Taiwan leading fastener manufacturer Chun Yu Group reported that its consolidated revenue in 2018 was NTD 9.84 billion, up 9.3%from the same period last year; its net profit after tax reached NTD 0.566 billion and hit 10-year high (up nearly 80% year-on-year). Its revenue in March 2019 grew 58% in Feb. to NTD 0.898 billion (up 8.01% from the same period last year). Chun Yu expects to actively extend its business reach to the high value-added automotive fasteners, aerospace, biomedical and many other segments in the future.
To be specific, Chun Yu Group plans to invest NTD 0.75 billion in expanding the factory in Shaoguan City (Guangzhou Province, China) and increasing the capacity. On the other hand, it is also considering launching new investment projects in Indonesia. Currently, the main sales of Chun Yu in Indonesia is focused on fasteners for the construction segment and it did profit really well in the market last year. With good expectations to the orders for construction fasteners in both Indonesia and China, Chun Yu will continue to strengthen its business in these two countries.