Industry Activities
Sheh Fung's Q3 Sales Surged Due to Growing U.S. House Improvement Demand Amid the Pandemic
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2020-08-24
Sheh Fung General Manager, Kent Chen, says the pandemic keeps U.S. residents indoors and makes them unable to find anyone for doing home improvement works. They have to do by themselves and that in turn bumps up Sheh Fung's fastener shipment. Pressure from clients' incoming orders has been high lately and Sheh Fung already sees 3 months of pending orders ahead. The third-quarter revenue is expected to be a double-digit growth and the full-year revenue is very likely to land on the NTD 2 billion mark.
Sheh Fung's fasteners are mostly used on wooden houses, iron roofs, wooden footway, and indoor renovation. The U.S. tops the sales of Sheh Fung by 64%, followed by Australia (12%), Asia (12%), and Europe (7%). The company is not much subjected to the pandemic this year because of the sales growth of highly profitable long screws.
According to Sheh Fung, short screws share around 12%-17% profit, and long screws share 22%-27% profit. Long screws have just become the main requested category of customers since recently. They are used to enhance wooden house structures and are time-saving with a great growth potential. They have become an important profit drive for Sheh Fung by an increased sales proportion from 10% to 30%.
Additionally, last year Sheh Fung decided to set up a base in Vietnam which will be launched in the first quarter of 2022 and focus on low-to-medium-profit screw manufacture.
台灣世豐螺絲
陳駿彥
長短螺絲
家居修繕
美國需求
Taiwan Sheh Fung Screws
home improvements
U.S. demand
wood structures
木結構
扣件
國際展會
惠達雜誌
匯達實業
外銷媒合
廣告刊登
螺絲五金
五金工具
紧固件
台灣扣件展
印度新德里螺絲展
越南河內螺絲展
墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
FASTENER WORLD
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Industry Activities
2020-09-03
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