Tue, Feb 03, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

COMPONENTS

Ichia sales grow 6 percent

Handset keypad maker Ichia Technologies Inc (毅嘉科技) yesterday reported a 6 percent monthly growth to NT$804.35 million (US$25.41 million) in sales for last month, citing strong demand for its mechanical integrated components. The company said sales of the mechanical integrated components, which accounted for 32 percent of total sales, jumped 19 percent monthly to NT$260 million last month, marking the highest sales in that segment in the past 18 months.

FLAT PANELS

Innolux gets loan for debts

Innolux Corp (群創), the nation’s biggest LCD panelmaker, has obtained a syndicated loan from credit banks to primarily repay debts, the company said in a filing with the Taiwan Stock Exchange yesterday. Innolux planned to borrow NT$60 billion to NT$70 bilion to pay back bank loans. As a result, the company decided to cancel the offering of new shares worth NT$9.36 billion in the form of global depositary receipts. The cancellation will help Innolux avoid capital shares from swelling.

INFRASTRUCTURE

Water shortage to hit firms

Most of the nation’s electronics, petrochemical, textile, metals, pulp and paper-making industries are expected to be affected by potential stricter second-phase water rationing, the Ministry of Economic Affairs said yesterday. The ministry last week said it would not rule out reducing water supplies later this month after the Lunar New Year holiday. The ministry said the second-phase water rationing measure would reduce the supply of water every day to all manufacturers in the nation by 67,000 tonnes. A large portion, about 81 percent, of the reduction would come from water consumers in the aforementioned industries, the ministry said.

DIGITAL CAMERAS

Camera ODM shipments rise

The nation’s top four original design manufacturers (ODM) of digital cameras saw their fourth-quarter shipments increase over the year-end holiday season, according to Taipei-based research company Digitimes Research. Ability Enterprise Co (佳能企業), Altek Corp (華晶科), Asia Optical Co (亞洲光學) and Hon Hai Precision Industry Co (鴻海精密) shipped a total of 3.99 million digital cameras during the last three months of last year, up 13.9 percent from the previous quarter and up 15.7 percent from a year earlier, Digitimes Research said in a report on Thursday last week. Among the four ODMs, Ability Enterprise accounted for 68.5 percent of the fourth-quarter shipments, followed by Altek with 23.5 percent, Hon Hai with 4.5 percent and Asia Optical with 3.5 percent. Despite the fourth-quarter rise, Digitimes Research estimated that 42.29 million digital cameras were shipped globally last year, a plunge of 31.5 percent year-on-year, and that global shipments this year are expected to drop by a further 25 percent.

AVIATION

VietJet offering free tickets

Vietnamese carrier VietJet Air, which started operations in Taiwan last year, yesterday said that it would offer free flight tickets online to celebrate its expanding passenger volume, which reached 10 million last month. The campaign plans to offer a total of 300,000 free tickets that are to cover the route between Ho Chih Minh City and Taipei via Taiwan Taoyuan International Airport, the budget airline said. The tickets are to be made available between noon and 3pm through Feb. 12, after the airline saw its 10 millionth passenger, a South Korean woman, on Saturday.

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