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Tycoons Sees Prosperous Future with More Orders Originally Made to China

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2015-04-13

Benefited by the influence of EU’s imposing antidumping measures on certain Chinese iron and steel fasteners and the stable low-cost material supply from its own factory in Thailand, Tycoons has had the order backlog of nearly 20 thousand tons, which reveals that a prosperous future for the company is not far away.

The antidumping measures the EU imposes upon Chinese fasteners has been implemented 5 years ago and the current announcement of the EU shows that another 5-year antidumping measures will be extended continuously with the rate up to 74.1% (but Chun Yu Donggaun and Gem-Year get the particular rate of 54.1%).

General Manager Ho of Tycoons said that Tycoon’s fasteners sold to the world are mainly supplied and exported from Taiwan, Vietnam, and Thailand. Its operations in China mainly provide products and service to the domestic Chinese market (which are not influenced by the antidumping measures of the EU).

Ho added that theoretically when it is not the right time to export Chinese fasteners to the EU, its factories in Thailand and Taiwan can take the position to process the orders originally made to China and enjoy the benefits. So far, the monthly production of large screws in its Thailand-based factory has increased from 2,000 tons to 4,000 tons and the operating efficacy is also increasing.

Tycoon’s factory in Thailand could only produce limited sizes of screws, but after the introduction of advanced machines from Tycoons (Taiwan), the problem of limited sizes has been solved, resulting in smooth and busy shipments. In addition, the EU does not impose antidumping measures on Thailand, so it is favorable for Tycoons to expand business in Europe. Plus, its Taiwanese headquarters has also entered the European market. As a result, it can develop more business in various approaches.

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