Taiwan-based PCB maker Taiwan PCB Techvest (TPT) expects revenues to stay flat or grow slightly on quarter in the first quarter of 2011, judging from current order visibility. Demand is picking up as customers complete their inventory adjustments, according to the company.
But the quarter could see a moderate revenue decline, due to fewer working days in February and other uncertainties such as currency fluctuations, TPT said. The company mainly makes optoelectronics boards for LCD TV, monitor and notebook applications.
TPT has budgeted NT$1.3-1.5 billion (US$44-51 million) in capex for 2011, compared to the NT$1.3 billion allocated in 2010. The 2011 capex will be used on equipment purchases as well as investment in fellow PCB companies Yeu Hwan Technology and Yang An Electronics.
In other news, TPT announced its board of directors has approved plans to invest about NT$104 million to take a portion of the new shares to be issued by Yeu Hwan Technology through private placement. Accordingly, TPT's stake in Yeu Hwan will climb to 44.21% from the current 37.73%.
Article translated by Jessie Shen
