Co-Tech August Revenue was N TD395million
(Sept 6th, 2013 Taipei News)
Co-Tech Copper Foil (Ticker 8358) announced its August sales amounted to NTD395 million.
Due to the fire of the 2nd factory in May which impacted the thin copper foil production capacity.
The production capacity managed to recover about 80% in August and drove the August Sales up
by 41.8% on a MoM basis, but still a 1.8% decreased compared to the same period last year.
Although economy fundamentals remained, sales of the Smartphone and NB used thin copper foil
managed to double its August sales on a MoM basis and by more than 10% compared to the same
period last year. Thick copper foil for automobile still enjoyed the best sales among, with over 160%
and 20% growth on a MoM and YoY basis respectively. The LME copper price for August increased
4.2% compared to the previous month, however, average copper price were considered stable from
April to August.
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.