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Aluminum Alloy Supplier Ting Sin's Revenue Sets a Record High in June
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     The aluminum alloy wire rods manufactured by Ting Sin are the materials for EV and aerospace fasteners. The company reports its June revenue at NTD 280 million, up 121.84% from the same month last year and up 104.35% from May. The revenue for the first 6 months this year is NTD 959 million, up 36.55% from the same period last year. Ting Sin said that end users' demand grow significantly as the COVID-sticken U.S. and Europe are opening up. The company now has a full orderbook for aluminum alloy products and is looking to mass-produce high-value-add aluminum alloy wire rods in the second half of 2021.
     Ting Sin said the furnaces in its second plant have been in operation starting from the second quarter. The company is still manufacturing at full capacity, and the orders have been fully arranged through Q1, 2022. In light of China's restriction on production and Russia's restriction on export, the international aluminum price is expected to continue to rise. The company will begin to manufacture high-value-add aluminum alloy wire rods in Q3 which will contribute to its revenue.
Ting Sin Metal
Aluminum wire rod manufacture
new high in June
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