Date
16 August 2017

CSR sees at least 20% growth in new businesses, report says

CSR Corporation Ltd. (01766.HK, 601766.CN) expects its new business division to grow at a pace of at least 20 percent in the next two years, with Insulated Gate Bipolar Transistor (IGBT) products seen having stellar prospects, news website jrj.com reported Thursday, citing senior company executives. CSR’s new businesses include wind power, electric cars, composite materials and engineering machinery. IGBT sales have totaled 60,000 units as of the end of October this year, showing huge growth potential, the report said.

– Contact HKEJ at [email protected]

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