Bolts Shortage in Japan Benefits the Korean Fastener Maker KPF

Despite a few Osaka fastener manufacturers reaching a monthly capacity of 10,000 tons of bolts, 83% of Japanese construction companies are still in a shortage of high-strength bolts which is rendering capital city development difficult. The beneficiary, KPF, starts to increase bolt export to Japan to supplement local bolt demands and expects to improve KPF's profits of the current year. The trading stock price of KPF, a South Korean publicly traded fastener company, rose 5.46% on May 13, 2019. The increase in export to Japan also bolsters the domestic bolt price of South Korea, and therefore, KPF enjoys both advantages in export and price.