Taiwan's China Electric Sees Robust Revenue from China and SE Asia

Taipei, Jun. 14, 2012 (CENS)--Seeing returns from deployment in China and Southeast Asia, the Taiwan-based China Electric Mfg. Corporation, an established maker of lighting, is seeing banner revenue growth so far in 2012.

A China Electric executive say that business growth will be mainly driven by exploring overseas markets for LED and traditional lighting in central, southern China and Southeast Asia this year, confirming that the company has started delivering LED bulbs in small quantities along with traditional lights to Southeast Asia since June, with shipment to increase monthly.

Shipments of LED lighting has enabled the company to score sales of NT$630 million in May, up 9% from a month ago or 15.7% from a year earlier, to finish the first five months of this year with aggregate revenue of NT$2.887 billion, an 8.95% increase from the same period of last year.

The executive says that the company's LED bulbs come with chipsets licensed by U.S.'s CREE and Japan's Nichia, so last longer with minimum luminous decay to be competitive in both domestic and overseas markets. The company's Taiwanese subsidiary, TOA Optronics Corp., turns out 500 LED bulbs daily and plans to raise output to meet distributors' demand.

With momentum from LED lighting launched in the second quarter, the company confidently expects annual revenue for this year to cap that of last year, with annual sales of LED bulbs to quadruple to exceed 500,000 units from some 100,000 units.