Co-Tech January Sales was NTD391 Million, increased 33% MoM
Co-Tech (TWN Stock code 8358) announced its January self consolidated sales amounted
to NTD 391 million, a 1% decline on a YoY basis and a 33% growth on a MoM basis.
Among its January shipment, its 1/3oz thin copper foil, mainly applied on smart phones,
enjoyed a historical high in both its shipment and sales. Co-Tech missed its 1/3 oz growth
with the global smart phones last year due to the damaged caused by a fire, fortunately, it
was able to recover close to 100% of its production in the 4th quarter, and expects to
increase its smart phones used 1/3 oz shipment this year.
The shipment of copper foil applied in Notebook computer enjoyed a growth too, driven
by the PC change wave.However, due to technology improvement, NB were able to switch
to a cheaper and slimmer copper foil, therefore, sales was not able to reflect such growth.
Co-Tech’s copper foil for automobile shipment was quite stable in January, in line with
market expectation this year. According to some marketing research agencies, the PCB
industry is expected to enjoy a about 3% growth in year 2014, which is higher than the
average 0.8% growth in year 2013.Besides, the 2014 is the expected wave of replacement
for PCs, a favorable year for the copper foil industry.
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.