Thai group eyes 10% sales growth aided by new solar products

Thailand's Delta Electronics aims to boost sales by 10 percent this year to $1.3 billion with new products, inlcuding those for solar energy.

Delta, part of Taiwan-based Delta Electronics, planned to spend $20-40 million a year in the next three years to boost output at plants in Thailand, India and Slovakia, according to Kulwadee Kawayawong, head of investor relations.

"We should make a good profit this year as we plan to launch new products and expand markets," Kulwadee said, adding Delta planned to expand both domestic and foreign sales, especially in fast-growing Vietnam, Myanmar and India.

The planned budget would be spent mostly for research and development and expand sales offices overseas while the company would also focus on solar energy.

"Our product mix this year will be different from last year. We want to make products which are suitable for markets," Kulwadee said, adding Delta would not book provisions this year.

Power supply products, including power systems for information technology, accounted for about 40-45 percent of the company's sales, with 20-25 percent from telecoms sector and the rest from industrial and solar power inverters.

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