The global operation scope of Taiflex Scientific Co., LTD.(8039)has moved forward to the next step. The groundbreaking ceremony was held today (December 20, 2022). At the ceremony, Chairman Sun Ta-Wen, Vice Chairman Hsu Chein-Ming and CEO Jiang Tzong-Hann co-host the ceremony. The officials from Thailand, BOI and IEAT, representatives from Amata Group (AMATA), Taiwan Chamber of Commerce in Thailand, and friends from different industries attended the ceremony enthusiastically.
Taiflex Scientific (Thailand) Co., Ltd. factory covers an area of nearly 42,000 square meters. The phase one of the project plans to invest 35 million US dollars to manufacture Adhesiveless FCCL. It is expected to be mass-produced in mid-2024. Focusing on the huge potential of the automotive market in Southeast Asia, Taiflex plans to produce FCCL materials such as Coverlay and Adhesive FCCL in the near time. After the plant is fully completed, it will increase the Taiflex group's production capacity by 50%, and become Taiflex's operation center in Southeast Asia.
Taiflex has great expectation in this investment project. Thailand is located in the core of continental Southeast Asia, and its status as a member of RCEP has a profound impact on global planning. Furthermore, Southeast Asia has both abundant natural resources and high-quality human resource, combined with various regional economic and trade agreements, making this region the first choice for Taiwanese businessmen to expand their operation. Taiflex decided to settle in Thailand after long-term planning and on-site inspections. Thailand is also an important international automobile manufacturing center with a complete global automotive supply chain, attracting major automakers to invest a lot of resources in the development of the electric vehicle industry. In addition to the rich mass production experience of automotive materials, Taiflex is also the only FCCL material supplier to set up the factory in Thailand. It is expected to play an important role in Thailand's automotive supply chain, providing more timely and complete services and products to meet the automotive customer needs.
Taiflex has had many important projects this year. Not only did it hold construction projects in Thailand, the company also launched the groundbreaking ceremony for the phase two of factory construction in Rudong Fuzhan Scientific Co., Ltd. in Nantong City, Jiangsu Province, Mainland China on the same day. The phase two will provide employees with an excellent working environment and facilities, and also prepare for the future development of the Mainland region and enhance our operating strength.
For the rapid changes in technology and the restructuring of the global industrial supply chain, Taiflex will continue to strive to improve technology and products, and expand its global operation scope to grasp new market demands and opportunities.