The recent global PI material supply polyimide film in short supply, offer up, including the soft board market and synthetic graphite (graphite heat sink) into a new PI film market growth.
Taiwan PI film supply plant apparently benefit; a record PI professional film factory wins the Science and Technology (7419) in the second half operating surge, the first 10 months annual revenue more than 25% annual profit more than 50% more than the expected 2018 win In 120 tons of new production capacity out of note, will expand the layout to expand soft board, graphite heat sink and special applications market opportunities.
Taiwan's only two polyimide film (PIFilm) manufacturer, the cabinet's Dammam Technology (3645) to mass production of standard PI film, the supply of flexible board-based applications, a major breakthrough in a cabinet Dasheng technology to cultivate a small amount of thick PI film special specifications, the supply of the United States, Japan, Taiwan insulation, cooling applications market, the recent PI film market supply tight, two PI film factory in Taiwan operating simultaneously warming, the fourth quarter revenue and profit showing off-season is not short. Recent Damai OTC shares remain high, once exceeded 90 yuan, setting a 6-year high on the cabinet record.
Suntech Technology, chairman of Da Sheng Technology analysts pointed out that PI film supply in recent months, tight supply inventory customers also scan the main reasons in addition to the soft board market continued to rise, but also an additional demand for synthetic graphite (graphite heat sink) Resulting in a shortage of PI film market. In addition, low-end PI film factories in mainland China were ordered to suspend production due to environmental problems, increasing imbalance between supply and demand of PI films and rising prices.
At present, PI film is mainly used in the soft board market, with annual demand of about 40 billion Taiwan dollars and an annual market demand of about 15%. Sun Dezheng said artificial graphite heat sink is an emerging application of PI film. It is estimated that the annual demand is also 40 billion Yuan NT, 2018 PI membrane another important growth momentum, in addition, there are some insulating heat and special applications market, OLED, solar and other emerging applications are also PI film is deeply concerned about the new business opportunities.
Optimistic about the PI membrane market demand growth trend, the world's major PI membrane plant DuPont, SKC, Damei are investing expansion plans; in 2017 reached the first step in science and technology investment and expansion step, is expected to be completed in February 2018 PI membrane Production line installed capacity of 6 months before the introduction of production shipments; by mastering the equipment, process technology independent Tatsu, plans to 8 months to complete the rapid expansion of new automated production lines, and then spend a season trial production to mass production, After expansion, its total capacity will increase by 2 times to 180 tons and its global production capacity will account for about 2%. This will be an important step for Taisheng to reach a large number of standard specifications.
Triumph, which has enjoyed profits for three years in a row, the successful experience of the niche-based business model of sabotage innovation in the past and its continued success in the transition to a new business model for mass production in 2018 will affect the new market competition in the PI film industry relationship.