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  • Second Wave of CRT Price Hikes in Taiwan Expected Soon
  • August 18, 1998 (TAIPEI) -- A second wave of price hikes for cathode ray tubes (CRTs) is on the horizon, most likely starting in October, Taiwan industry observers said.
    The likelihood of higher prices has caused widespread concern among monitor makers, which are worrying about higher operating costs and deliberating measures to cope with such a problem.

    It is the price fall last year that paved the way for the current hike.

    An oversupply in the industry led South Korean companies to cut prices, and other manufacturers soon followed suit.

    However, the seasonal demand for monitors that started in July pulled up demand for CRTs as well.

    This led to a rebound in price earlier this month, a move that is expected to make up for the losses makers suffered in the first half of the year.

    Taiwan's Chung Hwa Picture Tubes Ltd. and South Korea's Samsung Electronics Co., Ltd. pioneered the last wave of price reductions.

    Samsung and Philips Taiwan Ltd. reportedly are provoking this second wave, and October is the most likely time for it to begin.

    Executives from Chuntex Electronic Co., Ltd., one of Taiwan's leading monitor makers, said their firm plans to raise the price of their own-brand products in September to reflect higher costs.

    (Commercial Times, Taiwan)

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    Updated: Mon Aug 17 23:59:51 1998 PDT