Catcher Technology may further expand capacity in 2014, says chairman

Ninelu Tu, Taipei; Adam Hwang, DIGITIMES [Wednesday 30 April 2014]

Metal-alloy chassis maker Catcher Technology has expanded its production capacity by adding 2,000 CNC machines at a Taiwan factory with an investment of NT$2.5 billion (US$82.5 million) and 3,000 ones at two factories in eastern China with an investment of NT$5 billion, and is likely to further expand capacity by the end of 2014, company chairman Hong Shui-shu said at an April 29 investors conference.

The expansion so far in 2014 is mainly to increase production capacity for smartphone chassis by 20%, Hong said. Of consolidated revenues for the first quarter of 2014, 40% came from notebook chassis and 60% from smartphone and tablet chassis, Hong said.

Catcher’s board of directors on April 29 decided to distribute a cash dividend per share of NT$5 for 2013, accounting for 27.2% of the corresponding net EPS of NT$18.38, and to issue up to 50 million new shares for floating GDRs (global depository receipts).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s