By CFM| 2014-12-02 00:00:00
By CFM| 2014-11-28 00:00:00
By CFM| 2014-10-24 00:00:00
By CFM| 2014-10-17 00:00:00
By Ken Liu ,2015-02-05 10:09:06
Throughout 2014, both Taiwan's machinery industry and machine-tool industry delivered fewer machines than originally ordered due chiefly to the higher NT-dollar-to-greenback ratio than that between the U.S.-dollar and the Japanese yen and South Korean won. J.C. Wang, president of the Taiwan Association of Machinery Industry, points out that the island's machinery builders actually delivered on average US$1.7-1.8 billion of machines a month last year although government statistics show they were booked to build US$1.9-2.0 billion of machines a month. In December, the deliveries totaled only US$1.88 billion, lower than the association's projected US$1.9-2.0 billion in spite of an increase of 4.7% from the same month of 2013, Wang says. In the same month, the island's machine-tool sector shipped US$321 million of machines, only 90% of the US$350 million of machines on order books but representing a 1.3% growth from December of 2013. Throughout 2014, Taiwan's machinery industry exported US$20.88 billion of machines, a gain of 5.7% from 2013, with machine-tool makers delivering US$3.75 billion of machines to register an annual growth rate of 5.8%. Industry executives say price gaps between Taiwan-built and Japan-built machines have narrowed to within 10% from 25-30% since the yen-to-greenback ratio has fallen to 120 from 80, making Japan-built machines more inexpensive. They note that the weaker yen has prompted Japanese machine makers to cancel custom orders to Taiwanese makers, and European and American buyers to haggle over prices depending on currency fluctuations before asking for deliveries. Mainland Chinese buyers postponed delivery dates mostly because of stretched cash flow, which left them hard pressed to make downpayment for the machines they booked with Taiwanese makers. Wang points out that in 2015 there are upsides and downsides for Taiwan's machinery makers, with the advantages including the recent devaluation of NT-dollar and continuing decline in crud oil prices, and the disadvantages including the Free Trade Agreement between mainland China and South Korea, the decelerating economic growth of mainland China, and impact of the possible Greece's exit from the euro zone, a scenario predicted as unlikely by experts on global TV news channels. With the new leftist, anti-austerity prime minister Tsipras having won office, Greece's credit rating has been put on watch list for downgrade. The new PM would be courting disaster to consider leaving the EU when it owes billions in bailout loans. Pessimists forecast exports of both Taiwan's machinery and machine-tool industries to rise 10 percent year on year in 2015 while cautious executives put the growth rate at 6-7 percent.
By MDM ,2015-02-04 09:57:50
The value of merger-and-acquisition transactions worldwide jumped 28 percent in January compared with the same month a year ago, making it the busiest January in four years, according to Thompson Reuters. But most of the action was in Asia, with deals targeting U.S. companies declining 13 percent, a trend reflected in fewer notable distribution purchases during the month. Electrical distribution made some of the biggest noise in January, with France-based Sonepar and one of its subsidiaries pulling off a trio of acquisitions. Sonepar bought a Belgian distributorand an Italian distributor, and Sonepar USA subsidiary OneSource Distributors bought two related Hawaiian companies, RASKO Supply and RASCO Supply. In other electrical distribution M&A activity, Cedar Rapids, IA-based Van Meter said it will acquire Miller Electric Supplyto expand its presence in Iowa to 14 locations. Big news came out of the fasteners sector, which saw Anixter International deciding to sell its fasteners division, according to the Financial Times. The division is expected to sell for more than $500 million, according to FT. Anixter had sales of $6.2 billion in 2013 with the fasteners division – reported as OEM supply – accounting for about 15 percent of total sales. Also in fasteners, the Bossard Group said it would acquire the fastening solutions division of Forind Avio Elettronica S.p.a.for undisclosed terms. Despite a relatively slow start to 2015 in distribution, the year promises to contribute greatly to the industry's consolidation story, with M&A expected to pick up considerably, according to David J. Manthey, senior research analyst, industrial distribution services, Robert W. Baird & Co. During the recent MDM Webcast, 2015 Distribution Industry Outlook, Manthey said the M&A environment is ripe for numerous and noteworthy deals this year. "From a private equity standpoint, first of all, there’s about $465 billion of dry powder in global private equity buyout funds right now," he said. "That’s up from about $180 billion 10 years ago, so massive growth there. With the low rates they’re able to really get much more attractive returns with higher degrees of leverage."
By Rotabolt ,2015-02-03 11:28:20
The first system in the world to offer true remote, wireless monitoring of bolted joint integrity has been launched by James Walker RotaBolt in partnership with Transmission Dynamics. The RotaBolt-TD system continuously monitors and wirelessly reports in-service bolt tension, and can even issue ‘tension-loss alarms’ via email or SMS direct to stakeholders. It has the potential to revolutionise maintenance regimes particularly where important bolted joints are difficult to access because of location or operational environment. “With the RotaBolt-TD System, you will be able to monitor all the important bolted joints in an offshore wind farm from your mobile phone,” commented Rod Corbett from James Walker RotaBolt, “it is going to have a major impact on maintenance costs across many different industries and applications.” Jarek Rosinski from Transmission Dynamics added, “RotaBolt-TD is supported with state of the art instrumentation and data automation, and can be deployed with a full data management and reporting package. We know that it is a system that many have been waiting for.” Each bolt in the RotaBolt-TD system contains micro instrumentation and a wireless transmitter. It periodically reads bolt tension, critical to the integrity of the joint, and then wirelessly transfers the information to a local transceiver which collects the data from any number of bolts and then transmits the report via the internet, or GSM network, to a secure server. The system, which has taken over five years to research and develop, allows for continuous monitoring of bolt tension and automatic report generation. It can deploy an alarm in case of a sudden loss of bolt tension below a predefined level, notifying authorised stakeholders globally by either email or SMS. Each bolt contains a coin-cell battery which ensures 5 years continuous unattended operation. Transmission Dynamics provide services to blue-chip technology companies around the world and have clients in the renewable energy, mining, marine, defence, automotive and rail sectors. They design and manufacture their own range of wireless telemetry and data acquisition systems for recovering in-service load information from the most demanding of environments. James Walker RotaBolt have been at the forefront of bolted joint reliability since the 1980s, championing their bolt tension technology across a wide range of industries. Today their fasteners are used to assure bolted joint reliability in environments where pressure containment, vibration, fatigue and structural slippage are present.
By Nann Cheng ,2015-02-10 10:34:47
It’s reported that the Chinese steel giant Baosteel announced to remain its export prices for austenitic stainless steel coils unchanged for February as the nickel prices increase recently. The company has kept its stainless steel export prices flat for two months in a row. After the announcement, its export prices for 304 grade hot rolled coils with thickness of 3mm and cold rolled coils with thickness of 2mm are about US$2,660/ton and US$2,860/ton respectively.
By steelguru ,2015-02-09 10:09:01
Reuters reported that crude steel capacity in China is likely to grow this year despite difficult market conditions as new projects are coming on stream. China's Ministry of Industry and Information Technology said that “Long standing overcapacity, slower growth in demand and tighter credit have forced many Chinese steel mills to produce at a loss or at low profitability. Generally, oversupply in the steel sector is unlikely to improve this year, exports will drop slightly, steel prices will stay at low levels and steel mills' profitability may not be positive. Investment in the ferrous metals smelting and processing industry fell 5.9% last year but remained at a relatively high level and there are still 2,037 new steel projects under construction. China's crude steel capacity reached 1.16 billion tonnes at the end of 2014, with its production accounting for 49.4% of global output.” However, some analysts expect capacity to increase by only about 10 million tonnes this year. The China Iron & Steel Association has forecast domestic crude steel output would fall 1.1% to 814 million tonnes this year, after rapid expansion over the past decade, as a slowing economy has hit demand for commodities. China's apparent steel consumption fell 4% to 740 million tonnes last year, and steel demand is unlikely to improve much as Beijing is shifting its economic growth model and slowing fixed asset investment.
By Nann Cheng ,2015-02-04 11:01:53
According to data released by the Japan Iron & Steel Federation (JISF), the country’s imports of ordinary carbon steel totaled 4.91 million tons in 2014, rising by 18% year-on-year. Also, the imports hit the highest level since 1997, when the total ordinary steel imports reached 5.66 million tons. In 2014, Korea was the largest exporter of ordinary steel to Japan with 3.24 million tons, increasing by 13%; Taiwan was the second largest with 1.01 million tons, rising by 6.5%, both compared to the figures in 2013.
By CFM ,2015-02-10 09:56:08
2014 is believed to be a rough year for most export-oriented fastener manufacturers in China. During our interview, four possible reasons were pointed out by Jarod Shi, the foreign trade manager of Jiaxing Chinafar Standard Parts Co., Ltd. “First, the global economic recession leaded to less market demand; Second, the overcapacity of the industry had intensified virulent price competition; Third, the RMB appreciation and depreciation of other non-US currencies had increased customers’ import cost; Four, the steel price presented a down tendency which resulted in more cautious buyers.” as was told by Jarod. Though the situation is difficult, Jiaxing Chinafar still completed its sales plan, reached 10 million USD this year. The predecessor of Jiaxing Chinafar, Haining Huada Plating Co., Ltd was founded in 1997. Specialized in threaded rod plating, it was one of the earliest forerunners in the industry. Jiaxing Chinafar Standard Parts Co., Ltd is established in June in 2011. With an area of 16,000 square meter, its annual production of threaded rod now reaches 15,000 tons. It was awarded the top five innovative fastener manufacturer in 2014. With years of experience in participating in internationally fastener exhibitions, Jiaxing Chinafar seems to have clearer awareness of the market and its own advantage. When speaking about its competitive strength, Jarod shared confidently : “ Firstly, we have lower cost since that we’ve got our own land and plant and 100 machine, which means no loan from the bank and less labor cost; my boss Mr. Pan is involved in steel trading business since 2014, in this case, we can buy cheaper steel with good quality than others; And secondly we have strategic marketing plans based on the wide customer range; What’s more, as we have a huge capacity of threaded rod, the leading time of Chinafar is only 20-30 days. Worth to mention that as we focus on threaded rod only, and we have a QC group of 10 persons to supervise the production , our quality is quite stable and excellent. The price advantage is more distinct in threaded rods DIN976 4.8 6g and 8g, DIN976 8.8 6g and short studs.” Asking about the future plan, Jiaxing Chinafar will separate its packing department from the production department and office area for delicacy management and higher efficiency. The estimate annual production for 2015 is 12 million USD.
By Mike Hockett ,2015-02-09 10:35:36
Fastenal, No. 12 on Industrial Distribution's 2014 Big 50 List, released its January sales information on Wednesday. The data showed a 6.9 percent year-over-year sales gain in the month at $313.5 million. There was one fewer business day in January 2014 than in 2013. Daily sales averaged $14.9 million, a 12 percent increase. January sales to manufacturing customers increased 10.5 percent, while sales to non-residential construction customers gained 9.8 percent. Fastenal didn't open a store in January, leaving its store count at 2,637. That remains 50 stores fewer than at the end of January 2014.
By CFM ,2014-12-02 00:00:00
On the very first day of Fastener Expo Guangzhou 2014, www.luosi.com held a big celebration of its 10th anniversary on 24th Nov. with experts and leaders from more than 400 Chinese fastener companies and fastener associations. The fifth Chinese Fastener Summit was held at the same day. Many big names in industry attended the summit in the afternoon. The celebration was divided into three sections. In the afternoon of 24th Nov., a summit of fastener elites was held. The appreciation dinner came after in the evening. A special psychological lecture about wealth and restrictive concept was scheduled in the afternoon on 25th . The summit begun at 15:00 in the afternoon with the speech of Mr. Feng Jingyao, Chairman of China Fastener Industry Association on the topic of the current situation of China fastener industry. He emphasized that the older generation of entrepreneur should pay more attention on innovation rather than their rest glory since the relative trade advantage of China is becoming less and less distinct. Then an professional expert in internet industry, Mr. Xiong Youjun, shared his idea about the application of internet in the traditional industry. His ideas about how to utilize the new media and website for company promotion had enlightened many CEOs. Then, Mr. Chen Huayin, the CEO of Suzhou Fast Hardware Co,. Ltd, shared his experience on how to realize fastener e-business. As a professional fastener manufacturer, the online sales value of Suzhou Fast Hardware reaches about 100,000 million each year. Further on, a high-level fastener industry dialogue which was hosted by Mr. Yang Junfeng, the CEO of www.luosi.com. He invited four guests to debate on the topic of how should fastener companies make the most of internet and how to solve various kinds of problems in the Dinner started in a pleasant atmosphere at 18:00. An amazing sand artist performed sand animation to showcase the ten years’ development course of www.luosi.com, during which we also reviewed the foundation of ChinaFastener Magazine and www.chinafastener.com. It was founded in 2004. After ten years of devoted work , is now the official website of China Fastener Institute and the leading media in China’s fastener industry. www.luosi.com is the Chinese web and the international version is www.chinafastener.com. It also publish professional fastener guide books every year. Luosi Industry is the Chinese one and ChinaFastener Magazine is a Chinese-English bilingual one. Later, the enthusiastic dance performed by ten beautiful female staff of www.luosi.com stirred up the whole party. And the president of www.luosi.com, Wang Yanbo, together with three programmer and English editor of www.chinafastener.com, presented a inspiring song. What carried on was the link of lucky drawing and the evening ended in joyful mood. Most of the attendees expressed their appreciation towards the event by providing chance for them to communicate with each other. In the end, Mr. Feng Jingyao and the management unveiled a precious plaque which was given by a 98 year old eminent monk. It expressed the good wish that www.luosi.com to build century brand. Almost all the attended guests packed on the stage and had a big group photo. Happiness and satisfaction was so easily found on everybody’s face. process.
By CFM ,2014-11-28 00:00:00
During 24-26 Nov., Fastener Expo Guangzhou was successfully held in Poly World Trade Expo Center. Foreign buyers came from 33 different countries, like Turkey, Italy, Poland, USA, Norway, Dubai etc. As was recorded by the organizers, the total number of visitors doubled than the last year on the second exhibition day. Overseas buyers consulting CFM’s customer service Big promotion painting of ChinaFastener Magazine Lots of CAS members (What is CAS members?) exhibited and told us that the show was a worth-going one, like Suzhou Xling, Shanghai Chengtai, Sailuk Rivet, Jiaxing Chinafar, S&D Fastener, Jiaxing Xinglin, Shanghai King Fastening, Jiangsu Washen, Yuyao Xintai , Cixi Jinggeng, Dongguan Demeng, Foshan Qingchang, Daqi Orient, Beijing Jinzhaobo etc. Jiaxing Chinafar Suzhou Xinling Sailuk Rivet Shanghai Chengtai Yuyao Xintai Cixi Jinggeng Foshan Qingchang S&D Fasteners Dongguan Demeng Shanghai King Fastening Though the scale of the show is not as big as Fastener Expo Shanghai, Fastener Expo Guangzhou was a great success not only to mention the large visitors flow, but also the great effect to promote business. And the organizers expressed their warm welcome and said that they will be expecting for more visitors to visit Fastener Expo Shanghai 2015 during 25-27 in the next year.
By Miles Moore ,2014-11-17 11:28:58
TOLEDO, Ohio—Hitachi Metals Ltd., a Tokyo-based auto parts manufacturer, has agreed to plead guilty and pay a $1.25 million fine for its alleged role in a conspiracy to fix prices and rig bids for automotive brake hose. The U.S. Justice Department Antitrust Division filed a one-count felony charge and settlement agreement against Hitachi on Oct. 31 in the U.S. District Court for the Northern District of Ohio in Toledo. According to the document, Hitachi and its co-conspirators fixed the prices of brake hose sold to Toyota Motor Corp. and Toyota’s subsidiaries, affiliates and suppliers. Hitachi’s involvement in the conspiracy lasted from at least November 2005 until at least September 2009, according to the Justice Department. In addition to pleading guilty and paying the fine, Hitachi also agreed to cooperate fully with Justice Department investigators in their ongoing probe of price fixing among auto parts manufacturers, the agency said. The settlement agreement is subject to court approval. With Hitachi’s guilty plea, 30 auto parts manufacturers have pleaded guilty or agreed to plead guilty in the Antitrust Division’s price fixing investigation, the largest in the history of the agency. Those companies have agreed to pay a total of nearly $2.4 billion in fines. Forty-four executives of those companies have also been charged individually for their alleged roles in the conspiracy. The Antitrust Division and the Federal Bureau of Investigation continue to seek information on price fixing, bid rigging and other illegal, anticompetitive practices in the auto parts industry. Anyone with information on this matter should contact the Antitrust Division’s Citizen Complaint Center at 888-647-3258 or at this website. They may also contact the FBI’s Cleveland field office at 216-522-1400.
By ,2014-11-04 10:51:33
New Delhi: The country’s largest two-wheeler maker, Hero MotoCorp Ltd, on Sunday reported a 8.05% decline in its sales in October to 5,75,056 units. The company had sold 6,25,420 units of two-wheelers in October 2013. The company said it clocked sales of over 1 million two-wheelers during the 37-day festive period, which started on 25 September (first day of Navratras) and lasted until 31 October 2014. Hero MotoCorp said it has lined a total investment of over Rs.5,000 crore across the world, including manufacturing plants in Colombia and Bangladesh, and the new plants coming up at Gujarat and Andhra Pradesh, and the Hero Global Centre for Research and Design at Kukas in Rajasthan.
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
On Sep. 18th, China International Hardware Show (CIHS) grandly opened at Shanghai New International Expo Center. ChinaFastener Magazine, being as one of the leading fastener media in China’s fastener industry, exhibited the show (Booth No: F60 and F62) and distributed its latest issue at scene. The show started in 2001 and was often regarded as Asia’s top trade fair for the entire hardware and DIY sectors offering specialist traders and buyers with a comprehensive category of products and services. This year there are about 3000 hardware enterprises exhibited from home and abroad. And it covered an area of 120,000 square meters. The estimate number of visitors during the three-day exhibition is 50,000. CFM journalist noticed that the participation of fastener companies is less good than the last year influenced by the unfavorable market situation. Only about 80 fastener companies came. Some of the fastener exhibitors are : Fast-Fix, Washen, Jiaxing Chinafar, Sansega, Jiaxing Zhengying, Jiangsu Xinchangjiang, Ningbo ABC, Haiyan Guangda, Haiyan hongmao etc. Fast-Fix Jiaxing Chinafar Jiangsu Washen Haiyan Sansega Jiaxing Zhengying Ningbo ABC Jiangsu Xinchangjiang Haiyan Guangda Sanhewlett
2014 Korea Metal Week grandly opened on Sep. 16th, 2014 in Korea International Exhibition Center (KINTEX), Seoul, South Korea. ChinaFastener Magazine (Booth No. 5g 190) attended in it as a supportive media. Korea Metal Week, organized by Korea Trade Fairs Ltd, is held every two year since 1989. It is the biggest metal industry and machinery fair in South Korea, comprising of seven shows. They are Fastener & Wire Korea, Die Casting & Foundry Korea, Automobile & Machine Parts Korea, Press & Forging Korea, Tube & Pipe Korea, Metal Surface Treatment Korea, and Korea Composite Show. This year 320 exhibitors participated in this event and 31 of them came from mainland China. The rest of exhibitors were from Korea, Chinese Taipei, Germany, the USA, Switzerland etc. Chinese exhibitors were relatively fewer than the last year. 50 exhibitors from mainland China exhibited in 2013. About 89 exhibitors exhibited in Automobile & Machine Parts Korea. And 58 exhibitors gathered in Fastener & Wire Korea.15 fastener companies from mainland China exhibited, including Shanghai Rivet, Qiang Xin, Wenzhou Taihe, Hebei Fuao, Baoji Qicheng, Hangzhou Dingyuan, Ningbo Exact, Ningbo Jinding, Eagle Hardware, Shanghai Jingyang, Haiyan Sanma, Ningbo Hexin, Kinfast Hardware etc. Many famous brands also appeared such as Atotech, Hyodong etc. Atotech Hyodong Shanghai Rivet Wenzhou Taihe Qiang Xin Hebei Fuao Baoji Qicheng Hangzhou Dingyuan Shanghai Jingyang Ningbo Jinding Haiyan Sanma Being as the supportive media partner, representative of CFM distributed the latest issue of ChinaFastener Magazine at scene and it was very much welcomed by the international buyers. They were quite interested about the buyer’s guide part. The visitors were fewer at the opening day and today there are much more buyers. As the organizer put, this exhibition will be held once a year from this year on. The next Korea Metal Week will be held in Sep 2015 Worth to mention, Korea Metal Week is concurrently held with 4 major trade fairs specialized in machine (KOMAF), tools (Tool tech), auto parts (KOAASHOW), and welding (Welding Korea), which comprised as Korea Industry Fair. It is expected that there will be around 130,000 buyers to visit during the four days exhibition. In 2013 South Korea’s fastener output reached 970,000 tons Automobile industry, construction industry, and electronics industry were the three largest consumer groups of fasteners, demanding more than 750,000 tons (77.4%), 130,000 tons (13.5%) and 20,000 tons respectively, and the rest 70,000 tons went into other industries. As for the import, South Korea imported USD 520 million fasteners in 2013, up 16.7% in comparison with 2012 (2012: USD 450 million). The fasteners imported from mainland China, USA, Germany, and Chinese Taipei were USD 180 million, 130 million, 49 million, and 25 million, respectively, with such fasteners shipped from mainland China taking the highest share of 34.6%. In regard to export, South Korea exported USD 670 million fasteners in 2013, up 11.3% while compared with 2012 (2011: USD 607 million). From above statistics, it is pretty obvious that Mainland China is the major supplying country of South Korea’s fastener industry. And the holding of Korea Metal Week plays an important role in strengthening the communication and trading between South Korea and Mainland China. The 16th Issue of ChinaFastener Magazine will go to Metalex Vietnam and 2014 National Industrial Fastener& Mill Supply Expo (Booth No 1553). Come and get a free hardcopy then , see you there! Or you can contact us through email@example.com
After a short break from 2014 Fastener Expo Shanghai, the representative of ChinaFastener Magazine exhibited in the 18th M-Tech Tokyo during 25-27 June. Japanese companies account for nearly 90% of the 900 exhibitors. 18 exhibitors of fasteners came from Korea and 17 from China mainland. Most of Chinese exhibitors came together with translators since about 95% of the visitors are Japanese. CFM's Booth E32-16 Some of the Chinese exhibitors also went to Fastener Expo Shanghai 2014 as well as CFM representative, like ChinaFar, Jiaxing Zhengying, Ningbo Jinding, Eagle Metalware ,Jiaxing Zhapu, Jiashan Yongxin etc. Jiaxing Zhengying Jiaxing Chinafar Eagle Metalware The 18th Mechanical Components & Materials Technology Expo (M-Tech), 5th Medical Device Development & Manufacturing Expo (MEDIX), 25th Design Engineering & Manufacturing Solutions Expo (DMS), 22nd 3D & Virtual Reality Expo (IVR) was held during the same period. Satisfaction was found on everybody’s smiling face Representative of Korea Group Taiwan Group CFM representative recommended appropriate suppliers and was astonished by the creative decoration of exhibitors at scene. It is said that, the fastener industry is relatively stable and closed in Japan. Fastener companies tend to buy steel , cold header ,heat treatment facilities and other related materials at home. During CFM’s short interview with Chinese exhibitors, some of them also said that :” In fact, the main reason for us to come to the show is that we really want to know the development of fastener industry in Japan and see what we can learn from them.”
During 3-5 June the 15th Hardware + Tools Middle East grandly opened in Dubai International Convention and Exhibition Centre (DICEC), Dubai, United Arab Emirates, showcasing the Product Groups of TOOLS, HARDWARE, CONSTRUCTION & BUILDING MATERIALS, and MACHINERY. CFM's booth No (HT711) Being as the most delicate hardware fair in the region, Hardware + Tools Middle East 2014 has attracted 230 exhibitors from 13 different countries, including China ,India, France, Germany, Italy, Poland etc. Among them, most of the exhibitors came from China. Chinese exhibitors counted 155 and 9 came from Chinese Taipei. About 17 Chinese fastener companies took part in this big event, such as Dongtai QB, Yuyao Mingfeng, Ningbo Sijin, Jiashan Yongxin, Haiyan Sansega, Haiyan Ronghua, Shanghai Anzi, Wuxi Hezi, Haiyan Brother United, Haiyan Hongcheng etc. Shanghai Anzi Haiyan Ronghua Ningbo Sijin Yuyao Mingfeng Jiashan Yongxin Haiyan Sansega Wuxi Hezi Haiyan Brother United Haiyan Hongcheng As the affection of many of EU’s anti-dumping duties, Chinese fastener companies are eager to open new market. It is reported that Dubai had imported 72,583 tons of fasteners from China in 2013, which counted 26% of the total import amount. The export value of fasteners imported from China is 113.2 million dollars. During the last 10 years, the population and number of tourists surged in a great deal. CFM journalist noticed that there are at least 10 five star hotels which are in preparation. Furthermore, the government investment on hardware and architectural projects will possibly exceed 200 billion dollars in 2015, like the expansion of AUH, Dubai Rail Project, City of Arabia in the biggest theme park Dubai Land etc. All that indicate the great potential of fastener market in the Middle East. Suppliers scanningCFM 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.