By CFM| 2014-06-27 00:00:00
By CFM| 2014-06-09 00:00:00
By CFM| 2014-05-15 00:00:00
By CFM| 2014-04-15 00:00:00
By Kong Defang、Bianji ,2014-08-28 09:38:04
BEIJING, Aug. 27 -- China and Brazil face the task of refocusing their trade with each other onto more sophisticated products and investment as the two major emerging economies modernize their industrial structure and their demand for natural resources slows. China has been Brazil's largest trade partner since 2009 and Brazil is China's ninth largest trade partner worldwide and the largest in Latin America. However, the growth of bilateral trade is slowing down. In the first half of this year, export and import of goods between the two countries increased 7 percent year on year, a sharp drop from the 43.6-percent growth in the same period three years ago. Sun Yanfeng, a researcher with the China Institutes of Contemporary International Relations, attributed the cool-down mainly to the effect of economic restructuring in China. "China is gradually eliminating energy-intensive industries and moderating the speed of its economic growth. This has translated into declining demand for Brazilian natural resources," Sun said. Trade between the two countries has long been concentrated on raw materials. In the first six months of 2014, mineral and plant products accounted for 86.5 percent of Brazil's exports to China. Although the pace of growth in bilateral trade is expected to continue dropping, Sun sees opportunities for Chinese and Brazilian authorities to place more attention on the added value of their products and exploring new fields of trade. Take iron ore as an example. "China's demand for raw iron ore will decline with the shrinking of its energy-intensive industries, but it will need more of the processed iron ore products that Brazil can export," said Sun. China's decreasing demand for natural resources also comes at a time when Brazil is looking to move away from resource-centered industries, noted Zhou Zhiwei, a researcher with the Chinese Academy of Social Sciences. Meanwhile, economic ties between the two economies could go far beyond simple trade to include more joint ventures and investment, with Brazil craving Chinese funding of building projects. Chinese companies' relative wealth can help compensate for the shortage of funding in Brazil. Brazil's economic transformation is centered around modernizing its industry and encouraging investment and construction of infrastructure. "These are just the areas where China has accumulated a lot of experience," said Zhou. Sun stressed that trade alone is not enough to push forward the two countries' economic ties. "What is more important is cooperation in investment, financing and joint contracting, which could become the new engines for the economic ties." Over the past year, the Brazilian government has announced plans for a slew of infrastructure projects, including the extension of airports and ports, the building of 11,000 km of railway and 7,000 km of highway. During Chinese President Xi Jinping's visit to Brazil in July, Brazilian President Dilma Rousseff welcomed broader investment in his country by Chinese enterprises, particularly highlighting transportation, infrastructure, agriculture, information, logistics and innovation in science and technology.
By David Evans ,2014-08-27 10:16:31
Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger (ZILGn.DE) told a German paper. "The Chinese state has told several (German car) suppliers that they are no longer allowed to operate their Chinese subsidiaries on their own but only as part of a joint venture in the future," Stefan Wolf was quoted as saying by the Stuttgarter Zeitung. He said he knew of three companies that now needed to look for a Chinese partner, but did not say which, adding ElringKlinger was not affected. "If that were to happen, it would be an attack on intellectual property. 50 percent of the company is being taken away - this, effectively, is expropriation," Wolf said. "I believe this is an attempt to make up leeway in terms of know how and innovation." Robert Bosch [ROBG.UL] and Continental (CONG.DE), Germany's two biggest automotive suppliers, could not immediately be reached for comment. Earlier this month, the European Union Chamber of Commerce in China expressed concern over a recent series of antitrust investigations, saying China, the world's largest car market, was using strong-arm tactics and appeared to be unfairly targeting foreign firms. At the time, the chamber said it had "received numerous alarming anecdotal accounts from a number of sectors that administrative intimidation tactics are being used to impel companies to accept punishments and remedies without full hearings." The auto sector has been put under scrutiny from China's National Development and Reform Commission (NDRC), which has investigated car companies amid accusations by state media that global car makers are overcharging consumers. "The Chinese state is noticing that 50 percent of the automotive world is taking place in China and that its manufacturers are not benefiting accordingly," ElringKlinger's Wolf told the paper. European car brands including Volkswagen AG's (VOWG_p.DE) Audi, BMW (BMWG.DE) and Mercedes-Benz (DAIGn.DE) are scrambling to lower prices for new cars and spare parts in an effort to appease Chinese regulators who have accused some of them of anti-competitive behaviour. European and U.S. manufacturers are eager to increase their footprint in China, now the world's largest car market, but have been limited to owning 50 percent or less of joint venture companies run together with Chinese state-owned enterprises.
By Ian Geoghegan ,2014-08-26 10:44:14
When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker. One supplier put in a slightly lower bid for front shock absorbers than its rival and a slightly higher bid for rear shocks, while its rival did the opposite. The intent was clear, recalled the carmaker's former parts procurement chief for Indonesia who is now back in Japan and didn't want to be named because of the sensitivity of the issue: they were dividing the contracts between them. A few weeks later, he came across the two rival suppliers' chiefs playing golf together in Jakarta, and summoned them to his office for an explanation. The upshot: the automaker asked the parts suppliers to re-bid. The account helps illustrate how some auto parts makers, in particular those from Japan, have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of over 80 million vehicles, and which are now being exposed in a worldwide sweep by regulators. For the past five years, competition watchdogs - from the United States, Europe and across Asia - have moved in, handing out record fines in some cases, and calling time on a business model that has served parts makers well. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops. Denso Corp, Japan's leading auto electronics parts supplier had a higher operating profit margin of 9.2 percent than Toyota Motor Corp in the year to March, while Aisin Seiki Co Ltd's 6.1 percent margin topped Nissan Motor Co's 5.3 percent. In South Korea, Hyundai Mobis, a leading Hyundai Motor supplier, had a margin of around 6 percent on parts and component systems sales to automakers last year, but 21 percent on replacement parts sales, according to its filing with the stock exchange. Some Japanese parts suppliers have evidently taken that business model further. "To secure high profitability, those suppliers often coordinate bids for a supply contract when they can, and come to automakers with mostly identical bids," the auto executive said in an interview at his firm's procurement office in Japan. As well as colluding to push up prices for new car parts, they also charge multiple times - sometimes as much as 10 times - the price when they make the exact same components available as replacement parts in the aftermarket marketplace. "In other words, they're doubling dipping to beef up and maximize their profit margins," the executive said. "This is the kind of cartel you deal with in Southeast Asia with Japanese suppliers, and that's not the exception, but the typical business condition we deal with routinely around the world." As regulators, most recently in China, go after suppliers in what has become a worldwide probe into price fixing, this "business model is in danger," the executive said. "We might be seeing the beginning of an end of it." BACK TO BASICS Japanese auto component suppliers, such as Toyota Group's Denso and Aisin, have, like their parent, long been considered as running highly efficient operations. But that reputation for being "lean" when selling cars in mature Western markets was challenged as global automakers aggressively went after a new generation of more cost-conscious buyers in emerging markets. Automakers took note of suppliers' cost structure before the authorities began clamping down on price manipulation - around a decade and a half ago as they sought to cut costs and vehicle prices to make cars more affordable in emerging economies. At the unnamed executive's company, for example, procurement officials began going after parts suppliers five years ago, mindful of their "pricing tricks," he said. For parts suppliers now, the answer may be to go back to business basics, industry officials and experts say. "Rather than change in their business model, parts makers are going to have to quit getting their hands dirty for profiteering and should go back to basics," said Hidehiro Utsumi, an attorney-at-law at law firm TMI Associates in Tokyo and an expert on anti-monopoly. That means re-embracing what Japanese automakers are best known for - eliminating excess from the manufacturing process throughout the supply chain and trimming any fat from production to achieve low cost and high quality. No one at Aisin or the Japan Auto Parts Industries Association was immediately available to comment. A Denso spokesman referred to its earlier press statements on fines in various markets. GLOBAL SWEEP The crackdown on auto parts makers began around early 2010, when regulators in the United States, Europe and Japan started looking into parts suppliers including wire harness makers such as Yazaki Corp and Sumitomo Electric. Japan's Fair Trade Commission has fined 12 local parts makers a total of $332 million since January 2012 for violating anti-monopoly laws, including Yazaki, headlamp maker Koito Manufacturing Co and bearing maker NSK Ltd. China last week fined a dozen Japanese parts makers a record $201 million for manipulating prices, while in the United States, 28 firms including Denso and Yazaki and more than two dozen executives have in recent years agreed to pay $2.4 billion in fines, according to the Justice Department. The European Commission last month fined several parts makers, including Yazaki, NTN Corp, NSK and Furukawa Electric, a total of $182 million, and is currently investigating possible cartels in car lights, thermal systems, air conditioners, seat belts, air bags, radiators and windscreen wipers. South Korean regulators last year fined units of Denso, Continental AG and Robert Bosch for price fixing, and are looking into whether there has been price collusion among car makers and dealers. In May, Singapore's Competition Commission fined Nachi-Fujikoshi Corp, NTN and NSK a record S$9.3 million ($7.43 million) for cartel behaviour in ball bearings, noting the price fixing, going back as far as 1980, even had a formal name: the Market Share and Profit Protection Initiative. The crackdown has hit Japanese parts suppliers hardest as they operate globally, though others such as Autoliv Inc have also been caught up. Car parts implicated in the probes range from wire harnesses, bearings and seat belts to anti-vibration rubber and ignition coils. (1 US dollar = 103.8700 Japanese yen)
By Steelorbis ,2014-08-26 00:00:00
Mr Wang Xiaoqi vice chairman of the China Iron and Steel Association said that in the first seven months of the current year China's average daily crude steel output exceeded 2.2 million tonnes and so China's overall crude steel output in the current year is expected to reach 830 million tonnes. According to the CISA, in the January to July period this year China's apparent consumption of crude steel amounted to 438 million tonnes down 960,000 tonnes or 0.2% YoY while its finished steel exports in this period indicated a significant increase of 36.9% YoY to 49.07 million tonnes. In addition, in the H1 of the year, fixed asset investments by the Chinese steel industry amounted to CNY 237.5 billion down 7.08% YoY with this decline in fixed asset investment the largest recorded among the 56 industrial sectors in China in the given period. Mr Wang said that this indicates that expansion of production capacity in China has finally been curbed, which will ease the oversupply situation in the country. He said that the high growth period for Chinese demand for finished steel has ended and, though iron ore and coking coal prices have moved down, finished steel prices are unlikely to see a significant recovery, which will thereby limiting the steel industry's profit margins.
By Reuters ,2014-08-25 09:55:22
Reuters reported that Baoshan Iron & Steel Company Limited, China's biggest listed steelmaker by stock market value, posted a 14.8% fall in H1 net profit reflecting weak prices and slackening demand growth. It’s net profit dropped to CNY 3.15 billion from 3.7 billion in the same period last year. Based on its H1 results, Baosteel's profit in the April to June quarter was CNY 1.75 billion down 15.9% from year ago and marking a second straight quarter of falling profits. Net profit in the Q1 fell 7.2% from year ago to CNY 1.5 billion. China's steel sector is facing its biggest challenges since the global financial crisis of 2008, as mills deal with heavy debt loads, chronic oversupply and mounting environmental protection costs. Beijing's move to rein in the construction sector, the main driver of the country's steel consumption, as well as its shift away from infrastructure investments, have also has caused demand growth to slacken, casting doubts on the outlook for the two commodities.
By Nat Rudarakanchana ,2014-08-21 00:00:00
U.S. wire rod and rebar market participants are expecting further price increases in the coming weeks even as tags held steady this past week, although views were mixed on how the hikes would be met. While the hikes could be accepted in a busy rebar market, wire rod buyers could could resist the moves amid uncertainty about demand, they noted. Tags have been steady the past week, buyers note, with industrial-quality low-carbon wire rod at $33.75 to $34 per cwt ($675 to $680 per ton).
By Jessica Dye ,2014-08-28 09:59:37
A program to compensate victims of crashes linked to a faulty ignition switch in General Motors vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer overseeing the program. Amy Weiss, a spokeswoman for Kenneth Feinberg, told Reuters that the 107 deaths were among 309 claims that have been submitted so far. The program began accepting claims on Aug. 1 and will remain open until Dec. 31. Before a claim is deemed eligible, it will be evaluated by Feinberg and his staff to determine whether the ignition switch was in fact responsible for causing a serious physical injury or death. If so, Feinberg will determine how much compensation to award. The number of death claims submitted already far exceeds the 13 deaths that GM has officially attributed to the switch, which prompted the recall of 2.6 million vehicles earlier this year. Jere Beasley, a lawyer representing multiple people who have submitted claims, said the pace for filing claims seemed slightly slower than initially expected, in part because lawyers may be waiting to see how much compensation will be offered for certain claims before bringing new ones. In addition, waiting also allows time to gather evidence to determine whether certain accidents could be eligible before submitting claims. Determinations on eligibility for claims will be made within 90 to 180 days after they are submitted, Feinberg said in June when he announced the program. Feinberg previously said he expected the highest volume of claims within the first few months of the program, as well as its last. Robert Hilliard, a lawyer representing hundreds of people who are either suing GM in court or filing claims with the program, said he anticipated the number of claims would grow steadily. GM has set aside $400 million to cover compensation through the program, although the amount of total payouts is not capped. Under the program's protocol, eligible claims for deaths linked to the switch will likely be awarded at least $1 million, which could increase, depending on factors like whether the deceased had children or other dependents. People submitting claims will not waive their right to sue GM unless and until they accept an offer from the program. Feinberg will make all determinations on eligibility and compensation, GM has said. A spokesman for GM, Jim Cain, said the company is allowing the process to continue at arm’s length. Feinberg has overseen compensation programs for victims of other high-profile catastrophes, including the Sept. 11, 2001 attacks and the BP oil spill in 2010.
By Sun Zhao、Yao Chun ,2014-08-27 10:25:15
CHENGDU, Aug. 26 -- Dongfeng Peugeot Citroen Automobile Company (DPCA) Ltd., a joint venture of French carmaker PSA Peugeot Citroen and Chinese automaker Dongfeng Motor Corporation, is expected to build a fourth factory in China. The plant, with an investment of 12.3 billion yuan (2 billion U.S. dollars) and an annual capacity of 320,000 vehicles, will be based in Chengdu, capital of southwest China's Sichuan Province, according to the Sichuan provincial development and reform commission, which approved the project on Monday. Construction will start later this year and the first car is scheduled to roll off the line late in 2016. DPAC currently has three plants in Wuhan, capital of central China's Hubei Province, with an annual production capacity of 750,000 vehicles. Major global car manufacturers, including Toyota, Volvo and Hyundai, have set up factories in Sichuan.
By CFM ,2014-08-28 00:00:00
As one of the largest exhibitions in Asia fastener industry, Fastener Expo Shanghai is the best choice for manufacturers to market and sell their products and services to thousands of interested buyers from throughout China and around the world. Being granted as the best place for industrial distributors, importers, sales reps and others Fastener Expo Shanghai provide you the chance to visit, touch and buy the latest product offerings as well as find solutions to unique and complex applications. The features of Fastener Expo Shanghai： Fastener machinery and tooling; inspection, testing and packaging equipment; abrasives; cutting tools; drills; hand tools; plant and safety supplies; and hundreds of other industrial products and services. The general info of Fastener Expo Shanghai 2105: Opening Time: 25~27, June, 2015 25~27, June, 2015: 9:00 AM ~ 16:30 PM 27, June, 2015: 9:00 AM ~ 14:00 PM Venue:Shanghai World Expo Exhibition & Convention Center, Hall 1 & Hall 2 (Address: No. 1099, Guozhan Road, Pudong District, Shanghai, China) Estimate Scale: Exhibiting Area: 42,000 sqm Exhibitors and Booths: 700 exhibitors (with more than 1,800 standard booths) Hall 1: The No.1 Greatest Pavilion of fastener machinery in the world Hall 2: The No.1 Asia Largest Pavilion of fastener and fixing products Visitors: 1,800 oversea visitors; 23,000 domestic visitors Organizer:Shanghai Ebseek Exhibition Co., Ltd. Overseas Agency:China Fastener Group Limited Designated Media:www.ChinaFastener.com.China Fastener Magazine.www.Luosi.com Web: http://shanghai.fastenerexpo.cn/en/index.html So click the following website：：http://shanghai.fastenerexpo.cn/en/exhibitors/register.html and be part of Fastener Expo Shanghai 2015 – the professional exhibition for fastener and fixing technology in Asia
By khunnawat.teer ,2014-07-28 00:00:00
Mr. Duangdej Yuaikwarmdee, Deputy Managing Director of Reed Tradex Co., Ltd. said that According to Ho Chi Minh City has granted investment licenses to 5 FDI projects with a total capital of USD220 million. The newly registered and additional investment came from Japan, Germany and Hong Kong. These projects include steel, mechanics, machinery manufacturing and automobile components. According to the Municipal Department of Planning and Investment, Ho Chi Minh City has provided investment permits for 169 new FDI projects with a total registered capital of USD967 million since the beginning of this year. Some USD110 million have been added to 53 operational projects, bringing the total foreign investment inflow in the city in the reviewed period to nearly USD1.08 billion, doubling the number of the same period last year. “The Positive movements are happening in ASEAN’s automotive manufacturing industry especially in Indonesia and Vietnam which are attracting more investment from giant car makers in order to possess the level of competitiveness that will yield success in the region, especially in the ASEAN Economic Community era. These movements indicate good heath of both the auto and supporting industries. Reed Tradex has realized that with the Government’s supports, Vietnam’s supporting industries serving the automotive industry, electronics industry, etc., are advancing to become stronger and stronger in response to the local manufacturing sectors’ needs for industrial parts; especially the demands from Japanese manufacturers, one of the biggest investors of the country. And with the ASEAN Economic Community era looming on the horizon, Vietnam’s supporting industries have both challenges and opportunities to handle. Opportunities reside in new machinery, technologies, and knowledge. With a view to help strengthening the industries with essential knowledge the industrialists can adopt to create a sharper competitive edge, Reed Tradex will join forces with Investment & Trade Promotion Centre (ITPC) and Japan External Trade Organization, Ho Chi Minh Office (JETRO) to organize MEGA Exhibition in this October 9 – 11. This year “METALEX Vietnam 2014” and “NEPCON Vietnam 2014” has grown by 20% and the number of exhibitor increased by 20%. We also have International Pavilions from Japan, Singapore, Taiwan, Korea, Malaysia, German, UK and Thailand. And we believe that in this year exhibition will be help drive the Vietnamese Manufacturer and the AEC market to competition in 2015. In addition for this year with collaboration from JETRO and ITPC are coming together to join their events, “Business Alliance for Supporting Industry 2014,” with Reed Tradex events “METALEX Vietnam 2014” and “NEPCON Vietnam 2014.” We believe this collaboration will benefit the growth of the supporting industries tremendously. Not only Vietnamese manufacturers will discover the latest machine tools and metalworking technologies and new SMT and testing technologies and equipment for electronics manufacturing but all Vietnamese manufacturers will also meet Japanese manufacturers who are looking for industrial parts and Vietnamese suppliers of quality parts and components, all in one event. Moreover, everyone will be able to gain new knowledge and networking opportunities through seminars and activities that will be concurrently held with the shows. Mr. Dao Thuong Khanh, Director of KSMC Co., Ltd. said that the leading company providing solutions for automation machinery and equipment for industrial manufacturing, cost savings, increase productivity and enhance product quality. Besides, the technology solutions that provide customers KSMC also help protect the health of workers and to create green working environment. The company's main customers are foreign invested manufacturing companies such as Japan, South Korea, USA, and Taiwan. At the moment, there are more than 60% of FDI companies in the EPZs, the industrial parks in Vietnam have cooperated with KSMC. Our motto is to update new technology that gives customers the optimal solution based on production to the latest manufacturing technology by Panasonic to attain the best quality, save production costs, and improve labor productivity. We will exhibit the laser printing, Engraving, laser welding technologies; Laser sensors. Especially the Panasonic Eco Technology - core technology on saving and efficient use of energy resources in accordance with ISO50001 standard. And this is the first time for Panasonic Industrial Devices SUNX (PIDSX) and Panasonic Industrial Devices Automation Controls Sales Asia Pacific (PIDACSAP) will participate with KSMC in METALEX Vietnam to showcase their new product ranges of sensors and Laser Market system. The first product is HG-C1000, Ultra-compact and precise positioning sensor that is realized by CMOS and new optical system. And the second one is LP-GS, Revolutionary compact size, Z-direction control and smart operation. Mr. Luu Trung Manh, Regional Managing Director of Carbon Vietnam Co., Ltd. said that Carbon Vietnam Investment Corp, is one member of Carbon Group Company, we are specialized in Foundry industry a part of supporting industry in Vietnam. We also focused on recycling metals including aluminum. Carbon does not invest in traditional industries but focusing on customers’ demand survey and supply capabilities in the world. Nowadays, supporting industry and heavy industry in Vietnam have been increasingly growing, especially when the Common Market Asia will be set up. Most firms from Japan, South Korea and Taiwan are shifting to invest in Vietnam. This is considered the opportunities as well as challenges for Vietnam and requires the help and cooperation from the Government. However, Vietnam has many advantages in human resources, land, natural resources, and the South China Sea is the main gateway to facilitate the attraction of foreign investment. METALEX Vietnam is evaluated as one of the best international exhibitions in Vietnam and good criteria for the field of metal, professional organization, that's why we chose METALEX Vietnam. In recent year, METALEX Vietnam was held successfully. Our main purpose to joining this exhibition is to spread the company’s image to the partners. This time, we will showcase the Foundry products at the exhibition which attracts more businesses to participate. Mr. Pham Van Toi, Director Tri Viet Technical Co., Ltd. said that we are supplier of machinery and equipment leading in Vietnam in the field of engineering machinery industry, besides providing products of machinery, equipment and spare parts for the mechanical engineering industry, construction. We also choose efficient investment solutions for enterprises come to Vietnam. Customers will be satisfied with the technical solutions and the best service as consultants selected investment options; installation, warranty, maintenance of industrial machinery; technical training and skills to operate machinery, equipment. Tri Viet is focusing on developing optimal range for each type of machinery, industrial equipment at the potential market and product diversification provided the Vietnam market. The goal of Tri Viet is becoming a long-term investment and business efficiency. In METALEX Vietnam, Tri Viet expects to introduce more machines with high-tech equipment in accordance with industry in the country and contributing to the overall development of the supporting industry in Vietnam. “Business Alliance for Supporting Industry 2014” “METALEX Vietnam 2014” and “NEPCON Vietnam 2014” will be organized during 9-11 October 2014 at Saigon Exhibition & Convention Center (SECC). Reporters who need more information please contact: firstname.lastname@example.org
By Ken Liu ,2014-08-01 09:47:55
The Foxconn Technology Group of Taiwan will reportedly use self-made “Foxbot” to assemble Apple's iPhone 6, which will be the world's first smartphones to be assembled by robots. According to online media 9to5 Mac, Foxconn, Taiwan's No.1 ITC subcontractor by revenue, is preparing to automate assembly with robots, with the iPhone 6 to be the first to roll off the lines. Each of the 10,000 Foxconn robots for the assembly lines costs US$20,000-25,000 and can assemble 300,000 smartphones on average. Media reported Hon Hai chairman Terry Gou as saying that the robots are in the final testing stages and won't be for sale to outsiders due to insufficient volume for internal use, on which Foxconn has declined to comment. Industry executives feel such robotic automation is the group's first step to boost production efficiency and its next step is to further enhance competitiveness by linking the robots to the Internet of Things to enable inter-communication. They said the group's factory in the Henan Province capital of Zhengzhou, China, will be the group's first plant to deploy robotic production for it has assembled iPhones mostly at this location. They also noted that such automation shows the group's breakthrough in robotic manufacturing after Gou pledged in 2011 to build an army of one million robots in three years, with Gou saying the group will add 30,000 robots annually. Industry executives sayid Foxconn's robots will play only an auxiliary role initially, mainly to install screws on housings, assemble exterior parts and polishing, and that the group's robots have achieved technical breakthrough in boosting defect-free assembling. After allying with Softbank of Japan to invest in robotic manufacturing, Foxconn plans to partner with American enterprises on such technology and Google is reported to be a partner. The group will later use robots in healthcare and household applications. Driven by the news on the latest Foxconn-Apple deal and more new Apple products to be launched in H2, 2014, industry executives estimate Foxconn's earnings-per-share at NT$8.97 for 2014 (up 9.4% YoY), NT$10 for 2015 and NT$10.54 for 2016. (KL)
By Associated Press ,2014-07-30 11:06:48
BEIJING (AP) — General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts. GM said 25 July the defect might allow seats to descend to their lowest position, possibly causing a safety hazard. The company did not say how many of each type of vehicle were being recalled. In total it is recalling 19,836 vehicles. This is GM's third recall in China in 14 months. In December, the company and its main Chinese partner recalled 1.5 million vehicles to replace a fuel pump bracket. In May 2013, they recalled imported SRX sport utility vehicles to adjust nuts on wheels
2014 Five Region Fastener Association Conference was successfully held on 13 Apr in KECC Taiwan .Five Region Fastener Association Conference is a yearly event held by the regions of Mainland China, Hong Kong, Taiwan, South Korea and Japan. It was Taiwan Industrial Fastener Institute's turn to hold it this year. There are about 200 attendees in the conference. Among them, 27 of them came from South Korea, 36 from Japan, 52 from mainland China, 52 from Taiwan China, 36 from HK China. ChinaFastener.com witnessed the big event as one of the most influential media in the industry, providing technical support for the conference. 2014 Five Region Fastener Association Conference was officially opened at 2 o’clock in the afternoon. Concentrating on the development of fastener industry in the past one year, the representatives of five regions made an industrial report respectively. They were Mr. Thompson T.H.Chang, president of Taiwan Industrial Fastener Institute;Mr. Feng Jinyao, chairman of China Fastener Industry Association; Mr. Lin Zhi Ming, chairman of Hongkong Screw & Fastener Council; Mr. Yu Zhenshan, president of Korea Federation of Fasteners Industry Cooperatives; and Mr. Katsuyoshi Okawa, chairman of the Fasteners Institute of Japan. The holding of Five Region Fastener Association Conference not only strengthen the friendship and communication among five regions, but also provide a platform for entrepreneurs to learn the latest development of fastener industries in five regions and plan the next step to develop enterprises. After the cheerful intermission, Mr. Thompson T.H.Chang gave speech on the theme of " Yesterday, Today and Tomorrow of Taiwan Fastener Industry" and showed great confidence in future development. With the announcement that the next year’s Five Region Fastener Association Conference will be held in Hongkong by Hongkong Screw & Fastener Council, 2014 Five Region Fastener Association Conference came to an end.
Considered as the leading trade fairs throughout the world, Wire Düsseldorf was grandly opened on 7th Apr 2014 in the trade hub of Düsseldorf, Germany. Being as one of the most influential media in fastener industry, ChinaFastener Magazine had a successful kick-off on the exhibition by distributing the newly published 15th issue magazine and recommending quality suppliers to the visitors. CFM exhibits in the 2014 Wire Düsseldorf "Visitors pouring in at all three entrances and bustle and bustle in 15 exhibition balls; the first impression doesn’t lie. Wire and Tube 2014 can look back on a very successful first day," Friedricb-Georg Kebrer, Director of wire and tube 2014, is obviously happy about the first day of the events. "Overall we expect more than 70,000 visitors from all over the world, who want to experience five days of innovations in the fields." The space area has a 4% increase to 50,500 square meters. According to the data offered by VDMA（German Engineering FederationIn) on the show, the output value of mechinical equipment worldwidely in 2013 is 2,225 biliion euros, slightly declined from 2,230 billion euros in 2012. German ranked as the third biggest mechinical equipment manufacturer and accounted for 11% share of the output value，says 2,460 billion euros. China topped among all the other countries with the output value of 7660 billion euros, which took 34% of the world's whole output value. America's output value reached 3,260 billion euros, ranking second on the list. And Japan ranked forth as its output value was 1,930 billion euros. CFM was also infected by the hot scene and had pleasant talking with many professional buyers .Most of them find ChinaFastener Magazine to be very beneficial for them to learn the latest market trend of Chinese fastener industry. And the column of Buyer's Guide ,which include nearly 500 excellent fastener suppliers’ information, facilitates buyer’s purchasing in a great deal. CFM with BRANKAMP CFM noticed that the big shots in the industry are gathered in this splendid event, such as Shanghai Fast-Fix, SRC Metal, Lianyungang Xingyi, Jiangsu Washen, Jingjiang Hengfeng, Shanghai Rivet, Jiaxing Allywin, Jiaxing Chinafar, Ningbo Jingle, Zhejiang New Oriental, Wenzhou Kaixu, Wenzhou Jinsheng. And 3View, Brankamp, Accuvision, Carlo Salvi, Chun Zu, CPM, Sacma, Jern Yao, Nakashimada, National Machinery, Nedschroef, Sakamura Machine, Sala, Simufact, Videx and so on also said that they would participate in 2014 Fastener Expo Shanghai. Since the economic crisis, wire and cable machinery industry has been experiencing a significant uprising in orders and sales. Despite current regional risks and uncertainties, the outlook for global growth, as predicted by economic experts at 3.4 percent GDP for the year 2014, is supported by the global economic recovery.
The 2nd Guangdong Fastener Economy, Trade & Technology Symposium was held successfully on Mar. 29, 2014 in Foshan, Guangdong, China. It was organized by Guangdong Fastener Industry Association and co-organized by www.chinafastener.com, aiming to promote the health development of Guangdong fastener industry and provide a platform for member enterprises to release information, show products, and strengthen cooperation. As the statistics showed, the whole production volume of fasteners in mainland China in 2013 was up 7.53% to 6.39 million ton. Rapid growth was seen in the middle part of China; on the contrary, the fastener production of Guangdong Province has decreased 8.14% to 110,153 ton. Lots of experts in fastener industry showed up and exchanged their views of the fastener business, like Eagle Metalware, CARLO SALVI cold headers, Shanghai Chun Zu Machinery Industry Co.,Ltd, Foshan Kuiloon Metal Products Co., Ltd. etc. And so did Hong Kong Screw & Fastener Council and Taiwan Fastener Trading Association. They agreed that 2013 was a difficult year for fastener industry and this kind of symposium could boost the development of fastener industry and bring new opportunities. At the event, ChinaFastener Magazine was quite popular among the attendees. During the welcome dinner, Mr. Yang J. F., CEO of www.chinafastener.com and vice-president of Guangdong Fastener Industry Association, had awarded honor plaques to the new members of the association.
After two months’ dedicated preparation, ChinaFastener Magazine (CFM) finally meets its new issue (15th issue) today. Founded in 2007, CFM is the unique professional fastener publication in both English and Chinese in mainland China, published by www.chinafastener.com in every February and August, with circulation of 15000 copies per issue, reaching a readership of 40,000 (print plus CD and digital version online) around the world. New Highlights of 15th issue CFM Firstly, News column covers several countries like China, America, Brazil, and Europe. America and Europe have been the important export destinations of China’s fastener industry. However, the fastener export to America and Europe has been declining while the export to new emerging markets keeps going strong. Brazil has become the important market for fastener companies to explore in recent years and learning the local news will be helpful for making market decision. Secondly, Close to Suppliers column can make you learn suppliers in detail. In this column, there are the rivet expert Shanghai Fast-Fix, general metal finishing leader Atotech, expansion anchor supplier Ningbo ABC, and stainless steel fastener supplier Foshan Kuiloon. Thirdly, Exhibition Preview Column provides reference for attending exhibitions. The 15th issue CFM makes an extension on Exhibition Preview, which includes all fastener related exhibitions and makes a simple introduction for every exhibition. Fourthly, a must-owned Buyer’s Guide. Buyer’s Guide of 15th issue CFM is informative, valuable and time-efficient. It includes nearly 300 excellent export-oriented fastener suppliers in China, and all the information is verified one by one by the Buyer Service Team of www.chinafastener.com. The suppliers are classified with product category, by which, international fastener buyers can easily find the target suppliers. Fifthly, get popularity with international enterprises. ChinaFastener Magazine is the first fastener publication in English and Chinese in mainland China. With its increasing popularity and influence, more and more international enterprises like ATOTECH, SRC, Visacom, Kwok Tai, Manzoni, and Dowa and so on choose CFM as the effective channel to publicize company brand and explore oversea markets, which reflect CFM plays an important role in the world. The 15th issue of CFM will be distributed by all available channels of internet, express and exhibition in the forms of digital version, hard copy and CD. A quick access to 14th issue of CFM, please visit http://www.chinafastener.com/magazine/. The 15th issue CFM will attend Fastener Fair Hanover (booth No. A81) on Apr. 8th to 10th, 2014. If you are going to visit this exhibition, you are welcomed to come to our booth for getting a hardcopy. Click Here to Read Free Online
Waiting outside before the official open of Fastener Expo Guangzhou Looking at the floor plan carefully 2013 Fastener Expo Guangzhou grandly opened at 9:00 in the morning of Nov. 12th, 2013 in Poly World Trade Expo Center, Guangzhou, China. It is the sister exhibition of Fastener Expo Shanghai, organized by Shanghai Ebseek Exhibition Co., Ltd. 2013 Fastener Expo Guangzhou showcased a wide range of standard fasteners, industrial specialized fasteners, stamping parts and lathe parts, fastener materials, fastener moulds, fastener equipments and technology, and other service in the exhibiting area of 11,300 square meters. It attracted 180 enterprises exhibiting in 320 booths. It was characterized with highly gathering of domestic name-brand companies, like the equipment enterprises of Foshan Meigs, NEDSCHROEF Herentals, Ningbo Sijin, Taiwan Jagular etc., the material suppliers of Ma Steel, TengLong Stainless Steel Wire, Foshan Kuiloon, Guangdong Jiansheng etc., the fastener manufacturers of Eagle Metalware, Zhongshan General Screw, Sun-Maku and so on. Entering venue 2013 Fastener Expo Guangzhou is the most noteworthy fastener exhibition in Southern China. According to pre-register statistics, there will be about 15,000 domestic professional visitors and 1,000 oversea buyers come to Fastener Expo Guangzhou in the three days’ exhibition. In the first day, you can find every aisle was filled with visitors; they were looking at the fastener products carefully, or exchanging name cards, or sitting down and talking something in front of a negotiation table. According to the latest statistics, China’s fastener export saw a slight increase of 0.67% year-on-year to USD 3.592 billion in the first three quarters, turning the negative growth in the first half year of 2013 to positive growth in the third quarter. However, that the depressed global economy, the influence of American debt crisis, and EU’s antidumping measures on Chinese fasteners makes China’s fastener export confronted with serious challenges in the rest of 2013. Under such a background, the holding of Fastener Expo Guangzhou, just like the sunshine after rain, is helpful for the fastener enterprise in Southern China to explore markets and boost fastener trading. It is of great significance. For more information about 2013 Fastener Expo Guangzhou, please keep a close eye on www.chinafastener.com.
2013 METALEX Vietnam, organized by Reed Tradex, was grandly opened on October 10th, 2013 in Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, Vietnam. It lasted for three days from Oct. 10th to 12th, 2013. ChinaFastener.com, being the supportive media, attended in 2013 METALEX Vietnam (Booth No. C28) to explore the fastener market in Vietnam. METALEX Vietnam was firstly held in 2007 and has been held for six years, enjoying a high popularity in local. It is the largest and most professional exhibition in Vietnam’s tooling, metal processing & mechanical industry. 2013 METALEX Vietnam attracted nearly 500 global brands from more than 400 enterprises. Most of the exhibitors were from ASEAN, taking up 93% of the totals’. There were 213 exhibitors from Vietnam, 71 from Thailand, 27 from Taiwan, 23 from mainland China, and 22 from Japan. In addition, there were also exhibitors from Germany, Italy, America and Canada. It is learned that Vietnam’s fastener market is huge for two promising industries. The first one is engineering machinery and part industry. According to related statistics, Vietnam will invest USD 160 billion in infrastructure construction, which include the 5,000 - kilometer - long expressway, 300 to 400 kilometer-long railway, and 12 airports. With the development of infrastructure, the demanding for fasteners is large. However, only 6% of the metalwork and industrial products are produced by Vietnam, the rest relies on import. The second one is automobile, motorcycle, and accessory industry. Motorcycles are the common vehicles for Vietnamese in daily life. The sale of motorcycles was 2.5 – 3 million units in the past five years in Vietnam. Now Vietnam has become the fifth manufacturing strategic market of motorcycles in the world. With the improvement of infrastructure, the demand for cars and trucks is also increasing in the cities. Hence, the component market will be bright in Vietnam. Worth to mention, ChinaFastener.com attracted many visitors for its 14th issue ChinaFastener Magazine Buyer’s Guide. Buyer’s Guide includes nearly 300 excellent export-oriented fastener suppliers in China. The suppliers are classified with product category, by which, fastener buyers can easily find the target suppliers. It is informative, valuable and time-efficient. Japan Pavilion Taiwan Pavilion Thailand Pavilion Singapore Pavilion