Fasteners industry has been a pillar industry of Haiyan County, Zhejiang Province. In order to optimize the industry, Haiyan government has launched a three-year plan on renovating and improving its fasteners industry. It tries to “improve one group of companies, assemble a group of companies and close a group of companies” to further push the development of “Three Excellencies of Haiyan”.

Improving a group of companies means the government encourages qualified companies within the “renovation range” move to fastener industry agglomerations or industrial zones actively, therefore, they could be operated under the management. Companies in current agglomerations or industrial zones shall aim at developing themselves from a small company to be a listed company through increasing input, improving the science and technology and enhance management and other measures.

Assembling a group of companies means the government encourages government of towns or villagers could build or expand agglomerations or industrial zones based on the local development and plans to attract more qualified companies to set up their companies in those agglomerations or industrial zones.

 Closing a group of companies means the government will list a group of companies in “Renovation List” which will bring serious environmental pollutions and has a bad operating situation. The government will close some of these companies which are not willing to go to those agglomerations or industrial zones or are not eligible to enter those agglomerations or industrial zones step by step according to the plan.