About Nam Tai | Customers | Directors & Management | Compensation | Manufacturing Facilities | Products | Technologies | Environment, Health & Safety

The Company currently operates five modern factories in Shenzhen, China, approximately 30 miles from Hong Kong, providing the Company with ready access to Hong Kong's communication and banking infrastructure. Transportation of products from China is facilitated through the port of Hong Kong.

Offices

Manufacturing

Offices

Dormitories and cafeteria

Recreational

Manufacturing LCD panels

Dormitories, admin. and cafeteria

Recreational

Manufacturing

Offices

Land (not yet construct)

Future Expansion
In September 2005, we signed a letter of intent with The People’s Government of Baoan District, Shenzhen, PRC, to purchase approximately 1.3 million square feet of land for future expansion. This new piece of land is approximately 30 minutes driving distance from the existing facilities of the Company and is more than double the space of the land of the existing facilities. In March 2006, the Company entered into an official project investment agreement with the Guangming Hi-Tech Industrial Park, Shenzhen, PRC, to purchase the land and an initial payment of approximately $1.5 million was paid in 2006. In June 2007, we entered into an official land use transfer agreement and a supplemental agreement with Shenzhen Municipal Bureau of State Land and Resources. We paid the balance of the land price of approximately $6.8 million in the fourth quarter of 2007. We are obligated to pay a relocation allowance to the local residents of approximately $645,500, which we will make in the first half of 2008. The financing for this amount was obtained from internal resources. We plan to commence the construction of a new factory in early 2009. The Company intends to use the new facility as its PRC headquarters and also to increase manufacturing capacity. We expect the additional space to meet our capacity needs in Shenzhen to 2015.

In addition to the expansion project to build a new factory in Shenzhen, PRC, the Company continues to implement its plans to establish an industrial presence in Wuxi, Jiangsu Province, located on the East Coast of the PRC, approximately 80 miles Northwest of Shanghai. In October 2006, we entered into the agreements with the Wuxi government for the project and in December 2006 completed the land transfer for two parcels of real property, approximately three miles apart and with approximately 470,000 square feet and 515,000 square feet respectively.