Zhen Ding Tech. (Zhen Ding), a Taiwanese PCB manufacturer, established Avary Holding. (Shenzhen) Co., Limited to undertake almost 100% of PCB business and go public in China. In fact, Plotech Technology Co., Ltd. (Plotech) has long been preparing for IPO of its Chinese Kunshan plant.
Plotech has been preparing for IPO of its Kunshan plant in China since 2013 and was listed on the National Equities Exchange and Quotations (NEEQ) in February 2015. However, Plotech Kunshan proposed a “five social insurance and one housing fund” and failed to expand its orders. It has also suffered from an insufficient use of its capacity in the past two years. Although Plotech Kunshan turned loss into profit in the first quarter, the company is planning IPO in three years’ time at the earliest.
Plotech Kunshan produces HDI with the maximum 4-level laser process and enjoys a maximum production capacity of 250,000 feet per month based on the conversion of the 2 to 3-level HDI process. In the past, the company depended on the investment from Korean orders, but after the adjustment of product portfolios, Plotech Kunshan now focuses more on smartphone boards and netcom applications. In addition to Chinese smartphone brands introduced last year, Plotech Kunshan has gradually introduced new smartphone brands and has strengthened niche-based PCB applications this year, such as CMOS and lenses.
Currently, Plotech’s PCBs are produced on a small, medium and large scale in Taoyuan, Huiyang, and Kunshan plants.
After Wus Printed Circuit (Kunshan) Co., Ltd., invested by Wus Printed Circuit Co., Ltd., a Taiwanese PCB manufacturer, became listed in Shenzhen, Plotech started to promote IPO of its Kunshan plant in China. (Source: cnYes)