CFM at M-Tech Osaka, Witnessing China’s Fastener Enterprises to Expand

By CFM , 2015-10-09 01:51:04

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The 18th edition of M-Tech Osaka declared open on October 7, 2015 at INTEX OSAKA in Japan, starting its three-day exhibition. Simultaneously, there were another four exhibitions held at the same place—the 18^th DMS OSAKA, the 2^nd METAL OSAKA, the 3^rd PLASTIC OSAKA and the 3^rd FilmTech OSAKA.

As a media partner of M-Tech Osaka, ChinaFastener.com attended this grand fair with the latest issue of ChinaFastener Magazine, witnessing the fiery scenery on site. Based on the data collected by CFM Journalist, the overall number of exhibitors reached to 1,100 with 940 of which were local Japanese entrepreneurs. Overseas exhibitors included entrepreneurs from Mainland China, Taiwan, Korea and Thailand, etc. The numbers of these overseas exhibitors were 47, 40, 19 and 17 respectively.

ChinaFastener Magazine at M-Tech Osaka

Officially announced by the organizer, the number of visitors totaled 11,000 in the first day of exhibition. Among all the visitors, most of them were Technicians in the fields of Design & Research, Manufacturing, IT, and Production Management; QA Inspectors; Purchasing Staffs; Enterprises Operators; and Sales Representatives. Onsite communication with local Japanese entrepreneurs, CFM Journalist learned that Japanese enterprises would procure Bolts and Nuts from China when there were fewer requirements of the techniques and quality. By contrary, when it came to the high-tech and high-quality fasteners, Japanese enterprises inclined to purchases fasteners from local Japanese companies.

Sluggish economy, depreciate currency and fluctuate exchange rate were parts of the reasons that obstructed the Japanese enterprises to import fasteners from China. In 2010, the Yen-Yuan exchange rates were 13.1:1 and in this year, the exchange rates turned into 18.3:1.

To expand the overseas market, premium export-oriented fastener enterprises from China also attended this grand fair. Parts of these exhibitors were Chinafar, Ningbo ABC, Zhejiang Zhoushan Zhengyuan, Zhejiang Lianxiang, Haiyan Yuxing, Ningbo Jinding, Ningbo Chenglong, Haiyan Tongcheng, Hangzhou Spring Washer, Ningbo Qunli, Grand Industrial, Dongtai City Chirui, and Wuxi S-Fix, etc.