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Taiwan IC- and LCD-equipment makers post strong June sales

Source :Digitimes          update : 2010-07-15

All Ring Tech's revenues hit a monthly high in June 2010, while both Gallant Precision Machining (GPM) and Mirle Automation enjoyed sequential revenue growth of over 10% in the month, according to the companies. Csun Manufacturing saw June consolidated revenues rise 13% on month, helped by growing orders.

All Ring's revenues reached NT$130 million (US$4.05 million) in June, topping the company's previous high of NT$123 million in May. The June figure showed 126.5% growth from a year earlier, when customers remained cautious in their spending. All Ring mainly supplies equipment used in the production of passive components and LCD panels. The company has also stepped into making equipment for the backend production of LEDs, and expects the new segment to contribute 10-15% to its total revenues in 2010.

GPM generated revenues of NT$290 million in June, the highest since January 2009. Revenues for the first six months of 2010 totaled about NT$1.3 billion, up 42% on year. GPM has moved to diversify its product lines. The company used to mainly develop production equipment for the LCD and IC sectors, but has diversified into the manufacturing of equipment for solar cells. GPM revealed the backlog in its orders now reaches almost NT$2 billion.

Mirle, specializing in FPD equipment, announced June revenues grew 11% sequentially to NT$446 million. Accumulated revenues from January through June reached NT$2.33 billion, a 59% increase from 2009. Mirle said its quarterly revenues hit bottom for the year in the first quarter. It expects to enjoy sequential revenue growth through the last quarter of 2010, according to the company.

Csun has posted consolidated revenues of NT$321 million in June 2010, showing growth of 13% on month and 108.6% on year. The maker of PCB and LCD equipment said its book-to-bill ratio has been above one for four quarters in a row, and it now has a backlog of orders worth NT$1.6 billion.