Mobile phone component manufacturers show steady growth
According to an industry source, a window lens maker Mogem and a key pad maker Samyeoung Technology are expected to join the US$100 Million Club for the first time this year. Along with these mobile phone parts makers, KH Vatec, a case maker, and Charm Tech are also likely to reach the sales of US$100 million. By adding these parts makers to the existing members including In Tops, PN Tel, M Tek Vision, Core Logic and DK UIL, the US$100 million club is likely to have 10 members. The reason for this successful achievement comes from incessant technology innovations and aggressive R&D investment. Those companies have tried to take the lead in making a slim mobile phone, while making efforts to diversify their materials.
Industrial experts explain that the mobile phone manufacturers of Korea are supplying one out of four mobile phones, which is being sold all over the world. Also, mobile phone parts makers have succeeded in laying a foundation of being a global supply base on the basis of technologies and ideas. Meanwhile, the largest mobile phone parts maker In Tops is expected to reach a record sales of 340 billion Korean won (US$360 million), holding its position as a top mobile phone parts maker. What's the main reason that Mogem and Samyeong Technology have gained such remarkable achievement It is because the parts orders from the world-famous maker Nokia and Motorola have rapidly increased and also the global market for mobile phones is showing a record growth rate of 19% on the average, consequently creating explosive demand for mobile phone parts.
