Being optimistic to the increasing demand for lightweight materials used on electric vehicles, Taiwan’s leading aluminum alloy billet supplier Ting-Sin Metal Company has been recently active in expanding its business to relevant supply chains. The aluminum alloy wire coil manufactured by Ting-Sin has passed several times of trial tests conducted by fastener manufacturers and has been successfully processed into fasteners, which demonstrate not only the excellent performance like “lightweight, heat-resistant and corrosion-resistant,” but also have been certified by ISO/IATF 16949.
Ting-Sin plans to begin mass production of aluminum alloy wire coil and accept orders after the second half of 2020 to satisfy demands from downstream automotive fastener manufacturers. It is estimated that the annual revenue of Ting-Sin is very likely to become doubled next year. According to the management of Ting-Sin, Ting-Sin will invest 0.62 bn NTD in capacity expansion and introducing AI-integrated machines into the existing manufacturing lines, in order to meet the demands of relevant industries for aluminum alloy materials for fastener manufacturing.