By Martin Burns
Taiwanese contact lens supplier Ginko has revealed that it is to invest up to NT$1 billion over the next three years as it creates new manufacturing lines.
According to Tsai Kuo-chou, chairman of the company, it will build six lines in Taiwan which will have a maximum output of 150 million contact lenses, as the company bought over 10,000 sq m of land area in the Central Taiwan Science Park, CENS.com reports.
The chairman noted that the organisation intends to install two production lines per year in the next 36 months and is relocating its headquarters to the park from Changhua in central Taiwan.
He added that most Chinese consumers currently favour traditional contacts rather than disposables, so 95 per cent of the factory's output is likely to be focused on the former, the website noted.
Meanwhile, Novartis recently revealed that it is to take a greater control of the global contact lens market by purchasing Alcon.
by Martin Burns