Taiwan Sakura Corp (台灣櫻花) expects annual revenue to grow 5 to 8 percent year-on-year on the back of steady growth in kitchen appliance sales and has spent NT$418 million (US$13.22 million) on land in Taichung’s Wufeng District (霧峰) for a new manufacturing facility.
Investing up to NT$500 million in a new facility should resolve insufficient manufacturing space at its other Taichung plants, while increasing output to meet rising demand, the company said.
Taiwan Sakura operates three plants in the city’s Wufeng, Shengang (神岡) and Daya (大雅) districts. The Wufeng plant makes kitchen products, while the Shengang plant produces range hoods and the Daya plant manufactures water heaters and gas stoves.
The new Wufeng plant should be operational in two to three years, Taiwan Sakura spokesman Li Hui-hsun (李惠恂) told the Taipei Times on Thursday.
The company expects sales of digital water heaters to increase to 60 percent of total water heater sales in two years, compared with 50 percent last year, Li said, adding that this would boost this year’s revenue.
Sales of kitchen products should increase this year, as they showed a compound annual growth rate of 49 percent from 2013 to last year, he said.
“We expect annual sales of our water heaters, gas stoves, range hoods and kitchen products to grow following promotional activities in the second half of the year,” Li said.
Despite the effects of US-China trade tensions, the company’s cumulative revenue in the first four months of this year increased 0.75 percent year-on-year to NT$1.83 billion.
Gas water heaters have seen steady sales so far this year and could remain a major item for the company, Li said.
Taiwan Sakura is considering entering the home decoration segment, as no brand dominates the market and customers are unsatisfied with existing products, Li said.
“We are known for our kitchen products and after-sales service, and we have a broad customer base and an extensive network of brand stores, giving us an advantage in entering the market,” he said.
A booming market in Vietnam is expected to add further sales momentum to Taiwan Sakura, the company said.
Taiwan Sakura is evaluating whether to expand in Vietnam, where the rising population promises a growing kitchenware market.
The company over the past 15 years has collaborated with local agents to market its products in Vietnam and established an office there in November last year.
The company reported that first-quarter net income increased 1.89 percent to a record NT$198.11 million, from NT$194.43 million in the same period last year. Earnings per share improved slightly from NT$0.89 to a record NT$0.91, while gross margin rose 0.84 percentage points to 36.02 percent.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS