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OFCO's Fastener Business Sees Gradual Return of Demand

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2023-04-13

According to OFCO, a fastener manufacturer uder Taiwan Steel Group, the demand for fasteners will begin to bounce up as customers gradually clear up their inventory. OFCO is also optimistic that the huge reconstruction demand after the Russian-Ukrainian war will trigger another wave of inventory replenishment. With the Group's continuous integration, the fastener business outlook is promising.

OFCO's revenue last year was NTD 4.817 billion, an annual increase of 28.1%; the net income after tax was NTD 284 million, an annual increase of 119%, and the EPS was NTD 3, a 10-year high. The revenue of the fastener business increased 87% year on year, and the gross margin came to 23.3%, an increase of 9.5%, boosting the operating profit to NTD 324 million, a YoY increase of nearly 7.6 times.

久陽螺絲

台鋼集團

庫存去化

需求回溫

集團整合

補貨

OFCO

fastener manufacturer

Taiwan Steel Group

inventory

returning demand

group integration