Tycoons Group, one of the major wire and fastener manufactures in both Taiwan and Thailand market said that its loss after tax in the first three quarters of 2012 were NT$275 million, affected by the market demand was weak.
In the first 11 months of this year, the company's sales revenues grew by 7% year on year, driven by good performance of its Thailand's subsidiary.
Currently, Tycoons Thailand mill's annual output for wire rod is 360,000 tons. Once its electric furnace mill starts its official operation, the company will have annual capacity of steel billets of 500,000 tons.
Besides, Tycoons Group is mulling to produce rebar at its Thailand mill in order to supply to Thailand domestic market.