Taiwanese touch panel manufacturer TPK announced that the company will double its capital expenditure in 2011, according to a February 24, 2011 report by the Economic Daily News of Taiwan. It is reported that the company plans to spend approximately NT$20.3 billion (US$681.2 million; US$1=NT$29.8) this year, up from NT$9.4 billion (US$315.4 million) in 2010. It is projected that the spending increase is aimed to strengthen the company's vertical integration and boost production capability of back-end products, cover glass and touch sensors in particular.