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PCB maker Apex International expects to post flat or single-digit sequential revenue growth in 2019, with gross margin to have a chance topping 20% thanks to an improved management over costs and stable orders from clients for new high-margin products, Digitimes reported.
After the US tariffs hikes in May, Apex has seen clients turn serious about shifting their orders to production lines in Southeast Asia. Prior to that, clients were only keenly inquiring about shifting orders, but none of them actually made a move, according to company CEO Jui-Hsiang Chou. In the second half, many of the clients will start moving production out of China. Apex currently has manufacturing plants in Thailand and has established a strong logistic system in Southeast Asia in order to quickly deliver its products to clients in the region with well-controlled costs.