Mon, Jul 15, 2013 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

ELECTRONICS

Innolux retains top spot

Taiwanese flat-panel maker Innolux Corp (群創光電) retained its title as the world’s largest 4K2K ultra high definition TV panel supplier last month, Chinese-language Web site DigiTimes said on Saturday. Amid inventory adjustments by global flat screen business last month, Innolux accounted for more than 65 percent of the world’s 4K2K TV screen shipments, DigiTimes said. Since China ended its year-long subsidy program for TV purchases on May 31, TV screen makers have been adjusting inventories amid signs of cooling demand, DigiTimes added. Last month, Chinese TV brand TCL, suffered a 35 percent fall in shipments from a year earlier, while rival Skyworth’s (創惟) shipments fell 17 percent month-on-month, DigiTimes said. Buying during China’s May 1 Labor Day holiday failed to boost 4K2K TV sales significantly, prompting flat-panel makers to be more cautious about 4K2K panel shipments, DigiTimes said.

ENERGY

Gasoline prices to rise

The nation’s oil refiners yesterday announced they would raise their gasoline and diesel product prices, effective today. CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) are to increase gasoline and diesel prices by NT$0.5 per liter after global crude oil prices rose last week due to a decline in US crude inventories and expectations of increasing demand as the market enters the summer season, CPC said. It said the price hikes reflected a 2.02 percent increase in its average crude oil costs of US$104.91 per barrel last week from the previous week. Formosa said global crude oil prices also rose last week due to increased concerns about oil supply from the Middle East following Egypt’s political tensions. The company said it would match CPC’s price adjustments.

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