Garmin Prepares To Ramp Up GPS Production
Following a record-setting financial performance in 2005, Garmin Ltd., the leading maker of Global Positioning System (GPS) navigation products for the U.S. consumer market appears to be making plans to increase production. Digitimes Daily IT News reports that the Kansas City-based company has purchased a vacant factory in northern Taiwan to expand the production capacity of its Taiwan subsidiary.
Garmin currently has 14 production lines located near Taipei, with a monthly capacity to produce about 420,000 portable GPS devices. The company recently reported that all its Taiwanese production lines were running at full capacity. The vacant factory reportedly has space to accommodate an additional 14 production lines.
MapBiz: Garmin Reports Record Revenue
TomTom Takes #2 Spot In Booming GPS Navigation Market
Mapping For The Masses: GPS Market At $22 Billion By 2008