Taiwan-based China Electric Mfg. Corporation has seen banner revenue growth, mainly driven by exploring overseas markets for LED and traditional lighting in central, southern China and Southeast Asia in 2012.
A China Electric executive has confirmed that the company has started delivering LED bulbs in small quantities along with traditional lights to Southeast Asia since June, with shipment to increase monthly.
In addition, the executive says that the company’s LED bulbs come with chipsets licensed by U.S.’s CREE and Japan’s Nichia, so last longer with minimum luminous decay to be competitive in both domestic and overseas markets. The company’s Taiwanese subsidiary, TOA Optronics Corp., turns out 500 LED bulbs daily and plans to raise output to meet distributors’ demand.
Shipments of LED lighting has enabled the company to score sales of NT$630 million in May, up 9% from a month ago or 15.7% from a year earlier, to finish the first five months of this year with aggregate revenue of NT$2.887 billion, an 8.95% increase from the same period of 2011.
With momentum from LED lighting launched in the second quarter, the company confidently expects annual revenue for this year to cap that of 2011, with annual sales of LED bulbs to quadruple to exceed 500,000 units from some 100,000 units.