Thailand subsidiary is regional hub for Delta Electronics

Delta Electronics (Thailand), the subsidiary of Taiwan-based Delta Electronics, has become the regional business headquarters and manufacturing center in India and Southeast Asia for its parent company.

Founded in 1988 and listed on the Stock Exchange of Thailand (SET) in 1995, Delta Electronics (Thailand) produces switch power supplies, power systems, automotive electronic components, with annual consolidated revenues exceeding US$1.6 billion.

Delta Electronics (Thailand) has factories in Thailand, India, and Slovakia as well as sales offices in Southeast Asia, India, Australia, and Europe. In 2003, the company acquired Ascom Energy Systems, originally belonging to Switzerland-based Ascom Holding AG, to expand its product portfolio and gain a foothold in the European market.

Delta Electronics (Thailand)’s stock price on SET closed at THB53.5 (US$1.63) on the last trading day of 2019 and at THB838 on December 28, 2020, soaring over 1,466% over a year. Its stock price used to increase 250% in a single month and 400% in three months, causing SET to closely watch the stock.

The trend of its stock price signifies the correct direction of its business operation and coincides with trends of stock prices for high-tech companies around the world, and it has been forecast in the business development plan prepared in early 2021, Delta Electronics (Thailand)’s executives indicated.

To move toward Industry 4.0, Delta Electronics (Thailand) has adopted Delta smart manufacturing (DSM) for nearly 50% of its manufacturing processes. Accumulating years of manufacturing know-how, DSM has created highly flexible and high-efficiency manufacturing processes, noted Jackie Chang, president of Delta Electronics (Thailand).

Delta Electronics (Thailand) will continue to elevate worker’s skill levels, during the migration toward Industry 4.0. By coordinating the precision and efficiency of machines with workers’ agility and know-how, the company is able to produce more value-added products, said Chang.

In terms of robot production, Thailand ranks 13th globally, sixth in Asia, and first among ASEAN (Association of Southeast Asian Nations) countries. While robots are primarily used in automobile and electric machinery manufacturing industries now, there is a large potential demand from the production of food and beverage.

Since its founding, Delta Electronics (Thailand) has been focusing on power management solutions and manufacturing electronic components, including cooling fans, EMI (electromagnetic interference) filters, and solenoids. Its power management products mainly include the power systems for IT, automobiles, telecom infrastructure, industrial purposes, office automation, medical care, and power chargers used in electric vehicles (EVs), DC-DC converters, and adapters. In addition, Delta Electronics (Thailand) also actively develops solutions used in EV power chargers, industrial automation, data center infrastructure, and energy management in the Southeast Asia region.

In the first quarter of 2021, Delta Electronics (Thailand) recorded US$585 million in its consolidated revenues, 21.54% in gross margin, US$55 million in operating profit, and US$54 million in net profit. DigiTimes