Taiwan based LED package manufacturer Everlight had successful lighting revenue growth in 2013 due to gradually maturing LED lighting applications. Although, 4Q is typically a slack season for the LED industry, the company’s revenue this quarter were 30 percent higher than 4Q last year making up 25 percent of the company’s overall revenue, similar to the revenue proportion from backlighting. Everlight’s lighting revenue is anticipated to surpass backlighting for the first time, due to market growth in 2014 LED lighting.
The company’s lighting revenue for 2013 was fed by residential, commercial, and industrial lighting. Government street light projects were one of the main contributors for the company’s revenue growth this year. The company supplied around 10,000 street lights to five major cities in Taiwan which largely affected the company’s revenue performance in the second half of the year. The cities will see a clear benefit by saving NT $1,345 (US $45) a year for every street lamp replaced with LEDs, said Robert Yeh, Chairman for Everlight.
Yeh remains optimistic about the lighting application market development in 2014. Everlight merged with German based luminaire manufacture WOFI in 2013 and expanded distribution channels in the Chinese market. The company plans to continue building distribution channels in general in 2013. Light revenue currently makes up 25 percent of the company’s revenue, similar to backlight revenue proportions, and is estimated to surpass backlight revenue for the first time in 2014, said Yeh.
Everlight Lighting Revenue to Surpass Backlighting in 2014
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