By CFM| 2015-07-13 00:00:00
By CFM| 2015-07-01 00:00:00
By CFM| 2015-06-27 00:00:00
By CFM| 2015-04-28 10:59:07
By MDM ,2015-08-24 15:23:07
Fastener sales in July were weaker than in June, according to a report from the National Fastener Distributors Association. The Fastener Distributor Index for July totaled 49.8. Sequential declines in sales, employment, and pricing were noted among survey participants, while six-month expectations appear to have modestly improved versus the prior reading. The FDI is a monthly survey of NorAm fastener distributors, conducted with the FCH Sourcing Network and the NFDA. As a diffusion index, figures above 50 signal strength, while readings below 50 signal weakness. Fifty-four percent of respondents stated July fastener sales were weaker than June. Of the items measured (sales, employment, delivery times, inventories and customer inventories) weaker top-line sentiment stood out. However, 50 percent of survey respondents in July indicated a favorable outlook for expected North American activity levels in six months, the highest monthly figure since February (55 percent), and a solid uptick from June (42 percent). According to the report, the results are consistent with slowing year-over-year sales from Fastenal (+3.2 percent in July versus a five year average of +13.5 percent), Grainger (+1 percent in June) and MSC (estimated +2.2 percent in June, versus +7.6 percent last year).
By CFM ,2015-08-14 14:02:59
Recently, over 30 fastener enterprises in Jiangsu Province gathered to discuss the issues of establishing the Jiangsu Fastener Industry Association. During the discussion, enterprises attending this discussion agreed that as one of the top manufacturing provinces of machinery, and equipments, etc, Jiangsu Province still has its weak side—the fastener industry in Jiangsu is encountering a series of difficulties. These include the low-end fasteners, low industrial integration, unadvanced technology, high labor cost and overstocked products, etc. To unite and establish the fastener industry association turned to be the only solution for breaking through the difficulties. Through discussion, it was decided to hold the inaugural meeting in October, 2015 since the committee members and the details of association regulation weren’t set by far.
By CFM ,2015-08-11 00:00:00
This year, the economic operation of machinery industry is facing biggish difficulties, hitting a new record low on the growth speed of major economic indicators since global economic crisis. The steady growth of machinery industry is undergoing a great threat. Based on the performance report of the machinery industry released by China Machinery Industry Association (CMIF), the industrial value added from January to June grew by 5.7% over the same period of last year. Such an exponent was 0.6-percentage point lowering than the growth of nationwide industry in the corresponding period and 5.5-percentage points less than the growth of machinery industry during the same period of last year. With the gradual implementation of macroeconomic policies, the machinery industry will welcome its spring days of growth again.
By Steel First ,2015-04-24 13:35:53
Global output of direct reduced iron (DRI) decreased by 1% year-on-year in March 2015 as production in Libya ground to a halt, according to data released by the World Steel Assn (Worldsteel) this week. World DRI output fell to 5.4 million tonnes year-on-year in March, with output in Libya down by 85% year-on-year to 15,000 tonnes. In the rest of the African region, DRI output in March decreased in Egypt by 15% year-on-year to 225,000 tonnes and increased in South Africa by 10% to 140,000 tonnes. Total DRI output in the Middle East decreased by 1.5% year-on-year in March to 2.2 million tonnes. Output in Iran, the world’s second-largest producer of DRI, decreased by 1% year-on-year to 1.3 million tonnes, while Saudi Arabian and Qatari outputs fell by 3% year-on-year to 460,000 tonnes and 232,000 tonnes, respectively. Meanwhile, production in the UAE increased significantly to 259,000 tonnes, up by 36% from March last year. The biggest DRI producing nation, India, saw its output increase by 4% year-on-year to 1.7 million tonnes. In the Americas, Venezuela showed a year-on-year increase in volume, more than doubling its DRI production to 190,000 tonnes from 79,000 tonnes, while Canada’s output grew by 12% to 138,000 tonnes. March DRI output fell by 23% year-on-year in Trinidad and Tobago, to 145,000 tonnes, and by 3% in Mexico, to 525,000 tonnes. The data in the report covers the 13 countries that accounted for about 89% of total world DRI production in 2013.
By CFM ,2015-04-22 15:22:36
In September and October 2013, President of People’s Republic of China, Mr. Xi Jinping presented the strategic conceptions of building “The New Silk Way Economic Belt” and “The 21st Century Maritime Silk Road” respectively. Later these two conceptions are referred as One Belt And One Road (OBAOR). It’s worth mentioning that the Belt connects China with Central Asia, Mid-East, Southeast Europe and Western Europe, while the Road connects countries in East Asia, Southeast Asia, South Asia Sub-continent, Arabian Peninsula, and North Africa, etc. In the aspect of High Speed Railway Construction: In the Executive Meeting of State Council which was chaired by Prime Minister Li Keqiang , it was decided that the railway construction should quicken its steps. Based on this instruction, China Railway Corporation has raised its construction goal this year, within which the fix-assets investment will raise from 700 Billion CNY to 720 Billion CNY. In 2015, there will be 12 high speed railways putting into construction. Total running mileage will reach to 8,887 miles in two years. The development of high speed rail construction will bring higher demand of railway fasteners. In the aspect of Wind Power Industry: In February this year, National Energy Bureau has released the monitoring results of Wind Power Industry in 2014. Based on the statistics, the newly increased capacity of the whole year has achieved 19.81 million KW, which hit a new record. It is estimated that the scale of wind power will grow dramatically in the areas of North China, Northeast China, and Northwest China after promoting wind power industry in Mid-east China and Southern China. The development of wind power industry also bring opportunity to fastener industry. In the aspect of Nuclear Power Industrial Chain: It is clearly pointed out in the Action Plan of Energy Development Strategy in 2014-2020 that by 2020, the total nuclear power capacity should reach 58 million KW, while there will be over 30 million KW nuclear power under construction. However, by 2014, the operating units and the units under construction are less than 50 million KW. Still there is a huge space for growth. With the plan of restarting nuclear power, there will be a peak time for input and output in nuclear power industry. With advantages of high technology and high cost-effective ratio, nuclear power has become the major driving force for China’s “Walking out” Strategy. A analyzer told that most of countries, whose nuclear power generating capacity takes less than 6% of the whole generating capacity are developing countries around One Belt and One Road. The export of nuclear power will welcome its spring day under this circumstance. OBAOR brings positive influence to the development of China’s western area and coastal area. Great changes can be seen in the field of Infrastructure Construction, Transportation Industry and Trade & Services. All these changes also lay profound foundation for the development of fastener Industry.
By Reuters ,2015-03-09 10:21:19
According to two sources familiar with a European Commission proposal, the European Union will impose anti dumping duties later this month on imports of stainless steel cold rolled sheet from China and Taiwan. The EC plans to set tariffs of about 25% for imports from China and of about 12% for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association, Eurofer. The EC will present its proposal to EU member states next week and by March 26 will put in place the duties, which are provisional pending the outcome of an investigation due to end in September. Eurofer said that China and Taiwan shipped EUR 620 million worth of cold rolled stainless steel into the EU in 2013, some 17% of the overall market, and were guilty of dumping, or selling at unfairly low prices. A parallel investigation into alleged illegal subsidies for Chinese producers is also due to end in September. Europe's largest stainless steel producers are Acerinox, Outokumpu and Aperam. Chinese and Taiwanese producers include Shanxi Taigang Stainless Steel Company, Baosteel and Yusco. The EC, prompted by Eurofer, is also investigating alleged dumping of grain-oriented flat-rolled electrical steel, typically used in transformers, by producers in China, South Korea, Japan, Russia and the US. Eurofer is also seeking to prolong existing duties on Chinese imports of wire rod. Despite a lower euro and a slow pick up of European demand, European producers were still confronted with a massive increase of imports from Asia, and from China in particular. Eurofer said that total Chinese steel exports rose to a historic peak of 93 million tonnes in 2014 equivalent to 60 per cent of total EU steel consumption. Chinese steel exports to the EU increased to 4.5 million tonnes last year from 1.2 million tonnes in 2009. Eurofer believed the large expansion of China's steel industry does not reflect cost advantages but is based on state-owned enterprises raising capital on preferential terms, as well as other forms of subsidy. China's exports include not just basic products, such as hot rolled steel but also high end coated sheets.
By CFM ,2015-08-27 00:00:00
On 25th August, Chengdu Leejun Industrial Co., Ltd declared its acquisition of 100% interest of Chengdu Dekun Aviation Equipment Co., Ltd by $0.37 billion for expansion of business areas. On the same day the semi-yearly report was published. The business revenues was CNY 0.229 billion in the first half of this year, nearly 50% lower than a year earlier; the net profit is CNY 62.33 million, decreased by 64%. Leejun declared that it was due to the downturn of downstream field of application like cement and construction materials industry, metallurgical and mining industry ,etc, whose downturn growth of fixed assets investment has great effect on business performance. The acquisition expands its business to aviation parts and components which is advantageous to increase its profitability and sustain rapid and sound development.
By MDM ,2015-08-26 12:00:20
By CFM ,2015-08-21 10:25:36
On August 18, the Sichuan Auto Parts Industry Association was established to promote the integration and development of auto parts industry as well as the supporting industries in Sichuan. It was reported that the auto industrial system of Sichuan Province inclined to integrate the R&D, manufacturing, sales and maintenance of whole vehicles and key auto parts. Counted only the Chengdu Economic Development Zone, there are over 290 auto enterprises with total revenue of 26 Billion CNY. Over 300 notable enterprises including Bosch, Delphi, Magna, Faurecia, etc, have set up branches or subsidiaries in Sichuan. It is commonly believed by insiders that Sichuan Province holds greater potentials and margins in creating the after-market. Introduced by Mr. Ren Yinhua, president of Sichuan Auto Parts Industry Association, the association collected over 2000 member auto enterprises from within and ourside the province by far. By the end of this year, it is hopefully that the members will increase to 5000. Sichuan Auto Parts Industry Association will meanwhile cooperate with Sichuan Consumer Council, Sichuan Trade Association for Counterfeiting, Sichuan Association for Quality, Sichuan Insurance Association and other associations to better serve the industry.
By CFM ,2015-08-20 14:06:12
In the first half of 2015, influenced by the downward tendency of Main Engine Industry, the economy of General Machinery Components Industry was under the pressure of declining with a weak development trend overall. Based on the CMCA report, the total output value of General Machine Components Industry in the first half of the year was 166 Billion CNY, 1.2% increased comparing with the corresponding period in last year. The output of gear leveled off that of last year, while fasteners and springs in weak growth, and chains, connecting pieces, powder metallurgy in negative growth. In the first half, the import and export value totaled 15.2 Billion USD, down to 6.33% decreased over the same period of last year, which was the first sharp fall in recent years. Within which, the total import value reached to 8.68 Billion USD, 11.4% declined, while every section of the General Machinery Component Industry showed the declining trend in import. The import and export value of chain was 6.563 Billion USD, 11.48% down comparing with the previous period in last year. In H1, the fasteners import value was 1.50 Billion USD, 11.79% decreased over the same period of last year. It was worth mentioning that Japan, Germany, South Korea, Taiwan and America were the top five import sources. The import value totaled 6.54 Billion USD, only 0.74% up comparing with the corresponding period. The growth obviously declined comparing with the first quarter, as the export of gears, fasteners and chains inclined to decrease in the first half of the year. The total export value of gears from January to June was 2.81 Billion USD, 1.44% decreased over the same period of last year; the total export value of fasteners from January to June was 2.53 Billion USD, 4.04% increased over the same period of last year. America, Russia, Japan, South Korea and UAE were the top five export sources. The chains industry exported 0.79 Billion USD of products, down 1.49% comparing with that of the same period in last year, while China exported springs 0.18 Billion USD, 6.3% up; connecting pieces, 0.26 Billion USD, 3.35% decreased; and powder metallurgy, 0.04 billion, 13% declined. In the latter half of this year, the economic operation of general machine components industry is predicted to be less cheerful, although the China Government will carry out a series of adjustment measures to promote development.
By Amit Panday ,2015-08-11 16:30:47
150-year-old family-owned French supplier of non-threaded fasteners is optimistic about smart growth in India. Now, its Indian arm is looking to increase the value of fasteners per car, says Amit Panday. ARaymond Fasteners India, the local arm of the French supplier of fastener solutions to the automotive industry ARaymond Group, is eyeing a year-on-year growth of 40 percent for the next three-four years. The company, which saw slow growth in 2013, witnessed a good business year in 2014 and a turnover close to Rs 75 crore. ARaymond in India is working towards its targets for 2018. While it has a massive manufacturing setup in Chakan (near Pune), Manish Padharia, managing director, ARaymond Fasteners India, told Autocar Professional that “it is tailor-made for Indian requirements and its current production capacity will suffice till 2018 considering the incoming demand for its products.” “In terms of current available production capacity of the machines installed, we are utilising close to 60-65 percent of the total production capacity,” he added. The plant, built on the company-owned land of 7.5 acres, however, has huge scope for future expansion as the current construction covers only two acres. ARaymond supplies its fastener solutions to OEMs across the industry, with 75 percent of the total sales coming from passenger car OEMs. Commercial vehicles and two-wheelers contribute close to 10 and 15 percent respectively of the total yearly business. The company sizes the market to understand the demand for its products by evaluating the value of fasteners used in a car. In Europe, as senior officials of ARaymond Fasteners understand, a car uses an average value of 50 euros (Rs 3,822) worth of fasteners. In India, this is substantially low. Talking exclusively to Autocar Professional, Jean-Yves Renoux, vice-president, ARaymond Network, said: “We evaluate the value of fasteners per car to be 50 euro at an average in Europe. This shows that you have a lot of fastener applications in the car. This is the way we size the worldwide market. In India, this obviously is very different. But we are following the growth of the market, and we hope we do better than the growth of the market." "By 2018, we want to increase the value of fasteners per car. We want to capture the value proposition as much as we can,” added Padharia. NANO BEGINNING ARaymond’s first Indian project was the Tata Nano. While the company saw its inception in India in November 2007 and later its humble two-moulding machine-facility was inaugurated in October 2008 in Pimpri, Pune, it had its team regularly flying from Europe to participate in the development process of the Nano project back in 2006. According to Renoux, “At each customer presentation, we proudly say that we are present in all the cars – from Tata Nano to Maserati. The Nano is an extremely well-designed car and has a lot of scope in the market.” Later as the company commissioned the Chakan facility in 2011, the plant was built within a year as the operations were moved from Pimpri to Chakan in end-2012. Other than the plant, it has sales and customer support offices in Gurgaon (Delhi) and Chennai. ARaymond’s current clientele includes all big OEMs such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai Motor India, Bajaj Auto, Royal Enfield, Hero MotoCorp and others. WHAT FASTENERS? Explaining the business of fasteners, Padharia said, “There are two types of fasteners – threaded (conventional) and non-threaded fasteners. We make non-threaded fasteners, which are clipping fasteners. These are a completely different commodity. We try to replace the heavy fasteners, which are the nuts, bolts and screws. So threaded fasteners can be replaced by the clipping fasteners by removing the many conventional fastener components. Clipping fasteners can be used without tools and that can save time and costs along the assembly line. For example, on a shirt, you can use a button or a hook or a clip or even a tape.” While the clipping fasteners are pricier than conventional fasteners, cost stands as one major concern while drawing up viable solutions for the low-cost markets. Voicing his concern, Renoux states that “cost is a universal concern. However, it is a big stress here in India for sure. This is a booming low-cost market. Our customers expect very low pricing and stay competitive.” With increasingly shorter product development timelines, Renoux feels that it becomes difficult to create cost-optimised solutions. However, Padharia believes the company can bring a number of cost effective solutions to the table when it is involved early in a project. “I think when we are involved in a project from the very initial stages; we have the capabilities of bringing many cost- specific advantages with our customised solutions. While in other markets such as North America and Europe, the fastener companies are involved with the OEMs from the initial stages of project developments, in India this practice is now catching up. In those markets, we work as complete partners to the OEMs,” he highlighted. ENGINE OF GROWTH Bullish on India and appreciative of the Modi government, Renoux added that, “The government’s encouragement for manufacturing here is a very good step. It complements our growth plans. I come here two-three times every year and I can see the change. India in our network is a very important market. Our organisation has a very collaborative approach. Manish is a member of the executive committee of the whole group. So we meet every quarter. All the decisions are made by this executive committee and hence India is a part of the decision making for the worldwide operations.” Having invested close to Rs 85-90 crore in India so far and with production capacity to last a few years, the company management already has its expansion plans in the foresight. The vice-president added that “to support the market growth in the long run, we have to expand our operations in India, extend our footprints here and hire more people. We are also thinking about another manufacturing footprint in India. However, this will fall into consideration in the time to come. This plant (Chakan) is 60 percent occupied. And with the speed of growth, we may have to think differently to accommodate our customers’ orders.” Padharia, on the other hand, said the company has plans to increase its current headcount of close to 120 people to 250 by 2018. “We plan to develop an advanced engineering team in India for future projects catering to the local needs,” he concluded.
By Hilti ,2015-08-07 11:37:33
A total of six new Hilti products received honors in the Red Dot Award: Product Design 2015 competition. A Hilti rotating laser was also named “Best of the Best” in its category. This year some 4928 submissions from 56 countries were made to the Red Dot Award’s product design category. The international jury, consisting of 38 design professionals from 25 countries, handed out a total of 81 Red Dot: Best of the Best honors last night at the official awards ceremony in Essen, Germany. One of these awards was given to the Hilti PR 30-HVS rotating laser, which was the winner in the “Tools” category. The jury’s evaluations noted that: “The rotating laser impresses the user with a well-proportioned and compact design. It features an intuitive operating system and is very versatile. Perfectly developed details, such as the hard rubber handles and an exceptionally solid housing, protect the tool even under the harshest conditions.” Among other criteria, the jury evaluated the product in terms of degree of innovation, functionality, formal quality, ergonomics and ecological compatibility. The PR 30-HVS is the third Hilti product in three years to receive a Red Dot Award “Best of the Best” accolade. Hilti’s Chief Designer, Stephan Niehaus, is very pleased that the jury noted one of the tool’s innovative details. “The handles are a complex structure and include both hard and soft components that bend and buckle upon impact, ensuring that the tool’s highly sensitive measuring elements are protected even when subjected to significant impact. This helps minimize tool downtime or repairs and represents a true customer benefit.” Additional Red Dot Awards were given to a Hilti breaker, a cordless drill driver, a cordless impact wrench, a powder-actuated fastening tool and a setting tool that drills a hole and sets a metal anchor in a single step.
What will happen in next five years? None can predict it. Perhaps Jack Ma will not rank first in the Top Searches and another Jack Ma will rise. No one knows. But it is undeniable that almost all walks of life are embracing the mobile internet nowadays, trying to grab chances for development. So does the fastener industry. Organized by www.chinafastener.com, the Second Global Fastener Industry CEO Summit will be held in Shanghai Hongta Hotel in the afternoon of June 26th, 2015,with the topic of “The Next Five Years”. Held every two years, the aim of Global Fastener Industry CEO Summit is to promote global fastener industry communication and development as it provides a highest platform for global fastener experts to share their successful experience and to enhance business relationship. “We will invite about 200 representatives from about 10 countries and areas who are leaders in fastener enterprises, fastener associations and relative fastener organizations. There will be about 5 honored guests invited to make a 15-minute to 20-minute speech respectively,” mentioned by Yang Junfeng, CEO of www.chinafastener.com. Agenda of Global Fastener Industry CEO Summit: Time Agenda Remarks 16:00-16:30 Sign in 16:30-18:45 Theme speech/ High-end dialogue Five experts from global fastener industry will make speeches or conduct face-to-face communication 18:45-19:00 Free Communication Discussing the development perspective of international fasteners industry 19:00-21:00 Welcome dinner of 2015 Global Fastener Industry CEO Summit Happy and relaxed moment, to recognize important distributors, industrial association, and the person in charge of fastener suppliers Attractions: A) Industrial leaders: CEO Summit invites honored guest speakers from global. There will be nearly 200 attendees from global famous fastener enterprises, magazines & industrial associations, and the famous industrial media will follow up to report； B) Distinct Theme: The honored guest speakers will make speeches on the topic of Next Five-Year for global fastener industry, sharing their wisdoms, from which you can learn more about how to find the development opportunities of fastener industry in the next five years； C) International scale: Invite oversea fastener experts, covering Asia, Europe, Africa, America, and Oceania; provide five-star hotels & first-class conference equipments; offer welcome dinner; supply simultaneous interpretation with multiple languages; make meeting materials & honored guest list； D) Valuable schedule: You can visit the largest fastener exhibition in Asia—Fastener Expo Shanghai (25-27, June, 2015) Any interest in attending CEO Summit, Please contact us at firstname.lastname@example.org or email@example.com. Tel: 86-20-66885155. For more information, please visit: http://ceo.chinafastener.com/nd2/index_en.html Source: www.chinafastener.com
On April 15th, the 117th session of China Import and Export Fair (Canton Fair) was declared open in Pazhou International Exhibition Center, Guangzhou. This fair offers 60,228 exhibition booths for totally 24,713 enterprises from home and abroad while the total exhibition space covers 1.18 million m2. Introduced by the organizers, it is predicted that the number of purchasers participating in this fair will decrease slightly and the volume of transaction will fluctuate between the normal range, due to the complicated foreign trade situation this year. And this fair is the first session of fair after the Guangdong Free Trade Zone was permitted by China Government, thus, there will be a special exhibition area to absorb foreign investment, for sake of supporting the Guangdong Free Trade Zone Conference. The Hardware & Tool Exhibition is arranged in the first phase of the fair, dated from April 15th to April 19th, mainly in the exhibition halls of No. 14.3, No.15.3 and No.16.3. It is reported by journalists from www.chinafastener.com (luosi.com) that the number of fastener enterprises participating this year is about 50, leveling off that of before. In this fair, regular participators all appear, such as Shanghai MinMetals, Ningbo Ningli High-Strength Fastener Co., Ltd., Ningbo Xingyi Fasteners Co., Ltd., Wuxi Anshida Hardware Co., Ltd., Zhejiang Sansega Industrial Co., Ltd., Handan Ruiqiang Fasteners Manufacturing Co., Ltd., Jiangsu Huasheng Fastener Manufacture Co., Ltd., Qifeng Precision Industry Sci-Tech Corp., and Dongtai City Huawei Standard Component Company Ltd.. Ningbo Ningli Company and Shanghai MinMetals use special large booths to attract foreign purchasers. Staff from other companies try to attract purchasers by taking the first step, hoping to get large orders this year too. During the interview, our journalists discovered that many participators held great interest in the 2015 Shanghai Fastener Expo organized by www.chinafastener.com (luosi.com). They as well spoke highly on the China Fastener Magazine and the Industrial Directory of Chinese Fastener. The recognition and support from clients motivate the whole team of www.chinafastener.com to do better.
Fastener Fair Stuttgart was grandly opened at 9:30 on Mar.3rd , 2015 in The Stuttgart International Exhibition Center. Editor Iris from ChinaFastener.com witnessed it at the exhibition and brought us the first-hand information of the fair. (CFM Stand: Hall8, S140) As the top fastener fair of the world, Fastener Fair Stuttgart successfully invited so many industrial experts and visitors to the big show to communicated, shared information and make a win-win corporation to each other. It is said by Iris that, there are 821 exhibitors from 42 countries and regions attended to the fair this year. Exhibiting area reached to 18,000Sqms, by the increase rate of 12%. 3/4 of the exhibitors are from other countries outside Germany, which are mainly from Italy, United Kingdom, Turkey, Netherlands, Spain, Poland, France, and most Asian countries and regions like Mainland China, Taiwan, India and South Korea. Most of the Chinese exhibitors are mainly in Hall 8. Many famous enterprises were busy at showing high quality product and enterprise culture in the fair. Wish all of them all the best. Special Rivets Corp.(SRC) Ningbo Xingyi Fasteners Saite Machinery Jiaxing Chinafar Standard Parts Wenzhou Kaixu Jiangsu Washen Jiaxing Port Lixin Shanghai Fast-Fix Rivet Corp. Ningbo ABC Hengfeng Rivet Ningbo Jingle Corp Shanghai Rivet Manufacture(RET) Jiashan Ziheng Factory Yuyao Mingfeng Qifeng Precision Industry Haiyan Hongmao Haiyan Fujian Fastener Haiyan Zhaofeng Fasteners Shanghai Jingyang Fastener Fair Stuttgart is such a meaningful exhibition that so many fastener industrial buyers, visitors and suppliers gathered to this show. Many Chinese exhibitors came to Fastener Fair Stuttgart because of its popularity. According to the series of interviews, Iris noticed that, by the influenced of European economy affection and the anti-dumping of European to China, most of the Chinese supplier said that, though the European market is obviously smaller than before, they can’t stop their steps to make development of Europe. What’s more, many European buyers hope the problem of anti-dumping will be solve as soon as possible, and so that to establish long-term corporative relations with Chinese fastener suppliers.
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.
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.
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.