Emerging Fastener Markets Magazine No.13

ERP Management. Alex Screw Delivers the Best Product Solutions

Specialized in the production of construction fasteners, Alex Screw Industrial Co., Ltd. is one of the representative Taiwanese manufacturers that have been successfully exporting fasteners to advanced markets such as Europe and Japan. It specializes in the supply of special and standard products as well as small packages/boxes/bags of screws made to customers' drawings. In addition to the factories in Benjhou Industrial Park (Kaohsiung, Taiwan) with a capacity of 1,000 tons, it also has a manufacturing factory in Kunshan, China, which provides the most favorable fastening solutions based on the product attributes of customers from different markets. Although its products featuring high cost-performance ratios have firmly captured the hearts of customers over the past decades, in order to meet customers' higher demands

for quality, lead time, and cost-effectiveness, Alex Screw has been investing a great deal of effort in building a complete ERP system in its production lines in recent years, demonstrating its determination to create higher brand values for clients and grow with them together.

Smart ERP System for Simultaneous Efficiency and Quality Improvement

Alex Screw started building an ERP system many years ago, computerizing and standardizing the operation of production line and online task assignment as much as possible. By integrating various production data and customer-required parameters (such as those regarding CBAM, energy saving and carbon reduction) into the ERP system, relevant responsible personnel can immediately access to report data. On the one hand, they are able to know the actual status of the production line. Any problems can be immediately amended and corrected, and clients can track production progress in a timely manner. On the other hand, they can simultaneously monitor and control quality to ensure zero quality issues before shipping out customers' products. "Conventional production lines require personnel to copy forms by hand, which is time-consuming, labor-intensive and

COMPANY FOCUS

prone to human errors. By introducing a smart ERP system with the addition of professional engineers fine-tuning the program, we have significantly reduced the time to send information. We can arrange production personnel according to the characteristics of each factory and can trace batches of products, completing delivery to customers more efficiently," said Anne Cherng, Sales Manager of Alex Screw.

Well-prepared for CBAM Data Reporting; Equipment Upgrade for Energy Conservation and Carbon Reduction

With most clients from Europe, Alex Screw has made full efforts to comply with CBAM requirements. They have dug an oil tank beneath the factory to recycle the oil used for threading, actively integrate the carbon emission data from collaborative surface treatment plants, and hire a consulting company to lecture relevant personnel. They also put up a team to continuously collect and calculate relevant information required for CBAM reporting, discussing with on-site personnel the best way to reduce carbon emissions, and strive to provide clients with the most complete carbon reduction data. "We started working on energy conservation and carbon reduction fairly early and we attach great importance to clients’ requirements. We hope these efforts will earn us the recognition by clients not only from Europe but also emerging markets such as the Middle East," said Anne.

Eyeing Emerging Markets and Expanding Business Opportunities in the Middle East

Being optimistic about the potential of emerging markets, Alex Screw began to strengthen its presence in the Middle East a few years ago, hoping to provide emerging market clients having ever-growing demand with high-quality products and reliable services made available to Europe. More importantly, it can offer clients professional advice based on application environments and construction materials. Anne noted, "Profession and reliability are our biggest advantages. Our team continuously improve our products to do our best to meet the needs of different markets, and we continue to make breakthroughs to provide truly high-quality products. We are very optimistic about the opportunities in emerging markets, and will continue to work hard for clients to understand our expertise so as to provide the services they really need.”

Alex Screw’s contact: Anne Cherng, Sales Manager Email: anne-cherng@alexscrew.com.tw

Copyright owned by Fastener World Article by Gang Hao Chang, Vice Editor-in-Chief

Unveils New Corporate Logo

Expanding Global Presence with Market Strengths

Linkwell Industry, a Taiwan-based specialist in the supply of construction and industrial fasteners, has been serving the global industry for nearly 5 decades. In addition to its headquarters in Taiwan, Linkwell Industry also has overseas operations in Malaysia, China, Vietnam and Indonesia, serving customers from a wide range of markets, industries and applications around the world. In order to emphasize the spirit of teamwork and the pursuit of sustainable development, as well as to win the recognition of more customers., Linkwell has adopted a brand-new logo this year as its future corporate identity, hoping to continuously provide global customers with excellent-quality fasteners and services appreciated by customers around the world.

New Logo. Unchanged Professional Services.

Linkwell's previous logo had been in use for 47 years and its design conveyed a sense of courage and was an important identifier for customers to recognize Linkwell's products. However, a meeting between President Kosky Yen and his client as well as friend led to a further logo renewal project. After several revisions and discussions with the designer, the new logo in orange and white colors was finally created.

VIETNAM- VIET-SCREW

INDONESIA- BATAM WELL

TAIWAN- SUNNY HILL

CHINA- FASTWELL

"We changed our logo from a rounded style to a square design, hoping to present a sense of solidity, solidarity, and teamwork, which we strive to put into practice in every corner of the company,” said Linkwell President Yen.

Complementary Operations Featuring Respective Advantages

Linkwell's overseas locations in Southeast Asia and China have been performing at an above average level over the past few years. With the support of its Taiwan headquarters at the beginning of the establishment, they have now developed the customers and markets of their own. Despite the fact that the global economic climate has not improved in the past few months due to an oversupply of goods in the market, Linkwell's locations can still remain competitive in the markets they most specialize, with decades of experience, complementary cooperation among its locations, the advantages of being both a trader and manufacturer, and the fearlessness while facing challenges,.

"Basically, each of our location operates and accept orders separately, though the Taiwan headquarters will sometimes provide assistance in a timely manner. Under the current situation of oversupply in the market, we will focus more on special items with high added value and actively meet the needs of our customers for customized products. We will also strive to win orders and maximize the production capacity of our factories," said President Yen.

Linkwell Industry's Contact: Ms. Paggy Chen

Email: paggy@linkwell.com.tw

Building Brand Image and Penetrating into More Potential Markets

Linkwell's presence in Southeast Asia is an important cornerstone for its future development of customers in emerging markets. On the one hand, it is able to capitalize on the tariff reciprocity among ASEAN countries, and on the other hand, it is able to create higher value for the products of its customers through the mutual support of these overseas bases. Although there are lots of competitors, Linkwell has started to develop the Southeast Asian market in the hope of establishing a quality brand image in more emerging markets. This, coupled with Taiwan's competitive fastener supply chains ranging from heading, threading, to secondary processing and plating & heat treatment, as well as the support of associate suppliers, will definitely enable Linkwell to meet customers’ needs and market challenges more efficiently.

"Whether it is Southeast Asia, E. Europe, or the Middle East, they are all markets for Linkwell. We will carefully observe the trends and respond to each customer's requirements according to the changing needs of different markets," said President Yen.

Refining Manufacturing and Compliance with CBAM Requirements

In order to comply with the EU's CBAM requirements, Linkwell has specially engaged a professional consulting firm to provide guidance, and at the same time has proactively introduced energy-saving and carbon-reduction measures in its factories and processes to meet the customer's requirements. Not only does each machine in its plant display real-time carbon emissions data, but the roof of the plant is also equipped with solar panels. It has even requested its associate factories to actively comply with CBAM requirements to save energy and reduce carbon emissions.

"We will do our best to comply with CBAM requirements and strive to achieve a higher level of customer satisfaction. At the same time, we will continue to improve the automation of our production lines, maintain our market advantages in the supply of small quantities of diversified products, and gain more orders for special products, in order to expand our market reach,” said President Yen.

MALAYSIA-

社論： CBAM

最前線——

台灣因應進行式與

歐洲面臨的瓶頸

Editorial

CBAM Frontline

Taiwan's Progress and Europe’s Bottlenecks

From Q3 this year, EU importers will be required to submit actual carbon emissions data of imported products, and it will not be allowed to use default values as the basis for reporting. It means product suppliers will be required by their clients to provide actual data. Suppliers should pay extra attention to CBAM reporting to avoid impact on purchase orders.

CBAM is now the talk of the town and industry players are in urgent need to learn its latest development. This article summarizes the latest progress of Taiwan's regulations in response to CBAM, and examines the challenges for CBAM in Europe to help readers learn a broader landscape and react early.

In Taiwan

Taiwan Ministry of Environment Discloses 3 Legislative Drafts on Carbon Fee Collection

Taiwan Environmental Information Center reported that on April 29, the Ministry of Environment disclosed three drafts including "Carbon Fee Collection Principles", "Autonomous Reduction Plan Management Principles" and "Greenhouse Gas Reduction Goals Specified for Carbon Fee Collection Targets" in accordance with the Climate Change Response Act. These drafts aim to build a supporting mechanism for the future implementation of carbon fees. They utilize general and preferential rates in hope of encouraging the targets to speed up and increase carbon reduction. The drafts include High Carbon Leakage Risk Coefficient, through which an 80% discount as well as preferential rates are to be applied to carbon emission fees. The drafts are open to the public for comments and suggestions for the Ministry of Environment’s legislative amendments.

According to the drafts, the carbon fee targets large emitters with annual emissions of 25,000 metric tons of carbon dioxide equivalent or more. When calculating emissions, the 25,000 metric tons threshold is deductible. The threshold will gradually be lowered to 15,000 metric tons, and is expected to be 10,000 metric tons by 2030. Enterprises will complete registry of carbon inventory for the previous year at the end of every April and pay the carbon fee for the previous year before the end of May.

News compiled & edited by Fastener World editors

There are also transitional measures for industries with high carbon leakage risks, such as the steel and cement industries. If an enterprise applies for a voluntary carbon reduction plan and is approved to be recognized as having high carbon leakage risks, it can enjoy an initial carbon fee discount based on the carbon leakage risk coefficient. At a coefficient value of 0.2, an 80% discount is to be applied on carbon fees. The value will be gradually increased to 0.4 and then 0.6. On top of that, a preferential rate will follow the discount, but the 25,000 metric tons threshold can no longer be deducted from the emissions.

Regarding the preferential rates for voluntary carbon reduction, if an enterprise can meet the designated emission reduction goals, it can submit voluntary reduction plans and enjoy preferential rates. The designated goals will be divided into two approaches. One is to reference the Science Based Targets Initiative (SBTi) which uses 2021 as the base year to set reduction targets up to 2030 for various industries. This approach will provide more preferential treatment. The other one is to aim at 24% carbon emission reduction designated in the Nationally Determined Contributions 2030 and set technical benchmarks for different emission types to specify reduction rates.

Questions against the drafts have been raised by environmental protection groups who estimated that a carbon fee income of more than NTD 3.75 billion will be lost just by deducting the 25,000 ton threshold. Coupling that with the discount from the carbon leakage risk coefficient will result in more than NTD 30 billion loss of carbon fee income. That means no external costs on more than 60 million tons of emissions. The Ministry of Environment alleges to provide discounts in alignment with the "free allocation of EU ETS allowances", but the domestic carbon fee rates are still lower than the EU’s set rates. Companies exporting to the EU will still face the pressure of additional carbon tax, and they could dump that burden to downstream companies. Taiwan CSC could become an example of that, passing the pressure to downstream small and medium fastener enterprises and potentially intensifying the impact on industries and the society in Taiwan. Environmental protection groups suggest carbon fees be set at a higher rate in the future to yield substantial carbon reduction benefits. They hope that the Ministry of Environment will stick to the bottom line of NTD 500 charged per ton of emission and the minimum post-discount price of NTD 300 per ton.

OnMay 7, the Ministry of Environment held the third carbon fee review meeting, where it stated that enterprises must implement a "voluntary reduction plan" before they can obtain preferential rates, which is to force enterprises to reduce carbon emissions. Without

emission reductions, the preferential rates will not apply. During the meeting, some members had different opinions on whether to raise or lower the carbon fee rates. Therefore, the Ministry of Environment is trying its best to collect suggestions from all parties and entrusts ChungHua Institution for Economic Research to use models to calculate the potential carbon reduction performance, consumer price index and other economic influences under different rates. Related assessment data will also be made public for inspection by everyone.

Taiwan to Roll Out Carbon Reduction Guidelines for 8 Construction Categories Before CBAM’s Official Implementation in 2026

Inaddition, Public Construction Commission of Executive Yuan has begun planning and adopting a step-by-step approach to carbon reduction targets for public projects. A database of building materials’ carbon emission intensity has been launched in the first half of 2024. The Commission will start off from the design and building material aspects to help public projects reduce carbon emissions. The ultimate goal is to roll out carbon reduction guidelines for 8 categories of public projects, including buildings, railway, water facilities, bridges, etc., all of which must comply with carbon reduction standards covering aspects from design to construction. In addition, server rooms consume a lot of electricity, and particularly, Taiwan's electricity usage is higher than in other countries. Therefore, although server rooms are not included in the 8 construction categories, carbon reduction guidelines will be introduced to reduce ineffective power use from the design phase.

The guidelines are like operation manuals and will become mandatory upon introduction. The standard operation procedures for calculation methods, construction and design will be formulated for government authorities and enterprises to follow. The scope of the guidelines may be expanded to other types of construction in the future. The carbon reduction guidelines for public projects will also compel Taiwanese construction fastener companies to achieve carbon reduction on manufacturing process or launch low-carbon fastener products. During Taiwan International Fastener Show this June, Alexander Kolodzik, Secretary General of EFDA, flew to Taiwan to explain the implementation progress of CBAM as well as the points to note. On July 8, representatives from EIFI and TIER (Taiwan Economic Research Institute) held a conference inviting industry experts to discuss carbon content calculation of Taiwanese and European fasteners. The conferenced was held in expectation of helping Taiwanese companies better comply with CBAM regulations and requirements.

In Europe

High Hurdles for EU Importers to Trace Carbon Emission Data

DetNorske Veritas (Norway) issued a press release on April 15 stating that during discussions with customers, it was discovered that EU importers encounter many difficulties in sourcing and submitting actual emission data corresponding to their imports, including:

1. They’ve had difficulty tracing back to the third-country operator who manufactured the goods.

2. The third-country operators had difficulties determining the actual emissions according to the new CBAM methodology.

3. They were not confident in the credibility of emission information they received from the operators.

4. The third-country operators hadn’t taken necessary steps to determine actual emissions.

5. They opted for the simplest way of reporting (default values were pre-filled in the CBAM transitional registry).

Will CBAM Hinder Europe’s Renewable Energy and Green Electricity?

According to a report by the Financial Times on March 19, the energy industry warned that the EU's introduction of a new electricity carbon tax will lead to an increase in carbon dioxide emissions in Europe and lead to higher prices for EU consumers. CBAM could also reduce North Sea energy collaboration between the UK and Europe, and hinder investment in renewable energy infrastructure. Energy UK said: "CBAM is becoming a regulatory nightmare."

AnAnalysis by a consulting firm AFRY pointed out that CBAM may reduce the EU's import of green electricity from the UK, leading to an annual increase equivalent to 8.3 million cars’ carbon emission in Europe. This would be self-defeating given that both the EU and the UK share the goal of achieving net zero. Research suggests that CBAM's tax on a range of carbon-intensive products will significantly increase the price of electricity traded via interconnecting cables between the UK and the EU.

Danish

electricity transmission system operator Energinet said electricity imports from the UK will “fall significantly" once the carbon border tax is imposed. This will make the EU more reliant on domestic production, leading to higher prices and the use of natural gas for electricity generation.

CBAM Could Inflict Trade Disruption on Underdeveloped Countries

Areport by Bloomberg on April 26 pointed out that some emerging and developing countries brought up questions against CBAM. At the WTO's 13th Ministerial Conference, 66 countries called on the EU and other countries to "refrain from imposing of unilateral trade-related environmental measures to prevent such measures from creating unnecessary obstacles to trade." CBAM has been criticized for its lack of exemptions or phased implementation for underdeveloped countries.

In2023, a study pointed out that CBAM may lead to a 0.29% decrease in global exports of the metal products industry and a 1.49% decrease in steel industry exports. Exports from South and Central Asia will fall sharply, highlighting the disruption to trade that economies heavily reliant on these industries could face.

Shared Information Will be Crucial for Learning the Ropes of CBAM

CBAM

was launched on a trial basis last October. So far, Taiwan ranks fifth in the world in terms of the number of companies having submitted carbon emission data, showing that Taiwanese companies are closely monitoring CBAM. The Taiwanese government is striving to introduce carbon fee next year, and it is currently in a tug of war between enterprises and environmental protection groups regarding the calculation and preferential rates of the carbon fee. Despite that, the future roadmap is already set for Taiwan’s carbon fee regulations. Fastener World interviewed a number of Taiwanese companies and found that Taiwanese fastener companies attach great importance to this issue. Most of them have already carried out carbon reduction transformation and will actively cooperate with Taiwan’s regulations and CBAM regulations. However, outside of Taiwan, CBAM still faces many challenges, including difficulties in data tracing, concerns over the impact on renewable energy development, and trade barriers against underdeveloped countries. Everyone is fumbling for a way out of the CBAM maze. Fastener World will continue to actively monitor the latest news of CBAM and hopes to clear up the haze for readers by sharing information.

Fig. 1. Brazil's Fastener Import Value from the World (Unit: USD)

1,200,000,000

1,000,000,000

800,000,000

600,000,000

400,000,000

200,000,000

998,191,238 921,454,730

Data source: Comexstat

Fig. 2. Top 5 Import Sources for Brazil's Fasteners (Unit: USD)

import value ( Figure 1) increased from US$806,808,846 to US$921,454,730, up 14.2%. Except for a 19.1% decline in 2020 when the pandemic broke out, the rest of the years have been positive growth. It is worth noting that the growth rate from 2020 to 2022 was the highest in the past five years, reaching 53%, showing that Brazil's demand for global fasteners has surged during the worst times of the pandemic. Another point to note is that when the pandemic in many countries ended in 2023, Brazil's fastener import value fell back to levels close to 2019. Overall, in the past five years, the amount of fasteners imported by Brazil from around the world experienced sharp declines and surges, and then returned to normal levels. The import value in the first half of 2024 was US$501,979,151, accounting for 54.4% of last year's. The import value for the whole 2024 has a chance to exceed last year's.

Table 1. Top 5 Import Sources for Brazil's Fasteners (Unit: USD)

Figure 2 shows that Brazil’s top five fastener import sources in the past five years were China, the U.S., Germany, Japan, and Italy. Last year, China's fastener share accounted for 23.9%, the U.S. accounted for 19.5%, Germany 8.9%, Japan 8.1%, and Italy 7.7%. Although a large number of low-price fasteners were imported from China, a total of 44.2% of European, American and Japanese fasteners were also imported from Germany, Japan and Italy. The value of fasteners imported by Brazil from the U.S. continued to grow last year, while the amount of fasteners imported from China, Germany, Japan, and Italy all decreased last year.

Fig. 3. Brazil's Fastener Import Value from the World (By HS Code, Listing Only the Top 5, Unit: USD)

Threaded screws and bolts, of iron or steel, whether or not with their nuts and washers (excl. coach screws and other wood screws, screw hooks and screw rings, self-tapping screws, lag screws, stoppers, plugs and the like, threaded)

Figure 3 shows the top five HS codes of fastener products with the highest import value in Brazil (see Table 2 for other product codes). Last year, the total import market size of these 12 HS codes in Brazil was approximately US$921 million. The import value of code 731819 increased slightly last year, while the import values of codes 731822, 731816, 731829, and 731815 all declined last year. In the first half of 2024, the total of these five HS codes has reached 54.4% of last year's total, and there is a chance that this year will surpass last year's scale.

Export

In the past five years, Brazil's fastener export value ( Figure 4) dropped from US$180,725,098 to US$170,326,934, a decrease of 6.1%. After falling 28.5% in 2020, when the pandemic broke out, it increased 31.8% in the following three years, returning to levels close to pre-pandemic levels in 2023. The export value in the first half of 2024 was US$72,378,922, accounting for 42.4% of the export value in 2023. This year's total export value is likely to be close to last year's.

Comparing Figures 1 and 4, we can find that Brazil's fastener import value has been greater than its export in the past five years. The country's fastener import demand is greater than its export demand.

Figure 5 shows that Brazil’s top five fastener export destinations in the past five years wee Argentina, the U.S., Paraguay, Germany, and France. Last year, Argentina's share accounted for 30.4%, the U.S 20.8%, Paraguay 8.7%, Germany 4.6%, and France 4.4%, showing that Brazilian fasteners were mainly sold to North and South America, followed by Europe. However, it is worth noting that Brazil’s export of fasteners to the U.S. reached a peak of US$77.37 million during the US-China trade war in 2019. Then, it declined sharply when the pandemic broke out the following year, and was preceded by the export to Argentina in 2021 when the pandemic was worst and then onwards to this day.

Fig. 4. Brazil's Fastener Export Value to the World (Unit: USD)

Table 3. Top 5 Export Destinations for Brazil's Fasteners

Argentina U S.A. Paraguay

Fig. 5. Top 5 Export Destinations for Brazil's Fasteners

731815 Threaded screws and bolts, of iron or steel, whether or not with their nuts and washers (excl. coach screws and other wood screws, screw hooks and screw rings, self-tapping screws, lag screws, stoppers, plugs and the like, threaded)

As shown in Figure 6 , the total import market size of these 12 HS codes in Brazil last year was approximately US$170 million. Except for code 731819, the export value of other HS codes has begun to increase in the past three years. In the first half of 2024, the total of these five HS codes has reached 42.4% of last year's total, which has a chance to exceed last year's scale or be equal to it.

Automobiles

Figure 7 is a chart of Brazilian automobile production trends over the past nine years up to the first half of 2024. Brazil has experienced two sharp declines during this period, one in 2016, and the other in 2020 when the pandemic broke out. It fell to about 150,000 vehicles in 2016, dropped to nearly zero in 2020, and rebounded to about 239,000 vehicles in 2021. It has been fluctuating back and forth from 2021 to 2023, and in the first half of 2024 it has returned to the level of 2021. Overall, Brazil's automobile production has averaged between 170,000 and 230,000 units over the past nine years. The Brazilian car sales in Figure 8 also reflect a similar trend.

Housing

Fig. 6. Brazil's Fastener Export Value to the World (By HS Code, Listing Only the Top 5, Unit: USD)

Data source: Comexstat

From 2015 to 2019, the Brazilian housing index ( Figure 9) has stayed at around 130 points. The turning point occurred after 2020. Up to the first half of 2024, the index increased significantly by 25%, reaching 163 points, showing stable positive growth for 4.5 years, and there is even a good chance of continued growth until the end of this year. In addition, Brazil launched a new version of its Accelerated Growth Plan last August, planning to invest 371 billion Brazilian reals through the national budget within four years to drive domestic infrastructure investment. These signs indicate that the demand for Brazilian construction fasteners and the fastening tools required for them still has significant growth potential in the foreseeable future.

Fig. 8 BR Total Vehicle Sales Vehicles

Fig. 7 BR Car Production Vehicles

GDP & PMI

The annual growth rate of Brazil's GDP ( Figure 10) fluctuates greatly. According to calculations by FocusEconomics, on a 10-year average, the average annual growth rate is 0.6%. Although it does not seem high, it can be observed through the orange bar chart that the GDP has continued to increase from 1996 to the first half of 2024.

The Brazilian PMI ( Figure 11) has been swinging back and forth over the past decade. Although it bottomed out during the pandemic and then surged, it returned to the average level after the pandemic. The good news is that the latest data from S&P Global shows that Brazil's manufacturing PMI rose to 52.5 in June from 52.1 in May this year, reflecting the rapid growth in output, purchasing and inventories.

Fig. 9 BR Housing Index

Fig. 10

Fig.

Deployment in Strategic Markets-

Emerging Fastener Trade Partners of USA/ Canada/Japan/Taiwan/EU

in 2021-2023

2021-2023

Emerging markets are another shining star besides advanced countries such as Europe, the U.S., and Japan, which are worthy of indepth development and exploration of potential business opportunities by all manufacturers. The Middle East, Southeast Asia, South Asia, Central and South America, Central and Eastern Europe, Turkey and Africa are all emerging markets. These markets, on the one hand, benefiting from the domestic medium and long-term industrial development policies, show rising demand for fasteners applied in important areas such as construction, automotive, electronics, machinery and other important areas; on the other hand, they also actively learn from the valuable experience of countries that have been quite successful in the development of the fastener industry, and gradually emerge in the global fastener supply chain and obtain the recognition of customers from advanced countries such as Europe, the U.S., and Japan, who continue to place their orders. This article compiles the fastener trade performance of the U.S., Canada, Japan, Taiwan, the EU in 2021-2023, and points out for readers the emerging countries currently showing great potential in fastener production and sales.

USA

Among the top 10 sources of fasteners imported into the U.S., India and Mexico were the countries with the most fasteners exported to the U.S. among the emerging countries, with an export scale comparable to that of Italy. India even surpassed Italy in 2022, and despite a slight drop in 2023, the export scale was still maintained at around US$200 million. Mexico, on the other hand, benefited from the U.S.-Mexico-Canada Agreement (USMCA) and its proximity to the U.S. market, with its export value growing from US$128 million in 2021 to US$181 million in 2023. In addition, in recent years, the fastener manufacturing industries of India and Mexico have introduced many high-efficiency processing machines from overseas, which not only greatly increase their manufacturing capacity, but also continue to improve the quality of products.

Among the top 10 trade partners of U.S. fastener exports , Mexico, Thailand and Brazil are emerging countries. Mexico was the top partner of U.S. fastener export, accounting for about 35% of the total U.S. fastener exports. Its export value grew from US$1.498 billion in 2021 all the way to US$1.936 billion in 2023. In addition to Canada's import scale being similar to Mexico’s reaching more than US$1 billion, other countries did not cross the US$300 million level. Thailand, ranked No. 6, showed a very obvious steep growth last year. Originally the scale of Thailand was only US$20-35 million in 20212022, but it suddenly grew to US$134 million in 2023, which is noteworthy for the rapid climb of demand in a short period of time. In Brazil, the import of fasteners from the U.S. was nearly US$100 million in 2021, and jumped to more than US$120 million in 2022-2023, indicating that Brazil increased the purchase of U.S.-made fasteners in response to the demand of market applications.

Canada

Vietnam and India were the 7th and 9th most important trade partners respectively in Canada's fastener imports. Vietnam exported about US$37 million to US$47 million of fasteners to Canada annually, surpassing Germany and Italy in 2022, but later was perhaps weakened by the poor macro economy, with the export decreasing to US$37 million in 2023, showing an inverted V-shaped trend. The size of India's exports to Canada were similar to those of the UK, growing gradually from US$19 million in 2021 to US$28.5 million in 2023 under a stabilizing trend, and may be expected to close the gap between its exports to Canada and those of South Korea in the next few months.

Mexico, Poland and Brazil also play an important role in Canada's fastener exports. Mexico, in particular, was Canada's 2nd largest fastener export partner, with an annual export value of US$20-27 million over the past 3 years, which also continues to grow. In addition, Poland and Brazil, respectively ranked the 8th and 9th largest export partner, both reached the export scale of US$3 million in 2023. However, exports to Brazil showed a slight decline in 2023, but if combined with its previous performance it should remain in a growth trend.

Taiwan

Although Taiwan is exported-oriented in terms of fastener trade, it also imports many fasteners from emerging markets such as Vietnam, the Philippines, Thailand, Malaysia, and Indonesia, with Vietnam and the Philippines in particular being the important sources of imports. 2,210 tons of fasteners were imported from Vietnam in 2023, which was a decrease from 2021 and 2022, but still accounted for more than 10% of the total imports, and the unit price of imports continued to rise. In 2023, Taiwan imported about 752 tons of fasteners from the Philippines, which was less than 100 tons, and the ranking was overtaken by S. Korea. Although Thailand, ranked 7th, exported more fasteners to Taiwan in 2023 than Malaysia and Indonesia, the unit price of fasteners Taiwan imported from Thailand was significantly lower than imports from Malaysia and Indonesia.

◢ Import

Among Taiwan's top 10 fastener export destinations, only Mexico is an emerging market. The sales are clearly focused too much on the European, U.S., Japanese and Chinese markets, while the deployment in emerging markets must still be strengthened. In order to maintain the industrial competitiveness and diversity, accelerating the expansion into emerging markets to avoid the risk of putting all eggs in one basket will be a special focus for Taiwanese manufacturers in the future. Data show that Taiwan's exports to Mexico in each of the past 3 years were more than 30,000 tons. Mexico was also Taiwan's third largest fastener trading partner in the entire American region, and its unit price of exports was higher than US$4/KG, higher than those of exports to the U.S., Germany, the Netherlands and other developed markets.

◢ Export

Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel

in descending order according to weights of 2023

Source: Bureau of Foreign Trade (Taiwan)

Japan

Among Japan's top 10 sources of fasteners imports, in addition to large purchases from China and Taiwan, nearly half of them came from emerging markets, mostly ASEAN and South Asian countries, including Vietnam, Thailand, Malaysia and India. Among them, the import from Vietnam each year was more than 10,000 tons, and Vietnam was the only emerging country among the top 10 showing growth in both import volume and value. The other major import origin was India, but Japan imported only about 300-600 tons of fasteners from India. Thailand, in 5th place, showed around 4,000 tons per year, and Malaysia was nearly 2,000 tons, with both countries showing a slight decline in 2023.

In addition to a large number of exports to the U.S. and China, the deployment of Japan in fastener exports to emerging markets can be said to be very extensive, not only in Southeast Asia and South Asia, but also as far as Latin America and Turkey. The top 10 export destinations were almost all emerging markets. The exports to Thailand and Indonesia were particularly significant, with more than 40,000 tons exported to Thailand and more than 20,000 tons exported to Indonesia in 2023, though slightly shrinking compared to the previous year. India, Mexico, Malaysia and Turkey showed various levels of growth. Exports to Brazil increased in value despite a decrease in volume.

in descending order according to weights of 2023

Source: Ministry of Finance, Japan

EU

Emerging sources of fastener supply for EU were Turkey, India, Vietnam, Thailand and Malaysia. Each year the EU imported more than 100,000 tons of fasteners respectively from Turkey, India and Vietnam, and the sum of these three countries was about the total EU's imports from Taiwan. EU’s fastener imports from Taiwan in 2023 fell below the level of 2021, but Turkey, India and Vietnam basically remained at the level of 100,000 tons each year. Coupled with the FTA signed between Vietnam and the EU, these emerging countries are very likely to become the competitors of Taiwanese manufacturers in the future. Although the volume of imports from Thailand increased, the value of imports declined, and the unit price of imports decreased rather than increased. The scale of imports from Malaysia was not as large as those of other emerging countries, with both the volume and value of imports decreasing significantly, but it was still one of the top 10 sources of imports of the EU.

In addition to the U.S., China and the U.K. ranked in the top 3 places, EU fasteners were also exported to emerging countries such as Latin America, the Middle East/Turkey and India. The exports of fasteners to Mexico and Turkey both reached more than 40,000 tons in 2023, and both of their export volume and value continued to rise steadily. Fastener exports to Brazil fell to 26,000 tons in 2023, while exports to India remained roughly flat but continued to reach record levels of value. Morocco in North Africa, ranked 9th, was also a market worth exploring. Its demand for EU fasteners increased year after year, even more than the exports to Norway.

in descending order according to figures of 2023

Source: EU Trade Helpdesk

Wrap-up

Summarizing the above analyses, we can conclude that:

Fasteners the U.S., Canada, Japan, Taiwan and the EU imported from emerging markets were primarily from India, Mexico, Vietnam, the Philippines, Thailand, Malaysia, Indonesia and Turkey.

Fasteners exported to emerging markets were mainly sold to Mexico, Thailand, Brazil, Poland, Indonesia, India, Turkey, Malaysia and Morocco.

Most of these emerging countries have shown great development strength in the supply and demand of fasteners. For manufacturers who intend to develop the emerging markets, if they still cannot find out their potential markets and have no idea how to choose the suitable ones, perhaps they can strengthen their efforts first from the list of these countries that have gradually gained the recognition of customers in the developed markets and assess the supply and demand for fasteners and the current direction of the development of these emerging markets to decide on the direction of investment, which will definitely accelerate the expansion of sales in the emerging markets with half the effort and seize the first opportunity faster than the other industries.

※Fastener World Inc. will also enhance promotion in emerging markets such as Mexico, Poland, Vietnam, India, Turkey and Bangladesh in the second half of this year. For detailed exhibition information, please link to the official website of Fastener World at www.fastenerworld.com or contact our sales at (foreigh@fastener-world.com.tw) for more information.

Copyright owned by Fastener World /

◆ Company

17 ERP Management — Alex Screw Delivers the Best Product Solutions

ERP 精進管理，禾億用行動提供最佳產品方案

◆ Special Feature

40 Editorial — CBAM Frontline: Taiwan's Progress and Europe’s Bottlenecks

◆ Industry Focus

50 Brazil in Figures— Fastener, Automobile, Construction, GDP, PMI

社論： CBAM 最前線─台灣因應進行式與歐洲面臨的瓶頸 巴西扣件、汽車、建築、 GDP 、 PMI 統計數據

72 Deployment in Strategic Markets — Emerging Fastener Trade Partners of USA/ Canada/Japan/Taiwan/EU in 2021-2023

2021-2023

美加日台歐重要新興扣件貿易夥伴分析

潛在扣件市場：沙烏地阿拉伯 x Behrooz Lotfian

埃及扣件貿易剖析 x Shervin Shahidi Hamedani

阿聯酋扣件市場商機剖析 x Dr. Sharareh Shahidi Hamedani

32 Linkwell Industry Unveils New Corporate Logo

順承新企業 LOGO 上線

◆ Exhibition

108 Manufacturing World Tokyo — The Fastest Way to Expand into the Japanese Market

東京工業製造展

109 Fastener Fair India — High Demand for Construction and Industrial Fasteners in the South Asian Market

印度新德里螺絲展

110 Fastener Fair Vietnam — Investment Opportunities in Southeast Asia are Expected to Grow

越南河內螺絲展

112 International Fastener Show China 2024 — Strong Export Potential for Exhibitors

中國上海國際緊固件工業博覽會

114 MTA Vietnam — Vietnam's Largest Machine Tool, Precision Engineering and Metal Processing Technology Exhibition

越南胡志明國際工具機暨金屬加工設備展

115 Manufacturing Expo 2024 — A Manufacturing Event That Brings Together Six Major Industries Into One

泰國曼谷國際工業製造展

116 INAFASTENER — Higher Inquiries on Auto Parts and Accessories

◆ News

117

Emerging Fastener Markets News

全球新興市場新聞 印尼雅加達國際緊固件五金展

Aug. 2024 Issue |

SUPPLIERS

“The Best Suppliers You Need are All in Here!” Time is money!

Do you always spend much time searching for suppliers and find them not suitable for your actual needs in the end? We understand that looking for the best fastener-related suppliers may be a time-consuming task for you, so we include the “Buyers’ Guide” in this issue to help you save the cost. In this Buyers’ Guide, you can find the most reliable suppliers providing high-quality products and services from the fastener-related field.

Take out your mobile and scan the QR code now. Connect with the best suppliers in just a few minutes.

These suppliers are not enough?

Visit Fastener World Global Sourcing Network to view more. https://www.fastener-world.com/keyword.php

AD page: 23

A-CORN ENTERPRISES CO., LTD.

CNC Lathe Machined / CNC Milling Machined / CNC Small Machining / CNC Precision Machining / Investment Casting Parts / (MIM) / Cold & Hot Forging Parts / Powder Metallurgical Parts / Precision Stamping Parts / Military Parts

sales@a-corn999.com www.a-corn999.com

雅冠企業有限公司

ISO-9001, ISO/TS-16949

AD page: 24

A-PLUS SCREWS INC.

Thread Forming Screws / High Low Thread Screws / Roofing Screws / Self-drilling Screws / Machine Screws / PT Screws / Triangular Thread Screws / Deck Screws / Self-Tapping Screws / Chipboard Screws

master@a-plusscrewsinc.com.tw www.a-plusscrewsinc.com.tw/

CE, ISO-14001, ISO-9001:2015, BSCI, ISO 14064-1

BUYERS' GUIDE

AD page: 36

AIMREACH

ENTERPRISES CO., LTD.

Stainless Steel, Flanged Head Bolts, Hexagon Head Bolts, Drywall Screws, Chipboard Screws, Wood Screws, Self Drilling Screws, Tapping Screws, Bi-Metal Screws, PVC Screws, Stainless Steel Screws, Roofing Screws, Flanged Head Bolts, Hexagon Head Bolts, Automotive Parts

sales@aimreachfasteners.com www.aimreachfasteners.com

盛融企業有限公司

ISO-9001:2015, EN 14566, EN14592

ARUN CO., LTD.

Chipboard Screws / Drywall Screws / Bimetal Screw / High Low Thread Screws / Roofing Screws / Self-drilling Screws / Triangular Thread Screws / Stainless Steel Screws / Deck Screws / Farmer Screws / Particle Board Screws / TEK Screws

arun@ms27.hinet.net www.arun.com.tw

鉅耕有限公司 ISO-9001, CE

AD page: 16

ALEX SCREW

INDUSTRIAL CO., LTD.

Chipboard Screws / Drywall Screws / Plastite Screws / Machine Screws / Roofing Screws / Concrete Screws / Self-Tapping Screws / Self-drilling Screws / Taptite Screws / Wood Screws / Collated Screws / Thread Forming Screws / Safety Screws / Window Screws

anne-cherng@alexscrew.com.tw www.alexscrew.com.tw

禾億五金有限公司

ISO-9001, ISO-14001, CE 14566, CE 14592

AD page: 43

ASIA TECHNICAL SERVICES

1) Quality Inspection services: for fasteners and industrial parts.

2) Representing: a. KISTLER (SCHATZ) analysis and tool testing system b. microGLEIT Lubricant c. n-gineric Intelligent Sensor d. Doerken Coatings e. IAC measurement system f. smartGLEIT Lubrication solution info@asiatec.com www.asiatec.com

亞東公證有限公司

ISO-9001, ISO/IEC-17025, TAF, LRQA

BEST QUALITY WIRE CO., LTD.

Alloy Steel Wire & Rod

Stainless Steel Wire & Rod

Automatic Sludge Separator Iron or Steel Wire Rod / Others Ultra S.S. Anti-Corrosion Screws

sales@bqw.com.tw www.bqw.com.tw

上冠品有限公司 ISO-9001

BUYERS' GUIDE

BESTWELL INTERNATIONAL CORP.

Eye Bolts / Flanged Head Bolts / Hanger Bolts / Hexagon Head Bolts / Shoulder Bolts / Stud Bolts / Track Bolts / U Bolts / Wheel Bolts / Customized Special Screws/Bolts / SEMS Screws

bestwell@ms5.hinet.net www.bestwell.com.tw

凱壹實業股份有限公司 ISO-9001

AD page: 45

Self-Tapping Screws/Self-drilling Screws/ Roofing Screws/Carbon Steel Screws/ High Strength Stainless Steel Screws/ SEMS Screws/Wing Screws/Construction Fasteners/Concrete Screws/Drywall Screws/ All Kinds of Nuts

jcsales@celebritefasteners.com www.celebritefasteners.com

曜維貿易有限公司 CE, ISO-9001

AD page: 47 CHANG BING

Hook Bolts / Holders / Hooks / Rings / Dowel Screws / Conical Plastic Anchors / Open Die Screws / Eye Screws/Lag Screws / U Bolts / Eye Bolts / Speed Anchor Zinc Alloy / Parts for Bathroom Equipment / Stamped Parts

changbing@hangers.com.tw www.cbtw.com.tw

ISO-9001

BOSS PRECISION WORKS CO., LTD.

Timber Structure Screws, Self-Tapping Screws, Self-Drilling Screws, Roofing Screws, Sheet Metal Screws, Chipboard Screws, Machine Screws, SEMS Screws, Drywall Screws, Wood Screws

sales@screwboss.com www.screwboss.com

伯獅精工股份有限公司 ETA 19/0739, ISO-9001:2015, CE 14566

CHENG FANG YUAN MACHINERY INDUSTRIAL CO., LTD.

Nuts Tapping Machine Filling Feeder Arraying Feeder

besttapping@gmail.com

www.cfy.com.tw

BUYERS' GUIDE

CAD page: 10

CHENGYI FASTENER (HEBEI CHENGYI ENGINEERING MATERIALS)

Bolts, Nuts, Washers, Threaded Rods, Anchors, Screws Custom Fasteners, OEM, ODM

admin@cyfastener.com www.cyfastener.com

河北誠億工程材料有限公司 ISO-14001, ISO-45001, ISO-9001:2015

CHING CHAN OPTICAL TECHNOLOGY CO., LTD. (CCM)

AOI Expert, Screw/Nut Sorting Machine, Chip-type Electronic Component Appearance Inspection Machine, Process Monitoring, Tablet/Capsule inspection Machine

sales@ccm3s.com www.ccm3s.com

精湛光學科技股份有限公司 ISO-9001:2015

AD page: 39

CHIAO CHANG

PNEUMATIC TOOL CORP.

Blind Nuts / Rivet Nuts / Rivets / Air Tools General / Air Shears / Pneumatic Hand Tools In General / Hand Tools In General / Hand Rivet Tools / Hand Rivet Nut / Rivet Bolt Tools, Air Hydraulic Rivets / Rivet Nut Tools / Cutting Tools In General / Cordless Power Tools / Powered Tools In General / Auto Repair Tools info@ccp-tw.com.tw www.ccptool.com

喬章實業股份有限公司 CE, ISO-9001, TÜV, D&B D-U-N-S

CHIEN TSAI MACHINERY ENTERPRISE CO., LTD.

Automatic Thread Rolling Machine, Heading Machine, Screw Head Slotting Machine, Screw Point Cutting Machine

jiancai@jiancai.com.tw www.jiancai.com.tw

CE

AD page: 132

CHITE ENTERPRISES CO., LTD.

Vietnam made Chipboard Screws, Vietnam made Drywall Screws, Self-drilling Screws, All Kinds of Screws, Customized Special Screws & Bolts, Multi-strokes Special Screws & Bolts, Weld Nuts, Stamped Parts, Stainless Steel Fasteners, Customized Fasteners, Machining Parts, Hand Tools, Anchors bill@chite.com.tw www.chite.com.tw

尚余企業股份有限公司 ISO-9001, ISO/IEC-17025, ISO-14001, ISO-45001

AD page: 129

CHONG CHENG FASTENER CORP.

Cap Nuts / Coupling Nuts / U Nuts / Weld Nuts / Conical Washer Nuts / Flange Nylon Nuts With Washers / Prevailing Torque Nuts / Top Lock Nuts With Conical Washer Assemble / Breakaway Nuts / Automotive Nuts

sales@cfc.net.tw www.cfc.net.tw

宗鉦企業股份有限公司 ATF16949, ISO-9001

AD page: 66

CHUM YUAN CO., LTD.

Screw (Bolt) Formers, Heading Machine, Nut Formers, Nuts Tapping Machines, Thread Rolling Machines, Straightening Machine, High-speed Centrifugal Oil Filter, Buy and Sell Used Fastener Machinery, K.O. Pins, Jigs, Header Punches, Tungsten Carbide Tools and Cutters

info@chumyuan.com.tw www.chumyuan.com

琛元企業有限公司 CE, ISO-9001:2015

BUYERS' GUIDE

AD page: 75

CHUN CHAN TECH CO., LTD.

Screw Optical Sorting Machine, Nut Optical Sorting Machine, Brass Sorting Machine, Eddy Current Sorting Machine, Pin & Shaft Sorting Machine, Rapid Measurement Instrument, Robot Optical Sorting Machine, Thread Finder Machine (GO/NO-GO)

cct.com@msa.hinet.net www.cctech.com.tw

浚展科技股份有限公司 CE, ISO-9001, TÜV

DAHCHING ELECTRIC INDUSTRIAL CO., LTD.

Bi-metal Self-drilling Screws / Weld Nuts / Automotive Nuts / Electrical Heating Upsetter Machines / Welding Machines / Wheel Nuts / Auto-control Panel Design and Installation for Machines / Cap Nuts

daichen@ms27.hinet.net www.dahching.com

大慶電機工業股份有限公司 CE

DIING SEN FASTENERS INDUSTRIAL CO., LTD.

Chipboard Screws / Drywall Screws / Thread Rolling Screws / Wood Screws / High Low Thread Screws / Self-drilling Screws / Machine Screws / Twinfast Woodscrews / Deck Screws / Collated Screws / Corrosion Resistant Screws

sales@lih-lin.com

www.fastener-world.com/en/supplier/lih-lin 鼎 企業股份有限公司  (立霖) ISO-14001, ISO-9001, CE 14566, CE 14592

AD page: 79 CHUN KAI MACHINERY CO., LTD.

Straightening Machine

Measuring Instruments Accessories ck23356525@gmail.com www.chunkai.com.tw 駿凱機械有限公司 CE

EASON TECH INDUSTRIAL CO.,

LTD.

Spring Pins / Cage Nuts / Clip Nuts / Square Nuts / U Nuts / Wing Nuts / Spring Bolts / Wheel Bolts / Socket Head Set Screws / Retaining Rings

sales@easonindustrial.com.tw www.easonindustrial.com.tw

鈺森科技工業股份有限公司

E-UNION FASTENER CO., LTD.

Self-drilling Screw Forming Machine / Tooling for Forming Machine / Thread Rolling Machine / Automatic Conveying System / Automatic Thread Slotting Machine / Multistation Cold Forming Machine / Heading Machine / Heat Treatment Furnace / Open Die Machine /Tungsten Carbide Die / Diamond & CBN Tools and Cutters eunion.edward@msa.hinet.net www.fastener-world.com/en/ supplier/e-union

奕盟企業有限公司 CE

BUYERS' GUIDE

AD page: 41

INDUSTRIES, INC.

Embossed Worm Gear Hose Clamps, Butterfly Hose Clamps, Micro Hose Clamps, Bridge Hose Clamps, Mini Hose Clamps, Worm Drive Hose Clamps, High Torque Hose Clamps, Lined Clamps, Band Clamps, Ear Hose Clamps, Adjustable Ear Clamps, CV Joint Boot Clamps, Stainless Steel Cable Ties, TT High-Pressure Heavy Duty Clamps hoseclamp@evereon.com.tw www.ydsevereon.com

ISO-9001, TAF, TÜV

AD page: 49 EVER-TOP HARDWARE CORP.

Automotive Nuts/Castle Nuts/Flange Nuts/ Heavy Nuts/Tee Or T Nuts/Weld Nuts/ Spacers/Cold Forged Nuts/Acme Nuts/ Special Nuts

ethc@evertop-nut.com www.evertop-nut.com 祥頂實業股份有限公司 IATF16949, ISO-9001

FASTENER JAMHER

TAIWAN INC.

Chipboard Screws / Thread Rolling Screws / Taptite Screws / Cap Screws / Self-drilling Screws / Plastite Screws / Machine Screws /Self-Tapping Screws / Weld Screws / Tapping Screws / Concrete Screws / High Low Thread Screws

falcon.senda@msa.hinet.net www.falcon-senda.com.tw

鉮達國際股份有限公司 CE, ISO-9001

Automotive Nuts / Flange Nuts / Knurled Nuts / Tee or T Nuts / Weld Nuts / Prevailing Torque Nuts / Bushing / Blind Nuts / Rivet Nuts / Cold Forged Nuts / Lock Nuts / Special Nuts / Tubular Nuts

fastener@jamher.com www.jamher.com

占賀五金股份有限公司 ISO-9001, IATF16949, TÜV, ISO 14064-1:2018, ISO 14067:2018

FONG PREAN INDUSTRIAL CO.,

Drywall Screws, Wood Screws, Roofing Screws, Self-drilling Screws, Stainless Steel Screws, Deck Screws, Self-Tapping Screws, TEK Screws, Chipboard Screws, Particle Board Screws, Composite Screws, Customized Special Screws, Cement Board Screws, Framing Screws, Customized Screws, Drywall Cutting Bit, Countersink Drill Bit export1@ms.fongprean.com.tw www.fongprean.com

CE, ISO-9001, ISO-14001, ETA

GI CHENG TRADING CO., LTD.

Header Punches / First Punch Dies /Header Toolings / Multi-die Punches /Phillips Punches / Pozi Punches / Punch Pins / Punches / Second Punch Cases / Square Punches, Hexagon Punches / Square Recess Punches / TORX Punches

james@lcmpunch.com.tw www.lcmpunch.com.tw

濟晟精密模具股份有限公司 ISO-9001

AD page: 65

HAO XIN MOLD CO., LTD.

Thread Rolling Die Plates, Molds & Dies haoxinmold@gmail.com haoxinmold.com

豪鑫模具有限公司 ISO-9001

BUYERS' GUIDE

AD page: 53

INDUSTRIAL CO., LTD.

Pointing Dies, Self-drilling Dies, Tungsten Carbide Dies

AD page: 51

SANHUAN FASTENERS CO., LTD.

Automotive Fasteners, Hex Bolts, Carriage Bolts, Flange Bolts, Hex Nuts, Metal Torque Nuts, Weld Nuts

m2212307@ms27.hinet.net www.gian-yeh.com.tw

AD page: 20 HEADER PLAN CO. INC.

Stainless Steel Screws / Chipboard Screws / Wood Screws / TEK Screws / Self-drilling Screws / Machine Screws / Deck Screws / Collated Screws / Flat Head & Socket Head Cap Screws / High Low Thread Screws / Security Screws / Tapping Screws / Thread Cutting Screws / Self-Tapping Screws / Triangle Thread Screws master@headerplan.com.tw www.headerplan.com.tw

BSCI, ISO-14001, ISO-9001, CE 14566, CE 14592, ISO 14064-1

info@sanhuan-co.com www.sanhuan-co.com 海盐三桓紧固件有限公司 ISO-9001

AD page: 82 HISENER INDUSTRIAL CO., LTD.

Deck Screws / Wood Screws / Roofing Screws / Chipboard Screws / Concrete Screws / Self-Tapping Screws / Machine Screws / Self-drilling Screws

sales@hisener.com www.hisener.com

浙江海迅精密科技有限公司 CE, CE 14566, CE 14592, ETA, ISO-9001:2015, ISO-14001, ISO-45001

BUYERS' GUIDE

AD page: 3 HOMEEASE

INDUSTRIAL CO., LTD.

Caulking Guns / Glue Guns / Powered Tools In General / Electronic Repair Kits / Pneumatic Hand Tools In General /Woodworking Tools In General / Products for Decoration / Tools / Building Tools /Furniture Fittings / Auto Repair Tools /Lighting Fixtures / Tool Kits / Auto Carton Forming Machine-Hot Melt Glue Type /Stapler Type homeease@homeease.com.tw www.homeease.com.tw

宏鎰工業股份有限公司 CE, TÜV, ISO-9001:2015

AD page: 19 HSIN JUI HARDWARE

Bushes / Construction Bolts / Special Cold & Hot Forming Parts / Automotive Parts / Special Parts / Spacers / Bushings / Sleeve Nuts / Gears

service@hsinjui.com.tw www.hsinjui.com.tw

欣瑞五金企業有限公司 IATF16949

AD page: 38

HOMEYU FASTENERS CO., LTD.

Construction Fasteners / All Kinds of Screws / Automotive Screws / Building Parts / Chipboard Screws / PT Screws / TEK Screws / Roofing Screws / Customized Special Screws & Bolts / Special Parts / CNC Machining Parts

belinda@homeyu.com.tw en.homeyu.com.tw

宏宇緊固件有限公司 ISO-9001

HUANG JING

INDUSTRIAL CO., LTD.

Chipboard Screws / Drywall Screws /PVC Screws / Bi-metal Screws / Self-drilling Screws / PT Screws / Deck Screws / Wood Screws / A2 Cap Screws / Iron or Steel Wire Rods / All Kinds of Screws

hj-export@umail.hinet.net www.huang-jing.com

皇晉工業有限公司 CE, ISO-9001:2015

AD page: 69 HONG FU METAL INDUSTRIAL CO., LTD.

Buy and Sell Used Fastener Machinery / Cold Headers / Nut Formers / Screw (Bolt) Formers / Assembly Machines / Heading Machines

hongfu1688@gmail.com www.fastener-machine.com

鴻富金屬工業有限公司

INDUSTRY BUILDING HARDWARE CO., LTD.

Cap Screws / Button Head Socket Cap Screws / Chipboard Screws / Collated Screws / Concrete Screws / Construction Fasteners / Bonded Washers / Deck Screws / Drywall Screws / Lag Screws / Roofing Screws / Self-drilling Screws

sales@ibh-fastener.com.tw www.ibh-fastener.com.tw

和驛國際有限公司 ISO-9001, CE

AD page: 37

INMETCH INDUSTRIAL CO., LTD.

Flanged Head Bolts / Stud Bolts / Shoulder Screws / Bushings / Acme Screws / Automotive & Motorcycle Special Screws & Bolts / OEM/ODM / Nylon Cap Insert Lock Nuts / All Kinds of Nuts / Cold Forged Nuts

im@inmetch.com.tw www.inmetch.com

恆鉅國際股份有限公司  ISO-9001

JET FAST COMPANY LIMITED

Rubber Nut-Insert, Metal Rivet Nuts, Asia sole distributor of Starlock® push on retaining fasteners

BUYERS' GUIDE

AD page: 26

J. T. FASTENERS

SUPPLY CO., LTD.

Rivet Nuts, Blind Rivet Nuts, Plus Nuts, Blind Rivet Studs, Stamped Parts, Special Nuts, Automotive Special Screws/Bolts, SelfClinching Nuts, Self-Clinching Studs, Brass Inserts, Machined Parts

info@jtfasteners.com.tw www.jtfasteners.com.tw 金祐昇實業有限公司 D&B D-U-N-S, ISO-9001:2015

AD page: 84

JIANGSU YONGYI FASTENER CO., LTD.

EN-14399, EN-15048, A325, A490, JIS1186, AS-1252, DIN912, DIN931, DIN933

JAU YEOU INDUSTRY CO., LTD.

Chipboard Screws / Drywall Screws / High Low Thread Screws / Self-drilling Screws / Taptite Screws / Hexagon Washer Head Screws & Bolts / SEMS Screws / Wood Screws / Tapping Screws / Automotive Screws / Multi-stage Screw & Parts

jau@ms10.hinet.net www.jauyeou.com

朝友工業股份有限公司 AS-9100B, ISO-9001, CE, IATF16949

JIAXING HAINA

FASTENER CO., LTD.

Screw, Washer, Solar Hanger Bolt, Roof Hook and Aluminum Fitting for Solar

jetfast@ms34.hinet.net www.jetfast.com.tw

捷禾企業有限公司  IATF16949, ISO-9001, TÜV

sales@yongyifasteners.com www.yongyifasteners.com

江蘇甬怡緊固件有限公司

CE, ISO/IEC-17025, ISO-9001:2015, ISO-14001, ISO-45001, CNAS ISO-17025

tony@hainafastener.com

www.hainasolar.com

嘉興海納緊固件有限公司

ISO-9001:2015

AD page: 29

JIEN KUEN ENTERPRISE CO., LTD.

Round Weld Nuts, Flange Weld Nuts, Hex Weld Nuts, Square Weld Nuts, Special Nuts, Bushing, Tube, Square Nuts, Hexagon Nuts

eileen.jnkun@msa.hinet.net www.fastener-world.com/en/ supplier/jnkun/ 健坤企業股份有限公司 ISO-9001, IATF16949

KAY-TAI FASTENERS INDUSTRIAL CO.,

LTD.

KD Fittings / Quick Fit Dowels / HI-LO Screws / Chipboard Screws / Euro Screws / Confirmat Screws / 5/32" Screws / Bits / Bit Holders / Drive Sockets / Furniture Hardware / CNC Parts

keti.jo12772656@gmail.com www.fastener-world.com/en/ supplier/kay-tai

鍇泰工業有限公司 ISO-9001

BUYERS' GUIDE

JOKER INDUSTRIAL

CO., LTD.

Hollow Wall Anchors / Concrete Screws / Jack Nuts / Express Nails / Easy Anchors / Metal Insulation Plugs / Concrete Nails / Sleeve Anchors / Metal Frame Anchors / Safety Nail Anchors / Express Hangers / Construction Fasteners info@joker.com.tw www.joker-fastener.com

久可工業股份有限公司 CE, ETA, ISO-9001:2015, D&B D-U-N-S, IATF16949

AD page: 31

KEY-USE INDUSTRIAL WORKS CO.,

LTD.

Flanged Head Bolts / Milled Bolts / Rim Bolts / Round Head Bolts / Square Head Bolts / T-head or T-slot Bolts / Track Bolts / Weld Bolts (Studs) / Wheel Bolts / Shoulder Bolts /Special Bolts

sales@keyuse.com.tw www.keyuse.com.tw

ISO-9001, ISO-14001

AD page: 73 K. TICHO INDUSTRIES

CO., LTD.

Bi-metal Self-drilling Screws / Coil Nail Collators / Nuts Tapping Machines / Selfdrilling Screw Forming Machine/Tooling For Forming Machines / Thread Rolling Die Plates / Phillips Punches / Multi-station Cold Forming Machines / Thread Rolling Machines / Collated Screws / Bi-metal Screw service@ticho.com.tw www.screw-nails.com.tw

帝潮實業有限公司  ISO-9001

KING YUAN DAR METAL ENTERPRISE CO., LTD.

Heat Treatment Furnace Vibratory Finishing

kyd_contact@kingyuandar.com kingyuandar.com

KUANG TAI METAL INDUSTRIAL CO., LTD.

Stainless Steel Cold Heading Wires (CHQ), Nickel Alloy & Copper Alloy wires for various applications - Spring Wire, Redraw, Weaving, Forming, Roping, EPQ, Staple, Nail, Medical and Welding.

edwardchen@kuangtai.com www.kuangtai.com

廣泰金屬工業股份有限公司 ISO-9001

AD page: 70

LAN DEE WOEN FACTORY CO., LTD.

Hollow Heading Machine Blind Rivet Heading Machine

BUYERS' GUIDE

AD page: 46 KUOLIEN

SCREW

INDUSTRIAL CO., LTD.

Drywall Screws (very fast penetration speed), Roofing Screw with EPDM Washer, Self Drilling Screws –Wing Tek Screws, Collated Screws, Wood Construction Screws, SEMS Screws, Multi-Blowing forming, Hi-Lo Thread Screws, PT Screws, Wafer Head Screws, Triangular Thread Screws, Hexagon Washer Head Screws & Bolts.

sales2@kuolien.com.tw Ben@kuolien.com.tw www.kuolien.com 國聯螺絲工業股份有限公司 ISO-9001, IATF16949

AD page: 34

CO., LTD.

Flat Washers / Castle Nuts / Weld Nuts / Weld Screws / Triangular Thread Screws / High Low Thread Screws / Self-drilling Screws / All Kinds of Screws / Automotive & Motorcycle Special Screws & Bolts / Chipboard Screws / SEMS Screws / Conical Washer Nuts

AD page: 12

landee.com@msa.hinet.net www.landee.com

藍帝造機有限公司 CE

service@linkwell.com.tw www.linkwell.com.tw

順承企業股份有限公司 A2LA, CE, ISO-9001

Alloy Steel & Stainless Steel Socket Screws, Automotive Parts, Hex. & Flange Top Locknuts, CNC Parts, Tapping Screws, Self Drilling Screws, Concrete Screws, Elevator Bolts, Special Stamping Parts. Gr.2, Gr.5, 304, 316, Brass, Hex. Hd. Bolts, Carriage Bolts, Flange Bolts, Hex. Nuts, Flange Nuts, Nylon Insert Locknuts, Coupling Nuts, Square Nuts, High Nuts. Steel, Stainless Steel, Brass Flat Washers. king-lin@lwfasteners.com.tw www.lwfasteners.com.tw

金大鼎企業股份有限公司 ISO-9001

LONGHWA SCREW WORKS CO., LTD.

Chipboard Screws Wood Screws

Self-drilling Screws

Concrete Screws

Drywall Screws

longhwa.putz@msa.hinet.net www.long-hwa.com.tw

隆華螺絲工廠股份有限公司 CE, ETA, ISO-14001, ISO-9001

AD page: 68

LU-YI DIE WORKS CO., LTD.

Pointing dies, Self-drilling dies Segmented Tungsten Carbide Die

BUYERS' GUIDE

AD page: 90

MAXTOOL INDUSTRIAL CO., LTD.

Plastic Screws / Drop-in Anchors / Expansion Anchors / Wall Anchors / Nylon Nail Anchors / Conical Plastic Anchors / PVC Extruded Plastic Plugs / Set Anchors / Easy Anchors / Anchors / Wood Screws / All Kinds of Screws

n7350717@ms77.hinet.net www.lu-yi.com

如翌企業股份有限公司 ISO-9001

service@maxtool.com.tw www.maxtool.com.tw

系格工業股份有限公司 ISO-9001, TÜV

AD page: 67

Carbon Steel Wire & Rod 1006~1022AK, SWRCH6A~SWRCH45K 10B21~10B38 Alloy Steel Wire & Rod SCM415~SCM440 SUJ2 35ACR~40ACR, Stainless Steel Wire & Rod WLS550 A286/ SUH660 304~316CU 410/430

newbest@newbest.com.tw www.newbest.com.tw

強新工業股份有限公司 IATF16949, ISO-9001, ISO-45001

Punches Tubes Molds & Dies

pinsen2010@gmail.com www.pinsentools.com

Automotive Nuts / Barrel Nuts / Blind Nuts / Rivet Nuts / Weld Nuts / Flanged Head Bolts / Flange Screws / Bushes / Bushings /Anchor Bolts / Screws and Nuts Locking and Sealing Process

nhsieh@ndindustries.tw www.ndindustries.com

穩得工業股份有限公司 ISO-9001

AD page: 71

Self-drilling Screw Forming Machine

tforever@ms29.hinet.net www.pointmaster.com.tw

AD page: 14

POL SHIN ENT. CO., LTD.

Chipboard Screws / Drywall Screws Furniture Screws / Wood Screws

Thread Cutting Screws / Self-Drilling Screws / Self-Tapping Screws / Machine Screws

polshin.screw@hibox.biz www.polshin.com

寶薰股份有限公司 ISO-9001

AD page: 6

Rivets / PPAP Documents / Clinch Nuts / Clinch Studs / Customized Special Screws/ Bolts / Machine Screws / CNC Parts, CNC Lathe / Forged and Stamped Parts / Injection Molding Machine Screws / A193 B7 Screws / All Kinds of Screws / Custom Bolts / Auto Parts / Bolts & Studs / Castings / Custom Parts / Nuts / Rubber & InjectionMolded Plastic Components / Stampings rexlen@rexlen.com.tw www.rexlen.com.tw

連宜股份有限公司 ISO-9001, TAF

BUYERS' GUIDE

AD page: 57

QUAN LIAN

ENTERPRISE CO., LTD.

Automated Welding Machine Semi - Automated Welding Machine Automated Machining Machine Semi - Automated Machining High Frequency Annealing Treatment Welding Screws

quanlianbusiness@gmail.com www.fastener-world.com/en/ supplier/quanlian

RONG CHANG METAL CO.,

LTD.

Cup Washers / Custom Washers / Flat Washers / Sems Washers / High Strength Washers / Conical Washers / Spring Lock Washers / Toothed Lock Washers / Special stamping parts per customer's drawing or sampling

peter@rongchang.com.tw www.rongchang.com.tw

榮釧企業股份有限公司

IATF16949, ISO/IEC-17025, TAF, ISO-9001:2015

AD page: 22 RAY FU ENTERPRISE CO.,

LTD.

Roofing Screws / Self-drilling Screws / Machine Screws / Twinfast Woodscrews / Deck Screws / Triangular Thread Screws / Hexagon Head Cap Screws / Automotive & Motorcycle Special Screws & Bolts / TEK Screws / Tapping Screws / Bi-metal Screws / Customized Special Screws export@ray-fu.com www.ray-fu.com

瑞滬企業股份有限公司

CE, ETA, IATF16949, ISO-14001, ISO-9001, TAF, CE 14566, CE 14592, D&B D-U-N-S, ISO 14064-1, AS 9100D

AD page: 81

Stainless Steel Screws / Stainless Steel Pins / Brass Screws / Brass Pins / Copper Screws / Copper Pins / Aluminum Screws / Aluminum Pins / Adjusting Screws / Head Light Screws / Double Ended Screws / Special Pins

service@sharppro.com.tw www.sharppro.com.tw

千譯扣件工業有限公司 ISO-9001:2015

BUYERS' GUIDE

AD page: 27 SHAW GUANG

Nylon Nuts With Conical Washers KEP Nuts / Conical Washer Nuts Hex Nuts With Conical Washers

tom.huang@shawguang.com.tw www.shawguang.com.tw 紹光實業有限公司 IATF16949, ISO-9001:2015

AD page: 61

Second Header Punch: Phillips, Pozi, Square, Six-Lobes, Combined, Special... / Punch Pins / Gauging Equipment / Holders or Cases for Punch or Pin / Thread Rolling Dies / Trimming Dies / K.O. Pins / Heading Dies / First Punches / Cut-off Knives and Cutting Dies

timtan@shyehmennq.com www.shyehmennq.com

SHEEN TZAR CO., LTD.

Screw (Bolt) Formers / Self-drilling Screws Forming Machines / Molds & Dies / Pointing Dies, Self-Drilling Dies / Automatic Thread Slotting Machines / Drilling Test Machines

info@sheentzar.com www.sheentzar.com

新讚興業股份有限公司 CE, ISO-9001

AD page: 55

Parts Forming Machines Open Die Machines Nut Formers Screw (Bolt) Formers

sijinchina@machinesijin.com www.machinesijin.com

AD page: 8

Bi-metal Self-drilling Screws / Bi-metal Screws / Bi-metal Concrete Screw Anchors / Screw Anchors / Self-drilling Screws /Stainless Steel Wire & Rods / Construction Fasteners / Self-Tapping Screws / Wing Screws / Roofing Screws / Concrete Screws / Multi-stage Screw & Parts / Concrete drill bits / Hammer Drill bit info@shehkai.com.tw www.shehkai.com

世鎧精密股份有限公司 CE, ETA, ISO-14001, ISO-9001, ICC-ES

AD page: 4

Blind Rivets / Hand Riveters / Blind Nuts & Rivet Nuts / Closed End Rivets / Hand Rivet Tools / Hand Rivet Nuts / Rivet Bolt Tools, Air Hydraulic Rivets / Multigrip Rivets /Painted Rivets / High Strength Rivets / Rivet Nut Tools / Structural Rivets / Nickel & Nickel Alloy Rivets / Pneumatic & Hydraulic Riveters

srcrivet@ms12.hinet.net www.srcrivet.com

AD page: 64

SUN FAME

MANUFACTURING CO., LTD.

Shank Slotting Machines, Screw Point Cutting Machines, Screw Cutters, Circular Saws, Circular Saw Grinding Machines Grinding Wheels, Special Shank Slotting Machines, Customized Cutting Machines, Screw Secondary Processing Service

sales@screw-point-cutting-machine.com www.screw-point-cuttingmachine.com

商匯興業有限公司

AD page: 128

BUYERS' GUIDE

SUNNY HILL

INDUSTRY CO., LTD.

Drywall Screws, Chipboard Screws, Tapping Screws, Drilling Screws, Machine Screws, Wood Screws, Sems Screws, Furniture Screws, Thread Forming Screws, Special Screws Per Drawings

services@sunny-hill.com.tw www.fastener-world.com/en/ supplier/sunnyhill/ 晴岡企業股份有限公司 CE, ISO-9001

AD page: 2

Rubber Washers / Plastic Nuts / Plastic Screws / Nylon Washers / Silicone Washers / Plastic Bolts / Plastic Rivets / Plastic Washers / O-Rings

twnylon.washer@msa.hinet.net www.taiwannylonwasher.com.tw 東佑典實業股份有限公司 ISO-9001

Chipboard Screws, Deck Screws, Particle Board Screws, Roofing Screws, Self-drilling Screws, Self-Tapping Screws, Twinfast Woodscrews, Composite Screws, 6 Cuts & 8 Cuts Mill Point Self Drilling Screws, Patented Wood Screws, Special Cutting Screws

sales@taiwan-precision-fastener.com www.taiwan-precision-fastener.com CE, ETA, ISO-9001

SUPERIOR QUALITY

CO., LTD.

Heavy Nuts / Flange Screws / Hexagon Head Cap Screws / Weld Screws / Hexagon Nuts / Automotive Screws / Automotive Nuts / Tubes / T-head or T-slot Bolts / Construction Bolts / U Bolts / Weld Nuts

sqf@sqf.com.tw www.sqf.com.tw

鑫程椿股份有限公司 IATF16949, ISO-9001, ISO-14001, CE, CE EN14592, CE EN14566

AD page: 63

Auto Electromagnetic Paralleling Packaging System for Box, Carton, Kit, Plastic Bag, Auto Tipping & Filling Machine, Computer Control Printing & Labeling Machine, Assembly Machine of Screws, Nuts, and Washers, Stud Welding Machine, Auto Fix-Weight Filling Machine for Heat Treatment & Plating Conveyor System RGV System, Auto Carton & Box Forming Machine, Auto Carton & Box Folding and Sealing Machine uni.pack@msa.hinet.net www.unipacks.com.tw

AD page: 28

VERTEX PRECISION INDUSTRIAL CORP.

Bushings / Tubes / Mathread Screws / Banjo Bolts / Ball Studs / Ball Pins / Double End Studs/Special Rivets & Pins / Custom Screws & Special Nuts / Assembly Components / Tri-lobular Screws & Plastic Screws

sales@vertexprecision.com.tw www.vertexprecision.com.tw

緯紘精密工業股份有限公司 ISO-9001, A2LA, IATF16949

BUYERS' GUIDE

AD page: 59

WEI LIANG CORPORATION

Pumps / Filters for Hydraulic Systems / Lubricators / Pipe Fittings for Hydraulic Systems / Hydraulic Pumps / Hydraulic Piping Systems (Tube and Hose Assembly) / Hydraulic Motors / Centralized Lubrication Systems

peja741017@gmail.com www.zenloon.com.tw

維良企業股份有限公司 CE

AD page: 130

玟暘機械有限公司 (旻暘機械) CE WEN YANG MACHINERY CO., LTD. (MING TANG)

Heading Machines / Open Die Machines / Screw Washer Assembling Machines / Fastener Makers / Screw (Bolt) Formers /Thread Rolling Machines / Bolt Parts Forming Machines / Centrifugal Feeders

wenyang@mingtang.com.tw ww.mingtang.com.tw

Drywall Screws / High Low Thread Screws / Self-drilling Screws / Taptite Screws / PT Screws / Collated Screws / Concrete Screws / Deck Screws / Chipboard Screws / Self-Tapping Screws / Roofing Screws / Plastite Screws

service@billspec.com.tw www.billspec.com.tw

CE, ISO-14001, ISO-9001, ISO/IEC-17025, TAF

WEI ZAI INDUSTRY CO., LTD.

Automotive Nuts / Cap Nuts / Flange Nuts / Motorcycle Nuts / Tee or T Nuts / Wheel Nuts / Nylon Cap Insert Lock Nuts / Flat Washer Nuts / Tubes / Anchors

weizai.nut@msa.hinet.net www.weizai.com.tw

葦在螺帽有限公司 ISO-9001

AD page: 48

Self-drilling Screws / Collated Screws / Sheet Metal Screws / Drywall Screws / Chipboard Screws / Stamped Parts / Customized Special Screws & Bolts / All Kinds of Nuts / Rivets / Tapping Screws / Wood Screws / Machine Screws

wm@wisescrew.com www.wisescrew.com

BUYERS' GUIDE

AD page: 77

Bolt Former/ Parts Former / Cold Forging Machine / Multi-Station Former / Progressive Cold Former / 3-7 Stations Cold Former

yeswin@twyeswin.com www.twyeswin.com 友信機械股份有限公司 CE

AD page: 35 YUN CHAN

Hex Keys / Socket Bit Sets / Wrench Sets / Tool Kits / Bit & Bits Sets / Nut Setters / Socket Bits / Sockets / Screwdrivers / Impact Screwdrivers / Ratchet Screwdrivers

YI HUNG WASHER CO., LTD.

Custom Washers / Washers PVC / Small Washers / Teflon® Washers / Nylon Flat Washers / Plastic Flat Washers /Non-metallic Washers / Washers / Vulcanized Fiber Washers / Polyethylene Washers / Polyester Washers

sales@yh-washer.com.tw www.yh-washer.com.tw

益弘華司有限公司 ISO-9001

AD page: 30 YOUR CHOICE FASTENERS & TOOLS CO., LTD.

Self-Drilling Screws / Self-Tapping Screws / Sandwich Panel Screws / Long Screws / Farmer Screws / Roofing Screws / PVC Window Screws / A2 Cap Screws/ ZDC Cap Screws / Acoustical Eye Lag Screws / Wing Tek Screws / Chipboard Screws / Drywall Screws / Collated Screws

sales@ycs.com.tw www.ycs.com.tw

太子螺絲股份有限公司 CE, ISO-9001, ISO 14064-1

Wood Screws / Self-drilling Screws / Self-Tapping Screws / Machine Screws / Metric Screws / Metal Screws / Furniture Screws / Floorboard Screws / High Strength Screws / Combined Screws / Bi-metal Screws / Carbon Steel Screws

Wheel Nuts / Eye Bolts / T-head or T-slot Bolts / Wheel Bolts / Self-drilling Screws / Double-head Screws & Bolts / Self-locking Nuts / Nylon Insert Nuts / Nylon Cap Insert Lock Nuts / Screw Plug / Hydraulic Components

jhaiso@ms32.hinet.net www.yunchan.com.tw 雍昌工業有限公司 ISO-9001, TÜV

anchor@anchor888.com www.akffastener.com

ISO-9001, CE

znb@zonbix.com.tw www.zonbix.com.tw

琮比企業有限公司 ISO-9001

The Fastest Way to Expand into the Japanese Market

Japan's largest manufacturing-related trade show, Manufacturing World Tokyo, kicked off on June 19-21 at the Tokyo Big Sight. About 2,100 exhibitors from Japan and overseas registered to participate in this annual industry event, and a wide range of fasteners and screw-fastening products were on display.

This year, East Hall and South Hall were open to the public, with exhibits focusing on 3D printers, generative AI, DX for back office, factory DX, mechanical components, manufacturing & inspection, unique technologies, production management system, processing technology, accident prevention, ODM/EMS, global suppliers, 3D scanner, CAD/CAE, and medical technologies, etc. There were also other thematic exhibitions related to design and manufacturing, machining, medical, AI, aerospace and so on. In addition, the organizer provided free shuttle buses between the two halls for exhibitors and visitors.

According to the statistics of the organizer, the show attracted around 20,000 visitors per day to explore suppliers, partners and observe the latest technology, products and services of the industry, and attracted nearly 70,000 industry professionals in total over the 3 days. In addition, in order to enrich the experience of exhibitors and visitors, the organizer also arranged more than 20 seminars during the 3-day exhibition period, inviting local and international industry leaders and experts to share their professional observations and insights on current trends, product and technology applications, and future challenges (e.g. automotive, AI, digital transformation, green manufacturing, carbon neutrality).

Copyright owned by Fastener World / Article by Gang Hao Chang, Vice Editor-in-Chief

Fastener World Magazine, which has the largest circulation and the highest marketing coverage in the world, was also present at this year's show. Not only did it distribute its latest publications on-site, but also actively visited potential Japanese exhibitors at the show, hoping to help customers interested in expanding into the Japanese market to continue to step up their promotional efforts and reach out to more potential business opportunities. It is understood that many local buyers are interested in the products of the suppliers after reading our magazines and trying our online B2B platform, and they do not rule out the possibility of further negotiation and cooperation with these manufacturers in the future.

In addition to the series of shows in Osaka, Nagoya and Fukuoka, the organizer has announced that the next Manufacturing World Tokyo will be held on July 9-11, 2025 at Makuhari Messe. For more information, please visit Fastener World’s website at www.fastenerworld.com.

HISENER

JET FAST

FENG YI

HORNG BROTHERS

High Demand for Construction and Industrial Fasteners in the South Asian Market

印度新德里螺絲展

Astudy by Straits Research predicts that the Indian industrial fastener market is expected to reach US$17.868 billion by 2030, with a compound annual growth rate of 7.9% until 2030. India has become one of the hot markets for global manufacturing investment in recent years. This year's show was held against this backdrop with the expectations of market investors.

The show was held in Hall 6 of the venue, Pragati Maidan, divided into a three-day fastener show and a four-day parts and components show. Fastener World led 6 Taiwanese exhibitors to the show, including Ray Fu Enterprise, Chite Enterprises, Hurmg Yieh Machinery, L & W Fasteners, Homn Reen Enterprise, and Yih Tieng Machinery, bringing Taiwan's high-quality and well-received fastener and machinery suppliers with high cost performance ratio to the Indian market. Meanwhile, Fastener World introduced many Taiwanese suppliers to Indian visitors through its publications.

Fastener World’s exhibitor observed that a majority of the show’s exhibitors were local Indian companies, with the rest from Japan, China and other countries. The visitors were mainly local fastener importers, distributors and manufacturers. The products that visitors inquired about were mainly fasteners, CNC products, fastening tools, precision parts, and machines. It was quite good considering the number of visitors. In addition to interacting with visitors, many exhibitors took the opportunity to meet long-time customers. Many buyers were very interested in working with Taiwanese and Chinese fastener and machine manufacturers, looking to find more high-quality product sources. The demand for construction fasteners and various industrial parts was high there. Many Indian manufacturers said they once purchased machines from Taiwan. They said Taiwan provides better quality. There were also some Indian manufacturers looking to find Chinese suppliers who offer cheaper prices.

On another note, BIS certification will pose a future challenge. Initially, only Indian manufacturers were required to have this certification, but in the future, overseas manufacturers who want to sell products to India will also be required to pass this certification. However, the implementation details are currently only drafts and have not yet been officially in force. Companies interested in entering the Indian market must pay more attention to BIS information.

The organizer will announce the next launch of the show. Fastener World will have the latest information and will announce it right away. Log onto Fastener World website at www.fastener-world.com to track the latest development.

Copyright owned by Fastener World / Article by Dean Tseng

RAY FU

YIH TIENG

L & W

CHITE

HOMN REEN

HURMG YIEH

Fastener Fair Vietnam

越南河內螺絲展

匯達越南參觀投資參訪團

Fastener Fair Vietnam 2024 was a 3-in-1 hybrid show, combining VME, ViMAT, and the Fastener Pavilion, held at I.C.E. Hanoi on Aug. 7-9. According to the exhibitor list released by the organizer, there were 145 exhibitors, 44 of which were fastener-related exhibitors, accounting for 30% of the total. Fastener World brought 4 manufacturers representing Taiwanese high-quality fasteners and services to exhibit, including A-Stainless, Taiwan Kodai, Ching Chan Optical, and UniProtech. Fastener World’s staff on-site observed that this show attracted many Taiwanese companies to exhibit, and the show also had a Taiwan pavilion. From here, we can see that Vietnam has also become one of Taiwan's popular investment destinations in Southeast Asia.

With the growing market in Vietnam, we also organized a delegation for those interested in investing Vietnam to visit the factories of 4 local and Taiwanese companies located near Hanoi and Ho Chi Minh City, including Sheh Fung, Thread Industrial, AMA, and Brother Fasteners, and enjoyed a great time in a welcome banquet with Tycoons’ President.

Below are brief introduction of the companies we visited:

Visit to Sheh Fung

Sheh Fung’s new factory in Vietnam has been put into operation since Jan. 2024, hoping to replicate the success of its Taiwan HQ and capitalize on the advantages of the local raw material supply chain and production hinterland.

Visit to Thread Industrial

Thread Industries has been investing in Vietnam for 2+ decades and has obtained IATF 16949, ISO9001 and TAF. It has 2 plants in Binh Duong Province, mainly producing nuts, bolts and small screws for export to advanced countries.

Visit to Brother Fasteners

Visit to AMA

AMA specializes in serving many industry sectors, including automation, CNC processing machinery, die casting, casting, plastic injection molding, sheet metal fabrication, fasteners, traffic safety equipment. It has largescale production bases in Hanoi, Vinh Phuc Province and Bac Ninh City.

Brother Fasteners headquartered in Bac Ninh specializes in the production of screws, bolts, nuts and industrial components. It mainly serves domestic and foreign customers in the automobile, motorbike, bicycle, home appliance, electric/electronic equipment and peripheral industries.

Welcome Banquet with Tycoons

Tycoons specializes in the production of spheroidized wire rods and screws as well as the development of a wide range of construction screws and automotive fasteners, and is currently one of the listed companies on the TWSE.

(For more market info from Vietnam, please don’t miss the upcoming “Fastener World Magazine Sep. issue” for more reviews on our factory visits.)

Copyright owned by Fastener World / Article by Gang Hao Chang, Vice Editor-in-Chief

Taiwan Exhibitiors at FF Vietnam

International Fastener Show

China 2024

Strong Export Potential for

Exhibitors

Th is must-visit annual show for fastener professionals across China was held on May 22 to 24. It used two exhibition halls totaling the area up to 42,000 square meters. According to the exhibitor registration statistics by the organizer, 690 fastener and related exhibitors participated in the show, which successfully attracted tens of thousands of visitors from home and abroad within the 3-day event, once again proving its status as the cornerstone for Chinese fastener industry to expand sales. Fastener World also exhibited at the show to bring you first-hand market intelligence.

Fastener World on-site staff observed that the exhibitors could be categorized into fastener products, forming machines, inspection and sorting machines, packaging machines, raw materials & steel, tools and dies, and heat treatment companies. In addition, there were overseas exhibitors such as Hyodong Machine from South Korea, Sacma from Italy, and Nedschroef, as well as many renowned fastener products and machine manufacturers from Taiwan. Fastener World was also one the exhibitors this year, distributing publications on-site and introducing the companies in the publications as well as the Fastener World export matchmaking platform to visitors from China and around the world to create export connections.

Fastener World's on-site staff reported that the overseas visitors were mainly from Central and South America, with Mexico being the largest visitor source, and some visitors from the United States coming to meet with Chinese suppliers. In addition, the prices of standard fasteners in China are now very low and competition is intense. The local Chinese market is saturating up, so many local companies are turning to export. Last but not least, due to EU anti-dumping duties and the US-China trade war, Chinese machinery exhibitors have now switched their sales targets from Europe and the U.S. to developing countries such as Mexico, India, and South America.

As the show closed, the organizer quickly announced that the 2025 edition will be held at Shanghai World Expo Exhibition & Center from May 22 to 24 again, contributing momentum to the development and prosperity of the fastener industry.

GWO LIAN

TONG MING

JIENG BEEING

JIANCAI

SHANGHAI CHUNZU

ALFIRSTE

NEWBEST WIRE

SANYUNG

PIN SEN

TSLG

JERN YAO

DAGAN

SACMA

HYODONG

YESWIN QUANYING

Vietnam's Largest Machine Tool, Precision Engineering and Metal Processing Technology Exhibition

Saigon Exhibition & Convention Center opened its gate for MTA Vietnam from July 2 to 5, 2024. According to the organizer’s released list of exhibitors, there were 322 exhibitors coming from Germany, India, Italy, Japan, Taiwan, South Korea, Malaysia, Poland, China, Singapore, Thailand, Turkey, the U.S. and Vietnam. The products displayed by the exhibitors related to the fastener industry included fasteners and hardware products, metal forming machines, power tools, tool holders, inspection equipment and gauges, packaging technology, dies, heat treatment technology, etc.

For this edition, the organizer planned pavilions of Germany, Taiwan, and China. In addition, an exhibitors exchange meeting titled "The Journey Towards Sustainability and Carbon Neutral in Manufacturing" was held for discussing topics including sustainability, carbon neutrality, greenhouse gases, and ISO 14064 certification.

Fastener World’s booth encountered visitors from Japan, the U.S., Hong Kong, Arabia, China and India. The largest number of visitors were from Vietnam, showing strong interest in Taiwan's high-quality fastener suppliers. Visitors from the U.S. and Japan were mostly specialized fastener traders, hoping to find more price-competitive fastener suppliers in Vietnam and around the world through Fastener World. The remaining visitors were mostly machine manufacturers and end users of fasteners. Using the most complete database across the fastener industry, Fastener World recommended suitable suppliers to these visitors based on their product needs, connecting Vietnam with the world’s fastener business opportunities.

The organizer will announce the next show date. Stay tuned to the latest announcement on Fastener World website.

Copyright owned by Fastener World / Article by Dean Tseng

A Manufacturing Event That Brings Together Six Major Industries Into One

From July 19th to 22nd, a significant international manufacturing show was held at Bangkok International Trade & Exhibition Centre (BITEC). This show was large and included six areas including auto parts, surface treatment, electronics, robots/automation, facility management, mold making, and plastics, to create the most comprehensive manufacturing and peripheral industry show in Southeast Asia.

A major feature of this show was having pavilions for many countries including China, Singapore, Germany, Taiwan, and Japan. The visual design of each pavilion showed the exhibitors came prepared in a form of unified allies. In addition to local Thai exhibitors, this show gathered a large number of Chinese exhibitors, exceeding the number of other foreign exhibitors. The foreign countries with the second largest number of exhibitors were Japan and Germany. Among the exhibitors, many were manufacturers of medium and large automotive parts. Among the exhibitors that provided fasteners as part of the product line, most were Chinese companies, and additionally there was a South Korean automotive fastener manufacturer. In terms of hardware and washers, there were several exhibitors from China, Thailand and Singapore. In terms of fastener-related peripheral products, there were several Japanese screw feeder manufacturers, as well as several Japanese fastener surface treatment companies.

It is worth noting that in the Taiwan pavilion, many Taiwanese hand tool manufacturers came to exhibit, including well-known manufacturers such as Mobiletron and Proxene. The exhibitors also included hand tool traders and distributors from Japan and Thailand. In addition, many Japanese exhibitors in this show participated in the name of their branches established in Thailand.

Most of the visitors who came to Fastener World’s booth for the latest publications were looking for electronic screws, standard screws, customized screws, hexagonal bolts, automotive bolts, washers, and springs. A Japanese trader representative revealed that his company used to solely import fasteners into Thailand from many Japanese suppliers via the branches in Thailand. However, price considerations have rendered them to begin looking for other suppliers from Asia (including Taiwan) and Southeast Asia this year. In addition, a well-known German fastener developer is about to set up a factory in Thailand and is looking for high-quality fastener suppliers in Asia. Fastener World did its best part to introduce suitable suppliers in the publications to these representatives and other visitors.

The next show will be held again at the same location from June 18 to 21, 2025, and is expected to continue this year's achievements.

Higher Inquiries on Auto Parts and Accessories

印尼雅加達國際緊固件五金展

Inafastener was held at JIExpo Kemayoran in Jakarta, Indonesia, from May 15 to 17 this year, and was concurrently held with the shows for bicycle & motorcycle parts & accessories, tyre & rubber, bus & truck parts & accessories, construction/infrastructure/mining, and trucks & trailers. Although Inafastener, which exhibited a wide range of industrial fasteners and fastening elements, assembly and installation systems, as well as services related to warehousing and logistics, was one of the thematic zones, the number and proportion of exhibitors of hardware and fasteners was relatively small, as the overall exhibition area was still dominated by exhibitors from automotive and motorcycle related industries.

This year, Fastener World also participated in the exhibition and distributed our latest magazines on-site, in order to build a bridge with local supply chains and potential customers for those interested in expanding into the Indonesian market and deepening their business layout in the ASEAN markets. According to the observation of Fastener World's staff on-site, this year's show was more of a regional show. Although there were a few exhibitors from Japan, Taiwan, Vietnam and China, the majority of exhibitors were local. Automotive parts and accessories were the products with high enquiries this year. In addition, in response to the industry's concern about energy saving and carbon reduction, some exhibitors displayed products and services related to energy saving or low carbon technology.

The organizer has announced that the next show will be held on May 21-23, 2025. For more information, please visit our website at www.fastener-world.com

Copyright owned by Fastener World Article by Gang Hao Chang, Vice Editor-in-Chief

Emerging Fastener Markets News

compiled by Fastener World

Association News

China High Quality Collaborative Development Industry Alliance for Wind Power Fasteners is Launched

中國風電緊固件高質量協同發展產業聯盟正 式成立

The High Quality Collaborative Development Industry Alliance was established at the Beijing Wind Power Fasteners Technology Exchange Conference on April 8. More than 40 companies participated in the meeting and discussed existing issues in all aspects of the entire life cycle of wind power fasteners.

The wind power industry is in a period of rapid development. Fasteners are key components in wind power equipment, and their quality and technological advancement are crucial to the safe operation and long-term stability of the equipment. Strengthening exchanges and cooperation across the wind power fastener industry chain, jointly promoting fastener technology innovation and application, and standardizing market-oriented behavior have become urgent for the development of the current wind power fastener industry.

To this end, the National Technical Committee on Fastener Standardization established the High Quality Collaborative Development Industry Alliance for Wind Power Fasteners. The committee invited wind power companies, machine manufacturing companies, fastener manufacturers, universities, scientific research institutes and related service agencies to join the alliance to jointly promote the high-quality development of China's wind power fasteners.

Industry Development

New Report Shows How Global South Can Minimize the CBAM Impact

The report by the Centre for Science and Environment (CSE) estimated that at a rate of €100 (or US $106) per ton of carbon dioxide equivalent, CBAM would impose an average tax burden of 25% annually over and above the value of CBAM-covered goods exported to the EU by India. The report shared recommendations on how developing countries can proactively take steps to mitigate CBAM's liability, while also transforming their manufacturing sectors to shift towards low-carbon processes. In line with their demand for financing, developing countries must have sectoral mitigation plans in place outlining specific measures and targets for emissions reductions in key emitting sectors of their economies, the report suggested. In order to lessen the effects of paying the tax to the EU (or any other nation enforcing a similar mechanism), developing nations should tax their exports domestically and reinvest the proceeds into a decarbonization fund under government management, the report recommended.

This strategy does not interfere with fair trading conditions with the EU and satisfies the EU's demand for the establishment of a domestic carbon pricing system, in this case, a carbon tax. Additionally, it keeps the money in the developing nation.

The report suggested that emerging nations take into consideration varied production techniques for various markets and trade partners as a stopgap strategy. Using green production methods for products going to areas with CBAMs may be a temporary measure while the nation's manufacturing sector progressively becomes less carbonintensive.

The report said that if climate policies are to permeate trade agreements, climate justice must be at the core of this development. This requires considering the burden-sharing aspect of climate policy in trade as well. In this light, the report proposed a system where developing countries could impose a ‘historical polluter tax’ on trade partners to fund their own decarbonization efforts. Trade partners who have contributed a specific amount to the total historical CO2 emissions since the pre-industrial era may be subject to this tax.

Thailand to Impose Carbon Tax Next Year, Starting at 200 Bahts Per Ton

泰國明年課徵碳稅，每噸200泰銖

Thailand plans to implement carbon tax when the Global Warming Act comes into effect in 2025. The carbon tax rate will be 200 bahts per ton. Thailand’s launch of carbon tax will help integrate with Europe’s CBAM regulations affecting five commodities in 2026.

Ekniti Nitithanprapas, head of Thailand Excise Department, said that the implementation of carbon tax will adopt international standards and emissions will be taxed at the source. For example, in the past, vehicles were levied based on engine exhaust volume, but now they are levied on carbon dioxide emissions. Vehicles with carbon emissions exceeding 200 grams per kilometer are subject to a tax rate of 35%; vehicles with carbon emissions below 150 grams per kilometer are subject to a tax rate of 25%.

Trust Shattered with Indian Finance Minister’s Decision to Reduce the SME’s Budget

印度盧迪亞納城扣件業者對財政部長的信任徹底崩潰

Indian Government Bans Screw Imports Priced Less Than Rs 129 Per Kg

印度政府禁止進口價格低於每公斤129 盧比的螺絲

In a move to promote local manufacturing of screws, the government has prohibited the imports of certain kinds of screws- priced lower than Rs 129 per kg. “The import policy of screws...is revised from free to prohibited. However, import shall be free if CIF (cost, insurance, freight) value is Rs 129 or above per kg,” the Directorate General of Foreign Trade (DGFT) said in a notification. The ban is imposed on coach crews, machine screws, wood screws, hook screws, and selftapping screws.

The trust of Ludhiana-based industrialists got shattered as Finance Minister Nirmala Sitharaman did not announce relaxation in the 45-day payment rule for the micro, small and medium enterprises (MSMEs). During the campaigning for the Lok Sabha(House of the People) poll, the industrialists had met Sitharaman, who had promised a rollback of the rule. Further, the Finance Minister’s decision to reduce the Budget of the Ministry of Micro, Small and Medium Enterprises from Rs 23,177 crore to Rs 21,549 crore has taken the industrial hub by surprise.

Badish Jindal, president, Federation of Punjab Small Industries Association, said, “Finance Minister Nirmala Sitharaman didn’t speak a word on Section 43B (45-day payment rule), which she had promised to roll back while campaigning in Ludhiana. MSMEs are feeling cheated throughout India. Instead of announcing subsidies or incentives, the Budget of the Ministry has been reduced. The only saving grace is that one can avail loan up to Rs 20 lakh instead of Rs 10 lakh under the Pradhan Mantri Mudra Yojana (a load scheme by Prime Minister Modi),” said Jindal.

Gurmeet Kular, chief of the Federation of Industrial and Commercial Undertaking, said the industrialists had appealed to the Finance Minister to review the 45-day payment rule due to the cancellation of contracts by buyers and suppliers who need to pay tax on delayed payments. “This new clause came into effect from April 1. The Finance Minister had promised to review it, but nothing has been done in this regard,” he added.

Even the Fastener Manufacturers’ Association of India is extremely disappointed with the proposals. Narinder Bhamra, president, Fastener Manufacturers’ Association of India, said, “There is nothing much for the MSMEs. They should have taken steps to form a steel regulatory authority, upgradation of credit linked capital subsidy scheme, reduction in import duty on machinery and provisions of social security for taxpayers. There is no fresh subsidy or support in the Budget for the MSMEs. There is no word on withdrawal of Section 43B, which is hurting the MSMEs.” Several schemes such as credit support to the MSMEs during stress period and credit guarantee scheme for the MSMEs in the manufacturing sector existed only on paper, said Bhamra.

India imported screws, bolts, nuts, washers and similar articles worth US$468.15 million during April-October FY24 and US$827 million in entire FY23 mostly from France, China, Belgium, Australia, Bangladesh and Brazil.

EVs Flock in Brazil Before New Tariff Takes Effect

巴西新關稅實施前大量中國電動汽車湧 入

Brazil's car import soared in the first quarter of 2024, driven by an inflow of EVs from China. The data released by the Brazilian Ministry of Development, Industry, Trade and Services showed that from January to March, Brazil's passenger car import increased by 46.4% year-on-year, reaching a market value of USD 1.5 billion.

Out of this market value, Chinese cars alone accounted for about 40%, and the import surged by 450% compared with the same period in 2023. The Ministry said the growth in import was driven by cars imported from China, which were mainly pure electric and hybrid vehicles.

The import tax on EVs had been reduced to zero since 2015, but Brazilian President Lula reinstates it this year to encourage the development of the domestic auto industry. Starting in January, the import tariff for pure EVs was 10%, increased to 18% in July and will eventually reach 35% in July 2026. Hybrid vehicles were subject to a 15% import tax earlier this year, which rose to 25% in July, and will reach 35% in July 2026.

Mexico Levies Tariff on Chinese Fasteners, Effective Immediately

墨西哥對中國扣件徵收 進口關稅並立即生效

Mexican President López Obrador signed an act to impose temporary import tariffs of 5% to 50% on 544 items, including fasteners, steel, and aluminum. Mexico News Daily reported that new tariffs are imposed on hundreds of imported products from countries with which it has not signed a trade agreement, and said that this move seems to be mainly aimed at China.

The act is effective from April 23 and will be valid for two years. According to the act, fasteners will be subject to a temporary import tariff of 35%. The fastener products involved include square head screws, other wood screws, hook screws and ring screws, self-tapping screws.

Goods imported from regions and countries that have signed trade agreements with Mexico (including the U.S., Canada, the EU, as well as CPTPP signatory countries such as Australia, Chile, Japan, and Vietnam) will enjoy preferential tariff treatment if they meet the relevant provisions of the agreement.

USITC Tariff Revision: Different Rates for Chinese Fasteners

美國國貿委員會關稅修正: 中國扣件適用不同稅率

According to the recently announced revision to the General Schedule of Tariff Applications of the U.S. International Trade Commission (USITC), certain fasteners from People’s Republic of China under HS Code 7318 and its subcategories will be subject to different tariff rates (and up to 45% for some subcategories), in addition to the preferential rates for certain countries and the normal rates for the rest of the countries. For details of the applicable rates, please visit https://hts.usitc.gov and click “Chapter 73” for further details or download the list.

Ukraine Announces Extension of AD Measures Against Steel Fasteners from China

Ukraine's Interdepartmental Commission on International Trade has announced the extension of anti-dumping duties on steel fasteners originating from China. The extension is force from April 17, 2024. Except for 2 Chinese producers subject to lower AD rates less than 40%, all other Chinese steel fastener producers and exporters are subject to a rate of 67.4%. The products involved are threaded steel screws, bolts, nuts imported from China, falling within the categories of 7318156990, 7318158190, 7318198169190 and 7318169990.

The AD measures were first introduced in Ukraine in 2020 and the AD investigation was launched in Dec. 2019 and completed earlier than expected. Ukraine also announced the final AD measures against steel wire originating from China last August, which will be valid for 5 years at a rate of 32.6%.

In the Turkish Automotive Sector, the Market Grew by 24 Percent in the First Quarter of the Year

24 %

The Automotive Industry Association (OSD) announced the data for the first quarter of 2024. Compared to the same period of the previous year, total production increased by 3 percent and amounted to 377 thousand 70 units. Together with tractor production, total production increased to 390,925 units. In the commercial vehicle group, production decreased by 4 percent in the first quarter of the year, and in the light commercial vehicle group by 5 percent, while there was a 1 percent increase in the heavy commercial vehicle group. Compared to the first quarter of 2023, the commercial vehicle market increased by 2 percent, the light commercial vehicle market increased by 3 percent, while the heavy commercial vehicle market increased by 1 percent. In the first quarter of the year, compared to the same period of the previous year, total automotive exports increased by 1 percent on a unit basis. In this period, total exports amounted to 256,511 units. Capacity utilization rates on the basis of vehicle group were 77 percent in light vehicles (cars + light commercial vehicles), 78 percent in the truck group, 64 percent in the midibus group and 74 percent in the tractor group.

Exports Increased by 5 Percent to 9.2 Billion US Dollars!

In the first quarter of the year, automotive exports increased by 1 percent on a unit basis compared to the same period of the previous year and amounted to 256,511 units. Tractor exports, on the other hand, decreased by 13 percent compared to the same period of 2023 and amounted to 4,562 units. According to the data of the Turkish Exporters Assembly, total automotive industry exports maintained their top position in the sectoral export ranking with 14 percent in the first quarter of 2024. According to the data of Uludağ Exporters' Associations (UIB), total automotive exports in the first three months increased by 5 percent compared to the same period of 2023 and reached 9.2 billion US dollars. In euro terms, it increased by 3 percent to 8.5 billion euros. In this period, main industry exports increased by 6 percent in dollar terms, while supply industry exports increased by 3 percent.

EMERGING FASTENER MARKETS NEWS

The Turkish Iron and Steel Industry is Hopeful for the Second Half of the Year

In the first month of 2024, Turkey's exports increased in total, while the iron and steel sector accounted for 10.3 percent of exports. While the global decline in ferrous and non-ferrous metals also had an effect in January, there was an increase of 2.1 percent in the steel sector as a result of the increasing demand. The positive start of the year to the sector, which declined in the 12 months of last year, made the sector smile. Both sectors predict that the postponed demands will come especially in the second half of the year and that exports will increase further in this period. Stating that they started the year with an export performance in line with their expectations, Mediterranean Ferrous and Non-Ferrous Metals Exporters' Association (ADMIB) President Fuat Tosyalı stated that the increase in the steel sector gave morale to the sector. Stating that 2023 was a difficult year in the steel industry, Tosyalı said that they expect exports to be better in both ferrous and non-ferrous metals and the steel sector in 2024.

Turkey's exports made a positive start to 2024. In January, exports increased by 3.6 percent to more than US$20 billion. In this month, Turkey's exports of ferrous and non-ferrous metals decreased by 10.5 percent to 940 million US dollars, while steel exports increased by 2.1 percent to 1.1 billion US dollars. The increase in the steel sector, which declined in the 12 months of last year, after a 1-year decline period, also increased the hopes of the sector for 2024. Ferrous and non-ferrous metals exports had a share of 4.7 percent in Turkey's total exports, while the share of steel exports was 5.6 percent. In January, the ferrous and non-ferrous metals exports of the ADMIB decreased by 8.5 percent to 63 million US dollars, while steel exports reached 121 million US dollars with a record increase of 32.3 percent.

Double-digit Increase in Export to European Countries

In January, the Turkish top steel exporter was Germany with 178 million USD, followed by Italy with 113 million USD and Romania with 105 million USD. Among the top 10 markets, the most striking increases were seen in exports to Spain with 42 percent, Romania with 32 percent and the United Kingdom with 28 percent.

In ADMIB's exports, it was seen that Algeria ranked first with an export of 16.9 million USD, followed by Iraq with 16.3 million USD and Germany with 12.3 million USD. Among the top 10 markets, increases of 465 percent were recorded in Greece, 260 percent in Algeria, 90 percent in Romania and 79 percent in the United Kingdom.

"Our Goal is to Contribute to Our Country's Economy at the Highest Level"

Evaluating the export data for January, ADMIB President Fuat Tosyalı made the following statements: "We had a 17 percent increase in the January exports of our iron and steel sectors on a quantity basis. It is pleasing that the number of orders we receive is increasing. Especially in our steel sector, we could not increase exports last year, and starting this year with an increase gave morale to our sector. We can compete with the whole world with our quality. If we can add the competitiveness in price to this, we think that the demand will increase more. Considering today's conditions, we anticipate that our iron and steel sectors will receive more demand, especially in the second half of the year, and therefore will reach a higher export performance compared to the first half of the year. However, instead of waiting for the demand to come, we need to create an environment that will meet the demand. On the one hand, we focus on compliance with the EU Green Deal; on the other hand, we think that we will meet every demand that may come with increases in our capacities. We believe that the investments of many of our companies in our sector last year will make a positive contribution to both production and exports this year. Our goal is to increase our share in world trade with the revival of demand and to contribute to our country's economy at the highest level."

Companies Development

Jern

Yao Names New Brazilian Sales Agents

正曜企業任命新的巴西銷售代理

Together, Taiwanese Chum Yuan, and the Brazilian RWD have the mission to increase sales in the region for Jern Yao. The commercial manager of Jern Yao Enterprises Co., Ltd, Mr. Paul Lin has appointed Taiwanese company Chum Yuan Co., Ltd. (CYC), and Brazilian RWD International (RWD) as its business partners in Brazil. The nomination occurred at the end of November in 2023, involving machines sales and services.

Effectively present to connect with many Brazilian fastener manufacturers, Jern Yao Enterprises, a traditional brand for more than 30 years, has been active in production of multi-stage machines, dedicated to cold forming processes. Its lines are divided into three series: 1) Bolt Formers, with 2 to 5 stages, for forming screws; 2) Nut Formers, with 5 to 6 stages, for making nuts; 3) Part Formers, with 5 to 7 stages, for pressing special parts.

Ray Hsieh (CYC), Rodrigo Wents, Deives Duran (RWD)

Potential Fastener Market: Saudi Arabia

潛在扣件市場-沙烏地阿拉伯

Introduction

Saudi Arabia has a population of 35.3 million, and the nation's economic landscape is robust and diverse. The GDP, measured at purchasing power parity (PPP), stood at an impressive US$2.2 trillion, reflecting a remarkable growth rate of 8.7% in 2023. Over the past five years, the average growth rate has been a steady 2.4%, contributing to a high per capita income of US$66,836. Despite this economic vigour, the country faces a 7.4% unemployment rate, highlighting ongoing challenges in the labour market. Inflation, however, remains controlled at 2.5%, suggesting stable consumer prices. Foreign Direct Investment (FDI) inflow reached US$7.9 billion, indicating a strong international investment appeal. Public debt is relatively low, comprising 23.8% of the GDP, positioning the nation favourably in terms of fiscal health. Saudi Arabia, a cornerstone of the Middle East, is undergoing a transformative economic and industrial revolution. This metamorphosis is creating a burgeoning market for fasteners, components essential to construction, manufacturing, and automotive sectors.

The Saudi Arabian Landscape

Saudi Arabia's economy is undergoing a profound shift, driven by “Vision 2030”, a comprehensive plan aimed at diversifying the economy beyond oil. This ambitious initiative is fuelling investments in various sectors, including infrastructure, manufacturing, and renewable energy. Consequently, the demand for fasteners, of construction and industrial projects, is on the rise.

Key Drivers of Market Growth

The Scale of the Opportunity

To put the fastener demand in perspective, consider these figures:

Total construction value: Saudi Arabia's construction sector is projected to reach US$250 billion by 2025.

Fastener consumption per project: A typical construction project can consume anywhere 150 kilograms of fasteners per square meter. (In a typical 100 square meters house, the use of fasteners, including nails and screws, is substantial. For instance, around 44,120 nails and 1,076 screws are estimated to be used. When

converted to weight, these figures amount to approximately 145.59 kilograms of nails and 4.85 kilograms of screws, totalling about 150.44 kilograms of fasteners.

Some of the mega projects of construction in Saudi Arabia:

1- Mega Infrastructure Projects: Saudi Arabia is undertaking massive infrastructure projects, such as the futuristic NEOM city, which requires a vast array of fasteners for buildings, bridges, and transportation systems.

• NEOM, The Epitome of Fastener Demand: NEOM, a planned US$500 billion megacity, stands as a testament to Saudi Arabia's audacious vision. Envisioned as a hub for innovation and technology, NEOM will require an estimated 4 million metric tons of fasteners during its construction phase alone. This staggering figure underscores the scale of the fastener demand generated by such projects. Estimating the total amount of fasteners needed for the NEOM project is a complex task due to its immense scale and the variety of construction types involved. NEOM encompasses several ambitious projects, such as

INDUSTRY FOCUS

Copyright owned by Fastener World / Article by Behrooz Lotfian

THE LINE, Oxagon, and Trojena, with a construction workforce expected to exceed 200,000 by next year. For a standard residential building, approximately 1.5 kg of fasteners are required per square meter. Given NEOM's extensive construction area, if we assume that 10% of its 26,500 square kilometer area (2,650 square kilometers or 2.65 billion square meters) is actively under construction, this leads to an estimated need for around 3.975 billion kg of fasteners. This estimate illustrates the massive scale of resources needed for NEOM, emphasizing the project's unprecedented demands on construction materials and labour (WIRED Middle East1) (NEOM: Made to Change2).

• Beyond NEOM: Other megaprojects across the kingdom are driving substantial fastener demand:

o Red Sea Project: This luxury tourism development will encompass over 50 islands and require extensive construction, including hotels, resorts, and infrastructure.

o Qiddiya: Positioned as a global entertainment, sports, and culture hub, Qiddiya will feature theme parks, sports stadiums, and residential areas, all of which will necessitate a vast array of fasteners.

o Riyadh Metro: This ambitious public transportation project alone is expected to consume thousands of tons of fasteners for its tracks, stations, and supporting structures.

2- Manufacturing Boom: The government's focus on industrialization is leading to the establishment of manufacturing hubs across the country, boosting demand for fasteners in various industries. Some manufacturing project in Saudi Arabia are:

• Automotive Industry Growth: The expanding automotive sector, both in terms of production and sales, necessitates a steady supply of fasteners for vehicle assembly and repair. Saudi Arabia's automotive sector is experiencing a period of robust expansion, driven by a combination of factors including rising incomes, a growing population, and government initiatives to stimulate domestic manufacturing. This surge in automotive activity has created a significant demand for fasteners, essential components in vehicle assembly and repair.

o Booming Vehicle Sales: New car sales in Saudi Arabia have witnessed substantial growth in recent years. Saudi Arabia Motor Vehicles Sales recorded 758,791 units in Dec 2023, compared with 616,491 units in the previous year. Saudi Arabia Motor Vehicles Sales is updated yearly, available from 2005 to 2023, with an average number of 562,900 units.

o Domestic Manufacturing: The Saudi Arabian government is actively promoting the development of a domestic automotive manufacturing industry. Initiatives

like the National Industrial Development and Logistics Program (NIDLP) aim to attract global automotive manufacturers to set up production facilities within the country. This localization push will further amplify the demand for fasteners.

o Aftermarket Growth: The existing vehicle fleet in Saudi Arabia is also expanding, leading to a thriving afterma rket for spare parts and repairs. This segment creates consistent demand for a variety of fasteners used in vehicle maintenance and repair operations.

• Renewable Energy Push: Saudi Arabia's commitment to renewable energy involves constructing solar and wind farms, creating opportunities for fastener manufacturers in this sector.

Last Word

The Saudi Arabian fastener market is poised for substantial growth, driven by the country's ambitious economic transformation. While challenges exist, the opportunities are immense for businesses that can navigate the market effectively. By understanding the market dynamics, addressing challenges proactively, and leveraging strategic partnerships, companies can position themselves for success in this promising market. While the Saudi Arabian fastener market presents immense potential, several challenges must be addressed:

• Supply Chain Disruptions: Global supply chain vulnerabilities can impact the availability and cost of raw materials and finished products.

• Competition: The market is becoming increasingly competitive with both domestic and international players vying for market share.

• Localization Requirements: To succeed, businesses may need to establish local production facilities or partnerships to comply with government regulations.

• Quality Standards: Adherence to stringent quality standards is crucial for gaining customer trust and market share.

Despite these challenges, the opportunities are abundant:

• Localization and Value Addition: Businesses can capitalize on the government's focus on localization by setting up manufacturing facilities or assembly plants.

• Technological Advancements: Adopting advanced technologies for production, quality control, and supply chain management can provide a competitive edge.

1 https://wired.me/technology/how-saudi-arabias-ai-powered-neom-megacity-will-actually-be-built/ 2 https://www.neom.com/en-us/newsroom/neom-hosts-global-contractor-forum-to-shape-future-projects

Exploring Egyptian Fastener Trade Fluctuations

Introduction

The fastener industry, encompassing products such as screws, nuts, bolts, and rivets, is an essential component of various sectors, including construction, automotive, aerospace, and manufacturing. Egypt, with its strategic location connecting Africa, the Middle East, and Europe, plays a significant role in the global fastener trade. This article delves into the fluctuations in the Egyptian fastener trade, examining the factors driving these changes, the impact on the economy, and the future outlook.

Historical Context

x t

Egypt's fastener industry has seen notable growth over the past few decades, primarily driven by the expansion of its construction and manufacturing sectors. The country's efforts to modernize its infrastructure, coupled with increased foreign investment, have significantly boosted demand for fasteners. Projects such as the construction of the New Administrative Capital and various transportation infrastructure developments have been key drivers of this growth.

However, this positive trajectory has not been without challenges:

Economic Policies and Market Reforms:

While domestic economic policies have sometimes fostered growth, they have also presented hurdles. Egypt's periodic economic instability and fluctuations in fiscal policies can create an uncertain business environment. The devaluation of the Egyptian pound, while making exports more competitive, has also increased the cost of imported raw materials and components necessary for local fastener production.

Infrastructure and Technological Advancements:

The fastener industry in Egypt often struggles with technological obsolescence. Many local manufacturers operate with outdated equipment, leading to lower productivity and

higher production costs compared to global competitors who invest heavily in modern, automated manufacturing technologies. This technological gap affects the quality and competitiveness of Egyptian fasteners in international markets.

Export Market Challenges:

Despite efforts to penetrate international markets, Egyptian fastener exports have been declining. This trend highlights several issues:

‧ Limited Production Capacity: The focus on meeting domestic demand has constrained the ability to scale up production for exports.

‧ Global Competition: Competing with countries like China and Germany, which have advanced manufacturing technologies and economies of scale, remains a significant challenge.

‧ Quality Perception: In some international markets, Egyptian fasteners are perceived as lower quality compared to those from more industrially advanced countries, affecting their marketability.

Regulatory and Trade Barriers:

Trade policies and regulatory barriers also play a critical role. Protective tariffs can make imported fasteners expensive, benefiting local producers but potentially leading to higher costs for downstream industries that rely on these fasteners. Conversely, the absence of favourable trade agreements can hinder the export potential of Egyptian fasteners, limiting access to lucrative international markets.

INDUSTRY FOCUS

Market Dynamics

Egypt's fastener market is characterized by a mix of domestic production and imports. Local manufacturers produce a range of fasteners, primarily for the domestic market, while imports fill the gap for specialized or high-quality fasteners not produced locally. According to the Egyptian General Authority for Investment and Free Zones (GAFI), domestic production accounts for approximately 60% of the market, with imports making up the remaining 40%.

Examining the trade statistics provides insight into the fluctuations in the Egyptian fastener market. Below is the import and export data and analysis for fasteners (HS code 7318) over the past five years.

Import Analysis

Year-by-Year Trends:

Egypt's fastener imports have shown fluctuations that reflect broader economic and industrial trends in the country.

‧ 2021: The significant dip to USD 118.7 million reflects the pandemic's full impact, as many construction and manufacturing projects were delayed or halted, reducing the immediate demand for fasteners.

‧ 2022-2023: A robust recovery to USD 135.6 million in 2022 and further growth to USD 140.1 million in 2023 suggest a rebound in economic activities. The resumption of infrastructure projects and increased manufacturing outputs drove this demand surge.

Source Country Dynamics:

China's dominance in Egypt's fastener imports (accounting for about 56% in 2023) underscores a few critical points:

‧ Competitive Pricing: China's ability to offer competitively priced fasteners makes it a preferred supplier. This pricing advantage is crucial for Egypt, where cost considerations are significant in large-scale infrastructure projects.

‧ Production Capacity: China’s vast production capacity ensures a steady supply of fasteners, which is vital for meeting the high demand from Egypt's expanding construction and manufacturing sectors.

‧ European countries, especially Italy and Germany, provide high-quality fasteners, reflecting a demand for reliable and durable products in sectors where quality cannot be compromised, such as automotive and aerospace industries.

‧ 2019-2020: Imports slightly decreased from USD 137.3 million in 2019 to USD 135 million in 2020. This minor dip could be attributed to the initial impacts of the COVID-19 pandemic, which disrupted global supply chains and led to slower industrial activities.

Impact of Global Trends:

‧ Steel Prices: The global price of steel, a primary raw material for fasteners, influences import volumes and values. Fluctuations in steel prices can either inflate or reduce import costs, impacting overall trade dynamics.

‧ Supply Chain Disruptions: Geopolitical tensions and global trade policies also affect fastener imports. For instance, any disruption in shipping routes or increased tariffs can influence import costs and availability.

Export Analysis

Declining Trends:

The decline in fastener exports from USD 6 million in 2019 to USD 2.6 million in 2023 highlights several challenges:

‧ Production Capacity: Limited production capacity restricts the ability to produce surplus fasteners for export. Egyptian manufacturers may be prioritizing domestic demand over international markets due to production constraints.

‧ Global Competition: Competing against countries with advanced manufacturing technologies and economies of scale is challenging. This competition limits Egypt's ability to expand its footprint in the global fastener market.

Export Destinations:

Spain’s role as the largest importer of Egyptian fasteners suggests targeted niches where Egyptian products meet specific needs. Jordan and Sudan’s positions highlight regional trade dynamics, where geographical proximity and established trade relationships facilitate exports.

Broader Implications

Economic Impact:

‧ Infrastructure Development: The fluctuating import trends closely align with Egypt’s infrastructure development phases. Periods of high import volumes often correlate with peak construction activities, indicating a strong linkage between the two sectors.

‧ Industrial Growth: The fastener trade’s health is a bellwether for overall industrial growth. Increased imports of fasteners typically signal robust manufacturing and construction activities, contributing to broader economic growth.

Monitoring Global Trends:

Employment and Industrial Policy:

‧ Job Creation: The fastener industry, though not labor-intensive, contributes to job creation in manufacturing and logistics. Fluctuations in trade volumes can impact employment levels in these sectors.

‧ Government Policies: To mitigate the decline in exports, government policies could focus on enhancing production capacities, providing incentives for technological upgrades, and exploring new international markets through trade agreements.

Future Prospects

Strategic Initiatives:

‧ Technological Upgrades: Investing in advanced manufacturing technologies can enhance the quality and quantity of domestically produced fasteners, making them more competitive internationally.

‧ Diversification: Diversifying export markets beyond regional neighbours to include more distant but potentially lucrative markets can help stabilize and grow export revenues.

‧ Sustainable Practices: Adopting sustainable manufacturing practices can open new market segments, especially in regions with stringent environmental regulations.

‧ Supply Chain Resilience: Developing strategies to manage supply chain disruptions, such as establishing buffer stocks or diversifying suppliers, can mitigate the impact of global uncertainties.

‧ Trade Agreements: Negotiating favourable trade agreements can lower tariffs and open new markets for Egyptian fasteners, supporting export growth.

Conclusion

The Egyptian fastener trade, characterized by significant import and export fluctuations, reflects broader economic and industrial dynamics. While imports have rebounded post-pandemic, exports face challenges due to limited production capacity and intense global competition. Strategic initiatives focusing on technological upgrades, market diversification, and sustainable practices can enhance Egypt's position in the global fastener market, ensuring sustained growth and stability.

By leveraging its strategic geographical location and investing in its manufacturing capabilities, Egypt can strengthen its fastener industry, contributing to broader economic development and industrial growth. Continuous monitoring of trade statistics and market trends will provide valuable insights, enabling stakeholders to navigate the complexities of the fastener trade effectively.

Copyright owned by Fastener World / Article by Shervin Shahidi Hamedani

Fastener Business Opportunities in UAE

阿聯酋扣件市場商機剖析

Introduction

The United Arab Emirates (UAE), with a population of approximately 10 million, showcases a robust economic profile. The country's GDP (measured at Purchasing Power Parity) stood at a significant US$835.1 billion, reflecting a 7.9% growth in 2023, and a five-year average growth rate of 1.9%. The GDP per capita was an impressive US$84,657, underscoring the nation's economic prosperity. Unemployment in the UAE was relatively low, at 3.4%, indicating a healthy job market. However, the inflation rate, measured by the Consumer Price Index (CPI), was 4.8%, presenting some economic challenges. Foreign Direct Investment (FDI) inflow into the UAE totaled US$22.7 billion, showcasing the country's attractiveness to international investors. Despite these strengths, the UAE maintained a manageable public debt level at 31.1% of its GDP. This economic backdrop sets the stage for exploring the vast business opportunities within the UAE's strategic location, coupled with its robust economy and ambitious infrastructure projects, positions it as a pivotal hub for fastener manufacturing and supply.

Key Drivers of the Fastener Industry

The UAE's geographical position as a gateway between the East and the West offers significant advantages for fastener manufacturers and suppliers. It facilitates easy access to international markets, promoting trade and export activities. Based on this strategic location UAE manufacturing sectors also grow, for example in:

• Infrastructure Development: The UAE's ambitious infrastructure development is a key catalyst for its economy. Mega projects like:

o Expo 2020 Dubai (Oct 1, 2021 – Mar 31, 2022): Expo 2020 Dubai was a monumental event that left a lasting impact on the UAE's economy. With a staggering US$6.8 billion invested in urban development and infrastructure, the Expo served as a catalyst for growth. This significant financial injection fuelled construction projects, created jobs, and stimulated innovation, solidifying Dubai's position as a global business and tourism hub.

o Etihad Rail network is driving immense demand for construction materials. It is a cornerstone of the UAE's infrastructure development. Spanning over 1,200 kilometers, this ambitious US$30 billion project connects all seven emirates, facilitating efficient transportation of goods and passengers. By linking major industrial centers, ports, and population hubs, Etihad Rail is revolutionizing logistics, reducing transportation costs, and boosting economic growth. As a vital component of the GCC railway network, it strengthens regional trade and reinforces the UAE's position as a global logistics hub.

o Coupled with ongoing urban expansions in Abu Dhabi and Dubai: Abu Dhabi and Dubai are experiencing unprecedented urban growth, with ambitious development projects transforming the skylines. Billions of dollars are being poured into residential, commercial, and infrastructure developments. For instance, Abu Dhabi's Saadiyat Island cultural district, valued at over US$27 billion, and Dubai's massive real estate projects like Dubai Creek Harbour, estimated at US$6 billion, are driving a construction boom that necessitates vast quantities of

Copyright owned by Fastener World Article by Dr. Sharareh Shahidi Hamedani, UNITAR International University

high-quality fasteners to support these ambitious urban expansions. (Estimated to inject over US$82 billion into the economy.)

o Construction Boom: The UAE's construction sector is experiencing a robust upswing, fuelled by a staggering US$590 billion project pipeline. With over US$87 billion worth of projects awarded in 2023 alone, the demand for construction materials is soaring. The residential market, buoyed by thousands of new units in Dubai and steady growth in Abu Dhabi, coupled with largescale commercial and infrastructure developments, creates a consistent and substantial need for fasteners, underpinning the sector's vitality.

• Industrialization: The UAE's strategic shift towards economic diversification is driving robust industrial growth.

o The Automotive Industry: The UAE boasts a thriving automotive industry, contributing significantly to its economy. In 2022, the sector's value reached approximately US$17.5 billion, showcasing its robust growth. According to the latest market report published by Credence Research, the UAE demand for used cars market was valued at USD 20.2 billion in 2023 and is expected to reach USD 48.2 billion in 2030, growing at a CAGR of 11.50% between 2023 and 2030. The country is a major hub for luxury and high-performance vehicles, with Dubai hosting the world's largest auto show. Moreover, the UAE is actively transitioning towards electric vehicles, with a growing charging infrastructure and supportive government policies. With over 2.5 million registered vehicles, the automotive industry remains a key driver of the UAE's economic landscape.

o The Aerospace Industry: The UAE has emerged as a significant player in the global aerospace industry. With strategic investments and a focus on innovation, the sector has witnessed substantial growth. The industry's value is estimated to be around US$5 billion, contributing significantly to the nation's GDP. The country boasts a robust aerospace ecosystem, encompassing aircraft maintenance, repair, and overhaul (MRO) services, as well as components manufacturing. Additionally, the UAE is home to several leading airlines and cargo carriers, further bolstering its position in the aerospace sector. The aerospace industry's reliance on precision and durability aligns perfectly with the critical role of fasteners. Aircraft construction and maintenance demand a vast array of high-strength, lightweight, and corrosion-resistant

expand, so does the demand for specialized fasteners, creating lucrative opportunities for manufacturers and suppliers.

o The Petrochemical Sector: The UAE's petrochemical sector is undergoing a massive expansion. A projected US$135 billion investment is being channelled into this industry, fuelling the construction of new plants, refining facilities, and infrastructure. This surge in activity is creating a robust demand for industrial equipment, machinery, and materials, including a vast array of fasteners essential for the assembly and operation of these large-scale petrochemical projects.

o The Power Generation Industry: The UAE's power generation industry is experiencing a surge, with its value exceeding US50 billion. This rapid expansion necessitates the construction of massive power plants, transmission lines, and distribution networks. To support this infrastructure, a colossal amount of industrial fasteners is required. From securing turbine components to reinforcing power substations, the demand for these essential elements is skyrocketing, mirroring the industry's robust growth.

Additionally, the manufacturing sector, anticipated to contribute US15 billion to the GDP, further amplifies the need for high-quality fasteners to support this industrial expansion.

Conclusion

The UAE's geographical position, coupled with its ambitious infrastructure development, significantly boosts the fastener market. Major projects such as Expo 2020 Dubai, the Etihad Rail network, and ongoing urban expansions in Abu Dhabi and Dubai inject billions of dollars into the economy, driving demand for construction materials, including fasteners.

In addition to infrastructure, the UAE's shift towards industrialization fuels the growth of key sectors such as automotive, aerospace, petrochemical, and power generation. The automotive industry's projected growth to US$48.2 billion by 2030, the aerospace sector's strategic investments, the petrochemical industry's US$135 billion expansion, and the power generation industry's surge all create substantial demand for high-quality fasteners. The manufacturing sector, expected to contribute US$15 billion to the GDP, further amplifies the need for fasteners, solidifying the UAE as a dynamic and lucrative market for fastener manufacturers and