Co-Tech Jun Sales was NTD299 Million, increased 10% YoY
(July 9th 2014, Taipei News)
Co-Tech (TWN Stock code 8358) announced its June self consolidated sales amounted to
NTD 299 million, a 10% increased in sales on a YoY basis. The decline in copper prices
in June has caused some customers to delay their shipment and thereby sales has declined
16% on a MoM basis.
Close to 60% of June sales were contributed by thin copper foil which are applied on Notebook
computers and Smart phones. The thin copper foil sales declined close to 17% on a MoM basis,
‘and declined close to 28% on a YoY basis. The thick copper foil sales also experienced a 16%
decline and a 6% decline on a MoM and YoY basis respectively. As July Copper prices has
increased over 4%, Co-Tech expects a stronger sales in July.
The copper foil industry will experience greater competition in the 2nd half of the year due to new
production capacity built. Co-Tech has invested in copper oxide powder in an effort to drive sales to
counter the intense copper foil market competition. Co-Tech will commence sampling in the 3rd
quarter to their PCB customers for certification and since certification process is expected to be long,
Co-Tech expects to start shipment in the 4th Quarter.