Industry Activities
Chun Yu Plans to Add 30% More Capacity with Order Book Fully Scheduled Through Q2 2022
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2021-12-09
Steel manufacturing cost rises as a result of the global movement towards carbon neutralization. The market demand is driven by infrastructure construction in various countries. Demand in the long term is expected to remain high as port congestion is likely to ease and the inventory level is lowering in the downstream.
Furthermore, EU's intent to impose anti-dumping taxes on Chinese iron or steel fasteners leads to an advantage for Taiwanese fastener companies to export to Europe. Currently, the export to the U.S. and Europe takes up 40%-45% of Chun Yu's total revenue. To cater to the growing demand, Chun Yu plans to increase its fastener manufacturing capacity in Taiwan by 30% in 2022.
For the first 3 quarters of 2021, Chun Yu achieved a net profit after tax at NTD 688 million and an EPS at NTD 2.26, up 400% from the same period of 2020. The revenue for the first 10 months was a record-breaking NTD 9.54 billion, a year-on-year ratio of 48.33% and surpassing the revenue of the whole previous year. Chun Yu's 12-month revenue of 2021 will break the ten billion mark for the first time.
Chun Yu
more capacity
order book
春雨
更多產能
訂單
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
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FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
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FASTENER FAIR GLOBAL
FASTENER WORLD
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