Owing to the increasing sales of Tesla that also boosted the sales of Taiwanese automotive components suppliers, Sumeeko, which focuses on manufacturing automotive fasteners, reported its June revenue at NT$0.121 billion (which is an annual increase of 10% and the 2nd highest record in the company’s history). One market survey reported that with the continuous increasing sales of current car models and the upcoming release of Model X in Q3 2015, Sumeeko‘s annual revenue generated from Tesla this year will represent 8-10% of its total revenue compared to last year’s 4%.

With good expectations to the current order backlog, Sumeeko continues the installation and relocation of machines in the Pintung-based new factory it bought last year. Its Board of Directors has approved the NT$ 0.2 billion capital expenditure for this year, which is mainly for the needs of the new factory and the installation of machines.

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JFRI Prepares to Stabdardize Flange Hexagonal Bolt Used for Vehicles

2015-07-10

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