Chun Yu Sees Combined Fastener Revenue Exceed NT$10 B. in 2011
Resource from: CBCC Likes:2985
Dec 27,2011
Conscientiously sharpening its competitive edge over the past few years to gain sustainable growth momentum, Chun Yu Works & Co., Ltd., one of Taiwan’s foremost manufacturers of fasteners, is expected to witness its combined revenue exceed NT$10 billion in 2011.
The veteran fastener manufacturer, now the world’s largest supplier of spheroidized annealing wires, has also diversified into developing and making machinery and equipment used for pollution prevention and water treatment engineering in recent years, with a couple of manufacturing plants sited across Taiwan and China.
Institutional investors indicated that the company is very likely to score 2011 combined revenue of more than NT$10 billion, including an estimate of NT$1.65 billion contributed by its factory in Dongguan, southeastern China, NT$930 million by its affiliate Chun Zu Machinery Co., Ltd. and NT$780 million by a reinvested company in Indonesia.
In fact, the investors pointed out that Chun Yu has been thriving since scoring a 44.22% revenue growth in 2010 from 2009 to turn profitable, and already finished the first eleven months of 2011 with aggregate revenue of NT$4.179 billion, capping NT$3.519 billion for the full 2010.
The company’s prosperity, the investors noted, is attributable mainly to the payoff of its unremitting efforts on improving its manufacturing and R&D capability. While adding state-of-the-art machines to production lines, the company has also had some of its new products certificated by standards required in the EU bloc in recent years.
Despite global economic fluctuations, M.H. Lee, Chun Yu’s general manager, stressed that his company has consistently invested in new technologies, output expansion and business diversification over the past three years, during which the company’s operation efficiency has also been significantly enhanced. These transitions have proven effective to assure his company of more sustainable business growth so far, though painstaking, according to Lee.
Lee confirmed that Chun Yu’s reinvested company sited in Liaoning Province, northeastern China, has started a trial run and is scheduled to be inaugurated in mid-March, 2012, which will be able to turn out 3000 metric tons of spheroidized annealing wires per month to serve as another growth drive for Chun Yu’s overall business operation in the future.
(CBCC)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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