Compal Electronics Inc (仁寶), one of the leading contract electronics makers in Taiwan, has announced plans to build a factory in Poland to target automotive electronics clients.
In a statement posted on the Taiwan Stock Exchange, the company yesterday said that it is planning to invest more than NT$500 million (US$15.4 million) to build a factory in Poland, the first time the company is to extend its manufacturing to the European market.
Through its Poland-based subsidiary CGS Technology (Poland) Sp. z o.o., Compal is planning to spend about NT$77.7 million to acquire a parcel of land in Czeladz, Poland, and spend an additional 12.29 million euros (US$13.31 million) to build the plant, bringing the total investment to more than NT$500 million, the company said.
Photo: Fang Wei-chieh, Taipei Times
The company said it is already running an after-sales service center in Poland, and the investment in the European country is aimed at catering to the automotive electronics market.
The investment is part of the company’s efforts to meet regional demand in Europe, it said.
It expects construction of the facility to be completed by the end of the second quarter of next year, with production slated to begin by the end of the year, Compal said.
The new plant is expected to start generating sales in 2026, it added.
Automotive electronics is among Compal’s major businesses, but its products also include handheld devices, wearable gadgets, laptop and desktop computers, Internet of things applications, servers and healthcare equipment.
Compal’s automotive electronics customers are vehicle manufacturers based in Europe, and sales in the business are expected to grow at a double-digit pace this year, market analysts said.
Local news media cited unnamed sources from Compal as saying that the company did not rule out expanding its production in Poland beyond automotive electronics by taking into account customers’ needs.
Compal had focused on Vietnam in terms of overseas investments in the past, but it wants to be closer to its customers in Europe, local media reported.
Capital expenditure to meet overseas investments is expected to range between NT$7 billion and NT$8 billion this year, little changed from last year, they reported.
Compal has intensified its efforts in automotive electronics development, and the company last year started to produce automotive electronics items in a plant in Mexico, which has begun to post sales.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
RSS