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TCI Estimates Sales Up 7% in 2012
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2012-03-21
Benefited from the recovery of the US market and growth of demand, Ta Chen International, Inc. (TCI) in the US estimates the 2012 full year combined sales would reach NTD44 billion, up 7% compared to that of 2011.
TCI said that with eight locations in the US, it has become the important stainless steel channel in the local market. The US TCI only estimated a gross profit margin of 11% and the monthly sales to be about USD95 to100 million. Since the sales scale is big, after removing the fixed fees, the company still maintains steady profit growth.
Despite of the doubt about the European debt crisis, the US market exhibits growth. Since the beginning of 2012, the daily sales of the US TCI has increased 7% compared to that of 2011, thus with the growth of sales scale bringing forth profits to the company.
In addition, the TCI reinvested Brighton-Best International, Inc. has followed its parent company’s pace to establish the channel pattern in the US, successfully setting up the largest channel system in the US fastener market. It is estimated that Brighton-Best would achieve a sales goal of NTD10 billion in 2012, becoming an important stimulus to promote TCI’s operation growth.
