Sino-American Silicon expects sales to rise 45%

Updated Wednesday, November 19, 2008 10:38 am TWN, Bloomberg

Sino-American Silicon expects sales to rise 45%

TAIPEI, Taiwan -- Sino-American Silicon Products Inc., Taiwan’s largest provider of silicon used in solar cells, said it expects sales to climb 45 percent next year as demand for alternative energy grows.

Revenue next year will expand to NT$16 billion (US$481 million) from an estimated NT$11 billion last year, President Dora Hsu said in a briefing yesterday in Hsinchu, Taiwan, where Sino-American is based. The company posted sales of NT$7.2 billion last year.

Sino-American’s forecast is higher than the NT$13 billion median of seven analyst estimates compiled by Bloomberg.

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