Taiwan-based Wah Lee Industrial, which mainly distributes materials for semiconductors and flat-panel displays (FPDs), has announced plans to open a new branch office in South Korea as part of its market deployment in the Asia Pacific. The IC material distributor has set up sales spots in China, Japan and Singapore.
In addition, Wah Lee noted that its business focus for 2010 will be placed on products for LEDs, solar modules and other renewable energy applications. The segment is likely to be its key growth driver for the year.
Wah Lee expects revenues for 2010 to return to pre-crisis levels. The revenue ratio between the first and second halves of the year is estimated at 48:52.
Wah Lee generated revenues of NT$12.97 billion in 2009, down 25.6% on year. Revenues for the first five months of 2010 totaled NT$7.24 billion, showing 69.5% growth from a year earlier.
Article translated by Jessie Shen
