Optimistic about LED lighting long term developments , Taiwanese secondary optical lens manufacturer LedLink purchased a new factory in Yangzhou at the end of 2012 and expanded production capacity in 2013 which is to continue on into 2014. The number of additional equipment that will be added has yet to be determined. However, initial capital expenditure is estimated to be around US $7-8 million (NT $210-240 million) in 2014, which is similar to 2013.
Benefitting from Yangzhou factory performance, consolidated revenue from Jan.-Nov. 2013 reached NT $1.05 billion, a yearly increase of 31.13 percent. However, revenue plummeted in December NT $108 million compared with November due to stock checking and Christmas holiday season. December is still estimated however to show growth compared to 2012. Revenue performance for 2013 is anticipated to have a yearly growth of 30 percent.
LedLink continues to be optimistic about the development of the LED lighting industry, targeting professional lighting application markets such as street lights and industrial lights. The company will continue production expansion in 2014. Aside from increasing the number of injection molding machines, the company also plans to add additional high precision CNC molding machines. The number of new machines has not yet been determined but it is estimated that the company will have a capital expenditure similar to 2013 of US $7-8 million in 2014.