KUALA LUMPUR (April 26): Frontken Corp Bhd’s Taiwan plant capacity expansion will drive the group’s future growth, according to Hong Leong Investment Bank (HLIB) Research.
In a note on Tuesday (April 26), HLIB analyst Tan J Young said Frontken’s Plant 2 Phase 1 expansion is expected to be completed by the first half ending June 30, 2022 (1HFY22), slightly ahead of its initially scheduled 2HFY22.
“Phase 2 and 3 extensions are expected to be completed by next year. Although Plant 2’s land size is almost the same as Plant 1, the former’s production capacity can be more than double as new technology requires less floor space,” he added.
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