Momo.com Inc (富邦媒體) yesterday broke ground for an automated logistics center in Changhua County’s Homei Township (和美) to assist the e-commerce operator in meeting its storage needs for fast delivery.
Construction of the logistics center is expected to be completed in 2027, which would help shorten the lead time for packages delivered to consumers in central Taiwan, the company said in a statement.
Upon completion, the Changhua center would be the company’s largest and most advanced logistics center in the nation, compared with its northern center in Taoyuan’s Dayuan District (大園) and southern center in Tainan’s Sinshih District (新市).
Photo: Liu Hsiao-hsin, Taipei Times
The construction site covers 9,800 ping (32,397m2), Momo said.
The company plans to build eight floors above ground and two below, investing a total of about NT$7.6 billion (US$235.67 million) in the logistics center, it said.
Central Taiwan accounts for 25 percent of Momo’s orders in Taiwan, the company said, adding that the new Changhua center is expected to process 250,000 packages per day and be able to store 5.4 million packages.
Apart from ensuring quality, speedy service for consumers in central Taiwan, the new investment is also expected to help reduce the number of deliveries and lower carbon emissions in the region, it said.
Momo, which operates three platforms — online shopping, TV home shopping and catalog shopping — has benefited from its greater logistics efficiency and a wider range of product diversity compared with local peers, with its third-quarter revenue hitting a record high NT$25.07 billion, the company reported on Tuesday.
Net profit was NT$749.86 million in the July-to-September quarter, lower than NT$842.55 million a quarter earlier and NT$756.36 million a year earlier, due to one-time asset impairment charges, the company said.
Earnings per share were NT$3.12 in the third quarter, it said.
Thanks to improving operational efficiency and economies of scale, net profit in the first three quarters of the year grew 2.8 percent year-on-year to NT$2.48 billion, with earnings per share rising from NT$10.04 to NT$10.32.
Revenue in the first three quarters hit a record NT$76.41 billion, as sales of cosmetics, healthcare, sports and leisure products maintained double-digit percentage growth from a year earlier, whereas consumer electronics and household items saw slower sales growth due to a high comparison base last year.
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his
TIGHT-LIPPED: UMC said it had no merger plans at the moment, after Nikkei Asia reported that the firm and GlobalFoundries were considering restarting merger talks United Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday launched a new US$5 billion 12-inch chip factory in Singapore as part of its latest effort to diversify its manufacturing footprint amid growing geopolitical risks. The new factory, adjacent to UMC’s existing Singapore fab in the Pasir Res Wafer Fab Park, is scheduled to enter volume production next year, utilizing mature 22-nanometer and 28-nanometer process technologies, UMC said in a statement. The company plans to invest US$5 billion during the first phase of the new fab, which would have an installed capacity of 30,000 12-inch wafers per month, it said. The
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. While short-term demand appeared robust, uncertainties rose due to US President Donald Trump’s unpredictable trade policy, CIER president Lien Hsien-ming (連賢明) told a news conference in Taipei. Taiwan’s economy this year would be characterized by high-level fluctuations and the volatility would be wilder than most expect, Lien said Demand for electronics, particularly semiconductors, continues to benefit from US technology giants’ effort
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. The Cabinet established an economic and trade task force in November last year to deal with US trade and tariff related issues, Kuo told reporters outside the legislature in Taipei. The task force has been analyzing and evaluating all kinds of scenarios to identify suitable responses and determine how best to assist domestic industries in managing the effects of Trump’s tariffs, he
RSS