Major TSE-Listed Auto-Parts Makers' Revenues Increase in Feb.

Taipei, March 18, 2011 (CENS)--Major listed auto-parts companies in Taiwan reported good results in February.

Tong Yang Industrial Co., Ltd., the world's largest maker of aftermarket (AM) plastic body-parts and original equipment (OE) supplier to many automakers in Taiwan, China and Japan, registered revenue of NT$904 million (US$30.1 million) in February, up 57% year-on-year (YoY).

In the first two months, Tong Yang's accumulated revenue totaled NT$1.96 billion (US$65.3 million), a 45% YoY increase, attributing the increase to higher sales of new cars in Taiwan and strong demand for AM parts globally.

Raymond Wu, president of Tong Yang Group, said that due to surging new-car sales globally and double-digit growth in China, his company's OE-parts sales have been increasing, with sales also driven by slowing appreciation of the NT-dollar against greenback.

One of Tong Yang's Chinese subsidiaries, the Nanjing Tong Yang Plastics Co., will start mass production of AM parts for sale in China in the second half this year, Wu said, and his group will try to broaden market share in China.

Ta Yih Industrial Co., the largest OE auto-lamp supplier in Taiwan, reported February revenue of NT$352 million (US$11.7 million), up 9.8% YoY, with cumulated revenue of NT$730 million (US$24.3 million) in the first two months, up 8.6% YoY.

Thanks to the smooth sales of LUXGENs by Taiwan's Yulon Group and increasing exports of locally-assembled Toyota Altis by Kuozui Motor Co., Ta Yih said that its sales of OE auto-lamps are expected to clearly rise this year.

TYC Brother Industrial Co., Ltd., a major auto-lamp exporter and affiliate of Ta Yih, had revenue of NT$530 million (US$17.7 million) in February, up 2.9% YoY.