Inno Holdings announces factory expansion, automation initiative

INNO Holdings announced a significant expansion of its manufacturing operations and a comprehensive enhancement of its automation infrastructure. This initiative represents a strategic move that augments production capacity and heightens efficiency, positioning INNO Holdings to capitalize on significant market opportunities within the burgeoning global construction materials sector. Amidst a landscape where the global market opportunity for light-gauge steel framing, offsite construction, and prefab home manufacturing is estimated at a staggering $270 billion-comprising $33 billion for global light-gauge steel framing, $130 billion for global offsite construction, and $106 billion for global prefab home manufacturing-INNO Holdings’ expansion and modernization efforts are designed to address the rising demand within these segments. The expansion will add 3,500 square feet to the Company’s existing facility footprint, facilitating the integration of advanced robotic arms and leading-edge automation technologies. This leap forward underscores INNO Holdings’ unwavering commitment to spearheading manufacturing innovation, driving quality production, and maintaining competitive agility in the international arena. The automation overhaul is anticipated to achieve a 30% reduction in manual labor, supporting the Company’s strategic focus on technology leverage for operational efficiency and its dedication to enhancing employee well-being by transitioning human capital towards more skilled, less hazardous roles. The factory expansion and automation project commenced in February 2024 and is slated for completion by September 2024.