Gloria Material Technology Corp. (GMTC), the largest specialty alloy manufacturer in Taiwan, posted its consolidated revenue of NT$1.058 billion for August, a month-on-month decrease of 3.6% and a year-on-year drop of 5.1%. The cumulative revenue in the first eight months slid by 2.53% year on year to NT$8.93 billion.

GMTC said the company’s orders have been fully booked until the first quarter of next year, with an order value of more than NT$8 billion in hand. The products are mainly high-margin steel products related to aerospace, energy, and oil and gas sectors.

GMTC’s Xinying plant gradually resumed production in July after the rectification project finished. Despite gross profit being impacted by the previous low demand for commercial stainless steel and tool steel, the resumed operations will boost the company’s business with the recovering market demand.

With the new production lines of aerospace and military products, the proportion of high-margin products, including aerospace, oil, gas, and energy goods, will rise to 60%, which increases the company’s operational growth momentum.