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Tycoons and Chun Yu Sales Look Bright to Have 20% Growth in 2012
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2012-03-09
Along with the recovery of the steel market, it is estimated that the sales of leading factories such as the Tycoons Corp. and Chun Yu Works & Co., Ltd. will grow by 10~20%. The policy makers of Tycoons said that the fastener industry has an apparent improvement in February. The market went down in Q4 2011 and many sales points stopped replenishing their stocks. Now the inventory is going to be sold out and the replenishment of goods will successively start off. Tycoons’ orders have been backed up to this May. In addition, Chun Yu expressed that though the fastener sales were not good last year but the situation looks better in 2012. Chun Yu’s sophisticated experience in China market with the advantage of CSC’s low price wire rod will greatly benefit its operation this year.
The legal persons considered that since the European debt crisis has been slightly under control and in the coming springtime the construction sites in Northern countries will comprehensively begin operations, fastener industry will enter its peak season. It is reasonable to infer that the sales of leading factories like Tycoons and Chun Yu will grow by 10-20% in 2012.
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