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  • 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.
  • 4 powerful shows attracted 14,879 Attendants Vietnam’s Supporting Industries On the Rise!

    4 powerful shows attracted 14,879 Attendants Vietnam’s Supporting Industries On the Rise!

    By Khunnawat Teeranawattanakun| 2014-10-16 00:00:00

    The four powerful shows: "Business Alliance for Supporting Industry," "METALEX Vietnam," "NEPCON Vietnam," and "Industrial Components and Subcontracting Vietnam" have come to a close after 3 successful days of providing the business opportunities to 14,879 attendants at SECC on October 11, 2014. All visitors enjoyed discovering the right technologies they were looking for and networked with the potential business partners while exhibitors were able to generate new sales leads, meet their target customers, and gained new ground to establish their brand awareness. ChinaFastener Magzine, being as one of the most profession fastener media also exhibited in the show and witnessed the splendid event. CFM distributed the latest issue of ChinaFastener Magazine and made propaganda for the powerful CAS members( Certificated Active Suppilers) at scene. Many foreign buyers showed great interest towards CAS members and said that they would make contact later. Booth of CFM (G12) Mr. Duangdej Yuaikwarmdee, Deputy Managing Director and General Manager Vietnam of Reed Tradex Co., Ltd. said that The four powerful shows: “Business Alliance for Supporting Industry,” “METALEX Vietnam,” “NEPCON Vietnam,” and “Industrial Components and Subcontracting Vietnam” have come to a close after 3 successful days of providing the business opportunities to 14,879 delegation are from 29 countries, namely; Australia, Austria, Belgium, Cambodia, China, Czech Republic, France, Germany, Hong Kong, India, Italy, Japan, Korea, Lao, Malaysia, Myanmar, Netherlands, Pakistan, Philippines, Singapore, South Africa, South Korea, Spain, Switzerland, Taiwan, Thailand, United Kingdom, United States and Vietnam. All visitors enjoyed discovering the right technologies they were looking for and networked with the potential business partners while exhibitors were able to generate new sales leads meet their target customers and gained new ground to establish their brand awareness. Knowledge and skills were imparted to active delegates who joined our exclusive activities, including; “Engineer Master Class #3,” was successfully wrapped up with the in-depth knowledge in DFMA skill shared by Assoc. Prof. Dr. Pham Ngoc Tuan, Vice President of HAME. In addition to receiving certificates for their attendance, these participating engineers will now be able to adapt this new knowledge to their working environments to get ready for the upcoming AEC. “Hand Soldering Competition,” finally, the 3rd Hand Soldering Championship in Vietnam is found! The first prize went to Mr. Pham Le Huynh from Artus Vietnam, the first runner-up went to Mr. Dinh Anh Phi from Truong Cao Dang Co Dien Dong Nai Institute and the second prize went to Mr. Vuong Hau Long from Spartronics Vietnam. Congratulations to the champion who will be sponsored by IPC to contend in the World's Hand Soldering Competition in California in 2015. “Koma Taisen World Championship Preliminary in HCMC” this exciting battle were crowded with the visitors who desired to witness the skills and sophisticated technology they can apply to their industry. The winner of this tournament was from Khai Thac Co.,Ltd. and they can go to join “World Championship Sekai Koma Taisen 2015” in Yokohama city, Japan which will be held on 15 February 2015. Exclusive seminar by JETRO, this special seminar was wrapped up with industrialists who have broaden their knowledge on the status of Vietnam’s supporting industries and heat treatment from Mr. Kyoshiro Ichikawa, JETRO Coordinator and Chairman & CEO of I.B.C Vietnam and Mr. Makoto Kondo, Chairman of KD Heat Technology Vietnam. Plus, more and more modern technologies, machinery, suggesting that Vietnamese industries are ready to reach new levels of success and productivity in terms of quality and quantity. We would like to express our gratitude to all attendants, exhibitors, seminar speakers and delegate, press members and supporting organizations for your strong supports and participation that have made these 4 shows a meaningful contribution to the development of Vietnamese industrial community. Mr. Duangdej concluded. Mr. Le Duong Quang, Deputy Minister of Ministry of Industry and Trade said that as Vietnam’s supporting industry will become a major metalworking manufacturing hub in ASEAN, I would like to welcome all the participants to visit METALEX Vietnam and NEPCON Vietnam 2014. These shows are ready to serve the participants with its latest technologies, innovations, know-how and new kind of machinery, so, you will be able to obtain an opportunity to learn and share new experiences in these exhibitions. Mr. Soichi Yoshimura, Executive Vice President of Japan External Trade Organization HQ said that In Japan, it is difficult to buy machine’s accessories, the ratio of Japan economy’s growth is also low so we come to VietNam to expand market Beside, we hope that Japan and Viet Nam’s company can cooperation with each other to promote supporting industry. Mr. Nguyen Tuan, Vice Director of Investment & Trade Promotion Center (ITPC) said that to promote and support the supporting industries in Vietnam, We coordinate with the JETRO HCMC and Reed Tradex to organize “Business Alliance 2014 for Supporting Industry.” This is a good opportunity for the parties to seek new customers, suppliers, and business partners, as well as look for advanced technologies. Mr. Hirokata Yasuzumi, Managing Director of JETRO Ho Chi Minh City said that Vietnam’s metalworking and supporting industries have developed and are growing very fast, attracting foreign companies to invest in the country. Therefore, Vietnamese manufacturers need to upgrade their technology in order to raise the productivity in terms of quality and quantity. This year, we organize “Business Alliance 2014 for Supporting Industry”, which is co-located with “METALEX Vietnam,” “NEPCON Vietnam,” and “Industrial Components & Subcontracting.” This will be the only event where industrialists can upgrade their metalworking and electronics manufacturing with the latest machine tools and solutions as well as enhance their business opportunities by meeting parts buyers from Japan, Thailand, and more. Mr. Atsushi Hisano, Director for Attraction of Foreign Direct Investment in Tokyo, Commerce and Industry Division, Bureau of Industrial and Labor Affairs, Tokyo Metropolitan Government said that Because it is hard for Japanese companies to work alone, Tokyo Motropolitan Government has supported 14 companies so that they can come to Viet Nam to exchange technique and cooperate with Viet Nam company. Viet Nam’s supporting industry is developing more and more so they need modern technique for promoting industry and I think we can help them. Mrs. Pho Nam Phuong, Director of Investment and Trade Promotion Centre said that as JETRO HCMC and ITPC jointly organize “Business Alliance 2014 for Supporting Industry” which is co-located with METALEX Vietnam and NEPCON Vietnam, we hope that Vietnamese and foreign enterprises could get their business developed and expanded from attending these events. I believe that these exhibitions will definitely enhance Vietnam’s supporting industries to upgrade production skill of workforce and quality of materials to compete with global market. Mr. Sotaro Nishikawa, Chief Director of JETRO IBARAKI said that this is my 4th time visiting this show and I can confidently say that the supporting industries in Vietnam are going to be develop more and more in the future. Vietnam will become a potential market to promote the supporting industries. 20 entrepreneurs from Japan joined my visit today. I hope that this exhibition will be a good opportunity for both sides to collaborate in the long run. Mrs. Malinee Harnboonsong, Director of Thai Trade Center, Department of International Trade Promotion, Ministry of Commerce, Royal Thai Government said that today, 50 companies join in the show and 24 companies are engaging in auto, metal, and others industries. In the future, DITP will support this kind of event to connect 2 countries in order to be supported by many foreign trade activities so that 2 countries can interact together. The show is useful to supporting industries in Vietnam because many Thai companies invest here and look for partners in mechanical industry. This show represents a trade platform with bilateral connections to promote stronger relationship between Vietnam and Thailand. Mr. Suthiket Thatpitakkul, Investment Promotion Officer, Senior Professional Level of BOI Unit for Industrial Linkage Development (BUILD), Thailand Board of Investment (BOI) said that I think Vietnam is one of the attractive countries foreign companies should invest in as Vietnam’s supporting industries are growing continuously. Vietnamese manufacturers need to improve their productivity in terms of quality and quantity in order to acquire new customers. Attending METALEX Vietnam and NEPCON Vietnam will help industrialists to meet with business partners and have a good preparation for the upcoming AEC in 2015. Mr. Viroj Sirithanasart, President of Alliance for Supporting Industry Association said that A.S.I.A looks for foreign business partners in order to enhance the supporting industries. Due to the upcoming AEC, I think Vietnamese parts makers will need to use advanced technologies to produce more complex parts. I hope that I would be able to meet with subcontractors and business partners for future business. Mr. Adam See, President of Association of Electronic Industries in Singapore (AEIS) said that the growth in Vietnam’s electronics and supporting industries will be phenomenon over the next few years. Also, Singaporean companies would like to be part of this driving Vietnam’s electronics industry in terms of investments in machinery. Thus, attending NEPCON Vietnam would support and strength the relationship between Vietnamese and Singaporean electronics industries. NEPCON Vietnam will be a great platform where Vietnamese and the regional electronics manufacturers can source for new technologies to enhance their production. Mr. Faizal Izany Mastor, Trade Commissioner of Malaysia External Trade Development Corporation (MATRADE) said that Exhibitions like METALEX Vietnam and NEPCON Vietnam offer both Malaysian and Vietnamese manufacturers a very good chance to form new business partnerships. They can also search for newest technologies to upgrade their productivity. Ms. Grace Chen, Specialist of Taiwan Association of Machinery Industry (TAMI) said that Recently, Vietnam’s supporting industries are rising continuously, affecting Vietnamese manufacturers to keep themselves updated on the developments at all time and to look for new technologies in order to remain competitiveness. I believe these shows are unique platform for industrialists to source for efficient technologies from leading providers, including Taiwan, to upgrade their production. The next edition of “METALEX Vietnam 2015 (MXV)” Vietnam’s International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade, will be held again during 8 - 10 October 2015 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   
  • China International Hardware Show (CIHS) Grandly Opened

    China International Hardware Show (CIHS) Grandly Opened

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

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

Industry Activities

By Richard Borsuk ,2014-10-27 11:05:06

Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai. "The economy is slowing. The auto industry would reflect that but typically lags the economic cycle by a bit." CAAM had forecast China's auto market, which grew by 13.9 percent last year, to expand at 8.3 percent in 2014. Dong said CAAM will not make any official revisions to its forecast. Carlos Ghosn, head of Japanese carmaker Nissan Motor Co Ltd (7201.T) and its French alliance partner Renault SA (RENA.PA), told the same conference he was still optimistic about China's outlook. "From time to time we have slowdown ... but fundamentally I'm still very optimistic on the fact that the long-term trend in China is up and carmakers should be prepared for that," Ghosn said, pointing to China's low car ownership level compared with other major markets. Nissan has said its China sales fell by 20 percent in September from a year earlier, the third straight month of decline, due to sluggish sales of light commercial vehicles and increased competition in the passenger car segment. During the first nine months of the year, overall vehicle sales in China rose 7 percent from the same period a year earlier, according to CAAM data. China's annual economic growth slowed to 7.3 percent in the third quarter - the weakest pace since the depths of the global financial crisis, and down from 7.5 percent in the previous quarter.  

By Shally Seth Mohile ,2014-10-23 10:23:49

Dealers of India's top motorcycle and scooter manufacturers dispatched a record number of units to customers on Dhanteras, considered an auspicious day for purchases ahead of Diwali.   Market leader Hero MotoCorp Ltd's dealers sold a total of 200,000 two-wheelers on the day, up 80% from a year earlier. Honda Motorcycle and Scooter India Pvt. Ltd (HMSI) the second-largest, saw its sales more than double to 165,000 units, the companies said in separate statements. TVS Motor Co. Ltd and Bajaj Auto Ltd did not release details about sales on Dhanteras. A TVS spokesperson said that the company will release consolidated sales on 1 November. Typically, automobile companies report dispatch to dealers and not customers.   An improvement in customer sentiment and better economic outlook has boosted vehicles sales in India. Motorcycle and scooter sales in the world’s second-largest market for such vehicles rose 16.4% in the six months ended 30 September to 8.1 million units from year ago, according to industry lobby group Society of Indian Automobile Manufacturers (Siam).   India's gross domestic product (GDP) grew 5.7% in the June quarter, the fastest pace in two-and-half years after two consecutive years of sub-5% growth. Economists polled by Reserve Bank of India (RBI) predicted in a survey released in September that the economy will grow 5.3% in 2014-15, slightly slower than the 5.4% forecasted in a previous survey in March. Growth is expected to rebound to 6.4% in 2015-16, according to the International Monetary Fund's (IMF) April World Economic Outlook report. The festive season, and Dhanteras in particular, has provided further momentum to two-wheeler sales. "The strong retail numbers reported by the companies show that the two-wheeler market has bucked the larger trend," said Mitul Shah, senior analyst at Karvy Stock Broking Pvt. Ltd, adding that nothing much has changed on the ground except sentiments.   "This Dhanteras has been a phenomenal day of retail sales for Hero MotoCorp," A. Srinivasu, head of national sales at Hero MotoCorp, said in the statement. He said the company had anticipated this demand and was prepared with 600,000 plus dispatch in September. On Wednesday, Hero MotoCorp's shares rose 4.03% to Rs.3,115.95 on the BSE, while the exchange's benchmark Sensex gained 0.8% to close 26,787.23 points.   It was a bountiful Dhanteras for HMSI too. In an interview, Yadvinder S. Guleria, vice-president (sales and marketing) with HMSI, said sales surpassed the company's expectations by at least 10-15%. Close to 40% of Honda’s sales came from central India, including Madhya Pradesh, Chhattisgarh and Uttar Pradesh, and were driven by the Activa scooter models and Dream series of motorcycles.   "Interestingly, we saw good traction even in the mass segment, sales of which are seasonal in nature," said Guleria, adding the company was prepared for the spurt in sales three to four months ahead of Dhanteras.      

By Dan Gearino ,2014-10-23 00:00:00

Warnings about potentially defective airbags have gotten consumers’ attention, although many auto dealers are still waiting for repair parts and information about how to deal with the problems.   "My biggest concern is that I need to get the parts," said George Byers Kauffman, vice president of Byers Auto, which sells 16 new-car brands at various locations in central Ohio.   His advice to consumers is to contact a dealership to help determine next steps.   "We've received a lot of phone calls," said Jason Jordan, service department manager at Roush Honda in Westerville. "Not all information is available yet. Unfortunately folks only hear 'Honda’ and ‘airbag recall’ and they have no idea if it's their vehicle or not.”   Longstanding concerns about Takata Corp. airbags have been amplified by recent media reports and an expansion of a government recall that now affects 10 auto brands and 7.8 million vehicles.   On Tuesday, the National Highway Traffic Safety Administration said consumers should "act immediately" to get the defective equipment replaced.   The message is particularly urgent in areas with high humidity, which may be more likely to have the problem, the agency said. Those areas include: Florida, Puerto Rico, limited areas near the Gulf of Mexico in Texas, Alabama, Mississippi, Georgia, and Louisiana, as well as Guam, Saipan, American Samoa, Virgin Islands and Hawaii.   The agency provided a list of model years for the following automakers: BMW, Chrysler, Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, Subaru and Toyota.   In rare cases, the airbags can explode and send shrapnel flying. "A lack of awareness regarding the potential danger from these devices has been almost as troubling as the danger itself," Karl Brauer, a senior analyst for Kelley Blue Book, said in a statement. "Of course this is only the first step of a long process. With so many vehicles being recalled, it will take years to address the danger, and there will be far too many consumers that ignore the recall and continue to operate cars capable of throwing shrapnel at the driver or front passenger during an accident."   The New York Times has reported that defects from Takata airbags have led to 139 injuries, including 37 people who said air bags had exploded, and three who died.   The newspaper said one of the deaths, of someone driving a Honda Accord, "looked like a stabbing."  

Raw Materials

By steelguru ,2014-10-29 11:18:57

Some institutions had earlier expected China’ steel consumption peak to come in around 2018, but expectations have changed with the accelerating pace of transformation in Chinese economy. Mr Zhong Shaoliang, chief representative in Beijing Office of the World Steel Association, said that China's steel consumption is expected to peak in around 2015 amid economic transformation in the country.   Mr Zhong said that "Some consider the drop to be short term, but we tend to believe that it might be a trend given the current situation at home and abroad. China's steel demand growth will slow down significantly and even stagnate just in two years' time."   Chinese economy has entered a new normal state, shifting from high speed to mid to high speed growth, which will directly drag down steel consumption growth in the country. New normal also means that China will shift from investment-driven to consumption oriented economic development, while 50% of steel demand is related to investment and construction activity.   According to worldsteel data, crude steel production of China reached 779 million tonnes in 2013, ranking first. Data showed China's crude steel production rose 2.6% YoY to 550 million tonnes in the first eight months of this year. However, apparent consumption only hit 500 million tonnes after deducting net export volume, down 0.3% from a year ago, the first decline since 2000. China's steel capacity has exceeded 1.1 billion tonnes and excess capacity will further aggravate in the future amid decelerating demand growth, which will be a stern test for Chinese steel mills.

Company News

By Chris Reese ,2014-10-30 11:52:42

U.S. safety regulators do not expect Japanese auto parts maker Takata Corp (7312.T) to be able to fully supply replacement parts for millions of defective air bags until January or later, and urged Takata and the automakers it supplies to seek additional parts from other companies. The National Highway Traffic Safety Administration, which has come under fire for being too lax and slow in dealing with the defective air bags, also called on automakers to be ready to expand their recalls beyond the warm and humid regions believed to be the epicenter of the problem. The defective air bags, which can launch metal shards into car occupants, have been tied to at least four deaths and many serious injuries. They have triggered the recall of more than 10 million vehicles since 2008 by 10 different manufacturers.  true  Takata must boost production and even tap competitors to address demand while car makers must do much more to aid the recall effort, a top safety official said in letters to manufacturers. "More can and should be done as soon as possible to prevent any further tragedies," the agency's deputy director, David Friedman wrote to auto makers. Car makers should boost advertising to alert drivers of air bag dangers and offer loaner cars during repair, he said. He said car makers should even test Takata air bags themselves, as regulators keep studying why the safety device has been involved in so many mishaps. If test results indicate potential defects with inflators in other parts of the country, "you will need to act quickly to expand your recall," he wrote, also asking if the companies are seeking to buy replacement parts from other suppliers. Friedman will meet with Takata executives on Thursday and expects weekly updates on progress, the official wrote. Regulators reached out to General Motors, Nissan, Ford, BMW, Honda, Mazda, Chrysler, Mitsubishi, Subaru and Toyota. Separately on Thursday, lawmakers called for an independent review of NHTSA and asked whether the agency could do more to detect and snuff out design dangers. The agency briefed U.S. lawmakers earlier this week. The agency released summaries of three meetings with Takata and vehicle manufacturers over the past three months. The summaries indicate that an estimated 3.1 million inflators would need to be replaced as part of the regional recall announced in June. By September, that estimate had grown to 4.3 million inflators. In a letter to Takata Senior Vice President Kazuo Higuchi, NHTSA Deputy Director David Friedman demanded that Takata provide updated estimates of its ability to produce replacement parts and called on the Japanese firm to provide details about a program to test inflators "as soon as possible."  

Exibition & Association News

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.

By CFM ,2014-10-23 17:05:09

The three-day National Industrial Fastener & Mill Supply Expo had grandly opened today. And the first day is only for exhibitors to decorate their booths. ChinaFastener Magazine exhibited and brought the first-hand information back at scene. Las Vegas,  officially the City of Las Vegas and often known as simply Vegas, is the most populous city in the state of Nevada. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining and nightlife and is the leading financial and cultural center for Southern Nevada. It is famous for its mega casino–hotels and associated entertainment. The social security management is very reassuring as to attract tourists. The first-prize winner can even be accompanied to their residence by the police if he or she lives in the USA. Booth of ChinaFastener Magazine 1553 Most exhibitors arrived in the morning and began their decoration. The number of booths had increased in a great deal ,and so did the exhibition area. Journalists of www.chinafastener.com are also affected by the tight schedule and decorated the booth(1553) at once. Fast-Fix Tandl Special Rivet Jingjiang Hengfeng Zhejiang Qifeng Jiaxing Zhengying CFM with Fastener Technology More detailed report will be released tomorrow and we are extremely looking forward to the show. Concurrent Event Fastener Technology Workshop Presented by the Fastener Training Institute Wednesday, October 22, 2014 – 8:30 a.m. to 4:30 p.m. Industrial Fastener & Mill Supply Industry; CFO, Controllers, Credit & Accounts Receivable Managers Meeting Presented by the National Fastener Industry Financial Manager Network & the Business Credit Management Association (BCMA) Wednesday, October 22, 2014 – 9:00 a.m. – 3:00 p.m.Break for Lunch Conflict Minerals Reporting Requirements Presented byPacific-WestFastenerAssociation Wednesday, October 22, 2014 – 1:00 p.m. to 3:00 p.m. Women in the Fastener Industry (WIFI) Presents: What’s in Your Communications Toolbox? Sales Tools of the 21st Century: Social Media & You Wednesday, October 22, 2014 – 3:00 p.m. – 5:00 p.m. Attention Manufacturers: Working with Manufacturers’ Reps: It’s Not Just Business, It’s Personal Presented by Manufacturers’ Agents National Association(MANA) Thursday, October 23, 2014 – 1:00 pm to 2:00 p.m. Attention Manufacturers’ Reps: Line Card Profitability Analysis Presented by Manufacturers’ Agents NationalAssociation(MANA) Thursday, October 23, 2014 – 2:15 p.m. to 4:15 p.m. International Fastener Machinery &Suppliers Association(IFMSA)Oktoberfest Beer Party! Presented by IFMSA and its members in the Machinery & Tooling World area of the exhibit hall. Friday, October 24, 2014 – 11:00 a.m. – 1:00 p.m.  

Fastener News

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

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

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