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NAFCO Rides on the Aerospace Trend with Active Investments
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2014-09-09
After completing the new plant in June, NAFCO continues to purchase equipment, apply for production certification, develop and introduce engine bolts, machined parts and machine nuts in order to improve its competitiveness in the global aerospace fastener market. As the Taiwanese aerospace leader AIDC goes public, NAFCO's value surges along the way. Currently, China and India are fully dedicated to the aerospace fastener industry. NAFCO correspondingly reinvests USD 5 million in NSP (NAFCO Suzhou Precision) to gain quick access to the supply for growing demand in Asia. NAFCO's EPS in the first half of 2014 is NTD 2.25.
