Chin Well expects slower export sales this year

Price pressure: A file picture shows Chin Well’s production floor. The group expected at least 10 decline in sales due to competition.

GEORGE TOWN: Chin Well Holdings Bhd, one of the world’s largest manufacturers and suppliers of carbon steel fasteners, expects lower export sales this year as the company loses market share to China-made products.

Group executive director Tsai Chia-ling told StarBiz that the group expected at least 10% decline in sales due to competition from China.