As the largest manufacturer of aluminum extrusion single-axis robots and electric cylinders in Taiwan and Mainland China, "TOYO Automation" is optimistic about the high growth demand of Industry 4.0 and industrial automation in the future. Therefore, it invested 1 billion yuan to expand the Xinji Industrial Zone in Tainan. The second phase of the factory is actively deploying the industrial robot market, producing products such as electric actuators, servo cylinders, electric grippers, linear motor modules, desktop robots, AGV, and nano-positioning systems to grab the next Business opportunities created by the wisdom of generations of AI, 5G, servers, electric vehicles, and the Metaverse.
The new plant is the second-phase plant expanded by TOYO in Tainan after the first-phase plant expansion in 2019 was completed and put into operation. The new plant has a land area of ​​about 1,800 square meters. It is expected to build a modern plant with 1 underground floor and 4 floors above ground. The floor area is about 5,000 ping. It is expected to be completed by the end of 2023 and officially put into operation in the first quarter of 2024. The total investment in Xinji No. 2 plant is about 1 billion yuan. After the opening, it is expected to increase the revenue by more than 2 billion to 3 billion yuan and increase employment opportunities in Tainan. Lin Zongde, chairman of TOYO, emphasized that although the epidemic situation is severe, inflation has led to rising construction materials, which has increased the difficulty of expanding the second factory. but TOYO still hopes to increase the layout of production capacity and R&D energy through the expansion of the second factory. TOYO can gain more than 15% of the electric actuator market in Asia in the next few years, and become the world's top three electric cylinder manufacturers. At present, TOYO's products need to go out of Taiwan to compete with the world's major manufacturers. Independent technology development is an important beginning. Therefore, expanding the factory to increase investment in R&D and production. The second factory will be an important milestone. The independent brand "TOYO" can truly go out of Taiwan and create the value of made in Taiwan.