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Flexium Approves $260M for 2019 Capex
December 19, 2018 | DigitimesEstimated reading time: Less than a minute
The board of directors of flexible PCB specialist Flexium Interconnect has approved plans to budget NT$8 billion ($259.5 million) in capex for 2019, which will be utilized for capacity expansion and technology development, according to Digitimes.
Flexium indicated the majority of the planned capex next year will be used for the construction of new production facility at its factory site in Kaohsiung, southern Taiwan and the development of new technologies. The company expects the additional new capacity at its Kaohsiung plant to come online in the second half of 2019.
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