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The new mold plants of the world’s largest automotive nut manufacturer, San Shing Fastech, will be operational this April and May, which can help increase the monthly capacity for fasteners by 50% and can increase the monthly capacity for molds by 100%. The new plants will be the most important factor to boost the sales growth of the company this year. The company is expected to return to the normal track in Q1 this year. The artificial person forecasts that the company will show continuous growth until Q3 and the annual revenue is expected to show a growth of over 10%.

 

The current monthly capacity for nuts is 4,500-5,000 tons per month (about 60% of the revenue). It also has plants located in Malaysia and Taiwan (The monthly capacity for screws of its Malaysian plant is 500-600 tons per month, while the monthly capacity for screws of its Taiwanese plant is 800 tons per month), which altogether represents about 16% of the total revenue. All of the products are supplied to car manufacturers.

 

The capacity expansion for fasteners will be the focus of the company and more fasteners will be shipped to car manufacturers. As the current capacity for fasteners has been fully utilized and the new fastener plants are going to be operational this April, the monthly capacity for fasteners will be increased from 800 tons per month to 1,200 tons per month. The monthly revenue contributed by the segment of molds reaches about NT$ 40 million to 50 million. Only a small portion of the molds are for its own plants and most of the molds are sold to other companies. The new plants can double the original capacity. With the increasing demand from customers, it is expected that the new plants can contribute at least NT$ 5 million-6 million of sales this year.

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