LED automotive lighting module maker Laster Tech will soon begin to expand production capacity at its factory in Wuhan, China to meet increased demand from existing and new clients, according to the company.
China-based SUV (sports utility vehicle) maker Great Wall Motor as well as China-based automotive lamp makers Huayu Vision Technology (Shanghai) and Varroc TYC Auto Lamps are Laster's three largest clients, who have given Laster orders for new lighting modules. Laster has also obtained orders from a new client, China-based Beijing Sanli Auto Lamp, and will start shipments in fourth-quarter 2018.
Laster is lso upgrading production lines by adopting automated equipment and developing new models of automotive headlight and fog lamp modules.
Laster has reported consolidated revenues of NT$375.3 million (US$12.3 million) for June, rising 24.15% sequentially and 66.60% on year. Consolidated revenues for second-quarter 2018 reached NT$1.024 billion, decreasing 3.29% sequentially but increasing 36.23% on year, and those of NT$2.084 billion for January-June grew 17.70% on year.