By CFM| 2014-10-24 00:00:00
By CFM| 2014-10-17 00:00:00
By Khunnawat Teeranawattanakun| 2014-10-16 00:00:00
By CFM| 2014-09-19 00:00:00
By Richard Borsuk ,2014-10-27 11:05:06
Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. "Personally, I think growth this year can reach 7 percent," Dong Yang, secretary general of the China Association of Automobile Manufacturers (CAAM), told reporters on the sidelines of an industry conference in Shanghai. "The economy is slowing. The auto industry would reflect that but typically lags the economic cycle by a bit." CAAM had forecast China's auto market, which grew by 13.9 percent last year, to expand at 8.3 percent in 2014. Dong said CAAM will not make any official revisions to its forecast. Carlos Ghosn, head of Japanese carmaker Nissan Motor Co Ltd (7201.T) and its French alliance partner Renault SA (RENA.PA), told the same conference he was still optimistic about China's outlook. "From time to time we have slowdown ... but fundamentally I'm still very optimistic on the fact that the long-term trend in China is up and carmakers should be prepared for that," Ghosn said, pointing to China's low car ownership level compared with other major markets. Nissan has said its China sales fell by 20 percent in September from a year earlier, the third straight month of decline, due to sluggish sales of light commercial vehicles and increased competition in the passenger car segment. During the first nine months of the year, overall vehicle sales in China rose 7 percent from the same period a year earlier, according to CAAM data. China's annual economic growth slowed to 7.3 percent in the third quarter - the weakest pace since the depths of the global financial crisis, and down from 7.5 percent in the previous quarter.
By Shally Seth Mohile ,2014-10-23 10:23:49
Dealers of India's top motorcycle and scooter manufacturers dispatched a record number of units to customers on Dhanteras, considered an auspicious day for purchases ahead of Diwali. Market leader Hero MotoCorp Ltd's dealers sold a total of 200,000 two-wheelers on the day, up 80% from a year earlier. Honda Motorcycle and Scooter India Pvt. Ltd (HMSI) the second-largest, saw its sales more than double to 165,000 units, the companies said in separate statements. TVS Motor Co. Ltd and Bajaj Auto Ltd did not release details about sales on Dhanteras. A TVS spokesperson said that the company will release consolidated sales on 1 November. Typically, automobile companies report dispatch to dealers and not customers. An improvement in customer sentiment and better economic outlook has boosted vehicles sales in India. Motorcycle and scooter sales in the world’s second-largest market for such vehicles rose 16.4% in the six months ended 30 September to 8.1 million units from year ago, according to industry lobby group Society of Indian Automobile Manufacturers (Siam). India's gross domestic product (GDP) grew 5.7% in the June quarter, the fastest pace in two-and-half years after two consecutive years of sub-5% growth. Economists polled by Reserve Bank of India (RBI) predicted in a survey released in September that the economy will grow 5.3% in 2014-15, slightly slower than the 5.4% forecasted in a previous survey in March. Growth is expected to rebound to 6.4% in 2015-16, according to the International Monetary Fund's (IMF) April World Economic Outlook report. The festive season, and Dhanteras in particular, has provided further momentum to two-wheeler sales. "The strong retail numbers reported by the companies show that the two-wheeler market has bucked the larger trend," said Mitul Shah, senior analyst at Karvy Stock Broking Pvt. Ltd, adding that nothing much has changed on the ground except sentiments. "This Dhanteras has been a phenomenal day of retail sales for Hero MotoCorp," A. Srinivasu, head of national sales at Hero MotoCorp, said in the statement. He said the company had anticipated this demand and was prepared with 600,000 plus dispatch in September. On Wednesday, Hero MotoCorp's shares rose 4.03% to Rs.3,115.95 on the BSE, while the exchange's benchmark Sensex gained 0.8% to close 26,787.23 points. It was a bountiful Dhanteras for HMSI too. In an interview, Yadvinder S. Guleria, vice-president (sales and marketing) with HMSI, said sales surpassed the company's expectations by at least 10-15%. Close to 40% of Honda’s sales came from central India, including Madhya Pradesh, Chhattisgarh and Uttar Pradesh, and were driven by the Activa scooter models and Dream series of motorcycles. "Interestingly, we saw good traction even in the mass segment, sales of which are seasonal in nature," said Guleria, adding the company was prepared for the spurt in sales three to four months ahead of Dhanteras.
By Dan Gearino ,2014-10-23 00:00:00
Warnings about potentially defective airbags have gotten consumers’ attention, although many auto dealers are still waiting for repair parts and information about how to deal with the problems. "My biggest concern is that I need to get the parts," said George Byers Kauffman, vice president of Byers Auto, which sells 16 new-car brands at various locations in central Ohio. His advice to consumers is to contact a dealership to help determine next steps. "We've received a lot of phone calls," said Jason Jordan, service department manager at Roush Honda in Westerville. "Not all information is available yet. Unfortunately folks only hear 'Honda’ and ‘airbag recall’ and they have no idea if it's their vehicle or not.” Longstanding concerns about Takata Corp. airbags have been amplified by recent media reports and an expansion of a government recall that now affects 10 auto brands and 7.8 million vehicles. On Tuesday, the National Highway Traffic Safety Administration said consumers should "act immediately" to get the defective equipment replaced. The message is particularly urgent in areas with high humidity, which may be more likely to have the problem, the agency said. Those areas include: Florida, Puerto Rico, limited areas near the Gulf of Mexico in Texas, Alabama, Mississippi, Georgia, and Louisiana, as well as Guam, Saipan, American Samoa, Virgin Islands and Hawaii. The agency provided a list of model years for the following automakers: BMW, Chrysler, Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, Subaru and Toyota. In rare cases, the airbags can explode and send shrapnel flying. "A lack of awareness regarding the potential danger from these devices has been almost as troubling as the danger itself," Karl Brauer, a senior analyst for Kelley Blue Book, said in a statement. "Of course this is only the first step of a long process. With so many vehicles being recalled, it will take years to address the danger, and there will be far too many consumers that ignore the recall and continue to operate cars capable of throwing shrapnel at the driver or front passenger during an accident." The New York Times has reported that defects from Takata airbags have led to 139 injuries, including 37 people who said air bags had exploded, and three who died. The newspaper said one of the deaths, of someone driving a Honda Accord, "looked like a stabbing."
By steelguru ,2014-10-29 11:18:57
Some institutions had earlier expected China’ steel consumption peak to come in around 2018, but expectations have changed with the accelerating pace of transformation in Chinese economy. Mr Zhong Shaoliang, chief representative in Beijing Office of the World Steel Association, said that China's steel consumption is expected to peak in around 2015 amid economic transformation in the country. Mr Zhong said that "Some consider the drop to be short term, but we tend to believe that it might be a trend given the current situation at home and abroad. China's steel demand growth will slow down significantly and even stagnate just in two years' time." Chinese economy has entered a new normal state, shifting from high speed to mid to high speed growth, which will directly drag down steel consumption growth in the country. New normal also means that China will shift from investment-driven to consumption oriented economic development, while 50% of steel demand is related to investment and construction activity. According to worldsteel data, crude steel production of China reached 779 million tonnes in 2013, ranking first. Data showed China's crude steel production rose 2.6% YoY to 550 million tonnes in the first eight months of this year. However, apparent consumption only hit 500 million tonnes after deducting net export volume, down 0.3% from a year ago, the first decline since 2000. China's steel capacity has exceeded 1.1 billion tonnes and excess capacity will further aggravate in the future amid decelerating demand growth, which will be a stern test for Chinese steel mills.
By Alex Tsai ,2014-10-28 10:10:35
According to data released by Latin America Steel Institute (Alacero), China’s steel exports to Latin America totaled 5.4 million tons in the first eight months, soaring by 54% year on year. In the given period of time, Brazil was the largest importer of the Chinese steel products in Latin American region with an increase of 25% on the yearly basis.
By Alex Tsai ,2014-10-28 00:00:00
According to the World Steel Association (WSA), Indian crude steel production totaled 62.41 million tons during January to September, up by 1.8% compared to 61.27 million tons in the same period a year ago. India has remained the fourth biggest steel maker in the world over past four years. Global crude steel production reached 134 million tons in September, down by 1.0% year on year, according to the World Steel Association (worldsteel). In the month, China’s crude steel output totaled 68 million tons, holding steady; Japan’s was at 9.2 million tons, down by 0.5%; South Korea’s was at 5.7 million tons, up by 10.1%; all compared to the same time of last year.
By Chris Reese ,2014-10-30 11:52:42
U.S. safety regulators do not expect Japanese auto parts maker Takata Corp (7312.T) to be able to fully supply replacement parts for millions of defective air bags until January or later, and urged Takata and the automakers it supplies to seek additional parts from other companies. The National Highway Traffic Safety Administration, which has come under fire for being too lax and slow in dealing with the defective air bags, also called on automakers to be ready to expand their recalls beyond the warm and humid regions believed to be the epicenter of the problem. The defective air bags, which can launch metal shards into car occupants, have been tied to at least four deaths and many serious injuries. They have triggered the recall of more than 10 million vehicles since 2008 by 10 different manufacturers. true Takata must boost production and even tap competitors to address demand while car makers must do much more to aid the recall effort, a top safety official said in letters to manufacturers. "More can and should be done as soon as possible to prevent any further tragedies," the agency's deputy director, David Friedman wrote to auto makers. Car makers should boost advertising to alert drivers of air bag dangers and offer loaner cars during repair, he said. He said car makers should even test Takata air bags themselves, as regulators keep studying why the safety device has been involved in so many mishaps. If test results indicate potential defects with inflators in other parts of the country, "you will need to act quickly to expand your recall," he wrote, also asking if the companies are seeking to buy replacement parts from other suppliers. Friedman will meet with Takata executives on Thursday and expects weekly updates on progress, the official wrote. Regulators reached out to General Motors, Nissan, Ford, BMW, Honda, Mazda, Chrysler, Mitsubishi, Subaru and Toyota. Separately on Thursday, lawmakers called for an independent review of NHTSA and asked whether the agency could do more to detect and snuff out design dangers. The agency briefed U.S. lawmakers earlier this week. The agency released summaries of three meetings with Takata and vehicle manufacturers over the past three months. The summaries indicate that an estimated 3.1 million inflators would need to be replaced as part of the regional recall announced in June. By September, that estimate had grown to 4.3 million inflators. In a letter to Takata Senior Vice President Kazuo Higuchi, NHTSA Deputy Director David Friedman demanded that Takata provide updated estimates of its ability to produce replacement parts and called on the Japanese firm to provide details about a program to test inflators "as soon as possible."
By MDM ,2014-10-30 10:27:30
Anixter International Inc. (NYSE: AXE), Glenview, IL, reported third-quarter sales of $1.7 billion, a 7 percent increase compared to the year-ago quarter. Organic sales increased by 5.5 percent. Profit declined 2.4 percent to $52.5 million. Enterprise cabling and security solutions sales of $884.4 million increased 10 percent year-over-year, driven by strong growth in the North America market, the impact from 2.5 weeks of sales from the Tri-Ed acquisition and one additional billing day in the quarter. Excluding the $30.6 million favorable impact of Tri-Ed's results and the $3.4 million unfavorable impact from foreign exchange, ECS organic sales growth increased by 6.6 percent. Electrical and electronic wire and cable sales of $553.6 million increased 4.7 percent over the same period a year ago, driven by improving sales trends in North America and Emerging Markets. W&C organic sales growth increased by 5.8 percent. OEM supply - fasteners sales of $228.6 million increased by 1.7 percent from the prior-year quarter. Fasteners organic sales growth increased by 0.8 percent. For the first nine months, sales were $4.8 billion, an increase of 3 percent over the prior-year period. Profit increased 8 percent to $153.7 million.
By CFM ,2014-10-24 00:00:00
At 9:00 in the morning on Oct. 23th 2014, the National Industrial Fastener & Mill Supply Expo was grandly opened at Sands Expo & Convention Center. NIFMSE has become not only the biggest fastener show in North America, but also one of the biggest fastener exhibitions in the world given to its vast of scale. www.chinafastener.com (Booth 1553) has exhibited for the last eight years. Being as one of the most professional fastener media in China, it managed to introduce more and more excellent Chinese fastener suppliers to overseas buyers. And the latest issue of ChinaFastener Magazine had gained much popularity at scene and many buyers showed great interest towards it. At the mean time, some of them had also asked about Fastener Expo Shanghai 2015, which will be held in June 25-27 in Shanghai World Expo Exhibition & Convention Center. Booth of ChinaFastener Magazine 1553 AS was observed by journalists of www.chinafastener.com, there are about 700 exhibitors with over 800 booths. Besides American fastener companies, many came from afar, like China, Singapore, Israel, Brazil, Japan, Italy, Chinese Taipei etc. Many powerful CAS members also appeared in the show, like Fast-Fix, SRC, Tandl, Dongtai QB, Wenzhou Kaixu, Changshu Five Rich, RET, XYLX, Sansega, Haiyan Power Fastener, Jiaxing Zhengying, Hengfeng Rivet, Xinkai, Zhejiang Qifeng, Haiyan Guangda etc. These companies had really lightened the show by showcasing plenty of good made-in China products. Tandl Fast-Fix SRC Dongtai QB Changshu Five Rich RET Sansega Wenzhou Kaixu Zhejiang Qifeng Power Fastener Hengfeng The atmosphere was quite pleasing at scene. A large number of international buyers came and discussed passionately with the suppliers. As was told by a few buyers, journalists of www.chinafastener.com learnt that European buyers prefer fastener manufacturers in Taiwan than those in Mainland China in the consideration of product quality. Chinese fastener manufacturer really need to think about it and change their business strategies. While our interview with many CAS members, we found that many Chinese companies had been aware of that during the show and the consciousness of getting better. We should have more faith and patience in them. This year’s Expo is the largest ever in the show’s 33-year history and will feature over 82,000 sq. ft. of exhibits of interest to fastener manufacturers, distributors, importers, sales reps and others, informs Susan A. Hurley, CEM, General Manager.
By CFM ,2014-10-23 17:05:09
The three-day National Industrial Fastener & Mill Supply Expo had grandly opened today. And the first day is only for exhibitors to decorate their booths. ChinaFastener Magazine exhibited and brought the first-hand information back at scene. Las Vegas, officially the City of Las Vegas and often known as simply Vegas, is the most populous city in the state of Nevada. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining and nightlife and is the leading financial and cultural center for Southern Nevada. It is famous for its mega casino–hotels and associated entertainment. The social security management is very reassuring as to attract tourists. The first-prize winner can even be accompanied to their residence by the police if he or she lives in the USA. Booth of ChinaFastener Magazine 1553 Most exhibitors arrived in the morning and began their decoration. The number of booths had increased in a great deal ,and so did the exhibition area. Journalists of www.chinafastener.com are also affected by the tight schedule and decorated the booth(1553) at once. Fast-Fix Tandl Special Rivet Jingjiang Hengfeng Zhejiang Qifeng Jiaxing Zhengying CFM with Fastener Technology More detailed report will be released tomorrow and we are extremely looking forward to the show. Concurrent Event Fastener Technology Workshop Presented by the Fastener Training Institute Wednesday, October 22, 2014 – 8:30 a.m. to 4:30 p.m. Industrial Fastener & Mill Supply Industry; CFO, Controllers, Credit & Accounts Receivable Managers Meeting Presented by the National Fastener Industry Financial Manager Network & the Business Credit Management Association (BCMA) Wednesday, October 22, 2014 – 9:00 a.m. – 3:00 p.m.Break for Lunch Conflict Minerals Reporting Requirements Presented byPacific-WestFastenerAssociation Wednesday, October 22, 2014 – 1:00 p.m. to 3:00 p.m. Women in the Fastener Industry (WIFI) Presents: What’s in Your Communications Toolbox? Sales Tools of the 21st Century: Social Media & You Wednesday, October 22, 2014 – 3:00 p.m. – 5:00 p.m. Attention Manufacturers: Working with Manufacturers’ Reps: It’s Not Just Business, It’s Personal Presented by Manufacturers’ Agents National Association(MANA) Thursday, October 23, 2014 – 1:00 pm to 2:00 p.m. Attention Manufacturers’ Reps: Line Card Profitability Analysis Presented by Manufacturers’ Agents NationalAssociation(MANA) Thursday, October 23, 2014 – 2:15 p.m. to 4:15 p.m. International Fastener Machinery &Suppliers Association(IFMSA)Oktoberfest Beer Party! Presented by IFMSA and its members in the Machinery & Tooling World area of the exhibit hall. Friday, October 24, 2014 – 11:00 a.m. – 1:00 p.m.
By MDM ,2014-09-05 14:05:28
The Fastenal Company (Nasdaq: FAST), Winona, MN, reported sales for August of $326.9 million, a 9.8 percent increase over the same period a year ago. Daily sales increased 15 percent to an average of $15.6 million. During the month, sales to manufacturing customers grew 14 percent, while sales to nonresidential construction customers grew 9.4 percent. Two new stores opened in the month and employee headcount increased 12.8 percent year-over-year to 18,210.
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)
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 scanning CFM 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.
On Apr 14-15, China Fastener Magazine participated in Taiwan International Fastener Show 2014 as to promote business for Chinese fastener companies and get the lastest fastener news. The show was held every two years in Kaohsiung Exhibition Center, KEC, this is CFM's second attendence. Held right in the middle of Taiwan’s largest and most dynamic industry cluster, the scale and the number of participants of the show had doubled compared to 2012. There are about 330 companies and thousands of attendees from Germany, France, America, Japan, Great Britain, Austrilia etc, all together 20 foreign countries. China Fastener Magazine distributed the 15 issue to many international buyers, like THEO FOERCH, Reisser, Wurth, Domax, Al Wehdah Star, and gave recommendation about the famous Chinese suppliers to them. The opening ceremony of the show and Kaohsiung Exhibition Center was hosted by the vice president Wu Don-Yih, together with the mayor of Kaohisung city Chen Chu and many other honored guests. It took 3 billion TWD to build Kaohsiung Exhibition Center ,pointed out by Chang chia-juch, minister of economic affairs. CFM with profession fastener buyer Autolink All the exhibitors are local companies ,most famous cooperations had planned their booth with delicate taste, such as Chun Zu, SAN SHING FASTECH, CHITE,TYCONE. The leading steelmaker Sinosteel also exhibited in the show which indicates the close cooperation of the industrial chain. Puma FX San Yong Electric Heat TALKYU
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.