Page 2 - Chen Rou News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Electronic components supplier Lite-On Technology Corp (光寶科技) yesterday said it expects revenue to grow at a quarterly pace of 10 percent this quarter, thanks to shipment delays of some automotive devices, computers and consumer electronics due to key component shortages. The company’s revenue last quarter grew to NT$41.86 billion (US$1.49 billion) — its highest level in about seven quarters. “The fourth quarter is normally an off-season ... but the third quarter [revenue] was affected by component and material shortages. We believe it should be okay to [expect] 10 percent revenu...

Polyester fiber and plastics maker Shinkong Synthetic Fibers Corp (新光合成纖維) yesterday gave an upbeat outlook for the current quarter, expecting prices to remain high as a rally in crude oil prices is helping to prop up raw material costs. In addition, China’s power crisis and energy consumption controls have halted factory production and curtailed supply, Shinkong Synthetic president Samson Luo (羅時銓) told reporters on the sidelines of a product launch in Taipei. “We have seen a surge in prices of ethylene glycol and purified terephthalic acid, two important raw materials u...

Wire harness maker BizLink Holding Inc (貿聯控股) on Friday announced that it had reached a binding agreement with Leoni AG to acquire the German company’s Leoni Industrial Solutions for 451 million euros (US$522.9 million) in an all-cash transaction. BizLink’s board of directors approved the acquisition and the company is planning to fund the deal with cash and bank financing, the company said in a regulatory filing. BizLink has NT$9.062 billion (US$325 million) in working capital, it said. Leoni Industrial Solutions last year reported revenue of 430 million euros. It is a leading su...

Taiwan Cooperative Bank (合作金庫銀行), the nation’s largest lender by number of branches, yesterday issued NT$1 billion (US$36.16 million) of sustainability bonds and listed the debt on the Taipei Exchange. It is the first sustainability bond launched by a state-run bank and it pushes the total amount of sustainability bonds issued in Taiwan to NT$50.4 billion since the first was launched in October last year, the exchange said in a statement. The Taipei Exchange, which manages the listing and trading of the bonds, said they are a combination of green and social bonds, which are used ...

Crunch worsening, Hon Hai says COMPONENTS ISSUE: Hon Hai’s Young Liu said that although prices for components and raw materials have increased, their influence on the company would be limited Bloomberg Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), yesterday said that a global supply crunch that has hit the consumer electronics and automaking industries will worsen this quarter, after it weathered component shortages to post better-than-expected quarterly profit last quarter. The world...