By CFM| 2015-11-06 00:00:00
By CFM| 2015-11-03 00:00:00
By CFM| 2015-10-29 00:00:00
By CFM| 2015-10-26 00:00:00
By The Telegraph ,2015-11-12 09:50:34
UK steelmakers are demanding that business secretary Sajid Javid presses for an immediate halt to dumping of Chinese steel at a crunch Brussels summit today. The steel industry is buckling under a full-blown crisis amid an influx of cheap Chinese steel imports, which is intensifying pressure from high energy costs and onerous taxes. Almost 5,000 British jobs have been lost at Tata Steel, SSI and Caparo Industries in recent weeks, as the sector fights for survival. The Sunday Telegraph revealed that Tata’s problems are so acute that it is demanding suppliers cut prices by 30pc. The crisis is threatening to spread even further, amid reports that Sheffield Forgemasters, the maker of the Iraqi “super gun”, is seeking external investment to bolster its finances. Steelmakers hope today’s crisis talks in Brussels will see co-ordinated action to stop China’s state-backed steel-makers flooding Europe with excess production as the Chinese economy slows. The meeting – called by Business Secretary Sajid Javid – will see the minister come together with his European counterparts to discuss how to tackle mounting problems. Trade body UK Steel is demanding the EU acts quickly and decisively to block Chinese steel imports. “The US and other countries have already moved to prevent cheap Chinese imports distorting their markets and now the EU must do the same – and quickly,” said Gareth Stace, director of UK Steel. “The UK must seize the moment and encourage a rapid response in Brussels if we’re to prevent large scale problems for steelmakers spreading in Britain and across Europe.” UK Steel criticised the EU’s slow action in tackling the issue, claiming it can take a year to enact measures, compared with just weeks in the US. Even high-end steel businesses such as Forgemasters, which make parts for Roll-Royce’s nuclear reactors found in Royal Navy submarines, are being hit by the crisis. Forgemasters is best known for its involvement in the 1990 super-gun scandal when it thought it was making pipes for an oil project. It was later the subject of a politcal row over an £80m loan pledged by Labour, which was eventually halted by the coalition government. The company, which has 760 employees and an annual turnoverof about £80m, has confirmed it is in talks about possible new investors. However, there is no suggestion it is facing the kind of difficulties that could cause it to fail. A Chinese steel company backed by Beijing is reported to be among the potential investors, raising concerns about sensitive defence contracts. The company is also understood to have engaged KPMG to explore strategic options. Although Forgemasters' holding company has not filed accounts for two years, publication of its results are said to be “imminent” and are currently in audit. Graham Honeyman, Forgemasters chief executive, said: “We have been in discussions with a view to securing new business and potential external investment as part of a long-term business development strategy. “Despite challenging trading conditions which have affected the industry worldwide, the company remains financially stable and continues to win notable orders in defence, power generation, manufacturing and offshore sectors.” The developments came as former Rangers football team owner Sir David Murray offered a ray of hope to the 270 staff set to lose their jobs as Tata closes two Scottish plants as a result of the crisis. The businessman, who formed Murray International Metals while in his early 20s, said he had held talks with Tata about the plants’ future. "Having been involved in the industry for more than 40 years - and the plant at Dalzell is one of my main suppliers - it is obvious that I would be concerned, as both a customer and as an employer, over what I could do to assist in helping to preserve such iconic brands," Sir David said, but warned: “No one should underestimate the gravity of the difficult challenges that lie ahead.
By CFM ,2015-11-11 11:10:48
For the sake of drawing support from the Zhongjin Guotai Holding Group Co., Ltd. who has great influence in Supply-chain Finance, E-Commerce and Industry Funds, etc, Handan Government has successively sent representatives to link up with Zhongjin Guotai, inviting the company to invest in Handan City. By in-depth communication, Handan Government successfully facilitated Zhongjin Guotai to invest in setting an Intelligent Science and Technology Industrial Park and to set up a series of Finanace & Supply-chain Solutions including relative industrial funds. of Standard Parts On Oct. 22, taking a total space of 1,000 Mu, the Intelligent Science and Technology Industrial Park of Standard Parts, in which Zhongjin Guotai invests 5 Billion CNY, has formally come into effect. On site of the very room that witnessed the whole process of signing the contract, Deputy Mayor of Handan City, Mr. Hou Huamei introduced the current development situation of Handan’s Standard Parts Industry. Standard Parts produced in Yongnian County of Handan City takes around 45% of the national market share of Standard Parts, with an output value of near 20 Billion CNY. Yongnian County is the largest production base and distribution centre of fasteners in China, earning a crown of “The City of Fasteners”. However, the Standard Parts Industry in Yongnian County is now exposed to the challenge of improving the product level and the market competitivenss. With the aid of the project, the Standard Parts Industry in Handan, in particular Yongnian County, will be able to accelerate the pace of transformation and upgrading.
By CFM ,2015-11-09 00:00:00
It is reported that Wenzhou Junhao Industry Co., Ltd. invested 1 Billion CNY in a fastener project which is supposed to produce annually 100 thousand tons of fasteners, a project that is started in Poyang County of Jiangxi Province, China. Learned by CFM Journalist, this fastener project would emphasize on the production and sales of high-end fasteners. Occupying a total space of 180 Mu, it is predicted to earn over 0.3 Billion CNY after the accomplishment of first-stage project. Annually the sales revenue of these fasteners should reach to over 2 Billion CNY after achieving the production and standard targets. The introduction of this project would promote the development and upgrading of Hardwares & Electricals in Jiangxi Province.
By CFM ,2015-09-02 11:00:09
Based on the supervision of Ministry of Commerce of People’s Republic of China, it was reported that the price of steel dropped by 0.9% during last week (August 24-30). Within the whole decrease, the prices of hot-rolled sheet and highspeed wire rod declined by 1.3% and 1.2% respectively. In last week, the global financial market had suffered from the Black Monday, which didn’t bring a huge impact on the steel market, due to the monetary adjustment and control policy by China Government. The declining amplitude of steel price showed a continuously narrowing tendency. In consideration of the sluggish demand of steel from downstream enterprises, the merchants should still quicken their shipment. It was estimated that in this week, the steel market will continue its weak consolidation on price with limited decreasing potential.
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 Fastenal ,2015-11-13 09:56:53
Fastenal Company (Nasdaq:FAST) announced today it has signed an agreement to acquire certain assets of Fasteners, Inc. a regional industrial and construction supply distributor with store locations in the states of Washington, Idaho, Oregon, and Montana. The agreement includes several conditions to close, and we expect to close by the end of October. "We feel this is a great opportunity to grow our operations within the Pacific Northwest," said Dan Florness, Executive Vice-President and CFO of Fastenal. "Fasteners, Inc. shares our same core values of integrity and great customer service, and we believe they will be a great strategic fit within our shared geographic locations." "I am extremely excited about the opportunity for the business and our employees to move forward with Fastenal," added Dennis Hanson, President and owner of Fasteners, Inc. "Fastenal brings an enormous supply capability and cost savings technologies to our customers. This union will help us grow and better serve our customers, while maintaining the excellent quality and service our customers expect." Fasteners, Inc. was founded in Spokane, Washington in September 1961. As the name implies, the company focuses on fastener products, but also sells a broad range of industrial supplies. The company has grown its business over the years to include thirteen store locations and anticipates 2015 revenues of approximately 36 million. Fastenal sells different types of industrial and construction supplies in the following product categories: threaded fasteners and miscellaneous supplies; tools; metal cutting tool blades and abrasives; fluid transfer components and accessories for hydraulic and pneumatic power; material handling; storage and packaging products; janitorial, chemical and paint products; electrical supplies; welding supplies; safety supplies; metals, alloys and materials; and office supplies. Fastenal operates approximately 2,600 stores located primarily in North America with additional locations in Asia, Europe, Central and South America, and Africa. The Company operates 14 distribution centers in North America; eleven in the United States - Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington, California, Utah, North Carolina and Kansas, and three outside the United States - Ontario, Canada; Alberta, Canada; and Nuevo Leon, Mexico. This press release contains statements regarding Fastenal's expectations about the strategic fit and expected revenues of Fasteners, Inc. and the anticipated closing of the transaction that are not historical in nature and are intended to be, and are hereby identified as, 'forward looking statements' as defined by the Private Securities Litigation Reform Act of 1995. Factors that could cause our actual results to differ from those discussed in the forward-looking statements include, but are not limited to, the failure of certain conditions to closing to be satisfied, economic downturns, weakness in the industry, and changes in customer needs. A discussion of other risks and uncertainties is included in Fastenal's filings with the SEC , including our most recent annual and quarterly reports. Additional information regarding Fastenal is available on the Fastenal Company website at www.fastenal.com.
By Global Fastener News ,2015-11-11 11:08:27
Four companies have merged to form SouthernCarlons, an organization that will serve fastening and packaging businesses. The companies are Carlson Systems, Omaha, NE; Kentec, Snellville, GA; Southern Fastening Systems, Muscle Shoals, AL; and Duo-Fast Carolinas, Charlotte, NC. SouthernCarlson will have corporate offices in Omaha, NE, and Muscle Shoals, AL, with more than 140 locations in 34 states. Bringing these individual regional leaders together was an easy decision, according to SouthernCarlson President Jim Whitley, who said, “When we started looking at each of our businesses individually, we realized the common thread was service. No matter what we sold, we all realized that if you consistently deliver exceptional service to the customer, you will keep that customer for life.”
By NIFMSE ,2015-11-27 09:26:32
-Acquisition Adds New ManufacturingEnd-Marketto the Emerald Portfolio - SAN JUANCAPISTRANO, Calif. – November 12, 2015 – Emerald Expositions, LLC(“Emerald”),a leadingbusiness-to-business tradeshow and conference producer, today announced itsacquisitionof the NationalIndustrial Fastener & Mill SupplyExpo (“FastenerExpo”) from JimBannister and Mike McGuire, the show’sco-owners.From the first FastenerExpo thirty-fiveyears ago, this event has brought together manufacturers and distributors ofindustrial fasteners, precision formed parts, fastener machinery &tooling, and otherrelatedproducts and services with distributors and sales agents in the distribution chain.The 2015 event took place recently at theSands Expo &Convention Center, LasVegas and featured an all-dayconference programpresented by endorsingfastener associations, ashow floorwith morethan 600 exhibitingcompanies from 20 countries, and buyersfrom 38 nations aroundthe world. “Fastener Expo is an attractive entrypoint forus into the industrials sector andbroadens ourend market exposureand opportunities,” said David Loechner,Chief Executive Officerof EmeraldExpositions. “FastenerExpo aligns perfectlywith the criteriawe look forin acquiring newevents – strongunderlying marketfundamentals, a“must-attend” event witha clearleadership position,experiencedand high quality management,andan event that will benefit from the managementand infrastructureof the Emeraldorganization.” “Ourrecent showwas the largest and strongest eventever, with over 100 newexhibiting companies,”noted Mike McGuire. “Emerald’sscale and expertise shouldhelp take this show to even greater heightsfor bothexhibitors and attendees.” To ensure a seamless transition,Jim Bannister, who has operated theshow sinceits inception, will provideconsultingservices to Emerald and willsupport Susan Hurley, who will continue to manage the event from her central Ohiooffice, nowas Show Director forEmerald. - more- “I’m delighted that theNationalIndustrial Fastener &Mill Supply Expowill continue to grow and thrive under thestewardship of Emerald Expositions,” saidJim. “Tosee how far this show hasevolved over thepastthree decades has been amazing, and based onrecent attendancetrends, the futureof theevent is verybright.” Corporate Solutions ofWestport, Connecticut was the exclusive advisor to the sellers in arranging, structuring andnegotiatingthis transaction. Thefinancial terms of the transactionwerenot disclosed. # # # About Emerald Expositions Emerald Expositions is aleadingoperator of largebusiness-to-business tradeshows in the UnitedStates, producing morethan 80 tradeshowsand conference events peryear, connecting hundredsof thousands of buyers and sellers across ten diversified end-markets, includingGift, HomeandGeneral Merchandise; Sports & Apparel;Design;Jewelry,Luxury,and Antiques; e-commerce;Creative Services; Healthcare; Military;Licensing;and Food. Emerald is headquartered in San Juan Capistrano, CA. The company’s shows aretypically the most prominent andimportant forexhibitors and attendees within their various industries. For more information on Emerald, pleasevisit www.emeraldexpositions.com For further information:Emerald Expositions: Philip Evans, Chief FinancialOfficer949.226.5714 email@example.com
By CFM ,2015-11-06 00:00:00
As the last professional fastener exhibition of 2015, Fastener Expo Guangzhou declared open on Nov. 1, welcoming every comrade in the fastener industry. Organized by Guangzhou Ebseek Exhibition Co., Ltd, Fastener Expo Guangzhou was a three-day exhibition during Nov. 1-3, held at Poly World Trade Expo Center, Guangzhou (No.1000, Xingang East Road, Haizhu District, Guangzhou City, China). Appointed as the media partner, ChinaFastener.com (CFM) followed to report this grand fair. “We have organized a series of exhibitions naming Fastener Expo. Fastener Expo Shanghai should be the most influential one, since it is now one of the top three exhibitions in the field of fastener industry. Fastener Expo Guangzhou ranks in the second place. This is the third edition of Fastener Expo Guangzhou. We are expecting a greater potential of Fastener Expo Guangzhou.” Manager of Guangzhou Ebseek Exhibition, Mr. Wang Yanbo told CFM Journalist. On the first day of Fastener Expo Guangzhou, there collected a large crowd of merchants, including 181 enterprises whom took 371 booths, and 6824 visitors. Comparing with that of last edition, the number of exhibitors and visitors increased by -3.2% and 15.13% respectively. Though the number of exhibitors dropped slightly, the number of booth taking by these enterprises was 14.15% increased. 286 overseas visitors were recorded to be from countries such as Germany, Japan, Korea, etc. On the site of Fastener Expo Guangzhou, visitors were numerous as it could be seen. In every lane of the exhibition, there crowded hundreds of visitors. Two special lectures regarding fastener technology and how fastener industry could embrace the Internet and E-commerce were arranged in the conference room onsite. Representatives from Pearl Delta River Region Fastener Technician Association, CEO of Luosi.com and General Manager of www.gpyh.com were invited. Lecture One Mr. Yang Junfeng, CEO of Luosi.com Mr. Chen Huagen, GM of GPYH.com Part of the exhibitors extended great enthusiasm when CFM Journalist came to their booths and made interview. Different sorts of responses were received. Based on their responses, they considered that Fastener Expo Guangzhou was a good channel to display their products. However, influenced by the harsh commerce situation globally, the number of purchasers on site who extended purchasing wills declined, comparing with that of the past editions. Following was the pictures of part of the exhibitors receiving the interview. Yuyao Xintai Foshan Sailuk Rivet Jiangshu Washen Zhongshan General Screw Jiaxing Chinafar Shanghai King Fastening Wenzhou Shengnan Shanghai Chengtai Dongguan Demeng Hardware Jiangsu Yagu Suzhou XLing Wenzhou Fengding Yi Bao Metal Jieyang 66 Foshan Guangqingchang Boito Cixi Jinggeng Dongguan Xinxin For more information, please browse http://gzcn.fastenerexpo.cn/
By Fastener and fixing ,2015-11-19 00:00:00
The European Union has given notice of appeal to the WTO in response to the compliance panel ruling issued, following China’s complaint that the EU’s anti-dumping measures on fasteners had not properly complied with WTO rules. On 9th September the EU notified the WTO Dispute Settlement Body of its decision to appeal to the Appellate Body in relation to issues of law and legal interpretations in the Compliance Panel Report relating to Dispute DS397. On 14th September China notified the DSB of its decision to cross-appeal. Three members of the WTO’s seven-strong appellate body will hear the appeal. A decision is normally issued within three months of the appeal being lodged. The appeal must be based on point(s) of law and cannot reopen factual findings made by the panel. The dispute originated in July 2009 when China requested consultations regarding EU regulation 91/2009, which imposed definitive anti-dumping duties on imports of certain iron and steel fasteners originating in China. Following a Panel Report in December 2010, and a subsequent Appellate Body Report issued in July 2011, the EU did make some amendments to the anti-dumping measures including a reduction in the non-company specific tariff level to 74.1%. In October 2013 China began proceedings, resulting in the request for a Compliance Panel to address a number of alleged failures by the EU to meet its obligations under WTO rules. The Compliance Panel report was issued in August 2015. According to trade defence specialists, a key ruling was that the EU was found not to have correctly defined the domestic industry in its investigation. This, the Compliance Panel ruled, rendered the resulting injury determination inconsistent with the obligations of Article 3.1 of the WTO anti-dumping agreement.
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.
On Oct. 12, as the annual grand fair in Asia, the 2015 Five Regions Fastener Association Conference was successfully held in HK. Approximately 240 entrepreneurs in fastener industry of Mainland China, Hong Kong, Taiwan, Korea and Japan attended this conference. As the invited media partner in the field of fasteners, ChinaFastener.com followed to report this conference. Based on the introduction by Mr. Lin Zhiming, President of Hong Kong Screw & Fastener Council, there were 191 fastener enterprises participating in this conference, among which there were 39 enterprises from Mainland China, 65 enterprises from Hong Kong, 41 from Taiwan, 16 from Korea and 30 from Japan. Simultaneous interpretation in different languages was provided for entrepreneurs to better understand the speeches of representatives from different regions. Mr. Lin Zhiming, President of Hong Kong Screw & Fastener Council According to the conference agenda, the conference was organized in two halves, which was in a large degree different from the former editions. The first half was held in the morning and the second half was arranged in the afternoon. “The extension of the schedule would provide attendee with enough time to communicate for the sake of mutual improvement and development as well as attracting more entrepreneurs to attend this conference.” said President Lin Zhiming. The first half of the conference began after the opening ceremony declared by President Lin Zhiming. Mr. Godfrey Leung King-kwok, Under Secretary for Commerce and Economic Development of HKSAR, was invited as an honorable guest to deliver the welcome speech. Later, Chairmen or presidents from Korean Federation of Fasteners Industry Cooperative, The Fasteners Institute of Japan, China General Machine Components Industry Association, Taiwan Industrial Fastener Institute extended speeches respectively and orderly. Orderly from the left side, they are Mr. Auh Jin-Sun from Korean Federation of Fasteners Industry Cooperative, Mr. Masaki Aizawa from The Fasteners Institute of Japan, Mr. Yang Xuetong from China General Machine Components Industry Association, Mr. Anchor T. H. Chang from Taiwan Industrial Fastener Institute. The organizer also invited a specialist in fastener industry, Dr. h. c. Mathias Liewald from Institute for Metal Forming Technology of University of Stuttgart to give a technical speech on the conference with the topic of Industry 4.0 in Cold Forming/Forging Processes. His speech was highly evaluated by the attendees. Dr. h. c. Mathias Liewald Q & A Section In the second half, entrepreneur representatives from different regions were invited to give theme speeches. Learned by CFM Journalist, these speeches were highly evaluated by attendees since these speeches gave them great inspiration of development direction in the future. Speaker Title Speech Kim Hong-Keun President of Dreamtec., Inc. and Professor of Hoseo University Trend of Fastener Industry Yoshikazu Oiso Managing Director of The Fasteners Institute of Japan Technical Trend of the Fastener Industry in Japan Yang Junfeng CEO of ChinaFastener.com INTERNET + Changes to Fastener Industry Chen Ching Ming Deputy CEO of Metal Industries Research & Development Centre Technology Upgrading Model of the Taiwan Fastener Industry Tsui Ping Kwong & Jennifer Tsui Permanent Honorable Chairman of the Hong Kong Screw & Fastener Council//General Manager od Shing Hing Industrial Limited Heritage of Family Business and Sustainable Development in the Fastener Industry Orderly from the left side they are Mr. Kim Hong-Keun, Mr. Yoshikazu Oiso, Mr. Yang Junfeng, Mr. Chen Ching Ming, and Tsuis Ping Kwong & Jennifer Tsui At the closing of this conference, President Lin Zhiming announced that Korean Federation of Fasteners Industry Cooperative would be the organizer of the next edition of Five Regions Fastener Industry Association Conference. Representing the whole Korean Delegation, Mr. Auh Jin-Sun invited fastener entrepreneurs onsite to attend the 2016 Five Regions Fastener Industry Association Conference with enthusiasm.
Metalex Vietnam 2015 welcomed its exhibition which lasted for three days since October 8, 2015 in Ho Chi Minh City. As a media partner, ChinaFastener.com demonstrated the latest issue (18th) of ChinaFastener Magazine to onsite visitors and exhibitors at the booth G30. ChinaFastener.com Organized by Reed Tradex Company, Metalex Vietnam is one of the METALEX series regarding metal products. It is held not only in Ho Chi Minh City of Vietnam, but also Bangkok, Thailand. In this year, the Metalex Vietnam was exhibited in SECC (TT Tiren Lam Saigon) with two exhibition Halls—A1 and A2. Products for exhibition consisted of the Factory Automation, Molds and Dies, Foundry, Sheeting Metalworking, Tools and Tooling, Surface Treatment, Pump & Valves and relative Solutions and Technologies. Lectures regarding manufacturing were provided on site of Metalex Vietnam 2015. Though with limited scale, it attracted parts of the specialists to attend the lectures. Besides the entrepreneurs from Vietnam, exhibitors from Japan took a large share of the total number; following were Thailand, Korea, Mainland China, Taiwan, and Singapore. Less than 10 fastener enterprises were discovered in this show, which were basically the Japanese and Korean companies. Through communication, these fastener enterprises clearly expressed to CFM Journalist that they had plans to attend the Fastener Expo Shanghai next year. It was learned by CFM Journalist that what many fastener purchasers concerned is that whether they can find distributors and agents of fasteners originated from China. Reason for their concerned is that most of these purchasers are traders or end users of fasteners. With limited possibility to direct import of fasteners, they would like to find fasteners locally. China Pavilion Japan Pavilion Taiwan Pavilion Thailand Pavilion Based on analysis, Vietnam is one of the large demand sources of locomotives fasteners, electronic fasteners, furniture fasteners and construction fasteners. Basically, the locomotives and electronic fasteners are imported from Japan and Korea. China’s fastener enterprises own a large share of providing furniture fasteners. The demand of Machinery and Construction fasteners from Vietnam is expected to grow significantly in the future. With the advantages of low labor costs and land costs as well as the great potential of growth in manufacturing industry, Vietnam is estimated to attract a higher potential of investment. To establish a subsidiary or factory in Vietnam should be a big plus for fastener enterprises to increase their international competitiveness in the line.
The 18th edition of M-Tech Osaka declared open on October 7, 2015 at INTEX OSAKA in Japan, starting its three-day exhibition. Simultaneously, there were another four exhibitions held at the same place—the 18th DMS OSAKA, the 2nd METAL OSAKA, the 3rd PLASTIC OSAKA and the 3rd FilmTech OSAKA. As a media partner of M-Tech Osaka, ChinaFastener.com attended this grand fair with the latest issue of ChinaFastener Magazine, witnessing the fiery scenery on site. Based on the data collected by CFM Journalist, the overall number of exhibitors reached to 1,100 with 940 of which were local Japanese entrepreneurs. Overseas exhibitors included entrepreneurs from Mainland China, Taiwan, Korea and Thailand, etc. The numbers of these overseas exhibitors were 47, 40, 19 and 17 respectively. ChinaFastener Magazine at M-Tech Osaka Officially announced by the organizer, the number of visitors totaled 11,000 in the first day of exhibition. Among all the visitors, most of them were Technicians in the fields of Design & Research, Manufacturing, IT, and Production Management; QA Inspectors; Purchasing Staffs; Enterprises Operators; and Sales Representatives. Onsite communication with local Japanese entrepreneurs, CFM Journalist learned that Japanese enterprises would procure Bolts and Nuts from China when there were fewer requirements of the techniques and quality. By contrary, when it came to the high-tech and high-quality fasteners, Japanese enterprises inclined to purchases fasteners from local Japanese companies. Sluggish economy, depreciate currency and fluctuate exchange rate were parts of the reasons that obstructed the Japanese enterprises to import fasteners from China. In 2010, the Yen-Yuan exchange rates were 13.1:1 and in this year, the exchange rates turned into 18.3:1. To expand the overseas market, premium export-oriented fastener enterprises from China also attended this grand fair. Parts of these exhibitors were Chinafar, Ningbo ABC, Zhejiang Zhoushan Zhengyuan, Zhejiang Lianxiang, Haiyan Yuxing, Ningbo Jinding, Ningbo Chenglong, Haiyan Tongcheng, Hangzhou Spring Washer, Ningbo Qunli, Grand Industrial, Dongtai City Chirui, and Wuxi S-Fix, etc. Chinafar Ningbo ABC Zhejiang Zhoushan Zhengyuan Zhejiang Lianxiang CFIA & Haiyan Yuxing Ningbo Jinding Ningbo Chenglong Haiyan Tongcheng Hangzhou Spring Washer Ningbo Qunli Grand Industrial Dongtai City Chirui Wuxi S-Fix
In the morning of September 17, 2015, the Indo Fastener 2015 declared open in the Jakarta International Expo, Kemayoran, Indonesia, concurrently held with another fair—Indonesia International Auto Parts, Accessories and Equip Exhibition. As a media partner of Indo Fastener, CFM attended this fair as a witness at the Booth B3-Q20. On site of Jakarta International Expo, it was calculated by the organizer-- PT Wahana Kemalaniaga Makmur (WAKENI) that there were over 100 exhibitors who were mainly from Asia Countries and Areas, such as China, Taiwan, Korea, and Indonesia. Based on the situation on the ground, fastener purchasers were mainly from Indonesia, Malaysia, Singapore and other Southeast Asian Countries, while a small part of them were from Europe, for example, UK. The purchasers from Indonesia inclined to purchase Bolts, such as Hex Head Bolts, High Strength Fasteners, and Furniture Screws. Due to the anti-dumping against China’s certain iron or steel fasteners, European purchasers can source a few kind of fasteners from China, which directly led to the decreasing orders to Chinese fastener enterprises from Europe and as well caused a strike to local European enterprises. The number of exhibitors from China multiplied over that of last year. Though being impact by the global economy, anti-dumping cases against China’s fasteners, and the transformation trend in fastener industry in China, China’s fastener enterprises positively seek to develop new overseas markets. How to achieve the market innovation and break-through is now the main problem putting in front of these fastener entrepreneurs. It was a great honor for CFM Journalist to witness the mien of fastener exhibitors onsite. The representatives of these premium fastener enterprises, mainly China fastener enterprises, included Foshan Sailuk, BSC, XLing, Zhenhai Huazhi, Jiaxing Xinxing, Handan Ruiqiang, Dongguan Dmscrew, Jiaxing Risen, Shanghai Kingpluse, Microgleit, Boito, KPF, Techfast, Changde Yufeng, Changzhou Wujin and Wuxi Anshida, etc. Foshan Sailuk BSC Suzhou XinLing Ningbo Zhenhai Huazhi Jiaxing Xingxin Handan Ruiqiang Dongguan Dmscrew Shanghai Kingpluse Microgleit Boito KPF Techfast Changde Yufeng Changzhou Wujin Wuxi Anshida
On July 10, organized by Hong Kong Screw & Fastener Council, the third seminar on “designing advanced fastener dies” was closed with favorable results in Shenzhen City. It attracted near 85 enterprise representatives from fastener industry to attend this seminar. As the appointed media, CFM followed to report the whole event. Mr. Lin Zhiming, President of HKSFC introduced the goal and schedules of this seminar. Due to the harsh competition in fastener industry and higher requirement of relative fastener products, to design suitable dies for fasteners shall be one of the crucial sessions to produce high-end fasteners. Two specialists in fastener industry were invited to share with attendees their knowledge and experience. CEO of CPM Company, Dr. Gerhard Hermann Arfmann spoke on the topic of how to apply FEA to realize the advanced design of process and die. Another honored speaker is Mrs. Zhang Liping from Shanghai Chun Zu Machinery Industry Co., Ltd. who shared on the topic of the new destination to design extruding and cold-heading dies. Dr. Gerhard Hermann Arfmann from CPM Mrs. Zhang Liping from Shanghai Chun Zu Machinery Industry Co., Ltd. On site of the seminar, speakers and attendees interacted in harmony and enthusiastic atmosphere. CFM Journalist gained information about the next seminar. It was announced by HKSFC that the next edition would be on discussing the e-platings. Secretariat of HKSFC would publish details of the fourth seminar later.
The 2015 Fastener Expo Shanghai is successfully ended today after its three-day exhibition with favorable results. Visitors and exhibitors both had joy and smiles Shanghai World Expo Exhibition & Convention Center. Smiling visitor Smiling Exhibitor “This is another successful fastener expo held here. You can see numerous visitors and exhibitors crowded in this center. Foreign purchasers are easily to see since we offer interpretation for 8 official languages so it is not necessary to worry about the communication problem.” said Mr. Yang Junfeng, CEO of the organizing company of the Fastener Expo Shanghai. When interviewing the visitors and exhibitors onsite, most of them indicated their intent to attend the next edition of Fastener Expo Shanghai when some of the interviewees showed that they would take that into consideration. In this respect, should no one deny the success and bright future of Fastener Expo Shanghai. Eagle Metalware PPG Jieyang 66 Stainless Steel Fasteners Dongguan Demeng Hardware Products Zhejiang Sansega Wenzhou Fengding Haiyan Fujian With a crown of World Factory, China is the main source of fasteners import for many nations. After launching the “One Road And One Belt” Strategy, China has cooperated with developed or developing countries for numerous projects, stimulating the demand of fasteners and thus the export. Regardless of the anti-dumping duties imposed on fasteners or relative stuffs by USA, Europe and other countries, the fastener export still shows a strong growing tendency. But satisfaction will only bring the shadow of death, since the world is spinning fastener with its wings of technology. Heading to high-end manufacturing should be the destination of all enterprises in the line. To follow this trend, the organizer of 2015 Fastener Expo Shanghai, Shanghai Ebseek Exhibition Co., Ltd. cooperated with ChinaFastener.com to arrange a conference (2015 Global Fastener Industry CEO Summit) for fastener CEOs to better cope with their company’s future on June 26th, the second day of Fastener Expo Shanghai. Six experts in the field gave speeches on the topic of The Next Five Years, sharing their wisdom in different degree. Shanghai Ebseek Exhibition Co., Ltd. has officially announced that the 2016 Fastener Expo Shanghai will be held in the same place during June 23th to June 25th. It is predicted that more fastener suppliers and purchasers will participate in this fair, bringing a large number of business opportunities.