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Rising Wire Rod Prices Boost Operations, Tycoons Group Sees Improved Sales and Profitability

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2026-07-28
     Tycoons stated at its investor conference that the recent NT$1,000 per ton increase in wire rod prices by Taiwan CSC for Q3 has lifted inventory values, while growth in wire processing and high value-added products has strengthened overall operating momentum, with further profit expansion expected. The company noted that its strategy focuses on wire processing, integrated one-stop services, and product upgrades, supported by a diversified footprint across Taiwan, Thailand, Vietnam, and China. Its Thailand operation, positioned in the ASEAN market, continues to benefit from stable demand and serves as a key growth driver.
 
     Financially, its Q1 consolidated revenue reached NT$3.46 billion, up 57% year-on-year and 35% quarter-on-quarter, reflecting clear improvements in orders and shipments. Ongoing global inventory destocking in the fastener industry, coupled with gradually recovering demand in Europe and the U.S., as well as China’s steel output control policies, will help rebalance supply and demand, positioning Tycoons to benefit from the industry upturn.
Tycoons Group
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profit expansion
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