CAP to Expand Wiper Production Capacity at Vietnam Plant

CAP will expand wiper production capacity at its Vietnam plant to support growth in its Automotive business division (AD).

According to CAP on October 26, annual wiper production capacity at its Vietnam plant is set to increase from 45 million units to approximately 55 million units through facility investments in the first and second halves of the year. The company plans to expand its production facilities to meet rising demand as it adds global customers, while sustaining revenue growth and improving profitability.

In its Electronic Device business division (EDD), the company is preparing for mass production of quantum-dot (QD) display components. Quantum-dot displays are a high-value-added technology used in high-end gaming monitors and premium TVs. The company recently completed construction of a QD production line at its Vietnamese subsidiary and passed a quality audit by a global display manufacturer. It plans to begin mass production by the end of the year after completing reliability testing. The company is also considering additional expansion of its QD production line to meet customer demand.

The company is also continuing to explore mergers and acquisitions (M&A) to strengthen its medium- to long-term growth prospects. It plans to seek new business opportunities that can generate synergies with its existing wiper and SMT businesses, and to actively enhance its undervalued corporate value by entering new businesses.

A CAP representative said, "We are actively pursuing strategies to improve our results and strengthen our growth prospects by expanding wiper production capacity and launching mass production of new QD components in our SMT division. Given our stable earnings-generating capacity and strong financial resources, we will also actively work to enhance our corporate value."

This content was produced with the assistance of AI translation services.