TYC Brother Industrial Co (堤維西), which makes lighting products used in vehicles, expects an 8 percent increase in annual revenue next year thanks to increased sales from its subsidiaries, a company executive said on Tuesday last week.
TYC Brother revenue is expected to expand to NT$20 billion (US$630.06 million) next year, compared with NT$18.5 billion this year, the company said.
Sales from China-based Varroc TYC Auto Lamps Co (大茂偉瑞柯), which TYC Brother owns 50 percent of the shares, are expected to rise to 1 billion yuan (US$160.66 million) next year from 900 million yuan this year, after Varroc TYC acquires a factory in Changchun in Jilin Province, the company said.
Sales from JUOKU Technology Co (儒億科技), 70 percent owned by TYC Brother, are expected to rise to NT$1.92 billion next year, up from NT$1.8 billion this year, TYC Brother said.
JUOKU Technology’s new factory in Indonesia is expected to generate revenue of NT$500 million next year, reaching its break-even point, up from NT$400 million this year, TYC Brother said.
JUOKU Technology would also set up a subsidiary in Malaysia and rent a factory there next year, Wu Chun-chi (吳俊佶), company chairman chairman, told reporters.
“TYC Brother’s division in Taiwan is to supply products to the aftersales market in Europe and the US, while Varroc TYC will focus on original equipment manufacturing business in China and JUOKU Technology will deal with the original equipment manufacturing business in Southeast Asia,” Wu said.
In the past three quarters, sales for TYC Brother’s Taiwanese division accounted for 65 percent of its NT$13.77 billion revenue, while Varroc TYC contributed 25 percent and JUOKU Technology 10 percent, according to the company.
From January through September, TYC Brother registered profit of NT$323.6 million, or NT$1.04 per share, up from NT$161.49 million, or NT$0.52 per share, the previous year, benefiting from rising sales in the US after it seized control of Genera Corp, a retail company, according to the company.
The company is expected to post a pretax profit of NT$2 per share this year, it said.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS