Rodex Expects Increasing Orders in Q3 After Recovery of US Market

Benefited by the recovery of US market, the order acceptance of the stainless steel fastener manufacturer Rodex in Q3 is expected to grow mildly compared to Q2. The artificial person thinks that, as Rodex’s orders in Q3 continue to be stable and the plants in Thailand and Indonesia also show stable growth, its profit margin in Q3 can be still maintained. In addition, the orders from Europe are likely to display a slightly increase.

The capacity utilization of Rodex’s plant in Taiwan is over 80%; the plant in Indonesia shows 100% utilization; the plant in Thailand also shows nearly 90% utilization. Rodex said that the current orders have not been reached the highest level, but are still at a normal one.
 
In terms of the performance of profit, the artificial person said, usually it takes 1 to 2 months for Rodex to receive orders and deliver the goods. If the price of nickel continues to be stable, Rodex’s average price in Q4 will bounce back again.