definitive agreement to sell plastics processor Vaupell Holdings Inc. to Sumitomo...    More

Injection molder Precision Plastics adding space, presses in Indiana

April 24, 2014 2:54 pm ET

Custom injection molder Precision Plastics Inc. is expanding its Columbia City, Ind., operation.    More

Image

CPM Extrusion, ECON launch new line of underwater pelletizers

April 23, 2014 11:25 am ET

CPM Extrusion Group and ECON GmbH unveiled their brand new EUPC line of underwater pelletizers today at ChinaPlas held in Shanghai, China.    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Image

Unilever puts Dove brand on a MuCell diet

April 23, 2014 1:57 pm ET

New technology employed by Unilever NV in the manufacture of bottles for its Dove Body Wash range of products could end up saving the brand owner up t...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events