By CFM| 2015-04-21 00:00:00
By CFM| 2015-04-17 00:00:00
By Iris & Plumeria| 2015-03-12 00:00:00
By CFM| 2014-12-02 00:00:00
By CFM ,2015-04-03 00:00:00
On March 9th, led by Mr. Feng Jinyao—chairman of China Fastener Industry Association (CFIA), the China fastener industry delegation paid a 15-day visit to Europe which was mainly to Germany, Italy and UK. The representatives of this delegation included Mr. Shen Jiahua, chairman of Zhejiang Province Fastener Industry Association, Mr. Wu Jinyao, chairman of Wenzhou Fastener Industry Association, Mr. Xu Pengfei, vice-chairman of Ningbo Fastener Industry Association, and Ella Leung, project manager of China Fastener Magazine. March 11th, at 9 a.m.in Germany, the Chinese delegation and the delegation of European Industrial Fastener Institute (EIFI) held a formal meeting in the form of seminar in Wyndham Stuttgart Airport Messe, widely exchanging opinions of the current situations about the China fastener industry and the European. Two parties also openly discussed the sunset review case of anti-dumping duties on China’s fasteners imposed by EU and reached an agreement. There are nine representatives of EIFI delegation presented in this meeting, including Mr. Anders Karlsson and Mr. Beyer who is the chairman and secretary of EIFI respectively, the chairman of DSV, UPIVBE and ASEI, etc. Chairman Anders Karlsson first made a speech, extending welcome to the Chinese delegation, and introduced the situation of European fastener industry—the annual production of fasteners in Europe reaches an amount of 2 million tons from about 400 fastener-manufacturing enterprises with a total number of 50 thousand employees in this field. Later, Chairman Feng briefly introduced the basic situation regarding the Chinese fastener industry. According to customs statistics in China in 2014, the Chinese export fasteners to European reached about 700 million US dollars, of which, less than 100 million USD are belong to the five involving t categories of fasteners, while China imports fasteners from Europe come to about 1.1 billion USD, mainly high strength fasteners. The average import price of fasteners per ton was more than 10 thousand USD, while the average export price of fasteners per ton was 1,836 USD. Evidently, the damage to the EU's fastener industry is relevant to the import of China's fasteners and is actually related to internal structure of EU's industries. In addition, we should clearly know that fasteners exported from China to EU are middle and low-end products so that there are no threats to high-end fastener industry in EU. Confrontation will bring no benefits to each other. Instead, China and the EU should complement with each other, creating mutual benefits and benign development. It was agreed by most representatives of EIFI delegation that the prices of raw materials and equipments from China fastener industry was transparent but the labor cost is increasing, which narrows the gap between China and the EU countries. Thus, the anti-dumping issue should comply with this trend and be resolved. However, the Italian representative insisted his stand of imposing the anti-dumping duties. Therefore, Chairman Feng expressed his expectation that the manufacturers and traders of the European fasteners can unite as one, and jointly devote efforts to clearing up the misunderstanding and misjudgments. Confrontation with no communication is useless. When it is the time of sunset review, it is better to comply with the trend to clear up all obstacles, to advance mutual communication and mutual trust, and to cancel the anti-dumping duties on China’s fasteners, for sake of bringing the Sino-European fastener industry back to the right track and boosting the cooperation and mutual development. On the conference, Mr. Feng proposed to establish a communicating and working group as soon as possible, of which the group crews would be drafted by EIFI and CFIA respectively, to deal with the case regarding anti-dumping duties on China's Fasteners imposed by EU. A communicating platform for two associations and a communication mechanism are necessary to set up for annual activities and regular contact, which will help to advance the communication and friendship. Also, a working platform and a mutual negotiation mechanism are needed to establish for the inter-discussion among the group crews with a goal of win-win and joint development. Hence, by means of regular practical discussion and communication among the group members from two sides, it helps to strengthen the understanding, eliminate the misunderstanding, and form a mode of trade for mutual benefits that each party can accept, thus to promote the mutual cooperation and common development. At the end of this meeting, Chairman Feng formally invited all members of EIFI to hold the first Working Group Meeting when presenting and participating in the 2015 Fastener Expo Shanghai in June. The purpose is to deeply understand the real situation of China fastener industry, eliminate all obstacles and strengthen the communication and mutual trust. At this formal meeting which lasted 3 hours, two parties reached an agreement while EIFI also positively expressed its opinions and concerns, and earnestly recorded the statistics and opinions from the Chinese side for a further survey after their return. According to another reliable source, WTO will issue the final adjudication on the sunset review case regarding the anti-dumping duties on China's fasteners imposed by EU at the end of May. Insiders of China and Europe analyzed that there would still be a huge possibility for EU to continue imposing a 5-year anti-dumping duties on China's Certain Iron or Steel but with a lower duty rate. Mr. Feng said that there would be a further discussion with EU and also the Chinese Government, and meanwhile drawn together the Chinese enterprises to strive for the best interest for China fastener industry. PS: this article is originally created by China Fastener Magazine; please indicate the source when reproduced.
By CFM ,2015-03-24 00:00:00
Hardware industry association in Yueqing applied for the collective trademark which was approved by the state administration for industry and commerce trademark office. This is the first collective trademark which is applicable to all the products of class 7 drill(machine) and class 8 drill (Hand tools). Hibiscus town in Yueqing, the largest manufacturing place for producing drills, occupies the 80% market in Chinese and sells the products to overseas countries. The successful registration plays a huge role on improving the collective advantage and the core competitiveness of products in Yueqing.
By USITC ,2015-03-04 00:00:00
The U.S. International Trade Commission (USITC or Commission) has voted to expedite its five-year (“sunset”) reviews concerning the antidumping duty orders on prestressed concrete steel wire strand from Brazil, India, Korea, Mexico, and Thailand, and the antidumping finding on prestressed concrete steel wire strand from Japan, as well as the countervailing duty order on prestressed concrete steel wire strand from India (Inv. Nos. 701-TA-432 and 731-TA-1024-1028 (Second Review) and AA1921-188 (Fourth Review)). As a result of these votes, the Commission will conduct expedited reviews to determine whether revocation of these orders and this finding would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time. The Commission’s notice of institution in five-year reviews requests that interested parties file with the Commission responses that discuss the likely effects of revoking the order under review and provide other pertinent information. Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the USITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires. The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews. Commissioners base their injury determinations in expedited reviews on the facts available, including the Commission’s prior injury and review determinations, responses received to its notice of institution, data collected by staff in connection with the reviews, and information provided by the Department of Commerce. All six Commissioners concluded that the domestic group response for these reviews was adequate and the respondent group responses were inadequate and voted for expedited reviews. A record of the Commission’s votes on these matters is available from the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be made by telephone by calling 202-205-1802. The record of the Commission’s votes is also posted on the USITC’s Internet site at http://pubapps2.usitc.gov/sunset/caseProf/list?sort=caseTitle&order=asc. From this page, search “prestressed concrete steel wire strand” using the search box in the upper right corner. The Federal Register notice will indicate whether any further information or statements will be available. Only parties that filed adequate responses and filed timely notices of appearance are eligible to participate further in these reviews. The Commission will issue a report after it completes its reviews.
By CFM ,2015-04-22 15:22:36
In September and October 2013, President of People’s Republic of China, Mr. Xi Jinping presented the strategic conceptions of building “The New Silk Way Economic Belt” and “The 21st Century Maritime Silk Road” respectively. Later these two conceptions are referred as One Belt And One Road (OBAOR). It’s worth mentioning that the Belt connects China with Central Asia, Mid-East, Southeast Europe and Western Europe, while the Road connects countries in East Asia, Southeast Asia, South Asia Sub-continent, Arabian Peninsula, and North Africa, etc. In the aspect of High Speed Railway Construction: In the Executive Meeting of State Council which was chaired by Prime Minister Li Keqiang , it was decided that the railway construction should quicken its steps. Based on this instruction, China Railway Corporation has raised its construction goal this year, within which the fix-assets investment will raise from 700 Billion CNY to 720 Billion CNY. In 2015, there will be 12 high speed railways putting into construction. Total running mileage will reach to 8,887 miles in two years. The development of high speed rail construction will bring higher demand of railway fasteners. In the aspect of Wind Power Industry: In February this year, National Energy Bureau has released the monitoring results of Wind Power Industry in 2014. Based on the statistics, the newly increased capacity of the whole year has achieved 19.81 million KW, which hit a new record. It is estimated that the scale of wind power will grow dramatically in the areas of North China, Northeast China, and Northwest China after promoting wind power industry in Mid-east China and Southern China. The development of wind power industry also bring opportunity to fastener industry. In the aspect of Nuclear Power Industrial Chain: It is clearly pointed out in the Action Plan of Energy Development Strategy in 2014-2020 that by 2020, the total nuclear power capacity should reach 58 million KW, while there will be over 30 million KW nuclear power under construction. However, by 2014, the operating units and the units under construction are less than 50 million KW. Still there is a huge space for growth. With the plan of restarting nuclear power, there will be a peak time for input and output in nuclear power industry. With advantages of high technology and high cost-effective ratio, nuclear power has become the major driving force for China’s “Walking out” Strategy. A analyzer told that most of countries, whose nuclear power generating capacity takes less than 6% of the whole generating capacity are developing countries around One Belt and One Road. The export of nuclear power will welcome its spring day under this circumstance. OBAOR brings positive influence to the development of China’s western area and coastal area. Great changes can be seen in the field of Infrastructure Construction, Transportation Industry and Trade & Services. All these changes also lay profound foundation for the development of fastener Industry.
By Reuters ,2015-03-09 10:21:19
According to two sources familiar with a European Commission proposal, the European Union will impose anti dumping duties later this month on imports of stainless steel cold rolled sheet from China and Taiwan. The EC plans to set tariffs of about 25% for imports from China and of about 12% for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association, Eurofer. The EC will present its proposal to EU member states next week and by March 26 will put in place the duties, which are provisional pending the outcome of an investigation due to end in September. Eurofer said that China and Taiwan shipped EUR 620 million worth of cold rolled stainless steel into the EU in 2013, some 17% of the overall market, and were guilty of dumping, or selling at unfairly low prices. A parallel investigation into alleged illegal subsidies for Chinese producers is also due to end in September. Europe's largest stainless steel producers are Acerinox, Outokumpu and Aperam. Chinese and Taiwanese producers include Shanxi Taigang Stainless Steel Company, Baosteel and Yusco. The EC, prompted by Eurofer, is also investigating alleged dumping of grain-oriented flat-rolled electrical steel, typically used in transformers, by producers in China, South Korea, Japan, Russia and the US. Eurofer is also seeking to prolong existing duties on Chinese imports of wire rod. Despite a lower euro and a slow pick up of European demand, European producers were still confronted with a massive increase of imports from Asia, and from China in particular. Eurofer said that total Chinese steel exports rose to a historic peak of 93 million tonnes in 2014 equivalent to 60 per cent of total EU steel consumption. Chinese steel exports to the EU increased to 4.5 million tonnes last year from 1.2 million tonnes in 2009. Eurofer believed the large expansion of China's steel industry does not reflect cost advantages but is based on state-owned enterprises raising capital on preferential terms, as well as other forms of subsidy. China's exports include not just basic products, such as hot rolled steel but also high end coated sheets.
By Alex Tsai ,2015-03-06 10:13:43
According to the Japan Aluminum Association, the country’s aluminum production decreased by 0.1% to 153,124 tons in January compared to the same time of last year, declining for the second consecutive month. Among them, the output of aluminum plates used for aluminum cans, electronic equipment, automobile parts increased by 9.1% to 91,653 tons; the output of extrusion products mainly used for building and automobile sectors decreased by 11.3% to 61,471 tons. Member of Japan Aluminum Association include: Furukawa sky aluminum, Kobe Steel and Nippon Light Metal Co.
By CFM ,2015-04-17 16:55:47
On April 15th, subordinate of CSR Corporation Limited, Zhuzhou CSR Times Electric Co., Ltd acquired Specialist Machine Developments Limited(SMD) by 0.13 billion GBP (around 1.2 billion CNY). CSR hereafter holds 100% stock shares of SMD. “We have increased our overseas investment and acquisition in recent years. By far, our overseas property has reached a total value of 11.5 billion CNY with over 5,000 foreign employees working for us. The acquisition of SMD is another milestone on the road of our internationalization.” said Mr. Liu Hualong, President of CSR. Mr. Liu also indicated that the program—One Belt And One Road (OBAOR) brings new challenges and chances for advanced equipment manufacturing enterprises like CSR. In the future, CSR plans to be a leader not only in the field of Rail Transport Equipments, but also in the field of Ocean Engineering Equipments. He said that with this acquisition, CSR holds confidence to advance their technology in Ocean Engineering. SMD is the second largest global supplier for deep sea robots and advanced manufacturer for submarine engineering machinery. The company takes a half of the global market in supplying submarine self-propelled ditching machinery and cable-laying machinery, while it is also the supreme supplier for submarine mining machinery. SMD produces equipments for over 30 countries and areas. “This acquisition is a crucial step to implement of our Ocean Engineering Equipment Industrial Strategy. Later it will grow into the second largest industrial part and bring us new source of economic growth.” said Mr. Ding Rongjun, President of CSR that took charge of this acquisition. Mr. Ding also indicated that they will turn SMD into its headquarter base for its global deep sea equipment industrial cluster. SMD will take charge of the overall technology arrangement, market management and other daily operation. This branch is responsible for introducing the deep sea robots into Chinese ocean market and gradually into other application areas such as nuclear power, tidal power, and at last establishing an industrialization base for Chinese robot equipments.
By CFM ,2015-04-16 00:00:00
April 10th, 2015 in America, AVIC (China Aviation Industry) announced its acquisition of Align Aerospace, which was the main global supplier of aviation standard parts. This acquisition is another important overseas acquisition after merging FACC (Future Advanced Composite Components) in Austria, Cirrus in USA, and Continental Motors in USA. Align Aerospace was the fourth largest global integrate supplier for standard parts, who as well has the qualified supplier certification to offer standard parts for Boeing, Airbus S.A.S, Bombardier, PIA, GE, and Honeywell, etc. In 2004, the sales revenue of Align reached to 0.2 billion USD, within which there were 20 million profit before tax. An insider analyzed that this acquisition can on hand improve the domestic production level of standard parts, in order to comply with the international level, and on the other hand, can partly solve the problems occurred in the process of airworthiness certification. “Indeed, there are no supplier for aviation standard parts in China. To acquire Align can help to extend to the supply of standard parts in aviation field, which might bring the benefit of offering the strategic guarantee for not only supply, but also engine production, plane maintenance, etc.” said a director of AVIC. Based on the introduction from AVIC, another reason for this acquisition is to achieve its aim of sale revenue. AVIC plans to gain 0.1billion CNY revenue by 2020. With this acquisition, the company can accomplish its task ASAP. Another manager of AVIC said that, the integrate supply of standard parts has been one of the crucial segment of manufacturing chain in Aviation Industry. With the development of aviation internationally and domestically, the market demand on standard parts increased rapidly. Therefore, the global procurement, supplying chain integration and design optimization form the crucial base for participating in the international market competition.
By Bilbao Exhibition Centre ,2015-04-21 11:18:46
Close to 350 exhibitors from 25 countries have confirmed their participation in the event, scheduled for May 26-29 Over 90% of the floor-space available at FERROFORMA has already been taken, with 350 exhibitors from 25 countries having confirmed their participation in the event. The registration of foreign firms is already greater than in 2013, with firms from Germany, Denmark, Slovenia, France, Hungary, India, Ireland, Portugal, the UK, Russia, Sweden and Turkey, among other countries. The new strategic format of the event and the upturn in the economy and in industrial output have provided a firm foundation for the reactivation of trade. With the reinforcement that this context gives, the campaign to attract visitors to FERROFORMA is also garnering good results. Hardware distributors and industrial suppliers from 29 countries have confirmed their attendance, including representatives of Colombia, Mexico and Peru in Latin America, Germany, Austria, France, Portugal, the UK and Switzerland in Europe, Arab countries such as Algeria, Egypt, Jordan, Morocco and also the USA and Canada. The commercial team are also concluding deals for the attendance of purchasers from firms in a further 21 countries. On the domestic front the main groups of purchasers, cooperatives and DIY superstores will all be attending FERROFORMA, having cooperated actively on promotional campaigns in recent months: ADEFEC XXI, ADFB, AFM, ASEMACO, ASIDE, BIGMAT, BRICOGROUP, BRICOKING, BRICOMART, BRICORAMA, CECOFERSA, COANFE, COFEDAS, COFERDROZA, COINFER, COMAFE,COARCO, FEASGA, FERBRIC, FERRISERVI, GREMI DE COMERCIANTS DE FERRETERIA DE CATALUNYA, GRUPO CERRAJERO, GRUPO GCI, GRUPO GESIN, LAS RIAS, LEROY MERLIN, NCC, NEXO 05, PROFER, PYMETAL, QF+, SYNERGAS, UCAF, UCES and UNIFERSA. B2B MEETINGS AT THE HEART OF THE PROGRAMME For the first time, FERROFORMA is to offer a programme of private B2B meetings between exhibitors and foreign purchasers and VIP visitors. The B2B format has proved highly profitable and effective, thanks to painstaking preliminary work carried out in compiling and cross-referencing data, inviting major purchasers and selectively programming meetings. These meetings are scheduled to tale place in Hall 1 on the mornings of May 26-28. At the draft programme stage the seminars planned include “The future of sales” (concerned with digital marketing), “Best practices in e-commerce”, a presentation on “Safety in explosive environments and cases of falling objects and tools” plus “Locksmith’s day”. FERROFORMA participants may also attend the seminars on Additive Manufacturing organised at the Subcontratación trade-show, which will analyse issues such as the development of large-scale components and the presentation of technologies in this field. There will also be a Special Areas section for demonstrations and live activities in the Home area, where the exhibitors will have mock-ups of a garden, a bathroom, a bedroom and a kitchen. The Inventors’ Club will also once again be showing off the latest innovations in hardware and DIY in a showroom where they will be seeking partners with whom to launch their products on the market. In 2013 this gave rise to some interesting results. Finally, FERROFORMA has once again convened its Innovation & Design Contest to find the most innovative product in the categories of hardware, DIY and industrial supplies, and the best exhibitor. The deadline for registration as candidates is April 19. SYNERGIES BETWEEN SECTORS: A KEY DISTINGUISHING FEATURE The fact that FERROFORMA is to be held concurrently with four more trade shows devoted to industrial products, technologies and services creates synergies between sectors that are one of its key distinguishing features. The sum of FERROFORMA, SUBCONTRATACIÓN, PUMPS&VALVES, MAINTENANCE and FITMAQ will create new opportunities at many levels and will enable participants to contact new customers, identify needs in new markets and interact with leading players in the world of industry. The presence of trade-level product users from major industries - one of the key strategic factors at FERROFORMA for this year – is guaranteed: the firms that have already confirmed that they will be sending representatives to the event include Acciona Agua, Air Liquide, Alstom, Babcock Wanson, Bahía de Bizkaia Gas y Electricidad, Bosch Rexroth, Bridgestone Hispania, BSH Electrodomésticos, Cie Automotive, Degremont, Enagas, Fagor Arrasate, Ferrovial Servicios, Gas Natural Fenosa, Gestamp, Iberdrola, Idom, ITP, Lloyd's Register, Nervacero, Nissan, Nuclenor Renault, Petronor, Praxair, RENFE Fabricación y Mantenimiento, Repsol, Sandvik, Sener, Siemens, Tamoin, Tubacex and Tubos Reunidos at the Pumps&Valves and Maintenance events. For its part the list of leading firms signed up for the Subcontratación fair includes ABB, Acerinox, AciturriMetallicParts, ADIF - Administrador de Infraestructuras Ferroviarias, Aena, Aernnova Aerospace, Airbus, Arcelor Mittal, Astilleros Balenciaga, Astilleros Zamakona, Bimbo, Bombardier Transportation Spain, CAF - Construcciones y Auxiliar de Ferrocarriles, Danobat, S.Coop., Fagor, FCC, Gamesa, Gerdau Europa, Grifols, Grupo TTT, Hipermercados E.Leclerc, Indra, Ingeteam, Mercedes-Benz España-Daimler Chrysler, Metro Bilbao, Michelín, Navantia-Sistemas, Ona Electro Erosión, Patentes Talgo, Petróleos del Norte, PSA Peugeot Citroen – Research & Advanced Engineering, Smac Aerospace, Valeo Powertrain Electrical Systems and Zodiac Aerotechnic Aircraft Systems. The exhibitors at these events are sure to be of interest also to those taking part in FERROFORMA. The main company profiles include subcontracting firms, workshops and SMEs working in machining, moulds, workpiece processing, casting and surface treatment, all of which are users of the products on show at FERROFORMA. Dept. of Communication, 20.04.15
By CFM ,2015-04-21 00:00:00
What will happen in next five years? None can predict it. Perhaps Jack Ma will not rank first in the Top Searches and another Jack Ma will rise. No one knows. But it is undeniable that almost all walks of life are embracing the mobile internet nowadays, trying to grab chances for development. So does the fastener industry. Organized by www.chinafastener.com, the Second Global Fastener Industry CEO Summit will be held in Shanghai Hongta Hotel in the afternoon of June 26th, 2015,with the topic of “The Next Five Years”. Held every two years, the aim of Global Fastener Industry CEO Summit is to promote global fastener industry communication and development as it provides a highest platform for global fastener experts to share their successful experience and to enhance business relationship. “We will invite about 200 representatives from about 10 countries and areas who are leaders in fastener enterprises, fastener associations and relative fastener organizations. There will be about 5 honored guests invited to make a 15-minute to 20-minute speech respectively,” mentioned by Yang Junfeng, CEO of www.chinafastener.com. Agenda of Global Fastener Industry CEO Summit: Time Agenda Remarks 16:00-16:30 Sign in 16:30-18:45 Theme speech/ High-end dialogue Five experts from global fastener industry will make speeches or conduct face-to-face communication 18:45-19:00 Free Communication Discussing the development perspective of international fasteners industry 19:00-21:00 Welcome dinner of 2015 Global Fastener Industry CEO Summit Happy and relaxed moment, to recognize important distributors, industrial association, and the person in charge of fastener suppliers Attractions: A) Industrial leaders: CEO Summit invites honored guest speakers from global. There will be nearly 200 attendees from global famous fastener enterprises, magazines & industrial associations, and the famous industrial media will follow up to report； B) Distinct Theme: The honored guest speakers will make speeches on the topic of Next Five-Year for global fastener industry, sharing their wisdoms, from which you can learn more about how to find the development opportunities of fastener industry in the next five years； C) International scale: Invite oversea fastener experts, covering Asia, Europe, Africa, America, and Oceania; provide five-star hotels & first-class conference equipments; offer welcome dinner; supply simultaneous interpretation with multiple languages; make meeting materials & honored guest list； D) Valuable schedule: You can visit the largest fastener exhibition in Asia—Fastener Expo Shanghai (25-27, June, 2015) Any interest in attending CEO Summit, Please contact us at firstname.lastname@example.org or email@example.com. Tel: 86-20-66885155. For more information, please visit: http://ceo.chinafastener.com/nd2/index_en.html Source: www.chinafastener.com
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.
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.
At 9:00 in the morning on Oct. 23th 2014, the National Industrial Fastener & Mill Supply Expo was grandly opened at Sands Expo & Convention Center. NIFMSE has become not only the biggest fastener show in North America, but also one of the biggest fastener exhibitions in the world given to its vast of scale. www.chinafastener.com (Booth 1553) has exhibited for the last eight years. Being as one of the most professional fastener media in China, it managed to introduce more and more excellent Chinese fastener suppliers to overseas buyers. And the latest issue of ChinaFastener Magazine had gained much popularity at scene and many buyers showed great interest towards it. At the mean time, some of them had also asked about Fastener Expo Shanghai 2015, which will be held in June 25-27 in Shanghai World Expo Exhibition & Convention Center. Booth of ChinaFastener Magazine 1553 AS was observed by journalists of www.chinafastener.com, there are about 700 exhibitors with over 800 booths. Besides American fastener companies, many came from afar, like China, Singapore, Israel, Brazil, Japan, Italy, Chinese Taipei etc. Many powerful CAS members also appeared in the show, like Fast-Fix, SRC, Tandl, Dongtai QB, Wenzhou Kaixu, Changshu Five Rich, RET, XYLX, Sansega, Haiyan Power Fastener, Jiaxing Zhengying, Hengfeng Rivet, Xinkai, Zhejiang Qifeng, Haiyan Guangda etc. These companies had really lightened the show by showcasing plenty of good made-in China products. Tandl Fast-Fix SRC Dongtai QB Changshu Five Rich RET Sansega Wenzhou Kaixu Zhejiang Qifeng Power Fastener Hengfeng The atmosphere was quite pleasing at scene. A large number of international buyers came and discussed passionately with the suppliers. As was told by a few buyers, journalists of www.chinafastener.com learnt that European buyers prefer fastener manufacturers in Taiwan than those in Mainland China in the consideration of product quality. Chinese fastener manufacturer really need to think about it and change their business strategies. While our interview with many CAS members, we found that many Chinese companies had been aware of that during the show and the consciousness of getting better. We should have more faith and patience in them. This year’s Expo is the largest ever in the show’s 33-year history and will feature over 82,000 sq. ft. of exhibits of interest to fastener manufacturers, distributors, importers, sales reps and others, informs Susan A. Hurley, CEM, General Manager.
The 115th China Import and Export Fair (Canton Fair) grandly opened on 15th Oct., 2014 in China Import and Export Fair Complex ( Pazhou, Guangzhou, China). It will last to 4th Nov. The exhibition area covers 1.18 million square meters with 60,222 booths. This year 170 more companies exhibited which made the total number of exhibitors to 24,751. It showed the great influence of this show. CFM witnessed Canton Fair on the First Day and distributed the newly published 16th issue of ChinaFastener Magazine to international buyers on scene. Mr. Fang, the vice-minister of China’s Ministry of Finance, attended the opening ceremony and spoke that the public police had effectively improved the business environment and provided relief to the middle-sized companies and the next step is yet to come. The popularity of Canton Fair showed the steadiness of China’s foreign business . Mr. Liu Jianjun, the spoke man of Canton Fair, said that over 90% of the previous exhibitors choose to participate again which showed great confidence in this event. Though he pointed out that the financial turbulence of the international market and the outburst of Ebola may affect the number of foreign attendees, a steady business amount is expected. SRC Ningbo Ningli Beijing Jinzhaobo Zhejiang Qifeng Handan Ruiqiang Sansega Wuxi Anshida The Hardware show which is closely related to fastener products would be on the first phase of Canton Fair, lasts from 15th Oct. to 19th Oct., 2014. About 50 fastener companies took part in it. www.chinafastener.com noticed that lots of excellent CAS members (what is CAS member?) exhibited, like Ningbo Ningli, Zhejiang Qifeng, SRC, Shanghai Five Minerals, Handan Ruiqiang, Ningbo Zheli, Sansega ,Beijing Jinzhaobo, Wuxi Anshida etc. Among them, Ningbo Ningli and Shanghai Five Minerals had specially decorated booth which attracted lots of international buyers. Most exhibitors told CFM journalists that there weren’t many visitors in the morning but more and more people came in the afternoon. Generally, they were happy about the visitors flow on the first day and ready to see the opportunity. While our visiting, many fastener exhibitors also concerned a lot about the upcoming Fastener Expo Guangzhou in Nov. which also indicated the increasing popularity of this show. “ We found that the quality of ChinaFastener Magazine and your service gets better and better and we are really looking forward to Fastener Expo Guangzhou.” as was told by one of ourCAS members.
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 firstname.lastname@example.org