NAFCO Keeps Stable Operation in Q3, New Plant to be Completed by Q1 2013

European debt crisis has continued, but National Aerospace Fasteners Corp. (NAFCO) located in Taiwan has already been backed up with the orders placed by leading aerospace companies to 2014. The outlook for the aerospace industry is quite optimistic. NAFCO sees that its order placement of aerospace fasteners will go smoothly in Q3 and estimates that the overall operation performance in Q3 will be equal to that of Q2. Moreover, to correspond to the continuous growth of orders, NAFCO has already been setting up the third facility in its factory in Pingzheng, Taoyuan and it is expected to be completed by Q1 2013 while the initial production capacity is still under planning. NAFCO’s Q2 revenue amounted to NTD303 million, slightly down 6.48% compared to the NTD324 million in Q1.

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