Fitness equipment maker Dyaco International Inc (岱宇國際) is to expand its production facilities domestically, and buy land in the US for warehousing and customer service needs, the company said on Monday.
Citing a “positive mid-to-long-term outlook,” the company’s board of directors yesterday approved a plan to expand its production facilities in Taichung’s Dajia District (大甲), Dyaco said in a news release.
It plans to build three new production lines for elliptical trainers on a 2,400 ping (7,920m2) plot of land in Dajia, which it acquired in the third quarter of last year from President Plastic Products Manufacturing Co (統一塑膠), Dyaco said.
Photo: Chen Yung-chi, Taipei Times
Dyaco makes elliptical trainers, its second-biggest product line by sales, at a plant in Changhua County and the Dajia facility is to have double that capacity, the company said.
Construction of the new plant is expected to start next month after the company obtains regulatory permission, Dyaco said, adding that it expects the new facility to start trial production in the third quarter of next year.
Its US subsidiary, Spirit Fitness, is to buy more land in Jonesboro, Arkansas, where it is headquartered, Dyaco said.
Dyaco’s board approved an investment of US$9 million to obtain 24,483.4 ping of land from Jonesboro authorities at a site about 2.4km from the Spirit Fitness headquarters.
Construction of the facilities in the US is to start next quarter and be completed by the third quarter of next year, Dyaco said.
Dyaco acquired Spirit Fitness in 2008. The subsidiary is responsible for the Spirit Fitness, Xterra Fitness and Sole Fitness brands in the US market, where sales last year increased 41.49 percent, 107 percent and 290 percent year-on-year respectively for the brands as demand for treadmills, elliptical trainers and fitness bikes increased amid a home fitness equipment boom.
“By expanding our warehouses and customer service center, we are helping our brands compete by consolidating our resources,” Dyaco said.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
‘FAILED EXPORT CONTROLS’: Jensen Huang said that Washington should maximize the speed of AI diffusion, because not doing so would give competitors an advantage Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) yesterday criticized the US government’s restrictions on exports of artificial intelligence (AI) chips to China, saying that the policy was a failure and would only spur China to accelerate AI development. The export controls gave China the spirit, motivation and government support to accelerate AI development, Huang told reporters at the Computex trade show in Taipei. The competition in China is already intense, given its strong software capabilities, extensive technology ecosystems and work efficiency, he said. “All in all, the export controls were a failure. The facts would suggest it,” he said. “The US
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
French President Emmanuel Macron has expressed gratitude to Hon Hai Precision Industry Co (鴻海精密) for its plan to invest approximately 250 million euros (US$278 million) in a joint venture in France focused on the semiconductor and space industries. On his official X account on Tuesday, Macron thanked Hon Hai, also known globally as Foxconn Technology Group (富士康科技集團), for its investment projects announced at Choose France, a flagship economic summit held on Monday to attract foreign investment. In the post, Macron included a GIF displaying the national flag of the Republic of China (Taiwan), as he did for other foreign investors, including China-based
RSS