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22nd Manufacturing World Osaka Concluded with Great Success

By Reed Exhibitions| 2019-11-08 00:00:00

The 22nd Manufacturing World Osaka held on October 2-4 concluded with great success with 1,367 exhibitors and 40,071 visitors.It consisted of 5 specialized shows, the exhibits covered mechanical components, engineering design, subcontracting services, factory equipment, IT, AI/IoT, 3D printing, additive manufacturing solutions and comprehensive range of high quality products/services/technologies.Right from the first day of the show, the exhibition halls were full of visitors. Visitors were eager to see the exhibits and demonstrations provided by the exhibitors. Across the exhibition hall, exhibitors and visitors actively engaged in onsite explanations and business discussions.329 international exhibitors from China, Korea, Thailand, Vietnam, Germany, Malaysia, UK, etc. participated in the show. Most of them were satisfied with the quality of the show and achieved great success. Also, 8 Groups of 115 people from China, Indonesia, Philippines, Malaysia, etc. visited the show as Group Visitors. See what the international exhibitors and the group visitor said about their experiences.International Exhibitor CommentWe exhibited in Tokyo and Osaka shows and because Vietnamese exhibitors are very rare, we even have visitors coming from Tokyo to meet us. This exhibition provides good interface opportunities with new customers and can increase exposure for our products. We have already booked the booths for next year. (- SSP Moulding Co., Ltd./Me Tran Binh Xuyen Electronics Co., Ltd)We have been exhibiting for more than 10 years in both Tokyo and Osaka. We choose these two locations because these places have high potential customers. We are considering exhibiting all three Tokyo, Nagoya and Osaka show next year. (- SKP Polymer Co., Ltd.)We were worried about the “Japan-Korea relations” but we did not feel any impact during the show. In contrary, we achieved the best results this year. We are thinking to expand our booth size next year. (- Kotra-Korean Trade-Investment Promotion Agency)International Group Visitor CommentWe came with a group of 9 people. We are extremely satisfied with the services provided by the show organizer. We came to this exhibition to purchase and find business partners. During the show, we have collected lots of industry and company information for sourcing purposes. (– by Spring Ming Co., Ltd)The next edition of Manufacturing World will be the Tokyo show - Manufacturing World Japan 2020. Celebrating its 31st birthday, 2,300 exhibitors and 80,000 visitors are expected to participate in.2020 Tokyo Show will have 8 specialized shows displaying exhibits such as mechanical parts processing, FA/transmission technology and industrial automation, industrial IT solutions, factory energy-saving products/equipment, aerospace components/materials, 3D printing/additive manufacturing, manufacturing AI solutions, industrial IoT platforms, big data applications in various fields and many more. For more details please check the preshow report: https://www.japan-mfg.jp/doc_preshow_en/ If you are interested in knowing the trend of manufacturing industry trend, cutting-edge product technology, or collecting industrial information in Japan; or if you plan to source from Asian manufacturers, please do not miss this exhibition.Click for the Visitor Ticket of Manufacturing World Japan 2020: https://www.japan-mfg.jp/inv_en_media/ For exhibiting request, please contact the Show Management through https://www.japan-mfg.jp/ex_en_media/.---------------------------------------Organizer: Reed Exhibitions Japan Ltd.Manufacturing World Show ManagementAddress: 18F Shinjuku-Nomura Bldg. 1-26-2 Nishishinjuku, Shinjuku-ku, Tokyo 163-0570 JAPANTEL: +81-3-3349-8506  FAX: +81-3-3349-8500email: mfg-japan@reedexpo.co.jp

At present, it is the best time for China and the U.K to do business

By CFM| 2019-09-17 00:00:00

During September 11-12, the Fastener Exhibition and Conference was held in Birmingham. Journalist of ChinaFastener.com came to this exhibition with the lastest issue of ChinaFastener Magazine 華人螺絲.Organized by Prysm, the biggest exhibition company in the U.K, more than 70 exhibitors were from fastener industry. 45 of them were from China, including Ningbo Taida, Jiangsu Washen, Shanghai BSC, Jiaxing Lixin, Hangzhou Lizhan, Shenzhen Kinfast, Jiaxing Relia, etc.Ningbo TaidaJiangsu WashenShanghai BSCHangzhou LizhanJiaxing LixinShenzhen KinfastINDUSTBOXExhibits were mainly used in automobile, aviation and construction industry. During the exhibition, over 50 seminars were held, such as Nuts and Bolts of Industrial Marketing, the Importance of Fasteners: From Conceptualisation to the Manufacture of Electronics, Fibre Optic and Lighting Systems, the Application of Technology to Aid Fastener Insertion for Aerospace Application.Birmingham is the second largest international city in the U.K., following London. It is located in the artery of railway connecting London and Liverpool. It is a prosperous and dynamic area with over 1900 international companies.Birmingham is one of the most important manufacturing center in the U.K., and is also one of the biggest industrial area in the world. Main industries include machine tool, instrument, compartment, plane, chemistry, military, etc. It is estimated that 25% of export goods were made in Birmingham.The U.K is the cradle of modern industrial revolution. Manufacturing plays an important part in U.K’s economy. It accounts for 10% of the total added value of the U.K, 54% of the export value. More than 2.5 million people are engaged in manufacturing industry. Steel, pharmacy, aviation, machinery, military and environment science are U.K’s leading industry.Aviation is the best industry among manufacturing industry. It places the second in the world, following the U.S., and the first in the U.K. It accounts for 17% of the total income of avivation in the U.K. More than 237,000 people are engaged in this industry.The U.K is the most diversifed automobile production base, which is known as “U.K’s Detroit”. Automotive research is in the leading position of the world. Almost all famous automobile enterprises have branches in the U.K, such as Honda, Toyota, BMW, etc. Meanwhile, U.K’s manufacturing faces a lot of challenges, such as globolization, financial crisis, problems due to relying too much on service sector. Therefore, since 2008, U.K government put forward High Value Manufacturing Strategy, hoping U.K enterprises can produce more high value products in U.K.In January 2012, U.K’s government started the research of U.K Industry 2050, and the final version of the report – the Future of Manufacturing: Opportunities and Challenges that U.K Faces came out in October 2013. In this report, manufacturing means service plus manufacturing.On January 23, 2017, the Green Book Modern Indusrty Strategy was officially published, aiming to upgrade living standard and boost economic development by enhancing national production.Through a series of policies, U.K’s manufacturing shores up to some extent. China is the 5th largest trading partner of the U.K. According to the latest statistics, trade value between China and the U.K has achieved 68.5 billion pounds. Mr. Liu Xiaoming, Chinese ambassador to Great Britain stated that China and the U.K shall seize the opportunities created by the 4th industrial revolution, China’s opening up and the Belt and Road.With the good development trend of China and U.K business, export value of Chinese fastener to the U.K also increases. In 2017, Chinse fastener accounts for 7% of U.K’s total import of fastener. In 2018, Chinese fastener accounts for 9% of U.K’s total import of fastener.At present, it is the best time for China and the U.K to do business. Ms. Gao Yan, chairman of C.C.P.I.T said “ International situation changes a lot, but the relationship between China and the U.K is developing steadily. At the starting line of the new era, trade and investment between China and the U.K will develop very fast.”

Network with World-Class Suppliers of Hand Tools & Power Tools @ HTF 2019, Mumbai

By Hand Tools Expo| 2019-09-03 00:00:00

ABOUT HAND TOOLS & FASTENER EXPO 2019The 18th edition of HAND TOOLS AND FASTENER EXPO 2019, is being hosted by ITEI - The Indian subsidiary of ITE Group PLC (UK) from 20th-22nd September 2019 at Bombay Exhibition Centre, Mumbai, India. It is supported by reputed industry associations including ‘Ludhiana Hand Tools Association', 'Fastener Manufacturers Association of India (FMAI)' and the 'World Metal Forum'. HTF 2019 carries forward the theme of ‘TOOLS FOR INDUSTRY’ from its previous successful edition. It caters the need for quality and high-end Hand Tools, Power Tools, & Fasteners etc. for almost every industry i.e. Automobile, Heavy Engineering, Construction & Infrastructure, Woodworking & Furniture, Gardening & Horticulture, Aviation and many more…. The event will be the confluence of the international & national Hand Tools, Power Tools & Fastener manufacturers, and key personnel from the industries with special focus, Distributors/Retailers, Exporters, Industrial Suppliers etc. Dedicated towards the growth of niche tooling sector, this event is definitely a once a year opportunity for manufacturers, importers, distributors to display their product innovations and technology at one-stop platform and experience rich business opportunities.MARKET FACTSDemand for Power Tools is projected to US$ 46.5 Bn by 2025•  Expanding Automotive Aftermarket to Create Demand for Industrial Hand Tools & Power Tools•  Cordless Power Tools to Exhibit Nearly Twofold Growth in India Power Tools Market During 2018-24•  Rivet Gun Market is Estimated to Reach US$ 799.9 Million by the end of Forecast Period 2028FEW EVENT HIGHLIGHTSIndia’s largest and only focused event for Hand Tools, Power Tools & Fasteners•  Region’s only sourcing point for quality Hand tools, Power Tools & fasteners•  Presence of all major Indian manufacturers, importers & distributors•  Exclusive country pavilions from China & Taiwan•  Thousands of trade visitors from India and neighboring countries including major OEMs | Distributors | TradersMORE OPPORTUNITES AT HTF 2019HTF 2019 is planned with other specialized exhibitions to serve as a Biggest Business Carnival for Manufacturing & Fabricating Industries, Like•  CWE - for Advanced Cutting and Welding Equipment & Technology including Laser Technology•  IMEX - for Latest Machine Tools (CNC, Laser, Shot Blasting, Measuring & Testing Equipment and more……)•  UMEX – for Economical Pre-Owned Machinery in the industry•  WOM – for Metal Production, Processing and Metal working Industry•  TECHINDIA - for Engineering and Manufacturing (Pumps, Valves, Compressors and more……..)The said Biggest Business Carnival will have largest gathering of trade visitors from various segments of Manufacturing & Fabricating industry like Steel | Metal Forming & Metal Working | Sheet Working | OEMs | Automobile |Furniture & Wood-working | Sub-Contracting & Fabricating | Rail Coach Factories | Boilers |Heavy Engineering | EPC | Shipbuilding | more...Block your dates for this Mega Business Festival scheduled during 20th-22nd September 2019 in Mumbai. For more information on the exhibition, please log on to http://www.iihtexpo.com  or call us at +91 97899 94131, +91 96543 93213

Korea Metal Week 2019 Closed its Curtain in Seoul

By CFM| 2019-07-06 00:00:00

From June 19-21, Korea Metal Week 2019 was held at Kintex, Seoul. Journalist of chinafastener.com came to this exhibition with 25th issue of 華人螺絲ChinaFastener Magazine to get to know Korean industrial market.There were 14 kinds of exhibits on show, namely, fastener & wire, foundry & die casting, automobile & machine parts, press & forging, tube & pipe, metal surface treatment & painting, 3D technology, aluminum, laser & welding, fundamental manufacturing industry, pump technology industry, tools, composite, control, measurement & automation.Exhibitors were mainly from Korea, mainland China, Japan, Germany, Italy, Malaysia, etc. Some Chinese exhibitors included: Zhejiang GEM-Year Industrial Co., Ltd., Shanghai BSC Corporation Ltd., Hebei Fuao Fastener Manufacturing Co., Ltd., Zhejiang Huantai Precision Machinery Co., Ltd., Dong Tai City Huawei Standard Component Component Co., Ltd., etc.GEM-Year Industrial Co., Ltd.BSC Corporation Ltd.Heibei Fuao Fastener Manufacturing Co., Ltd.Zhejiang Huantai Precision Machinery Co., Ltd.Dong Tai City Huawei Standard Co., Ltd.Manufacturing is one of the pillars of Korean economy. In order to maintain competitiveness in fierce international competition, on June 19, Korean government announced that its aim was to make manufacturing be one of the top 4 of the world.According to the blueprint, Korean government will strive to increase the additional value of manufacturing from 25% to 30%, and increase the proportion of new industries and new projects from 16% to 30%. The aim was to make Korean export scale rank 4th of the world. At present, Korean export scale ranks 6th of the world.According to World Daily, automobile manufacturing and maintaining leading position of semi-conductor are shinning points of the blueprint. Korean government plans to invest 8.4 trillion KRW to important fields to support their research and development. Korean government also plans to promote AI technology to all manufacturing industries. A series of strategies relating to AI will come out within the year. By 2030, Korea will build 2000 AI factories and establish data centers to accelerate the development of software, robot, sensor and equipment relating to AI.However, the introduction of the fabulous policies does not change the worsening situation of Korean manufacturing. The rate of operation of the first quarter this year has dropped to the lowest level since 2008. The trend of manufacturing enterprises leaving Korea is obvious. Therefore, it takes time to tell whether the policies work or not. 

Gala Dinner “the Night of Screw” was Held Grandly in Shanghai

By CFM| 2019-07-05 15:11:03

On June 26th, 2019, gala dinner “the Night of Screw” was held grandly in Shanghai to celebrate 15th anniversary of luosi.com and 10th anniversary of Fastener Expo Shanghai. Nearly 700 people from fastener industry attended this fabulous party.The theme of the Night was “industry, internet and future”. Ms. Wu Wai Yee, Chairman of Hong Kong Screw and Fastener Association, Mr. Gian Marco Dalpane, vice-chairman of European Fastener Distribution Association, Mr. Shi Jianhua, vice secretary of China Automotive Industry Association, Mr. Chen Jutian, chairman of Guangdong Province Fastener Association and other distinguished were invited.Mr. Gordon Payne, general manager of ITE Asia, expressed gratitude for everyone’s coming, and stated that Fastener Expo Shanghai would not go so far without the support from exhibitors and visitors. “We will provide good service to all our customers, no matter it is big or small,” Mr. Gordon Payne said.E-Commerce enterprises, such as Gongpin Yihao, Santie, Jinshang, Tongming, stated that AI and internet would be the future of fasteners. Since the development of industrial internet was good, Chinese fastener enterprises should take an active part in it.Regarding the future of fastener industry, Mr. Yang Junfeng, founder of luosi.com, Fastener Expo Shanghai and INDUSTBOX, stated that business in 2019 was hard, but it was the best time in the next 10 years. In the next 10 years, there were two development trends. One was consumption upgrade which the key factor was brand building. The other was industry internet which technology innovation played an important role. It was believed that fastener industry would be more hopeful in the next 10 or 15 years.

The 6th Face to Face ChinaFastener Purchasing Meeting Got a Fruitful Result

By CFM| 2019-07-04 18:41:14

Organized by ChinaFastener.com, Fastener Expo Shanghai and INDUSTBOX, the 6th Face to Face ChinaFastener Purchasing Meeting was held at National Exhibition and Convention Center (Shanghai) on June 21st, 2019.As one of colocated activities of Fastener Expo Shanghai, nearly 30 international buyers and more than 150 suppliers attended this meeting. During the meeting, suppliers communicated with the buyers under organizer’s guidance. International buyers were mainly from Russia, India, Philippines, Pakistan, etc. Bossard, Reyher, and some other famous buyers also came to this meeting. Products that they wanted to purchase included screws, bolts, nuts, anchors, washers, threaded rods, rivets, molds, equipment, etc.The outcome turned out to be great. Most buyers stated that they were satisfied with the matched suppliers. They were grateful that organizers provided them with such a convenient chance, which helped them reduce the cost of finding suppliers. For those who successfully got orders, they said they were happy to attend this meeting, and would be very glad if they could be invited next year.Face to Face ChinaFastener Purchasing Meeting provides a platform for buyers and suppliers to communicate face to face. All orders will be matched precisely in advance so that buyers and suppliers can talk efficiently.

Fastener Expo Shanghai 2019 Got a Great Success

By CFM| 2019-07-04 00:00:00

On June 28, Fastener Expo Shanghai 2019 and 10th edition of Automobile Fastener Expo closed its curtain at National Exhibition and Convention Center (Shanghai). They turned out to be a great success.The exhibition hall covered an area of 60,000 square meters. Nearly 800 exhibitors from around the world attended this expo. Some exhibitors included: Jiangsu Washen, Zhejiang Xinchun, Foshan Sailuk, Ningbo ABC, Dongtai QB, Zhejiang Brother, Jiaxing Chinafar, Suzhou YNK, Ningbo Zhenhai Huazhi, Shanghai Fast-Fix, Zhejiang Ansheng, Jiaxing Zhengying, Shanghai BSC, Jiangxi Kaixu, Ningbo Ningli, Shanghai UAZNC, Beijing Jinzhaobo, Shanghai SRC, Dongguan Chunqing, Foshan Guangqingchang, Jiaxing Kinfast, Wenzhou Qiangbang, etc.Jiangsu WashenZhejiang XunchunFoshan SailukNingbo ABCDongtai QBZhejiang BrotherExhibits included standard fasteners, non-standard fasteners, automotive fasteners, high strength fasteners, stamping parts, lathe pieces, equipment, materials, molds, technologies, etc.As Fastener Expo Shanghai celebrated 10th anniversary, Mr. Yang Junfeng, chairman of luosi.com, said “At present we face a huge challenge and fierce competition. What we can do is to face it and create more value to our customers with professional service. Meanwhile, we need support from our friends, and we should be cooperative. Only when we work together can we be seen by the world.”During the exhibition, a series of colocated activities were held at the same time, such as face to face purchasing meeting, technical interchange meeting, round table, etc. The themes were related to fastener market and business mode, technology creativity and craft optimization, AI manufacturing, product application, future industry development strategy and sustainable development, etc. The topics reflected opportunities and challenges China faced in respect of design, R&D, production, application and trade, etc. Speakers gave valuable solutions and suggestions. All activities were in favor of the development of the industry.Face to Face China Fastener Purchasing MeetingThe next edition of Fastener Expo Shanghai will be held from June 3-5, 2020 at National Exhibition and Convention Center (Shanghai).

Fastener Fair USA Closed its Curtain in Detroit

By CFM| 2019-05-24 00:00:00

From May 22nd to 23rd, Fastener Fair USA was held in Detroit. Journalist of ChinaFastener.com came to this exhibition with 25th ChinaFastener Magazine 華人螺絲.There were more than 260 exhibitors, which mostly were American local enterprises. Chinese enterprises included: Beijing Jinzhaobo High Strength Fastener Co., Ltd., Cixi Hexie Fastener Co., Ltd., Laizhou Ruifu Auto Parts Co., Ltd., Ningbo Jinding Fastening Piece Co., Ltd.Beijing Jinzhaobo High Strength Fastener Co., Ltd.Cixi Hexie Fastener Co., Ltd.Laizhou Ruifu Auto Parts Co., Ltd.Ningbo Jinding Fastening Piece Co., Ltd.Detroit is a famous industrial center throughout the world, which is known as “the Motor City”. Headquarters of Ford, GM, Chrysler are located here. Other important industries include steel, airplane, tank, chemistry and metal processing, etc.According to statistics published by General Administration of Customs, P.R. China, in 2018, China’s export value to the U.S. rose by 11.3% and import value from the U.S. rose by 0.7%. China reserved large trade surpluses with the U.S. with year on year growth of 17.2%, which the amount was US $ 323.32 billion. In contrast, the U.S. trade deficit with China increased to US$ 621 billion, which was the highest standard since 2008.China’s international markets have become more diversified. Driven by “the Belt and Road”, in the first four months, China’s export to EU, ASEAN, Korea and Russia respectively increased by 14.2%, 13.4%, 7.7% and 9.1%.As the conflict between China and the U.s. becomes more intense, China’s export enterprises are actively developing other markets. For example, there are more than 17,000 export enterprises in Ningbo, Zhejiang, which 90% is small and medium sized, and 80% of them exports goods to the U.S. In the first quarter of 2019, the percentage of exporting to the U.S. only accounted for 20%. In the top 10 trade partners, apart from the U.S., the rest increased to some extent, especially in ASEAN, Rassia and Brazil markets, which respectively increased by 22.3%, 51.7% and 23.9%.Mr. Liu Shijin, former deputy director of Development Research Center of Development Research Center of the State Council said “We should take an objective and rational look at the current challenge. The upgrade of the China-US trade war will indeed affect the export of goods, or even put heavy burdens on economy in a short term, but the influence is limited.”

India has a Great Demand for Fasteners, and Chinese Enterprises Seized the Chance to Dig for Gold in India

By CFM| 2019-04-27 00:00:00

During April 25th to 26th, the 7th edition of Fastener Fair India Mumbai was held successfully. Journalist of ChinaFastener.com came to the exhibition with the 25th issue of ChinaFastener Magazine 華人螺絲 to get the latest information on India’s fastener market.Exhibits included industrial fasteners, construction fasteners, installation systems, fastener production technology and equipment, etc.204 exhibitors from around the world attended this fair. The majority of exhibitors were from India, mainland China, Germany, Korea and Japan. Most of the exhibitors attended Fastener Fair India for the first time, and they stated that they were satisfied with the result. Buyers were enthusiastic, although it took longer time to negotiate.More than 60 exhibitors were from mainland China and Taiwan, including Jiangsu Washen Fastener Manufacture Co., Ltd., Shanghai UAZNC Precision Technology Co., Ltd., Zhejiang Eyason Intelligent Technology Co., Ltd., Jiaxing City Qunbang Hardware Co., Ltd., Yihong Environmental Machinery (Suzhou) Co., Ltd., Foshan Guangqingchang Metal Plastic Co., Ltd., Jiaxing Xuanyue Standard Fastener Co., Ltd., etc.Jiangsu Washen Fastener Manufacture Co., Ltd.Shanghai UAZNC Precision Technology Co., Ltd.Zhejiang Eyason Intelligent Technology Co., Ltd.Yihong Environmental Machinery (Suzhou) Co., Ltd.Foshan Guangqingchang Metal Plastic Co., Ltd.Thousands of visitors came to this fair. They were mainly from electronics, automotive, metal industries. Many buyers would like to purchase molds, washers and rivets, etc.According to the Global Competitiveness Report published by the World Economic Forum, India scored 62.02 points out of 100 in 2018, which broke a record in history. This means that the competitiveness in India is increasing rapidly. With the fast development in economy, the demand for fastener in India is also increasing dramatically, especially in automotive and infrastructure field.According to statistics published by UN Comtrade, during 2014 and 2018, value of import of fastener that imported to India has been increasing year after year. In particular, the growth in 2018 made a big shot. In 2018, quantity of import of fastener was 268,394,280 kilograms, with year on year growth of 27.55%. Value of import even exceeded US$ 1 billion, with year on year growth of 43.08%. Average unit price of import was US$ 4.31 per kilogram, with year on year growth of 12.18%.Table 1: Import of fastener in India from 2014 to 2018YearQuantity of Import (KG)Value of Import (USD)Average Unit Price2014134,670,455721,679,4105.36 2015170,556,664691,171,3214.05 2016161,231,296692,380,6114.29 2017210,426,003807,603,2913.84 2018268,394,2801,155,529,6114.31 On the contrary, during 2014 and 2018, quantity of export was between 230 – 250 million kilograms, after a drop in 2015. In 2018, quantity of export was 253,730,257 kilograms, with year on year growth of 7.77%. Value of export was US$ 579,815,786, with year on year growth of 18.94%. Average unit price of export was US$ 2.29 per kilogram, with year on year growth of 10.36%.Table 2: Export of fastener in India from 2014 to 2018YearQuantity of Export (KG)Value of Import (USD)Average Unit Price2014302,896,000982,799,8873.24 2015254,192,702552,016,6472.17 2016232,348,176459,202,4491.98 2017235,436,930487,499,7762.07 2018253,730,257579,815,7862.29 By comparing the import and export, it can be seen that India has a great demand for fasteners. Meanwhile, fastener industry in India is developing very quickly. Industry chain has come into being. Over 70% of fastener manufacturers are gathering in Ludhiana, where manufacturers of raw materials, moulds, surface treatment, hot treatment and equipment can be found.Ludhiana, located to the north of Delhi, is the industrial center in northern India. The BBC has called it India's Manchester. The World Bank ranked Ludhiana as the city in India with the best business environment in 2009 and 2013. Ludhiana is Asia's largest hub for bicycle manufacturing and produces more than 50% of India's bicycle consumption of more than 10 million each year. Ludhiana produces 60% of India's tractor parts and a large portion of auto and two-wheeler parts. Besides, it is one of the largest manufacturers of sewing machines, hand tools and industrial equipment are other specialties.As one of the most important automotive manufacturing centers in the world, India has replaced Germany to be the fourth biggest automotive consumption market, and it is expected that it can surpass Japan to be the third biggest automotive consumption market in three years. According to statistics published by LMC Automotive, in 2018, 3.99 million commercial vehicles and passenger vehicles were sold in India, with year on year growth of 8.3%.In recent years, India has been speeding up the pace of the localization of electric vehicles. In order to encourage automotive manufacturers to assembly automobiles in India, Indian government has decided to reduce the tariff of relevant parts from 15% to 10%.In addition, India is trying to produce military equipment by domestic manufacturers, rather than import from abroad. Up until now, Indian government has released over 300 national defense licenses to more than 200 enterprises, some of which are private enterprises. For example, Tata Group, a renowned company in India, has signed an agreement with a U.S. arms manufacturer to produce F16 combat aircrafts on a large scale.With the fast development in economy, Indian government invests heavily in infrastructure, mainly in highways, renewable energy and city transportation. According to the budgets in fiscal year 2019 to 2020 published by India government, budgets of some segments are as follows:Project NameBudget (USD)Communications5.36 billionRailways9.25 billionHighways11.51 billionRenewable energy540.53 billionTelecom equipment1.16 billionAccording to Ministry of Commerce, P.R. China, up until January, 2019, China is India’s third largest export destination, and the largest origin of import. Goods imported from China were mainly industrial products. For example, imported goods relating to electric machines, nuclear reactors and chemical products account for 62.5% of all the goods imported from China. It can be concluded that India has a great demand for parts made in China.China and India are building a closer business relationship, and it is expected that cooperation will be strengthened in the near future.

4th Edition of Manufacturing World was Held in Nagoya, Japan

By CFM| 2019-04-19 00:00:00

From April 17-19, 4th edition of Manufacturing World was held at Portmesse Nagoya, Japan. Journalist of ChinaFastener.com came to this fair with 25th issue of ChinaFastener Magazine 華人螺絲.Manufacturing World Nagoya is Asia's leading show where all kinds of cutting edge mechanical components/manufacturing services/IT solutions for any types of manufacturing industry gather. Manufacturing World Nagoya 2019 consisted of 5 shows, namely, 4th edition of Design Engineering & Manufacturing Solutions Expo, 4th edition of Mechanical Components & Materials Technology Expo, 3rd edition of Factory Facilities & Equipment Expo, 3rd edition of Aerospace Technology & Components Expo and 1st edition of Advanced 3D Printing Expo Nagoya.1,150 exhibitors and over 40,000 visitors participated in this show. Exhibitors from mainland China included Shanghai Rivet Manufacture Co., Ltd., Hangzhou Grand Import & Export Co., Ltd., Jiangsu AWD Fastener Co., Ltd., and Suzhou Jinyuan Fastener Co., Ltd, etc.Shanghai Rivet Manufacture Co., Ltd.Hangzhou Grand Import & Export Co., Ltd.Nagoya is not only a gathering place of Japanese manufacturing, but also the main gathering place of automotive, aerospace, machine tool and other high end industries. According to TSR, at present, there are 17,016 companies in Nagoya, which famous enterprises include Toyota and Kyocera Group.According to Trade Statistics of Japan, quantity of import of fasteners in 2018 was about 330,000 metric tons. Compared to 2017, value of import was about 120 billion yen, with year on year growth of 7.7%. Quantity of export of fasteners in 2018 was around 370,000 metric tons, with year on year growth of 3.1%. Value of export was about 333 billion yen, with year on year growth of 2.4%. The average unit price decreased by 0.6%.According to Trade Statistics of Japan, quantity of import of fasteners in 2018 was about 330,000 metric tons. Compared to 2017, value of import was about 120 billion yen, with year on year growth of 7.7%. Quantity of export of fasteners in 2018 was around 370,000 metric tons, with year on year growth of 3.1%. Value of export was about 333 billion yen, with year on year growth of 2.4%. The average unit price decreased by 0.6%.In 2018, top 3 countries or areas that Japanese fasteners exported to were mainland China, the U.S., and Thailand. In particular, Japan exported 89,941 metric tons fasteners to China, which accounted for 23.31% of the total quantity of export.Generally speaking, in 2018, Japanese market condition was steady, and mainland China was still Japan’s biggest export market of fasteners. Compared to 2017, market share of Chinese fasteners in Japan decreased by 2.16%, but the average unit price increased by 9.24%.The next edition will be held from April 15 – 17, 2020.

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