Delta Electronics to Challenge Double-digit Growth in 2013

Taipei, Dec.3, 2012 (CENS)--Despite uncertain climate in solar power, Delta Electronics Corp's honorary chairman Bruce Cheng said that due to expected growth in component sales, the firm will challenge double-digit growth in revenues in 2013,

Delta saw gross profit margin in the third quarter hit a historical high of 24.5%, which is expected to grow further due to the firm's continuous improvement in product mix, said Cheng.

Due to a merger between Delta's subsidiary Delsolar Co. and Neo Solar Power Corp., Delsolar's NT$5~6 billion (US$166.67~200 million) in revenues will no longer be combined into Delta's consolidated revenues. So to challenge double-digit growth in revenues in 2013, Delta has to seek other sources of revenue from other departments.

Due to sufficient supplies of passive components for Apple Inc., strong demand for power-supplies in cloud computing, along with increasing demand for industrial automation equipment, Delta‘s component sector is expected to grow in 2013, said Cheng.

In regard to the strategic alliance between Delsolar and Neo Solar, Cheng noted that Delta still aims to maintain competitiveness in solar power development, despite unbalanced supply and demand in solar power markets currently, and slowdown of subsidy policies in Europe.

Cheng stated that the firm may merge with firms in China.