LED packaging company Ligitek Electronics is building a new facility at Shulin Datong Technology Park with a total investment of over NT$1 billion (US$32.5 million), and the company expects the new facility to help increase its monthly capacity of SMD LEDs by three times, while doubling its solar module capacity.
Ligitek CEO Jackson Torng indicated that the company aims to increase its monthly SMD LED capacity from 20-30 million chips to 60-70 million chips by 2009, with production mainly targeting plat panel display applications and general lighting. The company has already started shipping small volumes of high-power LEDs to the China and Europe markets, Torng pointed out.
Ligitek's solar module production is done through its subsidiary, Ligitek Photovoltaic, in which Ligitiek recently increased its investment capital to NT$210 million. Ligitek is also hoping to bring in investment from Japan-based Marubeni, with the goal being that Marubeni take a 3-5% stake in Ligitek Photovoltaic.
Torng indicated that Ligitek Photovoltaic's annual capacity will expanded from 35MWp to 60~70 MWp by 2009.
The subsidiary will contribute more than NT$100 million to Ligitek's revenues in May, with the contribution even having a chance to surpass NT$200 million, amid strong current order visibility, Torng stated. Ligitek's total revenues for April were NT$151 million, up 60.7% from the same period last year, but down slightly from March 2008 revenues of NT$160 million. Torng indicated April revenues were affected by a shortage of material for its solar module business, though he added the company has secured sufficient supply for May.
