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Home Equipment foundries posted mix results

The equipment foundries in Taiwan experienced some mixed financial results based on orders from their famous vendors. Thanks to new orders from international clients as Nike, Ping and Bridgestone, O-TA scored revenues of NT$426 million (US$14.2 million) in October, up 7.6% from a month earlier to set a new monthly high in the year.  In the same month Advanced posted revenues of NT$477 million (US$15.9 million), for a monthly drop of 7.2% or an annual fall of 17.21%. Likewise, Dynamic’s revenue fell a monthly 7.34% or an annual slump of 30.15% to NT$89 million (US$2.97 million). Nevertheless, the two companies both anticipate sizable monthly growths of over 50% in revenues this month due to production line upgrades. READ MORE>>>