Chin Well gains from US-China trade war
Higher target: Chin Well targets DIY fasterners to contribute to 20% of group revenue in 2020
BUKIT MERTAJAM: A beneficiary of the ongoing US-China trade war, Chin Well Holdings Bhd 
will ramp up output of its industrial fastener products to 120,000 tonnes from 105,000 tonnes for the financial year ending June 30, 2020, to cater to rising demand.
Group executive director Tsai Chia-ling told StarBiz the ongoing US-China trade conflict created new business for the group.
“Wholesalers and distributors of steel hardware products in the United States have reduced sourcing from China due to the 25% duty that they have to pay for imported China products.
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| CHINWEL | 1.200 |
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