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Opportunities with U.S. Infrastructure Plan Boosts 5 Taiwanese Fastener Company's Sales Through Q3 2022
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2021-12-06
Benefiting from EU's anti-dumping investigation against Chinese iron and steel fasteners, and U.S. 1.2 trillion dollar infrastructure plan, as well a rise in steel demand, 5 Taiwanese fastener companies including Chun Yu, Tycoons, QST International, Jau Yeou, and Fong Prean have their order books fully scheduled through Q3 2022.
Chun Yu president Huei Jeng Lin said the domestic market is stable and there is an increase in demand from the EU. He expects at least 3 to 5 years of a vibrant market, especially with the U.S. and Europe as critical export destinations for Chun Yu's fastener products.
QST International president Mark Wu said the plant in China focuses on the local market and mainly supplies automotive screws, while the headquarters in Taiwan and the plant in Germany also manufacture automotive screws. He is optimistic about the first half of 2022 but thinks it requires observation on the second half.
Tycoons president Kenny Huang said the plant in Thailand has the order book fully scheduled theough August 2022. He expects at least 5 years of a vibrant market.
Jau Yeou president Tea-Ren Sun said the small screws of Jau Yeou are mainly sold to Germany, Spain, Italy and northern Europe. The order book has been fully scheduled through June 2022, but he is concerned about appreciated Taiwanese dollars, rising material costs, and jam-packed harbors that massively increase costs and offset profits.
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