18 Mar '13, 8am

GTOC February 2013 performance down; may expand 3D molded glass production

GTOC February 2013 performance down; may expand 3D molded glass production

GTOC February 2013 performance down; may expand 3D molded glass production Siu Han, Taipei; Alex Wolfgram, DIGITIMES [Monday 18 March 2013] Optical glass processing services provider G-Tech Optoelectronics (GTOC), an affiliate of the Foxconn (Hon Hai Precision Industry) Group, saw its revenues drop 33.7% on month to NT$880 million (US$29.56 million) in February 2013. The drop was largely due to a decrease in operations as a result of the Lunar New Year holiday period, and may cause the company's first-quarter revenues during the year to decrease sequentially, according to industry sources. However, demand for protective glass products used on small-size tablet applications is expected to remain steady during March, which should bring in steady revenues in the first quarter. GTOC also expects its proportion of revenues from coated glass products to rise above 40% in the fir...

Full article: http://www.digitimes.com/news/a20130318PD215.html

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