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  • Luosi.com celebrates its 10th Anniversary with 400 fastener CEOs

    Luosi.com celebrates its 10th Anniversary with 400 fastener CEOs

    By CFM| 2014-12-02 00:00:00

    On the very first day of Fastener Expo Guangzhou 2014, www.luosi.com held a big celebration of its 10th  anniversary on 24th Nov. with experts and leaders from more than 400 Chinese fastener companies and fastener associations. The fifth Chinese Fastener Summit was held at the same day. Many big names in industry attended the summit in the afternoon. The celebration was divided into three sections. In the afternoon of 24th Nov., a summit of fastener elites was held. The appreciation dinner came after in the evening. A special psychological lecture about wealth and restrictive concept was scheduled in the afternoon on 25th . The summit begun at 15:00 in the afternoon with the speech of Mr. Feng Jingyao, Chairman of China Fastener Industry Association on the topic of the current situation of China fastener industry. He emphasized that the older generation of entrepreneur should pay more attention on innovation rather than their rest glory since the relative trade advantage of China is becoming less and less distinct.  Then an professional expert in internet industry, Mr. Xiong Youjun, shared his idea about the application of internet in the traditional industry. His ideas about how to utilize the new media and website for company promotion had enlightened many CEOs. Then, Mr. Chen Huayin, the CEO of Suzhou Fast Hardware Co,. Ltd, shared his experience on how to realize fastener e-business. As a professional fastener manufacturer, the online sales value of Suzhou Fast Hardware reaches about 100,000 million each year. Further on, a high-level fastener industry dialogue which was hosted by Mr. Yang Junfeng, the CEO of www.luosi.com. He invited four guests to debate on the topic of how should fastener companies make the most of internet and how to solve various kinds of problems in the Dinner started in a pleasant atmosphere at 18:00. An amazing sand artist performed sand animation to showcase the ten years’ development course of www.luosi.com, during which we also reviewed the foundation of ChinaFastener Magazine and www.chinafastener.com. It was founded in 2004. After ten years of devoted work , is now the official website of China Fastener Institute and the leading media in China’s fastener industry. www.luosi.com is the Chinese web and the international version is www.chinafastener.com. It also publish professional fastener guide books every year. Luosi Industry is the Chinese one and ChinaFastener Magazine is a Chinese-English bilingual one. Later, the enthusiastic dance performed by ten beautiful female staff of www.luosi.com stirred up the whole party. And the president of www.luosi.com, Wang Yanbo,  together with three programmer and English editor of www.chinafastener.com, presented a inspiring song. What carried on was the link of lucky drawing and the evening ended in joyful mood. Most of the attendees expressed their appreciation towards the event by providing chance for them to communicate with each other. In the end, Mr. Feng Jingyao and the management unveiled a precious plaque which was given by a 98 year old eminent monk. It expressed the good wish that www.luosi.com to build century brand. Almost all the attended guests packed on the stage and had a big group photo. Happiness and satisfaction was so easily found on everybody’s face. process.
  • Fastener Expo Guangzhou 2014 sees double volume of visitors than last year

    Fastener Expo Guangzhou 2014 sees double volume of visitors than last year

    By CFM| 2014-11-28 00:00:00

    During 24-26 Nov., Fastener Expo Guangzhou was successfully held in Poly World Trade Expo Center. Foreign buyers came from 33 different countries, like Turkey, Italy, Poland, USA, Norway, Dubai etc. As was recorded by the organizers, the total number of visitors doubled than the last year on the second exhibition day. Overseas buyers consulting CFM’s customer service Big promotion painting of ChinaFastener Magazine Lots of CAS members (What is CAS members?) exhibited and told us that the show was a worth-going one, like Suzhou Xling, Shanghai Chengtai, Sailuk Rivet, Jiaxing Chinafar, S&D Fastener, Jiaxing Xinglin, Shanghai King Fastening, Jiangsu Washen, Yuyao Xintai , Cixi Jinggeng, Dongguan Demeng, Foshan Qingchang, Daqi Orient, Beijing Jinzhaobo etc. Jiaxing Chinafar Suzhou Xinling Sailuk Rivet Shanghai Chengtai Yuyao Xintai Cixi Jinggeng Foshan Qingchang S&D Fasteners Dongguan Demeng Shanghai King Fastening Though the scale of the show is not as big as Fastener Expo Shanghai, Fastener Expo Guangzhou was a great success not only to mention the large visitors flow, but also the great effect to promote business. And the organizers expressed their warm welcome and said that they will be expecting for more visitors to visit Fastener Expo Shanghai 2015 during 25-27 in the next year.
  • Fastener Companies Gathers in  National Industrial Fastener & Mill Supply Expo

    Fastener Companies Gathers in National Industrial Fastener & Mill Supply Expo

    By CFM| 2014-10-24 00:00:00

    At 9:00 in the morning on Oct. 23th 2014, the National Industrial Fastener & Mill Supply Expo was grandly opened at Sands Expo & Convention Center. NIFMSE has become not only the biggest fastener show in North America, but also one of the biggest fastener exhibitions in the world given to its vast of scale. www.chinafastener.com (Booth 1553) has exhibited for the last eight years. Being as one of the most professional fastener media in China, it managed to introduce more and more excellent Chinese fastener suppliers to overseas buyers. And the latest issue of ChinaFastener Magazine had gained much popularity at scene and many buyers showed great interest towards it. At the mean time, some of them had also asked about Fastener Expo Shanghai 2015, which will be held in June 25-27 in Shanghai World Expo Exhibition & Convention Center. Booth of ChinaFastener Magazine 1553 AS was observed by journalists of www.chinafastener.com, there are about 700 exhibitors with over 800 booths. Besides American fastener companies, many came from afar, like China, Singapore, Israel, Brazil, Japan, Italy, Chinese Taipei etc. Many powerful CAS members also appeared in the show, like Fast-Fix, SRC, Tandl, Dongtai QB, Wenzhou Kaixu, Changshu Five Rich, RET, XYLX, Sansega, Haiyan Power Fastener, Jiaxing Zhengying, Hengfeng Rivet, Xinkai, Zhejiang Qifeng, Haiyan Guangda etc. These companies had really lightened the show by showcasing plenty of good made-in China products. Tandl Fast-Fix SRC Dongtai QB Changshu Five Rich RET Sansega Wenzhou Kaixu Zhejiang Qifeng Power Fastener Hengfeng The atmosphere was quite pleasing at scene. A large number of international buyers came and discussed passionately with the suppliers. As was told by a few buyers, journalists of www.chinafastener.com learnt that European buyers prefer fastener manufacturers in Taiwan than those in Mainland China in the consideration of product quality. Chinese fastener manufacturer really need to think about it and change their business strategies. While our interview with many CAS members, we found that many Chinese companies had been aware of that during the show and the consciousness of getting better. We should have more faith and patience in them. This year’s Expo is the largest ever in the show’s 33-year history and will feature over 82,000 sq. ft. of exhibits of interest to fastener manufacturers, distributors, importers, sales reps and others, informs Susan A. Hurley, CEM, General Manager.
  • CFM Witnessed the Grand Opening day of Canton Fair

    CFM Witnessed the Grand Opening day of Canton Fair

    By CFM| 2014-10-17 00:00:00

    The 115th China Import and Export Fair (Canton Fair) grandly opened on 15th Oct., 2014 in China Import and Export Fair Complex ( Pazhou, Guangzhou, China). It will last to 4th Nov. The exhibition area covers 1.18 million square meters with 60,222 booths. This year 170 more companies exhibited which made the total number of exhibitors to 24,751. It showed the great influence of this show. CFM witnessed Canton Fair on the First Day and distributed the newly published 16th issue of ChinaFastener Magazine to international buyers on scene. Mr. Fang, the vice-minister of China’s Ministry of Finance, attended the opening ceremony and spoke that the public police had effectively improved the business environment and provided relief to the middle-sized companies and the next step is yet to come. The popularity of Canton Fair showed the steadiness of China’s foreign business . Mr. Liu Jianjun, the spoke man of Canton Fair, said that over 90% of the previous exhibitors choose to participate again which showed great confidence in this event. Though he pointed out that the financial turbulence of the international market and the outburst of Ebola may affect the number of foreign attendees, a steady business amount is expected. SRC Ningbo Ningli Beijing Jinzhaobo Zhejiang Qifeng Handan Ruiqiang Sansega Wuxi Anshida The Hardware show which is closely related to fastener products would be on the first phase of Canton Fair, lasts from 15th Oct. to 19th Oct., 2014. About 50 fastener companies took part in it. www.chinafastener.com noticed that lots of excellent CAS members (what is CAS member?)  exhibited, like Ningbo Ningli, Zhejiang Qifeng, SRC, Shanghai Five Minerals, Handan Ruiqiang, Ningbo Zheli, Sansega ,Beijing Jinzhaobo, Wuxi Anshida etc. Among them, Ningbo Ningli and Shanghai Five Minerals had specially decorated booth which attracted lots of international buyers. Most exhibitors told CFM journalists that there weren’t many visitors in the morning but more and more people came in the afternoon. Generally, they were happy about the visitors flow on the first day and ready to see the opportunity. While our visiting, many fastener exhibitors also concerned a lot about the upcoming Fastener Expo Guangzhou in Nov. which also indicated the increasing popularity of this show. “ We found that the quality of ChinaFastener Magazine and your service gets better and better and we are really looking forward to Fastener Expo Guangzhou.” as was told by one of ourCAS members.

Industry Activities

By UISTC ,2014-12-17 09:57:07

By Steve Chuang ,2014-12-16 11:11:24

As drastic wintry conditions hit North America to drive demand for collision auto parts globally in  Q4, some Taiwanese auto parts manufacturers have seen   encouraging revenue growth in November.   For instance, Hota Industrial Mfg. Co., Ltd., supplier of transmission system parts, scored consolidated revenue of NT$379.3 million (US$12.64 million) in the month, surging 20.04% year-on-year (YoY) and the second-highest single-month record in the  industry.   Benefiting from the steadily  thriving new-car market especially in the U.S. and less so in Europe, the company posted NT$3.862 billion (US$128.73 million) in cumulative revenue for the first 11 months of this year, up 14.68% YoY.   Hota is optimistic about its prospects in Q4, partly because of the peak season for the industry, and partly because of its newly developed products, including components and parts for torque converter clutch systems, gear reducers for electric vehicles, motorcycle engines and transmission gears, all are ready for mass production to begin driving sales. Echoing the optimism, institutional investors generally believe that the company will see December revenue and Q4 both hit record highs.   Meanwhile Hiroca Holdings Ltd., engaged in cubic printing, spray painting, plating and mold injection of automotive interior trim and parts, posted consolidated revenue of NT$769 million (US$25.63 million) in the same month, up 6.6% month-on-month, adding to its cumulative consolidated revenue of NT$7.759 billion (US$258.63 million) for the first 11 months of this year, surging 14.76% YoY.   Hiroca attributes its robust revenue growth in November partly to Nissan's heavy promotion of Murano sedans, whose monthly output remained at 12,000 units  October through November, and partly to banner new-car sales by two other customers, Toyota and Honda, in China.   To secure sustainable growth, Hiroca admits to aggressively scrambling for orders from American and European carmakers for interior trim and parts for volume-produced makes and models in China, to further reduce dependence on orders from Japanese carmakers. (SC)  

Raw Materials

By Huang Jin ,2014-12-16 10:02:48

BEIJING, Dec. 12 -- China will raise taxes on oil products from Saturday, the second increase in a month. Tax on gasoline, naphtha, solvent oil and lubricating oil to will rise to 1.4 yuan (about 23 U.S. cents) per liter from 1.12 yuan. The levy on diesel, jet fuel and fuel oil will be increased from 0.94 yuan per liter to 1.1 yuan, according to the Ministry of Finance (MOF) and the State Administration of Taxation. Retail prices of gasoline and diesel will be reduced by 170 yuan and 400 yuan per tonne after adding the higher tax, the National Development and Reform Commission announced in a separate statement. Retail fuel prices have been cut for ten times since July as the government reacts to lower crude prices on the global market. The adjustment will offset the drop in the price of crude oil and analysts estimate that fuel costs for drivers will remain flat after the move. The raise involves other petroleum products including naphtha, lubricating oil and jet fuel. A statement on Nov. 28 exempted small-displacement motorcycle, tire and ethyl alcohol from the tax to reduce burden on low and middle income group. Fuel tax and pricing reform began five years ago, raising consumption tax and launching a pricing system more closely linked with international market. Consumption tax was firstly imposed in 1994 on consumer goods with a high energy cost and high pollution to make production and consumption more environmentally-friendly and promote sustainable growth. Over ten countries including Russia, Australia, New Zealand and France have raised their oil product consumption tax since 2012 to ensure green development. Zhu Qing of Renmin University of China, believes that heavy tax on the products that harm the environment is a global trend, noting the average tax on oil products hit 0.67 U.S. dollar per liter in the 34 OECD countries with the highest as much as 1.4 U.S. dollars. "It's a signal of tougher policy on energy saving and emission reduction," said Liu Shangxi, director of the research institute for fiscal science at the MOF. Liu said that there is no sign of a mechanism connecting the tax on oil products and the oil price, and the two recent increases mainly targeted cutting fuel oil consumption. "Energy saving is a long-term mission," he said, "Low oil prices can hardly contribute to better air and living conditions." When asked about if there is any repetition between fuel tax and expressway tolls, Liu explained that the MOF released a notice to prevent repetitive taxes and dues in road and waterway transport in 2009, the year fuel tax and pricing reform kicked off.  

Company News

By ,2014-12-10 10:28:52

NLMK Group, a leading manufacturer of steel and rolled products with high added value in Russia, has upgraded air-blowing equipment used in blast furnace operations in Lipetsk. This upgrade will enable NLMK to reduce its environmental footprint and save approximately RUB 210 million through lower energy consumption.  Three modern turbo compressors were launched at NLMK’s Heat and Power Plant as part of the project. They will supply air under high pressure first to the hot-air units and then to Blast Furnaces 3, 4 and 5. Hot testing of the third and final turbo compressor began in September.   "By upgrading our equipment, we are meeting a challenge we announced in Strategy 2017 – the consolidation of our leadership in terms of key indicators through enhanced efficiency of all production processes. Substituting obsolete equipment with high-performance modern equivalents increases operational stability and reduces energy consumption. Savings for each of the three units will exceed RUB 70 million per year.", Alexander Starchenko, NLMK Vice President for Energy, said.   Investment in the project of installing the three modern turbo compressors totals RUB 1.86 billion.   Over the last three years, NLMK Group has implemented a number of large investment projects aimed at increasing the energy efficiency of operations and increasing the share of electric energy generated using by-products. An example is the new 150 MW Recovery Co-generation Plant, built at the Lipetsk site. It was built together with a modern Electric Air-blowing Station installed to meet the needs of Blast Furnaces 6 and 7. NLMK also built a modern Air Separation Unit that produces 34,000 cubic meters of oxygen per hour.   VIZ-Steel (Yekaterinburg) launched an Air Separation Unit to produce nitrogen with a capacity of 8,000 cubic meters per hour.   The combined savings that these and other projects have provided for NLMK Group on the purchase of energy resources was over RUB 850 million in 2013 alone.

Exibition & Association News

By CFM ,2014-12-02 00:00:00

On the very first day of Fastener Expo Guangzhou 2014, www.luosi.com held a big celebration of its 10th  anniversary on 24th Nov. with experts and leaders from more than 400 Chinese fastener companies and fastener associations. The fifth Chinese Fastener Summit was held at the same day. Many big names in industry attended the summit in the afternoon. The celebration was divided into three sections. In the afternoon of 24th Nov., a summit of fastener elites was held. The appreciation dinner came after in the evening. A special psychological lecture about wealth and restrictive concept was scheduled in the afternoon on 25th . The summit begun at 15:00 in the afternoon with the speech of Mr. Feng Jingyao, Chairman of China Fastener Industry Association on the topic of the current situation of China fastener industry. He emphasized that the older generation of entrepreneur should pay more attention on innovation rather than their rest glory since the relative trade advantage of China is becoming less and less distinct.  Then an professional expert in internet industry, Mr. Xiong Youjun, shared his idea about the application of internet in the traditional industry. His ideas about how to utilize the new media and website for company promotion had enlightened many CEOs. Then, Mr. Chen Huayin, the CEO of Suzhou Fast Hardware Co,. Ltd, shared his experience on how to realize fastener e-business. As a professional fastener manufacturer, the online sales value of Suzhou Fast Hardware reaches about 100,000 million each year. Further on, a high-level fastener industry dialogue which was hosted by Mr. Yang Junfeng, the CEO of www.luosi.com. He invited four guests to debate on the topic of how should fastener companies make the most of internet and how to solve various kinds of problems in the Dinner started in a pleasant atmosphere at 18:00. An amazing sand artist performed sand animation to showcase the ten years’ development course of www.luosi.com, during which we also reviewed the foundation of ChinaFastener Magazine and www.chinafastener.com. It was founded in 2004. After ten years of devoted work , is now the official website of China Fastener Institute and the leading media in China’s fastener industry. www.luosi.com is the Chinese web and the international version is www.chinafastener.com. It also publish professional fastener guide books every year. Luosi Industry is the Chinese one and ChinaFastener Magazine is a Chinese-English bilingual one. Later, the enthusiastic dance performed by ten beautiful female staff of www.luosi.com stirred up the whole party. And the president of www.luosi.com, Wang Yanbo,  together with three programmer and English editor of www.chinafastener.com, presented a inspiring song. What carried on was the link of lucky drawing and the evening ended in joyful mood. Most of the attendees expressed their appreciation towards the event by providing chance for them to communicate with each other. In the end, Mr. Feng Jingyao and the management unveiled a precious plaque which was given by a 98 year old eminent monk. It expressed the good wish that www.luosi.com to build century brand. Almost all the attended guests packed on the stage and had a big group photo. Happiness and satisfaction was so easily found on everybody’s face. process.

Fastener News

By Miles Moore ,2014-11-17 11:28:58

TOLEDO, Ohio—Hitachi Metals Ltd., a Tokyo-based auto parts manufacturer, has agreed to plead guilty and pay a $1.25 million fine for its alleged role in a conspiracy to fix prices and rig bids for automotive brake hose. The U.S. Justice Department Antitrust Division filed a one-count felony charge and settlement agreement against Hitachi on Oct. 31 in the U.S. District Court for the Northern District of Ohio in Toledo. According to the document, Hitachi and its co-conspirators fixed the prices of brake hose sold to Toyota Motor Corp. and Toyota’s subsidiaries, affiliates and suppliers. Hitachi’s involvement in the conspiracy lasted from at least November 2005 until at least September 2009, according to the Justice Department. In addition to pleading guilty and paying the fine, Hitachi also agreed to cooperate fully with Justice Department investigators in their ongoing probe of price fixing among auto parts manufacturers, the agency said. The settlement agreement is subject to court approval. With Hitachi’s guilty plea, 30 auto parts manufacturers have pleaded guilty or agreed to plead guilty in the Antitrust Division’s price fixing investigation, the largest in the history of the agency. Those companies have agreed to pay a total of nearly $2.4 billion in fines. Forty-four executives of those companies have also been charged individually for their alleged roles in the conspiracy. The Antitrust Division and the Federal Bureau of Investigation continue to seek information on price fixing, bid rigging and other illegal, anticompetitive practices in the auto parts industry. Anyone with information on this matter should contact the Antitrust Division’s Citizen Complaint Center at 888-647-3258 or at this website. They may also contact the FBI’s Cleveland field office at 216-522-1400.

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