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Zyh Yin Enterprise Started with NTD75 Thousand and Eventually Became A Giant in Furniture Screw

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2015-07-03

35 years ago, Zyh Yin Enterprise started with only NTD 7,5000. At that time, 80% of Taiwanese furniture companies was using Zyh Yin's products and Zyh Yin was actively expanding overseas market share. 35 years later, Zyh Yin's furniture screws represent 60% of global production and are exported to more than 50 countries in the world. Even IKEA and Home Depot use its screws.

IKEA is the most renowned and largest assembly furniture company in the world. The contributor to IKEA's success are "screws" that put the furniture together. Zyh Yin is IKEA's biggest furniture screw supplier. Zyh Yin is located in Yanchao District of Kaohsiung City. It is a typical champion enterprise that started humble and turned into a giant in furniture screws.

Zyh Yin's world championship in furniture screw actually came by surprise. President Chen Chi-Hsiang started his career in the furniture industry, and he was not even intended to enter the fastener industry until he finally did. Now, Zyh Yin's annual capacity is 50 thousand tons, and its annual revenue is NTD 2.3 billion. Ten years ago, Zyh Yin closed its furniture factory and solely focused on the development in furniture screw industry, dedicated to becoming the sole furniture screw giant for the world. Currently, Zyh Yin has 7 factories in Taiwan, as well as factories under development in Malaysia and China. President Chen's ambition is apparent. In 2014, he took over his friend's deteriorated iron wire company, Syong Shun Metal Co., Ltd. Now, Syong Shun Metal's capacity reaches 20 thousand tons at maximum, topping the total production of iron wire in Taiwan. "Syong Shun Metal will go public in two years," said President Chen with a smile on his face.

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