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  • China Fastener Show launches European session

    China Fastener Show launches European session

    By Fastener+Fixing| 2020-11-27 00:00:00

    Following on from the success of its first online edition, to help Chinese fastener companies with export, the China Fastener Show Online is holding a European session, taking place from 26th – 31st OctoberThe first edition was held successfully from 10th – 18th August. 9 days around the clock attracted 75,132 visitors, including 5,376 international buyers. During the exhibition, 309 one-to-one purchase meetings were held, which helped buyers find suitable suppliers efficiently.Operated and supported by ChinaFastener.com, it is expected that more than 300 exhibitors, 3,000 European buyers and 50,000 professional visitors will participate in the show. These exhibitors will showcase a range of fastener products including finished fasteners – standard fasteners, non-standard fasteners, automotive fasteners, high-strength fasteners etc. Also on display will be fastener production equipment, fastener materials, as well as testing instruments, packaging equipment.During this period, more than 30 concurrent activities will be held, including one-on-one purchase meetings, Cloud factory visits, technology sharing, new product demonstration, etc.Highlights of the show will include 30 European associates participating, one-on-one purchase meetings with competitive suppliers, company live broadcasts, showcasing the strength of exhibitors and instant communication tools with English translation.
  • China Fastener Show Online returns for European Session, with cloud factory visits

    China Fastener Show Online returns for European Session, with cloud factory visits

    By Jonathon Harker| 2020-11-27 00:00:00

    Next month will see the return of the China Fastener Show Online for a Europe-targeted session, running 26-31 October 2020.The virtual show follows up August’s China Fastener Show Online, where approximately 300 purchasing meetings were held, and 75,132 visitors (including 5,376 international buyers) attended virtually at the ‘around the clock’ event.China Fastener Show Online (European Session) will be operated and supported by ChinaFastener.com, and is expected to see more than 300 exhibitors, 3,000 European buyers and 50,000 professional visitors participate. This new session will again be designed to help Chinese fastener enterprises seize new opportunities for export.One-on-one purchasing meetings will take place, as well as cloud factory visits, technology sharing, product demos and more. Pre-registration is ongoing. Over 30 European associations will participate and instant communication tools are promised with English translation.The scope of exhibits will include Finished Fasteners, including standards, non-standards, construction fasteners, automotive fasteners, etc. Related products and services will be exhibited too, including consumables, fastener production equipment, fastener moulds, testing and inspection instruments and more.This year’s increased emphasis on virtual shows comes amid a tough year for the exhibition business, with most of 2020’s shows delayed or outright cancelled.www.fastenershow.com

Industry Activities

By Xinhuanet ,2021-06-16 21:05:24

Raw Materials

By Xinhuanet ,2020-09-02 16:19:52

South Korea's export kept a single-digit fall for two straight months on a partial recovery of global demand despite the continued export slide for six months, a government report showed Tuesday.Export, which accounts for about half of the export-driven economy, shrank 9.9 percent from a year earlier to 39.66 billion U.S. dollars in August, according to the Ministry of Trade, Industry and Energy.The outbound shipment continued to fall for six straight months since March, but it slowed down from declines of 25.6 percent in April, 23.8 percent in May, 10.8 percent in June and 7.1 percent in July respectively.It came as global demand partially recovered amid the reopening of businesses in major economies after shutdowns on worry about the COVID-19 pandemic.The daily average export shed 3.8 percent in August from a year earlier, lower than falls of 12.5 percent in February, 18.8 percent in April, 18.4 percent in June and 7.1 percent in July each.Export to China, South Korea's biggest trading partner, was down 3.0 percent in August from a year earlier, but the daily average shipment to China increased 3.6 percent.Shipment to the United States and the European Union (EU) dipped 0.4 percent and 2.5 percent respectively in the month, but the daily average export to the United States and the EU grew 6.4 percent and 4.1 percent each.Export to the Association of Southeast Asian Nations (ASEAN) retreated 17.8 percent in August from a year earlier on weak demand for display panels, general machinery and oil products.Shipment to Japan and the Middle East tumbled over 20 percent, with export to India and Latin America dropping over 30 percent last month.Semiconductor export kept growing for two straight months. The daily average chip shipment advanced 9.9 percent in August, after rising 5.6 percent in the previous month.Computer shipment more than doubled in August from a year earlier, continuing to expand for the 11th consecutive month. Computer demand increased as the higher number of people preferred to work at home and attend online classes on the fear of the COVID-19 pandemic.Export for general machinery, cars, auto parts, steels, display panels and textiles all declined in double figures.Shipment of oil products and petrochemicals tumbled 44.0 percent and 21.4 percent each amid the global economic slump.Shipment for biopharmaceutical and medical products continued to expand for 12 months in a row on demand for medical supplies, caused by the COVID-19 outbreak across the world.Meanwhile, import dived 16.3 percent over the year to 35.54 billion dollars in August, sending the trade surplus to 4.12 billion dollars. The trade balance stayed in black for the fourth consecutive month.Raw material import plunged 38.7 percent in August from a year earlier, while intermediary goods import reduced 15.4 percent on soft demand for mobile phone components.Capital goods import expanded 8.6 percent on robust demand for semiconductor equipment, but consumer goods import fell 2.0 percent last month. Enditem

Exibition & Association News

By CFM ,2021-04-20 20:36:44

On April 16, 2021 China Fastener Show (Online), which was operated and supported by www.chinafastener.com, came to a successful end. While Canton Fair, the largest export exhibition in China, kicked off on April 15, 2021.The 5-day online exhibition, with the theme of "new model and new business opportunities", helped suppliers and buyers communicate with each other through video, real-time negotiation, supply and demand docking, live broadcast, online activities and other scenarios. The show not only opened up new channels for Chinese fastener enterprises to expand overseas markets, but also provided a new platform for communication.More than 300 enterprises participated in the show, covering the whole supply chain of fastener industry. Exhibitors included Tong Ming Enterprise Co., Ltd., Jiangsu Washen Fastener Manufacture Co., Ltd., Zhejiang Xinchun Fastening Piece Co., Ltd., Shanghai Fast-Fix Rivet Corp., Jiaxing Kinfast Hardware Co., Ltd., Foshan Sailuk Rivet Co., Ltd., Shanghai Welfast Enterprise Co., Ltd., Zhejiang Ansheng Automobile Parts Co.,Ltd., Jiaxing Qimu Trading Co.,Ltd., Jiaxing City Qunbang Hardware Co., Ltd., Hebei Hanwang Stainless Steel Products, Co., Ltd., Jiangxi Kaixu Automobile Fitting Co.,Ltd., Beijing Jinzhaobo High Strength Fastener Co., Ltd., etc.During this period, more than 30 wonderful online activities were held, such as "1-to-1" purchase meeting, cloud factory visiting, live broadcast, technology sharing, cross-border e-commerce, etc. By these ways, exhibitors succeeded in increasing brand exposure.In addition, we also invited industry experts to make technical sharing, such as how to plan quality inspection by making good use of big data of failure analysis, ultrasonic measurement of clamping force", self-locking thread technology, etc. It is a new form of exhibition integrating presentation, negotiation, exchange and learning. It is very helpful to enhance economic and trade cooperation under the circumstance that international traveling is limited.Even though China Fastener Show (Online) closed its curtains, the 1 on 1 Purchase Meeting is still on going. If you are interested, you are warmly welcome to participate.

Fastener News

By Xinhua ,2020-05-27 16:54:58

French President Emmanuel Macron on Tuesday unveiled an eight-billion-euro (8.78 billion U.S. dollars) rescue plan to help the recovery of the domestic auto industry hit hard by the anti-coronavirus lockdown. The plan focuses on the production of environmentally friendly vehicles."The state will provide more than eight billion euros in aid to the sector," Macron said. "In return, the car manufacturers have committed to relocate value-added production in France and to consolidate and maintain all industrial production on our sites."The president, who met with industry bosses early on Tuesday, said the "historic plan," which aims to "face a historic situation," was based on a support package and a scrappage scheme to shift towards less polluting vehicles. This massive investment aims to bolster research, encourage innovation and support the domestic production of high-tech electric and hybrid vehicles."We need to defend our industry and make France Europe's top producer of clean vehicles by increasing output to more than one million electric and hybrid cars per year over the next five years," said Macron."Bankruptcies should be avoided at all costs. We have to negotiate plans to adjust the activity, sometimes to reduce it, and accept short-time working," he said following a visit to a Valeo car parts factory in northern France.In order to boost demand, the government would increase the state bonus for consumers buying electric cars to 7,000 euros from 6,000 euros. Furthermore, a scrappage plan, which will be implemented from June 1, will offer a 5,000-euro incentive to motorists to encourage them to replace their vehicles with hybrid or electric ones.To further promote the sector's added value, the president also unveiled a 600-million-euro investment fund "to support innovation, research and development in the French automotive industry in line with our major technological axes for the vehicle of the future."In this context, the president announced that Renault would join PSA and oil giant Total in a venture manufacturing batteries for electric and hybrid cars."It is a defense plan, a sovereignty plan for the automotive industry, which aims to relocate activity. It is indeed a plan for the future of the 21st century automobile," the president said.In mid-March, France imposed strict rules to prevent the spread of COVID-19, and the tough restrictions on people's movement have negatively impacted local demand.Some 400,000 vehicles have remained unsold, while 250,000 workers in the sector were placed on partial unemployment scheme, Macron noted.Sales of French vehicle brands plunged by 84.2 percent in April, according to figures released by the French Automobile Manufacturers Committee (CCFA) earlier this month.PSA, the country's leading car manufacturer, saw an 84.4 percent drop in its sales to 10,098 units, while Renault, the country's second largest carmaker, sold 7,148 units, sharply down from the 44,348 vehicles sold in April 2019.

By Optimas ,2018-07-06 00:00:00

Optimas OE Solutions Holdings, Inc. LLC announced in June the acquisition of the US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston, PA. “We are pleased to have Circle Bolt & Nut join our team. We are convinced that this is the right investment for Optimas to expand beyond our current base of business,” stated Anesa Chaibi, Chief Executive Officer. The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities.Jim Castellino, CBN President & CEO, added, “I’m very excited for our company to become a part of the Optimas family. Together we will be able to provide exceptional value to our customers.” As a premier supplier of a wide variety of parts and components, CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing Vendor Managed Programs that utilize state of the art technology. “Circle Nut & Bolt enables Optimas to accelerate our expansion into small and medium sized accounts,” said Christian Wiltrout, President, Americas.The transaction also diversifies the portfolio of Optimas customers across multiple industries. “The addition of Circle Bolt & Nut to our Optimas family is another positive step forward in accelerating the execution of our growth strategy and company transformation,” stated Anesa Chaibi.About Optimas OE Solutions Holdings, LLC (“OPTIMAS”)Optimas is a leading, global provider of integrated supply chain solutions and engineering support focused on delivering highly engineered custom fasteners and other “C” Class components, such as fittings, clamps, bearings, and rivets, to our global customer base of large, industrial companies as well as small and medium-sized companies. Optimas specializes in the delivery of highly engineered fastener hardware and components across multiple industries and continents.About Circle Bolt & Nut Co., Inc.Circle Bolt & Nut Co., Inc. is an international supplier of fasteners, specialty hardware, and value added services with worldwide sourcing and distribution capabilities. Since 1979, CBN has grown from one facility in Northeast Pennsylvania to national coverage through seven full service branches and other satellite warehouse and service locations.Source: Optimas OE Solutions Holdings, Inc. LLC

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