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Taiwanese Owned Acbel Polytech To Expand Production Lines In Philippines and Taiwan

Acbel Polytech Co Ltd a member of New Kinpo Group will expand its production capacities in Laguna, Philippines as it extends business from producing power supplies to providing energy management solutions, announced by the company during a conference.

Taiwan's Acbel Polytech which also owned will likely to expand too as its production lines from China will transfer to the two countries.

After the expansion of factories in Taiwan and the Philippines, it account for over 20% and 25-30%, respectively, of AcBel and Kinpo's total production capacity.

The expansion of production line will need an added workforce for local in the Philippines and migrant workers in Taiwan.

The company won an open bid to supply 77,000 smart power meters for a Taiwan Power Company and has cooperated with electric scooter vendors to develop energy management systems used in battery swap stations.

The company also reported consolidated revenues of NT$1.72 billion for July, increasing 6.76% on year and NT$12.126 billion for January-July grew 19.63% on year.

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