TALL ORDER: The company needs at least 30,000 ping of land to expand capacity, and it does not want to turn to China due to rising costs there, CEO Adam Lin said
Date: Jun 13, 2018
By: Ted Chen / Staff reporter, in TAICHUNG
Smartphone camera lens supplier Largan Precision Co (大立光) yesterday said that it is looking to expand its Taiwan-based production capacity provided that the government helps it overcome land scarcity.
“Ideally, the company wants to purchase a large, unbroken plot of 30,000 to 40,000 ping [99,174m2 to 132,232m2 ] in Taiwan to expand production capacity,” Largan chief executive officer Adam Lin (林恩平) told a news conference following the company’s annual shareholders’ meeting in Taichung.
However, due to land scarcity, that would be a tall order without help from the government, despite efforts by the company and property agents, Lin said.
Although China has an abundance of low-priced land, it is not necessarily a better option for expansion, as the company would have to deal with rising wages and labor shortages there, Lin said. [FULL STORY]