“To rapidly respond to customers’ needs, we plan to increase this year’s capital expenditure, as we aim to raise our output by between 5 percent and 10 percent,” said the official, who declined to be named. A leading Japanese automobile company earlier this year began sourcing products from Lee Chi, the official said, declining to identify the buyer by name. Lee Chi has plants in Changhua County and Nantou City, as well as in Kunshan, China. Lee Chi’s products include brakes, levers and handlebars. Lee Chi shares yesterday closed 1.14 percent higher at NT$9.76 in Taipei trading, but they have declined 1.41 percent this year.

Source: Taipei Times July 02, 2019 15:56 UTC