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  • China International Hardware Show (CIHS) Grandly Opened

    China International Hardware Show (CIHS) Grandly Opened

    By CFM| 2014-09-19 00:00:00

    On Sep. 18th, China International Hardware Show (CIHS) grandly opened at Shanghai New International Expo Center. ChinaFastener Magazine, being as one of the leading fastener media in China’s fastener industry, exhibited the show (Booth No: F60 and F62)  and distributed its latest issue at scene. The show started in 2001 and was often regarded as Asia’s top trade fair for the entire hardware and DIY sectors offering specialist traders and buyers with a comprehensive category of products and services. This year there are about 3000 hardware enterprises exhibited from home and abroad. And it covered an area of 120,000 square meters. The estimate number of visitors during the three-day exhibition is 50,000. CFM journalist noticed that the participation of fastener companies is less good than the last year influenced by the unfavorable market situation. Only about 80 fastener companies came. Some of the fastener exhibitors are : Fast-Fix, Washen, Jiaxing Chinafar, Sansega, Jiaxing Zhengying, Jiangsu Xinchangjiang, Ningbo ABC, Haiyan Guangda, Haiyan hongmao etc. Fast-Fix Jiaxing Chinafar Jiangsu Washen Haiyan Sansega Jiaxing Zhengying Ningbo ABC Jiangsu Xinchangjiang Haiyan Guangda Sanhewlett
  • CFM distribute its 16th issue at 2014 Korea Metal Week

    CFM distribute its 16th issue at 2014 Korea Metal Week

    By CFM| 2014-09-17 00:00:00

    2014 Korea Metal Week grandly opened on Sep. 16th, 2014 in Korea International Exhibition Center (KINTEX), Seoul, South Korea. ChinaFastener Magazine (Booth No. 5g 190) attended in it as a supportive media.   Korea Metal Week, organized by Korea Trade Fairs Ltd, is held every two year since 1989. It is the biggest metal industry and machinery fair in South Korea, comprising of seven shows. They are Fastener & Wire Korea, Die Casting & Foundry Korea, Automobile & Machine Parts Korea, Press & Forging Korea, Tube & Pipe Korea, Metal Surface Treatment Korea, and Korea Composite Show. This year 320 exhibitors participated in this event and 31 of them came from mainland China. The rest of exhibitors were from Korea, Chinese Taipei, Germany, the USA, Switzerland etc. Chinese exhibitors were relatively fewer than the last year. 50 exhibitors from mainland China exhibited in 2013. About 89 exhibitors exhibited in Automobile & Machine Parts Korea. And 58 exhibitors gathered in Fastener & Wire Korea.15 fastener companies from mainland China exhibited, including Shanghai Rivet, Qiang Xin, Wenzhou Taihe, Hebei Fuao, Baoji Qicheng, Hangzhou Dingyuan, Ningbo Exact, Ningbo Jinding, Eagle Hardware, Shanghai Jingyang, Haiyan Sanma, Ningbo Hexin, Kinfast Hardware etc. Many famous brands also appeared such as Atotech, Hyodong etc. Atotech Hyodong Shanghai Rivet Wenzhou Taihe Qiang Xin Hebei Fuao Baoji Qicheng Hangzhou Dingyuan Shanghai Jingyang Ningbo Jinding Haiyan Sanma Being as the supportive media partner, representative of CFM distributed the latest issue of ChinaFastener Magazine at scene and it was very much welcomed by the international buyers. They were quite interested about the buyer’s guide part. The visitors were fewer at the opening day and today there are much more buyers. As the organizer put, this exhibition will be held once a year from this year on. The next Korea Metal Week will be held in Sep 2015 Worth to mention, Korea Metal Week is concurrently held with 4 major trade fairs specialized in machine (KOMAF), tools (Tool tech), auto parts (KOAASHOW), and welding (Welding Korea), which comprised as Korea Industry Fair. It is expected that there will be around 130,000 buyers to visit during the four days exhibition. In 2013 South Korea’s fastener output reached 970,000 tons Automobile industry, construction industry, and electronics industry were the three largest consumer groups of fasteners, demanding more than 750,000 tons (77.4%), 130,000 tons (13.5%) and 20,000 tons respectively, and the rest 70,000 tons went into other industries. As for the import, South Korea imported USD 520 million fasteners in 2013, up 16.7% in comparison with 2012 (2012: USD 450 million). The fasteners imported from mainland China, USA, Germany, and Chinese Taipei were USD 180 million, 130 million, 49 million, and 25 million, respectively, with such fasteners shipped from mainland China taking the highest share of 34.6%. In regard to export, South Korea exported USD 670 million fasteners in 2013, up 11.3% while compared with 2012 (2011: USD 607 million). From above statistics, it is pretty obvious that Mainland China is the major supplying country of South Korea’s fastener industry. And the holding of Korea Metal Week plays an important role in strengthening the communication and trading between South Korea and Mainland China. The 16th Issue of ChinaFastener Magazine will go to Metalex Vietnam and 2014 National Industrial Fastener& Mill Supply Expo (Booth No 1553). Come and get a free hardcopy then , see you there! Or you can contact us through buyer@chinafastener.com
  • Always on the Run---CFM heading for M-Tech Tokyo 2014

    Always on the Run---CFM heading for M-Tech Tokyo 2014

    By CFM| 2014-06-27 00:00:00

    After a short break from 2014 Fastener Expo Shanghai, the representative of ChinaFastener Magazine exhibited in the 18th  M-Tech Tokyo during 25-27 June.  Japanese companies account for nearly 90% of the 900 exhibitors. 18 exhibitors of fasteners came from Korea and 17 from China mainland. Most of Chinese exhibitors came together with translators since about 95% of the visitors are Japanese. CFM's Booth E32-16 Some of the Chinese exhibitors also went to Fastener Expo Shanghai 2014 as well as CFM representative, like ChinaFar, Jiaxing Zhengying, Ningbo Jinding, Eagle Metalware ,Jiaxing Zhapu, Jiashan Yongxin etc. Jiaxing Zhengying Jiaxing Chinafar Eagle Metalware The 18th Mechanical Components & Materials Technology Expo (M-Tech), 5th Medical Device Development & Manufacturing Expo (MEDIX), 25th Design Engineering & Manufacturing Solutions Expo (DMS), 22nd 3D & Virtual Reality Expo (IVR) was held during the same period. Satisfaction was found on everybody’s smiling face Representative of Korea Group Taiwan Group CFM representative recommended appropriate suppliers and was astonished by the creative decoration of exhibitors at scene. It is said that, the fastener industry is relatively stable and closed in Japan. Fastener companies tend to buy steel , cold header ,heat treatment facilities and other related materials at home. During CFM’s short interview with Chinese exhibitors, some of them also said that :” In fact, the main reason for us to come to the show is that we really want to know the development of fastener industry in Japan and see what we can learn from them.”  
  • CFM's World Journey Continues----Hardware+Tools 2014

    CFM's World Journey Continues----Hardware+Tools 2014

    By CFM| 2014-06-09 00:00:00

    During 3-5 June the 15th Hardware + Tools Middle East grandly opened in Dubai International Convention and Exhibition Centre (DICEC), Dubai, United Arab Emirates, showcasing the Product Groups of TOOLS, HARDWARE, CONSTRUCTION & BUILDING MATERIALS, and MACHINERY.                                                                                                       CFM's booth No (HT711) Being as the most delicate hardware fair in the region, Hardware + Tools Middle East 2014 has attracted 230 exhibitors from 13 different countries, including China ,India, France, Germany, Italy, Poland etc. Among them, most of the exhibitors came from China. Chinese exhibitors counted 155 and 9 came from Chinese Taipei. About 17 Chinese fastener companies took part in this big event, such as Dongtai QB, Yuyao Mingfeng, Ningbo Sijin,  Jiashan Yongxin, Haiyan Sansega, Haiyan Ronghua, Shanghai Anzi, Wuxi Hezi, Haiyan Brother United, Haiyan Hongcheng etc. Shanghai Anzi Haiyan Ronghua Ningbo Sijin Yuyao Mingfeng Jiashan Yongxin Haiyan Sansega Wuxi Hezi Haiyan Brother United Haiyan Hongcheng As the affection of many of EU’s anti-dumping duties, Chinese fastener companies are eager to open new market. It is reported that Dubai had imported 72,583 tons of fasteners from China in 2013, which counted 26% of the total import amount. The export value of fasteners imported from China is 113.2 million dollars. During the last 10 years, the population and number of tourists surged in a great deal. CFM journalist noticed that there are at least 10 five star hotels which are in preparation. Furthermore, the government investment on hardware and architectural projects will possibly exceed 200 billion dollars in 2015, like the expansion of AUH, Dubai Rail Project, City of Arabia in the biggest theme park Dubai Land etc. All that indicate the great potential of fastener market in the Middle East.  Suppliers scanning CFM magazine CFM journalist recommending CAS members to buyers As the professional media in fastener industry, ChinaFastener Magazine (Booth No.HT711) took part in the trade show to recommend excellent fastener suppliers to the international buyers. The 15th issue of ChinaFastener Magazine was warmly welcome by the overseas buyers. CFM journalist also made reference of suppliers to them based on their specific needs. They expressed great interest in Chinese companies

Industry Activities

By Steel Guru ,2014-09-18 00:00:00

Reuters reported that China’s factory output grew at the weakest pace in nearly six years in August while growth in other key sectors also cooled, raising fears the world’s second largest economy may be at risk of a sharp slowdown unless Beijing takes fresh stimulus measures.   The output data, combined with weaker readings in retail sales, investment and imports, pointed to a further loss of momentum as the cooling housing market increasingly drags on other sectors from cement to steel and saps consumer confidence.   Industrial output rose 6.9% in August from a year earlier the lowest since 2008 when the economy was buffeted by the global financial crisis compared with expectations for 8.8% and slowing sharply from 9.0% in July.   Mr Xu Gao, chief economist at Everbright Securities in Beijing said that “The August data may point to a hard landing. The extent of the growth slowdown in the third quarter won’t be small. The chances of cutting interest rates and bank reserve requirements have increased. I think they are more likely to cut interest rates.”   Some analysts believe annual economic growth may be sliding towards 7% in the Q3 putting the government’s full year target of around 7.5% in jeopardy unless it takes more aggressive action. Experts reckon output growth of around 9% would be needed to attain such a goal.   Mr Liu Li Gang and Mr Zhou Hao at ANZ said that “Short of outright policy easing, China will likely miss the 7.5 percent growth target this year, and a sharp economic slowdown will endanger the undergoing structural reforms. As such, we reckon that Chinese authorities should further relax monetary policy as soon as possible to prevent growth momentum from decelerating further.”   Mr Jiang Yuan, a senior statistician with the bureau, said that the dip in August factory growth was due to weak global demand, especially from emerging markets, and the slowdown in the property sector that hit demand for steel, cement and vehicles.   China’s economy got off to a weak start this year as Q1 growth cooled to an 18 month low of 7.4%. Beijing responded with a flurry of stimulus measures that pushed the pace up slightly to 7.5% in the Q2 but soft July and August data suggest the boost from those steps is rapidly waning

By Chen Yang ,2014-09-16 10:24:15

Dairy industry group expects big trade boost following deal China and Australia are likely to reach a long-awaited free trade agreement (FTA) within the year, a senior Australian official said Monday. A press officer with China's Ministry of Commerce (MOFCOM), who did not give his name, also confirmed the time schedule with the Global Times on Monday. The news was welcomed by Australia's dairy industry which sees growth opportunities in the agreement. Australian Trade and Investment Minister Andrew Robb told a dairy industry forum held Monday in Melbourne that "finalization [of the FTA] with China remains in prospect this year," according to a speech posted on the minister's official website. China and Australia started FTA negotiations in 2005. The two sides just concluded the 21st round of talks in Beijing on September 5, with solid progress being made in issues such as trade in goods and services, and investment, read an earlier statement from the MOFCOM. Robb told the forum that "to further delay [the deal] will only exacerbate the advantages our direct competitors have, including most relevant to you, New Zealand," and his major objective with the China FTA is to get at least a New Zealand-equivalent deal for the dairy industry. Australian Dairy Farmers Limited (ADF), the country's dairy industry association, is eager to see the deal concluded as soon as possible. "Australian dairy imports help meet the shortfall between domestic supply and demand in the high-end sector of the Chinese market, including products such as specialty powders, cheese, butter and infant formula and in many cases these are products that China does not produce," Natalie Collard, CEO of ADF, told the Global Times via e-mail on Monday. While Australian dairy is keen to pursue growth opportunities off the back of an FTA with China, it is not the industry's intention to do so at the expense of Chinese dairy production, she said. China and New Zealand signed an FTA in April 2008. Since concluding the agreement, New Zealand's dairy trade revenue from China increased by A$3.7 billion ($3.3 billion) by the end of 2013, while Australia's revenue from China only increased by A$173 million during the same period, according to Robb. But analysts said that Australia is not likely to receive as big a boost in dairy exports as New Zealand had experienced. "New Zealand mainly exports raw milk to China where demand from local dairy companies is huge, but Australia mainly exports finished dairy products, and the demand is not that large," Song Liang, a dairy analyst at the Beijing-based Distribution Productivity Promotion Center of China Commerce, told the Global Times Monday. But he said the FTA deal might facilitate Chinese companies to invest in Australian dairy farms or companies. Officials said the difficulty of the Sino-Australian FTA negotiations mainly lies in the two countries' divergence in market access and agricultural products. Chinese Commerce Minister Gao Hucheng told a press conference in March that China seeks greater access for Chinese companies to invest in Australia, while the main concern for the latter is its agricultural exports to China. China is Australia's largest trade partner and biggest export market. The bilateral trade reached $136.4 billion in 2013, up 11.5 percent year-on-year, data from Chinese customs showed. China has made great progress in inking free trade deals. Its FTAs with Iceland and Switzerland have taken effect since July 1. The China-South Korea FTA is also expected to be signed within the year. "These agreements are not likely to greatly boost China's foreign trade revenue amid sluggish external demand, but with more FTAs concluded, their role in improving trade figures will become pronounced," Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times Monday.  

By Bernadette Baum ,2014-09-15 09:40:54

Auto dealers were told to stop selling the 2015 Chevrolet Corvette and shipments were delayed from the General Motors plant that makes the hot-selling sports car while the company addresses two issues, GM said Friday. A public recall of the car wasn't issued, said GM, which didn't say if a recall later would be necessary. The company didn't say how many cars affected by these issues were sold to consumers. But a company spokesman said few of the Corvettes already sold to consumers were suspected of having either of the two issues that have temporarily halted shipments and dealer sales. There is often a lag of several days between the discovery of a problem and a recall triggered through U.S. safety regulators of the National Highway Traffic Safety Administration. The two issues affecting the critically acclaimed Corvette weren't linked to any reported crashes or injuries, GM spokesman Alan Adler said. About 800 Corvettes at dealer lots may have been built with only one of the two rear parking-brake cables in place and engaged. This would be repaired by technicians if needed, GM said. Also, about 2,000 Corvettes would be held at the GM plant in Bowling Green, Kentucky because a suspect part may have been used to attach the air bag to the steering wheel, GM said. The newest version of the iconic American sports car has received rave reviews from a wide range of publications. U.S. sales of about 23,500 through August this year are up 235 percent from a year ago, according to Autodata Corp.  

Raw Materials

By Wu Yanping、Bianji ,2014-09-11 10:05:18

The first six months of 2014 were not easy for a slowing Chinese economy. For China's steel companies, times were even harder. Over half of the listed Chinese steel companies saw their debts approach alarming levels in the January-June period, with steelmakers filing their half-year results to stock exchanges by the end of August. Of all 33 listed steelmakers, 18 firms posted a debt-to-asset ratio higher than 70 percent, with Xinjiang-based Bayi Iron & Steel Co., Ltd. was burdened with the highest debt ratio at 86.46 percent, according to their financial statements. "For steel companies, a debt-to-asset ratio higher than 70 percent means the firm is facing a capital problem," said Zhang Lin, an analyst with lgmi.com, a steel information service website. Zhang expected the debt problem to worsen for steel companies as the sector tends to make substantial investments that usually takes a very long period to mature. Even for the best performing steel companies, the debt-to-asset ratio remained above 60 percent, a level Zhang said underlines the hardship of the entire sector. China currently has 86 steel companies that produced 411.91 million tonnes of crude steel, 362.02 million tonnes of pig iron and 552.25 million tonnes of rolled steel products in the first half of the year, according to data by the China Iron and Steel Association (CISA). Total debts of the steel sector exceeded 3 trillion yuan (486 billion U.S. dollars) by the end of June, and 43 percent of the total debts, or 1.3 trillion yuan, stemmed from bank loans, the CISA data showed. Xu Xiangchun, a steel analyst for Mysteel.com, a steel market portal, said Chinese steelmakers had expanded too fast over the past few years but such expansion is mainly driven by mounting debts borrowed from banks and other financing channels. As steelmakers owe more, banks are more reluctant to make loans to the sector due to the high debt-to-asset ratio, thus squeezing their liquidity, Xu said. Early in July, the China Banking Regulatory Commission warned banks to be careful about risks in lending to iron ore dealers, steel companies and other sectors experiencing overcapacity. The China International Steel Congress last month estimated the country's steel industry now has an excess capacity between 180 million tonnes and 240 million tonnes. Such overcapacity means steel companies like Bayi Iron & Steel Co., Ltd. must compete with each other with lower prices in order to survive the fierce competition. Sitting on the highest debt-to-asset ratio, Bayi attributed its loss of 719 million yuan in the first half of the year to weaker demand from the property and infrastructure construction sectors. "The demand has dwindled greatly and the steel market is flagging," the steel company said in its note to investors. In the January-June period, Chinese steel companies posted a combined profit of 2.27 billion yuan, reversing a loss of 2.33 billion yuan in the first quarter, according to the CISA data. But the profit is brought by 4.32 billion yuan in investment revenues and 3.88 billion in non-operating income, rather than their loss-incurring core steelmaking business. Under such pressure, Xu said, many steelmakers may have to cut or even suspend their production to get through hard times. "If their money is draining, selling fixed-assets in exchange of operating liquidity is also another option for steel companies, " Xu said    

Company News

By ,2014-09-17 11:53:36

Fastenal Company’s sales continued to improve this year as the industrial and construction supplies wholesale distributor recorded six consecutive months of double-digit growth in daily sales. August net sales, released last week, rose 9.8% year over year to $326.9 million. Daily sales for the month grew 15% to $15.57 million, much better than 5.5% in August last year. Moreover, daily sales increase in August was better than 14.7% growth in July and in all prior months of the year. Currency was a 0.3% headwind in the month. Fastenal serves customers in the manufacturing and non-residential construction markets. Daily sales to manufacturing customers (representing almost 50% of revenues) grew 14%, much better than 6.1% last year and 12.9% in July as manufacturing activity picked up. Daily sales to non-residential construction customers (representing 20% to 25% of revenues) grew 9.4%, much better than 7.3% last year and 8.4% in July due to improvement in construction trends. After struggling for several quarters, Fastenal’s top line turned around in the first quarter of 2014 which continued into the second. However, end-market slowdown and broader economic uncertainty were lowering fastener sales which, in turn, weighed down Fastenal’s top line. In order to accelerate sales growth, Fastenal took the strategic decision to increase sales personnel at the stores which largely boosted sales this year. Importantly, easy comparisons from a relatively weaker 2013 also contributed to the sales growth rates in 2014. In fact, fasteners also recovered slightly in the first half after struggling in 2013. Moreover, vending trends improved in both the quarters of 2014 and the construction business is showing signs of improvement.  

By Christopher Cushing ,2014-09-17 10:42:50

South Korean automaker Hyundai Motor Co (005380.KS) plans to build two new factories in China instead of one, two people familiar with the matter told Reuters on Tuesday. The increase is to meet the request of China's central government, which wants Hyundai to build a plant in the northeastern Hebei province as part of a development plan spanning Beijing, Tianjin and Hebei, one of the people said. Hyundai, which has three factories in Beijing, in March signed a preliminary agreement to build a plant in the southwestern city of Chongqing to help the automaker expand into western China. One of the people said Hyundai had planned to open its $1 billion Chongqing factory in early 2016, but would likely start production later because the automaker has yet to gain central government permission. Hyundai, which has a joint venture in China with Beijing Automotive Industry Holding Co Ltd, now aims to open a factory in the Hebei city of Huanghua in 2016, ahead of its proposed plant in Chongqing, the two people said. "This is like hitting two birds with one stone," in that building two plants would please both the central and Chongqing governments, one of the people said. The two people spoke on condition of anonymity because the plans are confidential. Hyundai's decision comes as foreign direct investment in China fell in August to a low not seen in at least two and a half years, adding to a string of weak economic indicators in the world's second-biggest economy. In the same month, Hyundai's sales in China slipped 1 percent to 84,516 vehicles, from 85,091 vehicles a year earlier. The change in plan is also reminiscent of a decision by Fiat Chrysler's Chinese partner Guangzhou Automobile Group Co (601238.SS) to build two plants, after competition between the cities of Guangzhou and Changsha to host the auto partnership. A Hyundai spokeswoman said in a emailed statement that nothing has been decided regarding new factories in China.  

Exibition & Association News

By CFM ,2014-09-17 00:00:00

2014 Korea Metal Week grandly opened on Sep. 16th, 2014 in Korea International Exhibition Center (KINTEX), Seoul, South Korea. ChinaFastener Magazine (Booth No. 5g 190) attended in it as a supportive media.   Korea Metal Week, organized by Korea Trade Fairs Ltd, is held every two year since 1989. It is the biggest metal industry and machinery fair in South Korea, comprising of seven shows. They are Fastener & Wire Korea, Die Casting & Foundry Korea, Automobile & Machine Parts Korea, Press & Forging Korea, Tube & Pipe Korea, Metal Surface Treatment Korea, and Korea Composite Show. This year 320 exhibitors participated in this event and 31 of them came from mainland China. The rest of exhibitors were from Korea, Chinese Taipei, Germany, the USA, Switzerland etc. Chinese exhibitors were relatively fewer than the last year. 50 exhibitors from mainland China exhibited in 2013. About 89 exhibitors exhibited in Automobile & Machine Parts Korea. And 58 exhibitors gathered in Fastener & Wire Korea.15 fastener companies from mainland China exhibited, including Shanghai Rivet, Qiang Xin, Wenzhou Taihe, Hebei Fuao, Baoji Qicheng, Hangzhou Dingyuan, Ningbo Exact, Ningbo Jinding, Eagle Hardware, Shanghai Jingyang, Haiyan Sanma, Ningbo Hexin, Kinfast Hardware etc. Many famous brands also appeared such as Atotech, Hyodong etc. Atotech Hyodong Shanghai Rivet Wenzhou Taihe Qiang Xin Hebei Fuao Baoji Qicheng Hangzhou Dingyuan Shanghai Jingyang Ningbo Jinding Haiyan Sanma Being as the supportive media partner, representative of CFM distributed the latest issue of ChinaFastener Magazine at scene and it was very much welcomed by the international buyers. They were quite interested about the buyer’s guide part. The visitors were fewer at the opening day and today there are much more buyers. As the organizer put, this exhibition will be held once a year from this year on. The next Korea Metal Week will be held in Sep 2015 Worth to mention, Korea Metal Week is concurrently held with 4 major trade fairs specialized in machine (KOMAF), tools (Tool tech), auto parts (KOAASHOW), and welding (Welding Korea), which comprised as Korea Industry Fair. It is expected that there will be around 130,000 buyers to visit during the four days exhibition. In 2013 South Korea’s fastener output reached 970,000 tons Automobile industry, construction industry, and electronics industry were the three largest consumer groups of fasteners, demanding more than 750,000 tons (77.4%), 130,000 tons (13.5%) and 20,000 tons respectively, and the rest 70,000 tons went into other industries. As for the import, South Korea imported USD 520 million fasteners in 2013, up 16.7% in comparison with 2012 (2012: USD 450 million). The fasteners imported from mainland China, USA, Germany, and Chinese Taipei were USD 180 million, 130 million, 49 million, and 25 million, respectively, with such fasteners shipped from mainland China taking the highest share of 34.6%. In regard to export, South Korea exported USD 670 million fasteners in 2013, up 11.3% while compared with 2012 (2011: USD 607 million). From above statistics, it is pretty obvious that Mainland China is the major supplying country of South Korea’s fastener industry. And the holding of Korea Metal Week plays an important role in strengthening the communication and trading between South Korea and Mainland China. The 16th Issue of ChinaFastener Magazine will go to Metalex Vietnam and 2014 National Industrial Fastener& Mill Supply Expo (Booth No 1553). Come and get a free hardcopy then , see you there! Or you can contact us through buyer@chinafastener.com

By ,2014-09-12 11:21:07

Mr. Duangdej Yuaikwarmdee, Deputy Managing Director and General Manager Vietnam of Reed Tradex Co., Ltd. said that this year with collaboration from Japan External Trade Organization (JETRO) Ho Chi Minh Office and Investment & Trade Promotion Centre (ITPC) are coming together to co-organized their events “Business Alliance 2014 for Supporting Industry,” with Reed Tradex events “METALEX Vietnam 2014 (MXV)”, “NEPCON Vietnam 2014 (NEV)” and “Industrial Components and Subcontracting Vietnam 2014 (ICSV)”. We believe this collaboration will benefit the growth of the supporting industries tremendously. Not only the discovery of the latest machine tools and metalworking technologies in “METALEX Vietnam” and new SMT and testing technologies and equipment for electronics manufacturing in "NEPCON Vietnam,” but also meet 50 Japanese sellers and 50 Vietnamese sellers who are looking for buyer, industrial parts and Vietnamese suppliers of quality parts and components, and co-located for ICSV which will help you source quality industrial parts by bringing over 60 parts makers from Hanoi; led by Hanoi Trade Promotion Centre (HTPC), Hanoi Industry and Trade Development and from Thailand; led by BOI Unit for Industrial Linkage Development (BUILD), all in one event! With over 700 technology providers are ready to showcase a vast array of metalworking solutions and SMT technologies to further enhance your productivity such as ABB, AMADA, DKSH, HEXAGON METROLOGY, ITO GROUP, KEYENCE, NIHON SUPERIOR, OTC, SAEILO, SAITAMA, SINFONIA, SIP, SODICK, SUMITOMO, THAISARCO, THK, TOSTEM, and more. As well as the power of 9 international pavilions from Germany, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Tokyo Metropolitan Government, and Vietnam will enable you to adopt new knowledge, innovations, and networking opportunities from international providers and suppliers. For support Vietnamese Manufacturing Industries, Reed Tradex will join forces with Ho Chi Minh City Association of Mechanical Engineering (HAME) to organize “Engineer Master Class” under the theme of “Advanced Design Methods” on Thursday 9 October 2014, 13.30 - 16.00 hrs. at Meeting Room, this program is an exclusive activity and will gather Vietnamese engineers who are eager to learn and motivate themselves to the higher level to improve their management skills and moves up the ladder of success. The class will coach the participants on leadership, management and delegates who complete the program will be accredited to receive certificate from this session. For the first time in Ho Chi Minh City! We are providing Vietnamese industrialists with an exciting and inspirational experience in competition for “Koma Taisen” as highlight activity in “METALEX Vietnam 2014”. which will be held on Saturday 11 October 2014, 13.00 - 16.00 hrs. at Meeting Room. The winner from this competition will get all the Koma (spintop) from all competitors and will take part in “World Championship Sekai Koma Taisen 2015” which will be held on 15 February 2015 in Yokohama city, Japan. "Koma Taisen is a tournament that gather together small and medium sized manufacturing association (SME's) from all Japan. These companies put all their soul in designing and making Koma (spintop) to participate in battles. The Koma (spintop) must have a diameter of 20mm or less, smaller than a one yen coin. These small Koma (spintop) are designed and created with highly sophisticated unique “in-house” manufacturing techniques from participants from all over Japan. Koma (spintop), are great because at first glance you cannot notice the initial quality, however they have been manufactured with professional precision. The Koma enter the ring against their competitor and collide with each to fight to determine the winner. This competition is designed to promote the prosperity of the manufacturing industry through competition of Koma showcasing skills and technology, as well as providing the opportunity for participating companies to promote their high professional skills to the world.” "The 3rd Hand Soldering Championship” will be organized once again in conjunction with NEPCON Vietnam to seek for the talented hand soldering technicians. This will be an arena for participants to build a functional electronics assembly within a time limit. Assemblies will be judged with IPC-A-610E Class 3 criteria and IPC-A-610 by Master Instructors. To expand business networks, we also provide service that will enable you to meet the right target agents, suppliers or future business associates more easily with “Agent Wanted”; A service to assist technology providers to meet the right agents in Vietnam for expanding the market in Vietnam and “Sourcing Service”; A service to help you find proper suppliers to complete your manufacturing process. Altogether, 4 Major Events and all activities will create a dynamic technology and trade exchange platform for Vietnam, so mark your calendar and come find the best business opportunity here. Mr. Duangdej concluded. Mr. Asada "JOE" Kiyoji, General Director of Sodick Vietnam Co., Ltd. said that investment from Japan for industrial market is still good situation. We estimate that it could be increasing for a few years. Our products are die-mold related machines and we support manufacturing industry in Vietnam. We believe that our activity can support Vietnamese key industries development and it will effect to economic growth, community enforcement, we sell it in order to support the manufacturing of the customers generally more than before, of course for after-sale service it’s the one of those improvements with a relation positively with manufacturing factory for the better manufacturing of the customers. We’re going to show SL400G which is the latest anchor product of the wire cut electric discharge machine and Electric Discharge Machine AG40L in “METALEX Vietnam 2014” as products of the highest standard and the support to contribute them to customers. Mr. Hiroshi Saito, Managing Director of Tostem Thai Co., Ltd. said that we are confident in the professionalism of Reed Tradex for every show organized by them is of high quality. I would like to invite all industrialists to come experience the innovative technologies, new ideas, and new networks at the show. Mr. Zann Kin, Senior Marketing Executive of HISAKAWORKS SEA SDN BHD VIETNAM REP. OFFICE said that “METALEX Vietnam is very important in bringing together various industries. Every year, the event attracts important people in their occupation and expertise to participate in this exhibition, making it even much more valuable.” "METALEX Vietnam 2014 (MXV)”, "NEPCON Vietnam 2014 (NEV)”, "Industrial Components and Subcontracting Vietnam 2014 (ICSV)” and "Business Alliance 2014 for Supporting Industry”, During 9-11 October 2014 at Saigon Exhibition & Convention Center (SECC) (Phu My Hung) or TT Trien Lam Saigon, Ho Chi Minh City, Vietnam. For more info: www.metalexvietnam.com and www.nepconvietnam.com Reporters who need more information please contact: khunnawat.teer@reedtradex.co.th  

Fastener News

By Ken Liu ,2014-08-01 09:47:55

The Foxconn Technology Group of Taiwan will reportedly use self-made “Foxbot” to assemble Apple's iPhone 6, which will be the world's first smartphones to be assembled by robots.   According to online media 9to5 Mac, Foxconn, Taiwan's No.1 ITC subcontractor by revenue, is preparing to automate assembly with robots, with the iPhone 6 to be the first to roll off the lines.   Each of the 10,000 Foxconn robots for the assembly lines costs US$20,000-25,000 and can assemble 300,000 smartphones on average.   Media reported Hon Hai chairman Terry Gou as saying that the robots are in the final testing stages and won't be for sale to outsiders due to insufficient volume for internal use, on which Foxconn has declined to comment.   Industry executives feel such robotic automation is the group's first step to boost production efficiency and its next step is to further enhance competitiveness by linking the robots to the Internet of Things to enable inter-communication.   They said the group's factory in the Henan Province capital of Zhengzhou, China, will be the group's first plant to deploy robotic production for it has assembled iPhones mostly at this location.   They  also noted that such automation shows the group's breakthrough in robotic manufacturing after Gou pledged in 2011 to build an army of one million robots in three years, with Gou saying the group will add 30,000 robots annually.   Industry executives sayid Foxconn's robots will play only an auxiliary role initially, mainly to install screws on housings, assemble exterior parts and polishing, and that the group's robots have achieved technical breakthrough in boosting defect-free assembling.   After allying with Softbank of Japan to invest in robotic manufacturing, Foxconn plans to partner with American enterprises on such technology and Google is reported to be a partner.   The group will later use robots in healthcare and household applications. Driven by the news on the latest Foxconn-Apple deal and more new Apple products to be launched in H2, 2014, industry executives estimate Foxconn's earnings-per-share at NT$8.97 for 2014 (up 9.4% YoY), NT$10 for 2015 and NT$10.54 for 2016. (KL)    

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