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NAFCO Orderbook Full Through 2024
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2023-08-29
Demand in the aerospace market has increased dramatically following the end of the pandemic, boosting sales of fasteners for NAFCO. NAFCO said the shortage of materials has been alleviated, and orderbook is full through next year. In 2022, NAFCO's revenue recovered to 75% to 80% of its pre-epidemic level. It is still difficult to estimate the growth rate of the whole 2023. We will have to wait and see how the market fluctuates.
NAFCO specializes in aerospace and automotive fasteners, with fasteners for aerospace engines in particular being the mainstay. Last year, aerospace fasteners and machined parts accounted for 83.43% of the company's total revenue, while industrial fasteners accounted for 16.57%.
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