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Ching Chan Optical Expects Better Annual Revenue for 2014
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2014-10-02
Ching Chan Optical Technology Co., Ltd, a major manufacturer of screw sorting machine gives brightened sales performance so far this year (2014). Revenue of the last 9 consecutive months surpasses that of the previous period. Shipment exceeds 300 units. Full year revenue is expected at over NTD 600 million. The company's revenue for 2013 is around NTD 350 million. President Alex Wu announced 40% growth goal for 2014 revenue on a business meeting with cooperative partners. Given the current situation, the company may reach the goal even earlier.
With the sales remained at high speed growth, the plant is running out of manufacturing capacity. Last year the company invested NTD 350 million in a 9,917 square meter plant. This new plant will be completed at the end of October and start operation at the start of 2015 fuel more sales. Recently the company has acquired another Taiwan-funded sorting machine plant, and engaged in production and sales of screw forming machines. These moves are coupled with the initiation of the new plant to power up for the sake of global deployment in 2015.
The company's capital is valued at NTD 218 million. Currently, the company is proactively preparing for going public in Q4 2016.
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