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Delta to Tap Chinas' Biz Opportunities From 12th Five-year Development Plan

2011/03/07 | By Ben Shen

Taipei, March 7, 2011 (CENS)--Delta Electronics Inc., one of Taiwan's leading manufacturers of electronic components, has resolved to grab the business opportunities released from China's 12th Five-year National Development Plan by setting up a 12-5 task force, headed by C.H. Chang, marketing president of Google Taiwan.

Bruce C.H. Cheng, chairman of Delta, said his company is now having talks with several Chinese firms on investment cooperation. In addition to solar energy, the company has also expressed interest to invest in such industries as environmental protection, green energy, light emitting diode (LED) and automobile.

Delta scored NT$171.3 billion (US$5.82 billion at US$1:NT$29.4) in consolidated sales in 2010, up 36% from the year earlier. Thanks to the huge business opportunities released from China, the company is very likely to see its annual sales break the NT$200 billion (US$6.8 billion) mark this year.

Delta noted some from Chinese firms have shown great interest in cooperating with the firm to tap the lucrative business opportunities as it has heavily invested in such industries as environmental protection and green energy.

Delta said it grabbed big orders for 3-dimensional projectors from U.S. and European customers at the CES 2011 show, the world's largest consumer technology tradeshow, held January 6-10 in Las Vegas of the U.S. The company estimated it would begin launching mass production of the 3-dimensional projectors sometime in the second half of this year.