FHEVOS Metal Moved to New Location for Larger Production                   ----Thin Sheet Metal Fastener Manufacturer In order to meet the needs of larger production demand , FHEVOS Metal (FVS) decide to expand its factory and move its headquarter to a bigger location in Jiangsu . The new address is 208 Qingdao East Road, Economic Development Zone, Taicang City, Suzhou, Jiangsu, China. FHEVOS Metal Products was established in 2009, headquartered in Taicang Jiangsu, with branches in Tianjin, Shanghai, and Guangzhou. Guangzhou FHEVOS is focusing on export business. The company has advanced production equipment and dozens of automated machine tools. Our products have passed the ISO 9001-2000 quality management system certification and ISO/TS 16949:2009 system certification. FHEVOS metal is focusing on the manufacturing and selling of rivet Stud, rivet nuts, Blind rivets and stainless steel screws.FVS products are mainly applied in automotive industry, Sheet metal industry and solar energy industry. FHEVOS metal offers automotive fasteners for Xpeng, Jiang Auto Group, Zero Run, Chery, and WM Motor in domestic Market. FHEVOS metal also offer fixing solution for solar Photovoltaic products. With more than 6,000 square meters, FVS new factory has a larger production area and advanced production equipment. It is a modern, intelligent, and advanced factory that can better meet customer needs and provide higher quality, more efficient services. At the same time, we will continue to be committed to environmental protection and sustainable development, striving to create a cleaner and greener production environment for our customers. Our team members have years of industry experience and professional knowledge that can provide customers with comprehensive solutions. We have an international vision and concept that can help customers better understand the international market and formulate corresponding strategies. FHEVOS products are sold well to overseas markets such as EU , South Korea, Turkey and Southeast Asia. In order to gain more overseas market share, FVS metal attend the fastener Exhibitions all over the world, such as Fastener Fair Stuttgart , Fastener Expo Shanghai, Korea Metal Week, and AAPEX Las Vegas. Welcome to visit our booth in Fastener Expo Shanghai 2023 in 5-7, June. FVS metal booth No.: 2F617.More information, visit www.fvsmetal.com or www.fvsmetal.chinafastener.com or contact us at manager@fvsmetal.com

Gathering global fastener enterprises, FASTNER FAIR toured Vietnam. As the first exhibition to land in Vietnam, the opening day of the 2023 Fastener Fair Vietnam sparked a wave of visits. On August 9, ChinaFastener with the newly released 34th issue of China Fastener Magazine (CFM) directly to the scene, take you to explore the business opportunities of Vietnam fastener market. According to the organizers, as a concurrent exhibition of Vietnam Manufacturing Expo (VME), over 200 enterprises from more than 20 countries around the world participated in the exhibition within three days, with over 10000 visitors. The future of the Vietnamese market is worth imagining. The Vietnamese market has a promising future "This is the first time for me to visit the exhibition in Vietnam, and I saw a lot of excellent Asian enterprises, all kinds of new products and new technologies on the scene. Every booth has a surprise." A buyer from the United States said in an interview. "This exhibition, whether it is from the number of exhibitors, or the number of visitors, has revealed a very obvious signal that the Vietnamese fastener market is very prosperous, and we are also very optimistic about the future Southeast Asian market." Many exhibitors are optimistic about the Vietnamese market. The growth of Vietnam's fastener industry has tangible data. In 2022, Vietnam's total fastener imports and exports reached $730 million and $680 million, respectively. Compared to the four years since 2018, total imports and exports have increased by 25% and 45% respectively. Whether from the perspective of import or export, the development of Vietnam's fastener industry in recent years is very rapid. The prosperity of the Vietnamese fastener market has been driven by the following two factors. On the one hand, Vietnam is one of the countries with the fastest economic development in the world, with a GDP growth rate of 8% in 2022. The rapidly developing economy has stimulated the demand for downstream industries such as construction, automobiles, and construction machinery, driving the expansion of the fastener market year by year; On the other hand, due to the impact of international trade frictions, some international fastener enterprises have begun to transfer their industries to Southeast Asia. A large number of international enterprises have entered the Vietnamese market, so the industry range of the exhibitors is also very broad, mainly including assembly and installation systems, construction fasteners, fastener manufacturing technology, fastener production machinery, industrial fasteners, screws and fasteners, etc. Participation of Chinese fastener enterprises China has always been the largest import source of Vietnamese fasteners. In 2022, Vietnam's total fastener imports from China reached 360 million US dollars, accounting for about 49% of Vietnam's total fastener imports, and China basically monopolized half of Vietnam's fastener imports. With a market size of nearly 100 million consumers, Vietnam represents huge potential for economic growth. Its demand for fasteners also continues to grow, so it is regarded as an important target market for export by many Chinese fastener enterprises. It is understood that nearly half of the exhibitors at this Vietnam exhibition are from China, with a total of about 60. The Yongnian District Import and Export Chamber of Commerce actively organized enterprises to explore the Southeast Asian market, and a total of 39 fastener enterprises were organized to participate in this exhibition. "Over the past decade, the development rate of the fastener market in Southeast Asia has far exceeded our expectations. In the future, Vietnam, Thailand, Indonesia and other countries will become more and more important markets for Chinese fastener enterprises." Su Quantao, chairman and general manager of BSC Corporation Ltd. expressed confidence. ChinaFastener appears in Southeast Asia ChinaFastener has been committed to helping Chinese fastener enterprises to explore overseas markets. In this Vietnam exhibition, ChinaFastener organized a professional team to go overseas to participate in the exhibition and bring you the latest information of the Southeast Asian market. (Booth number: Fastener Hall I10) According to a on-site visit by a journalist from ChinaFastener, it can be seen that the buyers for this exhibition include various fields such as construction, automotive, aerospace, marine industry, electronic and electrical products, general engineering (light and heavy industries), energy and power generation, communication technology, metal products, furniture manufacturing, sanitary ware and plumbing installation, which also provides rare business opportunities for Chinese fastener enterprises. At the same time, the ChinaFastener team actively distributed the 34th issue of China Fastener Magazine (CFM) to buyers. China's fastener suppliers generally have an excellent reputation among international buyers, and there are many buyers on the scene to consult the relevant information of Chinese suppliers. ChinaFastener is also honored to interview the organizers of this exhibition. According to the organizer's introduction, half of the enterprises at this fastener exhibition are from China. In the future, the investment target will be extended to more European and American enterprises. The scale of the Fastener Fair Vietnam will be larger and it will be held independently from VME, while not ruling out the possibility of holding exhibitions in Ho Chi Minh City in the future. For fastener enterprises, this is undoubtedly an opportunity to expand into the Southeast Asian market. Prospects for the Vietnamese fastener market The fastener market in Vietnam is an emerging and dynamic field that has been rapidly developing. Vietnam is one of the most attractive destinations for foreign investment in manufacturing, especially in the fields of automobiles, electronics, shipbuilding, and construction. These industries require a large number of fasteners, such as screws, bolts, nuts, rivets, washers, etc. In 2022, Vietnam imported about 730 million US dollars of fasteners, which shows the huge potential of Vietnam's fastener market. It is expected that the fastener market in Vietnam will continue to develop in the future, as Vietnam will attract more foreign investment and develop its manufacturing industry. Vietnam has also participated in Free Trade Agreement (FTA), such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU–Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP), which can create more opportunities for Vietnam's fastener industry and market. The analysis of the current situation and development trends of the global fastener industry market in 2022 shows that the Asia Pacific region is the world's largest fastener market. The Asia Pacific region accounted for 42.7% of global fastener industry revenue in 2021, and is expected to maintain a leading position in the coming years. As an important member of the Asia Pacific region, Vietnam will play an important role in it.

China's first high-speed railway controlled by private capital has been built to connect several cities in east China's Zhejiang Province.On Tuesday, the tracks were completed for the Hangzhou-Shaoxing-Taizhou intercity railway, one of China's first group of high-speed railway projects funded by a public-private partnership (PPP), with the private sector having a holding status.With a total investment of nearly 44.9 billion yuan (about 6.95 billion U.S. dollars), the 266.9 km rail line has been designed with eight stops and a speed of 350 km per hour.The new rail line will be opened by the end of this year and will be connected to the high-speed railway network in the Yangtze River Delta region. It will halve the travel time between Hangzhou and Taizhou to approximately one hour. Enditem

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.