Kian Shen of Taiwan Expects 5-Year Revenue High in 2nd Half

Taipei, Aug. 24, 2012 (CENS)--Kian Shen Metal Works Co., Ltd., maker of vehicular chassis in Taiwan, is expected to register a five-year high in revenue in the second half, due to strong demand for commercial vehicles, trucks and buses on the island, having recently said orders have been received throughout the year.

The 5th-stage emission standards in Taiwan will become effective on Jan. 1, 2013, driving stronger demand for commercial vehicles and trucks/buses, which the maker says it can hardly meet.

Two Chinese subsidiaries, including Guangzhou NTN and Beijing NTN, are expected to generate record profits for Kian Shen this year, due to major customers Dongfeng Nissan and Beijing Hyundai having launched new cars and ordered chassis.

Kian Shen registered revenue of NT$143 million (US$4.8 million) in July, up 6.6% year-on-year (YoY) for a five-year monthly high, with cumulative revenue in the first seven months of NT$864 million (US$28.8 million), up 8.6% YoY.

To stay with its parent company Yulon Motor Co.'s investment project in China, the joint venture of Dongfeng Yulon Motor Co., Ltd. to produce and sell Yulon Group's Luxgen passenger cars, Kian Shen is constructing a new vehicle frame factory in Hangzhou, Zhejiang Province, to be completed in early 2013 to supply chassis and other sheet-metal parts to Luxgen sedans.