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  • Always on the Run---CFM heading for M-Tech Tokyo 2014

    Always on the Run---CFM heading for M-Tech Tokyo 2014

    By CFM| 2014-06-27 00:00:00

    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.”  
  • CFM's World Journey Continues----Hardware+Tools 2014

    CFM's World Journey Continues----Hardware+Tools 2014

    By CFM| 2014-06-09 00:00:00

    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
  • ChinaFastener Magazine Exhibited in IndoFastener 2014

    ChinaFastener Magazine Exhibited in IndoFastener 2014

    By CFM| 2014-05-15 00:00:00

    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. 
  • CFM Heading for  Taiwan International Fastener Show 2014

    CFM Heading for Taiwan International Fastener Show 2014

    By CFM| 2014-04-15 00:00:00

    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

Industry Activities

By Kong Defang、Bianji ,2014-08-28 09:38:04

BEIJING, Aug. 27 -- China and Brazil face the task of refocusing their trade with each other onto more sophisticated products and investment as the two major emerging economies modernize their industrial structure and their demand for natural resources slows. China has been Brazil's largest trade partner since 2009 and Brazil is China's ninth largest trade partner worldwide and the largest in Latin America. However, the growth of bilateral trade is slowing down. In the first half of this year, export and import of goods between the two countries increased 7 percent year on year, a sharp drop from the 43.6-percent growth in the same period three years ago. Sun Yanfeng, a researcher with the China Institutes of Contemporary International Relations, attributed the cool-down mainly to the effect of economic restructuring in China. "China is gradually eliminating energy-intensive industries and moderating the speed of its economic growth. This has translated into declining demand for Brazilian natural resources," Sun said. Trade between the two countries has long been concentrated on raw materials. In the first six months of 2014, mineral and plant products accounted for 86.5 percent of Brazil's exports to China. Although the pace of growth in bilateral trade is expected to continue dropping, Sun sees opportunities for Chinese and Brazilian authorities to place more attention on the added value of their products and exploring new fields of trade. Take iron ore as an example. "China's demand for raw iron ore will decline with the shrinking of its energy-intensive industries, but it will need more of the processed iron ore products that Brazil can export," said Sun. China's decreasing demand for natural resources also comes at a time when Brazil is looking to move away from resource-centered industries, noted Zhou Zhiwei, a researcher with the Chinese Academy of Social Sciences. Meanwhile, economic ties between the two economies could go far beyond simple trade to include more joint ventures and investment, with Brazil craving Chinese funding of building projects. Chinese companies' relative wealth can help compensate for the shortage of funding in Brazil. Brazil's economic transformation is centered around modernizing its industry and encouraging investment and construction of infrastructure. "These are just the areas where China has accumulated a lot of experience," said Zhou. Sun stressed that trade alone is not enough to push forward the two countries' economic ties. "What is more important is cooperation in investment, financing and joint contracting, which could become the new engines for the economic ties." Over the past year, the Brazilian government has announced plans for a slew of infrastructure projects, including the extension of airports and ports, the building of 11,000 km of railway and 7,000 km of highway. During Chinese President Xi Jinping's visit to Brazil in July, Brazilian President Dilma Rousseff welcomed broader investment in his country by Chinese enterprises, particularly highlighting transportation, infrastructure, agriculture, information, logistics and innovation in science and technology.

By David Evans ,2014-08-27 10:16:31

Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger (ZILGn.DE) told a German paper. "The Chinese state has told several (German car) suppliers that they are no longer allowed to operate their Chinese subsidiaries on their own but only as part of a joint venture in the future," Stefan Wolf was quoted as saying by the Stuttgarter Zeitung. He said he knew of three companies that now needed to look for a Chinese partner, but did not say which, adding ElringKlinger was not affected. "If that were to happen, it would be an attack on intellectual property. 50 percent of the company is being taken away - this, effectively, is expropriation," Wolf said. "I believe this is an attempt to make up leeway in terms of know how and innovation." Robert Bosch [ROBG.UL] and Continental (CONG.DE), Germany's two biggest automotive suppliers, could not immediately be reached for comment. Earlier this month, the European Union Chamber of Commerce in China expressed concern over a recent series of antitrust investigations, saying China, the world's largest car market, was using strong-arm tactics and appeared to be unfairly targeting foreign firms. At the time, the chamber said it had "received numerous alarming anecdotal accounts from a number of sectors that administrative intimidation tactics are being used to impel companies to accept punishments and remedies without full hearings." The auto sector has been put under scrutiny from China's National Development and Reform Commission (NDRC), which has investigated car companies amid accusations by state media that global car makers are overcharging consumers. "The Chinese state is noticing that 50 percent of the automotive world is taking place in China and that its manufacturers are not benefiting accordingly," ElringKlinger's Wolf told the paper. European car brands including Volkswagen AG's (VOWG_p.DE) Audi, BMW (BMWG.DE) and Mercedes-Benz (DAIGn.DE) are scrambling to lower prices for new cars and spare parts in an effort to appease Chinese regulators who have accused some of them of anti-competitive behaviour. European and U.S. manufacturers are eager to increase their footprint in China, now the world's largest car market, but have been limited to owning 50 percent or less of joint venture companies run together with Chinese state-owned enterprises.  

By Ian Geoghegan ,2014-08-26 10:44:14

When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker. One supplier put in a slightly lower bid for front shock absorbers than its rival and a slightly higher bid for rear shocks, while its rival did the opposite. The intent was clear, recalled the carmaker's former parts procurement chief for Indonesia who is now back in Japan and didn't want to be named because of the sensitivity of the issue: they were dividing the contracts between them. A few weeks later, he came across the two rival suppliers' chiefs playing golf together in Jakarta, and summoned them to his office for an explanation. The upshot: the automaker asked the parts suppliers to re-bid. The account helps illustrate how some auto parts makers, in particular those from Japan, have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of over 80 million vehicles, and which are now being exposed in a worldwide sweep by regulators. For the past five years, competition watchdogs - from the United States, Europe and across Asia - have moved in, handing out record fines in some cases, and calling time on a business model that has served parts makers well. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops. Denso Corp, Japan's leading auto electronics parts supplier had a higher operating profit margin of 9.2 percent than Toyota Motor Corp in the year to March, while Aisin Seiki Co Ltd's 6.1 percent margin topped Nissan Motor Co's 5.3 percent. In South Korea, Hyundai Mobis, a leading Hyundai Motor supplier, had a margin of around 6 percent on parts and component systems sales to automakers last year, but 21 percent on replacement parts sales, according to its filing with the stock exchange. Some Japanese parts suppliers have evidently taken that business model further. "To secure high profitability, those suppliers often coordinate bids for a supply contract when they can, and come to automakers with mostly identical bids," the auto executive said in an interview at his firm's procurement office in Japan. As well as colluding to push up prices for new car parts, they also charge multiple times - sometimes as much as 10 times - the price when they make the exact same components available as replacement parts in the aftermarket marketplace. "In other words, they're doubling dipping to beef up and maximize their profit margins," the executive said. "This is the kind of cartel you deal with in Southeast Asia with Japanese suppliers, and that's not the exception, but the typical business condition we deal with routinely around the world." As regulators, most recently in China, go after suppliers in what has become a worldwide probe into price fixing, this "business model is in danger," the executive said. "We might be seeing the beginning of an end of it." BACK TO BASICS Japanese auto component suppliers, such as Toyota Group's Denso and Aisin, have, like their parent, long been considered as running highly efficient operations. But that reputation for being "lean" when selling cars in mature Western markets was challenged as global automakers aggressively went after a new generation of more cost-conscious buyers in emerging markets. Automakers took note of suppliers' cost structure before the authorities began clamping down on price manipulation - around a decade and a half ago as they sought to cut costs and vehicle prices to make cars more affordable in emerging economies. At the unnamed executive's company, for example, procurement officials began going after parts suppliers five years ago, mindful of their "pricing tricks," he said. For parts suppliers now, the answer may be to go back to business basics, industry officials and experts say. "Rather than change in their business model, parts makers are going to have to quit getting their hands dirty for profiteering and should go back to basics," said Hidehiro Utsumi, an attorney-at-law at law firm TMI Associates in Tokyo and an expert on anti-monopoly. That means re-embracing what Japanese automakers are best known for - eliminating excess from the manufacturing process throughout the supply chain and trimming any fat from production to achieve low cost and high quality. No one at Aisin or the Japan Auto Parts Industries Association was immediately available to comment. A Denso spokesman referred to its earlier press statements on fines in various markets. GLOBAL SWEEP The crackdown on auto parts makers began around early 2010, when regulators in the United States, Europe and Japan started looking into parts suppliers including wire harness makers such as Yazaki Corp and Sumitomo Electric. Japan's Fair Trade Commission has fined 12 local parts makers a total of $332 million since January 2012 for violating anti-monopoly laws, including Yazaki, headlamp maker Koito Manufacturing Co and bearing maker NSK Ltd. China last week fined a dozen Japanese parts makers a record $201 million for manipulating prices, while in the United States, 28 firms including Denso and Yazaki and more than two dozen executives have in recent years agreed to pay $2.4 billion in fines, according to the Justice Department. The European Commission last month fined several parts makers, including Yazaki, NTN Corp, NSK and Furukawa Electric, a total of $182 million, and is currently investigating possible cartels in car lights, thermal systems, air conditioners, seat belts, air bags, radiators and windscreen wipers. South Korean regulators last year fined units of Denso, Continental AG and Robert Bosch for price fixing, and are looking into whether there has been price collusion among car makers and dealers. In May, Singapore's Competition Commission fined Nachi-Fujikoshi Corp, NTN and NSK a record S$9.3 million ($7.43 million) for cartel behaviour in ball bearings, noting the price fixing, going back as far as 1980, even had a formal name: the Market Share and Profit Protection Initiative. The crackdown has hit Japanese parts suppliers hardest as they operate globally, though others such as Autoliv Inc have also been caught up. Car parts implicated in the probes range from wire harnesses, bearings and seat belts to anti-vibration rubber and ignition coils. (1 US dollar = 103.8700 Japanese yen)

Raw Materials

Company News

By Jessica Dye ,2014-08-28 09:59:37

A program to compensate victims of crashes linked to a faulty ignition switch in General Motors vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer overseeing the program. Amy Weiss, a spokeswoman for Kenneth Feinberg, told Reuters that the 107 deaths were among 309 claims that have been submitted so far. The program began accepting claims on Aug. 1 and will remain open until Dec. 31. Before a claim is deemed eligible, it will be evaluated by Feinberg and his staff to determine whether the ignition switch was in fact responsible for causing a serious physical injury or death. If so, Feinberg will determine how much compensation to award. The number of death claims submitted already far exceeds the 13 deaths that GM has officially attributed to the switch, which prompted the recall of 2.6 million vehicles earlier this year. Jere Beasley, a lawyer representing multiple people who have submitted claims, said the pace for filing claims seemed slightly slower than initially expected, in part because lawyers may be waiting to see how much compensation will be offered for certain claims before bringing new ones. In addition, waiting also allows time to gather evidence to determine whether certain accidents could be eligible before submitting claims. Determinations on eligibility for claims will be made within 90 to 180 days after they are submitted, Feinberg said in June when he announced the program. Feinberg previously said he expected the highest volume of claims within the first few months of the program, as well as its last. Robert Hilliard, a lawyer representing hundreds of people who are either suing GM in court or filing claims with the program, said he anticipated the number of claims would grow steadily. GM has set aside $400 million to cover compensation through the program, although the amount of total payouts is not capped. Under the program's protocol, eligible claims for deaths linked to the switch will likely be awarded at least $1 million, which could increase, depending on factors like whether the deceased had children or other dependents. People submitting claims will not waive their right to sue GM unless and until they accept an offer from the program. Feinberg will make all determinations on eligibility and compensation, GM has said. A spokesman for GM, Jim Cain, said the company is allowing the process to continue at arm’s length. Feinberg has overseen compensation programs for victims of other high-profile catastrophes, including the Sept. 11, 2001 attacks and the BP oil spill in 2010.  

Exibition & Association News

By CFM ,2014-08-28 00:00:00

As one of the largest exhibitions in Asia fastener industry, Fastener Expo Shanghai is the best choice for manufacturers to market and sell their products and services to thousands of interested buyers from throughout China and around the world. Being granted as the best place for industrial distributors, importers, sales reps and others Fastener Expo Shanghai provide you the chance to visit, touch and buy the latest product offerings as well as find solutions to unique and complex applications. The features of Fastener Expo Shanghai: Fastener machinery and tooling; inspection, testing and packaging equipment; abrasives; cutting tools; drills; hand tools; plant and safety supplies; and hundreds of other industrial products and services. The general info of Fastener Expo Shanghai 2105: Opening Time: 25~27, June, 2015 25~27, June, 2015: 9:00 AM ~ 16:30 PM 27, June, 2015: 9:00 AM ~ 14:00 PM Venue:Shanghai World Expo Exhibition & Convention Center, Hall 1 & Hall 2 (Address: No. 1099, Guozhan Road, Pudong District, Shanghai, China) Estimate Scale: Exhibiting Area: 42,000 sqm Exhibitors and Booths: 700 exhibitors (with more than 1,800 standard booths) Hall 1: The No.1 Greatest Pavilion of fastener machinery in the world Hall 2: The No.1 Asia Largest Pavilion of fastener and fixing products Visitors: 1,800 oversea visitors; 23,000 domestic visitors Organizer:Shanghai Ebseek Exhibition Co., Ltd. Overseas Agency:China Fastener Group Limited Designated Media:www.ChinaFastener.com.China Fastener Magazine.www.Luosi.com Web: http://shanghai.fastenerexpo.cn/en/index.html So click the following website::http://shanghai.fastenerexpo.cn/en/exhibitors/register.html and be part of Fastener Expo Shanghai 2015 – the professional exhibition for fastener and fixing technology in Asia

By khunnawat.teer ,2014-07-28 00:00:00

Mr. Duangdej Yuaikwarmdee, Deputy Managing Director of Reed Tradex Co., Ltd. said that According to Ho Chi Minh City has granted investment licenses to 5 FDI projects with a total capital of USD220 million. The newly registered and additional investment came from Japan, Germany and Hong Kong. These projects include steel, mechanics, machinery manufacturing and automobile components. According to the Municipal Department of Planning and Investment, Ho Chi Minh City has provided investment permits for 169 new FDI projects with a total registered capital of USD967 million since the beginning of this year. Some USD110 million have been added to 53 operational projects, bringing the total foreign investment inflow in the city in the reviewed period to nearly USD1.08 billion, doubling the number of the same period last year. “The Positive movements are happening in ASEAN’s automotive manufacturing industry especially in Indonesia and Vietnam which are attracting more investment from giant car makers in order to possess the level of competitiveness that will yield success in the region, especially in the ASEAN Economic Community era. These movements indicate good heath of both the auto and supporting industries.  Reed Tradex has realized that with the Government’s supports, Vietnam’s supporting industries serving the automotive industry, electronics industry, etc., are advancing to become stronger and stronger in response to the local manufacturing sectors’ needs for industrial parts; especially the demands from Japanese manufacturers, one of the biggest investors of the country. And with the ASEAN Economic Community era looming on the horizon, Vietnam’s supporting industries have both challenges and opportunities to handle. Opportunities reside in new machinery, technologies, and knowledge. With a view to help strengthening the industries with essential knowledge the industrialists can adopt to create a sharper competitive edge, Reed Tradex will join forces with Investment & Trade Promotion Centre (ITPC) and Japan External Trade Organization, Ho Chi Minh Office (JETRO) to organize MEGA Exhibition in this October 9 – 11. This year “METALEX Vietnam 2014” and “NEPCON Vietnam 2014” has grown by 20% and the number of exhibitor increased by 20%. We also have International Pavilions from Japan, Singapore, Taiwan, Korea, Malaysia, German, UK and Thailand. And we believe that in this year exhibition will be help drive the Vietnamese Manufacturer and the AEC market to competition in 2015. In addition for this year with collaboration from JETRO and ITPC are coming together to join their events, “Business Alliance for Supporting Industry 2014,” with Reed Tradex events “METALEX Vietnam 2014” and “NEPCON Vietnam 2014.” We believe this collaboration will benefit the growth of the supporting industries tremendously. Not only Vietnamese manufacturers will discover the latest machine tools and metalworking technologies and new SMT and testing technologies and equipment for electronics manufacturing but all Vietnamese manufacturers will also meet Japanese manufacturers who are looking for industrial parts and Vietnamese suppliers of quality parts and components, all in one event. Moreover, everyone will be able to gain new knowledge and networking opportunities through seminars and activities that will be concurrently held with the shows. Mr. Dao Thuong Khanh, Director of KSMC Co., Ltd. said that the leading company providing solutions for automation machinery and equipment for industrial manufacturing, cost savings, increase productivity and enhance product quality. Besides, the technology solutions that provide customers KSMC also help protect the health of workers and to create green working environment. The company's main customers are foreign invested manufacturing companies such as Japan, South Korea, USA, and Taiwan. At the moment, there are more than 60% of FDI companies in the EPZs, the industrial parks in Vietnam have cooperated with KSMC. Our motto is to update new technology that gives customers the optimal solution based on production to the latest manufacturing technology by Panasonic to attain the best quality, save production costs, and improve labor productivity. We will exhibit the laser printing, Engraving, laser welding technologies; Laser sensors. Especially the Panasonic Eco Technology - core technology on saving and efficient use of energy resources in accordance with ISO50001 standard. And this is the first time for Panasonic Industrial Devices SUNX (PIDSX) and Panasonic Industrial Devices Automation Controls Sales Asia Pacific (PIDACSAP) will participate with KSMC in METALEX Vietnam to showcase their new product ranges of sensors and Laser Market system. The first product is HG-C1000, Ultra-compact and precise positioning sensor that is realized by CMOS and new optical system. And the second one is LP-GS, Revolutionary compact size, Z-direction control and smart operation. Mr. Luu Trung Manh, Regional Managing Director of Carbon Vietnam Co., Ltd. said that Carbon Vietnam Investment Corp, is one member of Carbon Group Company, we are specialized in Foundry industry a part of supporting industry in Vietnam. We also focused on recycling metals including aluminum. Carbon does not invest in traditional industries but focusing on customers’ demand survey and supply capabilities in the world. Nowadays, supporting industry and heavy industry in Vietnam have been increasingly growing, especially when the Common Market Asia will be set up. Most firms from Japan, South Korea and Taiwan are shifting to invest in Vietnam. This is considered the opportunities as well as challenges for Vietnam and requires the help and cooperation from the Government. However, Vietnam has many advantages in human resources, land, natural resources, and the South China Sea is the main gateway to facilitate the attraction of foreign investment. METALEX Vietnam is evaluated as one of the best international exhibitions in Vietnam and good criteria for the field of metal, professional organization, that's why we chose METALEX Vietnam. In recent year, METALEX Vietnam was held successfully. Our main purpose to joining this exhibition is to spread the company’s image to the partners. This time, we will showcase the Foundry products at the exhibition which attracts more businesses to participate. Mr. Pham Van Toi, Director Tri Viet Technical Co., Ltd. said that we are supplier of machinery and equipment leading in Vietnam in the field of engineering machinery industry, besides providing products of machinery, equipment and spare parts for the mechanical engineering industry, construction. We also choose efficient investment solutions for enterprises come to Vietnam. Customers will be satisfied with the technical solutions and the best service as consultants selected investment options; installation, warranty, maintenance of industrial machinery; technical training and skills to operate machinery, equipment. Tri Viet is focusing on developing optimal range for each type of machinery, industrial equipment at the potential market and product diversification provided the Vietnam market. The goal of Tri Viet is becoming a long-term investment and business efficiency. In METALEX Vietnam, Tri Viet expects to introduce more machines with high-tech equipment in accordance with industry in the country and contributing to the overall development of the supporting industry in Vietnam. “Business Alliance for Supporting Industry 2014” “METALEX Vietnam 2014” and “NEPCON Vietnam 2014” will be organized during 9-11 October 2014 at Saigon Exhibition & Convention Center (SECC). Reporters who need more information please contact: khunnawat.teer@reedtradex.co.th  

Fastener News

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)    

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