Taiwan LED package manufacturer Edison Opto Corp.'s board recently approved the issuance of unsecured convertible bonds amounting to NT$ 1 billion (US$ 34 million) in Taiwan. This is the second time that the company has issued unsecured convertible bonds in the domestic market. Edison Opto has a positive outlook of the LED lighting market's continual development, and funds from the bonds will be used to expand the company's Yangzhou, China factory that will include high power LED components, PLCC package components, and other product line expansions.
Edison Opto Chairman Jason Wu pointed out, to meet the rapid growing demands in the lighting market in 2013, the company has spent NT$ 450 million to expand PLCC package components, high- power LED package components, and COB components. There have been huge demands for PLCC package components and product delivery times have been prolonged, said Wu. The company's PLCC component production capacity has increased from 150 KK to 300 KK, and its high power LED package components were expanded to 10KK, and 1.5KK for COB.
The company's expansion plans for this year will be completed within 4Q13, but the overall manufacturing expansion effect will not be observable till 2014. The company is positive the LED lighting market will continue to soar, therefore the company board decided to issue its second unsecured convertible company bonds to fund its Yangzhou factory expansion.
