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Eternal Materials Gets Board Nod for Expansion of Taiwan Unit; New Plant in Thailand; Shares Up 5%

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Eternal Materials Co (TPE:1717) has received board approval to expand the production lines in the second phase in the new plant in Luzhu, Kaohsiung, Taiwan, according to a Friday filing to the Taiwan stock exchange.

The company's shares were up over 5% in Monday's trade.

The company plans to invest NT$444.7 million for four production lines and four storage tanks.

In a separate filing, the company's subsidiary Eternal Electronic Material (Thailand) has also secured board approval to build a new plant located in Asia Industrial Estate, Thailand, with an estimated investment of 664.3 million baht.

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