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4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Hon Hai Precision Industry Co., Ltd.    2317   TW0002317005

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Hon Hai Precision Industry : picks Mount Pleasant as site of U.S. manufacturing plant

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10/06/2017 | 02:55pm CET

Taiwan-based manufacturing giant Hon Hai Precision Industry Co. has chosen Mount Pleasant in Wisconsin'sRacine County as the site of a US$10 billion production plant in the United States, the Milwaukee Business Journal reported Wednesday.

The facility will consist of a multi-billion-dollar thin-film transistor liquid crystal display plant, a facility to back-end package LCD modules, a facility for molding and tool-and-die processes, and an assembly operation to produce end-device units, the weekly newspaper said.

On July 26, Hon Hai Chairman Terry Gou, accompanied by U.S. President Donald Trump and other top U.S. officials, announced that the company plans to invest US$10 billion to build an advanced flat panel plant in Wisconsin to roll out 8K ultra high-definition and advanced 5G operations as a foundation for future industrial development.

Gou and Wisconsin Governor Scott Walker signed a Memorandum of Understanding on the investment deal a day later.

Last month, the Wisconsin Assembly approved a US$3 billion incentive package for the massive investment plan, which is expected to create up to 13,000 jobs, with an estimated average salary of US$53,875 per employee, over a period of up to six years.

© Pakistan Press International, source Asianet-Pakistan

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Financials ( TWD)
Sales 2017 4 463 B
EBIT 2017 155 B
Net income 2017 138 B
Finance 2017 276 B
Yield 2017 3,88%
P/E ratio 2017 13,47
P/E ratio 2018 10,57
EV / Sales 2017 0,35x
EV / Sales 2018 0,30x
Capitalization 1 828 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 118  TWD
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Terry Gou Chairman & Chief Executive Officer
Te Tsai Huang Head-Finance
Jui Hsia Wan Member-Supervisory Board
Fang Ming Lu Director & Deputy General Manager
Min Chih Cho Member-Supervisory Board
Sector and Competitors