Tycoons, one of the major wire products manufacturers in Taiwan and Thailand, has announced its sales revenue at TWD 139 million in October 2011, decreased by 14.7% MoM.

Tycoons said that due to the unstable global economic condition and slow down steel market situation, its shipments in October 2011 dropped.

Furthermore, the company predicted that its shipments would decrease further in November and December. The firm indicated that the uncertain economy caused the company's customers in the US and Europe slow down their purchase activities.

(Sourced from www.yieh.com)