BenQ Corp (
The loss in the 12 months until Sept. 30 includes the company's own-branded business and its contract-manufacturing operations, Rick Lei (
There were two reasons for the delays, Lei said. First, Munich-based BenQ Mobile GmbH & Co sold custom-made phones for operators, so the customization and modification process took time.
But the more important factor was poor product management at the German unit, he said.
"The unit's management team didn't make enough effort to integrate their project, customer, supply chain operations," Lei said.
The loss was "unbearable" for BenQ, which has registered capital of NT$26.2 billion (US$794 million), Lei said.
If BenQ were to continue to keep the German unit, it would have to inject 800 million euros into the unit in the coming year, he said.
BenQ, the world's No. 6 mobile phone vendor by market share, filed for insolvency last week for the German operations it took over from Siemens AG last October, endangering 3,000 jobs.
Taiwan's biggest mobile-phone maker said it can still use the Siemens brand for four more years under the sale agreement.
BenQ expects Siemens to honor an agreement to pay an outstanding amount of at least 150 million euros from the deal, said Eric Yu (
Siemens, which faces criticism from workers, unions and politicians over BenQ's decision, and said on Friday it may take legal steps against the Taiwanese company.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
STABLE DEMAND: Delta supplies US clients in the aerospace, defense and machinery segments, and expects second-half sales to be similar to the first half Delta Electronics Inc (台達電) expects its US automation business to remain steady in the second half, with no signs of weakening client demand. With demand from US clients remaining solid, its performance in the second half is expected to be similar to that of the first half, Andy Liu (劉佳容), general manager of the company’s industrial automation business group, said on the sidelines of the Taiwan Automation Intelligence and Robot Show in Taipei on Wednesday. The company earlier reported that revenue from its automation business grew 7 percent year-on-year to NT$27.22 billion (US$889.98 million) in the first half, accounting for 11 percent
A German company is putting used electric vehicle batteries to new use by stacking them into fridge-size units that homes and businesses can use to store their excess solar and wind energy. This week, the company Voltfang — which means “catching volts” — opened its first industrial site in Aachen, Germany, near the Belgian and Dutch borders. With about 100 staff, Voltfang says it is the biggest facility of its kind in Europe in the budding sector of refurbishing lithium-ion batteries. Its CEO David Oudsandji hopes it would help Europe’s biggest economy ween itself off fossil fuels and increasingly rely on climate-friendly renewables. While