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Worcol forecasts bigger touch-panel revenues

Posted: 16 Apr 2004 ?? ?Print Version ?Bookmark and Share

Keywords:worcol? touch panel?

Worcol Int. Corp. is projected to earn NT$1.1 billion ($33.43 million at NT$32.90:$1) this year, or four times as much as it realized last year. According to J.Y. Kao, president, the company's revenues will be boosted by the production of its new offshore factory in Suzhou, mainland China. "The first phase of our Suzhou facility began mass producing 3.8-inch touch panels in October last year. Its monthly capacity is 2 million units," he said.

Construction of the factory, valued at NT$200 million ($6.08 million), began last year and is expected to be finished in 2005. "Upon its completion, its production capability will expand to 10 million, which is five times more than the current capacity of our Taiwan plant," Kao noted.

Worcol manufactures 2.2- to 19-inch touch panels. The demand for its 2.5-inch and 3.8-inch models, applied in PDAs and mobile telephones, has been increasing since the second half of last year, Kao adds.

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