GROWING:Airtec has purchased a plot of land in China’s Ningbo to construct a new production plant in the nation, where it manufactures valves and air source processors
Date: Dec 06, 2016
By: Kuo Chia-erh / Staff reporter
Pneumatic components supplier Airtac International Group (亞德客) yesterday said it plans to increase capital spending next year to NT$2 billion (US$62.5 million), from this year’s NT$1.5 billion, to build up capacity.
“We plan to increase overall capacity by between 3 and 5 percent next year, in a bid to satisfy our customers’ increasing needs,” company spokesman Ivan Tsao (曹永祥) said by telephone.
Airtac operates three production bases in Tainan and China’s Guangdong Province and Ningbo city, with an annual production value of about 1.7 billion yuan (US$247 million).
The company this month bought a 154,305m2 plot of land in Ningbo that would be used for a second plant there, Tsao said. [FULL STORY]