Reported 12 months ago
Eastern Brother Yacht (8478) held a groundbreaking ceremony for their third assembly plant on July 1, 2024, with a projected completion by the following year. With a capital expenditure of approximately 2 billion New Taiwan dollars, the new plant covers an area of nearly 5,000 ping and will focus on producing luxury yachts over 35 meters in length, expanding the current production capacity by 50%. Anticipating strong demand for high-end luxury goods, Eastern Brother is strategically expanding to meet future product and market growth plans. This move aims to enhance product flexibility, cater to yacht owners' needs, increase market share, and contribute to future operational growth.
Source: YAHOO