Japaneses Crown Fastener Enhances Secondary Processing Capability

Crown Fastener Co., ltd will enhance its secondary processing capability such as cutting and stamping. Last August the company built a secondary processing plant aiming at improving in-house production and added values. Its revenue in 2015 are 6% year on year and the target this year is JPY 1.2 billion. The increase in revenues stems from the increased orders from assembly plants and component makers, as well as the increased sales from its distributors in a few regions. The reason that the company can keep gaining revenues despite decreased shipment is because it continues to invest in equipment to improve added values for products.

Crown Fastener used to outsource cutting and pressing to other companies while keeping heading and threading as its core technology. Now that all these technologies are to be done in plant, the company will no longer need to outsource and it plans to increase comprehensive processing capabilities.