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Ta Chen Group Signed a NTD 7.7 Sybdicated Loan Resulting from Oversubscription Rate at 122%
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2015-01-29
In 2014 Ta Chen Stainless Pipe, Ltd earned a revenue over NTD 50 billion, up over 30% from the previous year. Owing to the record-breaking operating profit, Ta Chen's syndicated loan was supported by a group of banks. Ta Chen originally raised a NTD 6.5 billion loan, in the end it turned into NTD 7.7 billion as a result of oversubscription rate at 122%. Ta Chen was established in 1986 and headquartered in Rende District of Tainan (Southern Taiwan) as one of the primary steel tube makers. The company reinvested in subsidiaries such as Ta Chen International (USA), Brighton-Best International, and Ta Chen B.V.I. The company's business range encompasses stainless steel and fasteners.
 
Ta Chen has been rooted in the U.S. for many years, integrating Internet sales platform with inventory warehouse. Currently 80% of Ta Chen's revenue comes from Internet orders. Additionally, coupled with worldwide sales locations and Internet distribution routes, proper deployment of production and sales enables Ta Chen's subsidiary, Ta Chen International (USA), to become the top stainless steel product distributor in the U.S. Furthermore, Ta Chen International (USA) continues to expand its fastener product line. Ta Chen is expected to increase growth in the future with its expanded sales routes.
 
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