News

Topoint Technology expects its consolidated revenues to increase more than 10% to hit an annual high in 2014, thanks to growing sales of the company's OEM drilling services.

Topoint's No. 6 factory in Jiangsu, China will begin to offer OEM drilling services to China-based PCB makers in the second quarter of 2014, said the company, adding that the ratio of OEM drilling business to its total sales is expected to top 30% in 2014 compared to 28% in 2013.

Overall, the company's drill bit production lines are currently operating at 80% of their capacity, while the OEM drilling lines are working at 60-65% capacity.

Topoint posted revenues of NT$219 million (US$7.23 million) in January, increasing 15% from a year earlier. In 2013, the company saw its revenues climb 7.2% to NT$2.53 billion.