Nonwoven manufacturer Nan Liu Enterprise Co Ltd (南六) yesterday said it expected its capacity to produce spunlace nonwovens would increase 60 percent to 3,800 tonnes per month by the end of this year, making it the top provider across the Taiwan Strait.
Spunlace nonwoven is a major raw material used to make surgical gowns, drapes and wipes used in many industries.
Sales of spunlace nonwoven products accounted for 56 percent of Nan Liu’s total revenue, with its major markets in Asia.
Because of the technological know-how and high capital investment required for firms to enter the market, only Dupont and Nan Liu have the ability to produce medical-grade spunlace nonwovens.
Additionally, only Dupont, Polymer Group Inc, Nan Liu and some Chinese firms are able to produce spunlace nonwovens for industrial use, Nan Liu’s commercial director said at a pre-initial public offering (IPO) conference for investors yesterday.
The company, which is scheduled to move the trading of its shares to the Taiwan Stock Exchange early next month from the Emerging Stock Market, has tentatively set an IPO price of NT$50 a share.
It plans to raise NT$405 million (US$13.5 million) from the IPO by issuing 8.1 million new shares.
Nan Liu reported revenue of NT$971.89 million from January through last month, up 16.59 percent from NT$833.62 million a year ago, which the company attributed to new product launches.
It did not provide comparative numbers for the fourth quarter last year.
Last year, Nan Liu reported net profit of NT$197 million, up 41.26 percent from NT$139.46 million in 2011.
Nan Liu’s shares closed flat at NT$67.5 on the Emerging Stock Market yesterday.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple
RSS