Avary Holding, under pan-Foxconn Technology Group, is about to land in mainland China and go public. Its parent company, Zhen Ding, should take the accolades from its subsidiary as it prepares to take the throne as the largest PCB manufacturer in the world. Through integration and strategic alliances, it has achieved a greater niche of the market share which in turn has allowed the company to further expand its future scale of operations.  

 

       The Foxconn Group has begun business deployment around the world. With its re-investment or subsidiary going ahead with plans to list publicly, both domestically and abroad, the market should realize that it is not just an expansion through recognized investment proceeds, but an advantageous opportunity to raise capital for the conglomerate, which will in turn assist in allowing the company to compete for a chance at global acquisitions and expansion.   

 

       Currently, the Foxconn Group possesses more than a 30% share of Avary under the banner of Zhen Ding, and it is about to go public in China. Zhen Ding’s turnover for last year had, for the first time, broken the record of more than NT$100 billion, making it the largest PCB manufacturer in the world, with a market share of up to 6.1%. This year it is likely to challenge NT$120 billion, a new high, while its market share worldwide is predicted to reach 6.5%.

 

       The chairman of Zhen Ding, Shen Ching-fan, has stated that the company is not merely striving to achieve a greater market share in Taiwan or China, but worldwide. This year, the company will look to integrate with its upper and lower-stream manufacturers, as well as make strategic alliances to increase growth.    

 

       Zhen Ding currently holds an 80.91% share of Avary, and in the future if Avary can be successfully utilized to raise capital, it would become an integral part for Zhen Ding to establish itself as the No.1 PCB manufacturer, and to continue with the deployment of integration and expansion. (source of information: Economic News)