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.
Category: Battery News