Tue, Jan 10, 2012 - Page 11 News List

Motech sales fall to 30-month low

By Kevin Chen  /  Staff Reporter

As a result of falling prices and weak demand, Motech Industries Inc (茂迪), the nation’s biggest solar cell maker, reported its weakest sales in nearly two and a half years last month.

The company based in Greater Tainan said yesterday that its consolidated sales dropped to NT$931 million (US$30.82 million) last month, down 24.72 percent month-on-month and 79.08 percent less than a year earlier.

Last month’s figure was the lowest since May 2009 when the company posted NT$804 million in sales during the global financial crisis, company data showed.

Motech, in which global foundry leader Taiwan Semiconductor Manufacturing Co (台積電) owns a 20 percent stake, said fourth-quarter sales fell 47.8 percent to NT$3.95 billion from the third quarter, according to figures posted on the company’s Web site yesterday.

The fourth-quarter numbers represented the lowest since the second quarter of 2009 when it reported NT$2.92 billion in sales, data showed.

For the full year, Motech said its sales totaled NT$28.22 billion, down 27.53 percent from 2010.

The company — along with Green Energy Technology Inc (綠能科技), the nation’s biggest solar wafer maker, and Giga Solar Materials Corp (碩禾電子), a photovoltaic conductive paste maker, likely saw their sales bottom out last quarter, as they recently received rush orders, the Chinese-language Economic Daily News reported yesterday, citing unnamed industry sources.

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