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Boltun Plans a New Plant in Guiren (Taiwan) for Higher Capacity
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2022-11-18
Boltun supplies automotive fasteners and components for ODM companies. Among its automotive fasteners, 70% are used on conventional cars and 30% on EVs. Given that the conventional car has reached a fully grown state, Boltun has shifted toward the EV industry in recent years.
To cope with EV orders and expand capacity, Boltun Sales VP said the company plans to build a 160,100 square meters plant in Guiren District of Tainan City, Taiwan. The company aimed at a budget of NTD 1.7 billion for this investment, but it switched from purchase to land rental which in turn translates to NTD 871 million.
The VP said land purchase is a huge expenditure, but that by switching to rental, Boltun can increase more capacity and flexibility in using the budget. The company sees EVs as the drive for growth next year, so it has to adjust capacity.
To cope with EV orders and expand capacity, Boltun Sales VP said the company plans to build a 160,100 square meters plant in Guiren District of Tainan City, Taiwan. The company aimed at a budget of NTD 1.7 billion for this investment, but it switched from purchase to land rental which in turn translates to NTD 871 million.
The VP said land purchase is a huge expenditure, but that by switching to rental, Boltun can increase more capacity and flexibility in using the budget. The company sees EVs as the drive for growth next year, so it has to adjust capacity.
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factory expansion
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