Gem-Year Industrial Co., Ltd is the leading enterprise in China’s fastener industry, which mainly work on the production and sale of fasteners, Tungsten steel mold, hardware, steel wire drawing, railway fasteners, bolts, screws, nuts, washers, and other fasteners as well as connectors.

Gem-Year Industrial released on May 17th, 2012 that it had won the bid of railway fasteners for the Huang Han Hou railway of Xi’an Railway Bureau which was worth RMB Y 36 million Yuan. It was learned that this was the third time for Gem-Year Industrial to win the bid of railway fasteners.

The other two bids of railway fasteners were for underground diameter line of Tianjin West station to Tianjin station of Beijing Railway Bureau and costal railway expansion of Nanning Railway Bureau, in the value of 5.96 million Yuan and 25.6 million Yuan respectively.

Being affected by the slow growth rate of railway construction in 2011, Gem-Year Industrial faced with great market risk. However, some industrial experts pointed out that 2012 would be the speedy growth period of high-speed rail construction; with the increased fastener orders for high-speed rail, Gem-Year Industrial would release more capacity and improve its operation. Meanwhile, the demand for auto fasteners will also be strengthened, providing a promising development future for fastener enterprises.

About Gem-Year Industrial Co., Ltd
Gem-Year Industrial Co., Ltd. was established in Nov. 1995, with a total capital stock of RMB 738,470,000, leading the fastener manufacturer in China. The factory is located at Jiashan Zhejiang province which is the neighborhood of Shanghai, covering an area of 300,000 square meters with a built up area of 170,000 square meters. Gem-Year has its own wharf and auto warehouses with a capacity to store 100,000 metric tones of goods, and more than one thousand units of different imported automatic production machines and inspection equipments.

As the headquarter of Gem-Year Group, Gem-Year Industrial Co., Ltd. keep optimize and extend the industries, invested and established Jinn-Well Auto-parts Co., Ltd., Gem-Kai International Trading Co., Ltd., Guangzhou Gem-Year Auto-parts Co., Ltd., Gem-De Co., Ltd., and has been listed on Shanghai stock exchange in January 2007, the stock code is 601002.