See on Scoop.it – Fastener news
“Chin Well Holdings Bhd, for instance, expects lower contribution from the European market for the second quarter of its financial year 2013 due to the economic crisis in Europe.
Group director Tsai Chi-yun said that Europe would generate about 35% of the revenue this time around, compared with about 40% a year ago.
“Due to the weakened demand, Chin Well has reduced the selling price for fasteners, which will affect its margins slightly for the 2013 second quarter.”
See on biz.thestar.com.my