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Shin Chun Enterprise Foresees Incoming POs in H2 2014
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2014-04-21
Shin Chun is a professional fastener maker and trader in southern Taiwan. To improve global market shares, it not only continuously elevates technical level but also adopts more mobilized and versatile production methods. Last year, its revenue grew considerably by 20%. According to general manager Paul Chuang, to service more clients it expands the plant this year, which has been launched in April and is expected to boost capacity by 10%.
Established in 2003, Shin Chun grows on an annual basis with monthly capacity at 700-800 tons. Its large-scale capacity and versatile products attract clients from Europe, US, and Japan (also the largest PO source of Shin Chun in particular). Thanks to Japan's critical economic policies applied in the start of the year, Shin Chun has maxed out in PO reception.
Paul states that Japan implements QE policy to improve export competitiveness and push inflation up by 2% by 2014. Besides that, Japan imposes high tax rate on durable goods from 3% to 8% starting this year, and further on to 10% by 2015. Propelled by the after effect, Japanese clients place large amount of POs one after another to Shin Chun this year. The company's POs are packed towards the second half of this year.
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