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The Taiwanese leading screw and nut manufacturer, OFCO, has been back on track after years of corporate restructure, financial adjustment, and the shutdown of production lines for products with low competitiveness and low entry barrier. Compared to other screw companies mainly exporting to U.S. market, OFCO currently focuses on the European market due to its limited resources and the release of orders of the EU shifted from China to other countries caused by the antidumping duties against China. 

 

There are generally two developing ways for Taiwanese fastener companies: one is the development of customized fasteners with high added value (e.g. products related to automobiles, aerospace, and energy), the other is the provision of one-stop shopping service through continuously adding more standard parts into the product range to increase customers’ loyalty. OFCO positions itself as a standard parts provider and focuses mainly on industrial and construction big size bolts as the entry barrier is comparatively high. In addition to increasing the orders from Europe, OFCO will also try to make long term agreements with its customers and continuously establish the market segmentation of each product to accumulate the momentum for operation.

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