German car manufacturer Volkswagen plans to set up plants in Taiwan, heightening the expectation of increasing demand for sheetmetals and fasteners. If the investment gets the governmental approval, it is expected that several sheetmetals and fasteners manufacturers, whicg have been currently supplying directly/indirectly materials to Volkswagen, will be the largest beneficiaries.
(…) General Manager Han of Boltun Corporation with the annual capacity up to 100,000 metric tons said that 60-70% of the demand of Volkwagen Shanghai for auto fasteners is supplied by Boltun factory in Xiamen and they are the largest supplier of Volkwagen. Considering the news of Volkswagen considering setting up plants in Taiwan, Han said it is true but the government should provide a better environmnet for investment. They are contacting Volkwagen for the supply, and it is possible that they can grasp the chance; Chun Yu also said, over 30% of their products are for cars and are mostly exported to car maunufacturers in Europe and the U.S. (…)
Volkswagen Planning to Set Up Plants In Taiwan May Benefit CSC and Chun Yu