New Kinpo Group sees growing contributions from Southeast Asia
Ninelu Tu, Taipei; Joseph Tsai, DIGITIMES
The New Kinpo Group is seeing its investments in Southeast Asia countries such as Thailand and the Philippines as well as Brazil starting to make contributions and is also planning to expand its investments in the Philippines in 2016. With the growths, the New Kinpo Group expects its revenues to grow a single-digit percentage on year in 2016 and will see better growth in profits than revenues, according to the group chairman Rock Hsu.
Hsu pointed out that the Philippines is suitable for electronics manufacturing service (EMS) business due to advantages from the political environment, stable supply chain, manpower supply and costs. Meanwhile, in addition to existing businesses, the New Kinpo Group is also planning to expand its semiconductor-related business in Brazil.
The company’s subsidiary XYZprinting will also expand its businesses from 3D printing products to service and education robots and smart devices and will release a brand trying to improve its gross margin.
About New Kinpo Group (NKG)
New Kinpo Group, a corporation of several subsidiaries including Cal-Comp, XYZprinting, Kinpo Electronics and AcBel, is a global electronic manufacturing services (EMS) and original design manufacturing (ODM) company that offers its customers lower costs, faster delivery times and world-class product quality. The company’s EMS business spans multiple product lines, including storage, printers, network-attached storage (NAS), wireless and broadband, digital home, consumer electronics, wearables, 3D printing, robotics, power management and smart grid, industrial, automotive, security, medical/healthcare and emerging technologies. New Kinpo Group’s network of strategically located manufacturing sites have the added benefit of allowing customers to manufacture products closer to their end customers, resulting in dramatically reduced shipping costs, lower tariffs and more cost-effective inventory management. For more information, visit http://en.newkinpogroup.com/