Hai Kwang Enterprise Taps into Fastener Manufacture
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Originally a rebar manufacturer in Taiwan, Hai Kwang Enterprise invests NDT 1.5 billion in equipment to tap into fastener manufacture in the midst of a growing steel market. The company has negotiated collaborations with the big names of the fastener industry. The production including surface treatment, pickling and electroplating will be launched in the 4th quarter before the end of the year and is expected for additional gains in revenues.
In addition to Hai Kwang, the same positive performance is shared by electric furnace companies such as Feng Hsin Steel, Weichih Steel and Tungho Steel, given the return of Taiwanese and domestic infrastructure construction. The steel market outlook is positive.