Industrial PC (IPC) maker Ennoconn expects to post another double-digit increase in revenues for 2019, thanks to growing sales of its brand and ODM/OEM businesses, according to company chairman Steve Chu.
Chu said that the company's revenues and profits will continue rising in the fourth quarter of 2018 as Ennoconn has been aggressively working on reducing costs plus its S&T and Kontron brands are expected to see strong demand.
For 2019, although China's manufacturing industry is expected to be significantly affected by the US-China trade tensions, Chu believes the issue will not affect Ennoconn much as it only has a small share in the market, giving it a lot of opportunity to expand.
Currently, Ennoconn has around 16% of its revenues coming from China with 61% of it contributed by subsidiary Marketech International. Marketech's revenues from China are expected to stay flat or grow slightly on year in 2019.
Ennoconn has also seen increasing demand for IPC products from China's industrial and manufacturing industries and is also seeing orders for smart vending machines, which are expected to bring strong profits to the company.
Commenting on Foxconn Industrial Internet's new server-level edge computing project, Chu noted that the project is still at the very initial stage and is unlikely to achieve any major result in the short term.
Article translated by Joseph Tsai
