TSE-Listed Auto-parts Makers Ta Yih and Tong Yang Report Good May Results

Taipei, June 19, 2012 (CENS)--Ta Yih Industrial Co., the leading original equipment (OE) auto-lamp maker in Taiwan, registered revenue of NT$379 million (US$12.6 million) in May, up 40% year-on-year (YoY).

Tong Yang Industrial Co., Ltd., another listed and the largest maker of auto-parts in Taiwan, announced revenue of NT$1.1 billion (US$36.8 million) in May, up 2.5% YoY.

Both companies are optimistic toward strong demand from China.

In the first five months, Ta Yih had accumulated revenue of NT$.178 billion (US$59.3 million), up 8.5% from a year earlier, and expects even-better results in the second half.

According to Ta Yih, June is the typically the peak period in Taiwan during which automakers start campaigns to stimulate sales. In addition to increasing demand from local automakers, Ta Yih's auto-lamp exports through local automakers as Kuozui Motors Ltd. (maker of Toyotas), Yulon Nissan Motor Co. (Nissan), and Luxgen Motor Co., Ltd. (Yulon Group's own brand) to the Middle East, Brazil, Indonesia and China etc. have been increasing monthly.

Ta Yih has also won export orders for auto-lamp molds and dies from overseas affiliates of long-term Japanese partner Koito Group, as well as claiming double-digit revenue growth this year. To meet ever-increasing demand, Ta Yih has begun expanding capacity and procuring needed manufacturing equipment.

Tong Yang had accumulated revenue of NT$5.24 billion (US$174.7 million) in the first five months, a 0.05% YoY decline, claiming new joint-venture factories with automakers in Changsha, Hunan Province, Foshan, Guangdong province, and Xiangyang, Hubei Province will raise annual auto-parts capacity by 1.15 million unit to some 5.1 million units. While the Chinese central governmental subsidies targeting passenger cars to drive the automotive industry, according to Tong Yang, will also fuel demand in the world's largest automobile market.