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National Aerospace Fasteners Corp's fasteners and parts sales account for 80% of total revenues. Most of its products are applied in car doors and car engines; the rest are industrial fasteners. Its largest client in the aerospace industry is GE, which accounts for 50% of its revenues. It is also the only engine fastener supplier in Asia. In 2014, it earned an impressive revenue of NTD 1.376 billion at an annual growth of 29.32%.

 

Currently, global aerospace market grows 5%-10% annually, and a growing tend shows that orders are shifting to Asia. National Aerospace Fasteners Corp deployed in the aerospace market relatively earlier. It has acquired GE Aircraft Engine(GEA), IHI, and Snecma certificates, and has various aerospace products under development or patent pending. Therefore, its aerospace order growth this year is expected to be higher than market growth.

 

National Aerospace Fasteners Corp's  new plant in Taoyuan (northern Taiwan) was completed last year. The plant will focus on aerospace bolt market. The company already started developing aerospace bolts two to three years ago. Because verifying aerospace products requires longer time (at least a year; not including manufacturing process certification), the company is still building technical capability in aerospace bolts. The company may see normalized profit gains and  double digit growth in revenue this year, with EPS back to the level of NTD 3-4.

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