Chinese display maker Kangguan has warned of imminent price increases for its products. The company attributed this to rising costs for key components and said it could no longer fully offset rising production costs through its own profits.
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KTC is a large display equipment manufacturer in China that has been operating since 1995. The company manufactures monitors, televisions and commercial displays, as well as equipment for other brands through OEM and ODM solutions. Kangguan has production bases in Shenzhen and Huizhou, has more than 6,000 employees, and will be listed on the Shenzhen Stock Exchange in 2022.
The company did not specify which models will become more expensive or when the new prices will take effect. Now, KTC continues to negotiate with suppliers and is trying to contain rising costs for as long as possible. The manufacturer advises buyers who are already planning to buy a monitor not to postpone their purchase as current prices may be more profitable than future prices.
At the same time, KTC’s announcement doesn’t mean monitors will necessarily become more expensive in the near future. The warning applies directly to the company’s products, but it comes against the backdrop of rising costs for display components. Recently, AOC, another major display manufacturer, also notified dealers to increase prices starting in August, citing rising panel, parts, power supply and manufacturing costs.
KTC hasn’t announced new prices yet, so its monitors will be sold at current prices until they officially change prices.
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