Everest Textile Co (宏遠興業), which makes fabrics and garments, yesterday said two new plants in Ethiopia and the US are scheduled to start operations in the first half of this year.
The plant in Ethiopia is to manufacture garments for the company’s brand name customers from Europe, while the US facility is to supply knitted fabrics and garments to customers in the US, the firm said.
The two new factories are expected to increase the sales contribution from garments, which currently generate less than 2 percent of the company’s total sales, an Everest official said by telephone.
Revenue from woven and knitted fabrics accounts for more than 80 percent of the company’s total sales, while textured yarns generate nearly 10 percent, company data showed.
The official, who declined to be named, said the company plans to build another plant in Haiti because of lower labor costs.
“We have to keep seeking overseas sites for new factories, as the fabric manufacturing process is quite labor-intensive,” he told the Taipei Times.
Everest operates three plants in Taiwan, China and Thailand.
Everest’s local peers, including Lealea Enterprise Co (力麗) and Eclat Textile Co (儒鴻), also plan to accelerate overseas capacity expansion plans this year.
Lealea, which mainly produces textured polyester yarn, has approved a plan to invest as much as US$50 million in its first overseas factory in Indonesia.
The new plant is scheduled to begin operations in the first half of this year, with a target capacity of 4 million yards of polyester yarn per year, Lealea spokesman Chen Han-ching (陳漢卿) said by telephone yesterday.
The plant is to distribute about half of its products to customers in Indonesia, a nation of 255 million people, Chen said.
Lealea is also considering building another plant in Vietnam because of lower tariffs on exports to the EU, he added.
Local media reported that Eclat plans to expand production capacity in Vietnam after dissolving its wholly owned clothing plants in China last month.
Two new plants in Vietnam are scheduled to begin operations in the first and third quarters of this year respectively, and are expected to manufacture about 950,000 articles of clothing per month, boosting Eclat’s capacity by 20 percent annually, local media reported.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
RSS