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.

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.

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).

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.”

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.

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.

By CFM| 2019-04-01 00:00:00

From March 17th to 24, 2019 ChinaFastener.com organized a tour to Germany to observe European market, which members of Global Fastener Trip visited Fastener Fair Stuttgart, Bosch, Porsche Museum, Macdermid Enthone, Wurth and Mercedes Benz Museum.Visted BoschOn March 18th, 2019, members of Global Fastener Trip came to headquarters of Bosch, and they were warmly received.Bosch was established in 1886. There are over 4 million people working for Bosch all over the world. More than 14,000 people work at the headquarters. In 2018, the turnover was 77.9 billion euros, which turnover from automotive field accounted for 61%.At its headquarters, there are 5 automated production lines, and operators of each line is no more than 2 people. Bosch devotes itself to energy conservation. From 2007 to 2017, Bosch saved energy by 50%. Bosch calculates energy needed in every segment of production and keeps track of the data. If the data is abnormal, the cause will be quickly found. In addition, Bosch requires its employees to make working plans at least half a year.Visited Porsche Museum and FactoryAfter that, members of Global Fastener Trip came to visit Porsche museum.Porsche museum was completed in December, 2008. It was open to the public on January 31st, 2009. The bold shape of the architecture reflects the ideas of lightness, intelligentialization, quickness, powerfulness, passion and constantness. Different from other museums, the new Porsche museum represents the fun and diversity of life. It constantly updates the display and rearranges the layout at intervals.Visitors can directly visit the factory from the museum.Fastener Fair StuttgartThe 8th edition of Fastener Fair Stuttgart was held at Trade Fair Centre, Stuttgart, from March 19th to 21st, 2019. Fastener Fair Stuttgart was held every other year. There were 987 exhibitors from 45 countries attending this exhibition. Thousands of people came to see the latest technology and build business relationship.According to statics, European exhibitors were mainly from Germany, Italy, England, France, Turkey, Netherlands and Spain. Asian exhibitors were mainly from mainland China, Taiwan and India. Exhibitors from mainland China included Jiangsu Washen Fastener Manufacture Co., Ltd., Zhejiang Xinchun Fastening Piece Co., Ltd., Ningbo ABC Fasteners Co., Ltd., Brother Holding 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 Guangqingchang Metal Plastic Co., Ltd., etc.According to European Commission, in 2018, value of import that Germany imported Fasteners from China was worth of 288 million euros, with year on year growth of 33.4%. The average unit price increased by 11.65%. value of export that Germany exported fasteners to China was worth of 671 million euros, with year on year growth of 4.95%. The average unit price increased by 7.52%.The next edition will be held from February 9 – 11, 2021.Visited Macdermid EnthoneOn the afternoon of March 21st, 2019, members of Global Fastener Trip visited Macdermid Enthone, a leading company in anti-corrosion electroplate. They were received by Mr. Lammert de Boer, global director of IS ZinKlad, Mr. Alan Gardner, global manager of marketing, and Ms. Jasmin Baker received. During the visit, they learnt something about the ZinKlad project.Macdermid Enthone is a world renowned supplier of surface plating. It devotes itself to providing professional technology and solutions to automotive, aerospace and construction. There are about 4,500 people throughout 50 countries. Products series include anti-corrosion, automotive films, decorative, electroless nickel and hardchrome, etc.ZinKlad is a global quality guarantee plan that provides customers with networks of electroplate professionals. Mecdermid Enthone has cooperated with automotive manufacturers to develop a series of performance standards and approval metrix in order to enable ZinKlad service providers to meet the strict requirement of the products. At present, over 80 selected manufacturers from North America, South America, Europe and Asia are supporting ZinKlad project. Visited WurthOn the morning of March, 2019, members of Global Fastener Trip came to headquarters of Wurth. They were warmly received by Mr. Reinhold Wurth, chairman of Wurth. At the headquarter, members of Global Fastener Trip listened to Wurth’s marketing report, visited its logistics systems, laboratories and museums. Wurth was established in 1945. At present, there are over 1.5 million kinds of products for sale. More than 400 companies are located in 80 countries. Every day, there are more than 33,000 salesmen serving over 300,000 customers. Main products of Wurth includes fasteners, tools and chemical products.As reported, in 2018, turnover of Wurth was 13.6 billion euros, with year on year growth of 20.7%. Gross margin was 870 million euros. At present, sales in Europe accounted for 68% of the turnover. In the future, Wurth will increase the purchase percentages from China once policies loosen.Visited Mercedes Benz MuseumAfter that, members of Global Fastener Trip visited Mercedes Benz.Mercedes Benz Museum is one of the oldest museums in the world. The museum collects over 160 cars, including the first car named Mercedes Benz, new models of racing cars, engines of the cars that broke a record, and a large amount of documents and parts. The museum has been open to the public since May 20th, 2006.There is an independent exhibition hall called the Charm of Technology. In this exhibition hall, visitors can have a general idea on the daily routine of engineers and developers, and see the past, present and the future of Mercedes Benz.In 2019, ChinaFastener.com Global Fastener Trip will organize trips to Australia, Southeast Asia, Japan, and other countries to observe overseas markets.

By CFM| 2019-03-20 00:00:00

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 ChinaFastener.com came to this fair with ChinaFastener Magazine 華人螺絲.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.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., LtdZhejiang 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.WurthAccording 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.”BoschAccording 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.”ChinaFastener.com 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.

By CFM| 2018-11-03 00:00:00

On October 31st, 2018 (local time), US International Fastener Expo had its Grand Opening in Las Vegas. This expo lasted for two days. 684 famous enterprises from 18 countries were on spot, which were mainly from Canada, Taiwan, Mexico, mainland China, India, Japan, Australia, the UK, Germany and Italy, etc. There were 240 enterprises from mainland China and 99 enterprises from Taiwan. Hong Kong Screw and Fastener Council also attended this expo. Hong Kong Screw and Fastener CouncilLin Zhiming, forever honorary chairman of Hong Kong Screw and Fastener Council, told ChinaFastener.com that the aims of this trip were to help small and intermediate enterprises of Hong Kong screw and fastener industry to promote their capability and strength to the European and American market, and assist small and intermediate enterprises entering high value-added market of European and American market. With this hope, they also brought some samples relating to aviation and medical treatment.Hu Huiyi, chairman of Hong Kong Screw and Fastener Council, stated that this trip received overwhelming support from Hong Kong screw and fastener enterprises. In the future, Hong Kong Screw and Fastener Council would organize more activities like this, in order to provide more chances for Hong Kong screw and fastener enterprises to develop international markets.Many famous Chinese enterprises attended in this expo, including Jiangsu Washen Fastener Manufacture Co., Ltd., Beijing Jinzhaobo High Strength Fastener Co., Ltd., Dongtai QB Stainless Steel Co. Ltd., Foshan Guangqingchang Metal Plastic Co., Ltd., Haiyan Guangda Hardware Co., Ltd., Jiaxing Xingxin Standard Heat Treatment Co. Ltd., Ningbo Echo Fastener Factory, Shanghai Fast-Fix Rivet Corp., WAFIOS (Shanghai) Machinery Co., Ltd., Suzhou YNK Fastener Co., Ltd., Yuyao Xintai Harddware Co. Ltd., SRC Metal (Shanghai) Co. Ltd., etc. Jiangsu Washen Fastener Manufacture Co., Ltd.Beijing Jinzhaobo High Strength Fastener Co., Ltd.Dongtai QB Stainless Steel Co. Ltd.Foshan Guangqingchang Metal Plastic Co., Ltd.Haiyan Guangda Hardware Co., Ltd.Jiaxing Xingxin Standard Heat Treatment Co. Ltd.Ningbo Echo Fastener FactoryShanghai Fast-Fix Rivet Corp.WAFIOS (Shanghai) Machinery Co., Ltd.Suzhou YNK Fastener Co., Ltd.Yuyao Xintai Harddware Co. Ltd.SRC Metal (Shanghai) Co. Ltd.During the opening of the expo, many concurrent workshops were held, which the topics were relating to technology innovation, policies, production management, industry development and industry know-how, etc. Through listening to the speeches of leaders of the industry, audience absolved the cutting-edge knowledge at a very short time. Many audience thought they learned a lot from the workshops.The US is the third biggest export market for Chinese fastener industry, while China is the second biggest import market for America. However, on September 18th, 2018, US government declared that since September 24th, 2018, tariff on goods worth of 200 billion US dollars imported from China would increase by 10%. Since January 1st, 2019, tariff would increase by 25%. Industries of aviation, information technology and machinery are on the list. When being asked about whether Sino-US trade war has affected their business, some Chinese exhibitors mentioned that they were indeed affected, so they were still considering whether to attend the next US International Fastener Expo.On SpotOn the contrary, American buyers were rather worried about this situation, because most of their goods were from China. If more and more Chinese suppliers exited from US market, their purchase may be serious affected. At present, fastener industry remains depressed. Both exhibitors and buyers agreed that they would face greater challenge next year.Buyer and ChinaFastener.com Journalist Buyer and ChinaFastener.com JournalistTo be exact, the impact of Sino-US trade war will not appear overnight. What enterprises should do is to well prepare for it. For example, large enterprises may build plants overseas, and small business may develop domestic market or new export market.During the exhibition, many exhibitors and buyers showed keen interest in th 24th issue of ChinaFastener Magazine, and some buyers even hoped that ChinaFastener.com could introduce more suitable suppliers to them. So far they have not yet planned to swift to South-Asia market. Is the Sino-US trade war an opportunity or challenge for Chinese fastener enterprises? It all about how you react.The next US International Fastener Expo will be held from September 17th to 19th, 2019.For additional information, please contact ChinaFastener.com at (+86-20)82270680, email editor@chinafastener.com or visit the website at www.chinafastener.com. 

By CFM| 2018-10-31 00:00:00

On October 30th, 2018, Korea Metal Week 2018 had its grand opening at Kintex, the biggest and newest international exhibition center in Seoul. Exhibitors from around the world got together and discussed the development of the industry. ChinaFastener.com (booth number: 3G166) had a close conversation with many buyers and exhibitors and presented our latest issue of ChinaFastener Magazine. This exhibition lasts for 4 days, and it will be closed on November 2nd, 2018. Korea Metal Week 2018 comprises eleven well-organized fairs integrating all metal production technologies such as Fastener & Wire Korea, Composite Korea, Pump Technology Industry, Laser & Welding Korea, Aluminum Korea, Foundry & Die Casting Korea, Automobile & Machine Parts Korea, Press & Forging Korea, Tube & Pipe Korea, Metal Surface Treatment & Painting Korea, and 3D Technology Korea.ChinaFastener.com Boot Number: 3G166Korea Metal week started in 1989. Today, it is Korea’s most important trade fair for the metal industry. Korea Metal Week 2018 attracted more than 350 exhibitors. There are 68 exhibitors in Fastener & Wire Korea. 18 of them are from mainland China, including Suzhou Washen Import & Export Co. Ltd., BSC Corporation Ltd., Jiashan Jiarui Fastener Co. Ltd. and Shanghai UAZNC Precision Technology Co. Ltd, etc.Suzhou Washen Import & Export Co. Ltd.BSC Corporation Ltd.Jiashan Jiarui Fastener Co., Ltd.Shanghai UAZNC Precision Technology Co. Ltd.Other Chinese ExhibitiorsMainland China and Korea have built a close business relationship for many years, and mainland China is the biggest trading partner of Korea. However, Korean government planned to imposed 4.43% - 15.71% anti-dumping duty on zinc-coated low-carbon steel wire against enterprises from mainland China in 2017.In spite of this, most exhibitors from mainland China stated that mainland China and Korea had great complimentary needs in resources, labor, industrial structure, markets, capital, technology and corporate management. These factors have built a solid foundation for the bilateral FTA in the future. Therefore, what enterprises should do right now is to upgrade their products to make their products more competitive in the international market.As the world’s 11th largest economy with a trading volume ranked 6th in the world, Korea plays a key role as a test-bed market and bridge to the Asia Pacific region’s major economies. It is estimated that in 2016 there were around 463 fastener manufacturing enterprises with an average output value of 8.8 million US dollars.Through communication with the buyers on site, ChinaFastener.com learned that the Korean average individual output value decreased in 2018. This was mainly due to the pressure imposed by the US and the increasing output value of overseas manufacturing enterprises. In particular, display device industry was rather depressed.Walking around, chinafastener.com found that fastener products displayed by Korean exhibitors were mainly automotive fasteners, while products displayed by Chinese exhibitors were mainly construction fasteners, such as gear rack, self-drilling screws and expansion bolt, etc.Fastener Products Korea Metal week 2019 will be held from June 19th – 21st, 2019. If you are interested in Korean market, this exhibition is worth visiting.For additional information, please contact ChinaFastener.com at (+86-20)82270680, email editor@chinafastener.com or visit the website at www.chinafastener.com.