The largest China-based LED epitaxial wafer and chip maker Sanan Optoelectronics plans to expand production capacity by adding as many as 100 MOCVD sets in 2014, company president Lin Ke-chuang said at LEDforum Taipei 2013 on October 16.
Sanan's capacity utilization increased from 85-90% in the second quarter of 2013 to 100% in the third, Lin indicated. Sanan currently has 140 MOCVD sets and is installing 20 additional ones, equivalent to monthly capacity of 500,000 2-inch LED wafers, at the end of 2013, Lin said. In order to expand capacity, Sanan plans to raise CNY3-4 billion (US$490-654 million) through private placement, Lin noted.
Sanan has won open bids to supply 40% of LED street lamps procured by local governments in China, Lin said.
With 70% of its LED chips expected to be used in lighting and 25% in backlighting, Sanan aims at revenues of CNY4.5 billion for 2013, Lin indicated. Sanan expects revenues for the fourth quarter of 2013 to grow 5-5% sequentially, Lin said.
