June 11, 2007

Garmin to Expand Manufacturing - Open 3rd Plant Site

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Things must be going very well for Garmin these days as they have announced that they are opening another plant in Taiwan. The third plant was disclosed at the annual shareholder meeting on Friday. The plant should cost around $90 million.

"We thought it was going to be a longer-term expansion plan, but in fact we're already in need of additional spaces, so we're just days away from closing our third factory," Kevin Rauckman, the CFO of Garmin said.

Read More in: Garmin GPS News

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Posted by Scott Martin at June 11, 2007 7:28 PM
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