RESEARCH AND DEVELOPMENT:The vehicle components maker said it is developing a three-dimensional overlay method, a wrapping technique that is done in a vacuum
Date: Jun 01, 2017
By: Kuo Chia-erh / By Kuo Chia-erh
Hiroca Holdings Ltd (廣華控股), a Taiwanese automobile components maker with operations in China, yesterday said its new plant in Mexico is to start mass production in the fourth quarter this year as it seeks more orders from the US.
“The new facility is expected to generate revenue of more than US$16 million next year,” company president Steve Huang (黃建中) told reporters after an annual shareholders’ meeting in Taipei.
The ongoing capacity expansion project is seen as a part of Hiroca’s long-term business plans to reduce its reliance on its major Japanese brand-name customers, Huang said.
Revenue from Japanese clients — including Toyota, Honda, and Nissan — accounted for 63.8 percent of the Taiwanese firm’s total sales last year, company data showed.