HEAVY METAL:Construction of the facility, which the firm sees as an entry point to the European market, is to start in the fourth quarter, with production set for late next year
Taipei Times
Date: Aug 30, 2016
By: Kuo Chia-erh / Staff reporter
Lemtech Holdings Co, Ltd (聯德控股) is to build a new plant in the Czech Republic, a company official told an investors’ conference in Taipei yesterday.
The New Taipei City-based metal stamping components and precision press tool supplier operates plants in Kunshan, China, Thailand and the US, producing the metal parts used in many industries including computer, telecommunication, consumer electronics and automotive components.
“Although the [Czech] factory might not benefit Lemtech’s sales significantly in the beginning, we see it as a milestone for our entry into Europe’s automobile and electronic parts business,” Lemtech spokesman Zac Lu (盧晉佑) said.
The company expects the Czech plant to break even in 2018, he said. [FULL STORY]