Global PMX upbeat due to auto market recoveryBy Chen Cheng-hui / Staff reporterGlobal PMX Co Ltd (智伸科), a provider of dual-clutch transmissions and direct-injection parts for gasoline motors, said that it is cautiously optimistic about its business outlook for next year due to a recovery in the global auto market and the electrification trend. Sales contributions from the automotive segment account for 60 to 70 percent of the company’s total revenue, the company said in a statement on Friday. Global PMX said that it is positive about its sales performance next year, given global auto brands’ continuous pursuit for better performing engines, the market’s growing awareness of carbon reduction and saving energy, and the increasing penetration of advanced driver-assistance systems in new vehicles. Global PMX Co Ltd president Eddy Lin poses for a photograph at an extraordinary general meeting in Taipei on Nov. 19 last year. Global PMX reported net profit of NT$391.65 million in the first three quarters, compared with NT$462.52 million a year earlier.

Source: Taipei Times December 06, 2020 15:56 UTC