Hot Thai market for mobile phone accessories attracts manufacturing of these accessories

 

Thailand is classified as one of the leading centers for mobile phone accessories shopping. And in deed, at many of Bangkok‘s leading IT centers, the trade in mobile phone accessories, with both Thai and tourist shoppers, is very hot. Has that hot Thai market for mobile phone accessories, begin to spur investments into the manufacturing of mobile phone accessories?

  • Digi Times reported:

Handset-use audio component maker Merry Electronics, in order to meet increasing orders, will expand production capacity at two factories in southern China and another in eastern China as well as set up a factory in Thailand, according to industry sources, Digi Times reported.

The first-phase construction of the new plant in Thailand will require an initial capital of NT$200 million (US$6.66 million), with the operations of the new facilities to come online at the end of 2014, the sources revealed.

Established in 1975, Merry Electronics, a listed company on Taiwan Stock Exchange, is a leading manufacturer of acoustic devices, including receivers and speakers.

Merry is headquartered in Taichung, Taiwan, and has established offices throughout Asia, including Shenzhen, Shanghai, Suzhou, and Hong Kong.

Merry’s products include slim and multifunctional receivers, high-performance and high-power speakers, layer-3 audio (MP3) headsets, Li-lon, Li-Polymer, Li-Fe PO4 battery packs, Bluetooth headsets, vehicle car-kits, hands-free and noise canceling headsets and electret condenser microphones.

Merry is expected to see its revenues soar 40% on year to over NT$10 billion in 2013, buoyed by rising shipments of high-power speakers, mobile power supply devices and a wide assortment of headsets, including entertainment-use headsets, the sources estimated.

Meanwhile, Merry has also landed ODM orders for its newly developed hearing aid headsets and audiphones and has begun small volume shipments of its hearing aid devices to clients in the US, added the sources.

Shipments of audiphones are scheduled to start in the second half of 2014 targeting the markets in China and Japan, said the sources, adding that sales of hearing aid devices and audiphones will account for Merry’s total revenues in 2014.

For 2013, Merry is expected to post an EPS of NT$5, the sources estimated.

 

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