Taiwanese Ta Chen's revenue drops in Q1
16 May 2019 16:03 reported by Claude Tseng
Ta Chen International, Inc. (TCI), a leading distributor of stainless, aluminum and nickel alloy products in Taiwan, announced its revenue of around NT$1.17 billion from January to March this year, a year-on-year decrease of 9.9%.
Ta Chen had a good performance in the same period last year due to anti-dumping investigation toward China's aluminum coil and sheet. Before the US announced the anti-dumping duty, many US distributors bought a lot of quantity for its inventory.
Therefore, the import volume was much more than the same period in 2019. Affected by the anti-dumping issue, the US' performance was less this year. According to Ta Chen, the stainless coil/sheet exports to the US in the first quarter were almost as same as those in the same period in 2018.
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