Coretronic to raise capital spending by 10% this year
GROWING DEMAND:
The LCD backlight module maker plans to spend NT$1.27 billion to buy new equipment, as well as expand its cleanrooms in China and Vietnam
By Lisa Wang / Staff reporter
Coretronic Corp (中強光電), a manufacturer of LCD backlight modules, yesterday said it plans to boost capital expenditure this year by 10 percent to cope with growing customer demand for TVs.
Coretronic plans to spend NT$1.27 billion (US$44.82 million) to buy new manufacturing equipment, as well as expand its cleanrooms in China and Vietnam, as it expects TV backlight module shipments to grow more than 50 percent this year.