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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 Ken Liu ,2015-02-05 10:09:06

Throughout 2014, both Taiwan's machinery industry and machine-tool industry delivered fewer machines than originally ordered due chiefly to the higher NT-dollar-to-greenback ratio than that between the U.S.-dollar and the Japanese yen and South Korean won.   J.C. Wang, president of the Taiwan Association of Machinery Industry, points out that the island's machinery builders actually delivered on average US$1.7-1.8 billion of machines a month last year although government statistics show they were booked to build US$1.9-2.0 billion of machines a month.   In December, the deliveries totaled only US$1.88 billion, lower than the association's projected US$1.9-2.0 billion in spite of an increase of 4.7% from the same month of 2013, Wang says. In the same month, the island's machine-tool sector shipped US$321 million of machines, only 90% of the US$350 million of machines on order books but representing a 1.3% growth from December of 2013.   Throughout 2014, Taiwan's machinery industry exported US$20.88 billion of machines, a gain of 5.7% from 2013, with machine-tool makers delivering US$3.75 billion of machines to register an annual growth rate of 5.8%.   Industry executives say price gaps between Taiwan-built and Japan-built machines have narrowed to within 10% from 25-30% since the yen-to-greenback ratio has fallen to 120 from 80, making Japan-built machines more inexpensive.   They note that the weaker yen has prompted Japanese machine makers to cancel custom orders to Taiwanese makers, and European and American buyers to haggle over prices depending on currency fluctuations before asking for deliveries.   Mainland Chinese buyers postponed delivery dates mostly because of stretched cash flow, which left them hard pressed to make downpayment for the machines they booked with Taiwanese makers.   Wang points out that in 2015 there are upsides and downsides for Taiwan's machinery makers, with the advantages including the recent devaluation of NT-dollar and continuing decline in crud oil prices, and the disadvantages including the Free Trade Agreement between mainland China and South Korea, the decelerating economic growth of mainland China, and impact of the possible Greece's exit from the euro zone, a scenario predicted as unlikely by experts on global TV news channels. With the new leftist, anti-austerity prime minister Tsipras having won office, Greece's credit rating has been put on watch list for downgrade. The new PM would be courting disaster to consider leaving the EU when it owes billions in bailout loans.   Pessimists forecast exports of both Taiwan's machinery and machine-tool industries to rise 10 percent year on year in 2015 while cautious executives put the growth rate at 6-7 percent.

By MDM ,2015-02-04 09:57:50

The value of merger-and-acquisition transactions worldwide jumped 28 percent in January compared with the same month a year ago, making it the busiest January in four years, according to Thompson Reuters.   But most of the action was in Asia, with deals targeting U.S. companies declining 13 percent, a trend reflected in fewer notable distribution purchases during the month.   Electrical distribution made some of the biggest noise in January, with France-based Sonepar and one of its subsidiaries pulling off a trio of acquisitions.   Sonepar bought a Belgian distributorand an Italian distributor, and Sonepar USA subsidiary OneSource Distributors bought two related Hawaiian companies, RASKO Supply and RASCO Supply.   In other electrical distribution M&A activity, Cedar Rapids, IA-based Van Meter said it will acquire Miller Electric Supplyto expand its presence in Iowa to 14 locations.   Big news came out of the fasteners sector, which saw Anixter International deciding to sell its fasteners division, according to the Financial Times. The division is expected to sell for more than $500 million, according to FT. Anixter had sales of $6.2 billion in 2013 with the fasteners division – reported as OEM supply – accounting for about 15 percent of total sales.   Also in fasteners, the Bossard Group said it would acquire the fastening solutions division of Forind Avio Elettronica S.p.a.for undisclosed terms.   Despite a relatively slow start to 2015 in distribution, the year promises to contribute greatly to the industry's consolidation story, with M&A expected to pick up considerably, according to David J. Manthey, senior research analyst, industrial distribution services, Robert W. Baird & Co.   During the recent MDM Webcast, 2015 Distribution Industry Outlook, Manthey said the M&A environment is ripe for numerous and noteworthy deals this year.   "From a private equity standpoint, first of all, there’s about $465 billion of dry powder in global private equity buyout funds right now," he said. "That’s up from about $180 billion 10 years ago, so massive growth there. With the low rates they’re able to really get much more attractive returns with higher degrees of leverage."

By Rotabolt ,2015-02-03 11:28:20

The first system in the world to offer true remote, wireless monitoring of bolted joint integrity has been launched by James Walker RotaBolt in partnership with Transmission Dynamics. The RotaBolt-TD system continuously monitors and wirelessly reports in-service bolt tension, and can even issue ‘tension-loss alarms’ via email or SMS direct to stakeholders. It has the potential to revolutionise maintenance regimes particularly where important bolted joints are difficult to access because of location or operational environment. “With the RotaBolt-TD System, you will be able to monitor all the important bolted joints in an offshore wind farm from your mobile phone,” commented Rod Corbett from James Walker RotaBolt, “it is going to have a major impact on maintenance costs across many different industries and applications.” Jarek Rosinski from Transmission Dynamics added, “RotaBolt-TD is supported with state of the art instrumentation and data automation, and can be deployed with a full data management and reporting package. We know that it is a system that many have been waiting for.” Each bolt in the RotaBolt-TD system contains micro instrumentation and a wireless transmitter. It periodically reads bolt tension, critical to the integrity of the joint, and then wirelessly transfers the information to a local transceiver which collects the data from any number of bolts and then transmits the report via the internet, or GSM network, to a secure server. The system, which has taken over five years to research and develop, allows for continuous monitoring of bolt tension and automatic report generation. It can deploy an alarm in case of a sudden loss of bolt tension below a predefined level, notifying authorised stakeholders globally by either email or SMS. Each bolt contains a coin-cell battery which ensures 5 years continuous unattended operation. Transmission Dynamics provide services to blue-chip technology companies around the world and have clients in the renewable energy, mining, marine, defence, automotive and rail sectors. They design and manufacture their own range of wireless telemetry and data acquisition systems for recovering in-service load information from the most demanding of environments. James Walker RotaBolt have been at the forefront of bolted joint reliability since the 1980s, championing their bolt tension technology across a wide range of industries. Today their fasteners are used to assure bolted joint reliability in environments where pressure containment, vibration, fatigue and structural slippage are present.

Raw Materials

By steelguru ,2015-02-09 10:09:01

Company News

By CFM ,2015-02-10 09:56:08

2014 is believed to be a rough year for most export-oriented fastener manufacturers in China. During our interview, four possible reasons were pointed out by Jarod Shi, the foreign trade manager of Jiaxing Chinafar Standard Parts Co., Ltd. “First,  the global economic recession leaded to less market demand; Second, the overcapacity of the industry had intensified virulent price competition; Third, the RMB appreciation and depreciation of other non-US currencies had increased customers’ import cost; Four, the steel price presented a down tendency which resulted in more cautious buyers.” as was told by Jarod. Though the situation is difficult, Jiaxing Chinafar still completed its sales plan, reached 10 million USD this year. The predecessor of Jiaxing Chinafar, Haining Huada Plating Co., Ltd was founded in 1997. Specialized in threaded rod plating, it was one of the earliest forerunners in the industry. Jiaxing Chinafar Standard Parts Co., Ltd is established in June in 2011. With an area of 16,000 square meter, its annual production of threaded rod now reaches 15,000 tons. It was awarded the top five innovative fastener manufacturer in 2014. With years of experience in participating in internationally fastener exhibitions, Jiaxing Chinafar seems to have clearer awareness of the market and its own advantage. When speaking about its competitive strength, Jarod shared confidently : “ Firstly, we have lower cost since that we’ve got our own land and plant and 100 machine, which means no loan from the bank and less labor cost; my boss Mr. Pan is involved in steel trading business since 2014, in this case, we can buy cheaper steel with good quality than others; And secondly we have strategic marketing plans based on the wide customer range; What’s more, as we have a huge capacity of threaded rod, the leading time of Chinafar is only 20-30 days. Worth to mention that as we focus on threaded rod only, and we have a QC group of 10 persons to supervise the production , our quality is quite stable and excellent. The price advantage is more distinct in threaded rods DIN976 4.8 6g and 8g, DIN976 8.8 6g and short studs.” Asking about the future plan, Jiaxing Chinafar will separate its packing department from the production department and office area for delicacy management and higher efficiency. The estimate annual production for 2015 is 12 million USD.  

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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