Taiwan-based makers of aluminum electrolytic capacitors plans to raise their quotes by 10% on average in May-June as their profits have been eroded by rising aluminum foil prices, according to industry sources.
Taiwan Chinsan Electronic Industrial reported that its gross margin dropped to 20.43% in the first quarter compared to 26.7% a year earlier due to increased cost of aluminum foils.
However, Chinsan revealed current orders for its aluminum capacitors, including high-end polymer and metalized polyethylene naphthalate (PEN) models, have outpaced its capacity.
The company plans to jack up its capacity for PEN capacitors to three million units a month from the current level of two million units soon and also to ramp up the capacity of solid capacitors at its plant in Thailand to 50 million units a month by the end of the third quarter.
Article translated by Steve Shen
