The government’s multi-year plan to replace the nation’s 1.3 million fluorescent street lamps with energy-saving LED lamps will provide a boost to the domestic LED industry, an analyst said yesterday.
“Companies from LED chipmakers to LED lamp suppliers are all potential beneficiaries,” an LED analyst with DRAMeXchange Technology Inc (集邦科技) said.
Replacement demand could create more than NT$13 billion (US$405 million) in revenue for LED street lamp manufacturers, the Taipei-based research firm projected.
Delta Electronics Inc (台達電) and Alliance Optotek Corp (中盟光電), an LED subsidiary of the nation’s No. 2 chipmaker United Microelectronics Corp (聯電) and Lite-On Technology Corp (光寶科技), which owns an LED lamp manufacturing arm Leotek Electronics Corp (光林), could also be potential beneficiaries.
The new pledge also helped cushion share prices of some local LED companies such as LED street lamp maker Bright LED Electronics Corp (佰鴻), whose shares rallied 4.67 percent to NT$41.5, beating the benchmark TAIEX, which plunged 2.23 percent yesterday.
The nation’s biggest LED chipmaker Epistar Corp (晶電) also out-performed the main bourse by tumbling 2 percent to end on NT$98.
Another LED lamp maker Genesis Photonics Inc (新世紀光電) edged lower 0.2 percent to NT$49.5, after announcing that it would collaborate with Japan’s JFE Holdings Inc to sell LED lamps used in factories, office buildings, bus stations and street lamps in Japan.
During a visit to Delta Electronics’ Taipei headquarters on Sunday, President Ma Ying-jeou (馬英九) said the government planned to replace the nation’s 1.3 million fluorescent street lamps with LED street lamps beginning next year.
This year, about 900,000 new LED street lamps will be installed around the world, up 50 percent from the 600,000 units installed last year, DRAMeXchange forecast.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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