By ChinaFastener.com| 2016-12-22 00:00:00
By ChinaFastener.com| 2016-11-21 00:00:00
By CFM| 2016-11-04 00:00:00
By CFM| 2016-11-03 00:00:00
By Catherine Evans ,2016-12-19 14:01:55
European Union countries agreed on Tuesday to reforms giving the bloc the possibility of imposing higher duties on excessively cheap imports that would help shore up its defenses under a new trading relationship with China. After three years of wrangling, representatives of the 28 EU members voted by a qualified majority to allow higher tariffs than might normally apply if exporters are benefiting from artificially low raw material costs. Peter Ziga, Slovakia's minister in charge of trade, hailed the move on Tuesday as a "major breakthrough". "Europe cannot be naive and has to defend its interests, especially in case of dumping. This is a crucial step towards a solid solution that would help EU producers cope with unfair competition and practices," he said. Duties are currently limited by the EU's "lesser duty rule", under which the import duty should be set at a level to remove the injury to EU producers rather than at a higher rate required to push the exporter's price to what is fair and normal - known as the "dumping margin". Duties could in future be set at up to the full dumping margin rate if there are state-induced distortions of raw material and energy costs for exporting companies. For cold-rolled steel from China, for example, the dumping margin was over 50 percent, but the injury margin only around 20 percent, so the lesser duty of about 20 percent was set. For the same steel grade from China, the United States has imposed duties of more than 200 percent. Britain and other more liberal free trade nations had blocked any changes. Slovakia, which holds the six-month rotating presidency, in the end secured backing for a compromise which would allow higher duties if the raw materials in question accounted for more than 27 percent of the cost of production and more than 7 percent individually. Other reforms include shortening the period, currently of up nine months, that the European Commission can take to set provisional import duties and allowing the Commission to initiate its own investigations without an industry complaint. The reform of the EU's "trade defense instruments" is seen as a counterbalance to EU proposals to change the way it assesses whether Chinese manufacturers are exporting at unfairly low prices. Critics say it will be harder to impose duties. The reform will need backing by the European Parliament. (Reporting by Philip Blenkinsop; Editing by Catherine Evans)
By CFM ,2016-12-15 00:00:00
ChunQing Precision Hardware Factory is a professional manufacturer, producing various of non-standard and standard fasteners for more than 10 years. Its factory has passed ISO 9001:2008. And the production equipment they have are: multi-function cold-heading machines which can produce the screws from M1.7 to M16, thread rolling machine, automatic screening equipment, salt spray test machine, VH tester, thread pluggauge, digital caliper, dial caliper, etc. Their products are hexagon bolts, special hexagon socket bolts, auto bolts, carriage bolts, studs bolts, engine cover bolts, reamer bolts, auto fasteners, hand screw bolts, drywall screws, hex screws, knurl nuts, rivet, hex socket rivet, thru-hole rivet, rivet nut, special cross head screws, self-tapping screws, washers etc., and various of customized non-standard screws. Its strong points are, more than 10 years professional technicians, very stable and more than 5 years experienced workers, who can support worldwide customers with customers' different demands, and assist customers on designing or improving design once the clients need, quick action on sampling, and strict QC during the production procedure, reasonable competitive price and good sales service. The company is a reliable, honest and loyal factory. Clients' satisfaction on their work and double win on both sides is their purpose. The company sincerely welcome all customers to visit their factory, and they would be very pleased to assist all clients' inquiries and demands. ChunQing Precision Hardware Factory Contact Person: Rosemary Tel: 86-769-81391356 Fax: 86-769-81391357 Email: email@example.com Website: www.chunqingfastener.com; http://www.chunqing.chinafastener.com/ Address: No. 55 2nd Zone YangBei YangWu Administrate District Da Lang Town Dong Guan City GuangDong, China
By auto.sina.com.cn ,2016-12-12 08:56:36
Part of coupling bolt torque of these cars included in this recall requires are missing. The related bolts may not be fastened correctly which may affect the use of some safety protection parts of these cars such as seat belt, airbag, accelerator petal and the sinking of steering engine, thus, when these cars collided with other cars, these safety protection parts may not work well to protect passengers, which could lead to some injures or death. Bentley of Volkswagen China will entrust its authorized dealer to free check the connecting situation of related bolts and screws of these cars within the recall requirements and fasten these bolts correctly. What’s more, cars in inventory will be sold after the defects are eliminated. Related car driver should be careful to drive these cars. Once you hear some noise or feel some vibrant of the seats or instrument panel, please contact authorized resellers of Bentley, and let them check your car. Once the recall begins, please contact its resellers to repair your car. The company will notice their clients through registered letter or other ways. Its authorized resellers will call the clients or through ways to contact the clients within the recall requirement to arrange the repairing. Clients could call the hotline of Bentley 400-890-6668 to know more about the matter. What’s more, clients could visit jyjgs.aqsiq.gov.cn, www.dpac.gov.cn, or follow AQSIQDPAC in WeChat to learn more information. News from auto.sina.com.cn.
By The Economic Times ,2017-01-16 10:22:28
NEW DELHI: India has imposed anti-dumping duties on colour-coated or pre-painted flat products of alloy or non-alloy steel imported into the country, a government notification said on last Friday. The government imposed the anti-dumping duty on products imported from China and European nations for a period not exceeding six months, the circular said. The effective duty rate would be the difference between the official rate of $849 per tonne and the landed value of the product, provided the landed value is lesser than $849 per tonne, it said. Source: The Economic Times
By Reuters ,2017-01-16 00:00:00
TOKYO, Jan 16 (Reuters) - Tokyo Steel Manufacturing Co Ltd <5423.T>, Japan's top electric-arc furnace steelmaker, will raise product prices for a third straight month, citing firmer international prices and domestic building projects getting under way for the 2020 Olympics. Tokyo Steel, which makes beams and bars used for in the construction industry, said on Monday product prices will climb by about 2-4 percent for February delivery, marking the first time in nearly six years that it has raised prices for three consecutive months. [nL4N1EE1K0] Managing director Kiyoshi Imamura said at a news conference there is room for the company's prices to move even higher later this year. Tokyo Steel's pricing strategy is closely watched by Asian rivals such as South Korea'sPosco <005490.KS> and Hyundai Steel Co <004020.KS>, as well as China'sBaoshan Iron & Steel Co (Baosteel) <600019.SS>. "The steel market has been under pressure due to massive China production and exports in the past two years," Imamura said, "but things look different now as China's demand has recovered while its exports have declined." Among Olympic construction projects under way in Tokyo, Imamura cited the building of the main stadium to host the games, with work on the Olympic village for athletes due to start this month. The latest move would translate to price rises of 1,000-3,000 yen ($8.80-26.30) a tonne, Imamura said. ($1 = 114.0500 yen) (Reporting by Yuka Obayashi; Editing by Kenneth Maxwell) Source: Reuters
By Ravi Ananthanarayanan ,2017-01-13 09:24:32
In December, steel consumption rose by 5.2% over a year ago and by 17.1% over November, according to data collated by the government’s Joint Plant Committee. Photo: Bloomberg If demonetisation has affected steel-consuming sectors such as automobile and construction/real estate, how come steel consumption is rising? In December, steel consumption rose by 5.2% over a year ago and by 17.1% over November, according to data collated by the government’s Joint Plant Committee (JPC). In November too, consumption was up by 3.8%, although it did decline sequentially. Specific factors appear to be behind this increase and the underlying demand for steel remains weak. Consumption data reported by JPC represents sales made by steel producers to buyers such as steel dealers—who then sell to actual consumers—and large companies such as in the automobile or projects sectors. In December, the purchasing teams of large consumers of steel got wind that steel companies will be increasing prices January onwards, said Puneet Paliwal, consultant at research and consultancy firm CRU Group. Higher input costs, especially of coking coal, had led to talk of price increases. Large consumers of steel bought additional quantities in December to build stocks for future use, which explains the sharp increase. In November, the increase although relatively slower, was seen due to dealers stocking up steel while they could use their stock of demonetised currency, according to Vivek Jain, associate director (large corporates) at India Ratings and Research Pvt. Ltd. They have stocked up on additional inventory, to be sold in future months. Firms have announced a hike in flat steel prices in January, as predicted, but maintaining higher prices will be tough. Steel mills have purchased raw materials at high prices, but the market may be unable to absorb higher steel prices, says Paliwal. Underlying demand conditions are weak, due to demonetisation. The export market, too, is not supporting higher realizations and it may get tougher when the Chinese New Year holidays see more exports from China as local activity ebbs. If both dealers and companies have stocked up on inventory and demand is not robust, things may get tougher. The coming months may, therefore, see reported consumption growth under some strain, till the surplus steel already in the market gets absorbed. A quick revival in demand in user sectors could do the trick as well, although that’s an idle hope at this point. Steel producers may, therefore, have to decide between exporting more or cut back on output. Analysts are predicting the latter. Meanwhile, the December quarter results of large steel companies may show a surge in sales based on JPC data. Tata Steel Ltd’s December quarter saleable steel output rose by 25.8% over a year ago while sales rose by 27.5%, partly due to volumes from its new plant. JSW Steel Ltd reported a 43% year-on-year increase in crude steel output. While the headline financials should look good, based on these numbers, investors should pay more attention to what managers say about real steel demand conditions in the domestic market. Source: LiveMint.com
By Alberto Alerigi/Bruno Federowski ,2017-01-05 11:10:57
Brazilian flat steel producers have notified distributors they are raising prices of hot- and cold-rolled steel between 8 percent and 10 percent this month, a steel market source and an analyst said on Wednesday. Cia Siderúrgica Nacional SA, Usinas Siderúrgicas de Minas Gerais SA and the Brazilian unit of ArcelorMittal SA will keep zinc-coated steel prices unchanged, the source said. The price hikes are effective Jan. 1, Jan. 5 and Jan. 10, respectively, the source added. Preferred shares in Usiminas rose 4.9 percent to 4.50 reais, the biggest gainers on Brazil's benchmark Bovespa stock index. Common shares in CSN fell 0.6 percent to 11.35 reais. Spokesmen for Usiminas and CSN were not immediately available to comment. A representative for ArcelorMittal said the company does not comment on prices. Thiago Lofiego, an analyst at Bradesco BBI, said Usiminas will likely benefit most from the price hike given its strong exposure to flat steels and the Brazilian market. "An increase of more than 10 percent for all products and clients would boost EBITDA by around 650 million reais ($199 million)," he wrote in a client note. (Reporting by Alberto Alerigi; Writing by Bruno Federowski; Editing by Alan Crosby) Source: Reuters
By STAFDA ,2016-12-28 00:00:00
ELM GROVE, WI — Members of the Specialty Tools & Fasteners Distributors Association (STAFDA) elected 2017 officers and directors shortly before their 40th Annual Convention & Trade Show, November 6-8, in Atlanta, GA. Tom Leahy, Chief Operating Officer, Border Construction Specialties, Phoenix, AZ, was elected president of the Association. Leahy's responsibilities include managing facilities, assets, insurance, supply chain, safety, and sales teams at their 12 locations. He has over 28 years of sales, marketing, operations, human resources, and purchasing experience. Border has been a STAFDA member since 2008. Tom Leahy STAFDA 2017 president, COO of Border Construction Supplies Michelle St. John STAFDA 2017 vice president, president of Industrial Bolt & Supply STAFDA's new vice president, Michelle St. John, is president of Industrial Bolt & Supply (IBS), Auburn, WA. IBS was founded by her parents, Jack and Linda Butcher, in 1977 as a distributor focused on the MRO market. They have sales operations in eight western states. IBS joined STAFDA in 1978. Serving three-year terms are two new members of STAFDA's Board of Directors: Jeff Brown, president/owner, Brinker-Brown, Ft. Myers, FL and Greg Hughes, president/owner, Kinnunen Sales & Rentals, Stillwater, OK. They replace outgoing Board members Rod Gowett, Acme Gonstruction Supply, Milpitas, CA and Ronnie Mann, Mann Tool & Supply, West Columbia, SC. There will also be new faces on STAFDA's Manufacturers and Rep Liaison Committees in 2017. Joining STAFDA's Manufacturing Liaison Committee are Tom Carroll, C.S. Unitec (Nonrualk, CT), Jude Nosek, Keson (Aurora, IL) and Dave Steiner, Stanley Black & Decker (New Britain, CT). Outgoing Committee members are Kari Holcomb, COX North America (Haslett, Ml) and Wayne Quarls, Spectra Precision/Trimble, Dayton, OH. lncoming Rep Liaison Committee members include Todd Offner, Baxter-Rutherford (Seattle), John Spadafora, McGonnell-Spadafora, lnc. (Burlington, ON), and Rob Wallace, Ron Wallace & Associates (Clover, SC). Outgoing Committee members are Steve Kraft, Pro Staff Sales (Dadeville, AL) and Bob Patch, Canow-Western (Chino, CA). Source: www.inddist.com
By ChinaFastener.com ,2016-11-21 00:00:00
Based on the statistics of www.customs-info.com, Germany is the second largest country of quantity of China’s fastener import products in September, 2016 totaling 4,631,804 kg with the average price of 9,378 US$/ton while it ranks the sixth of China’s fastener export products in September 2016, totaling 9,521,934 kg with the average price of 1,528 US$/ton. We could see that there are close trading relationship of fastener products between China and Germany. However, the average price of fastener products imported from Germany to China is much higher than the average price of fastener products exported from China to Germany. To find out the reasons of the huge differences, ChinaFastener.com is organizing a group of leaders of Chinese companies to explore the market of Europe. The exploring journey will be from March 25th 2017 to April 2nd, 2017. Let’s see the features of our journey. 1. Visiting one of the three largest exhibition in fastener industry -- The 7th Fastener Fair Stuttgart which could help us know more about European market; 2. Visiting Germany local hardware market which could help us develop the market; 3. Visiting European companies and distributors to communicate with overseas entrepreneurs and to learn high-end technologies; 4. Experiencing European local culture to help you know more about the needs and requirements of local people. As the world’s leading exhibition for the fastener and fixing industry, Fastener Fair Stuttgart offers exhibitors an international platform for the presentation of the latest products and developments from all areas of fastener and fixing technology. A total of 11,060 visitors and 832 exhibitors attended the previous show.The exhibition covers the complete spectrum of fastener and fixing technology: industrial fasteners and fixings, construction fixings, assembly and installation systems and fastener manufacturing technology. Our Schedule Day 1: March 25th, 2017 – Arrive in Frankfurt Day2: March 26th, 2017 – Visit Frankfurt Day 3: March 27th, 2017 – Visit local fastener companies; Day 4: March 28th, 2017 – Visit the 7th Fastener Fair Stuttgart; Day 5: March 29th, 2017 -- Visit the 7th Fastener Fair Stuttgart and local companies; Day 6: March 30th, 2017 – Visit local companies; Day 7: March 31st, 2017 – Visit Cologne and local companies; Day 8: April 1st, 2017 – Visit Amsterdam – the largest city in Netherland; Day 9: April 2nd, 2017 – Visit Keukenhof and Van Gogh Museum. Come back to China. Welcome to join us to have a great journey or meet us at the 7th Fastener Fair Stuttgart . Contact Person: Ella Leung Tel: 020-8227 0680 – 812 Phone: +86 186888787636 Email: Ella@chinafastener.com QQ: 550488805
By CFM ,2016-11-03 00:00:00
On Oct. 26th, National Industrial Fastener & Mill Supply Expo 2016 was successfully held at Sands Expo & Convention Center, Las Vegas NV USA. ChinaFastener.com went to the show with 20 leaders of 20 famous companies in China. Let's go to the largest fastener exhibition in the world. Based on the official statistics, the show has attracted up to 751 exhibitors, 105 exhibitors more than that of last year, most of which were American fastener distributors and manufacturers were the few. There were many kinds of products at the show, such as building products, hardwares, equipment, various types of screws, bolts, rivets, hand tools, etc. FABORY LINKWELL Safety Socket According to our reporters, there were 169 Chinese companies taking part in the exhibition, occupying about one quarter of all exhibitors. Most of them comes from Jiangsu, Zhejiang, and Shanghai, and a few of them comes from Guangdong. Standard fastener products manufacturers occupied a large proportion and equipment manufacturing companies were the minority. Jiangsu Washen, Shanghai Fast-Fix, Foshan Guangqingchang, Haiyan Fujian, Haiyan Jinling, Ningbo Fastener Fastory, Jinniu Standard, Shanghai Rivet and other famous fastener companies showed up at the exhibition. Jiangsu Washen Haiyan Jingling Shanghai Rivet Shanghai Fast-Fix Haiyan Fuxin Ningbo Fastener Fastory Haiyan Jinniu At the exhibition area without Chinese companies, there were crowded with visitors, and every booth has attracted numerous people. Based on our reporters, almost every distributor and some manufacturers has purchased fastener products, mainly screws and bolts from China. The products they bought were mostly from Shanghai. Thus, we could say that China-made fastener products has occupied a large proportion in US market. In addition, part of manufacturers purchased materials from other countries, and do the manufacturing in America. They primarily look for the quality of products even if the cost would be higher. Chinese companies thought that many visitors were coming to other areas and relatively less visitors came to the area with Chinese companies but they could still got many great buyers and the promotion was successful. They thought it's the most direct way to develop a market by going out to face the market. Some companies thought that e-commerce was less direct than face to face communication. If a business was done through email or mobile phone without face to face communication, they could not ensure the quality of products and integrity. Quite a lot of Chinese companies felt that it's becoming more and more difficult to do the business every year. Due to the increasing labor cost, the emerging of new markets like Southeast Asia and India, the anti-dumping policies of other countries and other factors, Chinese companies were facing great challenges together with opportunities. The only way to overcome the difficulities is to improve the quality of their own products and enhance the sense of service. Once you stop moving but others keep going ahead, you will fail. As the cooperating media of this exhibition, ChinaFastener.com came to the exhibition and brings back the information. At the same time, our ChinaFastener Magazine has attracted many foreign companies.
By Yuka Obayashi ,2016-11-22 15:29:55
Tokyo Steel Manufacturing Co., Ltd. said on Nov.21st, 2016 it would raise the prices of all of its products by 5,000 yen ($45.12) per tonne for December delivery, reflecting a rally in raw material prices and higher product prices abroad. Tokyo Steel's pricing strategy is closely watched by Asian rivals such as South Korea's Posco and Hyundai Steel Co and China's Baoshan Iron & Steel Co (Baosteel) that export to Japan. The flat increase means product prices for Japan's top electric-arc furnace steelmaker will rise by about 7 to 11 percent in December depending on the product, Tokyo Steel's managing director, Kiyoshi Imamura, told reporters. The increase comes amid rising prices for scrap metal and a series of price hikes by global steel mills to pass on surging coking coal prices, he said. Tokyo Steel left its prices unchanged in November but cut October delivery prices by up to 13 percent. "Global steel market has entered in a clear bullish trend as steelmakers worldwide have been boosting product prices in the face of surging coking coal prices," Imamura said. Recycled scrap metal, a main feed material for electric-arc furnaces, has soared by 5,000 to 7,000 yen a tonne since hitting a bottom in August, tracking a rally in coking coal, a key steelmaking material for blast furnaces, he said. Coking coal has more than tripled this year as China, the world's biggest coking coal producer, has cut supply to curb overcapacity and pollution. Based on the flat increase, prices for the Tokyo Steel's main product, H-shaped beams, which are used in construction, will climb by 8 percent to 70,000 yen per tonne. Steel bars, including rebar, will rise by 11 percent to 52,000 yen. The company produces 15 different steel products. This is its first across-the-board price hike since May. "If the bullish trend in steel market continued, we may raise product prices again for January delivery," Imamura said. However, his market outlook was cautious, adding the recent rally has been driven by higher raw material costs instead of stronger demand growth and tighter supply. "We are not so confident that the steel market's rally will continue as the fundamental problem of oversupply due to China's massive output has not been changed," he said. ($1 = 110.8200 yen) (Reporting by Yuka Obayashi; Editing by Biju Dwarakanath and Christian Schmollinger) News from Reuters. Any copyright is owned by the original author. Please kindly inform us if there is any infringement of copyright.
By steelhome.cn ,2016-09-23 15:17:54
Zenith Steel Group Company Limited has successfully launched a new type of steel – a high strength bolt steel recently which is the 27th new product of the company. At present, the steel has been on trial by their clients. It has expanded the products types and standards of the company’s special and superior steel and bar materials. During the earlier phase of the development, the R&D center of Zenith Steel Group designed proper technology parameters, controlled technological difficulties in steelmaking and rolling after researching for some technical information and deeply capturing of customer's requirements based on the current successful development experience of cold heading alloy steel and the features of the steel. During the manufacture of the steel, the company arranged relevant staffs to follow, observe and summarize the whole process. The R&D center, Steelmaking department, Rolling Department, Quality Control Department and other staffs worked together during the development process and the high strength bolt steel 35VB was developed by one time. After the examination of rolled products, all technical indicators meet the requirements of clients. What’s more, the company has rolled the steel in various standards and now the products has been sent to clients. We have been told that 35 VB is the steel for the production of high-class Grade 10.9 Steel Bolts which are widely applied to large machines, architecture, electricity and other industry. Because bolts directly transfer alternating load which leads to alternating stress. The bad application environment and high operating stress require good quality of the bolts which directly influences the service life of those machine. Due to these reasons, 35VB must have advantages like high strength, sound plasticity and toughness, high impact tenacity and high fatigue strength. The steel is a new developed high-value-added product which has certain difficulties in producing. Since 2016, Zenith Steel Group steps up efforts to develop more high-end products based on the “522” development strategy (that is 500,000 tons of steel of super quality, 2 million tons of fine steel and 2 million tons of special steel). According to statistics, the R&D center of the company has developed 27 types of steel, in which 21 types of bar and6 wire rods. The fine steels and special steels have occupied over 50% of all producing steels in the company. The article is from steelhome.cn. Any copyright belongs to the original author. Please kindly notice us if there is any infringement of copyright.
On Nov. 1st, 2016, Fastener Expo Guangzhou 2016 is being held ceremoniously by ITE Asia Exhibitions Limited and Shanghai ITE Ebseek Exhibition Co., Ltd in Poly World Trade Expo Center, Guangzhou. Based on the organizers, the exhibition is extended to two halls this time which covers an area of 20,000 sq.m, almost 80% bigger than the previous area. It’s expected that there will be about 400 domestic and overseas companies and over 10,000 visitors attending the show. Not only are there more exhibitors and larger area in Fastener Expo Guangzhou, but also the show provides a bigger platform for exhibitors to fully show their innovative products and the ability of R&D. What’s more, the international B2B trading show rounds up manufacturers, distributors, sales, and buyers together, and gives them a stage of communication and cooperation. With the theme of “Promoting High Precision and Small Fasteners”, the show mainly aims at promoting high-quality small fastener products and equipment. There are many famous end products companies in China participating the show, such as Washen, Sailuk, Guangqingchang, Guangzhou Fast Rivet, Yuyao Xintai, etc. Sailuk Rivet Co., Ltd. Shenzhen DTSL Hardware Co., Ltd. Yuyao Xintai Hardware Co., Ltd. Wenzhou Guanquan Fastener Manufacturing Co., Ltd Except for end products companies, there are some companies producing equipment, dies, and so on, such as Dongguan Jingzhan, Dongguan Ruike, Luosi Technology, Foshan Wanwei, etc. These companies not only show various kinds of new products and new technology, and they had set a new standard in “High Precision” products. Sam Chang Machinery Manufacturing Ltd. Luosi Technology Dongguan Qishun Machine Co,. Ltd Zhongshan Zhenyao Machinery Manufacturing Co., Ltd. During the show, the organizers held a serious of great seminars providing a stage for exhibitors and visitors to communicate and discuss. The technology seminar called “Application and Locking of Precision Screw” was held by Global Fastener Inc on the morning. Gong Maoliang, a tycoon in fastener industry has brought a hot topic “Precise Screws and Mould Technology”. In addition, there are some special reports, such as "Self-locking Application and Case Sharing”, “Fasteners Surface Treatment Technology”, “Precision Screw Self-locking and Application” and “Standard and Installation of Small screws”. In the afternoon on the first day, seminar on “Innovation Leads the Future Development Trends of Fastener Industry” is hosted by Workers’ Club of the Pearl River Delta Fastener Technology. Professional market analyzers, leading manufacturers and well-known purchasing enterprises get together to discuss on hotspots of the industry, development trend and innovation and share their latest discoveries. The speaker of the show said that the show aims at providing a trading platform which could combines leading fastener products, machines, and latest solutions to fastener companies. As the official media, ChinaFastener.com shows up on the exhibition. Our booth has attracted many visitors. They came to our booth to get the latest ChinaFastener Magazine and we have interviewed many companies. They have much great ideas and views about the industry and market. We will report the interviews later on our website. Welcome to meet us on the next two days (Booth No. A252).
On Oct. 19th, 2016, Korea Metal Week 2016 was held on Hall 1,2, Exhibition Center I of KINTEX, S. Korea, lasting for 4 days. It includes 11 exhibitions, 16th Fastener & Wire Korea, 12th Die Casting & Foundry Korea, 10th Automobile, Shipbuilding & Machine Parts Korea, 16th Press & Forging Korea, 17th Tube • Pipe Korea, 4th Metal Surface Treatment & Painting Korea, 3rd 3D Printing Technology Korea, 4th SAMPE Korea 2016 & KOREA Composite Show, 2nd Aluminum Korea, 1st Laser & Sheet Metal Processing Korea. The show covers an area of 21384sq.m, in which there are more than 10,000 booths. Since 2013, the number of exhibitors of Korea Metal Week has increased from 281 to 500. There are various kinds of companies in the show, such as manufacturers of automobile parts, shipbuilding parts, and building materials, etc. The products exhibited in the show are components, end products, and machines, etc. Based on our reporter, there are 36 Chinese companies going to Korea to take part in the show, such as Shanghai Rivet Manufacture Co.,Ltd, Suzhou Washen Import & Export Co., Ltd, Hebei Hengcheng Fastener Co., Ltd, JiaXing JinLong Standard Parts Co.,ltd, Ruian Yipin Stainless Steel Products Co.,Ltd, Dongtai City Huawei Standard Component Co.,Ltd., Shanghai Fast-Fix Rivet Corporation, Ruian Machinery Manufacturing Co., Ltd, Baoji Unique Titanium Industry Co.Ltd, etc. Baoji Yunda Metal Materials Co., Ltd Jiashan Wuzhou Oilless Bearing Co., Ltd Jiashan Jingye Import & Export Co., Ltd There were not huge crowds in the Show on the first day, but in general, the show was bustling. From the statistics of the past Shows, there would be more and more people coming to the Show and usually, on the third day, the number of visitors would peak. It's expected that there will be more visitors in the next three days. Korea Metal Week 2016 emphasizes technology innovation. The newly 1st Laser & Sheet Metal Processing Korea and 1st Root Industry Korea aim at satisfying the huge demand of the changing machinery market and elevating the development of the industry. ChinaFastener.com also went to Korea to participate the Metal Week with our lastest issue of ChinaFastener Magazine. We actively helped Chinese companies develop their overseas market, at the same time, we interviewed those exhibitors to know the situation of market and the development of these companies.
On Oct. 10th, the Five Regions Fastener Association Conference 2016 was held on Jeju Island, South Korea. As an annually-held event in fastener industry, the conference has got popular attention. The conference was hosted by Korea Federation of Fasteners Industry Cooperatives and near 200 people attended this conference, including leaders of associations and representatives of celebrated companies in mainland China, Taiwan, Hong Kong, Korea and Japan. The theme of this conference is Smart and Green Factory. As a famous medium in fastener industry, ChinaFastener.com was invited to the conference. Here is the report of the biggest conference of fastener industry in Asia. The conference was held in two stages. At the beginning, Cheung Hancheong, the president of Korea Federation of Fasteners Industry Cooperatives addressed a speech to welcome all people working in fastener industry of the five regions and hoped the conference could provide a stage to communicate, cooperate and to achieve a win-win result. After the speech, leaders of The Fasteners Institute of Japan, China General Machine Components Industry Association, Taiwan Industrial Fasteners Institute, Hong Kong Screw and Fastener Council made great speeches respectively one by one. Masaki Aizawa, President of The Fasteners Institute of Japan Wang Changming, Excutive Vice Director of CHINA GENERAL MACHINE COMPONENTS INDUSTRY ASSOCIATION Anchor T.H Chang, Chairman of Taiwan Industrial Fasteners Institute Shirley Wu, Chairman of Hong Kong Screw and Fastener Council Following their speeches were presentations of representatives of some associations and celebrated companies. These presentations focused on the theme and they thought that innovation, technology and green smart factories were the tendency of the industry in the near future. In the conference, representatives of each associations gave gifts to each other and showed their friendship to enhance cooperations and to strengthen links with each other. At the end of the conference, it's announced that next year's conference is going to be in Japan and the president of The Fasteners Institute of Japan addressed great hope to the conference next year and invited all representatives to attend the conference. The conference not only enhanced the communication and information exchange among people in fastener industry to advance the friendship among these countries and regions but also provide a cooperation stage for fastener companies and help them know more about the development situation of each country and region. It's a conference of profound importance for the development of the industry. Guests from different countries and regions were attending a banquet given by the host in Lotte Hotels & Resorts. The host has prepared great performances. The dinner ended up in a friendly and happy atmosphere. ChinaFastener.com will keep updating the news of the conference. If you are interested in the event, please follow us.
The opening Ceremony of Metalex Vietnam 2016 was officially kicked off at 9:00 – 10:00 a.m. on October 6th, 2016 in Saigon Exhibition & Convention Center, Ho Chi Minh city and hosted by Reed Tradex. The opening ceremony was presided over by Chief Representative of Japan External Trade Organization (JETRO Ho Chi Minh City), Mr. Takimoto Koji, Director of Investment and Trade Promotion Center of Ho Chi Minh City, Mr. Phan Thiet Hoa and Managing Director of Reed Tradex, Mr. Isara Burintramart who encouraged manufacturers to find technologies, solutions, and connections that would elevate their business to the international stage. This year’s theme is Exchanging ideas, discovering innovative solutions, and making trends matters. As a medium keeping up with current affairs in fastener industry, ChinaFastener.com showed up in the exhibition with our latest issue of ChinaFastener Magazine. The magazine attracted many people's interests. With the huge dimension of over 500 brands, 25 countries accompanied by 8 Pavilions from China, India, Japan, Korea, Taiwan, Tokyo Metropolitan Government and Thailand. Over 15,400 visitors has visited the exhibition. Most exhibitors were manufacturers of various kinds of machines, such as medical equipment manufacturer, mold manufacturer, drill machine, milling machine, metal parts and electric parts manufacturer, and fiber laser machine manufacturer etc. and modern design software supplier, automatic machine and device, electrophoresis technologies, water solution system, CAD/CAM software.There were so many kinds of products in the show, for example, building machine, hardware, software, air compressor, hydraulic puller, laserTek, ferrite core, video measuring system, scara robot, AC Servo Motor, support unit, quick change, desk rotary, etc. Most exhibitors came to the show for expanding their brands. They believed that Vietnam was a new market worth developing and the show was a perfect stage for them to develop Asian market. Many visitors came there to seek cooperation, new technologies and innovations. They aimed to develop their products and the new market. As an emerging market, Vienam did attract many companies. In recent years, Vietnam's economy is growing rapidly and China and Vietnam are enhancing cooperation. Based on some researches, in 2015, the trade volume between China and Vietnam reached up to US$ 95.819 billion, which accounted for 2.4% of China's total foreign trade volumn with 14.6% growth year on year. China has been the biggest trading partner of Vietnam for 12 years, the largest source of imports of Vietnam and the fourth largest export market of Vietnam. Vietnam has become the second largest trading partner of China among ASEAN following Malaysia. In 2015, China has exported 51,372 tons of fastener products to Vietnam, which was worth US$ 162,805,602. It's reported that demands for fastener products in engineering machines and automobiles industry inVietnam proved strong. However, due to the weak industrial foundation, the demand could not be satisfied by Vietnam's own manufacture market. Therefore, this is an opportunity for Chinese companies to develop the market. Chinese companies should seize the chance to go into the market with good quarlity and low price products.
The 19th Mechanical Components & Materials Technology Expo Osaka (M-Tech Osaka) solemnized its opening in INTEX OSAKA at 10:00 a.m. on Oct.5th, 2016. The exhibition lasted for 3 days and ended on the last day of China's National Day. According to our reporter, there were six pavilions and most of fastener companies were at the third pavilion. From Oct. 5th to Oct. 7th 2016, the exhibition attracted many buyers and suppliers. Based on our reporter, there were near 16 companies from mainland China taking part in the exhibition, such as Hangzhou Quanling Standard Component Co.,Ltd, Hangzhou Starfix Hardware Co., Ltd, Jiashan Lianchuang Plastic & Hardware Factory, etc. Hangzhou Quanling Standard Component Co., Ltd Hangzhou Starfix Hardware Co., Ltd Jiashan Lianchuang Plastic & Hardware Factory Jiashan Yongxin Fastener Co., Ltd Jiaxing Zhapu Creativity Hardware Co., Ltd Ningbo ABC Fastener Co., Ltd Ningbo Jinding Fastener Piece Co., Ltd Ningbo Qunli Fastener Manufacture Co., Ltd Zhejiang Chaoboer Hardware Co., Ltd Xingyi Fastener Co., Ltd What's more, from the experience of our reporter, Japanese companies in the exhibition attached great importance to new technologies and products, and they endeavored to promote the new technologies and products. What's more, many Japanese companies would try to show their products and let audiences use their products. On the basis of statistics of Luosi.com, mainland China has exported about 12,000 tons of fasteners products to Japan in August 2016, at the same period, the amount of import of mainland China from Japan was about 7,600 tons which far exceeded the amounts of import from German (4,785 tons) and the USA (1,965 tons). The amount of money of export of China from Japan was US$ 2,193,943 while the import summed up to US$ 68,909,820. From the data, we could see that Japan had larger demand than other countries and China and Japan have strongh trade contacts. Based on our reporter, Japanese buyers are willing to buy fastener products from Chinese companies. ChinaFastener.com is one of the media partners of M-Tech Osaka. We showed up in the exhibition with the lastest issue of ChinaFastener Magazine (Booth No. Hall 3 No. 15-41). ChinaFastener Magazine During the exhibition, our magazine has attracted many buyers and we gave them our magazine and introduced many Chinese companies to them. We sincerely welcome all fastener companies to advertise in the 21st Issue of ChinaFastener Magazine which will be published in February 2017!