By CFM| 2014-12-02 00:00:00
By CFM| 2014-11-28 00:00:00
By CFM| 2014-10-24 00:00:00
By CFM| 2014-10-17 00:00:00
By Alan Crosby ,2015-01-26 09:45:26
An executive with the Japanese auto parts maker Takata Corp (7312.T) was indicted on Thursday for conspiring to fix the prices of seat belts sold to carmakers, the U.S. Justice Department said. The indictment is the latest in a global probe of price fixing of auto parts. A total of 32 companies have pleaded guilty or agreed to do so and 50 executives have taken a plea bargain or been indicted in the investigation. Hiromu Usuda, a sales executive for Takata from 2005 to 2011, is accused of meeting with executives of other companies that make seat belts to reach agreements on what they would charge, the department said. true The affected automakers were Toyota Motor Corp (7203.T), Honda Motor Co Ltd (7267.T), Nissan Motor Co (7201.T), Mazda Motor Corp (7261.T) and Fuji Heavy Industries Ltd (7270.T), which makes Subaru cars, the department said. Efforts to reach Usuda for comment through Takata were unsuccessful. The Justice Department and other antitrust enforcers worldwide have been investigating price fixing of more than 30 car parts, including air-conditioning systems, power window motors and power steering components.
By VANCE CARIAGA ,2015-01-12 11:13:02
For years, auto parts retailers like AutoZone and O'Reilly Automotive have delivered steady financial gains, thanks to an aging fleet of cars on the road. As recession-weary consumers put off buying new vehicles, the average age of cars has continued to rise. So has demand for replacement parts and repair work. The upshot for the aftermarket parts industry has been a consistent flow of new business. Leading auto parts retailers such as AutoZone (NYSE:AZO), O'Reilly (NASDAQ:ORLY), Genuine Parts (NYSE:GPC) and Advance Auto Parts (NYSE:AAP) have produced years of top- and bottom-line growth. They continued to do so in 2014, and are expected to keep it up this year. Meanwhile, the stocks — all part of IBD's Retail/Wholesale-Auto Parts group — generally have enjoyed a steady rise in value. The group touched a record high on Dec. 31, and on Friday was up 23% from an October low. The industry's new wrinkle is that the stocks have kept climbing even as new-vehicle sales in the U.S. reached their highest point since the middle of last decade. U.S. light vehicle sales hit 16.44 million units in 2014, according to a Jan. 5 report from Sterne Agee. That was the highest total since 2006. Those numbers are expected to keep ticking higher this year. Numerous industry forecasters — including Kelley Blue Book, TrueCar, LMC Automotive and J.D. Power & Associates — project that new-vehicle sales will reach about 17 million units in 2015. In theory, a rise in new-car sales should hurt the aftermarket parts industry. In the past, more new cars on the road meant less need for replacement parts and repair work. That's no longer necessarily the case. Morningstar analyst Liang Feng points out that a rise in new-car sales doesn't translate into fewer older cars on the road. "Investors have been concerned that new vehicle sales will reduce aftermarket parts demand, but what we are seeing is that even people buying new vehicles are keeping older cars as second vehicles or selling them to someone else. So you still see demand," Feng told IBD. "We've also seen an increase in the overall used-car market because vehicles are lasting longer." The average age of light vehicles on the road in the U.S. stands at 11.4 years, according to the most recent estimates from industry researcher IHS Automotive. That figure is expected to hold steady this year and then tick up to 11.5 years by 2017 and 11.7 years by 2019.
By W Simon ,2015-01-07 11:11:38
Automakers reported strong December U.S. sales on Monday, boosted by falling gasoline prices, but industry executives and analysts cautioned that growth would slow in 2015 after five years of rapid recovery from the recession. General Motors Co (GM.N) easily beat analysts' expectations, logging a 19 percent gain to 274,483 vehicles, the best December for the No. 1 U.S. automaker in seven years. Ford Motor Co's (F.N) December sales of 220,671 were up just 1.2 percent, missing expectations. "U.S. auto sales are dancing to a very different (and we believe unsustainable) beat," Morgan Stanley analyst Adam Jonas said in a research note. true He suggested U.S. auto demand has outpaced economic, wage and housing growth rates, thanks largely to easy credit access for consumers. Even as the pace of sales growth is expected to slow this year, modest growth to the 16.7 million to 17 million vehicles seen by analysts is still encouraging, several company executives have recently said. Any deceleration in U.S. growth could be damaging at a time when other global markets are slowing. On Monday, Jeff Bracken, head of Toyota Motor Corp's (7203.T) Lexus brand in the United States, said of 2015, "Any way you slice it, whether it's 16.7 (million vehicles) or slightly below or above, it's still a very healthy industry." Toyota executives said they conservatively expect 2015 sales of 16.7 million vehicles, while others, including LMC Automotive, expect this year's sales to hit 17 million. In December, sales of pickup trucks and large SUVs surged, spurred by low gasoline prices. Sales of GM pickup trucks Chevrolet Silverado and GMC Sierra surged 35 percent to 81,273, outpacing the F-Series pickups from Ford, which were flat at 74,355 vehicles. Ford's F-150 pickup truck sales remain limited due to the rollout of a new version. Fiat Chrysler Automobiles' (FCAU.N) (FCHA.MI) Ram Truck brand pickup sales soared 32 percent to 44,222 vehicles. Auto sales are an early indicator each month of consumer spending. Sales in December rose almost 11 percent to more than 1.5 million vehicles, according to research firm Autodata, finishing in line with analysts' expectations. U.S. average gasoline prices are 34 percent lower than a year ago, and in much of the country are less than $2 per gallon. Full-year sales for 2014 finished just above 16.5 million vehicles, matching the tally in 2006. Rising demand has allowed automakers to boost prices for their vehicles, however. Kelley Blue Book, an industry source for vehicle valuations, said Monday the average transaction price for a new vehicle sold in the U.S. market in December was a record $34,367, up 2.5 percent from a year ago. GM's December transaction prices grew 4 percent from a year earlier to $38,816, KBB said. Fiat Chrysler's U.S. sales jumped 20 percent in December on strong Jeep SUV and pickup truck sales, but still missed analysts' expectations. FCA's sales of 193,261 for the month were the highest since 2006 for the company once known as Chrysler. Nissan Motor Co (7201.T) said on Monday its December U.S. sales grew 7 percent, stronger than expected, while Honda Motor Co's (7267.T) 1.5 percent increase fell short of expectations. In addition, Germany's BMW (BMWG.DE) reclaimed the U.S. luxury crown last year, topping Daimler's (DAIGn.DE) Mercedes brand by more than 9,000 vehicles.
By Alex Tsai ,2015-01-26 09:44:07
According to the National Bureau of Statistics (NBS), China’s crude steel output reached 823 million tons in 2014, slightly up by 0.9% from 2013, which is in line with market participants’ expectations. Meanwhile, China’s pig iron production rose by 0.5% to 712 million tons last year, and finished steel production increased by 4.5% to 1.13 billion tons compared to the previous year. In December alone, the crude steel production of the major steelmakers totaled 68.09 million tons, increasing by 1.5% compared from the same time a year earlier. The country’s daily crude steel production output reached 2.1965 million tons, registering an increase of 4.1% from the previous month.
By Lisa Wang ,2015-01-23 10:05:46
China Steel Corp (CSC) on January 16 announced a deeper 2.27 percent price cut for its products to be shipped to local customers in March amid constant oversupply and weak demand, but the nation’s biggest steelmaker expects prices to rebound next quarter due to recovering demand from the US and China. On average, China Steel will trim steel prices by NT$425 (US$13.43) per tonne for its March deliveries, which is slower than the rate of decline of between US$20 and US$30 per tonne globally in the period from November last year to the present, the Greater Kaohsiung-based company said. In November last year, China Steel trimmed prices for its January-February contracts by 1.71 percent per tonne on average. “We cut domestic steel prices to align the local market with the global steel market. Oversupply and falling raw material prices have added to weak customer sentiment,” China Steel vice president for sales Liu Jih-gang said by telephone. The wobbling global economy and worsening fiscal deficit curtailed fixed asset investment, such as houses and manufacturing equipment, leading to slackening steel demand and a price decline, Liu said. After gloomy demand over the past six months, China Steel has seen some positive signs recently. On the demand side, “the US market is gathering steam because of faster-than-expected recovery in the automotive and construction sectors. China is also likely to grow slightly,” Liu said. “Those factors will support our expectations of a price rebound in the second quarter.” On the supply side, China decided to end subsidies for Chinese steelmakers this year in an effort to retire ineffective or out-of-date factories, which will curb price competition from Chinese steelmakers, Liu said. Moreover, ArcelorMittal SA, the world’s biggest steelmaker, is expected to hike prices to cope with rising costs due to the weak euro, after the European Central Bank launched a 300 billion euro (US$347.24 billion) stimulus package, China Steel said in a statement. Under the company’s latest adjustments, the price of cold-rolled sheets and coils, which are used mainly in the automobile industry, is to fall by NT$842 per tonne, while that of benchmark hot-rolled sheets and coils is to drop by NT$622 per tonne, China Steel said in a statement. The price of electrical sheets, which are used to manufacture home appliances, is to decline by NT$504 per tonne, and hot-dipped zinc-galvanized sheets will be NT$600 lower per tonne, while the price of electro-galvanized sheets will remain unchanged, it said.
By Alex Tsai ,2015-01-22 10:17:22
According to statistics of the International Aluminum Institute (IAI), the global aluminum output totaled 2.08 million tons in December. The figure was 54,000 tons higher than the previous month and up by 44,000 tons compared to the same period a year ago. According to figures released by the IAI, global unwrought aluminum inventory totaled 1.426 million tons in November, compared from 1.13 million tons in the same month a year ago. IAI indicated that the total aluminum inventories in November totaled 2.527 million tons, higher than 2.522 million tons in the same months of last year.
By MDM ,2015-01-26 09:46:52
Diversified manufacturer Precision Castparts Corp. (NYSE: PCP), Portland, OR, reported sales for the fiscal third quarter of $2.5 billion, up 5 percent year-over-year. Organic sales increased 2 percent. Profit increased 2.8 percent to $445 million. Investment cast products sales increased by 4 percent in the third quarter to $632 million. Forged products sales were up 2 percent year-over-year to $1 billion. Airframe products sales increased 11 percent to $798 million. For the first nine months, sales increased 6.9 percent to 7.5 billion from the same period in 2014. Profit increased 7.9 percent to $1.4 billion.
By Ed Hammond ,2015-01-23 09:45:25
Anixter International, the electrical equipment maker backed by Sam Zell, has put its fasteners division up for sale a year after it failed to find a buyer for the whole company. The sale of the fasteners division, which produces nuts, bolts and adhesives, is likely to fetch more than $500m, with final bids due later this month, according to people familiar with the matter. Exact details about potential buyers could not be ascertained, but the auction, which is being managed by Goldman Sachs, has attracted interest from private equity, rather than strategic bidders, the people added. Anixter, which has a market value of $2.9bn, had tried to sell itself early last year, with rival electrical equipment maker Rexel of France and private equity group Carlyle reported to be among the buyers. The process was pulled, however, after buyers failed to agree a price. The Illinois-based company counts Chai Trust Company, a subsidiary of Sam Zell’s Equity Group Investments, as its largest shareholder with 11.33 per cent of the stock. The real estate billionaire, who has held a position in the company for about 30 years, is also on Anixter’s board. The sale of the fasteners business comes at a time of feverish activity in global mergers and acquisitions, with the combination of cheap debt and rising corporate confidence driving levels of dealmaking not seen since the start of the financial crisis. Globally, the value of deals hit $3.34tn last year — the highest level since the start of the financial crisis. Private equity buyers have struggled to get traction in the recent wave of M&A, with the number of leveraged buyouts falling in 2014. But carve outs, such as the sale of Anixter’s fasteners business, have provided opportunities in an otherwise fallow patch. Anixter did not immediately return a request for comment. Goldman Sachs declined to comment.
By CFM ,2014-12-02 00:00:00
On the very first day of Fastener Expo Guangzhou 2014, www.luosi.com held a big celebration of its 10th anniversary on 24th Nov. with experts and leaders from more than 400 Chinese fastener companies and fastener associations. The fifth Chinese Fastener Summit was held at the same day. Many big names in industry attended the summit in the afternoon. The celebration was divided into three sections. In the afternoon of 24th Nov., a summit of fastener elites was held. The appreciation dinner came after in the evening. A special psychological lecture about wealth and restrictive concept was scheduled in the afternoon on 25th . The summit begun at 15:00 in the afternoon with the speech of Mr. Feng Jingyao, Chairman of China Fastener Industry Association on the topic of the current situation of China fastener industry. He emphasized that the older generation of entrepreneur should pay more attention on innovation rather than their rest glory since the relative trade advantage of China is becoming less and less distinct. Then an professional expert in internet industry, Mr. Xiong Youjun, shared his idea about the application of internet in the traditional industry. His ideas about how to utilize the new media and website for company promotion had enlightened many CEOs. Then, Mr. Chen Huayin, the CEO of Suzhou Fast Hardware Co,. Ltd, shared his experience on how to realize fastener e-business. As a professional fastener manufacturer, the online sales value of Suzhou Fast Hardware reaches about 100,000 million each year. Further on, a high-level fastener industry dialogue which was hosted by Mr. Yang Junfeng, the CEO of www.luosi.com. He invited four guests to debate on the topic of how should fastener companies make the most of internet and how to solve various kinds of problems in the Dinner started in a pleasant atmosphere at 18:00. An amazing sand artist performed sand animation to showcase the ten years’ development course of www.luosi.com, during which we also reviewed the foundation of ChinaFastener Magazine and www.chinafastener.com. It was founded in 2004. After ten years of devoted work , is now the official website of China Fastener Institute and the leading media in China’s fastener industry. www.luosi.com is the Chinese web and the international version is www.chinafastener.com. It also publish professional fastener guide books every year. Luosi Industry is the Chinese one and ChinaFastener Magazine is a Chinese-English bilingual one. Later, the enthusiastic dance performed by ten beautiful female staff of www.luosi.com stirred up the whole party. And the president of www.luosi.com, Wang Yanbo, together with three programmer and English editor of www.chinafastener.com, presented a inspiring song. What carried on was the link of lucky drawing and the evening ended in joyful mood. Most of the attendees expressed their appreciation towards the event by providing chance for them to communicate with each other. In the end, Mr. Feng Jingyao and the management unveiled a precious plaque which was given by a 98 year old eminent monk. It expressed the good wish that www.luosi.com to build century brand. Almost all the attended guests packed on the stage and had a big group photo. Happiness and satisfaction was so easily found on everybody’s face. process.
By CFM ,2014-11-28 00:00:00
During 24-26 Nov., Fastener Expo Guangzhou was successfully held in Poly World Trade Expo Center. Foreign buyers came from 33 different countries, like Turkey, Italy, Poland, USA, Norway, Dubai etc. As was recorded by the organizers, the total number of visitors doubled than the last year on the second exhibition day. Overseas buyers consulting CFM’s customer service Big promotion painting of ChinaFastener Magazine Lots of CAS members (What is CAS members?) exhibited and told us that the show was a worth-going one, like Suzhou Xling, Shanghai Chengtai, Sailuk Rivet, Jiaxing Chinafar, S&D Fastener, Jiaxing Xinglin, Shanghai King Fastening, Jiangsu Washen, Yuyao Xintai , Cixi Jinggeng, Dongguan Demeng, Foshan Qingchang, Daqi Orient, Beijing Jinzhaobo etc. Jiaxing Chinafar Suzhou Xinling Sailuk Rivet Shanghai Chengtai Yuyao Xintai Cixi Jinggeng Foshan Qingchang S&D Fasteners Dongguan Demeng Shanghai King Fastening Though the scale of the show is not as big as Fastener Expo Shanghai, Fastener Expo Guangzhou was a great success not only to mention the large visitors flow, but also the great effect to promote business. And the organizers expressed their warm welcome and said that they will be expecting for more visitors to visit Fastener Expo Shanghai 2015 during 25-27 in the next year.
By Miles Moore ,2014-11-17 11:28:58
TOLEDO, Ohio—Hitachi Metals Ltd., a Tokyo-based auto parts manufacturer, has agreed to plead guilty and pay a $1.25 million fine for its alleged role in a conspiracy to fix prices and rig bids for automotive brake hose. The U.S. Justice Department Antitrust Division filed a one-count felony charge and settlement agreement against Hitachi on Oct. 31 in the U.S. District Court for the Northern District of Ohio in Toledo. According to the document, Hitachi and its co-conspirators fixed the prices of brake hose sold to Toyota Motor Corp. and Toyota’s subsidiaries, affiliates and suppliers. Hitachi’s involvement in the conspiracy lasted from at least November 2005 until at least September 2009, according to the Justice Department. In addition to pleading guilty and paying the fine, Hitachi also agreed to cooperate fully with Justice Department investigators in their ongoing probe of price fixing among auto parts manufacturers, the agency said. The settlement agreement is subject to court approval. With Hitachi’s guilty plea, 30 auto parts manufacturers have pleaded guilty or agreed to plead guilty in the Antitrust Division’s price fixing investigation, the largest in the history of the agency. Those companies have agreed to pay a total of nearly $2.4 billion in fines. Forty-four executives of those companies have also been charged individually for their alleged roles in the conspiracy. The Antitrust Division and the Federal Bureau of Investigation continue to seek information on price fixing, bid rigging and other illegal, anticompetitive practices in the auto parts industry. Anyone with information on this matter should contact the Antitrust Division’s Citizen Complaint Center at 888-647-3258 or at this website. They may also contact the FBI’s Cleveland field office at 216-522-1400.
By ,2014-11-04 10:51:33
New Delhi: The country’s largest two-wheeler maker, Hero MotoCorp Ltd, on Sunday reported a 8.05% decline in its sales in October to 5,75,056 units. The company had sold 6,25,420 units of two-wheelers in October 2013. The company said it clocked sales of over 1 million two-wheelers during the 37-day festive period, which started on 25 September (first day of Navratras) and lasted until 31 October 2014. Hero MotoCorp said it has lined a total investment of over Rs.5,000 crore across the world, including manufacturing plants in Colombia and Bangladesh, and the new plants coming up at Gujarat and Andhra Pradesh, and the Hero Global Centre for Research and Design at Kukas in Rajasthan.
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
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
2014 Korea Metal Week grandly opened on Sep. 16th, 2014 in Korea International Exhibition Center (KINTEX), Seoul, South Korea. ChinaFastener Magazine (Booth No. 5g 190) attended in it as a supportive media. Korea Metal Week, organized by Korea Trade Fairs Ltd, is held every two year since 1989. It is the biggest metal industry and machinery fair in South Korea, comprising of seven shows. They are Fastener & Wire Korea, Die Casting & Foundry Korea, Automobile & Machine Parts Korea, Press & Forging Korea, Tube & Pipe Korea, Metal Surface Treatment Korea, and Korea Composite Show. This year 320 exhibitors participated in this event and 31 of them came from mainland China. The rest of exhibitors were from Korea, Chinese Taipei, Germany, the USA, Switzerland etc. Chinese exhibitors were relatively fewer than the last year. 50 exhibitors from mainland China exhibited in 2013. About 89 exhibitors exhibited in Automobile & Machine Parts Korea. And 58 exhibitors gathered in Fastener & Wire Korea.15 fastener companies from mainland China exhibited, including Shanghai Rivet, Qiang Xin, Wenzhou Taihe, Hebei Fuao, Baoji Qicheng, Hangzhou Dingyuan, Ningbo Exact, Ningbo Jinding, Eagle Hardware, Shanghai Jingyang, Haiyan Sanma, Ningbo Hexin, Kinfast Hardware etc. Many famous brands also appeared such as Atotech, Hyodong etc. Atotech Hyodong Shanghai Rivet Wenzhou Taihe Qiang Xin Hebei Fuao Baoji Qicheng Hangzhou Dingyuan Shanghai Jingyang Ningbo Jinding Haiyan Sanma Being as the supportive media partner, representative of CFM distributed the latest issue of ChinaFastener Magazine at scene and it was very much welcomed by the international buyers. They were quite interested about the buyer’s guide part. The visitors were fewer at the opening day and today there are much more buyers. As the organizer put, this exhibition will be held once a year from this year on. The next Korea Metal Week will be held in Sep 2015 Worth to mention, Korea Metal Week is concurrently held with 4 major trade fairs specialized in machine (KOMAF), tools (Tool tech), auto parts (KOAASHOW), and welding (Welding Korea), which comprised as Korea Industry Fair. It is expected that there will be around 130,000 buyers to visit during the four days exhibition. In 2013 South Korea’s fastener output reached 970,000 tons Automobile industry, construction industry, and electronics industry were the three largest consumer groups of fasteners, demanding more than 750,000 tons (77.4%), 130,000 tons (13.5%) and 20,000 tons respectively, and the rest 70,000 tons went into other industries. As for the import, South Korea imported USD 520 million fasteners in 2013, up 16.7% in comparison with 2012 (2012: USD 450 million). The fasteners imported from mainland China, USA, Germany, and Chinese Taipei were USD 180 million, 130 million, 49 million, and 25 million, respectively, with such fasteners shipped from mainland China taking the highest share of 34.6%. In regard to export, South Korea exported USD 670 million fasteners in 2013, up 11.3% while compared with 2012 (2011: USD 607 million). From above statistics, it is pretty obvious that Mainland China is the major supplying country of South Korea’s fastener industry. And the holding of Korea Metal Week plays an important role in strengthening the communication and trading between South Korea and Mainland China. The 16th Issue of ChinaFastener Magazine will go to Metalex Vietnam and 2014 National Industrial Fastener& Mill Supply Expo (Booth No 1553). Come and get a free hardcopy then , see you there! Or you can contact us through email@example.com
After a short break from 2014 Fastener Expo Shanghai, the representative of ChinaFastener Magazine exhibited in the 18th M-Tech Tokyo during 25-27 June. Japanese companies account for nearly 90% of the 900 exhibitors. 18 exhibitors of fasteners came from Korea and 17 from China mainland. Most of Chinese exhibitors came together with translators since about 95% of the visitors are Japanese. CFM's Booth E32-16 Some of the Chinese exhibitors also went to Fastener Expo Shanghai 2014 as well as CFM representative, like ChinaFar, Jiaxing Zhengying, Ningbo Jinding, Eagle Metalware ,Jiaxing Zhapu, Jiashan Yongxin etc. Jiaxing Zhengying Jiaxing Chinafar Eagle Metalware The 18th Mechanical Components & Materials Technology Expo (M-Tech), 5th Medical Device Development & Manufacturing Expo (MEDIX), 25th Design Engineering & Manufacturing Solutions Expo (DMS), 22nd 3D & Virtual Reality Expo (IVR) was held during the same period. Satisfaction was found on everybody’s smiling face Representative of Korea Group Taiwan Group CFM representative recommended appropriate suppliers and was astonished by the creative decoration of exhibitors at scene. It is said that, the fastener industry is relatively stable and closed in Japan. Fastener companies tend to buy steel , cold header ,heat treatment facilities and other related materials at home. During CFM’s short interview with Chinese exhibitors, some of them also said that :” In fact, the main reason for us to come to the show is that we really want to know the development of fastener industry in Japan and see what we can learn from them.”
During 3-5 June the 15th Hardware + Tools Middle East grandly opened in Dubai International Convention and Exhibition Centre (DICEC), Dubai, United Arab Emirates, showcasing the Product Groups of TOOLS, HARDWARE, CONSTRUCTION & BUILDING MATERIALS, and MACHINERY. CFM's booth No (HT711) Being as the most delicate hardware fair in the region, Hardware + Tools Middle East 2014 has attracted 230 exhibitors from 13 different countries, including China ,India, France, Germany, Italy, Poland etc. Among them, most of the exhibitors came from China. Chinese exhibitors counted 155 and 9 came from Chinese Taipei. About 17 Chinese fastener companies took part in this big event, such as Dongtai QB, Yuyao Mingfeng, Ningbo Sijin, Jiashan Yongxin, Haiyan Sansega, Haiyan Ronghua, Shanghai Anzi, Wuxi Hezi, Haiyan Brother United, Haiyan Hongcheng etc. Shanghai Anzi Haiyan Ronghua Ningbo Sijin Yuyao Mingfeng Jiashan Yongxin Haiyan Sansega Wuxi Hezi Haiyan Brother United Haiyan Hongcheng As the affection of many of EU’s anti-dumping duties, Chinese fastener companies are eager to open new market. It is reported that Dubai had imported 72,583 tons of fasteners from China in 2013, which counted 26% of the total import amount. The export value of fasteners imported from China is 113.2 million dollars. During the last 10 years, the population and number of tourists surged in a great deal. CFM journalist noticed that there are at least 10 five star hotels which are in preparation. Furthermore, the government investment on hardware and architectural projects will possibly exceed 200 billion dollars in 2015, like the expansion of AUH, Dubai Rail Project, City of Arabia in the biggest theme park Dubai Land etc. All that indicate the great potential of fastener market in the Middle East. Suppliers scanningCFM magazine CFM journalist recommending CAS members to buyers As the professional media in fastener industry, ChinaFastener Magazine (Booth No.HT711) took part in the trade show to recommend excellent fastener suppliers to the international buyers. The 15th issue of ChinaFastener Magazine was warmly welcome by the overseas buyers. CFM journalist also made reference of suppliers to them based on their specific needs. They expressed great interest in Chinese companies
The second Indo Fastener show was successfully held on 14th May this year. It will last for three days. Being as one of the major media partner of the show, CFM exhibited and learnt about the current market situation of Indonesia. According to the official statistic, there are 26 fastener companies from mainland China exhibited in the show, taking a large proportion among all together 49 exhibitors. 15 Taiwan companies exhibited the show. Several famous firms were very popular at the scene, like Special Rivets, Changshu 5 Rich Hardware, Shanghai Rivet, Shanghai Jingyang, Ningbo Sijin, 3 Star Rivet, Zhejiang Taisheng etc. CFM's booth G20 SRC Changshu 5 Rich Hardware Shanghai Rivet Shanghai Jingyang 3 Star Rivet Zhejiang Taisheng During the same period, the 7th Indonesia International Automotive (Components, Spare Parts, Tools and Accessories Exhibition ) is held concurrently. And one exhibitor came from mainland China among 44 firms. About 2170 visitor came to the show on the first day. Handan Ruiqiang, S&D Fasteners, Foshan Kuiloon also witnessed the show. Most of the buyers came with specific buying requirements and had business contact with Chinese supplier before. ChinaFastener Magazine recommended CAS members according to the their need at the scene. （What is CAS member? Click Here) Jiangsu Zhenya Ningbo Maowang Some exhibitors told CFM journalist that though the visitors were not as many as they’ve imagined, but the buyers are very professional and determined. They believed this to be a good chance to develop business relationship after the show. Affected by the continuously execution of anti-dumping duties in European markets, many fastener companies now intend to increase their market share in Southeast Asian. Thanks to the free trade agreement between China and Southeast Asian Union, both side can enjoy zero tariff. In 2013, Indonesia imported $66 million fasteners from China. As is noticed by CFM journalist, many street reconstruction has been taken in Indonesia which indicated huge need for constructional fasteners. It will also bring a great deal of promotion to auto fastener industry, too. It is believed that Indonesia may offer huge business prospects.