LED chip packager Ledtech Electronics is expected to ship four million LED light bars in 2011, compared to a total of six million units shipped in previous years.
Ledtech indicated that the company had focused on the US and Europe markets in the past, but it has allocated more resources to China and Southeast Asia since 2010, and 2011 is the harvest period. Ledtech's assembly business (including low-temperature and mainstream LED lightings) will account for 70% of 2011 revenues versus 55% in 2010, and its component business (SMD, lamp, display) will drop to 30% from 45%.
In LED low-temperature light bars, Ledtech has received orders from Coca Cola, Pepsi Cola and Taiwan's hyper markets and convenience stores, which should provide strong growth momentum. The company also acquired a plot of land earlier this year in Guangdong, China, and will begin constructing its third LED light bar plant.
Ledtech reportedly has plans in specialty lighting for the commercial segment. The company is currently acquiring the necessary patents and is scheduled to begin volume production in 2012, according to industry sources.
Ledtech's January consolidated revenues were NT$143 million (US$4.8 million), up 5.95% sequentially and but down 9.38% on year. Pre-tax profit for the month came to NT$18.47 million or NT$0.15 a share versus a loss of NT$6.68 billion in December. The company projects first-quarter revenues to rise 15% sequentially on strong shipments for low-temperature and LED light bars.