Fuzetec eyeing automotive, niche segments for growth

Taiwan-based mostly Fuzetec Technologies, dedicated to supplying polymeric positive temperature coefficient (PPTC) thermistors and other circuit safety methods, has grown its existence in automotive and other market-current market segments for growth.

Fuzetec has viewed revenue created from the automotive and industrial segments grow as a proportion of organization profits to around 50%, the Taiwan-primarily based organization indicated. The firm continued that its R&D will keep on being targeted on automotive electronics, and goods with high voltage stamina and thermal conductivity.

Fellow Taiwan-dependent company Polytronics Technology has also noticed sturdy need for automotive electronics increase product sales of its PTC thermistors. Apart from, the company’s past acquisition of Henkel’s thermal clad dielectric (TCLAD) content organization unit has further bolstered its existence in the automotive and industrial segments.

Equally Polytronics and Fuzetec saw their 2021 revenues hit history highs of NT$3.08 billion (US$103.4 million) and NT$595 million, respectively.

Eyeing promising demand from customers for automotive and industrial manage products in Europe and the US, Polytronics will proceed discovering ties with likely prospects regionally, when Fuzetec is actively proceeding with automotive-similar certifications for new orders, according to firm resources.

Katherine T. Burrows

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