Welcome Vice President Lai visit ABC factory for our excellent investment in Taiwan
In 2018, ABC opened the second new Yangmei plant, and the following year, it passed the loan of the investment review project in Taiwan to produce automotive components such as Common Mode filters and molded power inductors, and has shown excellent performance with revenue increased by 22% in 2022. Vice President cares about industrial development and visit ABC factory in the beginning of this month (June) with a lot of attention and encouragement.
On October 17, 2019, the Ministry of Economic Affairs approved 147 Taiwanese companies to invest in Taiwan, among which ABC took the lead in passing the review of 600 million $NTD of investment in Taiwan, and this 600 million $NTD investment project is part of ABC's five-year expansion investment plan of 1.4 billion $NTD, mainly in response to changes in market demand and supply chain reorganization, build an Industry 4.0 smart production factory, increase output value and "create a profitable growth model". On June 5, 2022, the additional Building B material factory in Yangmei No. 2 factory of Taiwan headquarters was officially opened, which is a milestone for ABC to further develop and deepen its material technology. Innovative technology to develop metal powder spray granulation process, with a view to optimizing production procedures to provide high-quality products.
On January 13, 2021, the construction of the factory in Building C of the Taiwan headquarters started, and it is expected to be officially completed and opened in October ~ November 2023. In response to the recovery of global market demand after the epidemic and the transformation of transmission architecture in the 5G era, ABC focuses on the introduction of artificial intelligence (AI) and automatic optical inspection (AOI) automatic inspection systems, process rationalization, and assembly line construction, so as to improve the stability of quality, shorten the process and delivery time, and accelerate the company's ten-year goal of 10 billion. In 2022, the group's revenue will be 3.03 billion yuan, an increase of 22% over the previous year's revenue, and the profit will grow significantly.
With more than 40 years of experience in the industry and its own brands of "ABC" and "ATEC", passive components such as inductors and heat sinks are widely used in the intelligent technology, information and communication, automotive electronics, industrial control and medical equipment industries, and its customers include European leaders in the communication terminal market, American automotive electronic parts suppliers, American electronic payment suppliers, etc.
All factories under ABC have passed the automotive certification. In the past, there have been a lot of cooperation with traditional European car manufacturers, and they account for a considerable proportion of ABC, and the business in the United States has also begun to grow recently. In 2022, the U.S. market accounted for 16% of ABC's annual automotive revenue, while the European market accounted for 45%. At present, ABC has also begun to show its presence in the second tier of automotive products in Japan. In response to the demand for automobiles, ABC will actively expand the U.S. market and further strengthen its cooperative relationship with U.S. automakers by exhibiting at exhibitions or setting up laboratories.
In addition, ABC's product line can also provide customized services and products according to customer needs, corresponding to different circuit designs, in order to become a world-class leader in the field of inductors.
Event Picture
Group photo of Vice President Lai and Chairman Joseph Hsu.
Speech by Vice President Lai.