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Europe Demands Bottom Up. OFCO Industrial Corp.'s Purchase Orders Visible Till April to May Next Year
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2012-12-14
OFCO focuses its sales mainly on foreign markets, in which Europe takes 60 to 70% of total revenue. Its products mainly applies to machinery industry and construction industry. According to the company, dim as the first half of 2013 Europe economic condition may seem, the company oberved its purchase orders bottom up in Q4 from Q3's lowest point. Due to increasing orders from main European clients, its orders are expected to stay visible till April to May next year. Plus, its capacity will stay overloaded until May next year. Currently, the company's monthly capacity is 2,000 tons.
In prospect of next year, the company's personnel will even have to work overtime due to full orders, and its revenue is expected to turn good in Q2 with increasing work days. It will continue to develop new products and stabllize is share in the European market, in the meantime keeping expansion towards the U.S. mrket.
In prospect of next year, the company's personnel will even have to work overtime due to full orders, and its revenue is expected to turn good in Q2 with increasing work days. It will continue to develop new products and stabllize is share in the European market, in the meantime keeping expansion towards the U.S. mrket.
