EXPANSION:The company has doubled its capital spending this year to boost its Chinese plants’ production capacity in time for the peak season, CEO S.J. Liao said
Date: Jun 21, 2017
By: Lauly Li / Staff reporter
With its three main product lines’ growth momentum recovering, Pegatron Corp (和碩) expects its business to pick up significantly in the second half and lift its full-year performance.
“The second half of the year would represent the peak for Pegatron’s operations [this year]. Our expanded production capacity is in place,” chief executive officer S.J. Liao (廖賜政) told reporters yesterday after the company’s annual general meeting in Taipei.
Pegatron, one of Apple Inc’s iPhone assemblers, invested US$400 million over the past few months, mainly to purchase new equipment to boost its Chinese plants’ production capacity for communications, consumer electronics and computing products, Liao said.
This year’s capital expenditure was twice the size of last year’s US$200 million and was the largest since 2013, the company said. [FULL STORY]