Taiwan-based metal-alloy chassis maker Casetek Holdings has revealed it will invest NT$2-3 billion (US$65.9-98.8 million) to expand production capacity at its factory in eastern China in 2014.
The investment will cover the costs of land totaling 100,000 square meters, factory buildings and 500-1,000 CNC machines, the company indicated at an investotrs conference on February 25. Castek currently has two other factories in eastern China, witha a total of 5,000-6,000 CNC machines.
Currently, 85% of Castek’s consolidated revenues come from iPad Air and iPad mini chassis and 10-15% from notebook chassis, company CEO Gary Chunag said, adding Lenovo and Hewlett-Packard (HP) are the main clients for notebook chassis.
Casetek expects to begin shipments of chassis for mobile terminal devices other than tablets to new clients in second-quarter 2014, Chuang added. The new clients reportedly are China-based smartphone vendors.
|Casetek: Financial report, 4Q13 (NT$b)|
|Net operating profit||2.620||56.51%||14.01%||8.277||75.25%|
|Net EPS (NT$)||5.20||18.10|
Source: Company, compiled by Digitimes, February 2014