12/26/2011 3:42:00 PM
NEWS BRIEFS
Chun Yu Reaps Rewards of R&D and Capacity Investments
Taiwan fastener manufacturer Chun Yu Works & Co. Ltd. predicted its combined revenue would exceed NT$10 billion in 2011, CENS.com reports.
While still a major supplier of spheroidized annealing wires, Chun Yu has diversified into “developing and making machinery and equipment used for pollution prevention and water treatment engineering in recent years, with a couple of manufacturing plants sited across Taiwan and China. ”
Full-year 2011 revenue is expected to include an estimate of NT$1.65 billion contributed by Chun Yu’s factory in Dongguan, southeastern China, NT$930 million by its affiliate Chun Zu Machinery Co., Ltd. and NT$780 million by a reinvested company in Indonesia.
“In fact, the investors pointed out that Chun Yu has been thriving since scoring a 44.22% revenue growth in 2010 from 2009 to turn profitable, and already finished the first eleven months of 2011 with aggregate revenue of NT$4.179 billion, capping NT$3.519 billion for the full 2010,” CENS.com reports.
Investors say the company’s success is attributable to its increasing investment in manufacturing and R&D capability.
“While adding state-of-the-art machines to production lines, the company has also had some of its new products certificated by standards required in the EU bloc in recent years. ”
General manager M.H. Lee confirmed that Chun Yu’s reinvested company sited in Liaoning Province, northeastern China, has started a trial run and is scheduled to be inaugurated in mid-March, 2012, which will be able to turn out 3000 metric tons of spheroidized annealing wires per month. ©2011 GlobalFastenerNews.com
Taiwan fastener manufacturer Chun Yu Works & Co. Ltd. predicted its combined revenue would exceed NT$10 billion in 2011, CENS.com reports.
While still a major supplier of spheroidized annealing wires, Chun Yu has diversified into “developing and making machinery and equipment used for pollution prevention and water treatment engineering in recent years, with a couple of manufacturing plants sited across Taiwan and China. ”
Full-year 2011 revenue is expected to include an estimate of NT$1.65 billion contributed by Chun Yu’s factory in Dongguan, southeastern China, NT$930 million by its affiliate Chun Zu Machinery Co., Ltd. and NT$780 million by a reinvested company in Indonesia.
“In fact, the investors pointed out that Chun Yu has been thriving since scoring a 44.22% revenue growth in 2010 from 2009 to turn profitable, and already finished the first eleven months of 2011 with aggregate revenue of NT$4.179 billion, capping NT$3.519 billion for the full 2010,” CENS.com reports.
Investors say the company’s success is attributable to its increasing investment in manufacturing and R&D capability.
“While adding state-of-the-art machines to production lines, the company has also had some of its new products certificated by standards required in the EU bloc in recent years.”
General manager M.H. Lee confirmed that Chun Yu’s reinvested company sited in Liaoning Province, northeastern China, has started a trial run and is scheduled to be inaugurated in mid-March, 2012, which will be able to turn out 3000 metric tons of spheroidized annealing wires per month. ©2011 GlobalFastenerNews.com
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