By CFM| 2024-12-09 16:42:08

On November 26, 2024, Bufab finalized the acquisition of VITAL S.p.A., a leading Italian C-parts distributor. Founded in 1975 as a family-run business, VITAL S.p.A. is headquartered in Milan and specializes in serving industries such as electrical, mechanical, railway, and construction. In recent years, VITAL S.p.A. has demonstrated rapid growth, achieving net sales of €48 million in 2023, and exceeding Bufab's 2026 profitability target with its operating profit margin. Bufab, a Swedish company established in 1977 and operating in 28 countries, is a key player in the fasteners market for electronic products. Bufab believes that this acquisition will strengthen its business in Italy and enhance its service levels. Figure: Mr. Yang Junfeng, Chairman of CFM, accompanied Secretary Ma Hongguang of Yongnian District and others to visit VITAL in March 2023.  

By chinafastener.com| 2024-01-24 18:06:46

The Chinese stainless steel fastener manufacturer, Tengda Technology, located in Shandong Province, went public on January 19, 2024, on the Shenzhen Stock Exchange with an initial public offering (IPO). On the first day, the market value of Tengda Company reached 5 billion RMB (approximately 710 million USD), surpassing the previously listed carbon steel fastener manufacturer, Gemyear. Tengda is the first publicly listed company in the Chinese fastener industry in 2024.  Tengda Technology is going to attend the 14th Fastener Expo Shanghai on March 20th. Booth number 2A602. Alongside Tongming and Aozhan that are both located in Zhejiang Province, Tengda is one of the top three stainless steel bolts and nuts manufacturers in China.  

By ChinaFastener.com| 2023-05-18 11:22:56

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

By ChinaFastener| 2023-04-22 00:00:00

By ChinaFastener| 2023-04-20 00:00:00

Established in 2003, Ningbo ABC Fastener Co., Ltd. (hereinafter referred to asNingbo ABC”) has been gone through thick and thin for 20 years by 2023. They havebeen in the same boat for 20 years, and they have forged ahead hand in hand, For 20years, despite the wind and rain, they have moved forward bravely and worked hard toachieve today's fruitful results. Years of development attribute to the painstaking effortsof Ningbo ABC's staff. Facing the increasingly fiercemarket in the fastener industry, chairman Mr. BudimanNiomin said that Ningbo ABC has always kept pace ofthe development of the industry and made changes timelyRegarding the equipment, it's been upgraded iterativelyfirom manual to semi-automatic. and then to fully automaticFacing the ever-changing market, Ningbo ABC has beenimproving step by step, increasing production capacity.reducing costs and improving quality. Products are the lifeblood of business. In termsof products, Ningbo ABC mainly focuses on anchorsespecially geckos for car repair, which have very good loadbearing capacity, high safety index, and powerful functionsThey are widely used in many devices. Specifications ofNingbo ABC's geckos can reach M24X300,1X12' at onetime. Such product earns customer's trust for considerableadvantages in price and quality. The quality of the product has been guaranteed, sohow about the output? lt is learnt that the current outputof Ningbo ABC is about 1200 tons per month, whichare suflicient to meet market demand, The products artexported to more than 100 countries, including SouthAmerica, Burope and Southeast Asia Facing such a huge overseas market, let's talk aboulwhether it was affected by the epidem ic last year, MrBudiman said that it is inevitable to be affected by thegeneral environment, but Ningbo ABC has been in thtindustry for many years and it is supported by seasoneccustomers. Last year, Ningbo ABC adjusted its strateg!according to the market expanding its overseas salesdepartment , in order to increase sales, The result was good At present, thedeyelopment enyironmentof China fasteners is alsostable with changes. Asone of fastener enterprisesMr. Budiman deems thatthe situation of the fastenerindustry is relativelydifficult. Main reasonsinclude the rising prictof natural gas due to theBuropean war big variationof the exchange rate due to US continuing to mise interest iates, Fastener industry isimpacted as a whole, but at the same time Mr. Budimanis also full of hope for the future, and believes that it willbecome better in 2023. The current market environment is slowly opening upgiving fastener companies more room for developmentAs the helm of the company, r Budiman expressed thalhe would always pay attention to the changes in the wordsituation consider to participate in foreien exhibitionsyisit customers more frequently and promote throughmagazines. In the new year, Ningbo ABC will continue toimprove automation to replace labor and reduce labor costsAt the same time. Ninebo ABC will continue to promotethrough advertisements and exhibitions to expand themarket share. Standing at the starting point of the new year and onthe new joumey, Ningbo ABC is full of confidence and willcontinue to make great strides. At the same time, embractthe dream while keep the feet on the pround, and write anew mileage chapter in fastener industry.  

By chinafastener.com| 2023-03-01 00:00:00

Interview with Mr. Wu Busong, Vice General Manager of Sailuk Rivet Co., Ltd. Founded in 1990, Sailuk Rivet Co., Ltd. (hereinafter referred to as “Sailuk”) is a large-scale enterprise integrating production and sales. Relying on a professional sales and technical team, Sailuk provides customers with advice and high-quality services, and provide riveting solutions applied to different riveting environments for automotive industry and industrial application industry. So far, Sailuk has provided riveting solutions for major manufacturers and subsidiaries such as CRRC, China Nuclear Power Group, GAC Honda, Etnit, IKEA, Siemens Electric, Samsung Electronics, and has become the only designated riveting supplier for FAST, the largest radio telescope in China, and the Hong Kong-Zhuhai-Macao Bridge. With more than 20 years of accumulation of production skills, the quality of Sailuk Rivet has been recognized and trusted by domestic and foreign customers from Europe, Germany, Japan, the United States and other countries. Sailuk focuses on the development and production of pop rivets, with up to 20 types of rivets and nearly 4,000 product specifications. The complete range of products depends on the contributions of R&D department.   Impacted by the COVID-19 in 2022, Mr. Wu said that foreign customers have not come to China for three years. During this period, Sailuk actively developed online video channels to solve customers' problems online timely. At the same time, Sailuk invested more in its own production and management, expanding production capacity, and providing customers with faster delivery. Facing the uncertain environment, Sailuk insisted on providing high-quality products and services by adjusting strategy timely. In order to improve the quality of products and strictly control the quality, Sailuk has established a testing center, equipped with professional testing equipment such as spectrometer, hardness tester, projector, salt spray tester, computer tensile machine, vibration tester, jacking force machine, 80 imported or domestic multi-station cold pier equipment , 40 high-speed nail making machines, 30 thread rolling machines, 40 assembly machines, and 8 advanced optical selection machines. At the same time, Sailuk ensures the accuracy of the test data of the product performance, provides customers with reliable test or calibration data, guarantees the product quality to meet the needs of the automobile, electric cabinet, electrical appliances, high-speed rail and other industries. Faced with the complex market environment, Sailuk has always focused on producing rivets, closely monitoring each production process, and providing customers with high-quality product and services. In 2023, Sailuk will continue to pursue its dream and usher in a new era with high efficiency, high quality and high reliability services.

By Will Lowry| 2022-08-08 09:58:40

Bossard Deutschland GmbH has announced Dr Daniel Philippe Stier as managing director, succeeding Florian Beer – who is taking a sabbatical at his own request in order to subsequently face new challenges. Dr Frank Hilgers, the second managing director of Bossard Germany – who also works as area manager/CEO of Bossard North Europe, remains with the company. After graduating with a degree in business mathematics from the University of Ulm, and doctorate from the University of Hohenheim, Dr Daniel Philippe Stier first worked for a well-known car manufacturer and then for a management holding company for the Saarland steel industry, most recently as head of risk management. He has held various positions at Dillinger Hütte since 2016, including sole managing director of Dillinger Hütte Vertrieb GmbH and chairman of the supervisory and advisory boards of various sales companies worldwide. "Together with Bossard CEO Dr Daniel Bossard, I am very happy that in Daniel Stier we have gained a very experienced manager with the perfect combination of high professionalism, impressive personality and a strong ethos of values and responsibility,” comments Dr Frank Hilgers. “Without a doubt, we will continue to write the success story of our company together with the entire team. Our thanks go to Florian Beer, who recently did an outstanding job with the merger of three companies into one Bossard Germany.” Since March 2022, KVT-Fastening GmbH, BRUMA Schraub- und Drehtechnik GmbH and Bossard Deutschland GmbH have been operating under the name Bossard Deutschland GmbH.  

By Will Lowry| 2022-08-05 09:54:04

The conversion and expansion measures will once again significantly strengthen Berner Group’s position as the leading B2B specialist in the region Central North, which, in addition to Austria, includes the markets of Germany, Switzerland, Denmark, Sweden and Norway. "We will continue to invest in 2022 and will consistently push ahead with our group-wide logistics offensive," announces Robert. In the course of its major European projects, Berner Group has already invested €60 million euros in the past two years. In addition to Braunau, the warehouse logistics were also extensively modernised in Kerkrade, the Netherlands (headquarters for the BENELUX countries, European central and import warehouse), at the headquarters in Künzelsau (Berner Germany), at Caramba Chemie in Duisburg, Germany, as well as at BTI Befestigungstechnik in Ingelfingen, Germany.

By Will Lowry| 2022-08-04 09:55:59

Berner Group has implemented the next important building block in its European logistics offensive, with a new fully automated high-bay warehouse now operation in Braunau am Inn, Austria.  With an investment of almost €6 million in this major project, as well as in further conversion and expansion measures at its Austrian subsidiary, Berner Group has been able to increase the logistics capacity of the site by around 1,000m2 of floor space and 5,500 additional pallet storage spaces.  "We are proud that we managed a precision landing despite the generally difficult raw material and supply situation on the world market," says Robert Kühl, who as Chief Supply Chain Officer is responsible for the logistics division at the Berner Group. "The modernisation was implemented completely and without delays within the budget plan." "Thanks to full automation, including order picking and other targeted improvements – such as a more direct connection to the other sections of the logistics centre, the throughput time of the products has been reduced by about 50%, so that we can now store and retrieve almost twice as many pallets per hour," reports Robert.   

By Will Lowry| 2022-08-02 15:04:22

The transaction between the SFS Group and Hoffmann SE that was announced in December 2021 was completed on 11th May 2022 – meaning that Hoffmann has now been officially incorporated into the SFS organisation.        SFS Group explains that the joining of forces with Hofmann marks a milestone, with the companies’ complementary positioning opening up attractive development opportunities for both. In organisational terms, Hoffmann will operate as an independent division within the Distribution & Logistics segment. Hoffmann’s inclusion at various levels of the SFS organisation will create continuity and lay the foundation for the Group’s successful future development. Hoffmann’s CEO, Martin Reichenecker, will now join the Group executive board of SFS. In addition, Dr Peter Bauschatz, chairman of the supervisory board of Hoffmann SE, will now join the board of directors of SFS.