Taiwan LED picking factory Jiuyuan (6261) will spend 10 million US dollars to set up a factory in Changzhou, Jiangsu Province, its investment amount and capacity planning are three times as many as the Xiamen plant, the subsequent expansion will be based on customer needs. It is expected that the first quarter of 2011 will be trial production.
It is reported that Jiuyuan cooperated with the largest customer Jingdian (2448) order demand, in 2010, spent 3 million US dollars to set up a factory in Xiamen, monthly capacity planning of 10,000 (LED picking foundry). The Xiamen plant started a small amount of trial production in July and August. It is expected that the production capacity will gradually reach full capacity at the end of Q4. The operating performance of the plant will be treated first in profit and loss.
The machinery and equipment of Changzhou Plant will not be in place until Q1 2011, and the trial production operation will be carried out.
Regarding the outlook of Q3, Jiuyuan said that LED picking and foundry business and self-made equipment demand is better than expected, and the demand for IC testing has improved slightly since August. Observing the current orders to ship, Q3 camp The harvest will be expected to grow 10% from Q2, which is better than the original single digit estimate.
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