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Co-Tech May Revenue was NTD435 million << Back to List
 
2013-06-05

Co-Tech May Revenue was NTD435 million

 

(June  5th, 2013 Taipei News)


Co-Tech Copper Foil (Ticker 8358) announced its May sales amounted to NTD435 million, sales

declined 2.4% compared to the same period last year, and increased 23.3% compared to the
 
previous month.  

 

The copper foil industry average selling price is set by adding a premium on top of the LME average

price of the previous month. Copper price enjoyed a stable month in May which is a favorable condition

to Copper Foil makers. The Notebook applicable copper foil enjoyed a close to 60% growth on a MoM

basis as customers delayed their orders in the previous month, the sales also was a over 7% growth

compared to last year. The copper foil applied on smart phones however declined close to 60% on both

a YoY and MoM basis due to inventory adjustment by customers in May. In the thick copper foil sector,

the automobile industry had the best performance with a 35% growth in MoM , and over 200% growth on

a YoY basis. In fact, it enjoyed a MoM and YoY growth from January to May, except for March. Co –Tech

factory caught fire on the 27th of May, June production will be impacted however, sales will have a much
l
esser impact as it can be partly covered by inventory.


 

Co-Tech is the only OTC listed ED copper foil supplier in Taiwan and its major application are on 3C

products, customers including CCL and PCB makers, thin copper foil applied on smart phones and

Notebook PCs are the major products of the company.

 


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