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Rodex Fasteners Corp.’s oversea factories to return to profitability in Q1 of 2013
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2013-03-22
Rodex Fasteners Corp. has been a stainless steel fastener manufacturer. In 2011, its EPS reached NT$ 2.1 because of the great demand for fasteners and the erection of its factories in Indonesia and Thailand. However, in 2012, because of the slide in the demand for fasteners in Europe due to the European debt crisis and the slide in the price of nickel, its oversea factories exhibited a loss though its mother company in Taiwan did acquire a small amount of profit. Therefore, the company lost about a total amount of NT$ 10 million in 2012.
In February of 2013, its revenue reached NT$ 200 million, a growth of 12.84% as compared to January mainly because the increase in the value of orders received by its oversea factories in Indonesia and Thailand. In Q1 of 2013, the company is expected to acquire a small amount of profit and its two oversea factories are expected to return to profitability. Also, capacity utilization rate of its two oversea factories will reach 80%, which is more than that (70%) of its Taiwanese factory.
In February of 2013, its revenue reached NT$ 200 million, a growth of 12.84% as compared to January mainly because the increase in the value of orders received by its oversea factories in Indonesia and Thailand. In Q1 of 2013, the company is expected to acquire a small amount of profit and its two oversea factories are expected to return to profitability. Also, capacity utilization rate of its two oversea factories will reach 80%, which is more than that (70%) of its Taiwanese factory.
