Business · Companies · 2 hrs ago
Xavis to borrow 3 billion won for operating costs
Xavis plans a short-term 3 billion won loan from a financial institution for operating costs.
The company says it will use the money to buy raw materials.
The company makes X-ray inspection equipment, and in the first half of this year it received 14.044 billion won in new orders and recorded sales of 13.179 billion won.
Its order backlog reached 13.745 billion won by June 30, up 72% from the start of the year; the XSCAN division’s backlog rose 95%.
Xavis also announced a 3.4 billion won battery inspection equipment contract in September and two contracts for semiconductor glass-substrate inspection equipment in October.
The loan is meant to secure parts and materials in time to meet production and delivery schedules, and the company says its second factory, opened in August, increased production capacity by 50%.
X-ray inspection equipment maker Xavis will borrow 3 billion won short term from a financial institution for operating costs.
The company said it plans to use the money to buy raw materials.
Xavis disclosed the borrowing on October 30.
The company said it needs to secure key parts and materials in advance to meet delivery schedules for its orders.
- Who
- Xavis, an X-ray inspection equipment maker.
- What
- It will borrow 3 billion won short term from a financial institution for operating costs, including raw-material purchases.
- When
- Xavis disclosed the decision on October 30.
- Where
- Not stated.
- Why
- The company plans to buy raw materials and secure parts needed to meet delivery schedules.
This story does not have two clearly opposing sides.
Xavis began operating its second factory, which the company said increased production capacity to 1.5 times its previous level.
Xavis disclosed a 3.4 billion won contract to supply battery X-ray inspection equipment.
The company said it had signed two contracts to supply inspection equipment for semiconductor glass substrates.
Xavis disclosed that it would borrow 3 billion won for operating costs.
- Short-term borrowing
- 3 billion won
- Purpose
- Operating costs, including raw-material purchases
- First-half new orders
- 14.044 billion won
- Revenue
- 13.179 billion won
- Orders on hand at June-end
- 13.745 billion won
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What people are saying
To deliver ordered products on time, we need to secure key parts and raw materials in time.