Ralec places a hold on new orders as demand soars - News Summed Up

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Ralec places a hold on new orders as demand soars


By Lisa Wang / Staff reporterPassive components supplier Ralec Electronic Corp (旺詮) has put a hold on new orders for its thick film chip resistor series to cope with overwhelming customer demand, according to a letter the company sent to its distributors on Wednesday. “Due to an influx of orders, the company has temporarily stopped accepting new orders for all series of thick film chip resistors. The price increase is expected to add NT$100 million (US$3.41 million) in revenue to its parent company, Chilisin Electronics Corp (奇力新). Ralec shares were delisted from the local stock market following its acquisition by Chilisin last year. Last year, Yageo made NT$6.66 billion in net profit, up 69 percent from NT$3.95 billion in 2016.


Source: Taipei Times February 23, 2018 16:02 UTC



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