Sheh Fung Screws' Profitable Q3 Prompts Goal for NT$2 Billion Sales by Year-End2020/09/24 | By CENS | SHEH FUNG SCREWS CO., LTD.
Located in Kaohsiung, Taiwan, Sheh Fung Screws Co., Ltd focuses on manufacturing three categories of screws: self-drilling screws, painted screws, and wood screws, often found in wood construction, sheet metal roofs, wood footpath, and DIY home decor applications. Currently, the U.S. is the firm's primary market, making up 64% of sales, 7% for Europe, 6% for Asia, and 12% for Australia. Clients include distributors, brand owners, and manufacturers.
The COVID-19 pandemic prompted home decor needs to increase in the European and American markets; starting from July, clients have begun to resume delivery and accept orders, even shipping out orders initially postponed. The firm expects to see this trend continue until the year-end. At present, demand for painted long screws continues and could buoy the firm's confidence to hit NT$2 billion for yearly sales, a 10% increase compared to last year's growth.
Sheh Fung Screws says their profits have improved in the past two years due to adjusting its product strategy. The firm focused on medium to small-sized screws but turned to develop medium to large-sized painted screws two years ago and continued to discuss new designs with clients. These screws can replace the traditional kind of wire nails as a medium to large-sized painted screws are much more robust, and users can directly drill them into wooden structures. The firm found its production ratio of this particular product specification has grown from 10% in the past to 30%. More people are making redecorating or renovating their homes with the pandemic and has continued to boost demand for related products.
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