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 CFM| 2014-09-17 00:00:00
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 Bianji ,2014-10-17 11:15:59
HANOI, Oct. 16 -- China remained the biggest trade partner of Vietnam in the first nine months of 2014, accounting for some 19.5 percent of Vietnam's total trade turnover. According to statistics of Vietnam Customs on Thursday, during the nine-month period, Vietnam sold over 11.094 billion U.S. dollars worth of goods to China and spent nearly 31.27 billion U.S. dollars for imports from China. Trade revenue between Vietnam and China in January-September stayed at 42.364 billion U.S. dollars, said the customs office. Meanwhile, during the period, Vietnam reported some 217.484 billion U.S. dollars in revenue from foreign trade activities. Specifically, computers, electronic products and components, and crude oil are the two items with highest export turnover to China in nine months, at 1.528 billion U.S. dollars and 1.059 billion U.S. dollars, respectively. Phones, machinery, steel, fabric and computers were among top import items from China, according to the customs office.
By Reuters ,2014-10-22 10:22:33
Mumbai: JSW Steel Ltd, India’s No. 3 maker of the alloy, said it expects to increase imports of iron ore by up to 80% to 900,000 tonnes a month due to a domestic shortage and a slump in international prices. The company, which posted better-than expected quarterly profit on Tuesday, will also participate in government auctions for coal mines for captive consumption, a senior company official said on Tuesday. Domestic iron ore supply has been restricted in India by curbs on illegal mining in key states, causing companies like JSW Steel to bank on depressed global iron ore prices and increase imports. “We are increasing the total imports per month, it is a necessity for us,” JSW Steel’s joint managing director Seshagiri Rao told reporters, pointing to a more than 40% increase in domestic iron ore prices since January. Global iron ore prices have fallen about 40% in that period. Rao added that the company expects to raise iron ore imports to 800,000 tonnes to 900,000 tonnes per month from its current 500,000 tonnes per month levels. JSW needs about 22 million tonnes of the steel making raw material per year to make steel but did not import any last year. It has imported about 1.7 million tonnes in the first half of this fiscal, Rao said. The company also expects to bid for mines that would be available after the government on Monday announced plans to auction coal-bearing land which was taken back from private companies whose mining licenses were cancelled by the Supreme Court last month. “As and when that gets finalised, we will definitely participate in the auction,” Rao said, after the company posted a consolidated profit of Rs749 crore ($122.17 million) in its fiscal second quarter, beating average analyst expectations of a Rs697 crore profit. JSW Steel shares closed up 2.8% in a Mumbai market that was rose 0.55% on Tuesday.
By ETCN ,2014-10-21 09:57:36
On September 25, 2014, WTO committee on safeguard measures announced that Brazil has been removed from the list of exemption of provisional anti-dumping duties on import non-alloy-steel hot-rolled plates, which came into effect on September 3, 2014, involving the HS Codes 7208.36.00.031, 7208.36.00.032, 7208.36.00.033, 7208.36.00.090, 7208.37.00.041, 7208.37.00.042, 7208.37.00.043, 7208.37.00.090, 7208.38.00.041, 7208.38.00.042, 7208.38.00.043, 7208.38.00.090, 7208.39.00.041, 7208.39.00.042, 7208.39.00.043, 7208.39.00.090, 7208.51.00.090, 7208.52.00.090, 7208.53.000.11, 7208.53.00.012, 7208.53.00.013, 7208.53.00.090, 7208.54.00.011, 7208.54.00.012, 7208.54.00.013, 7208.54.00.090. In January 2014, Thailand instituted the probe into import non-alloy-steel hot-rolled plates for safeguard measures; in May 2014, the Thai authority made a preliminary ruling: such imports made serious injury or injurious threat to its domestic industry, so it will levy the safeguard duties on them at the rate 34.01% for 200 days, but excluding those from 172 developing countries like China, Chinese Hong Kong, Indonesia and Brazil.
By Alex Tsai ,2014-10-21 00:00:00
China Steel Corp. (CSC), the largest carbon steel maker in Taiwan announced to cut its prices for steel plates for December, in line with market expectation. In fact, the company remained its steel plate prices unchanged for consecutive 17 months in the month ended in November. After the announcement, its list prices for common steel plates are at NT$20,500/ton; those for SS400 steel plates are at NT$19,600/ton and those for HR steel plates are at NT$18,490/ton.
By Steve Chuang ,2014-10-23 10:28:13
Benefiting from Taiwan's thriving fastener industry, which could finish this year with export value exceeding US$4 billion, Chun Zu Machinery Industry Co., Ltd., a leading Taiwanese supplier, aims for annual revenue of NT$1 billion (US$33.34 million) in 2014, according to chairman, Bruce Sun. With paid-in capital exceeding NT$630 million, Chun Zu was spun off from Chun Yu Works & Co., Ltd., a major maker of fasteners in Taiwan, in 1973 to develop, manufacture and market fastener-production machinery. Following decades of development, Chun Zu capably supplies over 200 kinds of such machine tools, including 5-dies bolt and parts formers, threading machines, rolling dies and tools, 2-die 2-blow cold headers, heading machines, and cold forging machines. Sun confirms the company to command a 55-60% share of the South American market, also counting a couple of globally known enterprises as MMF Industries, Ford's contract supplier of automotive fasteners, as customer. With its machine tools increasingly accepted by professional users worldwide, Sun attributes Chun Zu's current success mainly to mechanical high performance, with the machines noted for high automation, and easily computerized productivity. Besides, the machines all employ quick die changers and can be beefed-up with up to 7 dies and additional clamps and apparatus to enhance production efficiency and cut defect rates. The company turns out about 250 sets of different machinery a year, with 70% exported to have been sold to over 400 customers worldwide, including Southeast Asia, the Middle East, India, Turkey, Korea, Europe and America. (SC)
By MDM ,2014-10-22 09:32:40
Blaine, MN-based Lindstrom, a Harbour Group company, has acquired Titan Fastener Products Inc., Brunswick, GA. Terms of the transaction were not disclosed. Titan Fasteners provides over 45,000 different packaged products to fastener and industrial distributor customers through locations in Brunswick and Chicago, IL. "Titan Fasteners is a unique company with a strong market presence, and the Titan team is respected as one of the best in the industry," said Jeff Fox, Harbour Group's CEO. "Their service levels are terrific, particularly given their focus on lower volume, non-commodity SKUs. The combination with Lindstrom brings tremendous value to distributors. The extensive product lines of both businesses combined with their strong culture of customer service will further improve their ability to serve their customers." Lindstrom LLC is a master distributor of metric fasteners in the United States. The company has branch locations in Elgin, IL; Greer, SC; New Windsor, NY; and Grand Prairie, TX.
By CFM ,2014-10-17 00:00:00
The 115th China Import and Export Fair (Canton Fair) grandly opened on 15th Oct., 2014 in China Import and Export Fair Complex ( Pazhou, Guangzhou, China). It will last to 4th Nov. The exhibition area covers 1.18 million square meters with 60,222 booths. This year 170 more companies exhibited which made the total number of exhibitors to 24,751. It showed the great influence of this show. CFM witnessed Canton Fair on the First Day and distributed the newly published 16th issue of ChinaFastener Magazine to international buyers on scene. Mr. Fang, the vice-minister of China’s Ministry of Finance, attended the opening ceremony and spoke that the public police had effectively improved the business environment and provided relief to the middle-sized companies and the next step is yet to come. The popularity of Canton Fair showed the steadiness of China’s foreign business . Mr. Liu Jianjun, the spoke man of Canton Fair, said that over 90% of the previous exhibitors choose to participate again which showed great confidence in this event. Though he pointed out that the financial turbulence of the international market and the outburst of Ebola may affect the number of foreign attendees, a steady business amount is expected. SRC Ningbo Ningli Beijing Jinzhaobo Zhejiang Qifeng Handan Ruiqiang Sansega Wuxi Anshida The Hardware show which is closely related to fastener products would be on the first phase of Canton Fair, lasts from 15th Oct. to 19th Oct., 2014. About 50 fastener companies took part in it. www.chinafastener.com noticed that lots of excellent CAS members (what is CAS member?) exhibited, like Ningbo Ningli, Zhejiang Qifeng, SRC, Shanghai Five Minerals, Handan Ruiqiang, Ningbo Zheli, Sansega ,Beijing Jinzhaobo, Wuxi Anshida etc. Among them, Ningbo Ningli and Shanghai Five Minerals had specially decorated booth which attracted lots of international buyers. Most exhibitors told CFM journalists that there weren’t many visitors in the morning but more and more people came in the afternoon. Generally, they were happy about the visitors flow on the first day and ready to see the opportunity. While our visiting, many fastener exhibitors also concerned a lot about the upcoming Fastener Expo Guangzhou in Nov. which also indicated the increasing popularity of this show. “ We found that the quality of ChinaFastener Magazine and your service gets better and better and we are really looking forward to Fastener Expo Guangzhou.” as was told by one of ourCAS members.
By Khunnawat Teeranawattanakun ,2014-10-16 00:00:00
The four powerful shows: "Business Alliance for Supporting Industry," "METALEX Vietnam," "NEPCON Vietnam," and "Industrial Components and Subcontracting Vietnam" have come to a close after 3 successful days of providing the business opportunities to 14,879 attendants at SECC on October 11, 2014. All visitors enjoyed discovering the right technologies they were looking for and networked with the potential business partners while exhibitors were able to generate new sales leads, meet their target customers, and gained new ground to establish their brand awareness. ChinaFastener Magzine, being as one of the most profession fastener media also exhibited in the show and witnessed the splendid event. CFM distributed the latest issue of ChinaFastener Magazine and made propaganda for the powerful CAS members( Certificated Active Suppilers) at scene. Many foreign buyers showed great interest towards CAS members and said that they would make contact later. Booth of CFM (G12) Mr. Duangdej Yuaikwarmdee, Deputy Managing Director and General Manager Vietnam of Reed Tradex Co., Ltd. said that The four powerful shows: “Business Alliance for Supporting Industry,” “METALEX Vietnam,” “NEPCON Vietnam,” and “Industrial Components and Subcontracting Vietnam” have come to a close after 3 successful days of providing the business opportunities to 14,879 delegation are from 29 countries, namely; Australia, Austria, Belgium, Cambodia, China, Czech Republic, France, Germany, Hong Kong, India, Italy, Japan, Korea, Lao, Malaysia, Myanmar, Netherlands, Pakistan, Philippines, Singapore, South Africa, South Korea, Spain, Switzerland, Taiwan, Thailand, United Kingdom, United States and Vietnam. All visitors enjoyed discovering the right technologies they were looking for and networked with the potential business partners while exhibitors were able to generate new sales leads meet their target customers and gained new ground to establish their brand awareness. Knowledge and skills were imparted to active delegates who joined our exclusive activities, including; “Engineer Master Class #3,” was successfully wrapped up with the in-depth knowledge in DFMA skill shared by Assoc. Prof. Dr. Pham Ngoc Tuan, Vice President of HAME. In addition to receiving certificates for their attendance, these participating engineers will now be able to adapt this new knowledge to their working environments to get ready for the upcoming AEC. “Hand Soldering Competition,” finally, the 3rd Hand Soldering Championship in Vietnam is found! The first prize went to Mr. Pham Le Huynh from Artus Vietnam, the first runner-up went to Mr. Dinh Anh Phi from Truong Cao Dang Co Dien Dong Nai Institute and the second prize went to Mr. Vuong Hau Long from Spartronics Vietnam. Congratulations to the champion who will be sponsored by IPC to contend in the World's Hand Soldering Competition in California in 2015. “Koma Taisen World Championship Preliminary in HCMC” this exciting battle were crowded with the visitors who desired to witness the skills and sophisticated technology they can apply to their industry. The winner of this tournament was from Khai Thac Co.,Ltd. and they can go to join “World Championship Sekai Koma Taisen 2015” in Yokohama city, Japan which will be held on 15 February 2015. Exclusive seminar by JETRO, this special seminar was wrapped up with industrialists who have broaden their knowledge on the status of Vietnam’s supporting industries and heat treatment from Mr. Kyoshiro Ichikawa, JETRO Coordinator and Chairman & CEO of I.B.C Vietnam and Mr. Makoto Kondo, Chairman of KD Heat Technology Vietnam. Plus, more and more modern technologies, machinery, suggesting that Vietnamese industries are ready to reach new levels of success and productivity in terms of quality and quantity. We would like to express our gratitude to all attendants, exhibitors, seminar speakers and delegate, press members and supporting organizations for your strong supports and participation that have made these 4 shows a meaningful contribution to the development of Vietnamese industrial community. Mr. Duangdej concluded. Mr. Le Duong Quang, Deputy Minister of Ministry of Industry and Trade said that as Vietnam’s supporting industry will become a major metalworking manufacturing hub in ASEAN, I would like to welcome all the participants to visit METALEX Vietnam and NEPCON Vietnam 2014. These shows are ready to serve the participants with its latest technologies, innovations, know-how and new kind of machinery, so, you will be able to obtain an opportunity to learn and share new experiences in these exhibitions. Mr. Soichi Yoshimura, Executive Vice President of Japan External Trade Organization HQ said that In Japan, it is difficult to buy machine’s accessories, the ratio of Japan economy’s growth is also low so we come to VietNam to expand market Beside, we hope that Japan and Viet Nam’s company can cooperation with each other to promote supporting industry. Mr. Nguyen Tuan, Vice Director of Investment & Trade Promotion Center (ITPC) said that to promote and support the supporting industries in Vietnam, We coordinate with the JETRO HCMC and Reed Tradex to organize “Business Alliance 2014 for Supporting Industry.” This is a good opportunity for the parties to seek new customers, suppliers, and business partners, as well as look for advanced technologies. Mr. Hirokata Yasuzumi, Managing Director of JETRO Ho Chi Minh City said that Vietnam’s metalworking and supporting industries have developed and are growing very fast, attracting foreign companies to invest in the country. Therefore, Vietnamese manufacturers need to upgrade their technology in order to raise the productivity in terms of quality and quantity. This year, we organize “Business Alliance 2014 for Supporting Industry”, which is co-located with “METALEX Vietnam,” “NEPCON Vietnam,” and “Industrial Components & Subcontracting.” This will be the only event where industrialists can upgrade their metalworking and electronics manufacturing with the latest machine tools and solutions as well as enhance their business opportunities by meeting parts buyers from Japan, Thailand, and more. Mr. Atsushi Hisano, Director for Attraction of Foreign Direct Investment in Tokyo, Commerce and Industry Division, Bureau of Industrial and Labor Affairs, Tokyo Metropolitan Government said that Because it is hard for Japanese companies to work alone, Tokyo Motropolitan Government has supported 14 companies so that they can come to Viet Nam to exchange technique and cooperate with Viet Nam company. Viet Nam’s supporting industry is developing more and more so they need modern technique for promoting industry and I think we can help them. Mrs. Pho Nam Phuong, Director of Investment and Trade Promotion Centre said that as JETRO HCMC and ITPC jointly organize “Business Alliance 2014 for Supporting Industry” which is co-located with METALEX Vietnam and NEPCON Vietnam, we hope that Vietnamese and foreign enterprises could get their business developed and expanded from attending these events. I believe that these exhibitions will definitely enhance Vietnam’s supporting industries to upgrade production skill of workforce and quality of materials to compete with global market. Mr. Sotaro Nishikawa, Chief Director of JETRO IBARAKI said that this is my 4th time visiting this show and I can confidently say that the supporting industries in Vietnam are going to be develop more and more in the future. Vietnam will become a potential market to promote the supporting industries. 20 entrepreneurs from Japan joined my visit today. I hope that this exhibition will be a good opportunity for both sides to collaborate in the long run. Mrs. Malinee Harnboonsong, Director of Thai Trade Center, Department of International Trade Promotion, Ministry of Commerce, Royal Thai Government said that today, 50 companies join in the show and 24 companies are engaging in auto, metal, and others industries. In the future, DITP will support this kind of event to connect 2 countries in order to be supported by many foreign trade activities so that 2 countries can interact together. The show is useful to supporting industries in Vietnam because many Thai companies invest here and look for partners in mechanical industry. This show represents a trade platform with bilateral connections to promote stronger relationship between Vietnam and Thailand. Mr. Suthiket Thatpitakkul, Investment Promotion Officer, Senior Professional Level of BOI Unit for Industrial Linkage Development (BUILD), Thailand Board of Investment (BOI) said that I think Vietnam is one of the attractive countries foreign companies should invest in as Vietnam’s supporting industries are growing continuously. Vietnamese manufacturers need to improve their productivity in terms of quality and quantity in order to acquire new customers. Attending METALEX Vietnam and NEPCON Vietnam will help industrialists to meet with business partners and have a good preparation for the upcoming AEC in 2015. Mr. Viroj Sirithanasart, President of Alliance for Supporting Industry Association said that A.S.I.A looks for foreign business partners in order to enhance the supporting industries. Due to the upcoming AEC, I think Vietnamese parts makers will need to use advanced technologies to produce more complex parts. I hope that I would be able to meet with subcontractors and business partners for future business. Mr. Adam See, President of Association of Electronic Industries in Singapore (AEIS) said that the growth in Vietnam’s electronics and supporting industries will be phenomenon over the next few years. Also, Singaporean companies would like to be part of this driving Vietnam’s electronics industry in terms of investments in machinery. Thus, attending NEPCON Vietnam would support and strength the relationship between Vietnamese and Singaporean electronics industries. NEPCON Vietnam will be a great platform where Vietnamese and the regional electronics manufacturers can source for new technologies to enhance their production. Mr. Faizal Izany Mastor, Trade Commissioner of Malaysia External Trade Development Corporation (MATRADE) said that Exhibitions like METALEX Vietnam and NEPCON Vietnam offer both Malaysian and Vietnamese manufacturers a very good chance to form new business partnerships. They can also search for newest technologies to upgrade their productivity. Ms. Grace Chen, Specialist of Taiwan Association of Machinery Industry (TAMI) said that Recently, Vietnam’s supporting industries are rising continuously, affecting Vietnamese manufacturers to keep themselves updated on the developments at all time and to look for new technologies in order to remain competitiveness. I believe these shows are unique platform for industrialists to source for efficient technologies from leading providers, including Taiwan, to upgrade their production. The next edition of “METALEX Vietnam 2015 (MXV)” Vietnam’s International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade, will be held again during 8 - 10 October 2015 at Saigon Exhibition & Convention Center (SECC) (Phu My Hung) or TT Trien Lam Saigon, Ho Chi Minh City, Vietnam. For more info : www.metalexvietnam.com
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)
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.
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.