Demand for SUV parts to offset weak sales: Hiroca - Taipei Times
Local automobile parts manufacturer Hiroca Holdings Ltd (????) yesterday said that robust demand for more profitable sport utility vehicle (SUV) parts would offset the impact of weak automobile sales in China this year. The company reported NT$191. 1 million (US$6. 02 million) in net income for last quarter, up 4. 82 percent from NT$182. 3 million in the first quarter. Sales last month declined 10. 53 percent year-on-year to NT$649. 95 million from NT$725. 41 million. The Mexican plant represents a significant milestone in the company’s strategic vision to better serve and participate in joint research and development efforts with its US and Japanese clients in the North American market, the company said. In particular, Chinese consumers have begun favoring SUVs, with the sales contribution rising from 10 percent in 2012 to 22 percent in the first half of this year. As anti-Japan sentiment is quickly fading in the Chinese market, the company is expecting sales this month and in the rest of the second half to be driven by new SUV models, such as the Nissan Murano, Huang said. Source: www.taipeitimes.com
