Taiwan Huaxing Electronics plans to build a third LED packaging factory in mainland China

Frank Liu, chairman of LED lighting packaging company Ledtech Electronics, said that the company plans to reach 30-40% of its orders, which is higher than its current capacity. The mainland established a third LED packaging factory.

Frank Liu pointed out that in 2010, the company's revenue growth is expected to exceed 50%, and capital expenditure will reach 10 million US dollars.

Huaxing Electronics also said that in order to integrate all resources, Huaxing plans to build a third LED packaging plant in the area adjacent to the existing production base in Guangdong.

In 2009, Huaxing announced its net profit of NT$98 million (approximately US$3.08 million) and earnings per share of NT$0.85. In 2009, the company's total revenue totaled 1.33 billion Taiwan dollars.

Currently, the US market accounts for 50% of the company's total business, followed by 40% from Taiwan, Japan and the mainland market, and 10% from the European market. Huaxing expects that in 2010, due to the increasing number of customers and orders, the company's business scope in the European market will continue to expand.

Fan Ho-Ming, president of the company, said that Huaxing Electronics' AC LED strips have been certified to meet the safety, health and environmental needs of EU consumers, and the products have also obtained CE certification. He also said that Huaxing Electronics plans to apply for UL certification in the United States in order to maintain its competitiveness in the US market.

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