Chin Well increases industrial fastener production

In a filing with Bursa Malaysia, Country View said that the acquisition

BUKIT MERTAJAM: Chin Well Holdings Bhd is increasing its production capacity to meet worldwide industrial fastener demand which is projected to hit US$116.5bil by 2022, growing at a 5.4% compounded annual growth rate (CAGR).

In particular, Chin Well is raising the output of do-it-yourself (DIY) fasteners, reinforcing bar (known also as rebar) connectors, and wire mesh products, so that they will contribute 30% to 40% of the group’s revenue in four to five years, compared to about 11% currently.