October 3, 2023

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Fuzetec eyeing automotive, niche segments for growth

1 min read

Taiwan-primarily based Fuzetec Technological innovation, dedicated to supplying polymeric positive temperature coefficient (PPTC) thermistors and other circuit security remedies, has grown its existence in automotive and other market-market place segments for expansion.

Fuzetec has found sales generated from the automotive and industrial segments increase as a proportion of company income to approximately 50%, the Taiwan-dependent organization indicated. The organization ongoing that its R&D will stay focused on automotive electronics, and items with high voltage endurance and thermal conductivity.

Fellow Taiwan-dependent company Polytronics Engineering has also observed robust need for automotive electronics strengthen revenue of its PTC thermistors. Besides, the company’s previous acquisition of Henkel’s thermal clad dielectric (TCLAD) material organization unit has even more bolstered its existence in the automotive and industrial segments.

Both equally Polytronics and Fuzetec saw their 2021 revenues strike record highs of NT$3.08 billion (US$103.4 million) and NT$595 million, respectively.

Eyeing promising desire for automotive and industrial management products in Europe and the US, Polytronics will continue checking out ties with prospective clients domestically, even though Fuzetec is actively proceeding with automotive-linked certifications for new orders, according to company sources.