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BenQ posts profit on declining sales

TAOYUAN, Taiwan-Manufacturing giant BenQ Corp. posted $24 million in net income during the first six months of this year. The company’s sales dropped, however, due to competition in its various electronics businesses.

BenQ covers a variety of industries, from LCD monitors to computers. The company recently signed a deal to take over Siemens AG’s mobile-phone business, which would make it the world’s fifth-largest handset supplier.

“I am pleased to report that integration planning with Siemens Mobile Devices is on track,” said Sheaffer Lee, BenQ’s chief operations officer. “We have implemented a retention program with key personnel. Additionally, a steering committee overseeing integration has been formed, and workshop sessions ensuring a smooth transition are in progress. In terms of organization, regional heads have already been appointed, and country managers for the most part have already been appointed as well. Both sides are busy at work finalizing a joint product roadmap.”

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