5/27/2010 11:55:00 AM
Taiwan Fastener Orders From U.S. Rising
After orders declined 31% from 2008 to 2009, the U.S. residential real estate construction market is spurring orders for fasteners produced in Taiwan.
U.S. housing starts hit an 18-month high in April.
According to CENS Taiwan Economic News, Taiwan’s fastener industry dropped from NT$112 billion (US$3.5b) for 2008 to NT$76.8 billion (US$2.4b) for 2009.
About 38% of Taiwan fastener production is exported to the U.S.
Tycoons Corporation reported to Cens that its factories in Taiwan and Thailand are running at full capacity and the average export prices is up 20% from a year ago to US$1.7 per kilometer.
Tycoons reported April sales revenue was up 25.03%.
Chun Yu Works & Co. Ltd. reported its production is fully booked to fill orders for auto and construction fasteners from U.S. customers.
With monthly shipments reaching 7,000 metric tons, Chun Yu is projecting 10% to 20% second quarter sales revenue growth. April sales revenue was up 54.55%. ©2010 GlobalFastenerNews.com
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