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Though Business Relationship Between China and Germany is Strengthening, Germany Regards China as One of the Most Competitive Competitors

By CFM , 2019-03-20 12:00:00

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The 8 edition of Fastener Fair Stuttgart, organized by Mack Brooks, is being held at Trade Fair Center, Stuttgart (March 19-21, 2019). Journalist of came to this fair with ChinaFastener Magazine 華人螺絲.

1. 展会报道.jpg

Fastener Fair Stuttgart is held every other year. This year, the net exhibition space expanded to around 22,000 square meters, a growth of 5% compared to 2017. It covered the complete spectrum of fastener and fixing technology: industrial fasteners and fixings, construction fixings, assembly and installation systems and fastener manufacturing technology.

Over 987 exhibitors from 45 countries brought their latest technological developments as well as conventional systems to the show. For example, CELO Befestigungssysteme GmbH presented new insulation screw IPS, which enables extremely quick direct fastenings in ETICS with no thermal bridge. For another example, Backer GmbH & CO. KG developed anti-vibration buffers that guarantee a significant reduction of the noise limits in relation to the works carried out.

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Major European exhibiting countries besides Germany are Italy, Turkey, Great Britain, Spain, Netherlands and France. Asian exhibitors mainly come from China, Taiwan and India. Exhibitors from China included: Jiangsu Washen Fastener Manufacture Co., Ltd., Zhejiang Xinchun Fastening Piece Co. Ltd., Ningbo ABC Fasteners Co., Ltd., Brother Holdings Group Co., Ltd., Suzhou YNK Fastener Co., Ltd., Shanghai Fast-Fix Rivet Corp., Yuyao Xintai Hardware Co., Ltd., Jiaxing Xingxin Standard Heat Treatment Co., Ltd., Foshan City Guangqingchang Metal Plastic Co., Ltd., Pinghu Kang Yuan Hardware Co., Ltd., etc.


Jiangsu Washen Fastener Manufacture Co., Ltd


Zhejiang Xinchun Fastening Piece Co. Ltd.


Ningbo ABC Fasteners Co., Ltd.


Brother Holdings Group Co., Ltd.


Suzhou YNK Fastener Co., Ltd.


 Shanghai Fast-Fix Rivet Corp.


Yuyao Xintai Hardware Co., Ltd.


Jiaxing Xingxin Standard Heat Treatment Co., Ltd.


Pinghu Kang Yuan Hardware Co., Ltd.

According to statics published by European Commission, in 2018, top 5 countries or regions from which Germany imported fasteners (calculated by the value of import) out of Europe were Taiwan, mainland China, Switzerland, the U.S., and Turkey. The details are as follows:


In 2018, value of import of fasteners that imported from China was 287,711,273 euros with year on year growth of 25.04%. The average imported unit price increased by 11.65% year on year.

In 2018, top 5 countries or regions to which Germany exported fasteners (calculated by the value of export) out of Europe were Mainland mainland China, the U.S. Switzerland, Mexico and Turkey. The details are as follows:


China still Germany’s biggest export market for fasteners. In 2018, value of export of fasteners that exported to China was 670,598,985 euros with year on year growth of 4.95%. The average exported unit price increased by 7.52% year on year.

The bright prospect of German fastener industry can be seen from the financial reports of  Germany’s renowned enterprises.



According to the preliminary financial report, Wurth made a big shot in 2018. Sales volume reached 13.6 billion Euros with year on year growth of 7.1%. Considering the change in exchange rate, year on year growth should be 8.6%. Operating income broke a record of 860 to 880 million Euros. Robert Friedmann, chairman of Wurth Central Management Committee, stated “We are excited to see such a positive result. The fact proved that by means of strategies and services, Wurth is still an important partner of trade and industry.” Sales volume of e-commerce reached 2.4 billion euros, which was much higher than the average increase of sales.

Friedmann was hopeful for the new financial year. “Due to the slowdown of economy, in 2019, we will meet greater challenges. In spite of this, we don’t have to worry, because the development of the company is steady.”



According to preliminary figures, the supplier of technology and services generated sales from operations of 77.9 billion euros last year. Sales results were hit hard by exchange-rate effects to the tune of 2.1 billion euros. Adjusted for exchange-rate effects, revenue rose 4.3 percent. “Despite the economically harsh environment, Bosch performed well in 2018. Sales and result are once again on a record level,” said Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, speaking at the press briefing on preliminary figures. “As an innovation leader, we want to shape change in our markets, in both a technological and a business sense. Our strategic focus on connectivity is paying off,”

Denner added. Bosch sold a total of 52 million web-enabled products in 2018, 37 percent more than in the previous year. In 2018, EBIT (earnings before financial result and tax) from operations reached some 5.3 billion euros. This is likely to yield an EBIT margin from operations of 6.9 percent. “Bosch aims to develop better than its markets and secure its high level of earnings, despite the difficult economic conditions expected,” said Prof. Stefan Asenkerschbaumer, the deputy chairman of the board of management and chief financial officer. “We plan to make all our business sectors even more competitive so we can finance the expansion of our technology leadership, and with it, the future of our company.” Global Fastener Trip not only visited Fastener Fair Stuttgart, but also visited Wurth and Bosch to have a close face to face communication with top management.Germany is not only China’s biggest trade partner in Europe, but also important origin of capital and technology. Besides, manufacturing between China and Germany has great complementary needs. Based on the statics of import and export, the relationship between China and Germany is strengthening.

However, on February 5th, 2019, Peter Altmaier, minister of German Federal Ministry of Economic Affairs and Energy, signed and announced the draft of National Industry strategy 2030. In this draft, China is defined as a competitor and has been mentioned for many times. In addition, 5 of 9 core industries in this draft are the same as those listed in China Manufacturing 2025 published by Chinese government. Germany regards China as one of the most competitive competitors. This also proves that China manufacturing is being recognized by the world.


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