Printer Friendly

Yieh Phui Enterprise to boost output of galvanized steel in China.

Taipei, June 29, 2011 (CENS) -- To meet influx of orders, Yieh Phui Enterprise Co., Ltd., a leading maker of galvanized steel in Taiwan, will set up another production line in Changshu, Jiangsu province, China, bringing the total to three in the city and seven in China.

Wu Lin-mao, president of Yieh Phui, said galvanized steel is being used for computer cases as well as servers, helping the maker build closer ties with globally-leading firms as Hon Hai Precision Industry Co. and Whirlpool Co.

Admitting that Hon Hai has long been a major client of Yieh Phui, Wu said, with the emerging i-cloud era, the maker will likely see more orders from its major buyer Hon Hai as galvanized steel continues to be a building block of servers and LED (light emitting diode) TV parts, also noting Yieh Phui's galvanized steel is approved by tech firms, so is very competitive.

The maker approved at an annual shareholders meeting to pay NT$0.8 in dividends, including NT$0.3 in cash and NT$0.5 in stock per share.

The company scored NT$310 million in pretax earnings, or NT$0.2 per share, last year, with the vice chairman H.T. Liu noting profitability in the second half is dependent on the volatility of the NT-dollar against greenback.

COPYRIGHT 2011 China Economic News Services
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Yieh Phui Enterprise Company Ltd.
Author:Shen, Ben
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:Jun 29, 2011
Words:218
Previous Article:Insurance executives oppose implementation of IFRS Phase II in Taiwan.
Next Article:UPC Technology to build plant in Sichuan Province, China.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters