Taiwan's China Steel Structure Sees Production Lines Fully Booked Till Year-end

Taipei, Oct.5, 2012 (CENS)--China Steel Structure Co. (CSSC) under the CSC Group has fully-loaded production lines till the end of this year, which will exceed NT$13.6 billion (US$453.33 million) of revenues in 2011 to set a historical high again. Z.H. Chen, chairman of the company, says orders have come from Norway and Japan. CSSC recently received a large order from Norway for two oil-drilling hangers, the world's biggest hanger at 1,100 tonnes each.

CSSC also has received orders for furnace maintenance from Sumitomo Metal Industries Ltd. Chen says such orders for special machineries generate higher profits than constructions of buildings and plants. CSSC saw export market previously account for less than 10% of operations, which it aims to improve.

An institutional indicated that CSSC saw revenues in 2011 reach NT$13.68 billion (US$453.33 million), with NT$5.537 billion (US$184.57 million) in net profits and NT$2.87 (US$0.096) in earnings per share (EPS), all historical records.

Another of CSSC's goals in 2013 is growing export orders. Chen says steel structure, despite critical to building engineering, often sees underselling competition and unexpected profits. Currently CSSC's reinvested company in China mainly targets the local market with limited business scale, which will change with expansion of export markets.

A manager of the company said that it has sufficient steel structure plants in China to fill overseas orders for export and assembly later; while Southeast Asia has potential due to immature steel structure industry and growing constructions and economy.

An institutional investor says CSSC's plant expansion in Yenchao Dist. of Kaohsiung City will help save freightage sizably and boost production efficiency.