Rodex Reports Record High Q3 Revenue Compared to Last 3 Years
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Benefited by market recovery and the expectation of price increase, Taiwanese SS small screws manufacturer Rodex Fasteners Corp. reported the best revenue result in Q3 2017 compared to the last 3 years. Its combined revenue in Q3 was NTD 0.695 billion (a 23.9% quarter-on-quarter increase). On the other hand, as U.S. manufacturing continues to recover in the 2nd half of 2017 and the demand for machines in Europe continues to grow steadily, the sales of Rodex in the 2nd half of 2017 is expected to become better than the sales in the 1st half of 2017. Its EPS is also expected to reach NTD 3.
Rodex is the world’s largest SS small screws manufacturer and its manufacturing sites are located in Taoyuan, Thailand and Indonesia. Its Taiwan plant shares 50%of the revenue while the other overseas plants share the rest of 50%.