Momo.com Inc (富邦媒體) yesterday broke ground for an automated logistics center in Changhua County’s Homei Township (和美) to assist the e-commerce operator in meeting its storage needs for fast delivery.
Construction of the logistics center is expected to be completed in 2027, which would help shorten the lead time for packages delivered to consumers in central Taiwan, the company said in a statement.
Upon completion, the Changhua center would be the company’s largest and most advanced logistics center in the nation, compared with its northern center in Taoyuan’s Dayuan District (大園) and southern center in Tainan’s Sinshih District (新市).
Photo: Liu Hsiao-hsin, Taipei Times
The construction site covers 9,800 ping (32,397m2), Momo said.
The company plans to build eight floors above ground and two below, investing a total of about NT$7.6 billion (US$235.67 million) in the logistics center, it said.
Central Taiwan accounts for 25 percent of Momo’s orders in Taiwan, the company said, adding that the new Changhua center is expected to process 250,000 packages per day and be able to store 5.4 million packages.
Apart from ensuring quality, speedy service for consumers in central Taiwan, the new investment is also expected to help reduce the number of deliveries and lower carbon emissions in the region, it said.
Momo, which operates three platforms — online shopping, TV home shopping and catalog shopping — has benefited from its greater logistics efficiency and a wider range of product diversity compared with local peers, with its third-quarter revenue hitting a record high NT$25.07 billion, the company reported on Tuesday.
Net profit was NT$749.86 million in the July-to-September quarter, lower than NT$842.55 million a quarter earlier and NT$756.36 million a year earlier, due to one-time asset impairment charges, the company said.
Earnings per share were NT$3.12 in the third quarter, it said.
Thanks to improving operational efficiency and economies of scale, net profit in the first three quarters of the year grew 2.8 percent year-on-year to NT$2.48 billion, with earnings per share rising from NT$10.04 to NT$10.32.
Revenue in the first three quarters hit a record NT$76.41 billion, as sales of cosmetics, healthcare, sports and leisure products maintained double-digit percentage growth from a year earlier, whereas consumer electronics and household items saw slower sales growth due to a high comparison base last year.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs. The company reported a better-than-projected 158 percent jump in March-quarter operating income, propelled in part by stockpiling ahead of US President Donald Trump’s tariffs. SK Hynix stuck with a forecast for a doubling in demand for the high-bandwidth memory (HBM) essential to Nvidia Corp’s AI accelerators, which in turn drive giant data centers built by the likes of Microsoft Corp and Amazon.com Inc. That SK Hynix is maintaining its
RSS