By CFM| 2014-09-19 00:00:00
By CFM| 2014-09-17 00:00:00
By CFM| 2014-06-27 00:00:00
By CFM| 2014-06-09 00:00:00
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.
By Nann Cheng ,2014-09-18 10:12:08
According to data released by the Brazilian Steel Institute, A?o Brasil, the country’s crude steel output totaled 2.94 million tons in August, down by 1.4% year on year and remaining flat from a month ago. In August, the country’s finished steel output totaled 2.08 million tons, decreasing by 9.1% year on year but rising by 2.4% month on month. In January-August period, Brazil’s crude steel production amounted to 22.6 million tons, falling by 1% in comparison of 22.8 million tons in the same period of a year ago. In the given period of time, the country’s finished steel production totaled 16.6 million tons, falling by 5% year on year.
By Steel guru ,2014-09-15 09:52:20
According to the China Iron and Steel Association, China Steel Price Index stayed below 100 points for the eleventh consecutive month to close at 90.63 points as of the end of August, 2014. It was the highest level since 2014 and marked fifth straight month of declines. The figure was down 1.25 points or 1.36% from the end of July and down 8.51 points or 8.58% from a year ago. Steel production in China increased slightly in August, but steel prices hit intra year lows affected by slowing macroeconomic growth. Daily crude steel production of key steel mills monitored by CISA hit 1.8263 million tonnes in mid August, up 1.53% or 27,600 tonnes from early in the month. Meanwhile, iron ore prices suffered a big slump. The iron ore market remained oversupplied with sufficient stockpiles of above 100 million tonnes at ports for seven months in a row. As of the end of August, iron ore inventories at China's ports reached 112.37 million tonnes, down 1.08 million tonnes or 0.95% MoM but rising by 39.38 million tonnes or 35.04% from the same time of last year. CISA also forecast that the steel market will embrace the traditional consumption peak season in September and government measures to ensure steady growth will gradually go into force, but iron ore demand growth will be limited as steel production has perched high and it is unlikely to increase significantly.
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
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.
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 firstname.lastname@example.org
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: email@example.com
By MDM ,2014-09-05 14:05:28
The Fastenal Company (Nasdaq: FAST), Winona, MN, reported sales for August of $326.9 million, a 9.8 percent increase over the same period a year ago. Daily sales increased 15 percent to an average of $15.6 million. During the month, sales to manufacturing customers grew 14 percent, while sales to nonresidential construction customers grew 9.4 percent. Two new stores opened in the month and employee headcount increased 12.8 percent year-over-year to 18,210.
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)
The second Indo Fastener show was successfully held on 14th May this year. It will last for three days. Being as one of the major media partner of the show, CFM exhibited and learnt about the current market situation of Indonesia. According to the official statistic, there are 26 fastener companies from mainland China exhibited in the show, taking a large proportion among all together 49 exhibitors. 15 Taiwan companies exhibited the show. Several famous firms were very popular at the scene, like Special Rivets, Changshu 5 Rich Hardware, Shanghai Rivet, Shanghai Jingyang, Ningbo Sijin, 3 Star Rivet, Zhejiang Taisheng etc. CFM's booth G20 SRC Changshu 5 Rich Hardware Shanghai Rivet Shanghai Jingyang 3 Star Rivet Zhejiang Taisheng During the same period, the 7th Indonesia International Automotive (Components, Spare Parts, Tools and Accessories Exhibition ) is held concurrently. And one exhibitor came from mainland China among 44 firms. About 2170 visitor came to the show on the first day. Handan Ruiqiang, S&D Fasteners, Foshan Kuiloon also witnessed the show. Most of the buyers came with specific buying requirements and had business contact with Chinese supplier before. ChinaFastener Magazine recommended CAS members according to the their need at the scene. （What is CAS member? Click Here) Jiangsu Zhenya Ningbo Maowang Some exhibitors told CFM journalist that though the visitors were not as many as they’ve imagined, but the buyers are very professional and determined. They believed this to be a good chance to develop business relationship after the show. Affected by the continuously execution of anti-dumping duties in European markets, many fastener companies now intend to increase their market share in Southeast Asian. Thanks to the free trade agreement between China and Southeast Asian Union, both side can enjoy zero tariff. In 2013, Indonesia imported $66 million fasteners from China. As is noticed by CFM journalist, many street reconstruction has been taken in Indonesia which indicated huge need for constructional fasteners. It will also bring a great deal of promotion to auto fastener industry, too. It is believed that Indonesia may offer huge business prospects.
On Apr 14-15, China Fastener Magazine participated in Taiwan International Fastener Show 2014 as to promote business for Chinese fastener companies and get the lastest fastener news. The show was held every two years in Kaohsiung Exhibition Center, KEC, this is CFM's second attendence. Held right in the middle of Taiwan’s largest and most dynamic industry cluster, the scale and the number of participants of the show had doubled compared to 2012. There are about 330 companies and thousands of attendees from Germany, France, America, Japan, Great Britain, Austrilia etc, all together 20 foreign countries. China Fastener Magazine distributed the 15 issue to many international buyers, like THEO FOERCH, Reisser, Wurth, Domax, Al Wehdah Star, and gave recommendation about the famous Chinese suppliers to them. The opening ceremony of the show and Kaohsiung Exhibition Center was hosted by the vice president Wu Don-Yih, together with the mayor of Kaohisung city Chen Chu and many other honored guests. It took 3 billion TWD to build Kaohsiung Exhibition Center ,pointed out by Chang chia-juch, minister of economic affairs. CFM with profession fastener buyer Autolink All the exhibitors are local companies ,most famous cooperations had planned their booth with delicate taste, such as Chun Zu, SAN SHING FASTECH, CHITE,TYCONE. The leading steelmaker Sinosteel also exhibited in the show which indicates the close cooperation of the industrial chain. Puma FX San Yong Electric Heat TALKYU
2014 Five Region Fastener Association Conference was successfully held on 13 Apr in KECC Taiwan .Five Region Fastener Association Conference is a yearly event held by the regions of Mainland China, Hong Kong, Taiwan, South Korea and Japan. It was Taiwan Industrial Fastener Institute's turn to hold it this year. There are about 200 attendees in the conference. Among them, 27 of them came from South Korea, 36 from Japan, 52 from mainland China, 52 from Taiwan China, 36 from HK China. ChinaFastener.com witnessed the big event as one of the most influential media in the industry, providing technical support for the conference. 2014 Five Region Fastener Association Conference was officially opened at 2 o’clock in the afternoon. Concentrating on the development of fastener industry in the past one year, the representatives of five regions made an industrial report respectively. They were Mr. Thompson T.H.Chang, president of Taiwan Industrial Fastener Institute;Mr. Feng Jinyao, chairman of China Fastener Industry Association; Mr. Lin Zhi Ming, chairman of Hongkong Screw & Fastener Council; Mr. Yu Zhenshan, president of Korea Federation of Fasteners Industry Cooperatives; and Mr. Katsuyoshi Okawa, chairman of the Fasteners Institute of Japan. The holding of Five Region Fastener Association Conference not only strengthen the friendship and communication among five regions, but also provide a platform for entrepreneurs to learn the latest development of fastener industries in five regions and plan the next step to develop enterprises. After the cheerful intermission, Mr. Thompson T.H.Chang gave speech on the theme of " Yesterday, Today and Tomorrow of Taiwan Fastener Industry" and showed great confidence in future development. With the announcement that the next year’s Five Region Fastener Association Conference will be held in Hongkong by Hongkong Screw & Fastener Council, 2014 Five Region Fastener Association Conference came to an end.
Considered as the leading trade fairs throughout the world, Wire Düsseldorf was grandly opened on 7th Apr 2014 in the trade hub of Düsseldorf, Germany. Being as one of the most influential media in fastener industry, ChinaFastener Magazine had a successful kick-off on the exhibition by distributing the newly published 15th issue magazine and recommending quality suppliers to the visitors. CFM exhibits in the 2014 Wire Düsseldorf "Visitors pouring in at all three entrances and bustle and bustle in 15 exhibition balls; the first impression doesn’t lie. Wire and Tube 2014 can look back on a very successful first day," Friedricb-Georg Kebrer, Director of wire and tube 2014, is obviously happy about the first day of the events. "Overall we expect more than 70,000 visitors from all over the world, who want to experience five days of innovations in the fields." The space area has a 4% increase to 50,500 square meters. According to the data offered by VDMA（German Engineering FederationIn) on the show, the output value of mechinical equipment worldwidely in 2013 is 2,225 biliion euros, slightly declined from 2,230 billion euros in 2012. German ranked as the third biggest mechinical equipment manufacturer and accounted for 11% share of the output value，says 2,460 billion euros. China topped among all the other countries with the output value of 7660 billion euros, which took 34% of the world's whole output value. America's output value reached 3,260 billion euros, ranking second on the list. And Japan ranked forth as its output value was 1,930 billion euros. CFM was also infected by the hot scene and had pleasant talking with many professional buyers .Most of them find ChinaFastener Magazine to be very beneficial for them to learn the latest market trend of Chinese fastener industry. And the column of Buyer's Guide ,which include nearly 500 excellent fastener suppliers’ information, facilitates buyer’s purchasing in a great deal. CFM with BRANKAMP CFM noticed that the big shots in the industry are gathered in this splendid event, such as Shanghai Fast-Fix, SRC Metal, Lianyungang Xingyi, Jiangsu Washen, Jingjiang Hengfeng, Shanghai Rivet, Jiaxing Allywin, Jiaxing Chinafar, Ningbo Jingle, Zhejiang New Oriental, Wenzhou Kaixu, Wenzhou Jinsheng. And 3View, Brankamp, Accuvision, Carlo Salvi, Chun Zu, CPM, Sacma, Jern Yao, Nakashimada, National Machinery, Nedschroef, Sakamura Machine, Sala, Simufact, Videx and so on also said that they would participate in 2014 Fastener Expo Shanghai. Since the economic crisis, wire and cable machinery industry has been experiencing a significant uprising in orders and sales. Despite current regional risks and uncertainties, the outlook for global growth, as predicted by economic experts at 3.4 percent GDP for the year 2014, is supported by the global economic recovery.
The 2nd Guangdong Fastener Economy, Trade & Technology Symposium was held successfully on Mar. 29, 2014 in Foshan, Guangdong, China. It was organized by Guangdong Fastener Industry Association and co-organized by www.chinafastener.com, aiming to promote the health development of Guangdong fastener industry and provide a platform for member enterprises to release information, show products, and strengthen cooperation. As the statistics showed, the whole production volume of fasteners in mainland China in 2013 was up 7.53% to 6.39 million ton. Rapid growth was seen in the middle part of China; on the contrary, the fastener production of Guangdong Province has decreased 8.14% to 110,153 ton. Lots of experts in fastener industry showed up and exchanged their views of the fastener business, like Eagle Metalware, CARLO SALVI cold headers, Shanghai Chun Zu Machinery Industry Co.,Ltd, Foshan Kuiloon Metal Products Co., Ltd. etc. And so did Hong Kong Screw & Fastener Council and Taiwan Fastener Trading Association. They agreed that 2013 was a difficult year for fastener industry and this kind of symposium could boost the development of fastener industry and bring new opportunities. At the event, ChinaFastener Magazine was quite popular among the attendees. During the welcome dinner, Mr. Yang J. F., CEO of www.chinafastener.com and vice-president of Guangdong Fastener Industry Association, had awarded honor plaques to the new members of the association.
After two months’ dedicated preparation, ChinaFastener Magazine (CFM) finally meets its new issue (15th issue) today. Founded in 2007, CFM is the unique professional fastener publication in both English and Chinese in mainland China, published by www.chinafastener.com in every February and August, with circulation of 15000 copies per issue, reaching a readership of 40,000 (print plus CD and digital version online) around the world. New Highlights of 15th issue CFM Firstly, News column covers several countries like China, America, Brazil, and Europe. America and Europe have been the important export destinations of China’s fastener industry. However, the fastener export to America and Europe has been declining while the export to new emerging markets keeps going strong. Brazil has become the important market for fastener companies to explore in recent years and learning the local news will be helpful for making market decision. Secondly, Close to Suppliers column can make you learn suppliers in detail. In this column, there are the rivet expert Shanghai Fast-Fix, general metal finishing leader Atotech, expansion anchor supplier Ningbo ABC, and stainless steel fastener supplier Foshan Kuiloon. Thirdly, Exhibition Preview Column provides reference for attending exhibitions. The 15th issue CFM makes an extension on Exhibition Preview, which includes all fastener related exhibitions and makes a simple introduction for every exhibition. Fourthly, a must-owned Buyer’s Guide. Buyer’s Guide of 15th issue CFM is informative, valuable and time-efficient. It includes nearly 300 excellent export-oriented fastener suppliers in China, and all the information is verified one by one by the Buyer Service Team of www.chinafastener.com. The suppliers are classified with product category, by which, international fastener buyers can easily find the target suppliers. Fifthly, get popularity with international enterprises. ChinaFastener Magazine is the first fastener publication in English and Chinese in mainland China. With its increasing popularity and influence, more and more international enterprises like ATOTECH, SRC, Visacom, Kwok Tai, Manzoni, and Dowa and so on choose CFM as the effective channel to publicize company brand and explore oversea markets, which reflect CFM plays an important role in the world. The 15th issue of CFM will be distributed by all available channels of internet, express and exhibition in the forms of digital version, hard copy and CD. A quick access to 14th issue of CFM, please visit http://www.chinafastener.com/magazine/. The 15th issue CFM will attend Fastener Fair Hanover (booth No. A81) on Apr. 8th to 10th, 2014. If you are going to visit this exhibition, you are welcomed to come to our booth for getting a hardcopy. Click Here to Read Free Online