HONG KONG– Kingboard Laminates Holdings Limited recently announced that revenue and net profit for its subsidiaries rose 9% and 3% respectively during the first half of 2008. Despite electrical disruptions at several plants and volatile commodity prices, Kingboard’s subsidiaries maintained the top position in the global laminate market, according to Japan Marketing Survey Company. Volume sales increased 8%, and the addition of two new plants strengthened the vertically integrated business model.
 
There are plans to add a new copper foil plant and a glass epoxy laminate plant later this year to further increase the market position in eastern China, and despite the weak global economy, domestic consumption in emerging markets such as China is expected to maintain the company’s present growth.

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