Camellia Metal, Sumeeko and Sheh Fung Get Listed in Emerging Stock Market

Though the Asian steel market demand remains weak and the steel price drops, many companies have developed niche products and applied for the emerging market listing. 

Since the end of 2011, the three steel related industry companies, Camellia Metal, Sumeeko Industries, Sheh Fung Screws have successively applied for listing in the emerging stock market. Camellia Metal, Taiwan’s leading wire processing factory, applied for the emerging stock market listing last October and its 2011 full year revenue reached NTD3.892 billion, up 2.64% over 2010.    

Sheh Fung Screws is a professional manufacturer of wood screws and self-drilling screws. Its 2011 revenue reached NTD1.237 billion, up 14.83% over 2010. Sumeeko Industries, also a fastener factory, focuses on automotive parts and the fasteners for agricultural machinery, construction and home appliance industries; among the auto parts, the suspension system and transmission system are the company’s main products supplying to Japan and the US carmakers.  
                                                                                                                                                                                      According to market analysts, the three companies had good performance in terms of their gross profit rates last year; among which, Sumeeko Industries and Sheh Feng Screws’s gross profit rates exceeded 15% and are expected to continue growing because of their development of the niche products.