Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), the nation’s largest civilian and military aircraft manufacturer, plans to invest NT$1.33 billion (US$42.22 million) to build a new aero-engine casing plant to cope with rising demand for new-generation and “green” aero-engines.
The company held a groundbreaking ceremony for the capacity expansion project in Kaohsiung’s Gangshan District (岡山) yesterday.
Construction may be completed by the end of this year, with the plant starting mass production in the second quarter of next year.
The plant, the company’s third, is to make next-generation aero-engine casing products, supplying the Rolls-Royce Trent XWB, or extra-wide-body, aircraft engine model, which may provide high added value to the company, AIDC said in a statement after the ceremony.
“The output value of the plant may reach more than NT$2 billion annually,” the statement said.
The launch of the third aircraft engine casing plant would help complete AIDC’s product line in the casing sector, with the company aiming to integrate upstream and downstream suppliers to construct a full-service aero-engine supply chain to boost the nation’s competitiveness in the aircraft manufacturing industry.
AIDC said in November last year that it is considering doubling its capital expenditure for this year from its original plan of NT$2.4 billion due to greater-than-expected replacement demand from airlines.
AIDC posted consolidated sales of NT$2.27 billion last month, up 5.79 percent from a year earlier, according to its stock exchange filing data. For the whole of last year, the company saw consolidated revenue increase 7.96 percent from the previous year to NT$24.92 billion.
The firm’s shares dropped 0.27 percent to close at NT$36.45 on the local bourse yesterday, compared with the TAIEX’s 0.36 percent rise, statistics showed.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Pegatron Corp (和碩), an iPhone assembler for Apple Inc, is to spend NT$5.64 billion (US$186.82 million) to acquire HTC Corp’s (宏達電) factories in Taoyuan and invest NT$578.57 million in its India subsidiary to expand manufacturing capacity, after its board approved the plans on Wednesday. The Taoyuan factories would expand production of consumer electronics, and communication and computing devices, while the India investment would boost production of communications devices and possibly automotive electronics later, a Pegatron official told the Taipei Times by telephone yesterday. Pegatron expects to complete the Taoyuan factory transaction in the third quarter, said the official, who declined to be
RSS