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Fiber glass fabric maker Fulltech conservative about 4Q11 outlook

Post Time:Nov 02,2011Classify:Company NewsView:238

Fulltech Fiber Glass is conservative about the business outlook for the fourth quarter of 2011 due to weak demand for fiber glass fabrics from the copper-clad laminate (CCL) sector, according to company chairman Yuan-Pin Chang.

Instead of cutting prices to win orders, Fulltech may raise the level of inventory in the fourth quarter in preparation for a possible rebound in demand in 2012, said Chang, adding that Fulltech will also shift more of its capacity for the production of industrial-grade fiber glass yarns.

Industrial-grade fiber glass yarns accounted for 60% of Fulltech's total production of fiber glass yarns in the third quarter of 2011 compared to 42% in the first quarter, the company noted.

 

Fulltech has posted net profits of NT$579 million (US$19.38 million), or an EPS of NT$2.05, on revenues of NT$3.38 billion for the first three quarters of 2011, according to company data.

 

Source: http://www.digitimes.comAuthor: shangyi

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