Local electronics component conglomerate Lite-On Group (光寶集團) yesterday said it expected revenues to rise to NT$400 billion (US$12.47 billion) in 2013, helped by the rapid expansion of its green energy businesses.
Lite-On Group has led local peers in exploring growth in clean energy businesses, including LED modules for computers and TVs, LEDs for general lighting and automobiles, solar panel installation and charging stations for electric cars.
This year, the group expects to make about NT$200 billion from its conventional component business, group chairman Raymond Soong (宋恭源) told a media briefing.
Lite-On Technology Corp (光寶科技), the group’s biggest revenue source, is the nation’s No. 2 maker of power supplies, LED modules and PC keyboards. Other group members include Leotek Electronics Corp (光林電子), which makes LED lighting, and Lite-On Green Technologies Inc (光寶綠能), which provides solar panel installation services for companies including Swedish furniture manufacturer, IKEA.
Green energy businesses, excluding power supplies, are expected to account for up to 25 percent of the group’s revenues in 2013, group vice chairman and chief executive David Lin (林行憲) said.
LED revenues are expected to make up the biggest part of its new business, with sales of LED modules and lighting for interiors, automobiles and traffic lights reaching NT$50 billion in 2013, Lin said.
Lite-On Group’s power charging station business is also progressing, and talks with Chinese and European firms are ongoing. Lin said revenue from this business could reach NT$5 billion in 2013.
Lin is expected to be named head of the group’s new strategic committee after Lite-On Technology’s board gave the go-ahead to a major management change.
David Chen (陳廣中) will succeed Lin as group chief executive, while Lite-On Technology chief executive Terng Kuang-chung (滕光中) will double as deputy chief executive of the group.
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