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Lite-On predicts 10% revenue increase

Electronic components supplier Lite-On Technology Corp (光寶科技) yesterday said it expects revenue to grow at a quarterly pace of 10 percent this quarter, thanks to shipment delays of some automotive devices, computers and consumer electronics due to key component shortages. The company’s revenue last quarter grew to NT$41.86 billion (US$1.49 billion) its highest level in about seven quarters. “The fourth quarter is normally an off-season . but the third quarter [revenue] was affected by component and material shortages. We believe it should be okay to [expect] 10 percent revenue growth in the fourth quarter,” Lite-On president Anson Chiu (邱森彬) told investors

Republic ofT ai peiAnson chiuTechnology corpTaipei timesLisa wangLite on technology corpChen rouThe taipei times

Shinkong Synthetic gives a postive forecast for Q4

Polyester fiber and plastics maker Shinkong Synthetic Fibers Corp (新光合成纖維) yesterday gave an upbeat outlook for the current quarter, expecting prices to remain high as a rally in crude oil prices is helping to prop up raw material costs. In addition, China’s power crisis and energy consumption controls have halted factory production and curtailed supply, Shinkong Synthetic president Samson Luo (羅時銓) told reporters on the sidelines of a product launch in Taipei. “We have seen a surge in prices of ethylene glycol and purified terephthalic acid, two important raw materials used to produce polyester fibers. That has prompted price increases for polyester

T ai peiDilmei olkeriiEric wuSamson luoShinkong synthetic fibers corpShinkong textile coTaipei timesShinkong syntheticLisa wangSynthetic fibers corpPalauan ambassadorTaiwan dilmei olkeriiChen rouJiangsu provinceThe taipei times

BizLink to take over industrial solutions firm

Wire harness maker BizLink Holding Inc (貿聯控股) on Friday announced that it had reached a binding agreement with Leoni AG to acquire the German company’s Leoni Industrial Solutions for 451 million euros (US$522.9 million) in an all-cash transaction. BizLink’s board of directors approved the acquisition and the company is planning to fund the deal with cash and bank financing, the company said in a regulatory filing. BizLink has NT$9.062 billion (US$325 million) in working capital, it said. Leoni Industrial Solutions last year reported revenue of 430 million euros. It is a leading supplier of cables and cable systems for a wide range of

T ai peiUnited statesRoger liangBizlink liangTaiwan stock exchangeBizlink holding incLeoni industrial solutionsSpeedy industrial supplies pte ltdTaipei timesChen cheng huiChen rouIndustrial solutionsNorth americaThe taipei times

Hon Hai developing improved battery for electric vehicles

Hon Hai developing improved battery for electric vehicles
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

T ai peiLong time technology coChina steel chemical corpTaipei timesChina steel corpHon hai precision industry coFoxconn technology groupGiga solar materials corpLong time technologyHon haiAngelica oungChina steel chemicalGiga solarChen rouSteel chemical

Hu Lane announces Lear joint venture, shares rally

Hu Lane announces Lear joint venture, shares rally
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.

T ai peiHsin pei shihChang tzu hsiungHu lane associate incYuanta securities investment consulting coLear corpTaipei timesLear china holding ltdChangan automobile coTaipei exchangeGeely automobile holdings ltdLisa wangNew taipei citySijhih districtHolding ltdLane associate inc