Ofco’s Sales to the U.S. Increases by 40%

     With more than three decades of experience in R&D and capabilities of manufacturing high yield-rate products, Ofco Industrial Co., Ltd. enjoys the cost of advantages due to resource integration with Taiwan Steel Group and offers competitive prices to customers. It is reported that the sales of Ofco to the U.S. increased from 10% to 40% and its revenue reached NTD 0.103 billion in July (up 2% from June this year, but down 0.92% from the same period last year). The proportion of its revenue generated from sales to the U.S. increased significantly. On the other hand, benefited by the steadily increasing orders from its U.S. buyers, which kind of offset the impact from the increasing competition of Chinese suppliers in the European market, Ofco is very likely to report a revenue growth in the 2nd half of 2019. According to Ofco, the demand for high added value fasteners in the EU member states continues to grow gradually and its orders from this market have been arranged until the beginning of 2020. According to Ofco, the structure of global bolts demand is changing, so it will continue to promote high-end products to the European market and increase the proportion of these products, and it will also continue to develop new customers in the U.S. market.