Sign In  |  Join Free  |  Contact |  Help

Home > News

  • More than 60 Chinese companies took part in Fastener Fair India, Mumbai 2017

    More than 60 Chinese companies took part in Fastener Fair India, Mumbai 2017

    By CFM| 2017-05-02 00:00:00

    Fastener Fair India, Mumbai took place at the city’s Bombay Exhibition Centre from 28-29 April 2017.Based on the organizer, the exhibition attracted 188 exhibitors, most of which were Indian local companies, and more than 60 were from China including Jiangsu Washen, Foshang Guangqingchang, Foshan Kuiloon, Haiyan Jinling, Handan Haosheng, Fast-Fix, Shanghai Rivet Manufacturer, Wenzhou Meiquan, Jinggu Machinery, Wenzhou Jinsheng, Teerte, Ningbo Tenglong, Dongtai City Huawei, Haiyan Hongcheng and other fastener companies. Various kinds of products were being exhibited at the show, including industrial fasteners, components, fixing system, logistic service, fastener manufacture technology and machines. Jiangsu WashenFoshan GuangqingchangFast-Fix RivetFoshan KuiloonJinggu MachineryShanghai Rivet ManufactureDongtai City HuaweiHandan HaoshengHaiyan JinlingWenzhou City MeiquanNingbo HaixingHaiyan HongchengJin-Chi IndustryTeerteWenzhou ShengnanBased on our reporter, the exhibition attracted many visitors. Most of exhibitors said that they got many enquiries from numerous buyers. However, as we know, Indian were good at bargaining and Indian buyers tried to ask for discount which troubled Chinese exhibitors a lot. Chinese companies did not want to always compete on price so they have set a bottom line of price.Nearly all Chinese companies thought that as an emerging market, with large population, the market demand was huge and there were plenty of orders. Though the prices of products were lower, they saw a great prospect in the future. The priority was to seize the opportunity and to develop the market as early as possible. What’s more, taking India as a base, they could develop the Southeast Asian market step by step.ChinaFastener.com followed the developing trend and took part in the exhibition with the latest issue of ChinaFastener Magazine. At the same time, we helped Chinese companies to promote at the exhibition.  
  • Woo! Five globally well-known experts will speak at 2017 Global Fastener Industry CEO Summit!

    Woo! Five globally well-known experts will speak at 2017 Global Fastener Industry CEO Summit!

    By CFM| 2017-04-17 00:00:00

    On June 23rd, 2017, 2017 Global Fastener Industry CEO Summit will be hosted by ChinaFastener.com and co-organized by GPYH.com. We will invite five globally well-known guests to speak at the event based on the theme “Global Fastener Industry Structure under Conservatism”. The Summit aims at building a highest platform for communication and cooperation with the principle of promoting the development of the industry. Agenda of the Summit:1) 14:00—14:30  Sign-in2) 14:30—17:00  Speech3) 17:00—18:20  Go to Huangpujiang Wharf to board the cruise ship.4) 18:20—20:20  Visit Huangpu River and have dinnerDate & Time: On the afternoon of June 23, 2017 (the second day of Fastener Expo Shanghai 2017)Venue: No. C280 Conference Room, Hall 3, No. 2 Building, Shanghai World Exhibition & Convention  Highlights of the 2017 Summit:1.Near 300 leaders of famous enterprises, magazines and associations in the industry from all around the world will attend the Summit which will be reported by globally well-known media.2.Five high-prestige guest speakers will present speeches based on the theme, sharing their successful experience and ideas. 3. More than 50 overseas guests will be invited to the Summit, which will provide a perfect stage for all guests to know more partners and bring more opportunities to them.4. All guests will have dinner and visit Huangpu River together, which is an excellent environment for business communication.Review2013 Global Fastener Industry CEO Summit Theme: Establish New Order for Global Fastener Industry2015 Global Fastener Industry CEO Summit Theme: The Next Five YearRequirements for Attendees:1、Imports from Asia exceeds 1 million USD/year; 2、CEO from global representative fastener enterprises and distributors.Contact us: Sharon Chen   Tel:86 20 82270680   Email:service@chinafastener.com
  • 33 Leaders of Chinese Fastener Companies Went to Germany for a Wonderful Business Trip

    33 Leaders of Chinese Fastener Companies Went to Germany for a Wonderful Business Trip

    By CFM| 2017-04-10 00:00:00

    ChinaFastener.com has organized a group of more than 30 leaders of Chinese fastener companies to have a business trip from March 25th to April 2nd in order to investigate European fastener market. On March 27th (local time), the investigation group drove to WAFIOS, the first stop of this trip, to see how the company was running.Photo of our group with leaders of WafiosAs a Germany enterprise with years of experience, the company has focused on the manufacture and R&D of fastener equipment. Its cold forming technologies are far ahead.Based on the introduction, the annual sales volume of Wafios has reached €0.12 billion. The company has more than 1000 staffs and it can produce 56 types of machines. The one die two blow screw manufacturing machine could produce 900 pcs per minute at maximum speed. What’s more, 71% of its products were sold abroad and it had close cooperation with many big aerospace enterprise.Introduction meeting of products of WafiosDuring the visit in the factory of Wafios, we were surprised that the brass screws used in a product of the company were produced by the company of a member of our group which meant that the product quality of Chinese fastener companies were getting better and better and were accepted gradually by the high-end market.On March 28th, the group came to Fastener Fair Stuttgart 2017. As one of the three biggest fastener exhibitions in the world, the fair has attracted 312 fastener exhibitors from mainland China and Taiwan.Our reporters said that since EU cancelled the anti-dumping measures against Chinese carbon-steel fasteners, Chinese companies were eager to develop EU market and overseas buyers were also willing to build up a long-term and stable cooperation relationship with Chinese companies.As a well-known fastener media, reporters of ChinaFastener.com released the 21st issue of ChinaFastener Magazine at the exhibition and gave the magazine to European buyers.On March 29th, the group drove to the head office of Schatz, another fastener company in Germany. Wilfried, sales manager of the company welcomed us with open arms and led us to their factory.Photo of our groupAccording to the introduction, the company has been founded in 1955 and it has committed itself to developing the solution of various kinds of bolt assembling and other fastening technologies. Schatz has become the one of the biggest companies with the most advanced technologies in bolted joint assembly. The main products of the company are SCHATZ®-INSPECTpro Mobile test system, SCHATZ®-ANALYSE, and other service relating to software, hardware. By using the service, companies could monitor the assembling quality of production process and review and improve manufacturing techniques and assembling techniques through analyzing data and statistic, which could help efficiently improve the management and control of factories.After  the visit in the factory, technicians of Schatz shared their experience and answer the question about how to ensure the quality of bolt fastening and the production process and techniques under Industry 4.0. Our group members said that they benefited a lot.Meeting of SchatzOn the afternoon, the group came to Zwick for another visit.Founded in 1854, Zwick is one of the Top 500 companies in Germany, ranked at the fifth. It has employed 1,400 staffs of which 125 are R&D staffs. The company mainly develops globally top testing machines, especially in static testing field and fatigue testing field. It has set offices or technical service department in 56 countries or regions. The factory we visited could produce more than 4,000 testing machines of which 70% were sold abroad.During the visit, we saw some local students caming to the factory to study. Based on the introduction, their workers were graduated from vocational schools and these workers would work from the basic position for 3 years for training and after that, they could be allowed to operate machines of higher level.After that, the host shared its Fatigue Testing Systems which further enhanced our understanding of its products.Meeting of ZwickWhile in the full-automatic storage center, we saw its intelligent operation system operated by robots. These robots offered testing service automatically for 24 hours every day which could save time and costs. We were all impressed by the professional and intelligence of the company.On March 31st, the group ended the business trip in another company, Bossard. We were welcomed and accompanied by three leaders in purchasing department. They introduced Bossard’s company history, purchasing requirements of fasteners and non-standard fasteners to us.Photo of the group with leaders of BossardAs one of the biggest fastener distributors in the world, Bossard was established in 1831 with its head office in Zug. The company has more than 2,100 staffs with its annual turnover reaching more than CHF 0.7 billion. Its offices were set up in nearly all over the world except South America and Russia.Meeting of BossardThe group was led to its storage, offices, testing rooms and other places. We were impressed with its fully automatic storage system and packaging system.After the investigation and visit, we were shocked by the science and technologies of Germany. Their continuous innovation, first-rate products, the sense of pursuing perfection and caring about quality are what we have to learn.
  • Fastener Fair Stuttgart 2017 has opened on Mar. 28th, 2017!

    Fastener Fair Stuttgart 2017 has opened on Mar. 28th, 2017!

    By CFM| 2017-03-30 00:00:00

    The latest edition of Fastener Fair Stuttgart, the world’ No.1 fastener exhibition, has opened in the city of Stuttgart, Germany on Mar. 28th, 2017, which is the 7th since it was first launched in 2005. This edition, which will run until Mar. 30th, is showcasing a variety of fastener and fixing products.The show covers only 3 halls this year (at Messe Stuttgart, Germany in Halls 1, 3 and 5), which is less than that of last year. However, 895 exhibitors from more than 40 countries are taking part in this edition of the fair while the number of exhibitors in the last show in 2015 was 832. Based on the official statistics, the exhibitor numbers are increasing year by year, from 435 in 2007 to 901 in 2017. Many Chinese companies even could not get a booth because the organizer has cut several halls this year. 143 companies from mainland China exhibited their products at the show, such as Jiangsu Washen, Brother Holdings Group, BSC CORPORATION, Haiyan Jinniu Fasteners, Handan Haosheng Fastener, Jiangsu Yagu Standard, Jiaxing Port Lixin, Ningbo ABC Fasteners, Ningbo Fastener Factory, Shanghai Fast-Fix, Shanghai Rivet, Yuyao Xintai and other famous companies. The Development of Exhibitor NumbersThe exhibitors are all globally well-known manufacturers of fastener end-products, equipment and distributors. Various kinds of newly developed high-quality products are being showed at the expo. Jiangsu WashenJiaxing ChinaFarJiangsu YaguJiaxing Port LixinShanghai Fast-Fix RivetShanghai Rivet ManufactureWafiosYuyao Biaoer Yuyao XintaiBased on our reporter, the show has attracted many visitors on the first day. In the morning, most visitors were at Hall 1 and Hall 3 and in the afternoon, more and more visitors came to Hall 5. The official data shows that the number of visitors has increased to 11,060 in 2015. We believe that the number of this year could be a new record.The Development of Visitor NumbersBeyond buying and selling, a total of 12 different meetings and forums are being held at this edition of the event. They're going to focus on latest developments in cold forming technologies, the outlook for European fastener importers and distributors during 2017, latest developments in EU trade defense policy, corrosion protection in the automotive market and other hot topics. ChinaFastener.com has led 36 leaders of Chinese fastener companies to the exhibition for a business visit. The 21st issue of ChinaFastener Magazine has attracted so many visitors. Based on the official data, the import output value of fastener products of Germany on the first half year of 2016 was USD 1,802,104,035, and the export output value was USD 2,786,051,684. We could see that Germany was a big market. All leaders of our group said that they were so impressed by the technology and products at the exhibition, and they would come to the exhibition again in 2019.Source: ChinaFastener.com 

Industry Activities

By Peg O'Laughlin ,2017-05-04 13:25:30

The U.S. International Trade Commission (USITC) today determined that revoking the existing antidumping duty orders on helical spring lock washers from China and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing antidumping duty orders on imports of this product from China and Taiwan will remain in place.Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith M. Broadbent, and F. Scott Kieff voted in the affirmative. Today’s action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.  See the attached page for background on these five-year (sunset) reviews.The Commission’s public report Helical Spring Lock Washers from China and Taiwan, Inv. Nos. 731-TA-624-625 (Fourth Review), USITC Publication 4689, May 2017) will contain the views of the Commission and information developed during the reviews.BACKGROUNDThe Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time.The Commission’s institution notice in five-year reviews requests that interested parties file responses with the Commission concerning the likely effects of revoking the order under review as well as other information.  Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review.  If responses to the USITC’s notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires.The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews.  Commissioners base their injury determination in expedited reviews on the facts available, including the Commission’s prior injury and review determinations, responses received to its notice of institution, data collected by staff in connection with the review, and information provided by the Department of Commerce.The five-year (sunset) reviews concerning Helical Spring Lock Washers from China and Taiwan were instituted on November 1, 2016.On February 6, 2017, the Commission voted to conduct expedited reviews.  Chairman Rhonda K. Schmidtlein and Commissioners Irving A. Williamson, Dean A. Pinkert, Meredith M. Broadbent, and F. Scott Kieff concluded that the domestic group response for these reviews was adequate and the respondent group responses were inadequate and voted for expedited reviews.  Vice Chairman David S. Johanson also concluded that the domestic group response for these reviews was adequate and the respondent group responses were inadequate but that circumstances warranted full reviews.Source: United States International Trade Commission

By CFM ,2017-04-17 00:00:00

On June 23rd, 2017, 2017 Global Fastener Industry CEO Summit will be hosted by ChinaFastener.com and co-organized by GPYH.com. We will invite five globally well-known guests to speak at the event based on the theme “Global Fastener Industry Structure under Conservatism”. The Summit aims at building a highest platform for communication and cooperation with the principle of promoting the development of the industry. Agenda of the Summit:1) 14:00—14:30  Sign-in2) 14:30—17:00  Speech3) 17:00—18:20  Go to Huangpujiang Wharf to board the cruise ship.4) 18:20—20:20  Visit Huangpu River and have dinnerDate & Time: On the afternoon of June 23, 2017 (the second day of Fastener Expo Shanghai 2017)Venue: No. C280 Conference Room, Hall 3, No. 2 Building, Shanghai World Exhibition & Convention  Highlights of the 2017 Summit:1.Near 300 leaders of famous enterprises, magazines and associations in the industry from all around the world will attend the Summit which will be reported by globally well-known media.2.Five high-prestige guest speakers will present speeches based on the theme, sharing their successful experience and ideas. 3. More than 50 overseas guests will be invited to the Summit, which will provide a perfect stage for all guests to know more partners and bring more opportunities to them.4. All guests will have dinner and visit Huangpu River together, which is an excellent environment for business communication.Review2013 Global Fastener Industry CEO Summit Theme: Establish New Order for Global Fastener Industry2015 Global Fastener Industry CEO Summit Theme: The Next Five YearRequirements for Attendees:1、Imports from Asia exceeds 1 million USD/year; 2、CEO from global representative fastener enterprises and distributors.Contact us: Sharon Chen   Tel:86 20 82270680   Email:service@chinafastener.com

By CFM ,2017-04-10 00:00:00

ChinaFastener.com has organized a group of more than 30 leaders of Chinese fastener companies to have a business trip from March 25th to April 2nd in order to investigate European fastener market. On March 27th (local time), the investigation group drove to WAFIOS, the first stop of this trip, to see how the company was running.Photo of our group with leaders of WafiosAs a Germany enterprise with years of experience, the company has focused on the manufacture and R&D of fastener equipment. Its cold forming technologies are far ahead.Based on the introduction, the annual sales volume of Wafios has reached €0.12 billion. The company has more than 1000 staffs and it can produce 56 types of machines. The one die two blow screw manufacturing machine could produce 900 pcs per minute at maximum speed. What’s more, 71% of its products were sold abroad and it had close cooperation with many big aerospace enterprise.Introduction meeting of products of WafiosDuring the visit in the factory of Wafios, we were surprised that the brass screws used in a product of the company were produced by the company of a member of our group which meant that the product quality of Chinese fastener companies were getting better and better and were accepted gradually by the high-end market.On March 28th, the group came to Fastener Fair Stuttgart 2017. As one of the three biggest fastener exhibitions in the world, the fair has attracted 312 fastener exhibitors from mainland China and Taiwan.Our reporters said that since EU cancelled the anti-dumping measures against Chinese carbon-steel fasteners, Chinese companies were eager to develop EU market and overseas buyers were also willing to build up a long-term and stable cooperation relationship with Chinese companies.As a well-known fastener media, reporters of ChinaFastener.com released the 21st issue of ChinaFastener Magazine at the exhibition and gave the magazine to European buyers.On March 29th, the group drove to the head office of Schatz, another fastener company in Germany. Wilfried, sales manager of the company welcomed us with open arms and led us to their factory.Photo of our groupAccording to the introduction, the company has been founded in 1955 and it has committed itself to developing the solution of various kinds of bolt assembling and other fastening technologies. Schatz has become the one of the biggest companies with the most advanced technologies in bolted joint assembly. The main products of the company are SCHATZ®-INSPECTpro Mobile test system, SCHATZ®-ANALYSE, and other service relating to software, hardware. By using the service, companies could monitor the assembling quality of production process and review and improve manufacturing techniques and assembling techniques through analyzing data and statistic, which could help efficiently improve the management and control of factories.After  the visit in the factory, technicians of Schatz shared their experience and answer the question about how to ensure the quality of bolt fastening and the production process and techniques under Industry 4.0. Our group members said that they benefited a lot.Meeting of SchatzOn the afternoon, the group came to Zwick for another visit.Founded in 1854, Zwick is one of the Top 500 companies in Germany, ranked at the fifth. It has employed 1,400 staffs of which 125 are R&D staffs. The company mainly develops globally top testing machines, especially in static testing field and fatigue testing field. It has set offices or technical service department in 56 countries or regions. The factory we visited could produce more than 4,000 testing machines of which 70% were sold abroad.During the visit, we saw some local students caming to the factory to study. Based on the introduction, their workers were graduated from vocational schools and these workers would work from the basic position for 3 years for training and after that, they could be allowed to operate machines of higher level.After that, the host shared its Fatigue Testing Systems which further enhanced our understanding of its products.Meeting of ZwickWhile in the full-automatic storage center, we saw its intelligent operation system operated by robots. These robots offered testing service automatically for 24 hours every day which could save time and costs. We were all impressed by the professional and intelligence of the company.On March 31st, the group ended the business trip in another company, Bossard. We were welcomed and accompanied by three leaders in purchasing department. They introduced Bossard’s company history, purchasing requirements of fasteners and non-standard fasteners to us.Photo of the group with leaders of BossardAs one of the biggest fastener distributors in the world, Bossard was established in 1831 with its head office in Zug. The company has more than 2,100 staffs with its annual turnover reaching more than CHF 0.7 billion. Its offices were set up in nearly all over the world except South America and Russia.Meeting of BossardThe group was led to its storage, offices, testing rooms and other places. We were impressed with its fully automatic storage system and packaging system.After the investigation and visit, we were shocked by the science and technologies of Germany. Their continuous innovation, first-rate products, the sense of pursuing perfection and caring about quality are what we have to learn.

Raw Materials

By DAVID SCUTT ,2017-05-23 11:21:37

Iron ore spot markets made it four gains in the past five sessions on Monday, hitting a more than two-week high in the process.The price for benchmark 62% fines rose by a further 0.8% to $63.19 a tonne, according to pricing from Metal Bulletin, extending its gain from May 8 to over 5%.Despite concern surrounding inventories of lower grade ores held at Chinese ports, the price for 58% fines actually outperformed the benchmark, rising 1.45% to $42.55 a tonne.Continuing a familiar pattern, Metal Bulletin said that strength in iron ore coincided with further price gains in Chinese steel markets."China’s spot rebar market surged on Monday after a major producer announced higher ex-works prices,” it said. “Shagang, a major long steel producer in east China, raised the ex-works prices for its late-May delivery rebar by 300 yuan per tonne.”The group said that further solid gains in rebar futures on the Shanghai Futures Exchange “provided an additional driver for the spot rebar market”.Last week, Vivek Dhar, mining and energy analyst at the Commonwealth Bank, said that a combination of lower-than-normal steel inventories in China and higher steel mill margins could act to support iron ore prices in the near-term."Chinese steel rebar stockpiles are now nearly 30% below the historic average. Together with a rebound in steel mill margins, there is a real chance that iron ore prices could rebound in the short term,” he said.There’s low inventory levels and profitability is high, in other words, something that could help boost steel production and with it iron ore demand.Dhar recommended that investors should watch for a pick-up in steel output rates in China to confirm stronger iron ore demand.Providing no clear indication as to whether the strength in steel and iron ore prices will continue on Tuesday, the moves in Chinese commodity futures were limited in overnight trade.The September 2017 iron ore future on the Dalian Commodities Exchange rose 0.2% to 495.5 yuan, finishing fractionally above Monday’s day session close of 494 yuan.It was a similar story for rebar futures which added 0.46% to 3,340 yuan, again finishing around the same levels seen for Monday’s day session close.Source: www.businessinsider.com.au

By Manolo Serapio Jr ,2017-05-22 13:15:55

Chinese steel futures jumped nearly 6 percent on Monday to their highest since March, stretching last week's gains on concerns over limited supply as Beijing keeps up a campaign to clamp down on polluting producers.Tangshan city in Hebei province, China's biggest steelmaking region, earlier this month kicked off efforts to suspend and fine mills that fail to meet emission standards.The campaign began on May 9 and will run through the end of the month.Prices of billet, a semi-finished steel product, picked up steam last week as independent rolling mills who make these into finished products such as rebar, snapped up billet and the price increase spread to other steel products."I think some of the rolling mills have brought forward their purchases thinking supply may be at risk," said Richard Lu, analyst at CRU consultancy in Beijing.The most-active rebar on the Shanghai Futures Exchange climbed as much as 5.7 percent to 3,366 yuan ($489) per ton, the highest since March 20. The construction steel product was up 5.3 percent at 3,355 yuan by 0228 GMT.But Lu said he was skeptical that price gains would be sustained unless demand strengthens."We don't think these environmental inspections will have significant impact unless the government can give a very clear order on production cuts and not just controlling emission levels.""I believe a lot of these plants have already installed the necessary facilities to limit pollution," said Lu.As steel prices picked up pace, so did raw material iron ore.The most-traded iron ore on the Dalian Commodity Exchange rose as far as 501 yuan a ton, its highest since May 4, and was last up 4.4 percent at 495 yuan.Iron ore for delivery to China's Qingdao port rose 1.8 percent to $62.69 a ton on Friday, its strongest level since May 4, according to Metal Bulletin.The spot benchmark climbed 2.1 percent last week, its second such increase in nine weeks.(Reporting by Manolo Serapio Jr.; Editing by Amrutha Gayathri)Source: Reuters

By Manolo Serapio Jr ,2017-05-19 10:22:49

Iron ore futures in China jumped nearly 5 percent on Wednesday, tracking a similar spike in steel prices, with declining steel inventories indicating firm demand as Beijing sustains a campaign to curb excess supply.The most-traded iron ore contract on the Dalian Commodity Exchange closed up 4.6 percent at 477.50 yuan ($69) a tonne, recovering further from Monday’s four-month low.Rebar on the Shanghai Futures Exchange rose 4.3 percent to end at 3,110 yuan per tonne, its biggest single-day increase since Jan. 10.Inventory of steel products held by Chinese traders had fallen 17 percent this year to 11.2 million tonnes as of May 12, said Argonaut Securities analyst Helen Lau."Therefore, the underlying real steel demand remains healthy,” Lau wrote in a note.Along with China’s efforts to tackle a glut, analysts said demand was expected to improve, especially for long steel products for construction.China said on Monday that 31.7 million tonnes of steel capacity had closed so far this year, 63 percent of the target for 2017. That comes on top of Beijing’s earlier pledge to shut all producers of low-quality steel products by the end of June as it fights pollution.Still, China produced a record 72.78 million tonnes of crude steel in April.Iron ore for delivery to China’s Qingdao port .IO62-CNO=MB rose 0.6 percent to $61.17 a tonne on Tuesday, according to Metal Bulletin.Meanwhile, Hong Kong-listed IRC Ltd said it was considering restarting its 1.1-million tonnes per year iron ore mine in the far east of Russia, the latest sign of revival in a sector shaking a years-long downturn.Source: Reuters (Reporting by Manolo Serapio Jr.; Editing by Miral Fahmy and Joseph Radford)

Company News

By Doug Wharley ,2017-05-23 16:22:09

Mcdonald Capital Investors Inc. CA cut its position in shares of Fastenal Company (NASDAQ:FAST) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,168,219 shares of the company’s stock after selling 47,274 shares during the period. Fastenal Company accounts for approximately 9.9% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 5th largest position. Mcdonald Capital Investors Inc. CA owned about 0.75% of Fastenal Company worth $111,663,000 as of its most recent filing with the SEC.Several other institutional investors have also modified their holdings of FAST. Norges Bank acquired a new position in shares of Fastenal Company during the fourth quarter worth approximately $98,191,000. D. E. Shaw & Co. Inc. raised its stake in Fastenal Company by 501.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,751,267 shares of the company’s stock worth $73,168,000 after buying an additional 1,460,283 shares during the last quarter. Flinton Capital Management LLC purchased a new stake in Fastenal Company during the fourth quarter worth $57,547,000. TCW Group Inc. raised its stake in Fastenal Company by 5,257.9% in the fourth quarter. TCW Group Inc. now owns 1,143,922 shares of the company’s stock worth $53,741,000 after buying an additional 1,122,572 shares during the last quarter. Finally, FMR LLC raised its stake in Fastenal Company by 893.7% in the fourth quarter. FMR LLC now owns 1,145,853 shares of the company’s stock worth $53,832,000 after buying an additional 1,030,536 shares during the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.Source: www.thecerbatgem.com

Exibition & Association News

By Ivan Su ,2017-05-22 00:00:00

As the annual event in fastener industry, Fastener Expo Shanghai 2017 is going to take place on June 22-24th at Shanghai World Expo Exhibition and Convention Center. The exhibition in 2017 will cover an area of 50,000 ㎡and the show is expected to attract more than 800 exhibitors and 28000 visitors.Then, do you know how many foreign fastener companies which produces machines will exhibit their products at the show?HYODONG MACHINE CO.,LTD       Booth No. A1009Hyodong Machine is a representative company that produces cold forging machines called ‘former’. They produce nuts, bolts and all essential parts needed in industry fields such as automotive, electronics, construction and the energy industry.To produce a better quality machine for our customers beginning in the 21st century, Hyodong has tried to develop technology by investing in the expansion of the factory and high-tech facilities. As a result of its recognized high technical skills, Hyodong has been leading the development of high accuracy multistage formers through the development of 8-station formers at home for the first time, Automatic tool changing systems and so on. Since 2010, Hyodong has remained good export records to Germany, Japan, the USA, China and others with its technical skills. Hyodong is going to continue to produce machines to give deep satisfaction to our customers based on independent technical skills in the future.Carlo Salvi Booth (Guangzhou) machinery and equipment LTD   No. A917Carlo Salvi was founded in 1939. It has been a leader manufacturing fastener producing machines. In 2011, the company entered China market and set up an office in Guangzhou. In 2015, the company was appointed as the solution supplier of CRRC Meishan Co., Ltd. for high precision products due to Carlo Salvi’s high-quality products, high production rate and competitive price. In 2016, Hatebur acquired Carlo Salvi.In the future, the company will continue to launch more high-precision machines with high production to satisfy the market demand.National Machinery LLC (Suzhou Aien Machinery Co., Ltd)  Booth No. A237National Machinery LLC has a long history and experience in designing, developing and manufacturing cold forming machines for cold forming steel components. It keeps itself in a leading position in cold forming technologies all around the world by continuous R&D, advanced equipment and skills, globally spreading sales and service network. Suzhou Aien Machinery is a subsidiary company wholly-owned by National Machinery LLC in China. Experts of engineering, assembly and quality control from the headquarter have stayed in the factory in Suzhou for a long period to ensure the products could meet the standards. Wafios       Booth No. A605As an Germany company with long history, WAFIOS has focused on manufacturing, research and development of fastener machines. Its cold forming and hot forming technologies are far ahead. In the field of warm forming, the company has its own unique technologies solutions. Especially its one die two blow machine, two die three blow machine and six die machine enjoying high reputation in the world.The annual sales of WAFIOS is about € 0.12 billion with more than 1000 employees. Its machines are high-precision, high-efficient with high automaticity. Now it has 56 types of machines of which the one die two blow screws machine could produce 900 pcs screws per minute.SACMA Machinery Shanghai Co., Ltd.           Booth No. A609SACMA is a leading company designing and manufacturing cold former hot former and other high-precision machines. Since its establishment in 1939, the company keeps growing and development. Due to its high quality in forming technologies, the company has gained acceptance and reputations from all over the world.In 1998, the company set up an office in Shanghai to follow the development of China. With the increasing demand for fasteners and other steel components of automatic, railway, transportation and other fields, the company has been favored by the market with its advanced technologies.Koninklijke Nedschroef Holding B.V.,      Booth No. A621Koninklijke Nedschroef Holding B.V., headquartered in Helmond, the Netherlands, is the leading automotive fasteners supplier in Europe. For more than a hundred years the company has been engaged in the development, manufacture and supply of fasteners and special parts for the automotive industry. In addition the company develops and produces superior metal forming machines and tools for the metal forming industry. Currently the group has 26 locations in 14 countries and employs about 2,000 people.The group has bundled its areas of expertise into the following eight centres of competence that each specialize and excel in their field concerning product and production quality and innovation.Using this broad expertise Nedschroef puts commitment into practice and delivers world class services and innovative, cost effective product solutions.Building on this strong platform Nedschroef is actively expanding its footprint and services to a global scale, thus responding to our customers’ needs with regard to localization in the emerging markets.Sakamura (Taicang Office)   Booth No. A437Sakamura is a manufacturer mainly producing cold former and hot former for bolts, screws and other high-precision components. Their machines are high-precision, and automatic. Marposs (Shanghai Trade Co,, Ltd.   Booth No. A425Marposs was established in 1952 which is a leading supplier of testing machines and technologies. In 1986, the company entered China market and supplied testing products, solutions and after-sales service which covered automatic field, machine tool, electric motor and other fields.In 2012, Brankamp joined Marposs. Brankamp can manufacture monitoring machine which could be used in thread-rolling die, multi-station cold formers, and other relating fields. Since its establishment for 30 years, the company has got great reputations and been accepted widely. Beside these exhibitors, what else could you expect in the show? 2017 Global Fastener Industry CEO Summit is another great concurrent event.In June 23rd, the Summit will be hosted by chinafastener.com and coorganized by gpyh.com.What you need to know about the Summit:1.Near 300 leaders of famous enterprises, magazines and associations in the industry from all around the world will attend the Summit which will be reported by globally well-known media.2.Five high-prestige guest speakers will present speeches based on the theme, sharing their successful experience and ideas. 3. More than 50 overseas guests will be invited to the Summit, which will provide a perfect stage for all guests to know more partners and bring more opportunities to them.4. All guests will have dinner and visit Huangpu River together, which is an excellent environment for business communication.Time & Date: 14:00 on June 23rd, 2017Location: No. C280 Conference Room, Pavilion 3, Floor 2nd, Shanghai World Expo Exhibition & Convention Center Apply for attendance: sharon@chinafastener.comTel: 86 20 8227 0680Source: chinafastener.com

By Hannover Messe ,2017-05-03 00:00:00

The five-day event based around making the benefits of digitalization tangible, Hannover Messe 2017, has concluded. Organizers spoke of a thriving event where the potential of intelligent robots, adaptive machines and integrated energy systems were discussed at length."More attendees, more solutions, more international – that aptly sums up Hannover Messe 2017,” said Dr. Jochen Köckler, member of the managing board at Deutsche Messe. “Over the past five days, Hannover has served as a global hub for all things related to Industry 4.0. Every sector involved in the digitalization of industry was on hand to showcase its answers to the key question faced by industrial enterprises everywhere: How can I best get my company into shape for the digital future? Hannover Messe has resoundingly underscored its value as a prime source of orientation for decision-makers from around the globe."The show had a lead theme of “Integrated Industry – Creating Value,” which was able to put a spotlight on the benefits of Industry 4.0 and the role of humans in integrated factories. As this year’s featured partner country, Poland called attention to the need for close cooperation throughout Europe."Hannover Messe 2017 has served as an unsurpassed showcase for the mechanical engineering sector," said Thilo Brodtmann, managing director of the German Engineering Federation (VDMA). "Industry 4.0 is now well past the trial stage, and is already generating real benefits in application. The show clearly reflected the industry’s buoyant mood – a mood powered by having exactly what it takes to get the job done for the benefit of people everywhere. And when it comes to international competition, we are definitely among the frontrunners."According to organizers, of the show’s 225,000 attendees (up from 217,000 in 2015 as the most recent comparable event), more than 75,000 came from abroad. "This is an unprecedented figure in the 70-year history of Hannover Messe,” Köckler said. The largest number of foreign visitors came from China (9,000), followed by the Netherlands (6,200), India (5,300) and Poland, whose 5,000 visitors set a new partner country record. The long-term impact of partner country participation was underscored by an impressive 3,000 visitors from the U.S. as last year’s partner."There was huge interest in the displays in the robotics halls," Köckler said. "Not only are cobots an exciting prospect for large companies – many SMEs were also at Hannover Messe to find out about these new helpers for their manufacturing operations."Organizers also found that previously sensors were viewed as the main technology item connecting up different machines, but this year’s event put platform solutions to the fore. Concretely, this refers to cloud-based network connections for the entire production operations, including data collection and analysis. "The trend towards the ‘digital twin’ concept in the production environment is opening up entirely new vistas for industry,” said Köckler.Exhibitors in the energy halls showed how the energy systems of the future might operate. The focus was on new energy storage technologies, which included serial production-ready electrolysis stacks, making hydrogen solutions a viable alternative even today.Hannover Messe organizers found that while with almost every passing week, another consultant study is published with dire warnings that SMEs are not ready for digitalization that that was not the case at the event. “Hannover Messe 2017 has told a different story,” said Köckler, pointing to the numerous component supplier companies exhibiting. “These companies are now digitalizing their processes and establishing connectivity with their partners, because they know that their customers – from the automotive industry, for example – expect the end-to-end digital tracking of each and every part every component.” Following on the heels of last year’s successful launch, the “Young Tech Enterprises” segment of the fair enabled young businesses to introduce themselves to potential investors, customers and partners. More than 150 startups were on hand, exhibiting storage devices for renewable energy networks, operating systems for augmented reality and mini-wind power plants for cars and trains.Featured as this year’s partner country, Poland sent a total of 200 companies to Hannover, highlighting the country’s credentials as an industrial location.In 2018, the next Hannover Messe will run from April 23 to 27 with Mexico as its official partner country.Source: Hannover Messe & http://www.controldesign.com

Fastener News

By RAKHI MAZUMDAR, ET BUREAU ,2017-04-28 09:37:50

KOLKATA: Domestic steel production is expected to remain high in the current year 2017-18 and is likely to rise by around 8-10%, an industry research report by CARE Ratings has said. However, steel prices may rise going forward as steel producers are expected to face increased cost pressure due to supply disruption and a steep surge in coking coal prices on account of Cyclone Debbie in Australia. The latter accounts for around 70% of India’s coking coal requirements that are fulfilled through imports. Sharing its outlook for steel industry in the current year, the latest report by the agency said government allocation for infrastructure in the union budget 2017-18 is expected to act as driver for construction and infrastructure in the country. Additionally, the National Steel Policy 2017 also aims to raise steel production the report pointed out. A number of steps by the government are likely to increase domestic steel consumption and thereby production it said. It includes Pradhan Mantri Awas Yojana, Make in India campaign, encouraging use of Made in India steel for various projects and spending in areas like railways, roads and urban development. Domestic producers are also increasing steel producing capacities expecting an increase in demand for steel of account of several initiatives taken by the government. Incidentally, India’s crude steel production grew by 4-5.5% during financial years 2012-14 on year on year basis. It stood at 81.69 million tonne (mt) in 2013-14 and 81.69 mt in 2012-13, while output grew 8.9% to 988.98 mt in 2014-15. In 2015-16 it saw a subdued growth and went up marginally by 0.89% to 89.78 mt, before gaining momentum and rising 9.4% to 89.11 mt in April 2016-Feb 2017 as steel producers raised output backed by government’s strong measures like Minimium Import Price to rein in cheaper imports.Source: The Economic Times

logo

Free Submit for Publication

Fastener News,Import & Export Statistics Reports,Industrial Actives,Exhibition,Forum etc.are welcome

word,image,excel,txt,pdf,rar,zip only

Hot Fastener News