Sunjuice Holdings Co Ltd (鮮活果汁), a supplier of concentrated fruit juice, on Thursday said that its annual output would rise from 75,000 to 95,000 tonnes this year after two Chinese factories complete a capacity expansion in October.
As beverage business in China prospers and demand for juice grows, the company has been upgrading its production lines at its factories in Guangzhou and Tianjin, a company report said.
Output at the two facilities would increase 50 percent to 30,000 tonnes by October, it said, adding that a new automated storage and logistics center at its Kunshan factory started operations in the first half of the year, making it more efficient in meeting customers’ needs and reducing delivery times.
The firm on Thursday posted revenue of NT$1.73 billion (US$55.6 million) in the first six months of the year, up 5.79 percent from NT$1.63 billion a year earlier, thanks to more sales channels and a diversified product portfolio.
“Our market share is No. 1 in China and it is still growing as we develop high-quality drinks and products with higher margins,” Sunjuice said in a news release.
The company said it has been increasing its output of plant protein beverages, coffee extract, additives and flavored syrup, as their sales are not affected by seasonality.
Sunjuice sells its products to downstream local distributors, beverage chain stores and food processors such as 85°C (85度C), Happy Lemon (快樂檸檬), Gongcha (貢茶) and more than 700 Chinese brands, it said.
Concentrated juice remains the main growth driver, contributing 56 percent of sales in the first quarter, while fruit pulp made up 40 percent and fruit powder 4 percent, the company said.
Sunjuice shares closed up 0.5 percent at NT$199.5 in Taipei trading yesterday.
The shares have risen 41.99 percent this year.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
Apple Inc has been developing a homegrown chip to run artificial intelligence (AI) tools in data centers, although it is unclear if the semiconductor would ever be deployed, the Wall Street Journal reported on Monday. The effort would build on Apple’s previous efforts to make in-house chips, which run in its iPhones, Macs and other devices, according to the Journal, which cited unidentified people familiar with the matter. The server project is code-named ACDC (Apple Chips in Data Center) within the company, aiming to utilize Apple’s expertise in chip design for the company’s server infrastructure, the newspaper said. While this initiative has been
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that revenue would rise moderately in the second half of this year, driven primarily by robust demand for advanced wafers used in high-bandwidth memory (HBM) chips, a key component of artificial intelligence (AI) technology. “The first quarter is the lowest point of this cycle. The second half will be better than the first for the whole semiconductor industry and for GlobalWafers,” chairwoman Doris Hsu (徐秀蘭) said during an online investors’ conference. “HBM would definitely be the key growth driver in the second half,” Hsu said. “That is our big hope
The consumer price index (CPI) last month eased to 1.95 percent, below the central bank’s 2 percent target, as food and entertainment cost increases decelerated, helped by stable egg prices, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. The slowdown bucked predictions by policymakers and academics that inflationary pressures would build up following double-digit electricity rate hikes on April 1. “The latest CPI data came after the cost of eating out and rent grew moderately amid mixed international raw material prices,” DGBAS official Tsao Chih-hung (曹志弘) told a news conference in Taipei. The central bank in March raised interest rates by