News 

The unaudited revenue of National Aerospace Fasteners Corp. (NAFCO) in Q1 2012 amounted to NTD324 million, increasing 9.8% compared to that of Q4 2011, significantly increasing 55.94% compared to that of Q1 2011, and setting the company’s monthly new revenue record. The outstanding performance is due to the fact that the company’s competitors in the US and Europe had failed to supply their customers in time; therefore, the customers transferred the orders to NAFCO.

NAFCO’s main product is nuts for aircraft engines. There are only about 4~5 such manufacturers in the world and mostly are situated in the US and Europe. Though the demand for aerospace fasteners is steady, the annual growth rate is without much change. In recent years NAFCO has been benefited from aircraft factories’ moving to Asia. Looking to Q2, NAFCO states the Q2 revenue is expected to surpass NTD231 million in Q2 2011. However, since whether there will be transferring orders in this month is uncertain, the Q2 revenue maybe won’t exceed NTD324 million in Q1 2012.