By Ivan Su| 2018-06-21 00:00:00
By Ivan Su| 2018-06-20 00:00:00
By CFM| 2018-05-18 00:00:00
By CFM| 2018-05-11 00:00:00
By China Fastener Magazine ,2019-05-15 00:00:00
Due to the upgrade of China-US trade war, China’s fastener manufacturers do not expect too much on American market, although the U.S. is still the biggest export destination of China, and this situation will not change in a short term. However, developing European, Southeast Asian or even African markets has become hot topics in fastener industry. Meanwhile, getting quotations through E-mails is far from efficiency, importers need to know the price fluctuation of China’s exported goods in a faster and more convenient way. Therefore, e-commerce platforms emerge as the times require. Recently, a fastener e-commerce export platform named INDUSTBOX (WWW.INDUSTBOX.COM) works with more than 200 manufacturers to provide a easy service for buyers. The price, date of delivery, and the minimum order will be seen on the platform. In addition, the goods are classified by standards. Buyers can directly get a quotation from any manufacture as soon as joining the platform. At present, the number of manufactures is increasing rapidly. China’s domestic e-commerce platforms for industrial products face fierce competition. Dozens of e-commerce platforms are selling industrial products, including screws and nuts. They all want to create a miracle like ALIBABA. It is expected that such new platforms will develop with the trade war. After all, China has the most complete industry chains in the world and the quality of the products is good with a reasonable price.
By Xin Zhiming ,2019-03-28 00:00:00
Profits of China's industrial firms posted their biggest fall in the post-global financial crisis era in the first two months of this year, official data showed on Wednesday.Analysts said this a reflection of the overall weakening economy, but profit growth of those firms may gradually pick up starting from the second quarter as the country's supportive policies take effect.Profits registered by the country's industrial firms in the January-February period fell by 14.0 percent year-on-year to hit 708.01 billion yuan ($105.4 billion), the National Bureau of Statistics (NBS) said on Wednesday. It marked the biggest slump since May 2009.The data combines figures for January and February to iron out possible distortions as a result of disrupted economic activities during the annual weeklong Lunar New Year holiday. The festival falls either in January or February.After deducting the effect of the Lunar New Year holiday, which started from early February this year, the cumulative profit growth of industrial firms in the first two months was largely at the same level as that a year ago, said Zhu Hong, a senior official of the NBS.The falling profit growth in some major industries, such as auto, oil processing, steel and chemicals, accounted for almost all of the profit growth slump of industrial firms, said Zhu.The sharp decline in industrial profits reflected the weakening in growth of the world's second-largest economy, which expanded at 6.6 percent year-on-year in 2018. The government has taken a number of measures, such as injecting liquidity into the market to facilitate financing of manufacturing industries and small enterprises and increasing infrastructure investment, to boost growth."The profit growth of industrial firms in the first two months of this year is in line with the falling trend seen since late last year and it is a reflection of the downside economic growth pressure," said Hu Chi, a researcher at the research center of the State-owned Assets Supervision and Administration Commission.The central government has vowed to cut taxes and fees and expand effective investment to keep the country's economic growth within 6 percent and 6.5 percent this year, according to the Government Work Report released at this year's session of the National People's Congress.Central departments are implementing the policies put forward in the report, which will boost industrial production and economic growth, Hu told China Business News.In the past, whenever China witnessed negative corporate profit growth, it accelerated infrastructure investment, loosened restrictive real estate policies and cut taxes to boost growth, said a China Merchants Securities research report. "We expect industrial profit growth to gradually pick up starting from April and become positive in the second quarter of this year."Source: China Daily
By CFM ,2019-03-25 00:00:00
On March 21st, 2019, Sichuan Province, China announced important projects and name lists of enterprises that received special care, which included 500 important projects in the “5+1” industries. The total investment is 1.02 trillion RMB, relating to equipment manufacturing, advanced materials and energy and chemical industry.Sichuan Province is located in the southwest of China. In 2018, its GDP was over 4 trillion RMB, with year on year growth of 8%. In 2018, Sichuan government put forward “5+1” modern industry system, which means 5 core industries worth of trillion RMB plus data economy. 5 core industries includes electronic information, equipment manufacturing, food and beverage, advanced materials, energy and chemical industry.Mr. Liu Shaomin, deputy director-general of Sichuan Economy and Information Office, stated that this batch of projects were mainly in advanced manufacturing field. There are three features of these projects. First, it focuses on high-quality development, addresses week links, builds solid foundation, and upgrades advantageous industries which enable them to sell to mid-to-high end markets. Secondly, some projects are crucial to Sichauan industry strategies. Thirdly, traditional industries are being upgraded by new technologies, new commercial activities and new modes of operation, while new industries are being cultivated as a new engine for upgrading industries.
By Abhijat Sanghvi ,2018-08-23 00:00:00
Chennai, Tamil Nadu –Sundram Fasteners Ltd (SFL) is aiming towards growing its exports in the next five years to half of its total business, according to Arathi Krishna, Managing Director, SFL. Currently, exports make for about a third of the company’s business. “Out of our 30 percent export portfolio, about 80 percent is to North American automotive companies, and we would look to expand our business more there in the coming years,” she said.The five-decade old company, which supplies fasteners to all the major vehicle manufacturers, is in works with most electric vehicle manufacturers to understand the shift towards hybrid electric vehicles. “Up to 30 percent of Sundaram’s portfolio would be affected by an overnight shift to electric vehicles. But hybridisation to electric will take a while,” stated Arathi, adding that a sizeable transition from traditional motor engines to low-carbon electric mobility will happen only by 2040.Source: Fasteners Association of India
By CFM ,2018-05-24 00:00:00
On May 23, 2018, the government of Dainan Town posted an announcement at The Conference for Rearranging and Closing Stainless Steel Intermediate Frequency Furnace of Dainan that all operating furnance in Dainan Town must be shut down on 0:00 a.m. of May 24, 2018, as well as all furnance in Taizhou, Jiangsu Province. The announcement has a significant influence in stainless steel fastener manufacturers of Dainan. The price of stainless steel in the market increased by 1000 Yuan per ton.
By CFM ,2018-03-30 09:19:17
On Mar. 29, 2018 Spring Reception of Fastener Industry Association of Guangdong Province was held at Foshang Luhu Interntanional Convention Center. A total of 500 people in China attended the Reception including experts, suppliers, distributors, materials suppliers, purchasing agents, fastener making machines suppliers, representatives of associations and media companies in China fastener industry.On the afternoon, the guests brought their product samples and brochures to displayed their companies before the official meeting. The official meeting began at 5:00 p.m., with the speech of Mr. Chen Jutian, president of Fastener Industry Association of Guangdong Province. He expressed his ideas in the development of fastener industry. He said, the development and popularity of the Internet and E-commerce brought new opportunities to fastener industry. However, fastener industry is somewhat different from other industries. He hoped all fastener companies could keep developing new products and technologies to upgrade their companies.Mr. Chen JutianFollowing the speech of Mr. Chen, Yao Haiguang, executive vice-president of CHINA GENERAL MACHINE COMPONENTS INDUSTRY ASSOCIATION (CMCA) and Mr. Yu Ruyong from CMCA-China Fastener Industry Association addressed the conference.Mr. Yao HaiguangMr. Yu RuyongDuring the conference, the association awarded prizes to new members. Mr. Yang Junfeng, chairman of www.zueqd.icu presented prizes to the members. With the theme of "Discussing about new future of fastener industry", the conference aimed at gather industrial workers to discuss about the topic together to make a better future for fastener industry in Guangdong.
By Abhijat Sanghvi ,2018-08-23 00:00:00
Bengaluru, India – Bengaluru-based manufacturer of precision fasteners, Paragon Fasteners has acquired Kuduma Fasteners Pvt Ltd that manufactures high tensile fasteners and cold headed components for automobile and industrial applications. Kuduma Fasteners is a tier 1 vendor to many Southern India-based auto majors.Kuduma has its presence for more than three decades in the Fasteners industry. The company has an in-house state-of-the-art continuous furnace along with a wire processing facility with a total installed capacity of 300 tonne a month.With almost all machinery from Taiwan, multi-station Bolt Formers with a range starting from M 4 to M 16 with up to 250 mm long (up to M 8), it makes for an ideal facility for a Fasteners enthusiast.The acquisition of Kuduma has added another feather in the Paragon’s cap as it has a major strategic advantage with the above facility, which can be utilized for heat treatment and wire processing too, thereby adding to the bottom line of the company. The highly experienced VS Venkatraman would be heading the competent and dedicated workforce. Established in 1996, with a small capacity for making precision fasteners, Paragon Fasteners today boasts of a large capacity and range to produce precision fasteners in both ferrous and non-ferrous metals catering to major OEMs of automobile, machine manufacturers, electronics, electrical, furniture manufacturers, etc. The company has since then acquired some big names in the industry such as Kadimi’s Fasteners Unit (2001), Electronic Fasteners (2008), and EkaEngg Technics (2011-12). The acquisition of Kuduma is the biggest till date. With this, Paragon has carved a niche for itself with the largest range of standard and custom-made import substitute cold forged fasteners and an in-house heat treatment unit and a wire drawing unit.Quote box:The acquisition of Kuduma has been a long-standing dream for us. With this, Paragon has carved a niche for itself with the largest range of standard and custom-made import substitute cold forged fasteners and an in-house heat treatment unit and a wire drawing unit.” Dilip Sheth, CEO, Paragon FastenersSource: Fasteners Association of India www.fastenindia.com
By Optimas ,2018-08-23 00:00:00
In engineering a lot of focus is centred on complex systems and assemblies. Every manufacturer has a specialised approach, or systems that help to define a brand. However, from a logistics point of view, every component is of equal importance. A shortage of a single, small bolt over an entire assembly can cause a production shutdown. Optimas Solutions, a global industrial distributor and service provider of c-class components, employs fasteners experts on the ground at its partners’ manufacturing facilities to combat this. But how do you, as a professional, successfully integrate with these businesses to improve their approach to components and their supply?To define the ideal approach, we spoke to a number of leading Optimas Solutions components specialists regarding their relationship with customers, and the methodologies they employ to become an information source for all fastener concerns.Questioning the normalIan Larkin, Optimas Solutions Customer Application EngineerThe first step of any fastener relationship must be to gain familiarity with the customer’s operations. Past experience in an industry can be important here, but leading manufacturers will enact varying approaches to achieve a finished product, so gauging specific customer requirements is important. Hence the advantage of having a fastener expert on the ground; someone operating off site would not be able to reach the level of understanding required to accurately address specific fastener issues.As a fastener partner, we have to fit an ‘ideal standard’. We are working with big global customers who are driven to succeed, so we have to respect current processes and enhance the policy towards components to the specific requirements of the manufacturer.The easiest way to gauge these requirements is during a line walk. We will travel the entire production line looking at points of use, while asking basic questions to see what we can tweak or possibly improve. This way we can meet the key figures on the line, while also taking a focused approach to tackle fastener problems on the ground. We don’t want to tear up the customer’s rulebook, but if we can point out a cost saving or alternative option to production staff, we will do so.A good example of the benefits this can provide to manufacturers is highlighted byone particular customer.We noticed a washer that wasn’t strictly necessary was being added to a flange screw. We found washers at multiple points of use, so we posed the question to the assembly team. It turned out that during the design of the product, the head engineer had requested the inclusion of washers to improve the aesthetic of the overall product. We were able to demonstrate that the washers were unnecessary for the application, and as a result, delivered an annual cost saving of $30,000 - a massive result when the cost of washers is considered.You can utilise engineering expertise as part of a sales function, but it also adds value to our customers. By making sure that we don’t make presumptions, we start an open relationship with the customer in close proximity. This builds trustand lessens the impact of implementing new methodologies.By getting involved with the product and seeing how it is used, people on the ground can get a deeper insight into possible solutions.Becoming an information sourceGerry Abraham, Customer Application Engineer at Optimas SolutionsA key aspect of integrating with a manufacturer’s operations is responsiveness. Such businesses work in exacting timeframes in all aspects of their work, whether full scale production or prototyping a new product. Fastener suppliers who simply supply components can leave manufacturers with the impression that if a component problem arises, they alone must solve the issue. Optimas Solutions aims to differentiate itself by working together with purchasing, design and engineering teams within the business to aid problem solving.One project comes to mind, which was in relation to design engineering activity for a new diesel engine. A bolted joint for the turbo mounting was backing off during testing. The result was that the turbo itself was coming loose, producing excessive noise in operation. The manufacturer approached us for a solution. We connected the customer with a number of suppliers to help rethink the situation. The customer trialed 3 or 4 recommended locking type fasteners to replace the problem part, before selecting a preferred option. Ultimately, we wanted to give the customer choice and a chance to improve performance, so they could be confident in the part going forward.By undertaking research into component issues and displaying honest knowledge regarding fasteners, an OEM manufacturer can gain increased confidence in a fastener partner. Backed by a personal relationship with the manufacturer’s teams, all component issues will be forwarded to the fastener experts with total confidence.Cross departmental communicationChris Sterner, Engineering Program Manager at Optimas SolutionsCommunicating fastener solutions throughout a business is another primary concern for an embedded fastener expert. This ensures that once a fastener challenge is overcome, the solution is transmitted to other projects where it can be utilised efficiently.By starting this dialogue from the beginning, efficiency and response is improved. In addition, close contact means that specific fastener solutions can be enacted across multiple projects. Open dialogue regarding each other’s projects allows wider implementation of identified solutions, instead of starting from scratch every time a potential problem arises. By standardising solutions, you also deliver cost and efficiency benefits.Consistent presence is important for these customers. We try to breed familiarity by being present at design reviews, which is a lot more beneficial to the manufacturer than simply being on the end of a phone. It also allows us to share solutions, as each fastener problem we solve allows us to convince these varied groups within a business that we can be trusted to deliver.By ensuring a consistent presence, fastener experts can effectively manage the balance between cost, engineering integrity and design efficiency. This means that despite the sometimes conflicting goals of those involved in fastener specification, all concerns can be tackled simultaneously and effectively to enable improved efficiency.Providing guidance on fasteners affects the activities of the purchasing, design, engineering and assembly teams – so being able to balance the requirements of each of these groups is paramount. Regular face-to-face contact is the optimum method, helping to build relationships between teams and delivering a fast response. Ultimately, a fastener expert must communicate across each department to achieve the perfect balance.Going furtherChris Sterner, Engineering Program Manager at Optimas SolutionsBecoming a fully integrated fastener expert means taking the emphasis on component knowledge away from the manufacturer. Manufacturers therefore aren’t required to familiarise themselves regarding available standard parts, availability, material standards or overall usage – enabling time to be spent on other areas of the business. To become this trusted partner, you have to go the extra mile.One story really fits this philosophy. One of our experts was asked to demonstrate some fasteners that were mentioned during a customer meeting. As he didn’t have these samples readily available at the meeting, he took pictures of the fasteners that were installed on his own car. He even took out a number of fasteners from the vehicle so he could share samples with the customer and demonstrate their usage. While quite an extreme approach, it was certainly effective in demonstrating the solution to the customer.The capabilities of the service also goes a long way. Our access to failure mode analysis and full technical studies means we can provide exact answers to tackle fastener application issues. If we don’t have an answer ready for the customer immediately, this capability means we can react as fast as possible with a high technical proficiency. If it’s a unique problem, as fastener experts we can also learn from similar experiences, so the benefits of shared knowledge are also available.Demonstrating the ability to exceed expectation means increased confidence and reliance. This can make a fastener expert more indispensable than a traditional fastener supplier, as customers are confident that any challenge will be met with the same committed and methodical approach.Changing preconceptions on fastenersFasteners are the only assets on a production line that are used uniformly, but with engineering typically focusing on landmark innovations, the emphasis upon them can be diminished. As a fastener expert, challenging this preconception is all part of the job.Chris concludes: “Fasteners may be the most inexpensive components that a manufacturer utilises on a production line, but they are one of the most critical. A lack of fasteners will shut down production just as much as complicated components, so we must demonstrate to our customers that the expertise we deliver can provide reliable service no matter the challenge. It is this philosophy that means we can help support the day-to-day fastener demands of market-leading manufacturers.”About Optimas SolutionsOptimas is a global distributor of fasteners and c-class products. Optimas at its core is a provider of integrated supply chain solutions and engineering support focused on delivering highly engineered fasteners to world-class customers around the world. Optimas has a diverse, global team of approximately 1,600 individuals, over 60 distribution centers, 9 quality labs and 2 manufacturing locations to support the complexities of our customers’ industries, enabling them to achieve their goals and be successful.
By CFM ,2019-05-24 00:00:00
From May 22nd to 23rd, Fastener Fair USA was held in Detroit. Journalist of www.zueqd.icu 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 www.zueqd.icu 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 Optimas ,2018-07-06 00:00:00
Optimas OE Solutions Holdings, Inc. LLC announced in June the acquisition of the US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston, PA. “We are pleased to have Circle Bolt & Nut join our team. We are convinced that this is the right investment for Optimas to expand beyond our current base of business,” stated Anesa Chaibi, Chief Executive Officer. The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities.Jim Castellino, CBN President & CEO, added, “I’m very excited for our company to become a part of the Optimas family. Together we will be able to provide exceptional value to our customers.” As a premier supplier of a wide variety of parts and components, CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing Vendor Managed Programs that utilize state of the art technology. “Circle Nut & Bolt enables Optimas to accelerate our expansion into small and medium sized accounts,” said Christian Wiltrout, President, Americas.The transaction also diversifies the portfolio of Optimas customers across multiple industries. “The addition of Circle Bolt & Nut to our Optimas family is another positive step forward in accelerating the execution of our growth strategy and company transformation,” stated Anesa Chaibi.About Optimas OE Solutions Holdings, LLC (“OPTIMAS”)Optimas is a leading, global provider of integrated supply chain solutions and engineering support focused on delivering highly engineered custom fasteners and other “C” Class components, such as fittings, clamps, bearings, and rivets, to our global customer base of large, industrial companies as well as small and medium-sized companies. Optimas specializes in the delivery of highly engineered fastener hardware and components across multiple industries and continents.About Circle Bolt & Nut Co., Inc.Circle Bolt & Nut Co., Inc. is an international supplier of fasteners, specialty hardware, and value added services with worldwide sourcing and distribution capabilities. Since 1979, CBN has grown from one facility in Northeast Pennsylvania to national coverage through seven full service branches and other satellite warehouse and service locations.Source: Optimas OE Solutions Holdings, Inc. LLC
By ,2018-04-23 00:00:00
Reed Exhibitions Japan Ltd., the largest trade show organizer in Japan announced that Manufacturing World Japan 2018is coming back at Tokyo Big Sight from June 20 - 22, 2018 with the largest scale in its history. It is world’s leading trade showfor the manufacturing industry.Held with the Largest Scale Ever!According to the huge supports from manufacturing industry of Japan and all around the world, the number of exhibitors in 2018 is expected to reach 2,580. This figure is the largest ever in the history ofManufacturing World Japan. The number of visitors is expected to be 90,000and they will pack the show floor during 3 days show period. From the survey of visitor pre-registration, motivation of visitors for purchasing from exhibitors is extremely high.All kinds of Industrial Subcontracting & Motion Technologies (Bearings/Motors, FA Technologies, Springs, CNC Turned/Milled Parts, etc.), Industrial IT Solutions (CAD, CAM, Industrial IoT/AI & 3D Printers, etc.), Medical Device Design & Development (Medical parts/Electronic Components, Medical Materials, etc.), 3D and Virtual Reality technologies and solutions are gathering.More International Exhibitors - Great Meeting Platform for Global Business!The number of international exhibitors of 2018show is expected to be 420. This is also the largest number in Manufacturing WorldJapan’s history.Huge Number of Major Companies are Exhibiting!Many major companies from all around the world are exhibiting in Manufacturing World Japan 2018.They are unveiling the world’s latest or world’s cutting-edge technologies/solutions/products which are “must-see” for all professionals working in manufacturing industry. Don’t miss this opportunity to catch up the world’s latest solutions for manufacturing!Keynote & Special Sessions – Industry leaders address their latest topicsKeynote & Special Sessions will be held as the concurrent events of trade show. Top industry leaders from global leading companies such as MAZDA MOTOR, NEC, OMRON, HONDA MOTOR, HITACHI, FUJITEC, STRATASYS, DESKTOP METAL, NISSAN MOTOR, OLYMPUS, UNIVERSITY OF TOKYO etc. will reveal their latest topics for manufacturing innovation, IoT technology, smart factory, IT strategy for manufacturing industry,etc. 11,718 attendees in 2017 show.<Bilingual Keynote Session (V-K)> English & Japanese-Alfonso E. Albaisa, Senior Vice President, Nissan Motor Co., Ltd.- Susumu Tachi, Ph.D., Professor Emeritus, The University of Tokyo- Michitaka Hirose, Dr., Professor, Graduate School of Information Science and Technology,The University of Tokyo<Bilingual Special Session (D-S2)> English & Japanese- Hiroaki Katayama, President & CEO, Stratasys Japan Co., Ltd.- RicFulop, CEO and Co-founder, Desktop Metal, Inc.Information of Manufacturing World Japan 2018- 2,580* exhibitors, 90,000* visitors (*expected figures) -Dates: June 20 (Wed) - 22 (Fri), 2018Venue: Tokyo Big Sight, JapanOfficial website: //www.japan-mfg.jp/en/tokyo/For Visitors (FREE)Exhibition Ticket Request: //www.japan-mfg.jp/en/tokyo/inv/VIP Ticket Request: //www.japan-mfg.jp/en/vip/Group Visit (For More than 6 persons): //www.japan-mfg.jp/en/inv_group/----Contact-------------------------------------------------------Organiser: Reed Exhibitions Japan Ltd.Manufacturing World Show ManagementErika Suzuki (Ms.)TEL: +81-3-3349-8506mailto:[email protected]-------------------------
Taiwan is known as The Kingdom of Fasteners since it has been the annual global industry sales leader for many years.To investigate the current development situation of Taiwan fastener industry, www.zueqd.icu organized a group of more than 40 Chinese fastener companies to take part in Taiwan International Fastener Show, and to visit Taiwan local fastener companies and Taiwan Fastener Museum, so called Global Fastener Trip 2018 - Taiwan from Apr. 9 to 17, 2018.The first stop of the trip was Taiwan International Fastener Show. As the ONLY international B2B fastener show in Taiwan, the exhibition attracted near 20000 visitors from all over the world. More than 400 exhibitors highlighted their diverse products and service at the show.ChinaFastener Magazine at the ShowThe group came to Jieng Beeing Enterprise Co., Ltd.after the Show. Chen Huizhong, vice president of the company and other staffs welcomed the group.Based on introduction, the company was founded in 1973. It has four offices in Taiwan, two factories in China and one in Vietnam. It sells its products all over the world.As one of the earliest company specilizing in producing fastener dies, the company is regarded as a school of fasteners dies talents. During the conference, Mr. Chen introduced the history and its patented products to the group. Technicians of the company discussed with the group members about the technologies in producing fasteners and achievements.During Q&A, staffs of the company answered questions from the group members and discussed the difference between dies of the company and dies of Italian companies, and the bottleneck of Chinese fastener companies and the future.The group came to Ching Chan Optical Technology Co., Ltd.after ending the visit in Jieng Beeing. Alex Wu, president of the company welcomed the group.Founded in 1992, Ching Chan staff adhere to "technique innovation" and "quality improvement" to successfully develop multiple optical sorting machines, meanwhile the establishment of OEM sorting department is to sustain a large number of practical field test to continually enhance and improve the quality.Nowadays, CCM high-precision sorting devices have gained excellent name recognition among the well-known fastener manufacturers in the worldwide.President Wu shared the history of the company, the locations of its global agencies, and management experience with the group. He emphasized the application of its optical sorting machines and patented products. He also introduced its newly-developed technologies which can satisfy more customized requirements.The Group came to a well-known museum called Taiwan Fastener Museum in Kaohsiung. The museum was established under the support of government and some fastner companies.The museum records the origin and development of fastener industry systematically in Taiwan and spreads the knowledges about fasteners in different exhibitions.The group came to the third company Chang Horng International Co., Ltd to survey how the company manages its company and its requirements of fastener machines.The company is specialized in 2 Die-4 blow screw heading machines and cold formers. It sells all type of screw heading machines and also offers related technical consulting, training, repairing and maintenance.Now it has set up two branches in Shanghai and Dongguan in China.Ke Jinghong, president of the company led the group to visit its factory after a conference. He answered questions from the gourp and introduced the future development of the industry and companies. The clean factory of the company impressed the group.In recent years, China is focusing on environmental production. China government set higher and higher requirements for environment pollution. Therefore, after visiting all companies, www.zueqd.icu organized a seminar on Rust ans Stain Removal Technology. All members expressed their ideas and opinions on the technological difficulties and shared their experience.We keep learning in every trips and make progress after communication. The Trip in Taiwan helped us know more about technologies and achievements of Taiwan fastener companies and the current situation and tendency. We'll be in the USA for the next Global Fastener Trip. Follow us for more information of fastener industry.
On Apr. 11, "The Future of the Fastener Industry Expert Panel" kicked off Fastener Fair USA 2018 on the morning at 9, sponsored by Earnest Machine at Huntington Convention Center in Cleveland, Ohio., lasting for two days. The Fair was held by organized by Mack Brooks Inc., a subsidiary of the Mack Brooks Exhibition Group. It's the onlyexhibition for the full fastener supply chain in the United States. As the media partner of the Fair, reporter of ChinaFastener Magazine attended the Fair with the latest issue of ChinaFastener Magazine.Photo: Reporter of ChinaFastener Magazine with Organizer of the FairThe show featured over 250 exhibitors from 20 countries looking to connect with manufacturers, distributors, suppliers and end-users in the heart of the Midwest manufacturing region representing a variety of industries like automotive, aerospace, energy, civil engineering, and construction. Over 50 Chinese companies highlighted their best products and service at the Fair, including Hangzhou Lizhan, Brother Holding, Yuyao Xintai, Jiaxing Risen, Beijing Jinzhaobo, Haiyan Guangda, Shanghai Finefix, BSC, Ningbo Henghui, etc. The Fair also featured many well-known international companies, such as Carlo Salvi, Brighton-Best International, Magni, Marposs, Sacma, Nedschroef, Unbrako, ect.Besides, several educational seminars were held concurrently during the whole Fair by the organizer. All of Fastener Fair USA’s educational sessions were led by experts from a variety of backgrounds and will cover topics on maintenance and repair, aerospace applications, growing your distribution business, managing data, fastener basics for newcomers to the industry, marketing, leadership, and more.Nearly 2,000 registrants were on hand for the first day of Fastener Fair USA. Attendees who have registered comprise of 45% distributors, 32% manufacturers, and 23% suppliers and end users.Data from US Census Bureau illustrated that in 2017, USA imported 1,141,576,422 US dollar fasteners from China, up 13.57% versus 2016 (1,005,133,580 US dollar) which underlines an increase in the demand of the USA for Chinese fasteners. However, US President Donald Trump announced that US would levy high anti-dumping tariffs on products from China and iron or steel nuts were included. Many Chinese companies are concerned about the situation of US fastener market. Reporter of www.zueqd.icu interviewed some US distributors and companies regarding to the tariffs. Ms. Andrea Piotrowski, quotation specialist of Würth Industry North America said that there would be some influence yet slight. The policy is still on the way so they don't see any influence now. What's more, China will fight back against the anti-dumping measure, thus there will be a balance between China and USA. Chinese suppliers and purchasers can make negociations if the tariffs is settled. A few distributors expressed their anxiety about the question. As distributors, they purchased many kinds of fasteners. Once some of them are on the list of anti-dumping tariffs, they have to reduce the number of products from China or purchase from the other countries.Reporter of ChinaFastener Magazine with Würth Industry North America The next Fastener Fair USA will be held in Detroit from May 22-23, 2019.Yuyao XintaiHangzhou LizhanBeijing JinzhaoboBSCShanghai FineFixThe 23rd issue of ChinaFastener Magazine will be released in Metalex Malaysia and 2018 Fastener Expo Shanghai. A full report of these exhibitions will be included in 24th issue of ChinaFastener Magazine.Reporting by Sharon Chen, Editing by Ivan Su
3rd Mechanical Components & Meterials Technology Expo Nagoya (M-Tech Nagoya) officially opened today at Portmesse Nagoya, Japan. Organized by Reed Exhibitions Japan Ltd., the expo will last for 3 days concurrently held with DMS Nagoya, FacTex Nagoya and AeroTech Nagoya. These four exhibitions composed Manufacturing World Nagoya.What's more, the expo has two sister expos, called M-Tech Tokyo and M-Tech Osaka.As a media partner, reporter of www.zueqd.icu attended the expo with the latest issue of ChinaFastener Magazine at Hall 3, 2-92.A total of 638 exhibitors took part in M-Tech Nagoya, and Manufacturing World Nagoya has 1021 exhibitors. Almost all exhibitors were from Japan. Only 28 companies were fastener-related companies. As a large-scale exibition in Japan, numerous visitors came to the show, targeting their necessary products. Some of the visitors were technicians of some companies, coming for the purpose of study and technology discussion.The previous expo report showed that the number of visitors in 2016 reached 34,573.Based on the introduction, located in the middle of Japan, Nagoya is the third largest city in Japan. Plenty of manufacturing companies set their headquarters in the city. The exhibition is the epitome of the area's manufacturing industry.Data from Trade Statistics of Japan illustrates that in 2017, Japan imported near 0.22 million tons fasteners from China, occupying 67.08% of total import fasteners quantity of Japan in 2017, almost the same as that of 2016. These fasteners are valued at 45.68 billion Yen, occupying 40.82% of total import fasteners value of Japan in 2017, up 12.21% versus 2016. The data reflects that Japan has a strong demand for Chinese fasteners.The exhibition will be held on Apr. 17 to 19 at the same venue.Mikasa PowerSanwaOitechNord-LockKoshinshaSource: ChinaFastener Magazine
The 5th Taiwan International Fastener Show (Fastener Taiwan) officially kicked off on Apr. 10. A total of 415 exhibitors with 1107 booths, covering an exhibition floor of almost 20,000 square meters, displayed all kinds of fasteners, machinery and tools. The biennial event will last for 3 days and ended on Apr. 12. As a media partner of the show, reporter of ChinaFastener Magazine came to the exhibition with more than 40 Chinese company leaders and the latest issue of ChinaFastener Magazine.Near 2000 visitors were attracted to the show and treated to well-designed stands. It looks like the event is not only an exhibition, but also a celebration of Taiwanese fastener industry and their achievements. Exhibitors included Jiangsu Washen, Yuyao Xintai, Shanghai Rivet, Zhejiang Ansheng, Jiaxing ChinaFar, Ching Chan, Chunzu, etc. What's more, to further enhance the communication between exhibitors and purchasers, the organizer will held other events 1-on-1 Procurement Meetings. The event underlines why Taiwan has a reputation as the ‘Kingdom of Screws. A rapidly growing sector for the Taiwanese market is the automotive market, with several exhibitors highlighting the services and products they can provide.Based on the official data, Taiwan has exported near 4.08 billion US dollar fasteners to other countries, which also underlines the huge fastener industry in Taiwan. A full report of the event will be included in 2018 Aug. Issue of ChinaFastener Magazine.Yuyao XintaiJiaxing ChinafarShanghai RivetZhejiang AnshengYuyao No.2 FastenerAccuvisionBiing FengChien TsaiJern YaoChun Zu
From March 4 to 7, 2018, the global industry presented the most important innovations of the year at INTERNATIONALE EISENWARENMESSE K?ln, so called International Hardware Fair Cologne. The great event was lasting four days and closed on Mar. 7 at Koelnmesse Fair Grounds in Germany. Reporter of www.zueqd.icu came to the exhibition with 23rd issue of ChinaFastener Magazine and our specially-designed bags to bring the first-hand news.ChinaFastener MagazineBased on the introduction, the hardware show is the largest and most international trade fair in the industry. The fair covered an area of 144,000 square meters, with 2770 exhibitors from China, Italy, Germany, Spain and other 58 countries. Fastener exhibitors were mainly in Hall 5.2 and some were in Hall 5.1. More than 60 fastener suppliers made their presence at the show with their high-quality products, including Jiangsu Washen, Hangzhou Lizhan, Ningbo ABC, Yuyao Xintai, Shanghai Fast-Fix, Foshan Guangqingchang, Shenzhen Manjun, Jiaxing ChinaFar, Zhejiang Ansheng, Zhejiang Sansega, Shanghai Rivet, Jiangsu Xinchangjiang, Ningbo Ningli, Shanghai Finefix, Yuyao Biao'er, Dongguan Ganggu, Hunan Bygold, Jiexi Dahua, Shanghai Prime,S.R.C, etc. Besides, European exhibitors were mainly local well-known distributors, such as S+P, RETHER, AMBROVIT, INDEX, Stafa Group, and so on.Jiangsu WashenHangzhou LizhanNingbo ABCYuyao XintaiShenzhen Manjun & www.zueqd.icuShanghai Fast-FixJiaxing ChinaFarZhejiang AnshengZhejiang SansegaShanghai RivetJiangsu XinchangjiangShanghai FinefixYuyao Biao'erDongguan GangguNingbo NingliHunan BygoldNingbo AoteFuxin FastenerEuropean exhibitorsAs the largest hardware fair in the world, the exhibition attracted numerous visitors. Because it's not a professional fastener fair, most of buyers did not target fasteners. However, reporter of www.zueqd.icu said that those buyers targeted fasteners were quite professional and mainly from Europe.Onsite photo of the fair (Source: EISENWARENMESSE)Part of Chinese exhibitors said that this was the first time they took part in European exhibition, and they chose this fair to investigate the market. Most of exhibitors have been in Europe market for a long time. Quite a few exhibitors said they got high-quality orders.Onsite photo of the exhibition (Source: EISENWARENMESSE)In February 2016, antidumping on carbon steel fasteners from China was removed and in January 2017, antidumping on some certain stailess steel fasteners from China came to an end. Since that, Chinese fastener companies tried to develop Europen market again. Based on EU database, the 28 countries in EU imported near 549 million kg fasteners from China, up 24.06% versus 2016, valued at 920 million Euro, up 33.21% in 2017. The 28 countris in EU exported near 111 million kg, up 10.72% versus 2016, worth 880 million Euro, up 12.91% versus 2016. The data reflects that after removing anti-dumping measures, the quantity and value of fasteners imported by EU countries from China are in a significant increase and Chinese fastener companies are expanding market shares in the region. The next EISENWARENMESSE - International Hardware Fair Cologne is scheduled to take place from 1 to 4 March 2020.
(Photo from Fastener Fair Turkey)The 4th International Exhibition for Fastener and Fixing Technology took place in Turkey at the IFM - Istanbul Expo Centre on 1-2-3 March 2018. For the first time, the show was held on three days including Saturday 3 March. Reporter of www.zueqd.icu came to the event with the latest issue of ChinaFastener Magazine which attracted plenty of professional buyers to get the magazine together with our specially-designed bag.Booth of www.zueqd.icuBased on our reporter, more than 190 exhibiting companies from Turkey, France, Germany, Italy, Spain, the Netherlands, the UK, Israel, India, Japan, Korea, USA, China and Taiwan were present at the show. A total of 20 Chinese companies displayed their products at the exhibition, most of which produce fastener machines, rivet nut, and molds, including Shenzhen Manjun, Wenzhou Jinsheng, Foshan Kuiloon, Foshan Sailuk, Foshan Guangqingchang, ect.Shenzhen ManjunFoshan SailukFoshan GuangqingchangFoshan KuiloonWenzhou JinshengChangde BoltHarbin RainbowHandan XingbangHebei FUAOZhejiang ChuanglianChina FormerWenzhou ZhanbangHaining R-BESTBBI ChinaA notable feature of this edition is the high number of companies exhibiting for the first time. 74 companies were making their first appearance at the show.Many well-known machine manufacturers from China, Italy, Germany, Turkey, South Korea, Taiwan and other countries were brought together to the fair, such as Sacma, Hyodong, Videx, Yeswin, Accuvision Technology, and so on.SijinAccuvisionSacmaChing ChanHyodongOther Machines suppliersBesides machines, there were various end-products exhibited at the expo, like rivets, rivet nuts, anchor bolts, etc. Many famous Turkish fastener suppliers appeared at the exhibition, such as Norm, Topbsas Group, Promsis, SA-PA Group, RM, etc.Our reporter said that, Turkish fastener companies are mainly located in Istanbul and Izmir, specialized in producing medium to low end products while they imported high-end fasteners from Europe. Many Turkish fastener suppliers purchased their machines from China to produce their product thus some Chinese machine suppliers came to the show.The exhibition attracted numerous professional distributors and end users, mainly from Turkey and the surrounding countries with clear procurement targets. Many Chinese companies were visiting the show to known more about the market. Most of the buyers claimed that the product price was a key factor to consider. If the price is not nice, they will not consider to purchase the product. What's more, Turkey levies tariffs on fasteners imported from other countries. Most of the Turkish local suppliers are producing carbon steel fasteners with low price, therefore Chinese carton steel fasteners do not have price advantages in Turkey together with high tariffs. However, due to high price of stainless steel in Turkey, Turkey's stainless steel fasteners mainly depend on imports, thus the market is worth developing.Based on the data of China customs, in 2017, China exported near 23.22 million kg fasteners to Turkey, valued at about 3.97 million US dollar, while China imported near 3.16 million kg fasteners from Turkey, valued at 17.39 million US dollar. The data reflects that the average price of fasteners China exported to Turkey is much lower than the average price of fastener Turkey exported to China. Therefore, it's difficult for Chinese fastener companies to develop Turkey market by means of low price. Chinese companies should improve the addded value of their products and focus on high-end fasteners.