Taiwan Lithium Battery Makers to Raise Prices in 2Q10
Due to continuous strong demand, Taiwan’s lithium battery makers are expected to raise prices in the second quarter, according to industry sources.
“Beginning in the end of 2009, fellow Japan-based battery companies including Nippon Chemi-con and Panasonic have contacted customers regarding price hikes and their Taiwanese distributors have since made necessary price adjustments of their own as well, sources said.”
Taiwan-based Gold Peak Industries are expected to follow suit in the second quarter with demand for lithium battery continues to outpace supply, sources added.
“Gold Peak posted first-quarter after-tax earnings of NT$125 million (US$3.98 million) or NT$1.46 per share. Consolidated revenues for the quarter were NT$738 million on 21-23% gross margin.”
In 2009, the company registered NT$2.94 billion in consolidated revenues, up 25.5%, with 23.4% gross margin. After-tax income reached NT$471 million or NT$5.94 per share.
(Source: digitimes.com)
Category: Battery News
