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Tong Ming, the
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2013-12-17
Stainless steel fastener maker Tong Ming (5538) went public on December 16 by NTD 22 per share. It plans to construct the "7-ELEVEN" for the fastener industry through its strength in distribution channels, and expands its competence in the Asian market.
 
According to general manager Eric Tsai, Tong Ming currently has 32 direct branches and 3,000 sales bases. In the coming two to three years it will add five more branches. It believes that the most powerful competence lies in integrated production & sals, and completion of distibution routes.
 
The main operating bodies of the company are Tong Ming Enterprise in Jiaxing and Winlink Fasteners in Kaohsiung, specializing in manufacturing and selling stainless steel screws, nuts, and wires, and trading special fasteners.
 
Market insiders describe that Winlink Fasteners ha extremely strong integrating ability. It does not perform direct production, but can contract out to cooperating companies. Its stockpile productivity reduces the volatie material price risk to the minimum, making itself a giant in the stainless steel fastener sector and a leader in global market shares.
 
Ms. Ko, spokesperson for Tong Ming and general manager of Winlink Fasteners, states that Tong Ming has gone public this year by NTD 22 per share with total fund raise of NTD 396 million.
 
China market encompasses the production ans sales of stainless steel fasteners and wires used in construction, machinery, transport, telecommunication, energy, and ship building. The annual capacity exceeds 50 thousand tons. Winlink Fasteners spans across solar, aerospace, and automotive market as a critical company for the industry of Taiwan and China.
 
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