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Copper Foil Maker Co-Tech Positive About 2017 Outlook
April 25, 2017 | DigitimesEstimated reading time: Less than a minute
Co-Tech Copper Foil has expressed optimism about its performance during 2017 citing robust copper foil demand, according to Digitimes. The company generated revenues of about NT$5.4 billion ($178.5 million) in 2016, up by 26.5% on year, while gross margin surged to 18.57% from 3.65% in 2015.
Co-Tech credited its positive performance to a significant increase in car-use copper foil demand particularly that from China, as well as rising prices of copper materials. The company returned to profitability in 2016 following five years of losses.
About Co-Tech
Co-Tech's headquarters are in Taipei, Taiwan. The Copper foil and CuO plant are located in Yulin, Taiwan.
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