By | 2008-07-25 00:00:00

Grand Industries Co., Ltd. was established in 1985. It owns six factories and has more than 20 allied factories. The company mainly export steel made fasteners products to European and America market. Last year the amount of export exceeds USD 11,000,000 and the turnover is expected to steady grow.   Today, we have the honour to invite Mr. Will Wang, Export Manager of Grand Industry, to share his experience.   Chinafastener: Mr. Wang, would you please introduce your company briefly?   Mr. Wang: Our company was established in 1985, in the beginning, it’s a large state-owned enterprise. With the development of business and transition of system, now the company has completed with privatization and hold shares.   We mainly exported steel made fasteners products to European and America market. Last year the amount of export is USD 11,000,000 or so, it is expected to reach about USD 13,000,000 this year. By 2010, we hope the sales volume will be more than USD 20,000,000.   On one hand, we reinforce export by some products advantage; On the other hand, by cooperation of purchase shares, at present we own production base. Next year, we intend to set up our own warehouse, in order to control products quality and packing well, provide good service for client.   Chinafastener: What is the advantage of your company?   Mr. Wang: Owing to there are so many fastener items, the factory is not in a position to afford all kinds of standard fasteners. As to our company, we have ability to purchase products from different manufacturers to meet customer’s demands. I think it’s our advantage.   As our customers’ request, products that we delivered not only in excellent quality but also enough quantity. Whatever kinds of fasteners customers ordered, we will try our best to afford it. Meanwhile we can produce the non-standard fasteners including nuts and screws, according to customer’s needs. If our factory can’t produce non-standard fasteners, we’ll do our best to look for the suitable suppliers. In that case, we not only satisfy customer’s demands but also it proves us trustworthy partner. Naturally, clients are more willing to cooperate with our company.   Chinafastener: The export environment is very rough this year. Do you feel the pressure and how can you make your products outstanding in the fierce market?   Mr. Wang: Because of the rising of steel price, falling of export tax refund, anti-dumping of European Union, appreciation of RMB, it’s very difficult for most trade companies in field of fasteners in 2008. We also meet big pressure from cost and exchange rate.   Under this circumstance, I think, firstly, we should consider company’s situation, analyze problem and adjust the strategy, reduce the loss to minimum. Secondly, because of the nation’s policy, we are in the same starting line, so we need to enhance the product quality and service, adopt the advanced technology and equipment, in order to produce high -tech products. It is benefit for us to participate market competition. If do this way, we enjoy the advantage.   Chinafastener: What do you think is the most important factors during foreign trade? What is your company’ advantage in foreign trade?   Mr. Wang: Many factors play important roles in international trade. For our company, I think, the quality of product and after-sale service are extremely important.   We have four advantages:   First, the quality of product and service can be guaranteed.  To fulfill the customer’s requirements is the key point to expand market and increase export turnovers. We follow the strategies of winning customers by promoting both quality of products and services. At the same time, we enhance the products’ competitiveness by increasing the ratio of the technology content.   Second, we have optimized the structure of export commodity  To improve the competitiveness and increase the added value of our products, optimization of export products is another important requirement of quality-oriented strategy.   Third, enhance the brand strategy  While improving the quality of our product, we should make more and more customers remember our qualified products.   Last, fulfill customers’ demands by more efficient and complete service.   Chinafastener: To describe the business philosophy of your company in one sentence, what would you say?   Mr. Wang: Quality first, service first, credit first  

By | 2008-07-10 00:00:00

  The Confederation of British Metalforming director-general John Houseman said as the rising cost of steel and energy are global issues, “The only sensible solution for all concerned is for our automotive sector and white-goods manufacturers to tell their buyers to accept price rises reflecting the increased costs facing the fastener makers, this will protect their security of supply and retain faithful suppliers.”   In an open letter to end-user manufacturers, John Houseman expressed that the fastener producers had to be allowed to recoup their increased costs. And it was absurd to expect hard-pressed component suppliers to absorb consistent double-digit rises in the cost of both raw materials and energy.   He said the fastener manufacturers have no bargaining power with the raw material suppliers. At the buoyant economic periods some fastener manufacturers had chosen to absorb part of the increased costs. However, with rising steel, gas and electricity costs this was no longer possible.   He added, “Equally, I understand the buyers’ perennial mindset that they should demand ‘cost downs’ and oppose price increases by component suppliers.” But “if the buyers try to source safety critical fasteners in the Far East, they will immediately encounter supply chain difficulties, lack of traceability and quality problems.”   "As the rising cost of steel and energy are global issues, the buyers soon will be forced into renegotiations with their new suppliers, whether they are in China, India, Vietnam or the Philippines,” he said. “The only sensible solution for all concerned is for our automotive sector and white-goods manufacturers to tell their buyers to accept price rises reflecting the increased costs facing the fastener makers, this will protect their security of supply and retain faithful suppliers.”   The CBM is the UK’s leading trade association for companies in the forging, pressing and sheet metalforming industries. It has around 200 members and represents the interests of 20,000 workers in the industry.

By Carrie| 2008-07-01 00:00:00

National fastener industry product price symposium was held at grand manner in CIFC. Forties on 26th June. Important representatives of more than 40 enterprises from different regions of China got together in Haiyan, discussing current national fastener industry’s price adjustment and development problem deeply. www.Chinafastener.com was invited to participate this forum and report the meeting.                   Conference Scene   The tough situation do not only increased the enterprises’ burden, but also disorder the international market. The price system was requested to adjust in time by national fastener industry.   We also sum up several factors of increasing price:   ⅠEnergy price Increasing   Mr. Feng Jinyao, President of China General Fastener Association was firstly to mention the current price of coke which is used for steelmaking has been increased rapidly, (the price of coke are approximate to 2000 Yuan per T). The price of Industrial electricity has been increased gradually.   ⅡThe price of original mining has been increased.   Ⅲ Foundation constructions have been increasing: Firstly, with Urban-Rural Integration, demand of steel would are increasing. With Olympic Games and International Fair Badges coming, the construction of subway will result in increasing demand of steel. Furthermore, due to some natural factors, for example, the earthquake of Wenchuang in Sichuang, the price of locate original material maintained the same as 12th May in order to support stricken redevelopment   ⅣInternational Market: Firstly, currency exchange rate has been fluctuated, mainly slump of U.S. Dollar; Secondly, EU’s antidumping brought adverse effect. In the meantime, Ministry Of Commerce will visit European Union; it shows that the relations between two sides would have been improved.   ⅤThe increasing cost: New Labor Law was promulgated.   At the end of the meeting, Mr. Feng advised to purchase steel reasonably and select suitable steel! Enterprises form the whole country expressed their opinions and support to establish price-guiding team to analysis current price and give rational guard price. “Fastener national standard” has been suggested to upgrade quickly to integrate with international market as soon as possible, however, So far, the old standard of series of 79 has still been used. Furthermore, the president of Jiahua Shen from Haiyan Fastener of Merchants Association mentioned a current chemical certificate which attracted some export enterprises.   In the afternoon, with China General Fastener Fair and Haiyan Merchants Association organizing, we visited Jiaxing Brother Standard Limited Co and then heard the newest introduction about CIFC project.

By Ella| 2008-06-24 00:00:00

23rd June 24, 2008, the 9th Guangzhou international Fastener, Spring and Equipment Fair exhibition opened in held in China Import and Export Fair Pazhou Complex. There were thousands of suppliers and buyers from about 25 countries and areas. It was expected that there were over 460,000 visitors. As the first door in Chinese fastener industry, ChinaFastener which has played an important role to help domestic Fastener enterprises expand wider cooperative market and to pursuit much more excellent customers anticipated this exhibition.   Chinafastener displayed / Industrial Directory of Chinese fastener/ and / Chinafastener/ Quarterly in the exhibition with stand NO. 3503, attracting a lots of fastener suppliers and buyers at home and aboard.   There were lots of commodities to display in this exhibition, including cars, motor bikes, household electricity fastener and fittings：\bolt\nut\ screw\rivet\column bolt\gasket\assemblyunit\coupling and the related products; Fastener production equipment (forming machine, cold mound machine, end cutting machine, heading machine, rubbing gear machine, tooth rolling machine, stretching machine, wire drawing machine, automatic screening machine, vibration plate etc) and screw mould; Matching raw materials for fasteners and spring production(spring steel wire, stainless steel wire);spring equipment (numerical control rubs the reed machine, testing machine etc); Tools for fastener application and fastening system; detecting apparatus and machinery, all kinds of parts and the related technology and equipments; washer and equipment.   During the exhibition, our / Industrial Directory of Chinese fastener/ and export magazines were warmly welcomed. Some enterprises’ bosses said’ the business would be much easier as we have such wonderful fastener b2b platform, and we will take action in the next investment promotion. Your guys did well.” Hearing the exciting words, we not only felt comfortable, but also believed we could do the best.

By | 2008-06-23 00:00:00

23rd June 24, 2008, the 9th Guangzhou international Fastener, Spring and Equipment Fair exhibition opened in China Import and Export Fair Pazhou Complex. There were thousands of suppliers and buyers from about 25 countries and areas. It attracted more than 460,000 visitors from home and abroad. As the first door in Chinese fastener industry, www.chinafastener.com(www.luosi.com) exhibited in this show.   There were lots of commodities to display in this exhibition, including cars, motor bikes, household electricity fastener and fittings：\bolt\nut\ screw\rivet\column bolt\gasket\assembly unit\coupling and the related products; Fastener production equipment (forming machine, cold mound machine, end cutting machine, heading machine, rubbing gear machine, tooth rolling machine, stretching machine, wire drawing machine, automatic screening machine, vibration plate etc) and screw mould; Matching raw materials for fasteners and spring production(spring steel wire, stainless steel wire);spring equipment (numerical control rubs the reed machine, testing machine etc); Tools for fastener application and fastening system; detecting apparatus and machinery, all kinds of parts and the related technology and equipments; washer and equipment.    

By Ella| 2008-06-18 00:00:00

Abstract: www.Chinafastener.com will exhibit in the 9th China (Guangzhou) International Fastener, Spring & Equipment Exhibition on 23rd, June, 2008, meeting thousands of Chinese fastener suppliers and foreign visitors. We will help national fastener enterprise extend their national and international market, explore more competitive suppliers and report the latest information of the exhibition on time.   The 9th China (Guangzhou) International Fastener, Spring & Equipment Exhibition will be held in China Import and Expot Fair Pazhou Complex on 23rd, June, 2008. www.Chinafastener.com will attend the exhibition with stand NO. 3503, while / Industrial Directory of Chinese fastener/ and / Chinafastener/ Quarterly will be well distributed here, promoting the communication between Chinese fastener suppliers and global buyers.   According to official person of Guangzhou Julang Exhibition Design co., ltd, the product scope of this exhibition include Fasteners, parts and products for linking:\bolt\nut\ screw\rivet\column bolt\gasket\assemblyunit\coupling and the related products; Fastener production equipment (forming machine,cold mound machine,end cutting machine, heading machine, rubbing gear machine, tooth rolling machine,strethching machine,wire drawing machine,automatic screening machine,vibration plate etc) and screw mould; Matching raw materials for fasteners and spring production(spring steel wire,stainless steel wire);spring equipment (numeriacal control rubs the reed machine,testing machine etc); Tools for fastener application and fastening system; detecting apparatus and machinery, all kinds of parts and the related technology and equipments; washer and equipment.   It will be a good harvest for us. Looking forward to meet you in the 9th China (Guangzhou) International Fastener, Spring & Equipment Exhibition

By unknow| 2008-06-12 00:00:00

It is reported that during the 5th China International Steel Congress, hosted by CISA and organized by Metallurgical Council of CCPIT recently Mr Xu Lejiang board chairman of Baosteel made a theme speech at the Congress, titled Advancing Merging & Recombination to Achieve Green Development of China Steel Industry. At the conference Mr Pu Haiqing member of National Congress Standing Committee, Deputy Director of Environment & Resources Council and Advisor of CISA; Mr Zhang Xiaogang chairman of CISA, Advisor Mr Wu Xichun, Mr Weng Yuqing Director general of the Chinese Society for Metals, Mr Luo Bingsheng managing Deputy Chairman of CISA, Madame Xie Qihua former Chairwoman of Baosteel and Chairwoman of Metallurgical Council of CCPIT, and Mr Ian Christmas, Secretary General of IISI etc were present. Mr Xu Lejiang elaborated the green development of steel industry in an all round manner in his theme speech. He pointed out that the conversion of the functions and developing scales of steel enterprises must be achieved to fulfill the green development of steel industry. Merging and recombination is an important way to green development strategy of China steel industry. Mr Xu made a brief introduction to Baosteel experiences in practicing green development through merging and recombination, Baosteel achieved the synchronization between replacement of the lagged behind and green development, scale expansion and green development and optimization of the overall arrangement and regional economic development. The report was highly appraised by the experts at the Congress. China International Steel Congress is a high level international conference mainly for study and exchange of the deep level, overall and strategic issues in the development of steel industry. It is an important platform for CISA to promote foreign exchange & cooperation and healthy development of the industry, which enjoys good reputation and wide influence at home and abroad. The Congress is a biennial event. The theme of this session is "Green Steel" with 4 topics namely, structure regulation, policy & macro economic environment, technical innovation and green application.

By unknow| 2008-05-30 00:00:00

China's top steelmaker Baosteel has announced that it will suspend color coated steel exports in June and July 2008 to meet the country's internal demand mainly from regions hit by the earthquake. Besides export suspension, Baosteel will also negotiate with domestic buyers to suspend shipments to August 2008. It will also keep color coated steel price firm despite jumping production costs. Baosteel official said "More color coated steel supply is BaoSteel’s biggest support to the quake hit regions. The steelmaker has signed supply contract of 38,000 tonnes with 10,000 tonnes put into production in advance.” The released added that Chinese government has ordered to construct 1 million pre fabricated houses in Sichuan meet the needs of the quake survivors and Baosteel is responsible for the supply of color coated steel. Baosteel decided to donate color coated sheet houses valuing CNY 50 million in the first lot after the earthquake which will consume 3000 tonnes of color coated steel.

By Ella| 2008-05-30 00:00:00

Short after the 28th National industrial fastener show/ East, www.Chinafastener.com attends Hardware+ Tools (Middle East) held in Dubai on 25-27, May, 2008. Let us experience the show and step into the Middle East market together.   Though it is not very crowded in the hall, according to some fastener exhibitors, they have got some big orders in the spot. It is a harvest season for the exhibitors.   The booth of www.Chinafastener.com is also a spotlight in the show. It has abstracted a lot of visitors to com by. Most of them are very interested in our quarterly /Chinafastener/, pointing that it is a good channel for them to learn more about China market, “it is really helpful for our business”, which make us more confident in our future work. We have spread our quarterly o every buyer here.   During the stay in Dubai, www.Chinafastener.com also visits Dragon Mart, the biggest Trade platform in Dubai organized by China Government in oversea. It is China’s largest trade and distribution center in Middle East. We are very happy to meet some Chinese enterprises here, such as Hefeng Standard Component Shanghai Co., Ltd. and Ningbo Zhonglian Fastener MFG Co .LTD.   www.chianfastener.com will continue to take part in more industrial activities in the near future, helping Chinese fastener enterprises to promote their products at home and abroad.

By Ella| 2008-05-27 00:00:00

In February, 2008, Jiaxing fastener import and export association forms a delegation and initiates some lobbying activities in EU for non-damaged defense against EU antidumping investigation, which causes to high attention from fastener industry and media at home and abroad. Jiaxing delegation participated in non-damaged defense hearing on Carbon steel fastener antidumping investigation held in Brussels, Belgium ,the European Commission headquarter, on the morning of May, 16th.       Market economy status is the key factor for respondent enterprises to get lower dumping rate. According to EU antidumping proceedings, the European Commission will offer the primary judgment on damage and dumping on August 9th, the final judgment in next February. However, related report from EU shows that all market economy status applications from Chinese respondent enterprises are rejected. It is very important for us to resort to non-damage defense activities. China fastener enterprises can not maintain the EU market unless they win this case.   During the hearing, Jiaxing defense team presented the defense reasons:   1. Raise doubts about the qualification of the prosecution: the prosecutions are not typical of its kind.   2. The prosecutions intend to won the market competition through resorting to trade relief means in the form of antidumping investigation.   3. During the investigation period, the price of Chinese fasteners does keep increasing. 4. China fastener exports do not cause any damage for EU industry.   5. Antidumping rate on Chinese fastener products is also bad for EU’s interests.   The defense delegation presents a lot of evidences and facts and EU committee’s six officials in the hearing also show great interest on this evidences. The delegation also paid a visit to two main prosecutions in Italy, hoping to reach mutual understanding through dialogue and communication.