TSE-Listed Auto-Parts Makers Report Revenue Gains in July
2011/08/15 | By Quincy LiangTaipei, Aug.15 , 2011 (CENS)--Driven by recovering car sales in Taiwan, most listed original equipment (OE) auto-parts makers saw year-on-year (YoY) revenue gains in July.
Kian Shen Metal Works Co., Ltd., a major supplier of sheet-metal and vehicle-frame parts to local automakers, registered revenue of NT$134 million (US$4.6 million) in July, a 30.9% YoY increase, to which the maker attributes normalized production by its major customer Kuozui Motors Ltd. (local assembler of Toyotas) after the massive earthquake in March. In the first seven months, Kian Shen had cumulative revenue of NT$796 million (US$27.5 million), up 20.3% YoY.
E-Lead Electronic Co., Ltd., a major in-car infotainment system supplier, reported July revenue of NT$176 million (US$6.1 million), up 91.9% YoY; and cumulative first-seven-month revenue of NT$1.1 billion (US$36.7 million), up 64.6% YoY. The company said that its Thai factory, which supplies audio/video systems to local automakers, suffered deep sales drops after March but restored full-capacity in July.
Hota Industrial Manufacturing Co., Ltd., a transmission-parts supplier, had revenue of NT$232 million (US$8 million) in July, up 6.8% YoY; and cumulative revenue of NT$1.47 billion (US$50.8 million) in the first seven months, a 14.5% YoY increase, to which the maker attributes orders from major customer Punch's Chinese factory.
Right Way Industrial Co., Ltd., a major piston maker in Taiwan, enjoyed 17.2% YoY increase in July revenue, NT$83.4 million (US$2.9 million), with cumulative revenue of NT$577 million (US$19.9 million) in the first seven months, a 30.3% YoY increase.
Industry sources said that the American aftermarket (AM) replacement parts market, the most important for Taiwanese suppliers, is impacted by the poor economic performance there, where demand is expected by all major AM parts suppliers in Taiwan to grow in the fourth quarter, traditionally the high season, without which most suppliers on the island expect some revenue drops this year.