General air compressor maker Lida Holdings has reported consolidated revenues of NT$775.1 million (US$25.5 million) for June, growing 3.93% sequentially and 7.98% on year, while pneumatic automation component maker Taiwan Chelic's consolidated revenues for June reached NT$159.8 million, decreasing 7.19% sequentially but increasing 4.69% on year.
Lida said screw compressors shipped in June accounted for 47.8% of its consolidated revenues, piston compressors for 36.3% and scroll compressors for 12.7%. Lida said it is making efforts to develop smart and energy-saving air compressors to meet increasing demand for industrial automation.
Lida said it has set aside a budget of CNY488.7 million (US$76.7 million) for constructing a factory in China, with construction to begin in third-quarter 2018 and complete in 2-3 years. The factory will mainly produce energy-saving high-efficiency screw compressors.
Taiwan Chelic keeps showcasing products at international exhibitions to promote its own brand Chelic. It will attend China Shenzhen International Electronic Equipment Industry Fair during July 26-28 and Taipei Industrial Automation Exhibition during August 1-4.
Lida posted consolidated revenues of NT$2.154 billion for the second quarter, rising 14.11% sequentially and 8.39% on year, and those of NT$4.041 billion for January-June increased 7.02% on year. Taiwan Chelic had consolidated revenues of NT$490.5 million for the second quarter, growing 29.55% sequentially and 18.10% on year, and those of NT$869.1 million for January-June rose 27.94% on year.
Article translated by Adam Hwang
