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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 VANCE CARIAGA ,2015-01-12 11:13:02

For years, auto parts retailers like AutoZone and O'Reilly Automotive have delivered steady financial gains, thanks to an aging fleet of cars on the road.   As recession-weary consumers put off buying new vehicles, the average age of cars has continued to rise. So has demand for replacement parts and repair work. The upshot for the aftermarket parts industry has been a consistent flow of new business.   Leading auto parts retailers such as AutoZone (NYSE:AZO), O'Reilly (NASDAQ:ORLY), Genuine Parts (NYSE:GPC) and Advance Auto Parts (NYSE:AAP) have produced years of top- and bottom-line growth. They continued to do so in 2014, and are expected to keep it up this year. Meanwhile, the stocks — all part of IBD's Retail/Wholesale-Auto Parts group — generally have enjoyed a steady rise in value. The group touched a record high on Dec. 31, and on Friday was up 23% from an October low.   The industry's new wrinkle is that the stocks have kept climbing even as new-vehicle sales in the U.S. reached their highest point since the middle of last decade.   U.S. light vehicle sales hit 16.44 million units in 2014, according to a Jan. 5 report from Sterne Agee. That was the highest total since 2006. Those numbers are expected to keep ticking higher this year.   Numerous industry forecasters — including Kelley Blue Book, TrueCar, LMC Automotive and J.D. Power & Associates — project that new-vehicle sales will reach about 17 million units in 2015.   In theory, a rise in new-car sales should hurt the aftermarket parts industry. In the past, more new cars on the road meant less need for replacement parts and repair work.   That's no longer necessarily the case. Morningstar analyst Liang Feng points out that a rise in new-car sales doesn't translate into fewer older cars on the road.   "Investors have been concerned that new vehicle sales will reduce aftermarket parts demand, but what we are seeing is that even people buying new vehicles are keeping older cars as second vehicles or selling them to someone else. So you still see demand," Feng told IBD. "We've also seen an increase in the overall used-car market because vehicles are lasting longer."   The average age of light vehicles on the road in the U.S. stands at 11.4 years, according to the most recent estimates from industry researcher IHS Automotive. That figure is expected to hold steady this year and then tick up to 11.5 years by 2017 and 11.7 years by 2019.  

By W Simon ,2015-01-07 11:11:38

Automakers reported strong December U.S. sales on Monday, boosted by falling gasoline prices, but industry executives and analysts cautioned that growth would slow in 2015 after five years of rapid recovery from the recession. General Motors Co (GM.N) easily beat analysts' expectations, logging a 19 percent gain to 274,483 vehicles, the best December for the No. 1 U.S. automaker in seven years. Ford Motor Co's (F.N) December sales of 220,671 were up just 1.2 percent, missing expectations. "U.S. auto sales are dancing to a very different (and we believe unsustainable) beat," Morgan Stanley analyst Adam Jonas said in a research note.  true  He suggested U.S. auto demand has outpaced economic, wage and housing growth rates, thanks largely to easy credit access for consumers. Even as the pace of sales growth is expected to slow this year, modest growth to the 16.7 million to 17 million vehicles seen by analysts is still encouraging, several company executives have recently said. Any deceleration in U.S. growth could be damaging at a time when other global markets are slowing. On Monday, Jeff Bracken, head of Toyota Motor Corp's (7203.T) Lexus brand in the United States, said of 2015, "Any way you slice it, whether it's 16.7 (million vehicles) or slightly below or above, it's still a very healthy industry." Toyota executives said they conservatively expect 2015 sales of 16.7 million vehicles, while others, including LMC Automotive, expect this year's sales to hit 17 million. In December, sales of pickup trucks and large SUVs surged, spurred by low gasoline prices. Sales of GM pickup trucks Chevrolet Silverado and GMC Sierra surged 35 percent to 81,273, outpacing the F-Series pickups from Ford, which were flat at 74,355 vehicles. Ford's F-150 pickup truck sales remain limited due to the rollout of a new version. Fiat Chrysler Automobiles' (FCAU.N) (FCHA.MI) Ram Truck brand pickup sales soared 32 percent to 44,222 vehicles. Auto sales are an early indicator each month of consumer spending. Sales in December rose almost 11 percent to more than 1.5 million vehicles, according to research firm Autodata, finishing in line with analysts' expectations. U.S. average gasoline prices are 34 percent lower than a year ago, and in much of the country are less than $2 per gallon. Full-year sales for 2014 finished just above 16.5 million vehicles, matching the tally in 2006. Rising demand has allowed automakers to boost prices for their vehicles, however. Kelley Blue Book, an industry source for vehicle valuations, said Monday the average transaction price for a new vehicle sold in the U.S. market in December was a record $34,367, up 2.5 percent from a year ago. GM's December transaction prices grew 4 percent from a year earlier to $38,816, KBB said. Fiat Chrysler's U.S. sales jumped 20 percent in December on strong Jeep SUV and pickup truck sales, but still missed analysts' expectations. FCA's sales of 193,261 for the month were the highest since 2006 for the company once known as Chrysler. Nissan Motor Co (7201.T) said on Monday its December U.S. sales grew 7 percent, stronger than expected, while Honda Motor Co's (7267.T) 1.5 percent increase fell short of expectations. In addition, Germany's BMW (BMWG.DE) reclaimed the U.S. luxury crown last year, topping Daimler's (DAIGn.DE) Mercedes brand by more than 9,000 vehicles.  

Raw Materials

By Lisa Wang ,2015-01-23 10:05:46

China Steel Corp (CSC) on January 16 announced a deeper 2.27 percent price cut for its products to be shipped to local customers in March amid constant oversupply and weak demand, but the nation’s biggest steelmaker expects prices to rebound next quarter due to recovering demand from the US and China. On average, China Steel will trim steel prices by NT$425 (US$13.43) per tonne for its March deliveries, which is slower than the rate of decline of between US$20 and US$30 per tonne globally in the period from November last year to the present, the Greater Kaohsiung-based company said. In November last year, China Steel trimmed prices for its January-February contracts by 1.71 percent per tonne on average. “We cut domestic steel prices to align the local market with the global steel market. Oversupply and falling raw material prices have added to weak customer sentiment,” China Steel vice president for sales Liu Jih-gang said by telephone. The wobbling global economy and worsening fiscal deficit curtailed fixed asset investment, such as houses and manufacturing equipment, leading to slackening steel demand and a price decline, Liu said. After gloomy demand over the past six months, China Steel has seen some positive signs recently. On the demand side, “the US market is gathering steam because of faster-than-expected recovery in the automotive and construction sectors. China is also likely to grow slightly,” Liu said. “Those factors will support our expectations of a price rebound in the second quarter.” On the supply side, China decided to end subsidies for Chinese steelmakers this year in an effort to retire ineffective or out-of-date factories, which will curb price competition from Chinese steelmakers, Liu said. Moreover, ArcelorMittal SA, the world’s biggest steelmaker, is expected to hike prices to cope with rising costs due to the weak euro, after the European Central Bank launched a 300 billion euro (US$347.24 billion) stimulus package, China Steel said in a statement. Under the company’s latest adjustments, the price of cold-rolled sheets and coils, which are used mainly in the automobile industry, is to fall by NT$842 per tonne, while that of benchmark hot-rolled sheets and coils is to drop by NT$622 per tonne, China Steel said in a statement. The price of electrical sheets, which are used to manufacture home appliances, is to decline by NT$504 per tonne, and hot-dipped zinc-galvanized sheets will be NT$600 lower per tonne, while the price of electro-galvanized sheets will remain unchanged, it said.

Company News

By Ed Hammond ,2015-01-23 09:45:25

Anixter International, the electrical equipment maker backed by Sam Zell, has put its fasteners division up for sale a year after it failed to find a buyer for the whole company. The sale of the fasteners division, which produces nuts, bolts and adhesives, is likely to fetch more than $500m, with final bids due later this month, according to people familiar with the matter. Exact details about potential buyers could not be ascertained, but the auction, which is being managed by Goldman Sachs, has attracted interest from private equity, rather than strategic bidders, the people added. Anixter, which has a market value of $2.9bn, had tried to sell itself early last year, with rival electrical equipment maker Rexel of France and private equity group Carlyle reported to be among the buyers. The process was pulled, however, after buyers failed to agree a price. The Illinois-based company counts Chai Trust Company, a subsidiary of Sam Zell’s Equity Group Investments, as its largest shareholder with 11.33 per cent of the stock. The real estate billionaire, who has held a position in the company for about 30 years, is also on Anixter’s board. The sale of the fasteners business comes at a time of feverish activity in global mergers and acquisitions, with the combination of cheap debt and rising corporate confidence driving levels of dealmaking not seen since the start of the financial crisis. Globally, the value of deals hit $3.34tn last year — the highest level since the start of the financial crisis. Private equity buyers have struggled to get traction in the recent wave of M&A, with the number of leveraged buyouts falling in 2014. But carve outs, such as the sale of Anixter’s fasteners business, have provided opportunities in an otherwise fallow patch. Anixter did not immediately return a request for comment. Goldman Sachs declined to comment.    

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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