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  • Global Fastener Trip 2017 - USA came to an end with a great success on Oct. 25th.

    Global Fastener Trip 2017 - USA came to an end with a great success on Oct. 25th.

    By CFM| 2017-11-02 00:00:00

    Global Fastener Trip 2017-- USA , organized by Chinafastener.com started on Oct. 16, and ended successfully on Oct. 25, 2017. The group visited International Fastener Expo, Fast-Rite, Magni, ND Industries, Ford Auto and Fastenal during these days and benefited a lot.The First Stop--International Fastener Expo On Oct. 18, ChinaFastener.com led a group of 15 Chinese companies' leaders to take part in the International Fastener Expo (Formerly NIFMSE) at Las Vegas Convention Center.The exhibition has attracted 723 exhibitors, mainly local US companies, such as BBI, EFC Internationl, etc. The number of Chinese exhibitors reached 175, a quarter of all exhibitors, including Jiangsu Washen, Zhejiang Xinchun, Zhejiang Sansega, Shanghai Fast-Fix, Shanghai Rivet Manufacturing, WAFIOS, Jiaxing Dazhe, Zhejiang Ansheng, Jiaxing Xingxin, BSC, Hangzhou Lizhan, Jiangsu Yagu and so on.The Second Stop--Fast-RiteOn the morning of Oct. 20, the group came to the headquarter of Fast Rite. Mr. Gerge, general manager of the company, and Mr. Howard, global procurement manager and other staffs welcomed the group with open arms.Based on the introduction, Fast Rite was founded in 1992, with its headquarter in Chicago, USA. It is mainly engaged in providing OEM service to top 300 company in the world. The company has advanced packaging machines, storage management technologies and fully-computerized labs. It uses SAP system to manage information and data to help clients to achieve Zero Inventories, improve their management and reduce manufacturing costs.As a famous company in Chicago, Fast Rite had thousands of chances to be listed on stock market, but Mr. Gerge control the company scale on purpase. He wanted to devote all their energy into their business and focus on every details and become a company with delicacy management equipped with SAP system.During the communication, Mr. Gerge answered questions from the group patiently and told the group how they can help their clients avoid the inventory risks and the development bottleneck and the future direction of Chinese fastener companies.The Third Stop -- MagniOn the morning of Oct. 23rd, the group drove to Magni in Detroit. The group was accorded a cordial reception by Mr. Matt and Mr. Eddie. Founded in 1974, the company was dedicated in R&D and manufasturing of high performance anticorrosion coating to extend the service life of products with its headquarter in Birmingham, USA. Except Africa, the company has set metal surface treatment and technology center all around the world and provide their service via service center in USA, China, Brazil and other counties. Its coating products have been used by more than 240 companies, with the top chemical technique and remarkable engineers to ensure the quality, concentration and service life of their coatings. Their products are mainly used in automotive fasteners, and the clients include General Motors, SVW, Ford Auto, etc.During the visit, Mr. Matt focused on the 500 series. The main fuction of the coating is anti-corrosion and to keep the stability of friction coefficiency. The company is very harsh about the raw materials and the coating includes first coat and top coat.After that, the group visited the exhaust system and drainage system of the company. Based on the introduction, Magni spends a lot in the maintanence of its waste gas filter, nealy 10,000 US dollars per month with the filtration rate about 87%.  The maintenance costs of its waste water processor is very high too. The processors will test and adjust the ingredient of the waste water. After sediment, they will discharge the clean water within the standard. They said that Chinese fastener companies were suffering the enviromental pollution which hinder the development of Chinese fastener industry. The high-tech and low-cost, zero-emission system of Magni was high praised by the group.The Fourth Stop -- ND IndustriesOn the afternoon of Oct. 23, the group drove to another famous company in USA--ND Industries.Based on the introduction, the company was founded in 1955, mainly engaged in anti-loose treatment of fasteners. It provides services to all around the world. Its mainly business is to apply various materials to fasteners and components to help fastener products to be locked, and sealed, etc. ND Industries has the top team of professionals and advanced labs and equipment. It provides customized service and manufacture products based on clients requirements to satisfy the expectation of its clients.Mr. Ted led the group to visit their chemical department, packaging department, R&D department and machine department. The Five Stop -- Ford Industry & Fasteal On the morning of Oct. 25, the group came to visit Ford Auto and its processing line.After that, the group came to a physical store of Fastenal to investigate the US hardware market. We could see that in USA, there was seldom a hugh hardware wholesale market but more small hardware markets. All kinds of hardwares like fasteners and tooling have been displayed clear and in order which is different from hardware shops in China.Source: Chinafastener.com
  • Global Fastener Trip 2017 - Germany ended with a great success on Oct. 21st.

    Global Fastener Trip 2017 - Germany ended with a great success on Oct. 21st.

    By CFM| 2017-10-31 00:00:00

    Global Fastener Trip 2017 - Germany, an 8-day business trip, organized by Zwick/Roell Group and Schatz, co-organized by ChinaFastener.com, started on Oct. 14th and ended on Oct. 21st with a great success. During the business trip, reporter of ChinaFastener.com with a group of Chinese fastener companies' leaders visited Zwick TestXpo,  WAFIOS, SCHATZ and IFU. The wonderful experience has impressed the group a lot.On Oct.16, led by Mr. Gui, manager of Zwick, the group came to the first station of the journey -- headquarter of Zwick to take part in Zwick TestXpo -- International Forum for Materials Testing. Our reporter said, the forum has attracted more than 2000 visitors from all over the world on the first day, of which more than 60 were Chinese visitors, formed by four groups. Chinese visitors were interested in the latest machines for materials tensile, fatigue, high temperature, tightening and fixing. They questioned and argued with each other. Photo of the ForumThe forum shown the biggest high frequency fatigue testing machine which weighs 1 ton, with the fastest testing frequency 150Hz, and is used in fatigue testing of bolts. The machine can complete 1 million times testing within 8 hours but the power consumption is equal to that of airconditioner. The machine will be put to use in Chongqing University at the end of this year.Photo of the machine exhibited at the ForumBesides exhibition of machines, the organizer invited Prof. Dr. Qing Zhou from Tsinghua University, to address with the topic "Vehicle Safety in Age of Electric Vehicle and Smart Traffic" to promote the cooperation and development of fastener industry between China and Germany.Photo of the guestsOn the morning of Oct. 19, the group came to the second stop of the business trip. Mr. Martin Hoffmeier, general sales manager of WAFIOS (China) introduced the company and products to the group and led the group to visit their factory.Photo of the group with Mr. Martin HoffmeierAs an Germany company with a long history, WAFIOS has dedicated to the R&D and manufacturing of fastener machines. Their machines can produce bolts with diameters from 0.6mm-33mm, applicable to carbon steel and SS steel. The bolts can be used in architecture, aerospace, medical, auto, military and other high-end industries.Based on the introduction, its machines are famous for high manufacturing speed, durable and steady. For example, its HC4/HC800/HC6 cold formers can produce 800 bolts per minute. Only with regular maintainance, the machine can keep running for 24 hours per day everyday with low failure rate. Now, the first machines in China has completed and will be used soon.Mr. Martin said, their company was optimistic about Chinese market and they would like to get more information about Chinese market through the communication and they believe that their products can greatly improve the manufacturing efficiency of Chinese fastener companies.The third stop of the trip was Schatz group on the afternoon of Oct. 19. As a expert on bolt testing, Schatz has devoted itself to provide high-quality solutions of fixing and and assembly of bolts. After 50-year development, the company has become one of the biggest bolts assembly companies with advanced technologies. Their products include SchatzINSPECT, Schatz ANALYSE and other softwares and related services which can inspect and maintain the quality during the processing of bolts, to improve the control and management of manufacturing.Mr. Wilfried, sales manager of the company gave the group a detailed introduction of their proud products and answered questions of the group members. After the introduction, he led the group to visit Schatz Test Center. The group knew more about the products of Schatz after the detailed introduction of a tester of the company.On the morning of Oct. 20th, the trip came to an end on IFU.IFU was founded on December of 1989, mainly engaged in R&D of bolt manufacturing technologies and cultivation of technicists.Under the leading of IFU director, the group was divided into two groups to visit the technologies training to see the manufacturing process of bolts. The members were interested in a screws testing machine independently developed by IFU. They discussed about the operation, fuction and testing technologies deeply.Source: Chinafastener.com
  • 2017 Korea Metal Week was inaugurated on Oct. 24th in the Capital of South Korea

    2017 Korea Metal Week was inaugurated on Oct. 24th in the Capital of South Korea

    By CFM| 2017-10-26 00:00:00

    On Oct. 24th, 2017 Korea Metal Week kicked off at Kinex, Seoul, South Korea. The 4-day expo includes 11 exhibitions, such as 18th Fastener & Wire Korea, 13th Die Casting & Foundry Korea, 11th Automobile & Machine Parts Korea, 17th Press & Forging Korea, 18th Tube • Pipe Korea, 5th Metal Surface Treatment & Painting Korea, 4th 3D Technology Korea, 5th SAMPE Korea 2017 & KOREA Composite Show, 3rd Aluminum Korea, 2nd Laser & Welding Korea, 1st Pump Techlology Industry Korea. Based on the introduction, the exhibition covered an area of 21384 square meters, and attracted 396 exhibitors from 26 countries to take part in the event, of which 15 were Chinese companies. Exhibitors included metal components manufacturing companies, equipment manufacturing companies, etc. relating to automotives, eletronics, architecture and other industries. What's more, during the exhibition, there were several seminars such as Global Fastener Conference 2017.Jiangsu WashenHangzhou LizhanBSCOur reporter said that products exhibited at the show were mainly bolts, nuts, formers, wire, materials, etc. On the first day, there were not so many visitors but based on the previous show, the number of visitors was expected to increase day by day and peaked on the 3rd day. Mr. Adam Prett, president of National Fastener Distributor Association and Dr. Volker Lederer were invited to the exhibition and take part in the Global Fastener Conference 2017 to discuss the fastener industry and market in North America and Europe. Photo of reporter of ChinaFastener.com (right) with the organizer (left)Based on data of Korea Customs, South Korea has imported 143 million kg from China in 2016, occupied 82.57% of the total imported fastener quantity of South Korea in 2016. We could see that China and South Korea has close trade ties in fastener industry.      As the media partner of the exhibition, reporter of Chinafastener.com came to the exhibition with the latest issue of ChinaFastener Magazine. The magazine attacted many buyers to our booth.
  • The International Fastener Expo (Formerly NIFMSE) kicked off on Oct. 18 at Las Vegas Convention Center

    The International Fastener Expo (Formerly NIFMSE) kicked off on Oct. 18 at Las Vegas Convention Center

    By CFM| 2017-10-20 00:00:00

    The International Fastener Expo (formely International Industrial Fastener & Mill Supply Expo) kicked off at Las Vegas Convention Center on Oct. 18. Based on the organizer, the largest B2B of industrial fasteners and tooling & machinery in North America was extended to three days this year from Oct. 17 to 19, but in fact, the actual opening day was Oct 18 and ended on Oct. 19. What's more, the event was moving from the Sands Expo & Convention Center to the Las Vegas Convention Center. As the media partner of the show, ChinaFastener.com led a group of 13 Chinese fastener companies' leaders exhibiting at the show with the latest issue of ChinaFastener Magazine. Photo of ChinaFastener.com Global Fastener Trip USABased on the official data, the exhibition has attracted 723 exhibitors, 28 less than the number of previous show. Most of the exhibitors were US-based companies, including Copper State Bolt & Nut, EFC International, etc. Exhibitors from China, Taiwan, India and South Korea came to the show as three groups. Various kinds of products were being shown at the event, including fasteners, machinery & tools, precision formed parts, etc.Among the exhibitors, 175 companies were from mainland China, near a quarter of the total exhibitors, such as Jiangsu Washen, Zhejiang Xinchun, Dongtai QB, Haiyan Guangda, Haiyan Jinniu, Hangzhou Lizhan, Jiaxing Dazhe, Jiaxing Xingxin, Jiaxing Zhengying, Ningbo Jinding, Shanghai Fast-fix, Shanghai Rivet, Zhejiang Ansheng, BSC, Beijing Jinzhaobo, Jiangsu Yagu, Shanghai Finefix, Dongguan Grand Metal, Foshan Guangqingchang, Zhejiang Sansega, Wafios, etc. Most of the Chinese companies were from Zhejiang, Jiangsu, and Shanghai, and few of them were from Guangdong. These companies were mainly engaged in finished products manufacturing and several were machine manufacturers.Jiangsu WashenZhejiang XinchunWafiosShanghai FinefixFoshan GuangqingchangBSCHaiyan GuangdaHaiyan JinniuJiaxing XingxinZhejiang SansegaShanghai Fast-Fix As the biggest industrial exhibition in North America, though the number of exhibitors was less than that of the previous show in 2016, more visitors were attracted than before. Professional purchasers came from many countries such as USA, Mexico, Japan, Canada, etc. Many purchasers were willing to purchase products from Zhejiang, China and the demand will increase in the future. Most of exhibitors were satisfied about the exhibition.Based on the data of US Census Bureau, US has imported $ 4.53 billion fasteners in 2016, down 9.05%. From China, the country imported near 1 billion US dollars fasteners, occupied 22.17% of the total imported in 2016. We can see that US has a large demand for fasteners specially from China and Taiwan.As a media, the latest issue of ChinaFastener Magazine has attracted many purchasers.Moreover, our group will visit Magni, ND industries and Fast-Rite after the end of event to make a market survey of US fastener industry.Magni at the eventND Industries at the eventSource: ChinaFastener.com

Industry Activities

By CFM ,2017-10-31 00:00:00

Global Fastener Trip 2017 - Germany, an 8-day business trip, organized by Zwick/Roell Group and Schatz, co-organized by ChinaFastener.com, started on Oct. 14th and ended on Oct. 21st with a great success. During the business trip, reporter of ChinaFastener.com with a group of Chinese fastener companies' leaders visited Zwick TestXpo,  WAFIOS, SCHATZ and IFU. The wonderful experience has impressed the group a lot.On Oct.16, led by Mr. Gui, manager of Zwick, the group came to the first station of the journey -- headquarter of Zwick to take part in Zwick TestXpo -- International Forum for Materials Testing. Our reporter said, the forum has attracted more than 2000 visitors from all over the world on the first day, of which more than 60 were Chinese visitors, formed by four groups. Chinese visitors were interested in the latest machines for materials tensile, fatigue, high temperature, tightening and fixing. They questioned and argued with each other. Photo of the ForumThe forum shown the biggest high frequency fatigue testing machine which weighs 1 ton, with the fastest testing frequency 150Hz, and is used in fatigue testing of bolts. The machine can complete 1 million times testing within 8 hours but the power consumption is equal to that of airconditioner. The machine will be put to use in Chongqing University at the end of this year.Photo of the machine exhibited at the ForumBesides exhibition of machines, the organizer invited Prof. Dr. Qing Zhou from Tsinghua University, to address with the topic "Vehicle Safety in Age of Electric Vehicle and Smart Traffic" to promote the cooperation and development of fastener industry between China and Germany.Photo of the guestsOn the morning of Oct. 19, the group came to the second stop of the business trip. Mr. Martin Hoffmeier, general sales manager of WAFIOS (China) introduced the company and products to the group and led the group to visit their factory.Photo of the group with Mr. Martin HoffmeierAs an Germany company with a long history, WAFIOS has dedicated to the R&D and manufacturing of fastener machines. Their machines can produce bolts with diameters from 0.6mm-33mm, applicable to carbon steel and SS steel. The bolts can be used in architecture, aerospace, medical, auto, military and other high-end industries.Based on the introduction, its machines are famous for high manufacturing speed, durable and steady. For example, its HC4/HC800/HC6 cold formers can produce 800 bolts per minute. Only with regular maintainance, the machine can keep running for 24 hours per day everyday with low failure rate. Now, the first machines in China has completed and will be used soon.Mr. Martin said, their company was optimistic about Chinese market and they would like to get more information about Chinese market through the communication and they believe that their products can greatly improve the manufacturing efficiency of Chinese fastener companies.The third stop of the trip was Schatz group on the afternoon of Oct. 19. As a expert on bolt testing, Schatz has devoted itself to provide high-quality solutions of fixing and and assembly of bolts. After 50-year development, the company has become one of the biggest bolts assembly companies with advanced technologies. Their products include SchatzINSPECT, Schatz ANALYSE and other softwares and related services which can inspect and maintain the quality during the processing of bolts, to improve the control and management of manufacturing.Mr. Wilfried, sales manager of the company gave the group a detailed introduction of their proud products and answered questions of the group members. After the introduction, he led the group to visit Schatz Test Center. The group knew more about the products of Schatz after the detailed introduction of a tester of the company.On the morning of Oct. 20th, the trip came to an end on IFU.IFU was founded on December of 1989, mainly engaged in R&D of bolt manufacturing technologies and cultivation of technicists.Under the leading of IFU director, the group was divided into two groups to visit the technologies training to see the manufacturing process of bolts. The members were interested in a screws testing machine independently developed by IFU. They discussed about the operation, fuction and testing technologies deeply.Source: Chinafastener.com

By Laurence Frost, Agnieszka Flak ,2017-09-14 09:57:46

Talks have become bogged down in recent weeks, with the EU's chief negotiator saying not enough progress had been made to begin discussing a free trade dealDeepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday.Early Government assurances that free trade with the European Union would survive Britain's departure have been replaced by talk of transition periods, Toyota executive vice president Didier Leroy told Reuters."A few months ago the UK Government was saying, 'We're sure we'll be able to negotiate (a deal) without any trade tax,'" Leroy said in an interview at the Frankfurt car show. "They are not saying that any more."He added: "It's clear that if we have to wait two to three more years to have a clarity on this topic, we will have a big question-mark about our future investment in the country."Brexit talks have become bogged down in recent weeks, with the EU's chief negotiator saying not enough progress had been made to begin discussing a free trade deal, amid differences over the size of the "divorce settlement" London should pay. Britain's car industry is increasingly anxious that its exports could face tariffs and other barriers after 2019.PSA Group boss Carlos Tavares sounded an impatient note on Tuesday, saying Brexit uncertainties were complicating integration with Opel and its British Vauxhall plants, acquired by the Peugeot maker from General Motors."Until we have more visibility on the trade dimension it's very hard to define a strategy," Mr Tavares said in Frankfurt.Jaguar Land Rover, Britain's biggest automaker, also warned last week that Brexit was already deterring EU workers and suppliers.Toyota announced plans in March to begin upgrading its Burnaston plant in central England in preparation for future models at a cost of £240m, after receiving written assurances from London.But Mr Leroy, Toyota's top foreign executive, said the company could not wait indefinitely before deciding whether to build a new model at the site after production of the ageing Avensis model ends. Burnaston also builds the smaller Auris."We cannot take this kind of decision before we have clarity on the future trade relationship," said Mr Leroy."We will not close the plant tomorrow morning, but if in two to three years we have to decide some future investments, of course the key point will be the competitiveness of this plant in future."Mr Leroy declined to say how much of the upgrade funds had already been spent, stressing that considerably larger sums would be needed to launch production of any new vehicles.Without further investment, Burnaston's output "will probably start to decline before we will be able to take a decision," Mr Leroy said. "The longer we have to wait, the more potential there is to move to another factory."He added: "We will not postpone a new product for three more years just because the negotiation is going to take three more years. So really there's a strong need for us to have clarity as quickly as possible."Source: www.independent.co.uk

By Mengjie ,2017-09-11 10:51:29

On Sept. 6, the U.S. Commerce Department on Wednesday launched anti-dumping and countervailing duty investigations against imports of stainless steel flanges from China and India, the latest trade protectionist move by the Trump administration.The investigations were initiated based on petitions filed by the Coalition of American Flange Producers and its two members, the department said in a statement.They alleged that Chinese and Indian producers were dumping stainless steel flanges in the U.S. market with margins ranging from 78.49 percent to 257.11 percent.They also claimed that the governments of China and India were providing "unfair" subsidies to domestic producers of stainless steel flanges, the department said.The U.S. International Trade Commission (ITC), another U.S. trade authority, is scheduled to make its preliminary inquiry determinations around Oct. 2.The probe will continue if the ITC determines that there is a reasonable indication that imports of stainless steel flanges from these two countries materially injure or threaten the domestic industry of the United States.In 2016, imports of these products from China and India were estimated at about 16.3 million U.S. dollars and 32.1 million dollars, respectively, according to the department.The Trump administration has initiated 62 anti-dumping and countervailing duty investigations so far this year, up 41 percent year-on-year, the department said.China's Ministry of Commerce has kept urging Washington to abide by its commitment against protectionism and help maintain a free, open and just international trade environment.Source: Xinhuanet

Raw Materials

By REUTERS ,2017-11-08 10:09:40

Iron ore futures in China rallied to their highest in nearly six weeks on Tuesday, extending recent gains along with steel prices, although steel production curbs over winter suggest further price increases in the raw material may be limited.Chinese cities have ordered their steel mills to cut output from this month through March as part of Beijing's campaign to fight smog. Some cities, including top steelmaker Tangshan, have already enforced cuts since October.That has helped tighten steel supply in China, the world's biggest producer, pushing up prices of the building material. The utilisation rate at blast furnaces across China's mills fell to 70.99% last week, the lowest since at least 2012, data from Mysteel consultancy showed.The most-active rebar on the Shanghai Futures Exchange closed up 0.8% at 3 753 yuan ($567) a tonne, after touching a two-week peak of 3 794 yuan.Iron ore on the Dalian Commodity Exchange jumped as far as 475 yuan per tonne, its loftiest since Sept. 28. It closed 3.2% higher at 469 yuan. Coke climbed 3.7% to 1 831 yuan a tonne and coking coal gained 2.6% to 1 185 yuan."Worsening weather conditions in northern China have resulted in more cities implementing steel mill closures," ANZ analysts said in a note."With steel output likely to fall, traders are now worried about the strain on already low inventories around the country."But a Shanghai-based iron ore trader believes the price gains in iron ore and other steelmaking ingredients may not be sustained as more mills curb output as winter approaches."My colleague just went around Tangshan last week and while some production cuts haven't happened yet, the mills already have plans to reduce output individually," the trader said.Still, stronger futures have lifted spot iron ore prices.Iron ore for delivery to China's Qingdao port soared 5.8% to $63.36 a tonne on Monday, its strongest level since Sept. 27, according to Metal Bulletin.That marked the largest single-day spike since July 31 for the spot benchmark, which has already risen more than 8% from a four-month trough reached last week. Source: Reuters

By CFM ,2017-10-26 00:00:00

On Oct. 24th, 2017 Korea Metal Week kicked off at Kinex, Seoul, South Korea. The 4-day expo includes 11 exhibitions, such as 18th Fastener & Wire Korea, 13th Die Casting & Foundry Korea, 11th Automobile & Machine Parts Korea, 17th Press & Forging Korea, 18th Tube • Pipe Korea, 5th Metal Surface Treatment & Painting Korea, 4th 3D Technology Korea, 5th SAMPE Korea 2017 & KOREA Composite Show, 3rd Aluminum Korea, 2nd Laser & Welding Korea, 1st Pump Techlology Industry Korea. Based on the introduction, the exhibition covered an area of 21384 square meters, and attracted 396 exhibitors from 26 countries to take part in the event, of which 15 were Chinese companies. Exhibitors included metal components manufacturing companies, equipment manufacturing companies, etc. relating to automotives, eletronics, architecture and other industries. What's more, during the exhibition, there were several seminars such as Global Fastener Conference 2017.Jiangsu WashenHangzhou LizhanBSCOur reporter said that products exhibited at the show were mainly bolts, nuts, formers, wire, materials, etc. On the first day, there were not so many visitors but based on the previous show, the number of visitors was expected to increase day by day and peaked on the 3rd day. Mr. Adam Prett, president of National Fastener Distributor Association and Dr. Volker Lederer were invited to the exhibition and take part in the Global Fastener Conference 2017 to discuss the fastener industry and market in North America and Europe. Photo of reporter of ChinaFastener.com (right) with the organizer (left)Based on data of Korea Customs, South Korea has imported 143 million kg from China in 2016, occupied 82.57% of the total imported fastener quantity of South Korea in 2016. We could see that China and South Korea has close trade ties in fastener industry.      As the media partner of the exhibition, reporter of Chinafastener.com came to the exhibition with the latest issue of ChinaFastener Magazine. The magazine attacted many buyers to our booth.

By Ying ,2017-10-19 11:25:15

TOKYO, Oct. 17 (Xinhua) -- Kobe Steel Ltd. said Tuesday that it has been asked by the U.S. government to submit documents related to a data fabrication scandal which has engulfed Japan's third largest steelmaker.The company said in a statement that its subsidiary Kobe Steel USA, Inc. had been asked by the U.S. Justice Department to submit documents related to products sold to U.S. customers that had been subjected to data fabrication.Local media said the investigations could lead to congressional hearings in the United States as similar hearings were held regarding Tak0ata Corp.'s problematic airbags, which were blamed for more than a dozen deaths.It came to light earlier this month that Kobe Steel had fabricated data on strength and durability of some of its aluminum and copper products.The company later admitted to also falsifying inspection data on iron powder and nine other products, with affected products sold to some 500 companies globally.The misconduct ensnared a wide range of Japanese manufacturers, with problematic products used in cars, aircraft, Shinkansen bullet trains and even rockets and defense equipment.According to a survey of Teikoku Databank Ltd. released on Monday, however, the scandal is expected to affect more companies as Kobe Steel has over 6,000 business clients in Japan.Meanwhile, international corporations including General Motors Co., Ford Motor Co., Airbus and Boeing Co. were also reportedly investigating whether they used any of affected materials.Kobe Steel Ltd. Chairman and President Hiroya Kawasaki said last week that the results of safety inspections on shipped products would be made within two weeks and details of the firm's response to products undergoing false inspection data would also be given.He added the root cause of the extensive scandal, that has affected auto giants such as Toyota, Mazda and General Motors, would also be made known within a month.The company said on Tuesday that the impact of the data falsification scandal on its earnings was still unknown.Since the scandal was revealed on Oct. 8, the company's market value has been wiped off for over 40 percent."The scandal would also impact the economy of Japan's Kansai region" where the embattled steelmaker and many of its clients are headquartered, said Masayoshi Matsumoto, head of Kansai Economic Federation on Monday.The scandal followed a series of similar improprieties recently in Japan, with Japan's Nissan Motor Co. saying earlier this month that it will recall more than 1.2 million vehicles which underwent flawed safety inspections.The scandals have cast doubts over corporate governance in the manufacturing industry and beyond in Japan, raising concerns over the quality of the "Made in Japan" brand.Source: Xinhua

Company News

By CFM ,2017-11-08 00:00:00

Expo F, International Trade Show for Hardware, Tools, Fasteners & Metalworking in Latin America & the Caribbean, has successfully held its first edition from 24 to 26 October, 2017 at ATLAPA Convention Center, Panama. The industry has acclaimed the event, and confirmed its support for the coming editions.Photo of the exhibition (Source: www.expo-f.com)Covering over 4,000 sq.m, Expo F 2017 displayed more than 200 brands from 11 countries/regions: China, Costa Rica, France, India, Italy, Mexico, Panama, Spain, United Kingdom, United States, and Taiwan. A wide range of exhibits including innovative products and cutting edge technologies on hardware, tools, fasteners & metalworking categories were showcased by international and local exhibitors who praised the event.Among the 200 brands, the booth of a famous Chinese company has attracted many visitors -- Cixi Jingeng Fastener Co., Ltd.Booth of Cixi Jingeng (Booth: C02)Photo of Mr. Wei Qiang, China's first ambassador (left) to Panama and Mr. Gao, president of Cixi Jingeng (right)Based on the introduction, Cixi JinGeng is a private enterprise engaging in all kinds of fasteners--- expansion series fasteners, bolts, nuts and sorts of non-standard parts. It manages expansion series products including drop in anchors, wedge anchors, sleeve anchors, hollow wall anchors, and metal frame anchors,etc. Nuts like hexagonal nuts, hexagonal long nuts, flange nuts,cap nuts,nylon lock nuts...are still within its product range. Products of Cixi Jingeng (Photo from www.jingeng.chinafastener.com)The company also sells various bolts, such as hexagonal nuts, carriage bolts, flange bolts and so on. All these products are made in accordance with such standards as DIN, JIS, ANSI, ISO, BS, GB, avaliable with material from carbon steel, stainless steel, alloy steel to brass. At the same time, it could make a variety of non-standard parts based on customers’ drawings.Products of Cixi Jingeng (Photo from www.jingeng.chinafastener.com)Under the guide of the business principle”providing best service”, the company has made remarkable achievements with the persistent efforts of all employees. It owns a excellent team, all of whom have both professional trade knowledge and good operation ability. It could not only provide customer with international logistic solutions, but also are able to help overseas customers who aim to develop Chinese market find source of goods , inspecting goods, clearing custom and solving all procedures during import and export.Its purpose is "To gain your trust and support with our sincerity and excellent service", thus achieve mutual benefits and win-win business relations.More information of the company, please visit: www.jingeng.chinafastener.com

By Würth Industry North America ,2017-11-07 09:00:48

Würth Industry North America (WINA) is strengthening its structural fastening portfolio and has acquired Weinstock Bros., Inc. in Valley Stream, Ny. Weinstock Bros. serves the needs of some of the world’s leading steel fabricators and erectors.Weinstock Bros. — with more than a century of experience — has earned the reputation of a go-to supplier and specializes in supplying high strength structural bolts, tools and equipment for some of the most demanding structural steel building and bridge construction projects. Over the years, Weinstock Bros. has become a leading and reliable resource within the construction industry and has grown to be a major force in the structural fastener business. The company’s products hold together some of the most iconic structures in the world, including Freedom Tower, Goethals Bridge, Atlanta Falcon’s Mercedes-Benz Stadium, the Verrazano Bridge, Yankee Stadium and more.The transaction is the fifth in three years for WINA and represents a unique and significant opportunity to enhance growth across North America — advancing the company’s strategic focus. "I am delighted to have Marc Strauss, Nick Junjulas, and the entire team at Weinstock Bros., Inc. join the WINA group. Their expertise in the construction fastener industry compliments that of Würth House of Threads based in Birmingham, and promotes continual growth for the WINA team within this specific industry," said Marc Strandquist, Executive Vice President of the Würth Group.With Würth House of Thread’s strong presence in the U.S. Southeast region and Central Mexico, and Weinstock Bros., Inc., located in the Northeast U.S., the acquisition will strengthen WINA’s long-term logistics strategy. The combination is also expected to enable further specialization in the construction market — where both parties have excellent name recognition.“We are honored and excited to join the Würth family. Their global resources and complementary product lines make them a great partner to help Weinstock Bros., Inc. better serve our valued customers in the Northeast and elsewhere in the United States and internationally,” said Marc Strauss, President of Weinstock Bros., Inc.Source: Würth Industry North America

Exibition & Association News

By CFM ,2017-11-02 00:00:00

Global Fastener Trip 2017-- USA , organized by Chinafastener.com started on Oct. 16, and ended successfully on Oct. 25, 2017. The group visited International Fastener Expo, Fast-Rite, Magni, ND Industries, Ford Auto and Fastenal during these days and benefited a lot.The First Stop--International Fastener Expo On Oct. 18, ChinaFastener.com led a group of 15 Chinese companies' leaders to take part in the International Fastener Expo (Formerly NIFMSE) at Las Vegas Convention Center.The exhibition has attracted 723 exhibitors, mainly local US companies, such as BBI, EFC Internationl, etc. The number of Chinese exhibitors reached 175, a quarter of all exhibitors, including Jiangsu Washen, Zhejiang Xinchun, Zhejiang Sansega, Shanghai Fast-Fix, Shanghai Rivet Manufacturing, WAFIOS, Jiaxing Dazhe, Zhejiang Ansheng, Jiaxing Xingxin, BSC, Hangzhou Lizhan, Jiangsu Yagu and so on.The Second Stop--Fast-RiteOn the morning of Oct. 20, the group came to the headquarter of Fast Rite. Mr. Gerge, general manager of the company, and Mr. Howard, global procurement manager and other staffs welcomed the group with open arms.Based on the introduction, Fast Rite was founded in 1992, with its headquarter in Chicago, USA. It is mainly engaged in providing OEM service to top 300 company in the world. The company has advanced packaging machines, storage management technologies and fully-computerized labs. It uses SAP system to manage information and data to help clients to achieve Zero Inventories, improve their management and reduce manufacturing costs.As a famous company in Chicago, Fast Rite had thousands of chances to be listed on stock market, but Mr. Gerge control the company scale on purpase. He wanted to devote all their energy into their business and focus on every details and become a company with delicacy management equipped with SAP system.During the communication, Mr. Gerge answered questions from the group patiently and told the group how they can help their clients avoid the inventory risks and the development bottleneck and the future direction of Chinese fastener companies.The Third Stop -- MagniOn the morning of Oct. 23rd, the group drove to Magni in Detroit. The group was accorded a cordial reception by Mr. Matt and Mr. Eddie. Founded in 1974, the company was dedicated in R&D and manufasturing of high performance anticorrosion coating to extend the service life of products with its headquarter in Birmingham, USA. Except Africa, the company has set metal surface treatment and technology center all around the world and provide their service via service center in USA, China, Brazil and other counties. Its coating products have been used by more than 240 companies, with the top chemical technique and remarkable engineers to ensure the quality, concentration and service life of their coatings. Their products are mainly used in automotive fasteners, and the clients include General Motors, SVW, Ford Auto, etc.During the visit, Mr. Matt focused on the 500 series. The main fuction of the coating is anti-corrosion and to keep the stability of friction coefficiency. The company is very harsh about the raw materials and the coating includes first coat and top coat.After that, the group visited the exhaust system and drainage system of the company. Based on the introduction, Magni spends a lot in the maintanence of its waste gas filter, nealy 10,000 US dollars per month with the filtration rate about 87%.  The maintenance costs of its waste water processor is very high too. The processors will test and adjust the ingredient of the waste water. After sediment, they will discharge the clean water within the standard. They said that Chinese fastener companies were suffering the enviromental pollution which hinder the development of Chinese fastener industry. The high-tech and low-cost, zero-emission system of Magni was high praised by the group.The Fourth Stop -- ND IndustriesOn the afternoon of Oct. 23, the group drove to another famous company in USA--ND Industries.Based on the introduction, the company was founded in 1955, mainly engaged in anti-loose treatment of fasteners. It provides services to all around the world. Its mainly business is to apply various materials to fasteners and components to help fastener products to be locked, and sealed, etc. ND Industries has the top team of professionals and advanced labs and equipment. It provides customized service and manufacture products based on clients requirements to satisfy the expectation of its clients.Mr. Ted led the group to visit their chemical department, packaging department, R&D department and machine department. The Five Stop -- Ford Industry & Fasteal On the morning of Oct. 25, the group came to visit Ford Auto and its processing line.After that, the group came to a physical store of Fastenal to investigate the US hardware market. We could see that in USA, there was seldom a hugh hardware wholesale market but more small hardware markets. All kinds of hardwares like fasteners and tooling have been displayed clear and in order which is different from hardware shops in China.Source: Chinafastener.com

By CFM ,2017-10-27 00:00:00

China·Jiaxing Fastener Industry Expo & Hardware, Mechanical and Electrical Products, Tools and Machine Tools Docking Conference was held successfully during Oct. 19 to 20, 2017 at International Exhibition Center, Jiaxing, Zhejiang, China.Photo of the exhibition (Source: www.0086jgj.cn)The two day event was jointly held by China Chamber of Commerce for Import and Export of Machinery and Electronic Products and People's Government of Jiaxing. The expo is the only international exhibition in Jiaxing, the famous fastener base in China. It has been held for six times. Based on the introduction, the expo covered an area of about 13,000 square meters, with 546 standard booths, up 26% vesus previous exhibition last year. It has attracted 321 exhibitors, of which 8 were intenational companies. Exhibitors has brought various products to the exhibition, such as standard fasteners, high-end fasteners and non-standard fasteners, machines and tools. More than 5000 visitors were attracted to the show, with more than 400 international purchasers from 80+ countries and regions, such as USA, Russia, Japan, India, etc.Among the 321 exhibitors, Jiaxing Relia Hardware Co., Ltd. was one of the most famous and professional suppliers (Booth B12). They exhibited a great diversity of fasteners at the exhibition, such as bolts, screws, nuts, etc.Jiaxing Relia Hardware at the exhibitionExhibited ProductsAbout Jiaxing Relia Hardware Co., LtdJiaxing Relia Hardware Co., Ltd is a professional supplier in hardware with many years experience. Its factory has quite convenient transportation, which is about 80km far from Shanghai,70km far from Hangzhou.Logo of Jiaxing Relia HardwareIts hardwares are mainly used in railway, road, bridge, tunnel projects, steel structure factory houses, high- rise buildings, and aircraft storehouse. It has more than 10 years’ experience in export and its good reputation among customers and business partners has contributed to quick development and expansion of business relationships worldwide.What's more, the company has achieved annual sales vulume of 5 million US dollars. In order to meet the market requirements, it keeps developing new technology. Its goods have been supplied to famous international construction material suppliers in America, Europe and the Middle East.Taking honesty as foundation and making success by quality is its striving goal. For more information of the company, please visit www.relia.chinafastener.comSource: Chinafastener.com

Fastener News

By RAKHI MAZUMDAR, ET BUREAU ,2017-04-28 09:37:50

KOLKATA: Domestic steel production is expected to remain high in the current year 2017-18 and is likely to rise by around 8-10%, an industry research report by CARE Ratings has said. However, steel prices may rise going forward as steel producers are expected to face increased cost pressure due to supply disruption and a steep surge in coking coal prices on account of Cyclone Debbie in Australia. The latter accounts for around 70% of India’s coking coal requirements that are fulfilled through imports. Sharing its outlook for steel industry in the current year, the latest report by the agency said government allocation for infrastructure in the union budget 2017-18 is expected to act as driver for construction and infrastructure in the country. Additionally, the National Steel Policy 2017 also aims to raise steel production the report pointed out. A number of steps by the government are likely to increase domestic steel consumption and thereby production it said. It includes Pradhan Mantri Awas Yojana, Make in India campaign, encouraging use of Made in India steel for various projects and spending in areas like railways, roads and urban development. Domestic producers are also increasing steel producing capacities expecting an increase in demand for steel of account of several initiatives taken by the government. Incidentally, India’s crude steel production grew by 4-5.5% during financial years 2012-14 on year on year basis. It stood at 81.69 million tonne (mt) in 2013-14 and 81.69 mt in 2012-13, while output grew 8.9% to 988.98 mt in 2014-15. In 2015-16 it saw a subdued growth and went up marginally by 0.89% to 89.78 mt, before gaining momentum and rising 9.4% to 89.11 mt in April 2016-Feb 2017 as steel producers raised output backed by government’s strong measures like Minimium Import Price to rein in cheaper imports.Source: The Economic Times

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