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OFCO's June Revenue up 327% with Optimism for H2 2021
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2021-08-02
Taiwan's OFCO reports its consolidated revenue in June at NTD 362 million, up 327% from the same month last year. The consolidated revenue for the first 6 months of 2021 is NTD 1.7 billion, up 283.09% from the same period last year.
OFCO said, due to the fact that Chinese steel fasteners are recently subject to import registration in the EU, the EU'S AD investigation against Chinese fasteners, short supply and surging demand in the global steel market, and steel prices being pushed to new heights, OFCO is now seeing a strong growth in order acceptance. To cope with increased orders, OFCO has ordered 11 sets of fastener forming machines and 11 sets of threading machines from Chun Zu, which is expected to increase its monthly capacity by 10%-15%. According to OFCO president, OFCO's main fastener business is expected to continuously perform quite well in the second half of this year.
久陽
螺絲
接單旺
2021下半
春日機械
OFCO
screw
high season
h2 2021
Chun Zu Machinery
