Quintain Steel Reports Profit Higher than Last Year and Plans Expansion to Screw OEM Business

Benefited by the increasing market price of steel billets, the net profit after tax of Quintain Steel in the first 3 quarters of 2017 has reached NTD 0.238 billion, over the record of the previous year (NTD 0.183 billion). In addition, the new screw plant of Quintain Steel with the total investment value of more than NTD 0.9 billion is expected to initiate test production by the 1st half of 2018 and the mass production is expected to be launched by the year end of 2018 and the screw OEM business is expected to be initiated in 2019. The planned annual production in the 1st phase will be 36 thousand tons.  

 
Quinstain Steel’s current sales are 50% from wire rods and the remaining percent is from carbon steel/galvanized wire and a few screw processing business. Its annual capacity for wire rods is 270 thousand tons, the capacity for galvanized wire is 40 thousand tons, the capacity for carbon steel wire is 90 thousand tons, and the annual capacity for fasteners is about 15 thousand tons.  

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