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Company News >> Lingju Technology will increase production capacity of automotive and industrial control panels 1st,July,2019
                                           It is reported that Taiwan's flat-panel manufacturer Lingju Technology has revealed that it will strive to consolidate its position in the niche market for small and medium-sized display products, and said that its shipment ratio of automotive and industrial control panels will rise slightly in 2019.

Akimitsu Matoba, president of Lingju Technology, said that after the loss in the first quarter of 2019, the company's revenue improved in the second quarter, and this momentum will continue into the second half. The company is expected to return to profit in the second quarter of this year due to the sale of one of its subsidiaries in Kunshan, China, at the end of 2018, which generated NT$853 million (US$27.60 million) in non-operating income.

Matoba said that Lingju Technology will strengthen its cooperation with the parent company Toppan Printing Co., Ltd. to expand its sales or product mix, and adjust the production line to solve the problem of oversupply in the flat panel industry and the uncertainty caused by Sino-US trade disputes. The area of ​​cooperation may include joint marketing of system logistics operations or color filters.

At present, Lingju Technology is increasing the production of its automotive and industrial control application panel modules in Taiwan. These modules will be shipped to customers in the US; in addition, the company does not rule out the possibility of further expanding the module capacity in the Taiwan market to cope with the market. Future needs.

Affected by the increase in shipments in the US market, sales of automotive panels will account for 30-33% of total revenue in 2019, up from 30% in the same period last year, while the proportion of industrial control panels is expected to climb from 50% to 55%. %.

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