Tong Ming Enterprise Co., one of the major stainless steel fastener manufactures in China has calculated that its total sales revenue from this January to November totaled NT$5.415 billion, increasing almost 10% year on year.
The company said that according to its order receiving condition and the recovered LME nickel price, the company's fourth-quarter gross profit rate should be able to rebound.
Tong Ming said its market share in China for stainless steel 300 series fastener was about 33% in 2012 and it helped the company to become the market leader in China.
In the background, Tong Ming Enterprise Co., Ltd. was established in 1996 by TONG group in the Jiaxing Economic Development Zone in Zhejiang province, China.
TONG group is an international stainless steel fastener manufacturing group with several production bases in Malaysia, Thailand and China.
