Fastener-World Magazine No.191_Global Version by Fastener-World

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Advertisers Index A

310EXPRESS COMPANY (Japan) Security, Tamper Proof, Anti-theft Screws...

174

A-PLUS SCREWS INC. Chipboard Screws, Customized Special Screws / Bolts...

256

A-STAINLESS INTERNATIONAL CO., LTD. Chipboard Screws, Concrete Screws, Deck Screws...

淳康

172

A & M PRODUCTS CO., LTD. Automotive Fasteners...

奕瑞

429

A. JATE STEEL CO., LTD. 正楓 All Kinds of Nuts, All Kinds of Screws, Automotive Screws...

434

ABC FASTENERS CO., LTD. Drop-in Anchors, Expansion Anchors, Wire Anchors...

331

ABIS INNOVATION AND TECHNOLOGY new 亞比斯 Total Solution to Replace and Pickling Process

聯欣

AEH FASTEN INDUSTRIES CO., LTD. Clevis Pins, Dowel Pins, Hollow Rivets...

ALEX SCREW INDUSTRIAL CO., LTD. 禾億 Button Head Cap Screws, Button Head Socket Cap Screws...

鉞昌

148

ALISHAN INTERNATIONAL GROUP Fastener Tools, Bolts, Screws, Nuts, Stamping Parts...

奧立康

152

ALZIN COATING SYSTEMS CO., LTD. Surface Treatment And Related Equipment...

添福德

AMBROVIT S.P.A. (Italy) Chipboard Screws, Combined Screws, Machine Screws...

132

AMPLE LONG INDUSTRY CO., LTD. Hollow Rivets, Drive Rivets, Semi-tubular Rivets...

寬長

445

AN CHIAO MOLDS CO., LTD. Dies, Punch Dies, Carbide Quill, Punches, Pins...

安喬

456

ANCHOR FASTENERS INDUSTRIAL CO., LTD. 安拓 ETA Series, Anchor Bolts, Anchor Nuts, Automotive Parts...

67 143 90 307 80 418

237

APEX FASTENER INTERNATIONAL CO., LTD. Nuts, Wing Nuts & Bolts, Turning Parts, Stamping Parts

嵿峰

ARK FASTECH CORP. Multi-Station Cold Forging Bolts / Nuts...

方舟

ARUN CO., LTD. Bi-metal Screws, Chipboard Screws, Drywall Screws...

鉅耕

ATOTECH TAIWAN LIMITED Zinc Plated, ED Coating, Surface Treatment…

阿托

AUTOLINK INTERNATIONAL CO., LTD. Automotive Screws, Machine Bolts, Flange Nuts...

浤爵

419

CANATEX INDUSTRIAL CO., LTD. Nuts, Turning Parts, Bolts, Plastic Injection Parts...

221

CEDAR HOUSE CO., LTD. 奕柏 Chipboard Screws, Countersunk Screws, Drywall Screws...

404

CELEBRITE FASTENERS CO., LTD. 曜維 Carbon Steel Screws, Collated Screws, Construction Fasteners...

304

CHAN CHANGE MACHINERY CO., LTD. Screw Head Making Machines...

長薔

165

CHAN LIANG ENTERPRISE CO., LTD. Bi-Metal Screws, Collated Screws, Stainless Cap Screws...

銓良

204

CHANG BING ENTERPRISE CO., LTD. Hook Bolts, Holders / Hooks / Rings, Dowel Screws...

彰濱

153

CHANG YI BOLT CO., LTD. 6 Cuts/ 8 Cuts Self Drilling Screws, A2 Cap Screws...

長益

319

CHENG FANG YUAN MACHINERY INDUSTRIAL 正方元 Arraying Feeders, Filling Feeders, Nut Tapping Machines

285

CHENG HENG INDUSTRIAL CO., LTD. Stainless Steel Cable Ties, Hose Clamps, Band Buckles...

425

CHIA SING SCREW INDUSTRIAL CO., LTD. 佳興 Sems Screws, Customized Screws, Rivets, Lathe Turning Parts...

CHIAN YUNG CORPORATION SEMS Screws

保力德

成亨

將運

145

CHIAO CHANG PNEUMATIC TOOL CORP. 喬章 Hydraulic Riveters, Rivnut Tools, Nibblers, Engraving Pens...

255

CHIEN SEN WORKS CO. LTD. Carbide Dies, Carbide Pins, Hexagon Pin Punches...

千森

308

CHIEN TSAI MACHINERY ENTERPRISE Thread Rolling Machines

鍵財

412

CHIH FU MECHANICS CO., LTD. Special Screws, Open Die Products...

智富

CHIN LIH HSING PRECISION ENTERPRISE 金利興 Automotive Nuts, Brass Inserts, Bushes, Bushings...

296

CHING CHAN OPTICAL TECHNOLOGY Eddy Current Sorting Machines, Fastener Makers...

精湛

128

CHIREK FASTENER CORPORATION Stainless Steel Fasteners, Self-Drilling Screws, Washers...

錡瑞

CHONG CHENG FASTENER CORP. Cap Nuts, Coupling Nuts, Conical Washer Nuts...

宗鉦

121

CHU WU INDUSTRIAL CO., LTD. Combined Screws, Customized Special Screws/Bolts...

雷堤

324

CHUM YUAN CO., LTD. High Speed Bolt Pointer

琛元

441

CHUN CHAN TECH CO., LTD. 浚展 Eddy Current Sorting Machine, Optical Measurement Instrument...

AVIOUS ENTERPRISE CO., LTD. Chipboard Screws, Drywall Screws, Flange Screws...

艾伯斯

BCR INC. Automotive Screws, Piston Pins, Weld Bolts (Studs)...

必鋮

321

182

BESTAI ENTERPRISE CO., LTD. 天裕峰 Precision and Reliable Fasteners from Turning, Cold Forging...

CHUN KAI MACHINERY CO., LTD. 駿凱 Straightening Machines, Straightness Measuring Instruments...

108

101

BESTWELL INTERNATIONAL CORP. Eye Bolts, Flanged Head Bolts, Hanger Bolts...

凱壹

CHUN YU WORKS & CO., LTD. Wheel Bolts, Chipboard Screws, Drywall Screws...

300

316

BIING FENG ENTERPRISE CO., LTD. 秉鋒 Blind Nut Formers, Multi-station Cold Forming Machines...

CHUN ZU MACHINERY INDUSTRY CO., LTD. 春日 Cold Headers, Header Toolings, Heading Machines...

213

聖泰

BI-MIRTH CORP. 吉瞬 Carbon Steel Screws, Chipboard Screws, Concrete Screws...

CLC INDUSTRIAL CO., LTD. Nylon Insert Nuts, Tee Nuts, Small Nuts, Square Nuts...

173

COPA FLANGE FASTENERS CORP. Hex Nuts, Hex Flange Nuts, Combi Nuts, Weld Nuts...

國鵬

CPC FASTENERS INTERNATIONAL CO., LTD. Stainless Steel, Bi-metal Self-drilling Screws...

冠誠

6 271

BOLTUN CORPORATION Automotive Screws, Bushes, Conical Washer Nuts... BOSS PRECISION WORKS CO., LTD. Self-tapping Screws, Self-drilling Screws...

恒耀工業伯獅

春雨

大楊

249

DAH SHAN PLASTICS CO., LTD. Electrical Wire Molding, Crash-proof Strip, Ventilation...

大山

322

DAH-LIAN MACHINE CO., LTD 大連 Fastener Maker, Thread Rolling Machines, Heading Machines...

110

DAR YU ENTERPRISE CO., LTD. Chipboard Screws, Drywall Screws, Screw Nails…

達宇

124

139

DE HUI SCREW INDUSTRY CO., LTD. Drywall Screws, Decking Screws, Self-drilling Screws...

德慧

413

DELTEKS INDUSTRIES INC. 見承 Wheel Bolts, Bushes, Thread Forming Screws, All Kinds of Screws...

223

FONG WUNS CO., LTD. Flange Nuts, Stainless Steel Nuts, Special Parts...

鋒汶

DIING SEN FASTENERS INDUSTRIAL CO., LTD. 鼎 Chipboard Screws, Corrosion Resistant Screws...

138

FONG YIEN INDUSTRIAL CO., LTD. Eyebolts, Spindles...

宏盈

Cover Page

FANG SHENG SCREW CO., LTD. Shoulder Bolts, Button Head Socket Cap Screws..

芳生

FASTENER JAMHER TAIWAN INC. Automotive Nuts, Blind Nuts / Rivet Nuts, Bushings...

占賀

FASTNET CORP. Dowel Pins, Flange Nuts, Weld Nuts, 4 Pronged T Nuts...

俊鉞

FILROX INDUSTRIAL CO., LTD. Blind Nuts / Rivet Nuts, Tee or T Nuts, Blind Rivets...

惠錄

FONG PREAN INDUSTRIAL CO., LTD. 豐鵬 Automotive Screws, Bi-metal Screws, Brass & Bronze Screws...

登琳

FORTUNE BRIGHT INDUSTRIAL CO., LTD. Cap Nuts, Dome Nuts, Nylon Cap Insert Lock Nuts...

鋒沐

DRAGON IRON FACTORY CO., LTD. Bi-metal Self-drilling Screws, Sheet Metal Screws...

龍昌

FU HUI SCREW INDUSTRY CO., LTD. Automotive & Motorcycle Special Screws / Bolts...

福輝

DRA-GOON FASTENERS INC. Chipboard Screws, Phillips Head Screws, TEK Screws...

丞曜

FU KAI FASTENER ENTERPRISE CO., LTD. 福凱 Precision Electronic Screws, Special Screws, Weld Screws...

116

DUNFA INTERNATIONAL CO., LTD. 敦發 Bushes, Spacers, Automotive Parts, Tubes, Turning Parts...

118

FUSHANG CO., LTD. 甫商 Carbon Steel Screws, Chipboard Screws, Concrete Screws...

103

E CHAIN INDUSTRIAL CO., LTD. Chipboard Screws, Drywall Screws, Machine Screws...

毅程

427

GELA & COMPANY Expansion Anchors, Eye Bolts, Hanger Bolts...

蕙寶

217

E.FULL ENTERPRISE CO., LTD. new Various Screws, Nuts and Bolts...

鐿富

310

GIAN-YEH INDUSTRIAL CO., LTD. Rivet Dies, Self-drilling Screw Dies, Screw Tip Dies...

健業

135

E.U.R.O.TEC GMBH (Germany) All Kinds of Screws, Bi-metal Self-drilling Screws...

273

GINFA WORLD CO., LTD. 濟音發 Chipboard Screws, Countersunk Screws, Drywall Screws...

157

EASON TECH INDUSTRIAL CO., LTD. Spring Pins, Cage Nuts, Clip Nuts, Retaining Rings...

鈺森

140

GOFAST CO., LTD. Open Die Parts, Stamping Parts, Assembly Parts...

150

EASYLINK INDUSTRIAL CO., LTD. Automotive Nuts, Thread Forming Screws...

易連

339

GREENSLADE & COMPANY, INC. (U.S.A.) Concentricity, Ring Gage, Plug Gage Calibration, Gages...

410

EGYPT BOLT FOR METAL INDUSTRIES (Egypt) new Tapping Screws, Chipboard Screws, Drywall Screws...

129

GUANG ZHE ENTERPRISE CO., LTD. Collated Washer Paper Tape, Collated Screw Tape...

312

E-UNION FASTENER CO., LTD. 奕盟 Conveyors, Thread Rolling Machines, Heading Machines...

318

GWO LIAN MACHINERY INDUSTRY CO., LTD. 國聯 Handstand Type Wire Drawing Machines, Non-Stop Coilers...

277

EVEN LONG INTERNATIONAL CO., LTD. Collated Screw Guns, Collated Nails, Collated Screws...

111

265

EVEREON INDUSTRIES, INC. Hose Clamps, Ear Clamps, Clamp Racks...

HAO CHENG PLASTIC CO., LTD. Plastic Box Maker for Fasteners

402

420

EVER-TOP HARDWARE CORP. 祥頂 Acme Nuts, Automotive Nuts, Castle Nuts, Cold Forged Nuts...

HAN HSIN PRECISION INDUSTRIAL CO., LTD. 漢欣 Assembly Captive Screws, Automotive & Motorcycle Screws...

342

HARVILLE FASTENERS LTD. 豪威爾 Special Screws and Bolts, Sems Screws, Stainless Steel Fasteners...

FAITHFUL ENGINEERING PRODUCTS CO., LTD. 誠毅 Anchors, Box Nails, Door/Window Accessories...

131

HAUR FUNG ENTERPRISE CO., LTD. 豪舫 External Tooth Washers, Long Carriage Bolts, Roofing Bolts...

FALCON FASTENER CO., LTD. Automotive & Motorcycle Special Screws / Bolts...

176

HEADER PLAN CO. INC. Chipboard Screws, Collated Screws, Deck Screws...

130 22

DIN LING CORP. Chipboard Screws, Drywall Screws, Furniture Screws...

DA YANG ENTERPRISE CO., LTD. Special Automotive Nuts, Special Weld Nuts...

連長永德興

鉮達

喬邁

光柘

皓正

Advertisers Index H

HISENER INDUSTRIAL CO., LTD. 海迅 Wood Construction Screws, Chipboard Screws, Drywall Screws...

106

HO HONG SCREWS CO., LTD. 合鋒 Alloy Steel Screws, Button Head Cap Screws, Chipboard Screws...

244

HOLD RICH INTERNATIONAL CO., LTD. 鋐騏 Combined Screws, Double Lead Thread Screws, Flange Screws...

421

JENG YUH CO., LTD. Plastic Injection Products, Plastic Mold R&D…

政毓

269

HOMN REEN ENTERPRISE CO., LTD. Bi-metal Screw, Collated Screws, Composite Screws...

宏穎

454

JERN YAO ENTERPRISES CO., LTD. Multi-station Cold Forming, Parts Forming Machines...

正曜

320

HONG FU METAL INDUSTRIAL CO., LTD. 鴻富 Heading Machine, Thread Rolling Machine, Nut Former...

JET FAST COMPANY LIMITED Blind Nuts / Rivet Nuts, Aircraft & Aerospace Washers...

捷禾

325

HONG TAY YUE ENTERPRISE CO., LTD. Wire Straighteners, Hydraulic Clamping Machines...

鴻大裕

426

JGB INDUSTRIAL INC. CNC Parts, Forming & Turning Parts, Special Sems

金城

437

HONG YING FASTENERS ENTERPRISE CO., LTD. 虹瑩 Alloy Steel Screws, Automotive Screws, Socket Head Cap Screws...

215

JI LI DENG FASTENERS CO., LTD. 吉立登 Alloy Steel Screws, Appliance Screws, Automotive Screws...

188

HOPLITE INDUSTRY CO., LTD. 合利 Bushings, Prevailing Torque Nuts, PT Screws, Roofing Screws...

275

JIANGSU WASHEN FASTENER MANUFACTURE 華盛 Blind Rivets, Rivet Nuts & Riveting Tools…

HOSHENG PRECISION HARDWARE CO., LTD. 和昇 Auto Parts, CNC Machined Parts, Bolts...

163

JIEN KUEN ENTERPRISE CO., LTD. 健坤 Hexagon Nuts, Nylon Cap Insert Lock Nuts, Square Nuts...

416

HSIEN SUN INDUSTRY CO., LTD. 憲順 Hexagon Nuts, Tubular Nuts, Spacers, All Kinds of Screws...

405

HSIN CHANG HARDWARE INDUSTRIAL CORP.欣彰 Anchor Bolts, Anchors, Plastic Fasteners...

415

209

HSIN HO MEI PLASTIC CO., LTD. 鑫合美 Plastic Screws, Plastic Nuts, Plastic Washers, Plastic Anchors...

171

HSIN HO MFG. CO., LTD. Drive Pins, Gas Nails, Anchors, Powder Actuated Tools...

興和

250

JINGFONG INDUSTRY CO., LTD. 璟鋒 Hex Nylon Insert Lock Nuts, Wing Nuts with Nylon Insert...

HSIN HUNG MACHINERY CORP. Cap Nuts, Flange Nuts, Hexagon Nuts, Dome Nuts...

欣翃

234

JIN-YINGS ENTERPRISE CO., LTD. Special Custom Fasteners, Auto/Motorcycle Fasteners…

晉營

HSIN JUI HARDWARE ENTERPRISE CO., LTD. 欣瑞 Bushes, Construction Bolts, Special Cold / Hot Forming Parts...

JOKER INDUSTRIAL CO., LTD. Hollow Wall Anchors, Concrete Screws, Jack Nuts...

久可

154

HSIN YU SCREW ENTERPRISE CO., LTD. Acme Screws, Hexagon Head Cap Screws...

新雨

HU PAO INDUSTRIES CO., LTD. Automotive Nuts, Flange Nuts, Hexagon Nuts...

如保

169

HUANG JING INDUSTRIAL CO., LTD. Custom Washers, Chipboard Screws, Drywall Screws...

皇晉

146

HWA HSING SCREW INDUSTRY CO., LTD. Chipboard Screws, Collated Screws, Drywall Screws...

華興

257

HWAGUO INDUSTRIAL FASTENERS CO., LTD. 華國 Springs, Special Washers, Multi-die Forming Fasteners...

141

HWALLY PRODUCTS CO., LTD. Drop-in Anchors, Chipboard Screws, Anchors...

樺麟

440

HWEI NEN CO., LTD. Automotive & Motorcycle Special Screws / Bolts...

輝能

313

JA DEN ENTERPRISE CORP., LTD. Drilling Screws JAU YEOU INDUSTRY CO., LTD. 朝友 Chipboard Screws, Drywall Screws, High Low Thread Screws...

JIN SHIN CHYUAN INDUSTRY CO., LTD. Automotive & Motorcycle Special Screws / Bolts...

金欣全

JIN SHING STAINLESS IND. CO., LTD. 竣鑫 Self-tapping Screws, Machine Screws, Chipboard Screws... JIN TA TRADING CO., LTD. Special Nuts

金達

281

KAN GOOD ENTERPRISE CO., LTD. 鋼固 Fastener, Hardware, Plastic, Instruction Booklet Package in Bags...

233

KAO WAN BOLT INDUSTRIAL CO., LTD. Hex Head Cap Screws, Carriage Bolts, Hex Lag Bolts...

高旺

137

KATSUHANA FASTENERS CORP. Collated Screws, Drywall Screws, Roofing Screws...

濱井

330

KEIUI INTERNATIONAL CO., LTD. Self-drilling Screw Forming Machines

鎧渝

422

KEY-USE INDUSTRIAL WORKS CO., LTD. 凱雍 Flanged Head Bolts, Milled Bolts, Rim Bolts, Round Head Bolts...

336

KIM UNION INDUSTRIAL (UNION MACHINERY)金友聯 Thread Rolling Machine, Thread Rolling Dies...

KING CENTURY GROUP CO., LTD. Drop-in Anchors, Self-drilling Anchors, Sleeve Anchors...

慶宇

167

KING HO CHANG CO., LTD. Bit & Bit Sets, Bit Sets, Bits, Precision Screwdrivers...

金禾昌

恆鉅

306

KING YUAN DAR METAL ENTERPRISE Continuous Type Heat Treating Furnace

金元達

178

INNTECH INTERNATIONAL CO., LTD. 建豪 All Kinds of Nuts, All Kinds of Screws, Automotive Special Screws...

267

KINGFUDA PRECISION CO., LTD. 星富達 Bi-Metal Screws, Chipboard Screws, Stainless Steel Screws...

164

iTAC LABORATORY CO., LTD. Independent laboratory services for fastener tests

329

KINGSYEAR CO., LTD. Carbide Dies, Carbide Pins, Hex Recess Punches...

406

J. T. FASTENERS SUPPLY CO., LTD. Drop-in Anchors, Floating Nuts, Connecting Nuts...

179

KLIMAS (Poland) Timber Construction Screws

411

KO YING HARDWARE INDUSTRY CO., LTD. Automotive & Motorcycle Special Screws / Bolts...

INFINIX PRECISION CORP. Customized Punches and Dies

204

英飛凌

407

INMETCH INDUSTRIAL CO., LTD. Flanged Head Bolts, Locking Bolts, Stud Bolts...

J.C. GRAND CORPORATION All Kinds of Screws, Chipboard Screws...

鼎誠

金祐昇俊良

金祥億

柯穎

311

KUANG TAI METAL INDUSTRIAL CO., LTD. Stainless Steel Cold Heading Wire

廣泰

KWANTEX RESEARCH INC. Chipboard Screws, Drywall Screws, Furniture Screws...

寬仕

126

L & W FASTENERS COMPANY Construction Fasteners, Flat Washers, Heavy Nuts...

335

LI YUN MACHINERY CO., LTD. Hot Dip Galvanizing

156

LIAN CHUAN SHING INTERNATIONAL 連全興 Weld Nuts, Special Parts, Special Washers, Flat Washers...

447

LIAN SHYANG INDUSTRIES CO., LTD. Nut Formers, Nut Tapping Machines

317

LIAN TENG MACHINERY INDUSTRY CO., LTD. 聯騰 Cold Headers, Self-drilling Screw Forming Machines...

436

LIN YU ENTERPRISE CO., LTD. Custom Thru-hole Parts, Coupling Nuts, Bushings...

林裕

151

LINK-PRO TECH CO., LTD. Customized Screws/Nuts, Pressing & Deep Drawing...

超傑

458

LINKWELL INDUSTRY CO., LTD. 順承 All Kinds of Screws, Automotive & Motorcycle Special Screws...

LOCKSURE INC. Custom Washers, Flat Washers, Automotive Screws...

LONG THREAD FASTENERS CORP. Bi-metal Self-drilling Screws, Chipboard Screws...

NOVA. FASTENER CO., LTD. 鑫星 Hexagon Nuts, Square Nuts, Wood Screws, Chipboard Screws...

247

ON-SPRING INDUSTRIAL CO., LTD. Spring SealTM Pipe Flashings, Roofing Washers...

彩羽

280

ORANGE FASTENERS Nuts, Screws, Bolts, Bushing, Rivets, Special Parts...

橙品

241

PACKWELL GROUP Bi-metal Screws, Stainless Steel Screws

開懋

PENGTEH INDUSTRIAL CO., LTD. SEMs Screws, Special Screws, Binder Screws, PT Screws...

彭特

326

POINTMASTER MACHINERY CO., LTD. Self-drilling Screw Forming Machines...

昶詠

142

PPG INDUSTRIES INTERNATIONAL INC. TAIWAN 必丕志 Chromium-free Coating, ED Coating...

259

PRO POWER CO., LTD. Screws, Bolts...

連翔

鉑川

PRO-VISA (LIN) INT'L CORP. 佾鼎 Self-drilling Screws, Stainless Steel Screws, Furniture Screws...

125

PS FASTENERS PTE LTD. (Singapore) Washers, Socket Set Screws, U Bolts, Alloy Steel Screws...

汎昇

122

Q-NUTS INDUSTRIAL CORP. Flange Nuts, Weld Nuts, Special Nuts, Spacers...

友俊

龍業百起

144

QST INTERNATIONAL CORP. 恒耀國際 Hexagon Head Bolts, Square Head Bolts, Weld Bolts (Studs)...

443

QUAN LIAN ENTERPRISE CO., LTD. Weld Screw Machinery

134

RAY FU ENTERPRISE CO., LTD. 瑞滬 Construction Screws, Automotive Parts, Special Fasteners...

今湛長隆順

323

LU-YI DIE WORKS CO., LTD. Drill Point Dies

如翌

MAC PRECISION HARDWARE CO. Turning Parts, Precision Metal Parts, Cold Forged Nuts... MACRO FASTENERS CORP. new Multi-Station Screws, Nuts, Washers, Furniture Screws...

鑫瑞

MAO CHUAN INDUSTRIAL CO., LTD. Professional Stamping Manufacturer

貿詮

287

REXSON FASTENERS INC. 睿驊 Stainless Steel Screws, Automotive Parts, Special Products...

MASTER UNITED CORP. Chipboard Screws, Drywall Screws, Furniture Screws...

永傑

192

RODEX FASTENERS CORP. Chipboard Screws, Hexagon Head Cap Screws...

158

MASTERPIECE HARDWARE INDUSTRIAL 金全益 Brass Screws, Chipboard Screws, Double End Screws...

162

RONG CHANG METAL CO., LTD. 榮釧 Spring Lock Washer, Flat Washer, Conical Spring Washer...

258

MAUDLE INDUSTRIAL CO., LTD. 茂異 Button Head Socket Cap Screws, Flange Washer Head Screws...

303

444

MAXTOOL INDUSTRIAL CO., LTD. Plastic Screws, Drop-in Anchors, Expansion Anchors...

系格

SACMA LIMBIATE S.P.A. (Italy) Net-Shape Parts Former

202

MEGA LINK ENTERPRISES CO., LTD. Cold/Hot Forging Machinery & Accessories

慶諺

MIN HWEI ENTERPRISE CO., LTD. Button Head Socket Cap Screws, Chipboard Screws...

明徽

298

MING TANG MACHINERY (WEN YANG) Screw Head Making Machines, Bolt Parts Former...

玟暘

連宜

華祺

SAN SHING FASTECH CORP. Automotive Nuts, Automotive Parts, Carbide Dies...

三星

340

SAN TZENG ENTERPRISE CO., LTD. Forming & Tapping Oil for Bolts & Nuts

三城

290

SAN YUNG ELECTRIC HEAT MACHINE CO., LTD. 三永 Aluminum & Low Alloy Melting Furnaces, Annealing Furnaces...

424

SANHWNG ENTERPRISE CO., LTD. Frame Screws, Special Screws, Bolts, Nuts, Anchors...

杉晃

246

SANSOAR ENGINEERING SALES, INC. Machine Parts, Industrial Components...

上碩

207

SCREW KING CO., LTD. Frame Screws, Special Screws, Bolts, Nuts, Anchors...

進旌

107

SCREWTECH INDUSTRY CO., LTD. Machined Parts, Thumb Screws, Micro Screws...

銳禾

昶彰

451

SEN CHANG INDUSTRIAL CO., LTD. 昇錩 Customized Special Screws / Bolts, Socket Head Cap Screws...

ND INDUSTRIES ASIA INC. 穩得 ND Pre-Applied Processes, Advanced Sealing Technologies...

432

SHANGHAI FAST-FIX RIVET CORP. Blind Rivets, High Shear Rivets, Closed End Rivets...

337

NEW BEST WIRE INDUSTRIAL CO., LTD. 強新 Iron or Steel Wire Rod, Alloy Steel Wire & Rod, Stainless Steel Wire...

333

SHEEN TZAR CO., LTD. Self-Drilling Screw Machines & Dies

MODERN ALLOY PLATING CO., LTD. Zinc Plating, Lubricants

頂吉興

239

MOLS CORPORATION Home Appliance Screws, Customized Screws...

冠鑫

161

MOUNTFASCO INC. 崎鈺 All Kinds of Screws, Alloy Steel Screws, Automotive Screws...

114

NCG TOOLS INDUSTRY CO., LTD. Tools for Fastening Anchors, Blind Nuts / Rivet Nuts...

REXLEN CORP. Clinch Nuts, Clinch Studs, CNC Parts, Stamped Parts...

全鏈

宏觀

430

利運

LOYAL & BIRCH CO., LTD. Construction Fasteners and Building Fasteners

170

112

金大鼎

123

飛可斯新讚

Advertisers Index S

224

SHEH FUNG SCREWS CO., LTD. Chipboard Screws, Countersunk Screws, Wood Screws...

世豐

226

SHEH KAI PRECISION CO., LTD. Bi-metal Concrete Screw Anchors, Bi-metal Screws...

314 438

TICHO INDUSTRIES CO., LTD. 帝潮 Bi-metal Self-drilling Screws, Timber Screws, Collated Screws...

世鎧

428

TINA FASTENER CO., LTD. 金榮達 Sems Screws, Weld Screws, Automotive Parts, Flange Nuts...

136

SHEN CHOU FASTENERS INDUSTRIAL CO., LTD.神洲 Button Head Cap Screws, Chipboard Screws...

TONG HEER FASTENERS (THAILAND) CO., LTD. Hex Bolts, Stud Bolts, Socket Cap Screws, Hex Nuts…

SHIH HSANG YWA INDUSTRIAL CO., LTD. 新倡發 Flange Nuts, Flange Nylon Nuts With Washers...

TONG HEER FASTENERS CO., SDN. BHD. (MALAYSIA) Stainless Steel Metric Screws, Stainless Steel Screws...

168

SHIN CHUN ENTERPRISE CO., LTD. 昕群 Automotive Screws, Chipboard Screws, Customized Screws...

439

TONG HO SHING INTERNATIONAL CO., LTD. 桐和興 Hex Washer Head Screws, Indent Hex Head Screws...

414

SHUENN CHANG FA ENTERPRISE CO., LTD. 舜倡發 Long Screws, Concrete Screws, Machine Screws...

TONG HWEI ENTERPRISE CO., LTD. A2 Cap Screws, Button Head Socket Cap Screws...

東徽

149

SHUN DEN IRON WORKS CO., LTD. Fastener Tools, Bolts, Screws, Nuts, Stamped Parts...

順典

TONG MING ENTERPRISE CO., LTD. Stainless Steel Fasteners, Wire Rods…

東明

235

SHYANG SHENG PRECISE INDUSTRY CO., LTD. 翔笙 Precision Molds, Mechanical Parts, Electrical Components...

417

TSAE FARN SCREWS HARDWARE CO.,LTD. 2 Cap Screws, Aircraft Nails, All Kinds of Screws...

采凡

229

SIN HONG HARDWARE PTE. LTD. (Singapore) 新豐 Hexagon Nuts, Hexagon Head Bolts, Blind Rivets...

TSENG WIN Ceiling Anchors, Cut Anchors, Drop-in Anchors...

成盈

211

SOON PORT INTERNATIONAL CO., LTD. Collated Screws, Drywall Screws, Self-Drillig Screws...

鴻錡

200

TSUNG YANG INTERNATIONAL CO., LTD. 宗揚 Self-drilling Screws, Roofing Screws, Self-tapping Screws...

SPEC PRODUCTS CORP. Lincensee Fasteners, Turned/Machined Parts...

友鋮

327

TUNG FANG ACCURACY CO., LTD. Carbide Pins, Carbide Dies, Polygon R-type Punches...

SPECIAL FASTENERS ENGINEERING CO., LTD. 托福 Automotive Fasteners, Double End Screws, Electronic Screws...

120

TYCOONS GROUP ENTERPRISE CO., LTD. 聚亨 Chipboard Screws, Collated Screws, Deck Screws, Drywall Screws...

SPECIAL RIVETS CORP. Blind Nuts / Rivet Nuts, Blind Rivets, Air Riveters...

恆昭

309

TZE PING PRECISION MACHINERY CO., LTD. 智品 Open Die Machines, Cold Headers, Cold Forming Machines...

166

STARBEST ENTERPRISE CO., LTD. Automotive Screws, Parts & Precision Electronic Screws...

展洋

183

289

STEEL STONE CO., LTD. 岡岩 Double Lead Thread Screws, Double-head Screws/Bolts...

UNISTRONG INDUSTRIAL CO., LTD. 六曜 Retaining Nuts, Sleeve Nuts, Weld Nuts, Automotive Screws...

328

SUN CHEN FASTENERS INC. 展鴻鑫 Cup Washers, Flanged Head Bolts, T-head or T-slot Bolts...

UTA AUTO INDUSTRIAL CO., LTD. 有達 Blind Rivet Assembly Machine, Cable Clip & Nail Assembly Machine...

315

SUN FAME MANUFACTURING CO., LTD. 商匯 Shank Slotting Machines, Screw Point Cutting Machine...

261

VERTEX PRECISION INDUSTRIAL CORP. 緯紘 6 Cuts/ 8 Cuts Self Drilling Screws, Barrel Nuts, Cap Screws...

253

WAN IUAN ENTERPRISE CO., LTD. 萬淵 Punches/Dies of Various Nuts, Screws, Sleeves and Socket Boxes

279

WAYNETEL INDUSTRIAL CO., LTD. Standard & Non-Standard Fasteners

24 196 12

SUNCO INDUSTRIES CO., LTD. (Japan) new Distributors Specializing in Fasteners

東鈁

104

SUPER CHENG INDUSTRIAL CO., LTD. 世暘 Nuts & Auto Parts, Flange Bolts, Sockets & Threaded Rods...

SUPER DPD CO., LTD. 三御 All Kinds of Screws, Bi-metal Screws, Carbon Steel Screws...

292

SUPER NUT INDUSTRIAL CO., LTD. 傑螺 Blind / Rivet Nuts, Security Fasteners, Barrel Nuts, Machine Parts...

WE POWER INDUSTRY CO., LTD. Chipboard Screws, Concrete Screws, Drywall Screws...

210

SUZHOU RIVMATE IMPORT & EXPORT Blind Rivets, Rivet Nuts & Riveting Tools…

WEI IN ENTERPRISE CO., LTD. Cone Nuts, Spacers, Special Nuts, Collars, Bushings...

瑋瑩

275

338

WEI LIANG CORPORATION Centralized Lubricating Systems...

維良

423

TAIWAN LEE RUBBER CO., LTD. Bonded Washers, E.P.D.M. Vulcanized, Pipe Flashing...

台力

160

WEI ZAI INDUSTRY CO., LTD. Anchors, Automotive Nuts, Cap Nuts, Flange Nuts...

葦在

231

TAIWAN NYLON WASHER CO., LTD. 東佑典 Rubber Washers, Silicone Washers, Plasterboard Nails...

403

WELLFLY ENTERPRISE CO., LTD. Automotive Fasteners, Turned Parts...

瑋展

205

TAIWAN PRECISION FASTENER CO., LTD. Drywall Screws, Wood Construction Screws, Roofing Screws...

448

WILLIAM SPECIALTY INDUSTRY CO., LTD. Chipboard Screws, Concrete Screws, Drywall Screws...

TAIWAN SELF-LOCKING FASTENERS IND. 台灣耐落 Nylok®, Precote®, Nycote®, Nyplas®, Loctite®...

283

WIN POWMAX CORP. 優力克 Riveter, Grease Gun, Caulking Gun, Air Impact Wrench...

TANG AN ENTERPRISE CO., LTD. Customized Automotive Parts and Special Fasteners

鏜安

133

THREAD INDUSTRIAL CO., LTD. Chipboard Screws, Flange Nuts, Heavy Nuts...

英德

263

WINLINK FASTENERS CO., LTD. 岡山東穎 Stainless Steel Screws, Flange Bolts, Security Bolts, SEMS Screws... WINRIDE INTERNATIONAL CO., LTD. new 英茂 Wrenches, Screwdriver Bits, Bicycle Tools...

42 155 34

瑞美特

187

華特威力寶

威廉特

WISEMETAL ENTERPRISE CO., LTD. 恆信 Self-Drilling Screws, Wing Collated Screws, Sheet Metal Screws...

409 14

446

創惠

WYSER INTERNATIONAL CORP. Cage Nuts, Cap Nuts, Clinch Nuts, Acme Screws...

緯聯

YESWIN MACHINERY CO., LTD. Bolt Formers, Multi-station Cold Forming Machines...

友信

YI CHUN ENTERPRISE CO., LTD. 誼峻 Cap Screws, Socket Set Screws, Cage Nuts, Automotive Parts...

YI HUNG WASHER CO., LTD. Rubber Washers, Plastic Screws, Custom Washers...

益弘

334

YI SHENG MACHINERY CO., LTD. Self-drilling Screw Froming Machines

鎰晟

332

YI TI MOLD ENTERPRISE CO., LTD. Header Punches, Pin Punches, Thread Rolling Dies...

煜鈦

YING MING INDUSTRY CO., LTD. Automotive & Motorcycle Special Screws / Bolts...

穎明

YING YI CO., LTD. Sems Parts, Special Nuts, Pressed Parts...

穎翊

64 100

WIZTECH FASTENER LTD. new Screws, Nuts, Machining Parts, Plastic Parts...

YOUR CHOICE FASTENERS & TOOLS CO., LTD. 太子 A2 Cap Screws, Bits & Bit Sets, Chipboard Screws...

452

YOW CHERN CO., LTD. 侑城 Flanged Head Bolts, Chipboard Screws, Floorboard Screws...

203

YU RUEN HARDWARE CO., LTD. 裕潤 Automotive Fasteners, Customized Nuts, Special Screws or Bolts

102

YUH CHYANG HARDWARE INDUSTRIAL Automotive & Motorcycle Special Screws / Bolts...

鈺強

248

YUN CHAN INDUSTRY CO., LTD. Bit & Bit Sets, Hex Keys, Nut Setters, Wrench Sets...

雍昌

127

YUNG KING INDUSTRIES CO., LTD. 榮金 Dowel Pins, Roll Pins, Self-locking Pins, Cotter Pins, Split Pins...

201

Z & D PLATING CO., LTD. 瑞達信 Precision Barrel Plating Finishes, Zinc & Zinc-Nickel Alloy...

341

ZEN-YOUNG INDUSTRIAL CO., LTD. 仁陽 Fastener Assembly Machines, Hopper & Packaging Equipment...

450

ZYH YIN ENT. CO., LTD. Euro Screws, Dowel Pins, Allen Keys, Confirmat Screws...

Exhibitions

展覽

至盈

408 MACTECH EGYPT 2021

Machines & Equipment 機械暨周邊設備區

316 304 319 308 296 441 321 300 322 312 339 318 320 325 454 330 336 306 311 335 447 317 202 298 337 326 443 303 340 290 333 315 314 309 328 338 446 334 201 341

Tooling / Dies 445 255 324 310 313

AN CHIAO MOLDS CO., LTD. CHIEN SEN WORKS CO., LTD. CHUM YUAN WORKS CO., LTD. GIAN-YEH INDUSTRIAL CO., LTD. INFINIX PRECISION CORP.

安喬千森琛元健業英飛凌

BIING FENG ENTERPRISE CO., LTD. 秉鋒 CHAN CHANGE MACHINERY CO., LTD. 長薔 CHENG FANG YUAN MACHINERY INDUSTRIAL 正方元 CHIEN TSAI MACHINERY ENTERPRISE CO., LTD. 鍵財 CHING CHAN OPTICAL TECHNOLOGY CO., LTD. 精湛 CHUN CHAN TECH CO., LTD. 浚展 CHUN KAI MACHINERY CO., LTD. 駿凱 CHUN ZU MACHINERY INDUSTRY CO., LTD. 春日 DAH-LIAN MACHINE CO., LTD 大連 E-UNION FASTENER CO., LTD. 奕盟 GREENSLADE & COMPANY, INC. GWO LIAN MACHINERY INDUSTRY CO., LTD. 國聯 HONG FU METAL INDUSTRIAL CO., LTD. 鴻富 HONG TAY YUE ENTERPRISE CO.,LTD. 鴻大裕 JERN YAO ENTERPRISES CO., LTD. 正曜 KEIUI INTERNATIONAL CO., LTD. 鎧渝 KIM UNION INDUSTRIAL (UNION MACHINERY) 金友聯 KING YUAN DAR METAL ENTERPRISE CO., LTD.金元達 KUANG TAI METAL INDUSTRIAL CO., LTD. 廣泰利運 LI YUN MACHINERY CO., LTD. LIAN SHYANG INDUSTRIES CO., LTD. 連翔 LIAN TENG MACHINERY INDUSTRY CO., LTD. 聯騰 MEGA LINK ENTERPRISES CO., LTD. 慶諺 MING TANG MACHINERY CO., LTD. (WEN YANG) 玟暘 NEW BEST WIRE INDUSTRIAL CO., LTD. 強新 POINTMASTER MACHINERY CO., LTD. 昶詠 QUAN LIAN ENTERPRISE CO., LTD. 全鏈 SACMA LIMBIATE S.P.A. (Italy) SAN TZENG ENTERPRISE CO., LTD. 三城 SAN YUNG ELECTRIC HEAT MACHINE CO., LTD. 三永 SHEEN TZAR CO., LTD. 新讚 SUN FAME MANUFACTURING CO., LTD. 商匯 TICHO INDUSTRIES CO., LTD. 帝潮 TZE PING PRECISION MACHINERY CO., LTD. 智品 UTA AUTO INDUSTRIAL CO., LTD. 有達 WEI LIANG CORPORATION 維良 YESWIN MACHINERY CO., LTD. 友信 YI SHENG MACHINERY CO., LTD. 鎰晟 Z & D PLATING CO., LTD. 瑞達信 ZEN-YOUNG INDUSTRIAL CO., LTD. 仁陽

工 / 模具區

329 323 327 253 332

KINGSYEAR CO., LTD. LU-YI DIE WORKS CO., LTD. TUNG FANG ACCURACY CO., LTD. WAN IUAN ENTERPRISE CO., LTD. YI TI MOLD ENTERPRISE CO., LTD.

金祥億如翌東鈁萬淵煜鈦

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Certificate of Registration This certifies that the Quality Management System of

Q-Nuts Industrial Corp.

No. 193-1, Lane 315, Sec. 1, Erren Road, Rende District, Tainan, Taiwan

DR AF

has been assessed by NSF-ISR and found to be in conformance to the following standard(s):

ISO 9001:2015 Scope of Registration:

Manufacture of nuts and metal parts. Certificate Number: Certificate Issue Date: Registration Date: Expiration Date *:

1835-IS1 06-NOV-2017 01-NOV-2017 31-OCT-2020

Carl Blazik, Director, Technical Operations & Business Units, NSF-ISR, Ltd.

Certificate of Registration This certifies that the Quality Management System of

Q-Nuts Industrial Corp.

No. 193-1, Lane 315, Sec. 1, Erren Road, Rende District, Tainan, Taiwan

has been assessed by NSF-ISR and found to be in conformance to the following standard(s):

IATF 16949:2016 Scope of Registration:

Manufacture of nuts and metal parts.

Exclusions: Product design.

IATF Certificate Number: 0277634 Certificate Number: 1835-TS10 Certificate Issue Date: 06-NOV-2017 Registration Date: 01-NOV-2017 Expiration Date *: 31-OCT-2020

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Carl Blazik, Director, Technical Operations & Business Units, NSF-ISR, Ltd.

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sales@amproducts.com.tw www.fastener-world.com/en/supplier/a&m

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Cover Story

Klimas

company and fasteners with strength for generations Klimas, a Polish manufacturer of fastening techniques with over 30 years of experience, dynamically develops sales of its products around the world. It provides a rich portfolio of products for professional construction applications, including solutions for the increasingly thriving segment of wooden structures.

LIMAS is a leading Polish manufacturer of the highest quality fastening techniques. Thanks to the experience of high-class specialists, cooperation with manufacturers from various industries, new investments and dialogue with customers, the Klimas brand has for 30 years been synonymous with the highest quality fasteners used in the construction industry. Klimas brand offer encompasses a full portfolio of fastening techniques. It is a complete range of products designed for the widely understood construction industry, from fasteners for wooden structures and light constructions, flat roofs, window production screws, insulation plugs, as well as specialist fasteners dedicated to take. The manufacturer also provides universal solutions for the DIY sector. Not only the product itself but also service support in the field of calculations (e.g. load-bearing capacity or wind calculations), which it offers to customers at every stage of investment, plays an important role in the company's activity.

Modern production facilities and quality control

hanks to modern production facilities, the company is independent at every stage of product development. The four production plants, with a total area of more than 80,000 m 2 , are among the most modern manufacturing facilities of fastening techniques in Europe. Thanks to the technologies and applications used here, they are ready for Industry 4.0. The

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equipment of the plants includes several hundred machines, tool room with advanced machining centres, high storage warehouse and modern quality control department, meeting the highest requirements of the domestic and foreign markets. Quality control is a standard part of the production line before packaging. Each product goes through a series of detailed tests. All tests are aimed at maintaining the highest quality, which affects the safety during the use of products. The company regularly undergoes external and internal inspections, which is confirmed by numerous certificates.

A higher level of cooperation 大大

he company carefully follows the trends, demand for products, so as to properly adjust the offer to a given country. Good, long-term relationships, developed at foreign fairs, as well as adaptation of production to international technical requirements resulted in the fact that today the manufacturer delivers its solutions to 60 countries in the world and continues to expand the portfolio of foreign customers. The company builds sales based on its own companies or cooperation with trading partners. In India, France or the Czech Republic, Klimas has created a sales team that makes sure that the product range reaches large investments. The company's own branches, with fully equipped showrooms, allow direct contact with customers, but also give the opportunity for training and presentations. At the same time, the company has established cooperation with many business partners who are also developing the Klimas export brand on world markets.

Investment in development 大大

he manufacturer continues to develop its offer not only by increasing its product portfolio but also by continuous product improvement. Based on the modern research and development centre, the company creates new solutions for its customers, which then become one of the best products on the market from the technical point of view. Klimas has introduced into its offer,

Cover Story

among others, a modern SQ Ceramic solution i.e. lamellar coating characterized by extremely effective protection against corrosion, despite relatively thin layer. The latest solutions developed by Klimas experts include a new milling tip in the field of wood screws, which speeds up screwing even by 40% with 20% less pressure. Intensive development works are also carried out in the sphere of specialist products, such as screws for concrete or express mechanical anchors. In the case of products from the family of mechanical anchors, Klimas offers a dedicated tool for the calculation of fixings. The free Wkręt-met DesignFiX application is aimed at providing maximum support for designers, engineers and contractors in the design of structures in accordance with investment requirements.

Wood construction screws - the answer to the requirements of modern wood construction 大大

oday, wood is one of the most important renewable building materials, and its use in construction can significantly contribute to minimizing environmental degradation. Moreover, the properties of wood translate into usable values of buildings. That is why there is growing interest in this raw material all over the world. In order for wooden structures to maintain the character of sustainable construction, which does not cause irreversible damage to the environment, they must be durable. Durability of each structure depends on all its elements including fixings. In this field, Klimas offers solutions in the form of a family of construction screws, the use of which affects the durability of buildings.

mong contractors, wood screws owe their popularity to their advantages, which include, above all, transferring greater loads, comfort and speed of fastening, making it possible to tighten screwed elements, increasing the rigidity of fastened elements and, finally, making it possible to correct faulty assembly (the possibility of unscrewing and re-screwing). One of the most popular products with universal application are construction screws with a washer head (WKCP) or a countersunk head (WKCS and KMWH). Properly selected material (carbon steel), refined heat treatment and special thread geometry give these screws high strength parameters. Therefore, they perform well both in fixing insulation, reinforcing structures or repairing them as they improve the shear

resistance of beams (screwing at an angle makes the screws take up loads better, which in turn increases the load on the beam itself).

ooden structures, such as rafter framing requires very high precision of workmanship, especially in the area of connections of its individual elements (rafters, rafter tubes, purlins, clamps, swords, posts). That is why fastening details that allow professionals to precisely finish the connections are so important. The manufacturer responds to market needs by offering WKSS distance screws, which facilitate the process of levelling surfaces in wooden structures. A typical application of these screws is levelling battens in roof constructions and levelling the surface of external façades.

ast and safe screwing of construction screws is guaranteed by the innovative tip design and additional cutting notches. Their role is to cut through wood fibres during screwing, so they can be installed without pre-drilling. The screw heads have special TX hexagonal sockets that hold the screwdriver bit securely and guide the screws more precisely. This means that the screws can be screwed in with greater precision with less effort. Depending on the corrosion requirements, all screws can be either galvanised or protected with SQ Ceramic coating, which provides corrosion resistance up to class C4. In addition, screws with galvanised protection are additionally provided with a special wax coating, which significantly reduces the screwing torque. This makes assembly faster, easier and reduces battery consumption.

he manufacturer declares that all products have been tested by external accredited laboratories before being placed on the market. ETAs are on the one hand a confirmation that the product meets the requirements of the European Union with respect to its application, but they also mean additional, permanent obligations for the manufacturer. The manufacturer must strictly adhere to the established standards for manufacturing, storage and distribution of the product and conduct continuous monitoring of the production process. Klimas brand products are appreciated for their durability and complexity by installers. One of the most important elements necessary for the creation of ideal screws is listening to the needs of the market. As a result of cooperation with partners and customers and through countless tests and quality control at every stage of production, it is possible to create fasteners fully adapted to the modern market.

https://www.klimas.com

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Association

2021 Industry Survey and Interview with

NFDA and EFDA Presidents compiled by Fastener World

President Kevin Godin Vice Editor-in-chief GANG HAO CHANG

Good times of the past in the industry are going to come back again soon? For many presidents of nationallevel fastener associations, the answer may vary depending upon where the market is and which specific industry sector is taken into consideration. The pandemic, of course, is the main reason, not to mention those circumstances and other external factors also under the significant impact of covid-19, which has been with us for almost 2 years. In this issue, we are very pleased to have two well-known industry characters from certain fastener associations join us to have their say on the industrial development this year and talk about their forecast and expectation toward the upcoming year of the tiger in terms of certain critical issues for discussions among industry professionals such as antidumping, Carbon Border Adjustment Mechanism (CBAM), regional market cooperation frameworks, and many other elements that may influence the industry in 2022.

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Fastener World: What is your opinion about the overall performance, Kevin Godin domestic fastener demand, and fastener export of U.S. fastener industry in 2021? What is your expectation toward the development of U.S. fastener industry in 2022?

NFDA: The overall performance of U.S .fastener industry in 2021, according to my observation, showed a very good result, while U.S. domestic fastener demand also revealed an average 15% of increase possibly due to the rebound from Covid disruption. As for U.S. fastener export in 2021, we do not have the most recent export data but the total industrial goods and manufactured goods data which generally tracks with fasteners has increased dramatically year over year. I have an optimistic expectation toward the development of U.S. fastener industry in 2022 and nearly 70% of fastener distributors expect 2022 to be strong as long as supply chain disruptions do not prohibit the supply of material.

Fastener World: Could you please share with us the new housing starts and vehicle production/sales statistics of the U.S. for the first 9 months of this year?

NFDA: Housing starts in the US were up 3.9% to a seasonally adjusted annual rate of 1.615 million units in August of 2021, rebounding from a downwardly revised 6.2% fall in July and beating market forecasts of 1.554 million. In September of 2021 U.S. auto production was down 36% from September of 2020. The shortage of chips and other materials has had a significant impact on domestic auto production schedules. Production levels are just under 130,000 units and would typically have been expected to be closer to 200,000 per month.

Association Fastener World: Is there any fastener manufacturing heartland or industry cluster in the U.S.?

NFDA: There are clusters of fastener manufacturing in certain areas. Chicago, Cleveland, and Detroit are traditional manufacturing centers. Large production centers also exist in Texas, California, and various other states.

Fastener World: Has President Biden’s infrastructure plan caused any impact on U.S. fastener industry so far?

NFDA: We have yet to see any broad impact. Fastener World: Is there any trade agreement or economic cooperation framework the U.S. has signed with other countries/economic entities you think should be favorable to domestic U.S. fastener industry? Why?

NFDA: Nothing recently. Fastener World: International Fastener Expo held this Sep. has come to a perfect closure. What is your thought on the result of the show this year?

NFDA: Many people were happy to begin meeting in person again although travel restrictions, particularly with regard to Asian suppliers, meant that several companies did not participate at preCovid levels.

Fastener World: What is the expectation of NFDA toward the development of U.S. fastener industry in 2022 and the collaboration with suppliers in Europe and Asia?

NFDA: NFDA expects U.S. manufacturing and the U.S. Fastener industry to continue to grow and innovate well into the future. Our members are also part of a global supply chain and we expect collaboration with suppliers in Europe and Asia to be an ongoing aspect of our industry.

President Dr. Volker Lederer Fastener World: What is your opinion about the overall performance, domestic fastener demand, and fastener export of European fastener industry in 2021? Dr. Volker Lederer What is your expectation toward the development of European fastener industry in 2022?

EFDA: In 2021, the overall performance of European fastener industry looks very good, the domestic European fastener demand increased roughly by 1525% and European fastener export grew approximately 5-10% due to booming industries and low stock level. As for the development in 2022, it is difficult to foresee due to high risk: if and to what extent the current supply chain problems will continue, the uncertainties brought by the covid pandemic and impending anti-dumping duties for the import of iron and steel fasteners originating in the People’s Republic of China into the European Union.

2021 Fastener export 2021 Fastener demand

15 ı 25 %

5 ı 10 %

very good 2021 Overall performance Fastener World: In the end of this July the European Commission announced that it would not impose the provisional AD measure against Chinese fasteners and would continue the investigation until next year, Fastener World no.191/2021

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Association which slightly alleviated the worry of many EU importers and distributors as well as Asian suppliers at that time. However, considering the current European market scenario and a bit chaotic global trade status quo, do you think it is very likely that the AD measure will be announced by next Feb.? Why?

Fastener World: The EU will officially carry out the Carbon Border Adjustment Mechanism, CBAM, in 2026 on certain imported goods such as iron and steel, aluminum, concrete, etc. The grace period is from 2023 to 2025. Do you think CBAM will cause any impact on domestic European fastener industry? If yes, in which perspective will it be impacted?

EFDA: Generally, there is a very high likelihood that once

EFDA:: We cannot exclude that these measures will have a minor and

the EU Commission opens an investigation on imports from PR China it will end with the imposition of final duties. However, the situation in the current investigation (AD676) is different. We don’t see why the European Union should have an interest in imposing them. The EU fastener manufacturers are basically producing special fasteners which EU importers hardly source from China. The Chinese imports consist almost exclusively in imports of standard fasteners. Also, the fastener industry, i. e. producers as well as importers, wholesalers and distributors, is not able to satisfy the fastener demand of the EU industry as the demand is very high but capacities are low. This is, among other reasons, due to the rising raw material prices, limited production capacities in the Far East, container shortages which are caused or exacerbated by the effects of the Covid pandemic. Therefore, European Commission took the right decision not to impose provisional anti-dumping duties on Chinese fastener imports. And we are convinced that it would be wrong to impose final duties. In any case, should the Commission decide to impose final duties, it is well possible that those measures would be immediately suspended for a limited time since the current market situation does not allow for any duties to be imposed.

Fastener World: If the measure is announced, how will EFDA react to it or is there any plan B? If it is not announced, do you think that European importers will significantly increase their import from China or will continue to look for new supply sources in other emerging markets in order to avoid the risk of putting all eggs in one basket? Is there any emerging market European importers and distributors are currently paying closer attention to?

EFDA: EFDA has no plan B if measures are announced. Then we must deal with the new procurement conditions. If the EU decides not to impose final anti-dumping duties, it depends on the demand whether the volume of fastener imported from PR China will increase. EU fastener distributors will in any case parallelly look for alternative sourcing markets especially in Asia as they are doing and have done in the past. The EU manufacturers do not have the capacities to satisfy the demand.

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even major impact on our industry. However, for the moment we are not in the situation to foresee the effects of these provisions.

Fastener World: Have European importers been in preparation for the possible cost increase in imported fasteners?

EFDA: No, this is still to be done. Fastener World: RCEP, CPTPP, and similar trade cooperation frameworks have recently become top issues for discussion in Asia, is there any similar trade cooperation framework in Europe (established or in negotiations) that is about to create more business opportunities for European importers and distributors? What specific advantage can it bring to European fastener companies?

EFDA: Any free trade agreement creates more business opportunities for our industry. They give rise to larger economic areas that improve the possibilities to import and export. One very important new economic will be created by the EU-Mercosur Trade Agreement which is still to be ratified by the EU institutions. Negotiations between the EU and Australia and New Zealand are going on. And finally, we can observe a new dynamic in the negotiations between the EU and India for a trade agreement as the Indian government seems to be open to resume the negotiations after a long period of stillstand. India, of course, is an important fastener market, especially for stainless steel fasteners.

Fastener World: What is the expectation of EFDA toward the development of European fastener industry in 2022 and collaboration with regional suppliers in Asia and America?

EFDA: As mentioned above, there are great uncertainties such as the effects of the Covid pandemic, supply and transport problems as well as impending anti-dumping duties, and therefore it is difficult to estimate how 2022 will develop for our industry. For sure Asian supplies would profit from the imposition of anti-dumping duties on Chines imports – even though it seems that their capacities are limited.

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Exhibition

Comes Back with a Physical Event in 2021 by Joyce Huang, Fastener World The N. America’s largest industrial fastener, fastening tools, and related machinery B2B trade show, International Fastener Expo (IFE) has been successfully held at Mandalay Bay Convention Center on Sep. 22-23 this year and has been the first physical event since it was held virtually last year due to the pandemic. The number of participants was around 2,000. Most of them were manufacturers, distributors, traders, and retailers from USA, Canada, and Mexico expecting to establish connection with potential buyers and expand sales. Exhibits included various sorts of fasteners for industrial, construction, aerospace, and automotive applications, electronics fasteners, special fasteners, tools & machinery, hand/power tools, and related solutions. Fastener World was also present with our latest issues (incl. Fastener World / China Fastener World/ Hardware & Fastener Components / Emerging Fastener Markets) to discover more local business opportunities for advertisers.

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According to statistics of the organizer, 88% of the attendees this year were from USA and more than 61% of them were distributors of fasteners and/or related products. Over 70% of exhibitors said that IFE was a must-attend event every year. In addition to offering a networking place for visitors and suppliers, the organizer also held several sessions on surface finishes, post-Covid supply chain, factory environment improvement, AI, e-commerce, pricing model, etc. in order to offer exhibitors and visiting buyers diverse attending experience. IFE will take place again on Oct. 18-19, 2022. For more exhibition info or latest U.S. market updates, please contact us at foreign@fastener-world.com.tw.

Taiwan Agent:

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by Dean Tseng, Fastener World

Great Achievement from Exhibiting Online and Onsite: Fastener World at M-Tech Osaka 2021 Open from October 6 to 8, the largest industrial show in west Japan closed with success by having 810 exhibitors to participate. The 3-day show has a total of 16.9 thousand visitors. Among 7 concurrent shows of the machinery and components industry, M-Tech was where Fastener World exhibited both online and onsite. Fastener World’s onsite representative in Japan was handing out Fastener World Magazines, China Fastener World Magazines, and Hardware & Fastener Components Magazines to visitors. Taiwan has increasingly gained publicity in Japan recently and more Japanese people than ever are taking an interest in Taiwanese products, in addition to the synergy of an ever intimate bond between Taiwan and Japan. On the first day of the show, the onsite representative witnessed many Japanese fastener buyers dropping by to get their hands on Fastener World publications. The representative asked the buyers and found many of them were in urgent need of seeking overseas sources of purchase after the pandemic outbreak. Taiwan providing high quality fasteners at relatively competitive prices becomes one of their options to purchase from. Quite a few Japanese buyers visited Fastener World’s booth and stated that they sought Fastener World’s assistance to locate Taiwanese suppliers.

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To answer the inquiry from onsite buyers, a Japanese-speaking Fastener World specialist was standing by online to work in tandem with the onsite representative through Zoom chat to help the buyers find Taiwanese suppliers. The specialist talked online with Japanese buyers each day of the show, including a large-scale industrial product distributor, an end-user company looking for thread rolling dies, a buyer for fastener manufacturing machines, and more. Based on what we experienced from this show, we have rounded up Japanese buyers’ criteria in selecting Taiwanese suppliers:

(1) Better to have JIS certificates and past work experience with Japanese companies. (2) Ability to provide customized or standard products. (Standard products may have to be mass-produced.) (3) Accepting to cooperate with Japan’ s stringent quality check. (4) The Japanese buyers look for long-term suppliers rather than a single purchase. (5) Accepting large and/or small batch purchase orders designating box packaging or bag packaging, depending on products. (6) The Japanese buyers prefer communicating with Japanese speaking contacts, or less preferably English speaking contacts. Few Japanese buyers employ Chinese speaking personnel to communicate on the purchase. These criteria signifies that Taiwanese suppliers must regard Japanese buyers as a longterm partner if they want to tap into the Japanese supply chain. They have to try the best to provide Japanese or English support to reduce communication barriers. So far Fastener World has successfully connected Japanese buyers to Taiwanese suppliers with remarkable results. We hope to continue to create business opportunities for Taiwanese and Japanese fastener industries in the next edition of M-Tech Osaka which will be open from October 5 to 7, 2022.

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Association

Ching Chan Hosts a Plant Tour for Nearly a Hundred TFTA Visitors

n October 29th, Ching Chan Optical Technology Co., Ltd. hosted a tour of its plant as well as the HQ in Kaohsiung, attracting the enthusiastic attendance of nearly a hundred TFTA visitors from across Taiwan. Quite a few of TFTA members in northern and central Taiwan even travelled by high speed rail down to the South in expectation of taking a deeper look at Ching Chan's skillful technology and unveiling the secret of its efficiently operating inspection equipment production lines. Before the plant tour, Ching Chan President Alex Wu brief ly presented to the audience his career life in the industry over the past 3 decades with a slide show and introduced the features of Ching Chan’s products and the leading position of Ching Chan in helping the industry to ensure high fastener quality and carry out inspection of finished products. President Wu added, “There

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by Joyce Huang, Fastener World

are millions of entrepreneurs in the industry, but only the final champion can stand out and shine bright.” Such words fully reveal the invincible spirit of President Wu and his effort of trying to win in every competition. According to Ching Chan, the industry was heavily stricken by the Covid pandemic last yea r a nd a rou nd 1/3 of fasteners produced were applied to the automotive industry. Although many countries were in a lockdown and some factories were forced to temporarily shut down last year, the export value of Taiwanese fastener companies still reached NT$120 billion, showing the tenacity of Taiwanese companies. In early days, the cost of Taiwanese fastener industry was approximately constituted by raw materials (60%), forming/heading/ threading (20%), and secondary processing such as heat treatment (20%), as a result, the way to increase the value of the industry was to go toward the development of high-quality fasteners. Nowadays, the cost structure of the fastener industry has gradually evolved into “33% from the procedure to enhance the added value, 30% from the middle procedure, and 37% from secondary processing”, which also shows the fact that more and more customers place importance on quality.

Association

Vision + Accuracy + Quick Reaction + Flexibility Ching Chan pointed out that the Covid pandemic has changed the way people live and boosted the demand for 3C electronic products and DIY furniture screws; and the appearance of more natural disasters such as deluges has also made the demand for general construction fasteners surge, all showing the opportunity for the fastener industry to grow. In addition, in terms of the trend of net zero carbon emission, the electric vehicle (EV) industry will definitely be an opportunity for future Taiwanese fastener industry. As a result, companies must establish a transparent and instant information sharing system for corporate structures, market intelligence, customer negotiations, product design, order-based production & customer service. Facing issues like jam-packed seaports, shortages of containers, fluctuations of material prices, etc., companies definitely must maintain flexibility in cash flow control in order to achieve sustainable operation. During the plant tour, TFTA members watched the operation of the new generation of HR-series Sorting Machines, which, different from the non-continuous operation and rotation of traditional machine models, integrate with continuous type of machine models and can achieve the speed three times faster than traditional ones and doubled capacity. Ching Chan developed the pressure sensors system integrated with other newly developed technology. Through the use of this system, software and hardware can be highly integrated and the design of signal capturing circuits can be enhanced to achieve better efficacy. Moreover, Ching Chan also expanded to various markets and extended its reach to several types of manufacturing equipment (e.g., forming machine, heading machine, threading machine, etc.). When any error is detected, its machine models will stop operation immediately and will produce data analysis reports for operators to reduce costs that may be incurred. All these marketleading technologies are widely praised by customers who have been using Ching Chan’s products for long. According to Yih-Lai Precision Enterprise, “After adopting Ching Chan’s sorting and inspection machines, our products sorting and inspection efficiency, OEM service, and quality have been all greatly improved.” According to Fong Wuns Co., Ltd., “Ching Chan is a company valuing quality a lot and adhering to its own principles firmly. After adopting Ching Chan’s sorting and inspection machines, we have seen a significant leap on our nut sorting and inspection efficiency. Its products did help create a new value for the industry.”

TFTA Chairman Josh Chen said “This has been the first group visit to our member’s plant since the outbreak of severe Covid pandemic in May, which is quite meaningful.” He hoped that all members in attendance could take advantage of this opportunity to learn more about the industry-leading operation and management of Ching Chan's plant and how President Wu started up his own business from scratch to the current worldly-known industry giant (note: President Wu was once honored with “Model of Entrepreneurs of Taiwan” and is currently the chair of Model of Entrepreneurs Receivers Society in the South).

TFTA Event Schedule In addition to Ching Chan’s plant tour in the morning and the lunch banquet, an entertainment activity at i-Ride Experience Center in Kaohsiung, where all TFTA members experienced the amazing sound effects and virtual reality like they were traveling abroad, was also arranged, greatly facilitating interaction and friendship among all TFTA members. In a boisterous atmosphere of this successful event, TFTA Chairman Chen took the opportunity to announce that the next TFTA annual member meeting and directors & supervisors election will later take place at 16:00-20:30 on Nov. 26 (Fri.) at Crowne Plaza Tainan. In addition to the regular association report, one extra thematic speech, as well as lots drawing and music performance will be also given. All TFTA members are welcome to attend the event.

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Special Feature

Innovation Alley

Resin Double Nut and Bolt

compiled by Fastener World

Resin Double Nut and Bolt Sanko Kasei (Japan) successfully developed resin double nut and bolt. This product incorporates glass fiber to improve durability by 30%. It is lighter and easier to handle compared with metal bolts and nuts. The product includes a bolt, nut and flange. With a tool, the double nut will separate into two when the bolt goes into the nut, and therefore, it only takes once to install or remove the double nut. This product is mainly used in construction sites, which are prone to vibration and which highly require double nuts. The company will initially provide the products in the size of 12mm and later expand the product line with customized variations. The products can be fluorine-coated as an addition.

New Concept of Transforming Fastening

New Concept of Transforming Fastening Tools Engineer is known as a Japanese innovative fastening tool developer. The company's new concept of transforming fastening tools is to attach and combine several self-developed products into a super tool. An example is the DR-22/23 tool rolled out this spring, which combines a GT Drive handle (DZ-70/71), a magnetic device to suck up screws (DR-19), and a bit to remove damaged screws (DBZ-51/21), forming 3 products with their respective features and benefits into one entity.

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Fastener World News

Fastener World News compiled by Fastener World

Industry Update EU’s AD Investigation on China May Benefit Fastener Plants in Taiwan and Southeast Asia Due to the influence of U.S.-China trade war, the total amount of goods sold from China to the U.S. has been significantly reduced. Plus, the EU’s antidumping investigation against certain Chinese fasteners is still ongoing, so Chinese suppliers maintain a comparatively conservative attitude toward reinforcing their current sales to the European market. If the European Commission makes an affirmative final determination in the beginning of next year, China may encounter a higher tariff barrier and fastener plants at Taiwan and Southeast Asia may see more overseas orders switched to them.

32 EU States Have Terminated GSP Treatment to China According to a recent notice of the General Administration of Customs of China (GACC), it will stop GSP certificate of origin for goods (Form A) to the EU, the UK, Canada, Turkey, Ukraine, and Liechtenstein starting from Dec. 1st. this year, which indirectly verifies the fact that 32 countries including the EU has terminated GSP treatment to China. Currently, only Norway, New Zealand, and Australia still offer the treatment to China (Note: The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products. GSP provides tariff reduction for least developed countries). GACC applauded with this move and said this means other advanced economies have recognized China as a non-low-income and non-lower-middle-income country, and also means that Chinese products are competitive on the market and do not require extra protection. With the fast development of Chinese economy and better living quality of its people, China, according to the criteria of the World Bank, no longer belongs to a low-income or lower-middle-income economy. As a result, the EU and many other countries have sequentially announced the cancellation of GSP treatment to China. After the treatment is cancelled , goods exported from China will not be issued with a certificate of origin anymore.

Taiwan CSC Increases Prices for Q4 Taiwan CSC has stepped into its conventional high season, Q4. Although it originally expected that the demand from end-users would continue to increase, the actual situation in Southeast Asia heavily impacted by the pandemic and the severe delay of global logistics influencing the downstream production and sales are likely to slow down the appearance of upcoming demand. Considering the market supply & demand and price level of every product item quoted on a regular monthly or quarterly basis, as well as considering material costs, exchange rate fluctuations, and its current price level compared to other competitors on the global stage, Taiwan CSC has determined to adjust the current prices of certain items for October and Q4, making the average price adjustment go up by 1.32%. The table below shows the price adjustments of certain items quoted on a Products quarterly basis. The price of low carbon wire rod remains unchanged; mediumto-high carbon steel wire rod is up NTD 500 per ton; cold forged and low alloy steel wire rod is up NTD 1,000 per ton; and the price of automotive materials is also up NTD 1,500 per ton.

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Price Adjustment ( NTD/Ton) Wire rod (low carbon) 0 Wire rod (medium-to-high carbon) 500 Wire rod (cold forged and low alloy steel) 1,000 Automotive materials 1,500 Item

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Fastener World News Kaohsiung City Government and MOEA Hold Virtual Fastener & EV Industry Forum and Business Matchmaking Activity On Sep/28, in order to promote the development of local fastener and electric veh icles ( EV) indust r ies, the Economic Development Bureau (EDB) of Kaohsiung City Government collaborated with the Ministr y of Economic Affairs (MOEA) of Taiwan, and Amer ican Institute in Taiwan (AIT) to give a 2021 virtual industry experts forum and business matchmaking event for fastener and EV industrial clusters in Taiwan and the U.S., offering an online platform to at least 60 companies such as Chun Yu, Sheh Fung, Sumeeko to interact one by one with world’s leading EV related companies such as Optimal Inc., Altair Engineering Inc., as well as South Carolina Department of Commerce from U.S. main automotive industry manufacturing heartland, thus helping local Taiwanese companies to penetrate into the global EV supply chain.

Taiwan MOEA: IPI Growth Margin Reduced Due to High Base Period According to Taiwan MOEA’s statistics, domestic manufacturing continued to show a vibrant development in Sep. and saw year-onyear IPI increase of 7.9%-12.3%. It is forecast that in Q3 this yea r the yea r-on-yea r IPI increase will be 12.6%-14.1%. To analyze the month-on-month fluctuations, it reveals that the IPI of machinery and auto parts industries were both on a decline (machinery was down 0.21% and auto parts was down 12%, mainly due to seasonal reasons such as annual renovation of material suppliers). However, both the macro month-on-month ratio and global economic activities did not appear a significant decline, and the shrinking increase margin was mainly due to the high base period last year. In terms of traditional industries, they were benefited by the global economic recovery and continuously growing demand from end-users, and the basic metal industry saw an YoY IPI increase of 18.14%; the machinery industry saw an YoY ratio of 31.61% due to company owners’ growing interest in investing; The automotive and auto parts industry saw an YoY IPI increase of 29.86%, due to the fact that Taiwan’s phase-6 emission standards for heavy-duty diesel cars has been carried out this Sep., facilitating car retailers’ sales promotion activities and car manufacturers’ production to meet increasing market demands.

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Taiwanese fastener industry has been promoting industrial upgrade & transformation and the development of high value-added products in recent years. According to Bloomberg News, the total number of EV on roads in the world will reach 14 million units by 2025 and each of the EV will have to be installed with around 2,500 to 3,000 pcs of fasteners. According to MIH Open EV Alliance CTO Mr. William Wei, the value of the global EV market will reach US$ 600 billion by 2025. Hon Hai Technology Group and MIH will not only demonstrate 3 EV models assembled with MIH platforms, but also will launch the mass production in the U.S. and Thailand in 2023. In the U.S., they have been in collaboration with Fisker, and expect that the preliminary annual capacity will be around 150 thousand units, which will be also progressively increased to 500 thousands units. MIH Open EV Alliance will try its best to search for collaborative partners in anticipation of getting at least 5% of the global EV market share.

EU to Impose Carbon Tax Starting 2026: Taiwan's Steel Industry to Face the Biggest Impact EU proposed CBAM (Carbon Border Adjustment Mechanism) this July which will be gradually implemented from 2023 and which initially applies to imported steel, aluminum, cement, electricity among other highly carbon-leaking products. The transition period only requires importers to report the level of carbon emission on the imported products and no fees will be incurred. In 2026 when CBAM is in effect, importers must purchase a CBAM certificate from the EU to pay the fees for carbon emission of the imported products. MOEA (Taiwan) estimates 212 product items to be subject to the CBAM with an impact range of around NTD 24.5 billion which takes up 3.6% of the products exported to the EU, mostly steel products. Additionally, the Ministry will propose the Greenhouse Gas Reduction and Management Act as an amendment to include carbon taxation and to collect NTD 300 each ton. The new regulation will enact carbon tax collection, but details including the tax rates, methods and procedures will wait until the sub-Act is determined.

Fastener World News

12 Taiwanese Companies Awarded NADCAP Certificates in Kaohsiung On Oct. 18-20, Economic Development Bureau (EDB) of Kaohsiung City Government held a “NADCAP Heat Treatment Certification Program” in Kaohsiung and awarded 12 companies on Oct. 20 with certificates. These companies were: Gongin Precision Industries, Drewloong Precision, The Aerospace Industrial Development Corporation (AIDC), Magnate Technology, JYR Aviation Components, NFT Technology, Chaheng Precision, Fusheng Precision, Taiwan Hodaka Technology, S-Tech, Aerowin Technology, and NAFCO. According to EDB Director-General Tai Hsiang Liao, the metalworking industry in Kaohsiung has established its own aerospace components manufacturing cluster focusing on engine components, structural parts, fasteners, and forged parts, which represents around 30% of the total production value of Taiwanese aerospace industry. In the future, the nearby Renwu Industrial Park and Ciaotou Science Park will welcome more aerospace related companies to set up operations, while EDB of Kaohsiung will also continue to hold relevant certification programs in order to organize a strong team in Kaohsiung dedicated to the aerospace industry. According to EDB, in addition to the past “NADCAP Heat Treatment Certification Program” this year, another programs on “Basics of NADCAP” and “Basics of AS9100” were also given on Nov. 9-10, hosted by a speaker from BellCERT Group to help more companies enter the aerospace industry.

Companies Development Taiwan MOEA’s “SME Investment Boosting Program” Benefits E. Chain In order to encourage SME to reinforce investment in Taiwan, Taiwan’s Ministry of Economic Affairs (MOEA) recently proposed the “SME Investment Boosting Program.” E Chain Industrial Co., Ltd. also joined this program for upgrading its production lines and enhancing market deployment. E. Chain Industrial Co., Ltd. specializes in production and sales of screws, nuts, and hardware, which are used in automotive, petroleum, construction, and safety fence system industries. It sells products to Europe, USA, India, the Middle East, etc. and supplies most of its customized fasteners to U.S. construction industry. In recent years, E. Chain has successfully tapped into the IATF 16949 supply chain. Expecting the growing demand in the electric vehicle market, it has invested over NT$ 0.2 bn in establishing its 2nd plant located at Gangshan Dist. (Kaohsiung) and introducing Big Data, AI manufacturing procedure, automated warehousing systems and relevant software & hardware. Thus far, it has also become a leading company in the R&D of high-end automotive fasteners on the global stage.

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Fastener World News Sheh Fung’s Revenue Reaches New High This Sep., with a YoY Ratio Touching 35.48% Sheh Fung Screws reported its Sep. revenue this year, which reached NT$ 0.207 bn with a slight 0.05% YoY ratio. The cumulative revenue in Jan.-Sep. 2021 reached NT$ 2.114 bn, showing a significant 35.48% growth from the same period last year. Both the revenue in Q3 and the cumulative revenue in Q1-Q3 this year climbed to a new high in the company’s history. According to Sheh Fung, the gradual recover y of Amer ican market from the COVID pandemic boosted the order demand from the construction industry sector, facilitating the sales result in the construction market in Q1-Q3 this year to reach a YoY ratio of 48%. The percentage of sales in the construction market among its total revenue was up 6% from last year’s same period to 66%. In addition, Sheh Fung is actively expanding its order acceptance capability, working with its clients to develop the bestseller screws, and continuously optimizing its product manufacturing efficiency. In response to the increase in wire rod prices in the upstream, Sheh Fung has also adjusted the prices of its products upward, which later helped sustain the continuous growth of its consolidated operating result. In addition, although the entire fastener industry is influenced by some external uncertainties such as upstream raw material supply, exchange rates, shipment costs and schedules, the order demand from Sheh Fung’s major clients in the field of DIY home improvements and construction still remains stable and keeps a healthy growing trend.

PennEngineering Announces Global Expansion in Japan PennEngineering ® announced it has expanded its global presence, launching its first PEM® location in Tokyo, Japan. The expansion reflects PennEngineering®’s commitment to the region, and its focus on providing direct access to PEM® and Haeger® products. In 2019, PennEngineering® acquired Tokyo-based Eurotec Ltd., a specialty technical reseller of clinch and sheet metal fasteners and fastener installation systems. Eurotec Ltd. has transitioned to PEM® and continues to support the Company’s growth initiatives in the automotive, automotive electronics, consumer electronics and sheet metal fabrication markets. “It is important for us to strengthen our relationships and establish a permanent presence in the region. This will enable us to collaborate directly with our Japanese customers,” shared Leonard Kiely, CEO of PennEngineering®. With PEM’s expansion in Japan, PennEngineering®’s global footprint now includes facilities in 17 locations around the world, including locations throughout the Americas, Europe, and Asia Pacific.

MW Components Launches Streamlined eCommerce Experience for Precision Components, MW OnDemand MW Components, the Charlotte-based precision component manufacturer, announced that it has launched a new eCommerce experience, MW OnDemand. MW OnDemand is a one-stop online resource that streamlines the entire discovery-todelivery process of precision component supply. With tens of thousands of standard items in stock, intuitive search to make finding them easy, and rapid order delivery, MW OnDemand delivers the parts customers need, fast.

One of the country’s largest inventories of stock components MW OnDemand combines over one million parts from well-known brands such as Century Spring, Accurate Screw Machine, RAF Electronic Hardware, Servometer, and Maudlin into a single location. Customers can select and purchase products from across the MW Components portfolio, simplifying the entire component sourcing process. MW OnDemand eCommerce inventory includes one of the widest ranges of components and related parts available. Customers can shop spring designs along with fasteners, metal stampings, and more. A wide range of standard and specialty materials, over 40 finishes, and optional services such as passivation are also available for a variety of parts. Free CAD downloads and 3D drawings are available for many parts.

Accelerated shipping and delivery The majority of stock parts available from MW OnDemand offer same-day shipping, while custom quotes have a turnaround as fast as one to two business days.

A single source for stock and custom components The MW OnDemand eCommerce platform enhances the customer experience and provides exceptional flexibility for component sourcing. Combined with MW Components’ custom manufacturing expertise, customers can now purchase stock, standard, and custom components from a single location.

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Ford to Upgrade UK Plant into an Automotive Component Base for an Investment of USD 316 Million Ford a n nounced to invest USD 316 million to revamp the Halewood plant into an automotive component plant which will be the first assembly plant directly involving electric vehicles (EVs). The EV component assembly plant, upon completion, will supply general and commercial EVs sold in Europe to help Ford progress towards electrification. This February, Ford announced its new tactics for the European market in which Ford will only manufacture commercial EVs in Europe by 2024 and only sell EVs in Europe by 2030. To this end, Ford upgraded its Cologne assembly plant for USD 1 billion. The Halewood plant by schedule will start manufacturing automotive components by mid 2024 and produce 250 thousand vehicles per year. The plant has all of its products exported and therefore Ford has a shot at becoming one of the largest exporters of engines and transmission gears in UK after the plan is implemented.

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Acquisitions MacDermid Enthone Industrial Solutions Announces the Acquisition of Coventya Element Solutions Inc (“Element Solutions”), a global and diversified specialty chemicals company, announced that it has closed its previously announced acquisition of Coventya Holding SAS (“Coventya”), a global provider of specialty chemicals for the surface finishing industry. Coventya will join the MacDermid Enthone Industrial Solutions business within ESI’s Industrial & Specialty segment. Coventya operates in 60 countries on five continents. The business has manufacturing sites in Europe, Asia and the Americas. Coventya’s products serve customers worldwide across a diverse set of end-markets including automotive, fashion, construction, electronic, consumer goods, energy and aerospace / defense. Ben Gliklich, Chief Executive Officer of Element Solutions Inc, said, “Coventya is an excellent fit for our organization. It brings a long, successful history and tradition of creating value for plating

Brighton-Best International Announces the Acquisition of Vertex Distribution The America’s largest fastener distributor Brighton-Best International, Inc. (BBI) recently announced that in order to expand the operating scale of the company and reinforce the market share of its products in the market it has acquired all of the assets of an U.S. stainless steel fasteners distributor, Vertex Distribution for US$ 32 million. Vertex Distribution mainly supplies bolts, screws, nuts, rivets, etc. The deal has been completed on Oct. 31st this year. According to BBI, “Through consecutive acquisitions, the company can benefit from a larger economic scale, reduced operating costs, and maximized profit. In addition, high-quality products at cheap prices can be also provided at reasonable gross margins, creating entry barriers for competitors and oligopoly.”

Purchase of Air-O Fasteners Marks LINC Systems’ Sixth Acquisition Center Rock Capital Partners, LP (“Center Rock”) is pleased to announce that its industrial fastener and industrial packaging distribution platform, LINC Systems, LLC (“LINC”), has acquired Air-O Fasteners (“Air-O”), in a transaction that expands LINC’s presence in the Western U.S. Family owned and operated since 1978, Air-O Fasteners is a distributor of fastening equipment and consumable products serving the construction and general industrial markets. “The acquisition of Air-O expands LINC into the rapidly growing Utah market and deepens LINC’s presence in the Western U.S.” Dave Mitchell, President of Air-O, added, “We’ve built a great team that shares LINC’s service-driven culture, and we are excited to join the LINC platform,” said Kelly Evans, CEO of LINC.

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a nd f inishing customers with i n nova t ive a nd h ig h - q u a l it y technical solutions. Not only are their technologies complementary to ours, but we also share similar va lues ba se d on i n nova t ion, exceptional service and a people-centric, customer-focused culture. This acquisition will extend our capabilities and enable us to support further growth with existing and new customers. In addition, through this transaction, we acquire extraordinary talent which we are excited to welcome into our organization.” The acquisition of Coventya is strategic to MacDermid Enthone Industrial Solutions and is part of its continuing investment in technology, innovation, and talent. MacDermid Enthone Industrial Solutions remains focused on developing and providing the highest performing sustainable solutions for surface finishing applications in markets such as automotive, construction, industrial, consumer goods and electronics.

Expanding Market Presence in the Benelux Countries The Bossard Group has acquired Dutch company Jeveka B.V. (“Jeveka”), substantially expanding its presence in the Benelux countries. Jeveka B.V., headquartered in Almere, the Netherlands, is a leading supplier for product solutions as well as engineering and logistics services in industrial fastening and assembly technology in the Benelux countries. Founded in 1937, the company has 117 employees and primarily serves customers in the mechanical engineering and in high-tech segments. Jeveka expects net sales of around EUR 27 million for the current financial year. “A decades-long partnership unites us with Bossard. By joining the Bossard Group, we are pleased to deepen this relationship and also to broaden the range of products and services we can offer our customers,” as Jeveka’s former owners Stephanie and Adriaan Veltkamp point out. The acquisition of Jeveka is in line with the Bossard Group’s strategic approach of broadening its market presence in technologically advanced end markets. In Jeveka, Bossard is acquiring a company well experienced in the market that will facilitate the successful continuation of Bossard’s profitabilityoriented growth strategy and open up further development and growth potential. “Jeveka is not only a strong partner who will help us significantly expand Bossard’s market presence in the Benelux countries, but also a company that has lived Bossard’s “Proven Productivity” philosophy for years,” states Bossard CEO Daniel Bossard. The acquisition is being financed through the use of existing credit facilities. Both parties have agreed not to disclose the purchase price for the transaction concluded on October 22, 2021.

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Company World Focus News Fastener Martin Inc. Acquires Capital Bolt & Screw Martin Fastening Solutions, a subsidiary of Martin Inc., announces the acquisition of Capital Bolt & Screw (CB&S), headquartered in Jackson, Mississippi. CB&S was founded in 1963 and has grown into one of Mississippi’s oldest and diverse privately held distributors in the south.

Association

Jerry Gibson, President of CB&S, purchased the company in 1981 and has grown it into a successful OEM fastening distributor with services that include vender managed inventory (VMI), 3PL services for international customers and integrated services. "For 40 years, CB&S has held true to our core value of appreciating customer relationships and operating all aspects of our business with the utmost integrity,” said Jerry. “When we decided to sell CB&S, we wanted to ensure our customers would continue to receive that same level of outstanding service. We’ve found that with Martin.” In 1997, Martin added the Fastening Solutions line of business to its operations with headquarters in Jackson, Tennessee. “We’ve invested heavily in our OEM/Fastening Solutions business unit over the last five years and established a foundation we can build on,” said Douglas Ruggles, co-owner of Martin Inc. and President, Martin Fastening. “The next step in our evolution has been to look for the right distributor to join our current business and help us expand our OEM fastener footprint and customer base. I knew CB&S was a great fit from the start. Their core values and ours line up seamlessly. We cannot be happier to have the entire CB&S Team become part of the Martin Team and to offer our complete portfolio of products and services to their customers to help them operate better.”

NFDA Launches Its New Logo and Website Under the tireless work of the NFDA Marketing Committee this past year, NFDA is thrilled to announce the launch of its new logo and website. “We are very excited to launch this new logo, which connects people, groups, and organizations and fosters networking relationships within our industry with diverse backgrounds coming together as one, representing teamwork,” said Jodie Thinnes, NFDA Marketing Committee Chair.

CB&S is the fourth acquisition for Martin in the past two years.

E.Full Loksert® Keylocking Insert by Gang Hao Chang, Vice Editor-in-Chief of Fastener World In terms of fastening, the susceptibility to loosening of fastening parts is an issue that has vexed many users for long. This issue can be now completely solved after E.Full Enterprise Co., Ltd., through technical collaboration with an U.S. leading company and with 8 years of R&D, developed the “Loksert® Keylocking Insert.” For certain fastening applications around the globe where loosening is absolutely not acceptable (aerospace, automotive, defense or semiconductor, for example), the release of this new product will be definitely great news. Distinguished from other existing inserts without keys which are prone to loosening during vibration, the new Loksert® Keylocking Inserts features a unique “key” design, allowing a solid and stable fastening between the fastened workpiece and the insert when keys are driven into the workpiece, which prohibits the insert from spinning clockwise or counterlockwise to achieve permanent fastening, create excellent stability of products, and eliminate potential loosening-induced safety risks due to vibration. “Processing this product requires high-level technique and must utilize special manufacturing procedures in order to achieve both superior quality and significant cost reduction. E.Full Enterprise is the only one in Taiwan that has successfully developed this product thus far,” said E.Full Sales Manager Tony Wang. He added, “The key feature of this product is its dove-tail groove, which prevents the keys from dropping off. Through a computer to control riveting between the keys and grooves, the mass production with consistent fastening strength can be achieved and predicaments like key separation due to less strength or key breakage due to excessive strength won’t occur.”

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A New Solution for Locking and Heat Resistance Frequently used in the aerospace sector before, large amounts of inserts have been also used in the automotive field recently. E. Full can not only supply carbon/stainless steel inserts whose int./ ext. threads are compliant with military and automotive standards, but is also dedicated to the development of Inconel Loksert ® keylocking inserts for automotive turbo engines, propellers, and other high-temperature applications. The one-piece design provides an alternative to previous fastening requirement for “one screw with one nut” which would need larger fastening space, and the flush insertion surface also creates more possibilities for user’s product design, allowing them to achieve aesthetics, safety, and practicality. E.Full expects to release this new product half a year later at the earliest. Wang added, “We mainly supply to overseas industries and are in collaboration with domestic automotive/ semiconductor industries and NCSIST as well. Our monthly capacity for Loksert® is approx. 30,000 pcs/month and is still on the rise. In addition, as this insert must be fastened with a specialty tool, E.Full can also provide pneumatic/hand tools and technical support according to customers’ actual applications and demand. “Production of precision keys that steadily fit with the main insert body and threads of the highest precision are both what we’re very proud of.” “With better performance of various transport vehicles and flourishing development of aerospace and defense industries, if fasteners cannot keep pace with the trend, it’ll be a secret concern,” Wang noted. “However, if global customers can make the most of this product, the added value of their products will definitely be upgraded.” E.Full contact: Mr. Tony Wang

Email: tony@efulls.com.tw

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Editorial

2021

by Joyce Huang, Fastener World

A Deficient, Steep, and Clogged-up Year

How the Industry Survives Every Step of the Way from Domestic and Overseas Challenges The COVID pandemic raged and swept over the world in 2019, impacting all walks of life. It disrupted the long-established globalization whose element includes the fastener supply chain that Taiwan take pride in. Looking at 2021, we see the post-pandemic era brings a sea change in the fastener industry that is characterized by three threats: (1) shortage of supply; (2) steep prices; (3) clogged transport. “Shortage” signifies the crisis in the supply chain and lack of labor under the global setting this year. Not only the government but the people are desperate for stable supply. To Taiwanese fasteners companies operating in Taiwan and China, the oil shortage in UK, semiconductor shortage in the U.S/Europe, coal and electricity shortage in China and India, among other energy and workforce crisis, are going to exacerbate in the future and a turmoil on the world market could shake up the whole industry, especially with Taiwan exporting 90% of fasteners it manufactures. “Steep prices” are manifested from appreciated New Taiwanese Dollars and increased costs. As far as the fastener industry is concerned, there is a 30% to 70% rise in cost throughout the whole manufacturing process from wire rod processing, pickling, rust removal, to heading and shipment. With the climbing exchange rate of New Taiwanese Dollars as an addition, fastener companies are tested by a challenge to allocate budget and improve decreased competitiveness. Lastly, “clogged transport” means the pandemic-driven labor shortage leads to delayed shipment, inadequate containers and clogged harbors which remain unresolved. As the cost of transport surges, disruption of global supply chain gets worse. Despite having a full order book, Taiwanese fastener companies are stuck with marine transportation issues that lead to decreased stock and delayed shipment. They are forced to opt for air transport as an alternative which in turn increases cost by manifolds. They just lucked out by the government well controlling the pandemic and are able to operate as normal and make outstanding sales performance. The determining factor is access to materials. The amount of wires purchased and the purchase price as well as stocking up materials are the keys to getting the current challenges over.

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(1) Shortage of Workforce In the wake of COVID, Taiwanese government has reduced the number of foreign labors allowed into the country. A couple of other factors include an ageing population, increased minimum wage, and the fact that high-tech companies have been setting up new plants and hiring talents. These factors undoubtedly threaten the fastener industry by restraining their access to workforce, and therefore lack of workforce will be the pitfall in the development of Taiwan fastener industry. “The workforce of Taiwan’s fastener companies consists of Taiwanese labors (70%) and foreign labors (30%). For outsourced tasks such as electroplating, heat treatment and pickling foreign labors take up the percentage of over 50%. On one hand it is the COVID-driven restriction on foreign labors’ entrance to Taiwan; on the other hand, it is a full order book from the end of 2020 to the present day because overseas clients dread of goods shortage in the wake of opening markets in the U.S. and Europe. Both situations strike altogether and delay delivery,” said a Taiwanese fastener business owner. In 3 to 5 years there will be high-tech industrial areas sprouting up across Taiwan, and we don’t even have to second-guess where the government’s support will be inclined to. Lack of workforce will be a determining factor affecting the development of Taiwan fastener industry.

Editorial

(2) Wire Rod: Steep Price & Stable Supply The ups and downs of steel price is highly relevant to the fact that China as the largest steel consumer uses over 60% of the world’s production. A lack in the material or a change in policies will push the price up. Another fastener business owner stated that a steady rise in wire rod price makes for a less significant impact, whereas alternating rise and drop are more likely to cause trade disputes. It won’t matter as much for the business owners if they cohere customers’ purchase price to the increase of wire rod price for the business owners. However, the owners would normally have to cover 20% to 30% of the cost for utilities, rent, product processing fees, manufacturing cost, freight rate and so on. In the time when the price for everything goes up, so does the stress of maintaining enough cash flow. A fastener business owner indicated that traders and manufacturers are the two pillars for Taiwan’s fastener export. Given the experience over the past year, the operating cost of traders was doubled, while that of manufacturers' was up around 60% and therefore extra caution is a necessity. The increasing operating cost goes to overseas buyers as well, and therefore, it calls for management of risks.

(3) Appreciated New Taiwanese Dollars Export continues to be subject to unfavorable factors including appreciated New Taiwanese Dollars (TWD). To Taiwan fastener industry with 90% of its products for export, a strong TWD decreases the industry’s competitiveness in the world market, particularly as opposed to other main competitor countries with less strong performing currencies which create bigger stress for Taiwan. Particularly, the exchange rates of emerging countries, where Taiwan’s m a ch i n es a r e ex p o r t e d t o, h ave Foreign Currency to TWD Exchange Rates for 2018-2021 depreciated by 50% to as high as 200%. Additionally, many gover nmental USD EUR JPY RMB INR VND resources have gone to high-tech companies. However, with nea rly 2018 30.143 35.581 0.2729 4.562 0.4415 0.001309 50% of fasteners exported to the U.S., 2019 30.908 34.609 0.2836 4.4751 0.4390 0.001331 Taiwan is fortunate to have US Dollars 2020 29.448 33.595 0.2759 4.2682 0.3975 0.001268 to utilize and pull through. 2021 27.981 33.405 0.2573 4.3260 0.3798 0.001218 Source: Taiwan Central Bank

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Editorial Taiwan Fastener Export in 2019-2020 (Unit: KG) 2019 U.S.A Germany The Netherlands Japan UK Thailand Vietnam

2020

Taiwan Fastener Export in Jan. 2020- Sep. 2021 (Unit: KG)

Change (%)

621,962,469 132,505,809

609,131,909 116,623,332

-2.063 -11.986

80,348,283

67,241,601

-16.312

72,771,839 63,283,611 -13.038 55,620,928 41,692,178 -25.042 21,720,407 20,775,441 -4.351 7,632,762 8,586,503 -11.107 Source: Bureau of Foreign Trade

U.S.A Germany The Netherlands Japan UK Thailand Vietnam

Jan. 2020 Sep. 2020 445,030,140 88,177,083

Jan. 2021 Sep. 2021 525,721,595 98,582,787

47,908,933

66,817,026

Change (%) +18.132 +11.801 +39.467

49,040,321 49,752,565 +1.452 30,684,324 44,921,484 +46.399 15,507,826 18,594,940 +19.907 5,618,600 5,203,427 -7.389 Source: Bureau of Foreign Trade

(4) Container Shortage, Clogged Harbors The statistics of Taiwan fastener export in the period from 2019 to 2021 shows a recovering American/European market and Southeast Asia with a less visible growth due to unstable development of the COVID pandemic, but we can find that the order books of Taiwan fastener companies are full in the domestic decline of COVID cases. Given the clogged harbors and container shortage, it is worth noting that a few Taiwanese companies may seem to have an order book full till next spring, but actually it is just that the orders for a period of 2 months are extended to 4 months because overseas clients repeat placing orders or turn to place orders to other local manufacturers in case of a chaotic supply chain. This phenomenon is increasingly evident and is unfavorable to the development of Taiwan fastener industry.

(5) "50% Rule" of Wire Rod Taiwan’s fasteners are highly affected by China's in terms of pricing. Years ago, Former TIFI president Mr. Wu-Zhongyi brought up a concept called “50% Rule of Wire Rod” which evaluates a fastener company’ s competitiveness on the baseline which is 50% of wire rod cost. If the cost exceeds 50%, it bodes for drastic reduction in competitiveness, and calls for an urgent need to transform business, increase product added values, or reduce production cost, otherwise, there will just be a vicious competition for thin profits. Take automotive component companies for example, some automakers would ask them to lower the price by 3% to 5% within a year to maintain the automakers’ competitiveness. Taiwanese people have growing demand for electric vehicles, so Taiwanese automotive fastener companies should deploy for EV fastener development.

(6) EU to Impose Carbon Tax in 2026 The EU brought CBAM (Carbon Border Adjustment Mechanism) to the table this July which will be gradually implemented from 2023 and will initially apply to imported steel, aluminum, cement, fertilizer, electricity and other highly carbon-leaking products. The grace period only requires importers to report the level of carbon emission on the imported products and no fees will be charged. In 2026 when CBAM is in effect, importers must purchase a CBAM certificate from the EU to pay the fees for carbon emission of the imported products. MOEA (Taiwan) estimates that 212 product items may be subject to the CBAM with an impact range of around NTD 24.5 billion which takes up 3.6% of the products exported to the EU, mostly steel products.

What Lies Ahead for Taiwan Fastener Industry Taiwan fastener industry consists of mostly manufacturers and they have branches in China and Southeast Asia where they have an edge in manufacturing. The pandemic drags down productivity and this is more serious in China than in Southeast Asia. The overseas supply chain is more or less affected by politics, economy, natural disasters, export delay, power rationing and forced cuts to factory production, unlike what it was before when companies could utilize their advantages with overseas branches to increase their edge. Therefore, there is no end to transforming and upgrading fastener companies and their products. Particularly in the path of globalization where they have to face market competition and meet client requirements, they must continuously optimize and upgrade the manufacturing process, including introducing automation, AI, and Big Data, and adopting robotic arms or opting for unmanned operation to reach production target. Furthermore, they can create added values via re-deployed finance or marketing. They can also build overseas bases or go public as a long-term target. The post-pandemic era has turned the macro-environment into something that can take control over the fastener companies. A higher proportion of outsourcing and foreign labors could mean a higher risk to bear. Large companies differentiate themseleves from competitors by equipment upgrade, mass production and investment, while small companies survives and develops upon profits, and outtake competitors by mobility and agility. By estimate, the pandemic will bash uncompetitive small and medium companies out of the market. The industry will grow healthier. The big and strong will remain big and strong, and this will be an ever more evident trend. SMEs used to be pillars for Taiwan’s economic vibe. In a time of appreciated New Taiwanese Dollars, building a plant in ASEAN could be an option for them to consider if they are not going for new blue oceans.

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2021 Taiwan Fastener Industry Survey by Dean Tseng, Fastener World Fastener World Magazine embarked on an annual survey on Taiwanese fastener companies in October. We listed 10 issues of 2021, and invited companies to evaluate each issue for the level of impact and rank the issues from 1st place (most impacted) to 10th place (least impacted). Based on the feedback from 82 companies that took our survey, the top 10 issues of 2021 are:

Ranking

Top 10 Issues of 2021

1 2 3 4 5 6 7 8 9 10

Wire rod availability Exchange rate (appreciated TWD) Harbor congestion, increased freight rate U.S./ European fastener market demand Overseas plants' production and sales change under the pandemic The pandemic's impact on trade, production and sales Increased cash flow stress Workforce and foreign labor availability Impact of carbon tax on fasteners Transforming and upgrade of fastener companies and their products

Now we can tell that the biggest concern after the pandemic outbreak is “wire rod availability”, which signifies considerable cost stress on Taiwanese fastener companies as a result of global rising steel price over the past two years. Taiwan’s export has been robust since the second half of 2000 resulting in a trade surplus, and because the Central Bank of Taiwan didn’t actively adjust the exchange rate, “the New Taiwanese Dollars have appreciated” and remain as a strong one among the Asian currencies, with a prospect to remain strong through next year. Therefore, exchange rate is the 2nd place in the chart. There is no way to solve “harbor congestion and increased freight rate” this year and this issue may continue through next year, hence becoming the third biggest concern. As long as the top 3 concerns stay, the companies’ shipments will be obstructed and revenues will decrease despite a strong “U.S./ European fastener market demand”. Therefore, market demand is not the determining factor to corporate sustainability in the wake of pandemic outbreak. To SMEs, “carbon tax” is still a few years ahead and operating cost will add up if they take corresponding actions to improve performance in building a green environment. At present they don’t have enough personnel to deal with carbon tax which as a result has yet to gain enough attention. “Transformation and upgrade” is a long-term expenditure which, in contrast to stabilizing cash flow, retaining talents and gaining profits, is more critical in the current backdrop of tremendous cost pressure. This survey result is also open for reference to government-level financial authorities and industry policy makers.

Evaluate and rank the issues for the level of impact (Note: Sent to 1,322 companies. Actual respondents: 82 companies.) 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th

Ranks (Color Coded)

Number of people for each rank

222

24 22

22 20

14 8

8 6

12 4

Wire rod availability

2 Exchange rate (appreciated TWD)

Workforce and foreign labor availability 22

4 0

10 4

8 6

2 Overseas plants' production and sales change under the pandemic

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U.S./ European fastener market demand

Increased cash flow stress

8 6

The pandemic's impact on trade, production and sales

10 8

16 18

10 8 10 6

Harbor congestion, Increased freight rate

16 12

Impact of carbon tax on fasteners

6 0

12 8

Transforming and upgrade of fastener companies and their products

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American News

American Compiled by Fastener World

Supply Chains Worsen for U.S. Importers Supply chain issues are worsening for U.S. importers. But domestic manufacturers are not interested in orders that merely supplement what distributors are importing, according to Doug Ruggles, President of Martin Fastening Solutions. While importers have been forced to change their business process during the pandemic, there is no substitute for face-to-face interactions, according to a forum from the Taipei Economic and Cultural Office and Crain's Chicago Business. Importers buy fasteners from Taiwan because of consistent quality, Ruggles added. “As soon as Section 301 tariffs went into effect, we utilized our Taiwan connection to meet our needs,” stated Joe Nagle, Sr. Manager, Strategic Sourcing, Customer Solutions, Lawson Products. In today’s world, businesses have fewer resources and less time to continually vet their sources. Supply chain issues are keeping Taiwan fastener imports down. “It’s not a shift away from Taiwan at all,” Ruggles noted. A lot of customers are going back to domestic fastener manufacturers due to 22-24 week lead time one year ago; now its 32-40, according to Jon Najeski, Manager of Purchasing of Screws Industries Inc. “A lot of industries can’t wait that long to get product.” “The capacity to meet demand is not there in the U.S., so we have to supplement with overseas suppliers,” noted Ruggles. “This is nothing new.” Infrastructure spending in the coming years will drive ongoing fastener demand, Nagle predicted. Taiwan exports 1.36 million tons of fasteners each year at a value of US$3.99 billion. The U.S. imports 609,000 tons of Taiwan fasteners each year at a value of $1.69 billion.

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Bartel Advises IFE: Take Action on Inventory While lead times rose in 2020 before the Covid-19 pandemic, Josh Bartel termed today’s high demand and longer lead times as a “Covid double whammy.” Suppliers need to change their sales forecasting based on past sales, Bartel, CEO of Hydrian Inventory Optimization, said in an International Fastener Expo conference session. Upon Covid, Q2 “demand sunk” while orders were still arriving. By relying on sales, suppliers got “gun shy on buying” during 2020 Q2. Since the summer of 2020, “demand has been recovering and lead times extending,” Bartel said. Lead times have doubled in the past year. A company may now have 10 days inventory, but the lead time has increased to 42 days. “We have nothing when the customer wants it.” He cited an example of having 20+ days inventory last year and being down to 12 days now. If your inventory is dwindling, you can be losing sales, Bartel warned. • “Take action right away” to restock, Bartel urged. If a supplier can’t ship to one location, can shipments be diverted to a branch? Bartel suggested. “Working with your vendors is critical,” Bartel declared.

FDI Hampered By Supply Chain & Labor Issues The seasonally adjusted August FDI (55.4) moderated from July’s 59.6, reflecting “lower employment levels and a softer seasonally adjusted sales index (-7.7 m/m),” according to R.W. Baird analyst David Manthey. Pricing, however, continued to accelerate amid raw material inflation, inventory/labor shortages at the supplier level, and robust demand. This resulted in further improvement in the FDI Pricing month to month index. “In addition to extended lead times, labor shortages, and freight delays impacting respondents’ ability to meet orders, the ongoing semiconductor chip shortage continues to have negative impacts on demand (most likely in auto) for some respondents,” Manthey writes. After four months of decline, the seasonally adjusted Forward Looking Index rose to 73 due to “extremely low (and weakening)

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American News customer inventory levels, which could be a positive for future demand, as well as a better six-month outlook,” according to Manthey. With the exception of the employment index, which continues to be impacted by labor shortages, all other FLI components (respondent inventory levels, customer inventory levels, and six-month outlook) improved in August.

UK’s Trifast Acquires Falcon Fastening

The FDI employment index declined to 53.8 from 61.3 in July. Just 19% of respondents saw employment levels as above seasonal expectations vs. July’s 26% as the job market remains extremely tight, “although the recent expiration of enhanced federal unemployment benef its could spu r additional return to the labor force.”

Trifast CEO Mark Belton said the “Carolinas region is a strategically important area for us where a number of our global OEMs have facilities.”“We believe that the combination of Falcon and Trifast’s locations, experience, knowledge base and skill sets will open significant opportunities to expand the service and portfolio offering to both existing and new customers on a domestic and international basis. We look forward to working together to create a stronger presence for Trifast in North America.”

Labor and logistics constraints continue to be respondents’ top concerns. “Continued supply chain challenges due to port/rail congestion, raw material availability,” one respondent commented. “Labor remains scarce.” “In my 30+ years in the business I don’t think I have ever had such a difficult time meeting demand,” another noted. Lastly, semiconductor chip shortages also remain a headwind for some respondents: “With delay in imported material and computer chips, our sales are down by as much as 15% and doesn't look like it is going to improve anytime soon.”

Bufab To Acquire Component Solutions Bufab agreed to acquire all outstanding shares of Dayton, OH-based Components Solutions Group, Inc, (CSG) for $26 million. Founded in 2000, CSG distributes fasteners and other C-class components, with an nual sales of approximately $30 million. CSG also owns three subsidiaries - two in Ohio and one in Kentucky. Under the leadership of current president Ernie Riling and minority owners Matt Coy, Ken DeCrane, Thomas Girgash and Rick Clark, CSG has expanded employ 85 workers and generated a 10% operating profit. “By joining Bufab, we will be able to continue to improve our customer offering, grow our business and strengthen our team,” stated Riling. “I am pleased to continue as President and CEO at CSG. Founded in 1977 in Sweden, Bufab has operations in 27 countries. Bufab has 1,350 employees. Bufab’s net sales for the past 12 months amounted to Swedish Krone 4.2 billion (US$432 million) and the operating margin was 9.5%.

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UK-based Trifast plc acquired Fa lcon Fa st en i ng Solut ion s I nc. Charlotte, NC-based Falcon is a North American fastener distributor and will be rebranded as TR Falcon. Trifast paid US$8.3 million for Falcon.

Falcon Metal Corporation was founded in 1979 by Bruce Roberts and Nancy Roberts. Don Nowak joined Falcon in 1997 from Hoyt Fasteners in Chicago and acquired the distributorship in 2008. The name was changed to Falcon Fastening Solutions in 2014. Current president and major shareholder Giovanni Cespedes, who joined Falcon in 2008 and acquired it from Nowak in 2018, will remain with the business. Today Falcon Fastening distributes industrial fastenings and class C components and from locations in North Carolina and Kentucky. Over 90% of production components supplied by Falcon are customer specials. Falcon specializes in customized supply chain solutions that support lean principles. Trifast announced it intends to retain all staff at both Falcon and US operations. For 2020, Falcon reported EBITDA of US$1.27 million. Trifast chair Jonathan Shearman described the Falcon acquisition as “our next step into the North American market, and we are confident that this business, alongside our existing Houston operation provides a springboard to further develop our presence within this important region.” Cespedes termed the acquisition a “fantastic opportunity for Falcon’s employees, customers and suppliers. Becoming part of Trifast gives all of us at Falcon the opportunity to work more closely with a well-respected international business.”

Nucor Expanding Fastener Division Nucor Corp., Charlotte, NC, USA, will expa nd its Nucor Fastener division with the acquisition of an existing state-of-the-art coil processing facility in Shelbyville, IN, USA. This facility includes an automated clean and coat line, two STC® furnaces and wire drawing capabilities. In addition to coil processing, Nucor will also expand fastener manufacturing capabilities by installing bolt making equipment at the Shelbyville facility. This new operation will employ some 33 team members with the potential to double those jobs. “We are excited to grow our Fastener Division with the acquisition of these assets,” said Joey Loosle, Nucor Fastener GM. “Adding bolt making capability to the Shelbyville facility will help expand our offerings to the automotive, heavy truck, industrial/MRO and structural fastener markets.” By recycling steel in electric arc furnaces, Nucor is among the cleanest steel producers in the world, with greenhouse gas emissions that are one-third of the global steelmaking average and nearly one-fifth of the average blast furnace steel producer. Nucor’s Fastener Products are made with 97% recycled content, which is far more sustainable than fasteners produced from blast furnace steel made overseas.

American News Threaded Fasteners, Inc. Acquires RTC Threaders Threaded Fasteners, Inc. (TFI), Mobile, AL, USA, a 100% employee-owned business specializing in the manufacturing, custom packaging and distribution of steel fasteners, has acquired RTC Threaders, formally Ruja Tooling Corp., based in Churubusco, IN, USA. RTC was founded in 1971 by Jack Pease, and today RTC runs under the direction of his son, Rick Pease, and it is the premier manufacturer of planetary threading equipment in the USA. RTC has been the USA leader in manufacturing planetary threaders since 1971 and continues to innovate and develop new lines of threading machines. Also making the transition is long-term business associate Chuck Wilcoxson, who has been an integral part of the success of RTC from the beginning and is looking forward to this new chapter in the life of RTC. “We are thrilled to have Rick and the RTC team join the TFI Family, I have had the privilege of getting to know Rick during this time and I was not only immediately impressed with the quality of the machines that he designed, but most importantly the quality of his character,” says Billy Duren, President and Chief Motivational Officer of Threaded Fasteners, Inc. “I had heard of RTC, but I really didn’t know much about their operation. I interviewed several people who had an RTC Planetary. One owner described the machine as a ‘beast,’ and another stated that it was a ‘work horse.’ So, over the course of several months of conversations, both Rick and I began to see the value of combining our efforts and knowledge by making RTC part of the family of companies owned by TFI.” Depending on diameter the RTC Threaders Eagle Planetary Threading Machines can manufacture over 100 parts per minute. Machines are custom made to order and are available with quick change, modular, and single or double end units.

BUMAX Expands in USA As part of a strategy to increase its presence in the North America n ma rket, Swedish leadi ng manufacturer of highstrength stainless steel fa st e n e r s, BU M A X , has hired Bo Andersson to the position of Business Development Manager for the USA. “We see the USA as a strategic focus market for BUMAX with huge potential for our premium stainless steel fasteners in a variety of industries,” said Lars Holm, Managing Director at BUMAX. “We will increase our efforts to capture new clients and new projects in North America in sectors like marine, oil and gas, energy, defense, pulp and paper and construction where durable and high-strength fasteners are increasingly required.” Industry veteran Bo Andersson will be responsible for growing the American market and making sure that BUMAX continues to provide excellent customer service as a “solutionist”. News provided by: John Wolz, Editor of FIN (globalfastenernews.com) Mike McNulty, FTI VP & Editor (www. fastenertech.com)

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European News

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SFS Reports Significant Sales and Profit Increase Ca r r ie d by a dy n a m ic ma rket environment, SFS Group has generated a strong half year result with sales of CHF 957.8 million (€883.3 million) generated in the first half of the year – corresponding to year-on-year growth of 23.8%. SFS states that the signs of recovery in the market environment, which were visible from the third quarter of 2020, continued unchanged during the first half of 2021. All three business segments participated in the solid demand seen in nearly all end markets and regions, with some business units actually exceeding the expectations substantially. The SFS Group’s long-term ‘Local-for-Local’ strategy and its decision to make predominantly temporary adjustments to production capacity during the Covid-19 pandemic have proven to be prudent. By using the instruments available to temporarily reduce capacity during the financial year 2020, the Group was able to preserve jobs, expertise and production capabilities. That, in turn, enabled it to respond swiftly to the recovery in demand and benefit from the economic environment. Short time working was discontinued during the reporting period in all areas except Aircraft. The Engineered Components segment benefited from high demand across the board that exceeded expectations in most end markets. This positive development was particularly strong in the Automotive and Electronics divisions. Overall, this resulted in organic growth of 29.1% compared with the first half of 2020. Both divisions in the Fastening Systems segment succeeded in taking advantage of the extraordinarily dynamic market envi ron ment a nd pent-up dema nd. St rong dema nd i n t he construction industry caused delivery bottlenecks and cost increases along the entire supply chain. The Riveting division operated in a similarly challenging environment. It benefited not only from pentup demand in the automotive industry, but also good recovery in demand from industrial customers. Tot a l segment sa les a mou nted to CH F 293.1 million, corresponding to year-on-year growth of 25.3%. Thanks to the highlevel of capacity utilisation and the comprehensive measures of the previous years to improve performance, an EBIT margin of 17.7% was achieved (prior year period: 9.5%).

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Assuming a continuous dynamic development in the second half of the year, SFS expects sales growth to a level of around CHF 1.9 billion for the full 2021 financial year at an EBIT margin of approximately 15%. This corresponds to sales growth of approximately 5% per year since 2019, which is in line with the medium-term growth targets announced. SFS concludes that the outlook for full year 2021 remains fraught with uncertainties and risks due to the ongoing Covid-19 pandemic. That is why SFS’ management focus on protecting employee health and safeguarding delivery capacity, with further efforts to pursue investment and innovation projects, will still be given top priority.

Bossard Back on Growth Course In the first half of 2021, Bossard Group recorded a sales increase of 23.9% to CHF 494.8 million (previous year: CHF 399.4 million). The pace of growth accelerated slightly in the second quarter and was supported by a broad-based economic upturn. For the first half of 2021, Bossard Group expects an EBIT of around CHF 67 million, corresponding to an EBIT margin of 13.5%. Bossard Group reports that this is the best half year result in the company's history. In Europe, Bossard generated sales of CHF 146 million in the second quarter, an increase of 42.3% (in local currency: +39%). In the first half of the year, sales increased by 24.6% (in local currency: +22.2%) to CHF 293.7 million. Business in America showed strong sales growth of 30.4% (in local currency: +37.5%) to CHF 55.8 million in the second quarter. In the first half of the year, sales increased by 14.5% (in local currency: +21.4%) to CHF 110.8 million. The weakening of the US dollar had a negative impact on sales development.

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European News Growth in Asia remained at a high-level in the second quarter. Sales increased by 37.3% (in local currency: +35%) to CHF 48.2 million. In the first half of the year, sales increased by 35% (in local currency: +34.6%) to CHF 90.3 million. Bossard’s focus on growth segments led to gains in market share. As a result of strong global demand, the supply market situation remains tense, which is currently reflected in further price increases and longer delivery times. The Covid-19 situation also remains a factor of uncertainty due to rising infection rates in various market regions.

Streamlining Mitigates Effects of Negative Macroeconomic Factors Bulten AB has reported that its streamlining, along with a new Full Service Provider contract that was signed during 2020, have largely compensated for negative macroeconomic factors currently impacting the market. Bulten achieved net sales of SEK 910 million in Q2 of 2021, an increase of 106.2% on the same period last year. However, the company was quick to point out that the comparison quarter was severely affected by the pandemic. Compared to Q1 2021, which was more representative of Bulten’s performance in a normalised market, net sales fell by 17.5%, due to lower production among customers during the quarter. Anders Nyström, president and CEO at Bulten, commented: “The progressive recovery that characterised the global automotive market from the second half of 2020 was interrupted during the second quarter of this year. The shortage of semiconductors is now a clearly inhibiting factor for production across the automotive industry, something both we and others in the industry have warned of previously. Underlying demand in the consumer stage remains strong, but at present vehicle production cannot keep up with demand.” He continued: “The shortage of semiconductors, along with price rises for steel and shipping, are three macroeconomic and partly geopolitical factors that have resulted in an extreme situation for the entire global industry. These factors are expected to have a further negative impact on Bulten’s sales and margins during the second half of 2021. We are continuing to focus on what we can control and are continuing to strengthen Bulten’s position and offering.”

New Polish production unit Bulten has also started the construction of a new production unit in Radziechowy-Wieprz, Poland. With production start-up planned for the first half of 2023. This will give Bulten a facility with world-class surface treatment processes in terms of efficiency, quality, and sustainability. The facility is a vertical integration of Bulten’s existing plant in Bielsko-Biala and will further strengthen its competitiveness.

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MKS Instruments to Acquire Atotech

European News

MKS Instruments Inc and Atotech Limited have announced that they have entered into a definitive agreement pursuant to which MKS will acquire Atotech. The equity value of the transaction is US$5.1 billion and the enterprise value of the transaction is approximately US$6.5 billion (€5.48 billion). John T.C. Lee, president and CEO at MKS, commented: “Together MKS and Atotech will be uniquely positioned to drive faster, better solutions and innovations for customers in advanced electronics. By combining leading capabilities in lasers, optics, motion and process chemistry, the combined company will optimise the PCB Interconnect, a significant enabling point of next-generation advanced electronics that represents the next frontier for miniaturisation and complexity. We anticipate the addition of Atotech will position MKS to enable roadmaps for future generations of advanced electronics devices. The acquisition of Atotech also provides MKS with a recurring revenue stream from a consumables portfolio for leading-edge devices”“The combination of Atotech’s expertise in electroplating and chemistry and MKS’ strengths in lasers, laser systems, optics and motion will enable innovative and ground-breaking solutions for customers in the areas of materials processing and complex applications,” said Geoff Wild, CEO of Atotech. “This transaction is an excellent outcome for our shareholders, and we believe it will provide immediate value and the opportunity to benefit from the upside potential of the combined company.” Atotech, headquartered in Berlin, Germany, has a team of 4,000 experts in over 40 countries generating annual revenue of US$1.2 billion in 2020. It has manufacturing operations across Europe, the Americas, and Asia.

Proven Fireproof Conduit Fastenings Conduit installations must retain their load-bearing capacity for a sufficient length of time in the event of fire. fischer has therefore helped develop the European Assessment Document (EAD) 28001600-0602 for pipe support systems and optimised it for fire protection, which is serving as the basis for the European Technical Assessment (ETA) for fischer products. Significant deformation can occur on rail constructions when exposed to fire. Conduit installations in escape and rescue routes must therefore be designed to withstand fires, which can save lives. fischer contributed to modif ying t he European Assessment Document (EAD) 280016-00-0602 published by the German Institute for Structural Engineering (DIBt) a nd optimised t he document for f ire protection purposes. This now allows European Technical Assessments (ETAs) for approved conduit fastening products to be created with CE Marking, while the fire resistance of installations is assessed and proven according to up to date tech nical knowledge. During this process, each construction product of a fischer pipe support system is tested and assessed by a specially accredited institute before being transferred into an ETA. News provided by: Fastener + Fixing Magazine www.fastenerandfixing.com Fastener World no.191/2021

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Russian News

Russian Compiled by Fastener World

A New Workshop of Hot-stamping Equipment for Production of Fasteners was Launched at KONAR JSC A modern press machine from HATEBUR (Switzerland) was put into operation in the new hot-forging equipment workshop of KONAR JSC. This is the third and most modern machine that KONAR has for the production of large quantities of high precision metal products. KONAR manufactures high-strength fasteners for the oil and gas industry, as well as for metal structures, railway and automotive industries. The complex of three HATEBUR machines, as stated on the company's website, will provide the KONAR company with a leading position in the production of hot heading nuts for the petrochemical industry of the Russian Federation. The new equipment is capable of producing 3 nuts per second with minimal waste, which ensures high productivity while conserving resources and the environment. Valery Bondarenko, General Director of KONAR JSC, said that the total investment for the construction of the workshop amounted to 890 million rubles. The launch of production will also create 50 new jobs.

Hilti Boosts Mobility: 100 New Volkswagen Transporters are Re-equipped to Showcase the Power of Construction Tools The Volkswagen Commercial Vehicles brand and the global manufacturer of professional solutions and tools for the construction industry, Hilti, have entered into an agreement for the supply of 100 new Transporter 6.1 vehicles. As part of the partnership, the Volkswagen Transporter vans will be converted to an innovative vehicle format to showcase Hilti's construction tools and other solutions that can be conveniently mounted inside the vehicle to showcase their effectiveness. The body of the converted Transporter will quickly turn into a mobile and stand-alone Hilti demo office when required.

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The Primorsky Territory, in 2 Years, will Begin to Produce Fasteners A preferential credit line was opened for a resident of the Free Port of Vladivostok for the construction of the first Far Eastern factory for the production of fasteners. In the Primorsky Territory, the Primstroitel company plans to launch import-substituting production in 2023. “There are no other manufacturers of fastening materials in the region now. Its launch in 2023 will allow local construction companies to purchase domestic products at affordable prices. At present, almost all screws in the Far Eastern Federal District are imported from China and Taiwan”, - said Alexander Bondarenko, General Director of Primstroitel LLC. He added that the status of a resident of the free port of Vladivostok, in addition to the possibility of concessional lending, gives the company a wide range of other advantages that make it possible to implement the project successfully. The total investment in the project will amount to 338.2 million rubles. The new production will create 31 jobs.

In Tatarstan, It is Planned to Launch the Production of Self-tapping Screws with the Appropriation of a Loan from FRP The Expert Council of the Industrial Development Fund (FRP) approved the possibility of allocating a loan of 136.9 million rubles for the implementation of a project for the production of self-tapping screws in Tatarstan. The appropriations are supposed to be allocated under the FRP program "Development Projects". The Tempo-Metiz company from Naberezhnye Chelny intends, using the funds raised, to launch the production of self-tapping screws with a zinc lamella coating. During the implementation of the project, 41 jobs will be created. The total project budget will amount to 273.9 million rubles.

Russian News Ryazan Polytechnic University Begins to Study the Technology of Fastener Production Since the beginning of the 2021 financial year at the Ryazan Institute of the Moscow State Polytechnic University, as part of the specialties in mechanical engineering technology, the course "Technology of fastener production" has been open. Lectures are given by Semyon Volkov, who has practical experience in creating fasteners production, relying on modern teaching aids and technical achievements of foreign companies in the field of metal forming, lubricants, heat treatment, and application of protective coatings.

New Products of MMK-metiz Specialists of the technical center of OJSC MMKMETIZ have developed a new type of welding wire made of low-carbon alloy under the MagWire brand. The wire is intended for automatic and semi-automatic arc welding of low-alloy structural steels of increased strength in a mixture of shielding gases. The company bought a new complex for the production of galvanized wire with galvanizing units of the Belgian company FIB, which has a capacity of 12 thousand tons and allows the wire production with diameters from 1 to 6 mm. In recent years, the plant has commissioned new modern facilities for fasteners production, including large sizes. Taiwanese cold heading and thread rolling machines for the production of bolts and nuts, cold and hot heading equipment for the manufacture of railway fasteners were launched. In addition, a complex was purchased for the preparation of calibrated rolled products for upsetting fasteners - furnaces from LOI, a fully automated galvanizing line Tesar-Ekogal was launched for galvanizing small fasteners with a diameter of 6 to 12 millimeters. OJSC MMK-METIZ has recently mastered the production of new types of fasteners: a screw with a flange for ventilated facades of strength class 8.8 and self-tapping / self-drilling screws for a window profile. News provided by: Alexander Ostashov, editor of “Fasteners, Adhesives, Tools and...” Magazine Mariya Valiakhmetova, editor of “Metiz” Magazine Fastener World no.191/2021

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Brazilian News

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Fastener Imports into Brazil Won’t Reach US$ 1 Billion In the first nine months of 2021 the fastener import into Brazil totalled US$ 693.62 million (151,487.7 tons), a result of 38.92% up from US$ 499.27 million (104,052.1 tons) in 2020; and 11.57% higher than the record for the 12 months in 2019 which was US$ 621.65 million (123,923.4 tons). The 2021 performance is good, but not enough to break the record. After all, the Brazilian currency is depreciated. Also, many circumstances have caused impacts, such as some production halts of automotive and auto parts companies, and the shortage of containers does not allow the imports to go beyond.

Michael Kleber and Enéas Henrique (New-Fix President and CEO)

New-Fix Celebrates 21st Anniversary On normal conditions, corporations celebrate when they achieve ten years from foundation, also 15, 20 years...and so on. New-Fix, a young and very successful fastener manufacturer in Brazil, was celebrating the 21st year. The company was founded by Michael Kleber and Enéas Henrique, when they were, practically, teenagers. In early 1990, Kleber and Henrique were employees at a small fastener store, separating and arranging several kinds of fasteners. Soon, the duo was working in sales. In 1994 they founded their own fastener store to sell as a specialist in rivets. In 2000, the store had its own production to supply some important customers. In 2002, an opportunity emerged for them to purchase a modest company named “NeoFix”, consolidating the current trademark New-Fix. Currently operating with more than 540 employees, it is forecast to achieve more than 15 thousand tons in production for 2021, including bolts, screws, nuts, as well as rivets in which New-Fix is the Brazilian leader.

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Brazilian News Jomarca Does not Stop Expansion Located in Guarulhos City, SP, around ten minutes from International São Paulo Airport, the huge area owned by Jomarca was amplified with the purchase of a neighbouring area of 6,800 m², a space once occupied by a chemical industry which has moved to another address. Joma rca, one of the biggest Brazilia n fastener manufacturers, has invested in expanding its industrial plant to 51,000 square meters in total. “This expansion directly impacts the production of fasteners for furniture industries. The new facilities have more machines to process raw materials to manufacture fasteners overall. In addition, this new space is to be occupied by new lines for painting and surface treatment”, said Ricardo Marques Castelhano, CEO of Jomarca.

Ricardo and João Marques Castelhano (CEO and President of Jomarca)

Walsywa: Moving and Expanding A fastener player in the construction and solar energy markets, Walsywa operates in its new headquarters in Jundiaí town, around 90 km from the state capital, São Paulo. The modern and new address has a 13-meter high ceiling, a nd more t ha n 8,0 0 0 pallets a nd eight docks, where t he company can move batches João Pedro Schrott (President of Walsywa) with greater speed. It is very close to two of the five busiest highways in the country. The office is a modern and open environment with high floors, in addition to rooms for taking a rest and playing games, thus generating greater interaction with the collaborators. It has a very modern laboratory which is still under construction.

Ingepal: Deck Screws Decks surrounding swimming pools, porches, and gardens have a plastic resin composite which greatly expands and contracts when exposed to weather. For secure and long-lasting fixation without impacting the aesthetics in the construction or renovation of decks, the Brazilian fastener manufacturer, Ingepal, presents its line of exclusive screws for this type of application. The company is the only one in Brazil that has developed this type of screws in hardened steel, an item capable of resisting expansion and contraction.

Sergio Milatias, Editor Revista do Parafuso (The Fastener Brazil Magazine) milatias@revistadoparafuso.com.br www.revistadoparafuso.com

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Industry Focus

Economic Landscape with Emphasis

on Brazilian Fastener Industry by Sergio Milatias

In this article we will portray the performance of three important segments in the Brazilian industry in the years 2019, 2020 and 2021. These segments are local production of steel, fasteners, and automobiles. The comparison involves the market behaviour before and during the pandemic which, unfortunately, is not over yet.

Brazilian Automotive Production (Unit: Vehicle)

2019

2020

2021

2,944,988

2,014,055 (↓31.61%)

---

Steel Production

Jan./Aug. 2019

Jan./Aug. 2020

Jan./Aug. 2021

Brazilian Steel Production

2,011,055

1,109,929

1,476,053 (↑32.99%)

YTD 2019

YTD 2020

YTD 2021

32,570,000 tons

31,413,000 tons (↓3.56%)

...

Jan./Aug. 2019

Jan./Aug. 2020

Jan./Aug. 2021

22,367,000 tons 19,952,000 tons 24,272,000 tons 2019/2020 (Variation)

2020/2021 (Variation)

2019/2021 (Variation)

↓10.8%

21.66%

7.85%

We use 2019 as the reference year because it was the last period before the pandemic. As we all know, steel is the main raw material for producing screws, bolts, nuts, and other kinds of fasteners. Brazil ranks 9th in the world’s steel production, taking up 1.2% of the total. China is the biggest with 55% of the world's total production. Steel manufacturers in Brazil produced 32,570,000 tons of steel in 2019, and 31,413,000 tons in 2020 (↓3.56%). Comparing the January-August (Jan-Aug.) period over the latest 3 years, Brazil produced 22,367,000 tons in 2019, 19,952,000 tons (↓10.8 %) in 2020, and 24,273,000 tons (21.66%) in 2021. With the current performance, 2021 will finish with more than 139 thousand tons, an increase around 11% over 2019. Sources: www.acobrasil.org.br/site/en www.worldsteel.org / www.alacero.org www.oica.net / www.anfavea.com

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With the world’s 9th largest automotive production, the automotive sector in Brazil is one of the most impor tant destinations for fastener products. For months the automakers and the supply chain in Brazil have faced a shortage of raw materials and, mainly, the electronics components from Asian providers, such as China. In 2019 the local automakers produced 2,944,988 units of vehicles, including passenger cars, trucks, buses and commercial utilities – not including the production of motorcycles, tractors and road and agricultural machines and application sectors. During the pandemic, 2020 ended with low performance with 2,014,055 units of vehicles produced (↓31.61%). The results of the Jan.-Aug. period in the last three years are 2019: 2,011,055 units of vehicles; 2020: 1,109,929 units of vehicles (↓44.81%); 2021: 1,476,053 units of vehicles (32.99%, but ↓26.61% over 2019). At the time of writing, which was early October, some automakers were temporarily halted by auto-parts shortages. Nevertheless, the market of used vehicles had achieved sales record.

Steel Production We still don’t have accurate data to know how many tons of fasteners have been produced in Brazil. However, we have the results from six main fastener manufacturers as follows. They are Fey, Hassmann, Jomarca, Metalac, Metaltork and New-Fix and are some of the most important companies of the sector in Brazil that, altogether are expected to produce around 116 thousand tons of fasteners for the whole 2021.

Industry Focus Fey

Metaltork

Ivan Reszecki

A fastener provider for industries of heavy automobiles, trucks, buses, roads, and agricultural machines, Metaltork has around 82% of its total production for OEM customers; 3% goes to the aftermarket with other sectors taking up the remaining 15%. The company finished 2019 year with 9.5 thousand tons produced, getting a modest increase in 2020 to 10.1 thousand tons. "By 2021, our production will reach around 13.1 thousand tons."

Metalac SPS

Ricardo Fey

Located in Indaial Town, Santa Catarina State, and operating in the fastener industry, Fey ended 2019 by producing a round 23 thousand tons of fasteners, including bolts, nuts, and special parts. However, in 2020 the orders fell to 19 thousand tons, especially impacted by the automotive sector. The expectation for 2021 is much better, with around 24 thousand tons produce d for t he whole year, said the company’s CPO, Ricardo Fey.

Reginaldo Collicchio

A subsidiary from the Precision Castparts Corp. (USA), Metalac is in Sorocaba City, S. Paulo State, and owns one of the most modern industrial plants in Brazil with 300 employees. As an automotive fastener specialist, the company started aerospace fastener production in 2019. Currently, the production is shared among automotive industries taking up 85% and aerospace taking up 10%. The remaining goes to other sectors, as told by Metalac’s COO, Reginaldo Colicchio. He said the company produced 12 thousand tons of fasteners in 2019, and 8.6 thousand tons in 2020, with 2021 forecast at around 12.6 thousand tons and 2022 at 14.8 thousand tons.

New-Fix

Enéas Henrique

New-Fix COO, Enéas Henrique, reported production of around 9 thousand tons in 2019. So, in the following year, this company located in Ferraz de Vasconcelos town, São Paulo State increased to 13.5 thousand tons, especially because of the unexpected strong recovery during the second quarter of 2020. Henrique said the production will reach around 15 thousand tons of fasteners by the end of 2021, with a work force of more than 500 employees.

Jomarca

Hassmann SA

Ricardo M. Castelhano

A fastener provider for the Brazilian furniture market, Jomarca has the headquarters and main industrial plant near International Airport S. Paulo, in Guarulhos City. The company has more than 900 employees. Around 45% of its total production goes to the industrial sectors, with a highlight on furniture manufacturers. The remaining 55% is for resale, as said by Jomarca CEO, Ricardo Marques Castelhano. The CEO also said after the recession the market has lived a great moment, so much so that in 2019 it produced 22 thousand tons, and increased to 26 thousand tons in 2020, which could land at 28 thousand tons until the end of 2021, especially by recent investments.

Augusto Hassmann

Located in Immigrant, a town near Porto Alegre, Rio Grande do Sul State, Hassmann SA is a fastener manufacturer with 400 employees. It supplies around 53% of its production to the automotive industries consisting of automakers taking up 26%; systemists at 19%; heavy machines and road implements at 8%. The agricultural sector takes up 24%; distributors take up 12%, with the remaining scattering across other segments. In 2019, the company produced 13.3 thousand tons of fasteners, while in 2020 it produced 12,5 thousand tons. However, by September 2021 the company already achieved 16.5 thousand tons, and the forecast ranges between 21 and 22 thousand tons, as said by Augusto Hassmann SA, the company’s COO. Fastener World no.191/2021

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Industry Focus

CPTPP and the Fastener Market by Shervin Shahidi Hamedani

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. The CPTPP was signed by the 11 countries on 8 March 2018 in Santiago, Chile. It is notable that, this Agreement is a separate treaty that incorporates, by reference, the provisions of the Trans-Pacific Partnership (TPP) Agreement (signed but not yet in force), with the exception of a limited set of suspended provisions. The 11 countries have a shared vision of the CPTPP as a platform that is open to others to join if they are able to meet its high standards.

The result of the CPTPP is a high-standard, ambitious, comprehensive, and balanced agreement that will promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and promote transparency, good governance, and enhanced labour and environmental protections. After all, it’s an important step toward an ultimate goal of countries for open trade and regional integrations.

The CPTPP builds a broad market access for fastener manufacturers and traders. It removes or at least cuts tariff and non-tariff barriers across considerably all trade in goods and services including industrial fasteners and covers the full range of trade, including goods and services trade and investment. This creates new opportunities and benefits for investors, business owners, subject matter experts, labours, as well as clients in the fastener market.

In this article, we study the impact of the CPTPP on the fastener market more specifically in ASEAN. Overall, the CPTPP like other Free Trade Agreements (FTAs) would be able to facilitate the growth of regional fastener production networks as well as global value chains. The CPTPP could be more beneficial for multinational fastener enterprises which have built (or plan to build) regional production networks to increase their competitiveness and resilience to external shocks in the global market, as what we have experienced recently as a result of the pandemic. The expansion of value chains creates competitive edges for large entities over local or smaller players in the market, as they have divided their production processes, located them in various countries following their comparative advantages, and connected them to value chains by international trade. However, smaller players in the market, still will gain several benefits from the CPTPP as they will be facing less barriers to enter into the new market and less challenges for exporting their products as well as importing raw materials, machinery and tools.

In addition to the trade liberalization stated above, this agreement unifies trade, creates more jobs and improves efficiency. The CPTPP simplifies cross-border integration and impacts on opening a domestic market to regional and international markets for all members in general and its ASEAN countries in specific.

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Interestingly, this agreement supports innovation, productivity, and competitiveness by transferring knowledge and new technologies from advanced countries to the other member countries. It significantly affects R&D advancement in the fastener industry and will support more countries like Brunei Darussalam, Malaysia, and Vietnam to manufacture superior-quality standard and specialized fasteners. Although it might seem that larger fastener manufacturers and traders get more benefit from the CPTPP than smaller entities do, The CPTPP is all about inclusive trade. It includes several elements to fortify and secure that economies at all levels of development and businesses of all sizes can benefit from trade. It includes commitments to help small- and medium-sized businesses

Industry Focus understand the agreement, take advantage of their opportunities, and bring their unique challenges to the attention of the CPTPP governments. It also includes specific commitments on development and trade capacity building, to ensure that all Parties are able to meet the commitments in the Agreement and take full advantage of its benefits. All in all, the CPTPP is designed and deployed as a platform for regional economic integration and intended to contain additional economies across the APAC. The CPTPP distinguishes the challenges facing Small and Medium-sized enterprises (SMEs) in establishing export markets, and includes outcomes to make this task easier in the CPTPP region. This would be very beneficial for smaller size of fastener manufacturers and traders of the CPTPP members. As stated earlier, the removal of tariffs and lessening in non-tariff barriers in CPTPP fastener products, tools and machinery export markets, common and transparent trade and investment rules among 11 Asia-Pacific countries, supporting in reducing the administration costs and accessing to the global value chains would be the key advantages of the CPTPP for the SMEs. Additionally, new policies that boost SMEs involvement in governmental procurement opportunities in all CPTPP countries and commitments addressing several recent trade and investment issues, comprising rules against corruption; dropping unfair competition by State-Owned Enterprises; and safeguarding a liberalised ecosystem for digital transformation and electronic commerce are other outcomes of the CPTPP which can be related to the SMEs market. Under CPTPP, fastener importers could make a claim for special tariff treatment based on a Certification of Origin. Interestingly, unlike other FTAs, under CPTPP this certification does not need to follow a prescribed format. However, fastener exporters are required to carefully study the tariff schedules issued by each member countries as some members have totally eliminated the tariff for fastener products (e.g. HS Code 7318) like Singapore, Australia and Brunei while some others have reduced the tariff like Malaysia (reduced to 5%) or Canada (reduced to 8%). There are some countries like Vietnam which is planning to remove the tariff within 3 years. The tariff for fastener products, will be reduced year by year (Y1 7%, Y2 5%, Y3 2.5%) until it will be totally removed in year 4 and onwards. I n su m m a r y, t h e C P T P P b r i n gs several benefits for fastener manufacturers and traders of the countries which are members and therefore creates competitive edges for them compared with other nonmember countries in their regions. Tariff reductions and relaxed trade requirements, reduced importer costs, improved customs clearance times, less complicated trade procedures, and increased access to a wide range of products are the key advantages of the CPTPP as explained earlier in this article.

Resources: Summary of the Trans-Pacific Partnership Agreement & Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP): Published by The Australian Government, Department of Foreign Affairs and Trade.

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Industry Focus There is a new upcoming issue many industry professionals worry that may bring impacts to the fastener industry in the near future, which is “Carbon Border Adjustment Mechanism”, or we can just call it the EU’s carbon tax on certain imported goods. CBAM will officially come into force in 2026 with a grace period from 2023 to 2025. Some factories relocated their manufacturing operations from their home country to where the manufacturing cost is relatively lower in order to increase their competitive edge on the global market. However, once CBAM take effects, they are very likely to be levied with the carbon tax as those countries where their factories are located currently still do not have complete carbon reduction regulations that meet the EU’s standards.

Carbon Border Adjustment Mechanism and Its Effect on the Fastener Industry by Sharareh Shahidi Hamedani

The proposed use of border carbon measures by the European Union (EU) Member States has been among the most contentious issues in the trade and environment debates. The EU proposal is to use border ca rbon adjustment against imported products, whose producers do not conform to the emission norms followed by the EU Member States. In December 2019, the EU proposed to introduce a carbon border adjustment mechanism (CBAM), a form of carbon pricing on imports into the EU. As part of its Green Deal, the European Union is currently preparing a “Carbon Border Adjustment Mechanism” (CBAM). A CBAM applies carbon pricing to imports with the objective of mitigating concerns about carbon leakage. As indicated by the European Green Deal, the CBAM would ensure that the price of imports reflects more accurately their carbon content. The CBAM is meant to extend the geographic reach of the EU’s carbon price by applying it to products imported from non-EU countries. Such products could include electricity and fuels, basic industrial materials like steel, aluminium and cement, or more complex semimanufactured and manufactured goods. Aluminium products should be included in the CBAM as they are highly exposed to carbon leakage. Moreover, in several industrial applications they are in direct competition with steel products because of characteristics closely resembling those of steel products. Inclusion of aluminium is also relevant as the scope of the CBAM may be extended to cover also indirect emissions in the future.

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Fasteners as a Type of Steel Production The following table shows that in 2020 the total trade of fasteners in the world was around 36.5 billion USD, 1.64 billion USD (4% of the total trade in the world) of which were contributed by ASEAN fastener producers (26% of their production, about 423 million USD were bought by EU consumers). Share in the Total World Trade 100%

Numbers are in Thousand USD

Year 2020

World trade

36,534,012

ASEAN Export to the world

1,639,843

423,160

26%

ASEAN export to the EU

Therefore, there is concern in Southeast Asia that the potential for more EU tariffs on exports from ASEAN countries will result in a decrease in trade if the cost of imports becomes uncompetitive. Moreover, Under the currently planned pilot stage between 2023 and 2025, the CBAM will only apply to iron, steel, aluminium, and electricity imports (these items directly impact on the fastener industry). The steel industry in particular is on track to consume 50 percent of humanity’s carbon budget by 2050 unless thorough decarbonization is implemented. And, compared with other industries like automobiles, steel is more difficult for carbon abatement. On the other hand, most fastener manufacturers are SMEs that focus their efforts on survival for example, short-term profitability, ensuring their day-to-day operations, maintaining revenue and paying salaries.

Industry Focus Improving environmental performance (like carbon border adjustment mechanism) may seem like an additional cost of doing business for SMEs. They rarely have (or can afford) dedicated staff to work on the environmental performance, including understanding sometimes complex carbon border adjustment mechanism requirements. However, experience from around the world demonstrates that adopting greener practices can have real benefits for SMEs, including increasing profitability and lowering the operating costs, increasing competitiveness and resilience, and opening access to new markets and sources of finance. For example, China has taken several initiatives to combat this by discarding ageing and outdated facilities, prohibiting manufacturers from blind expansion of their production scales, and attempting to streamline the fastener industry through consolidation. Concurrently, there is also an ongoing effort to export its excess production capacities through outward investments. Beyond the economic and environmental benefits of greener practices for conventional fastener industry, the green economy presents entirely new opportunities for them to become leaders in fields such as renewable energy installation, green service provision, and green consulting. Firm size cuts both ways for the fastener industry trying to adopt greener practices. Although small firms have fewer resources to adopt green measures, they often have greater flexibility than larger firms and can sometimes adopt new technologies more quickly. The resultant expansion in the fastener sector in ASEAN may, therefore, be replicated in other industries, as will its implications on the region’s total capacity as a whole and on the subsequent need to export. ASEAN, therefore, must play a more active role in using existing initiatives or creating new approaches to monitor the impact of the export of excess production capacities from China into the region. The increase in production capacities may create employment and possibilities for technology transfer, but it can also negatively impact the sustainability of existing ASEAN steel producers who lack the scale and technology to compete with the larger scale of Chinese production and the technology that are supported by the Chinese government in the form of tax rebates, financing support, grants, and others. In short, national FDI policies have to be cognisant of regional developments in their planning. Foreign Direct Investment (FDI) flows into the ASEAN region fell by 25% in 2019 given the impact of the coronavirus disease (COVID-19) pandemic. Despite the decline, ASEAN remained an attractive investment destination, with its share of the global FDI rising from 11.9% in 2019 to 13.7% in 2020.

References https://www.iseas.edu.sg/wpcontent/uploads/2020/03/ISEAS_ Perspective_2020_50.pdf https://seads.adb.org/news/ aseans-share-global-fdigrowing-despite-covid-19 https://www.oecd.org/southeastasia/regional-programme/ networks/Facilitating-green-%20 transition-for-ASEAN-SMEs.pdf https://www.ec.europa.eu file:///C:/Users/sheri/Downloads/21527possible-implications-of-theeuropean-carbon-border-adjustmentmechanism-for-ukraine-andother-eu-trading-partners.pdf

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Industry Focus

2021 Global Fastener Mergers & Acquisitions Timeline

01/07

Speedtech Acquires Toleeto Fasteners Purpose: Increase Speedtech’s capabilities, services, and geographical footprint.

J A N.

01/28

Threaded Fasteners Inc. Acquires Construction Fasteners LLC Purpose: Threaded Fasteners to serve the greater Mississippi construction market.

Würth Industry North America Acquires Atlantic Fasteners

02/02

F E B.

Purpose: Add Würth’s anchor bolt manufacturing capability and deepen footprint in the mid-Atlantic region.

03/01

Novaria Group Acquires The Young Engineers, Inc. Purpose: Continue Novaria’s expansion into aerospace fasteners.

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03/09

M A R.

B&F Fastener Supply Acquires the Fastener Division of Champion Charter Purpose: Additional product offering to B&F’s existing customer and prospect base.

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Industry Focus 03/16

Würth Industry North America/ Northern Safety & Industrial (NSI) Acquires ORR Safety Purpose: Grow Würth’s safety product offering via NSI.

Bertram Capital Acquires AFC Industries

04/20

Purpose: Bertram Capital to secure a new industrial platform; AFC to leverage to further accelerate growth.

A P R. 04/26

Birmingham Fastener Acquires Steel City Bolt Purpose: Birmingham Fastener’s expansion into the Carolinas and east coast.

Maclean-Fogg Acquires Formetrix

05/11

Purpose: Broaden the capabilities of MacLean-Fogg to service OEM, Tier 1 and 2 customers, as well as tool and die makers.

M A Y

06/01

Purpose: MSC to expand presence in the aerospace industry; WM. F. Hurst Co. to expand reach across MSC’s 1.9 million products and national footprint.

J U N.

Bülte Group Acquires The Fasteners Division of Werit

MSC Industrial Supply Acquires WM. F. Hurst Co.

06/30

Purpose: Strengthen Bülte’s market position in the field of plastic fasteners.

07/21

J U L.

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BlackHawk Industrial Acquires Reliance Supply Purpose: BlackHawk to expand into the Florida market, service a broader range of customers and increase product offerings.

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Industry Focus

08/01

Threaded Fasteners, Inc. Acquires RTC Threaders

08/20

Purpose: Threaded Fasteners to add the capability of manufacturing planetary threaders; RTC to expand the current manufacturing capabilities.

Trifast Acquires Falcon Fastening Solutions

A U G.

Triangle Fastener Corp. Acquires GLR Fasteners Inc. Purpose: Expand Triangle Fastener’s coverage in the San Francisco Bay Area.

09/01

Purchase Price: USD 8.3 million Purpose: Trifast to enhance North American footprint; Falcon to gain access to the sourcing, purchasing, and marketing capabilities at Trifast.

09/07

Martin Fastening Solutions Acquires Capital Bolt & Screw Purpose: Expand Martin Inc.’s OEM fastener footprint and customer base.

Bufab Acquires Component Solutions Group, Inc.

09/08

Purchase Price: USD 26 million Purpose: Bufab to strengthen product and service range; CSG to improve customer offering.

S E P.

09/21

Lindfast Group Acquires Solution Industries Purpose: Lindfast to better serve customers; Solution Industries to leverage Lindfast’s supply chain capabilities and distribution network.

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09/30

Linc Systems Acquires Air-O Fasteners Purpose: Linc Systems to expand into the Utah market and deepen presence in the Western U.S.

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Industry Focus

10/01

BÖLLHOFF Acquires HELICOIL® Trademark Purpose: Böllhoff to serve OEM automotive applications for HELICOIL® and wire thread inserts; Stanley (previous HELICOIL® holder) to serve automotive repair and aftermarket applications.

Nucor Fastener Acquires Coil Processing Facility

10/06

Purpose: Grow Nucor’s fastener division.

O C T.

10/18

Brighton-Best Acquires Vertex Distribution Purpose: To build up a more robust and diversified business for Brighton-Best’s distributors

FDH Aero Acquires Stealth Aerospace

10/18

Purpose: Strengthen FDH’s ability to serve the global aftermarket customer base.

10/25

Bossard Group Acquires Jeveka Purpose: Bossard to expand presence in the Benelux countries; Jeveka to broaden the range of products and services.

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Industry Focus

U.S. Car

Production & Sales and Comparison with Statistics in 2020

by Behrooz Lotﬁan

The Automotive Industry ＞＞ The greatest initial concern for the industry during the pandemic was the threat of supply shortages. The virus first appeared overseas, where factories producing parts and equipment shut down. COVID-19 broadly hit the U.S. in March 2020, with its impact spreading across the market. Vehicle manufacturers reacted by closing or slowing operations and laying off or furloughing workers. Dealer activities diminished, and consumer demand plummeted. U.S. vehicle transactions in April 2020 were down 53 percent from prior-year levels, according to AutoCount market reports by Experian. This decline was consistent for both new vehicles (down 51 percent) and used ones (down 54 percent). As the economy gradually reopened during the summer following its near shutdown in the spring, vehicle sales began climbing toward pre-COVID-19 levels. The numbers of both new and used vehicle have grown. In the first quarter of 2021, there were some more than 280.6 million vehicles operating on roads throughout the United States. It was expected to be 282.6 million vehicles in the 2nd quarter of 2021. Almost 43.8 million used vehicles changed owners in the U.S. during the 2nd quarter of 2020 and first quarter of 2021, while new registrations of vehicles came to about 14.2 million units during that period.

The Future of U.S. Automotive Market in 2030 ＞＞ Shared mobility, connectivity services, feature upgrades and new business models could expand automotive revenue in aftermarket to $1,200 trillion to $4,000 trillion. Despite a shift toward shared mobility, vehicle unit sales will continue to grow about 2 percent per year. Overall global car sales will continue to grow, but the annual growth rate is expected to drop from 3.6 percent to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-purpose mobility solutions.

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Industry Focus The Fastener Industry ＞＞ Fasteners Imported into the U.S. Due to the increase in the number of car production, the number of fasteners should have also increased. Table 1 shows the value of fastener imports into the United State.

Table 1. Fasteners Imported into the U.S. (Unit: 1,000 USD) Import Sources

2020-Q1

2020-Q2

2020-Q3

2020-Q4

2021-Q1

2021-Q2

Taiwan

466,310

445,837

469,521

497,143

519,165

650,216

Change

----------

-4%

25%

China

201,723

250,751

228,828

225,034

240,515

270,457

Change

----------

24%

-9%

-2%

12%

Japan

157,858

109,742

104,053

152,859

160,738

183,989

Change

----------

-30%

-5%

47%

14%

Germany

107,690

73,056

83,159

79,138

87,067

103,629

Change

----------

-32%

14%

-5%

10%

19%

Taiwan as the largest source has been able to increase its exports to the United States by 36% (accumulated growth) since the 2nd quarter of 2020 till the 2nd quarter of 2021. Taiwan has managed the Corona Virus impact for its fastener industry very well. Its export decreased in the 2nd quarter but after that it could recover its numbers. China as the 2nd biggest exporter to the U.S. has been able to increase its export number by 32% (accumulated growth) in the same period. China's recovery pattern is not normal. In the 2nd quarter of 2020 (The peak of the pandemic), its exported fastener value has increased by 25%. And, after this time for 2 quarters in a row its numbers have decreased, which could be the result of U.S. and China economic friction. Japan as the 3rd biggest exporter to the U.S. has been able to increase its export numbers by 31% (accumulated growth) in the same period. The Japanese also recovered their exported fastener number in the 4th quarter of 2020. Germany as the 4th biggest exporter to the U.S. has been able to increase its export numbers by 6% (accumulated growth) in the same period. Germany is the only country that has a fluctuated recovery graph. It is because Germany's fasteners are normally high-end fasteners, which other suppliers just cannot supply.

Fasteners Exported from the U.S. Table 2 shows the value of fasteners exported from the United State.

Table 2. Fasteners Exported from the U.S. (Unit: 1,000 USD) Export Destinations

2020-Q1

2020-Q2

2020-Q3

2020-Q4

2021-Q1

2021-Q2

Mexico

362,241

176,701

327,121

349,975

359,082

368,354

Change

----------

-51%

85%

Canada

267,836

173,120

249,605

248,995

265,940

272,544

Change

----------

-35%

44%

China

46,269

42,482

42,039

52,290

55,985

59,378

Change

----------

-8%

-1%

24%

Mexico is the biggest buyer of U.S. fasteners and the export has recovered from the 2nd quarter of 2020 to the 3rd quarter of 2020 and its accumulated growth has been 47% during the period from the 2nd quarter of 2020 to the 2nd quarter of 2021. Canada is the 2nd biggest buyer of U.S. fasteners and since the 2nd quarter of 2020 the U.S. has recovered this market in the 3rd quarter of 2020 and its accumulated growth is 18% in the same period. China is the 3rd biggest buyer of U.S. fasteners and since the 3rd quarter of 2020 the U.S. has recovered this market in the 4th quarter of 2020 and its accumulated growth is 28% in the same period.

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Industry Focus Table 3. U.S. Fastener Trade with the World (Unit: 1,000 USD)

2020-Q1

2020-Q2

2020-Q3

2020-Q4

2021-Q1

2021-Q2

US Import from the World

1,332,220

1,188,048

1,226,185

1,326,855

1,417,774

1,656,469

Change

----------

-11%

17%

US Export to the World

1,080,985

687,730

894,861

958,913

1,001,979

1,027,676

Change

----------

-36%

30%

Last Word ＞＞ U.S. fastener industry is facing several challenges as it deals with the impact of t he COV I D -19 pa ndem ic. However, it was able to cover it very fast. Table 3 shows the U.S. fastener trade with the world, in which the 3rd quarter of 2020 seems to be the time of returning to the track. The accumulated growth of imported fasteners was 24% and in the exported fastener sector this number was 8%.

(Unit: 1,000 USD) 0.3 0.2 0.1 0 -0.1

2020-Q1

2020-Q3 2020-Q2

2021-Q1 2020-Q4

2021-Q2

-0.2 -0.3 -0.4

US Import from the World

US Export to the World

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Industry Focus

Introduction to the

U.S. Fastener Industry

Data note: The data for this article is derived from the US Census trade statistics. US Census trade statistics analysis import and export on all modes of transportation. That value is calculated in USD by general CIF for imports and FOB for exports. Fasteners in this article are defined as any product under HS Code 7318 (screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter pins, washers and similar articles of iron or steel).

274

by Sabrina Rodriguez

The U.S. imports anywhere between 5 billion USD and 6 billion USD of foreign manufactured fastener products every single year. Despite global shortages on foreign goods due to COVID-19 in 2020 and the current supply chain disruptions in 2021, the U.S. still managed to source 5 billion USD from its foreign trading partners in 2020 (1.4 billion kilograms) and a total of 4.2 billion USD (1.1 billion kilograms) during the first 8 months of 2021. It’s a staggering amount of fastener goods that are being imported into the U.S. which leads one to believe the U.S. has an incredible dependency on not only it’s foreign trading partners but also on a fluid and organized supply chain. To truly understand the fastener industry within the U.S., let’s start by understanding the major manufacturers of goods that require fastener pieces and where these companies are located. What do the annual trade statistics of fasteners in the U.S. reveal about the market? Can we determine the trade flows of fasteners in and out of the U.S., including domestic trade of fasteners? When it comes to establishing supply chain relations, it’s evident to understand the locations the manufacturers set up operations, including distribution warehouses. The Midwest is home to most of the country’s largest manufacturing plants, many of which manufacture automobiles. Companies like Stelfast, ITW Brands and Lindstrom Metric import fasteners from foreign countries to use for manufacturing. Hubbell Electrical Products, Star Stainless Screw and American Bolt & Screw also import fasteners, although they are located within the eastern and western coasts of the country. The region around The Great Lakes is known for farming and manufacturing despite the younger generations of workers that were believed to be more inclined to other industries. The Midwestern region has traditionally been known to pay its workers high wages for their labor due to the lower cost of living. Companies are able to offer lifetime opportunities to its employees including benefits which in turn produce a loyal and devoted workforce. Companies have maintained their operations knowing the work ethics of the type of employees they will attract. States like Pennsylvania, Virginia and West Virginia are also known for the number of manufacturing plants; however, the industries in these states are primarily mining, steel and iron ore. Politically speaking, the different presidential administrations have always promised to maintain and increase manufacturing jobs within these region as they want to boost U.S. made products and U.S exports.

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Industry Focus Traditionally the U.S. has imported most fasteners from Taiwan. In 2021 alone 41% of the total quantity of U.S. fastener imports were imported from Taiwan, followed by China (26%) and Japan (7%). Fastener imports into the U.S. primarily enter the country via the Midwest region (Chicago, Illinois) and southern California (Los Angeles, California). While the U.S. district of entry for imported cargo may purely be for economical and strategic reasons, it could also reflect the geographical relativity of the imports. Several of the larger fastener companies are located on the west coast and the Midwest region of the U.S. which concludes why these two districts of entry show the highest volume of fastener imports year after year. Of these imports, the U.S. primarily imports fastener commodities within harmonized tariff 731815, followed by 731814 and 731816. These three subsets of 7318 have accounted for nearly 87% of the total fastener imports during the first 8-months of 2021.

On the other hand, the U.S. has shown to have a lack of expansion or development. The volume and value of fastener exports has remained stagnant since 2017 demonstrating an overall yearly value of around 4.3 billion USD and quantity of 780 million kilograms. In 2020 the total value dropped to 3.5 billion USD (722 million kilograms) and during the first 8-months of 2021 the total value is up to 2.7 billion USD (4.8 million kilograms). Foreign exports of U.S. fasteners are primarily destined to Mexico (28% in 2019) and Canada (59% in 2019). It’s no surprise that the primary district of loading for fasteners are Laredo, Texas and Detroit, Michigan both of which are extremely close to the borders with Canada and Mexico. Exports of fasteners are largely within harmonized tariff code 731815 and 731816. During the first 8-months of 2021, the U.S. has exported 54% of 731815 and only 7% of 731816. Of fastener exports, most of the exports being made in the U.S. are domestically as in amongst the different states in the country. In 2020, nearly 84% of all fastener exports in the U.S. was considered domestic trade, and only 15% was considered international trade.

U.S. Fastener Import Origins 2019-2020 Country of Origin

2019 General Total Value CIF (USD)

2020

General Quantity (kg)

General Total Value CIF (USD)

Volume Change

General Quantity (kg)

General Total Value CIF (USD)

% -6.86

General Quantity (kg)

Taiwan

2,017,113,212

34.53

647,320,640

39.50

1,878,810,525

37.04

611,967,110

41.03

-138,302,687

China

1,207,846,153

20.68

516,843,311

31.54

906,334,869

17.87

417,921,776

28.02

-301,511,284 -24.97

-98,921,535 -19.14

Japan

648,298,263

11.10

100,429,867

6.13

524,511,802

10.34

82,099,225

5.51

-123,786,461

-19.10

-18,330,642 -18.26

Germany

381,542,652

6.54

46,957,565

2.87

343,044,039

6.77

41,671,866

2.80

-38,498,613 -10.10

-5,285,699 -11.26

Canada

315,553,400

5.41

73,544,433

4.49

264,497,330

5.22

54,444,523

3.66

-51,056,070 -16.18

-19,099,910 -25.98

S. Korea

197,953,133

3.39

43,288,996

2.65

182,819,205

3.61

67,151,608

4.51

-15,133,928

-7.65

23,862,612

55.13

India

155,067,539

2.66

61,184,524

3.74

116,556,900

2.30

55,992,096

3.76

-38,510,639 -24.84

-5,192,428

-8.49

Italy

150,498,031

2.58

19,697,076

1.21

143,541,776

2.83

16,625,921

1.12

-6,956,255

Mexico

132,206,656

2.27

12,899,674

0.79

114,068,791

2.25

13,485,743

0.91

-18,137,865 -13.72

89,547,877

1.54

5,784,994

0.36

84,450,915

1.67

6,415,441

0.44

U.K. Total

5,841,885,221 100.00 1,638,796,650 100.00 5,073,308,249 100.00

Most recently there has been an overwhelming number of disruptions within the supply chain causing a more analytical and strategic approach to mitigating risk. In the next few months, supply chain analytics firms are predicting companies will be forced to make difficult decisions when it comes to logistics, procurement, and management of their supply chains. One of the more problematic logistics distributions occurring in the U.S. is the backlogs at the ports. Ocean vessels are being halted at the harbors of ports unable to dock at the terminals due to these backlogs. One of the hardest hit ports is Los Angeles, which we saw earlier is one of the major ports for fasteners imports into the U.S. This backlog is believed to be caused by a shortage of truck drivers as well as an increased demand in goods. The U.S. has traditionally been seen as a consumerist market, demanding high supplies of household goods, apparel, vehicles, food Fastener World no.191/2021

-4.63

-5.47

-3,071,155 -15.60 586,069

4.55

-5.70

630,447

10.90

-768,576,972 -13.16

-147,232,476

-8.99

-5,096,962

U.S. Fastener Import Origins in the First 8 Months of 2021 Country of Origin

01/01/2021 - 08/31/2021 General Total Value CIF (USD)

Taiwan

1,611,190,623

37.98

477,517,815

41.29

China

744,442,962

17.55

299,319,673

25.89

Japan

458,766,285

10.82

79,442,871

6.87

Germany

260,700,310

6.15

31,137,186

2.70

General Quantity (kg)

Canada

218,862,193

5.16

48,663,024

4.21

S, Korea

159,850,729

3.77

43,867,582

3.80

India

126,056,463

2.98

51,957,263

4.50

Italy

121,960,778

2.88

16,749,470

1.45

Mexico

90,763,936

2.14

11,290,729

0.98

Vietnam Total

276

1,491,564,174 100.00

-35,353,530

62,591,341

1.48

31,654,793

2.74

4,243,132,354

100.00

1,156,526,916

100.00

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Industry Focus U.S. Top Imported Fastener Items in 2021 2021 Product HS (6)

General Total Value CIF (USD)

731815 - threaded screws and bolts others, with or without their nuts or washers, of iron or steel

1,728,389,393

40.74

512,566,007

44.32

731814 - self-tapping screws, threaded, of iron or steel

884,622,902

20.85

300,240,927

25.97

731816 - nuts, threaded, of iron or steel

880,500,379

20.76

201,797,255

17.45

731829 - nonthreaded articles (fasteners) others, of iron or steel

260,211,617

6.14

29,610,613

2.57

731822 - washers, other than lock washers, of iron or steel

General Quantity (kg)

203,727,550

4.81

58,535,181

5.07

731819 - threaded articles of iron or steel others

78,507,589

1.86

11,465,121

1.00

731821 - spring washers and other lock washers, of iron or steel

52,542,809

1.24

5,846,399

0.51

731823 - rivets of iron or steel

51,709,042

1.22

8,497,997

0.74

731824 - cotters and cotter pins, of iron or steel

46,568,530

1.10

5,230,692

0.46

731812 - wood screws other than coach screws, threaded, of iron or steel

26,396,239

0.63

8,360,905

0.73

4,243,132,354

100.00

1,156,526,916

100.00

Total

U.S. Fastener Export Destinations 2019-2020 Country of Destination

2019 FOB Value (USD)

2020

Quantity (kg)

FOB Value (USD)

Volume Change

Quantity (kg)

FOB Value (USD)

Quantity (kg)

Mexico

1,528,570,326

34.77 218,810,790

28.27 1,216,036,841

33.57 167,065,567

23.12

-312,533,485 -20.45 -51,745,223 -23.65

Canada

1,142,383,822

25.99 456,623,732

59.00

939,556,124

25.94 473,885,439

65.56

-202,827,698 -17.76

2,954,955

30.50

183,175,516

4.17

9,689,066

1.26

183,080,439

5.06

12,644,021

1.75

U.K.

160,267,016

3.65

7,519,342

0.98

127,209,982

3.52

5,587,940

0.78

-33,057,034 -20.63

-1,931,402 -25.69

Germany

123,712,184

2.82

8,101,157

1.05

98,187,380

2.72

5,376,840

0.75

-25,524,804 -20.64

-2,724,317 -33.63

Brazil

109,464,772

2.49

10,875,768

1.41

90,407,063

2.50

9,125,876

1.27

-19,057,709 -17.41

-1,749,892 -16.09

Singapore

104,546,228

2.38

3,654,153

0.48

76,825,029

2.13

2,448,890

0.34

-27,721,199 -26.52

-1,205,263 -32.99

Japan

98,481,641

2.24

3,307,978

0.43

83,679,269

2.31

2,702,268

0.38

-14,802,372 -15.04

-605,710 -18.32

France

89,890,788

2.05

2,293,625

0.30

79,427,768

2.20

1,887,147

0.27

-10,463,020 -11.64

-406,478 -17.73

S. Korea

88,427,189

2.02

3,487,393

0.46

76,834,479

2.13

3,085,856

0.43

-11,592,710 -13.11

-401,537 -11.52

4,396,938,196 100.00 774,017,702 100.00 3,622,489,339 100.00 722,896,941 100.00

-774,448,857 -17.62

and most recently lumber and other materials required for the housing development market. As we are approaching the holidays, the demand for consumer goods increases as stores are required to stock up for the upcoming surge. This is a recurring situation faced in the supply chain during the holiday season; however, it’s become more apparent in the last two years due to the pandemic and all of the secondhand impacts of the pandemic. Un for t u n at ely supply ch a i n c ompl icat ion s do not discriminate based on the type of commodity that is being transported. W hile fasteners can be seen as prominent commodities needed in the completion of manufacturing automobiles, medical devices, and construction equipment, when there is a disruption in the supply chain it can lead to a shortage in fasteners which can end up increasing the cost on Fastener World no.191/2021

-51,120,761

-6.61

U.S. Fastener Export Destinations in the First 8 Months of 2021 Country of Destination

01/01/2021 - 08/31/2021 FOB Value (USD)

Quantity(kg)

Mexico

990,595,222

36.39

132,484,084

27.13

Canada China U. K.

718,443,793 152,665,379 73,535,645

26.39 5.61 2.71

292,957,031 11,662,201 4,746,510

59.99 2.39 0.98

S. Korea

62,736,038

2.31

1,975,587

0.41

Brazil

62,074,744

2.29

6,136,181

1.26

Germany

57,169,242

2.10

3,818,294

0.79

Singapore

56,601,607

2.08

1,687,896

0.35

Japan

44,882,010

1.65

1,511,801

0.31

Australia

44,687,596

1.65

2,242,112

0.46

2,722,429,851

100.00

488,344,944

100.00

Total

278

-0.06

3.79

China

Total

-95,077.

17,261,707

Industry Focus U.S. Top Exported Fastener Items in 2021 2021 Product HS (6) 731815 - threaded screws and bolts others, with or without their nuts or washers, of iron or steel

FOB Value (USD)

Quantity (kg)

1,295,349,706

47.59

266,491,028

54.58

731816 - nuts, threaded, of iron or steel

407,074,317

14.96

35,012,487

7.17

731829 - nonthreaded articles (fasteners) others, of iron or steel

291,305,668

10.71

25,984,724

5.33

731819 - threaded articles of iron or steel others

263,437,584

9.68

53,113,475

10.88

731822 - washers, other than lock washers, of iron or steel

160,329,292

5.89

20,591,088

4.22

731824 - cotters and cotter pins, of iron or steel

91,210,178

3.36

8,739,309

1.79

731814 - self-tapping screws, threaded, of iron or steel

86,383,122

3.18

65,831,593

13.49

731823 - rivets of iron or steel

60,443,018

2.23

5,650,102

1.16

731821 - spring washers and other lock washers, of iron or steel

41,058,749

1.51

2,546,938

0.53

731811 - coach screws, threaded, of iron or steel

10,943,506

0.41

2,002,779

0.42

2,722,429,851

100.00

488,344,944

100.00

Total

the end consumer. While this is not a simple solution and will continue to be a difficult sit uation to navigate, t here are objectives and strategies foreign companies can consider. Developing warehouses near these established U.S. importers of fasteners wit h enough supply will alleviate supply chain issues when it comes to transporting cargo overseas and facilitate surges of fastener dema nd. Consider ing how many companies are located in the general vicinity of the Midwestern region of the U.S. (Ohio, Michigan, Illinois), developing warehouses in this region as well as relationships with logistics providers to transport the goods are key to being a fastener distributor for these companies.

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5 45

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Industry Focus

Taiwan CSC mentioned in its Q4 report that carbon neutrality and carbon tax sought across the world will give rise to the age of high steel price. With positive indicators appearing over the global steel market, CSC predicts 2021 will be the best year of profit gain over the last 5 decades of CSC’s history, and expects higher profit gain in 2022 over the current year.

Taiwan CSC's Profit Could Mark 50-Year High Amid Short Global Steel Supply by Joyce Huang, Fastener World

400

According to IMF, the world's economic growth margin will increase from 4.4% to 4.9% this year; the United States’ GDP in the second quarter was up 6.5%. Besides, ECB has raised EU's GDP of 2021 to 4.6%. In Southeast Asia, the high transmission of Delta variant and slowpaced vaccination undermines the region’s economic growth. Furthermore, several factories in Malaysia, Thailand, Philippines and Vietnam either closed, stopped or reduced production and caused orders to be redirected to China and other countries. This, however, doesn’t impact a lot the supply chain of Asian countries, also dubbed the world's new factory. IMF forecasts China's economic growth margin this year will decrease 0.3% and end at 8.1% as a result of restraining the pandemic and cutting down on expenditure. Lastly, Taiwan’s export and investment grow well past expectation and make DGBAS (Taiwan) greatly raise the economic growth margin of 2021, which could very well be within 50 to 60 percent, the best record over the last 11 years. The expected GDP is 5.88% for 2021 and 3.69% for 2022.

Taiwan’s Steel Rod Import from 2019 to 2021

350 300 250 200 150 100 50

(Unit: 1,000 tons; source: Taiwan custom trade data)

0 108.1Q

109.1Q

Steel bar

Wire rod

110.1Q

Total

Taiwan Wire Rod Import Statistics from Jan. to July 2021 (Unit: Ton, Source: CSC) Country India

Low Carbon Medium High Carbon Alloy Steel Steel Carbon Steel Steel 135,541 98 1,762 20

Total 137,421

Vietnam

71,190

1,601

282

19,834

92,907

S. Korea

10,873

3,478

27,390

77,680

Japan

13,086

1,868

2,017

17,241

44,752

Russia

44,304

327

44,631

21,500

1,933

7,826

3,384

39,142

UAE

23,561

295

417

9,437

33,710

25,599

China Thailand

8,296

403

12,992

21,691

Indonesia

12,129

3,036

405

1,649

17,219

Other Countries

10,637

911

4,867

4,801

23,026

Total Total During Jan.Oct. 109 Change (%)

351,117

10,166

21,457

122,347

557,778

169,488

6,776

18,018

71,995

305,814

+107%

+50%

+19%

+70%

+82%

Steel Price on the Rise & High Demand for Steel That U.S. steel plants are under annual maintenance in the 4th quarter exacerbates the local shortage of supply and pushes steel price to a record high. China plans to reduce 6% steel production with its carbon reduction policies to reduce supply, suppress steel export and keep the steel for domestic use. On the other hand, shortage of steel supply permeates into Asia and across the world and therefore lifts steel price. Domestic steel demand in Japan and South Korea is strong and the price is stable. Domestic demand in India weakens and local steel makers opt for export, which lowers steel price. Besides Asia and emerging markets, the economy in various countries are gradually recovering. With new infrastructure coming up, we are seeing reappearance of growing steel demand. The global steel price is expected to turn stable in Q4 for the following additional factors: (1) Russia imposing export tariff, (2) China canceling export rebate on cold-rolled steel and looking to impose tax on export, (3) The 232 Tax Act on Europe’s export to the U.S. to be canceled in November.

In the second quarter, Taiwan imported 352 thousand tons of steel bars, up 12% quarterly and up 79% yearly, which shows a stable growth trend in steel bar import. Taiwan imports wire rods mostly from India which takes up 25% followed by Vietnam at 17%. Taiwan’s imported steel is mostly made of low carbon (taking up 63%) and alloy steel (22%).

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Industry Focus Semiconductor Shortage Impacts Sales in th U.S. and Europe U.S. new car registrations (Unit: 1,000 vehicles)

1,800 1,600 1,400 1,200 1,000 800 600 400 200

2020

r D ec em

r O

2019

ov em

ct ob e

be em pt

ug us t

Ju ly

Ju ne

ar ch M

ua ry br Fe

(Source: Autodata, U.S. Market Light Vehicle Deliveries)

0 Ja nu ar y

The United States’ new car sales in July were 1.29 million vehicles, up 5.3% over the same month last year. Europe's new car sales in July were 1.28 million vehicles, up 18.4% monthly and up 13.3% annually. According to Bloomberg, new car registrations in Europe in the first half of this year were almost 2 million vehicles less than the same period last year. The general consensus is that sales in the next half of the year will pace up, but there is uncertainty in the prospect for the American and European market sales due to semiconductor shortage and other barriers in the supply chain.

2021

U.S. new car registrations (Unit: 1,000 vehicles)(Source: Autodata, U.S. Market Light Vehicle Deliveries) January

February

November

December

2019

1,133

1,265

March

1,609

April

1,332

May

1,590

June

1,510

July

1,396

August

1,650

September

1,273

October

1,344

1,414

1,534

2020

1,144

1,373

990

711

1,112

1,111

1,227

1,320

1,352

1,362

1,215

1,617

2021

1,110

1,196

1,605

1,512

1,587

1,301

1,292

Opening Market in the U.S./Europe and Infrastructure Demand Drive Taiwan’s Fastener Export

Export Volume

ct ob

be r

us t

Ju ly

A ug

Se p

Taiwan's Fastener Export Price and Volume Change in Jan to July 2021 Product

A pr

nu ar

ua ry

Taiwan exported 971 thousand tons of fasteners in the first 7 months of 2021, up 19.87%. The average price grew 9.03%. The price of selftapping screws and bolts rose by 10%. As the pandemic slows down, the U.S. and Europe are opening up the market. Various countries are pushing for infrastructure, and among them is the U.S. as Taiwan’s top export destination. Taiwan exported USD 1.23 billion worth of fasteners in the first 7 months of 2021, up 17.89%. The average price was USD 2.97 per KG (up 9.59%), followed by Germany Taiwan's Fastener Export Volume (Ton) in Jan to July 2021 at USD 240 million (taking up 7.98% of export), and the 160,000 140,000 Netherlands at the 3rd place taking up 5.55%, UK at the 120,000 5th place taking up 3.68%. In terms of export proportion, 100,000 80,000 export to Japan in the first 7 months of 2021 decreased 60,000 4.3%, but for the U.S., the Netherlands, Germany and UK, 40,000 20,000 the export to these countries exhibited double digit growth. 0 Taiwan's export is expected to grow continuously with economy and trade recovering steadily, and increasing use of new technology and remote devices. Additionally, the COVID situation has been controlled quite well in Taiwan 2019 2020 2021 and domestic spending will have a chance of recovering slowly. Taiwan Fastener Products Export Volume from Jan. to July 2021 (Unit: Ton)

Unit Price

Export Destination

Export Volume

Export Proportion

Change

Wood Screws

+29.67%

+7.34%

U.S.A

438,459

45.13%

17.89%

Self-Tapping Screws

+19.80%

+10.00%

Germany

77,552

7.98%

15.20%

Bolts

+11.22%

+10.18%

The Netherlands

53,949

5.55%

45.03%

Nuts

+41.54%

+3.51%

Japan

38,748

3.98%

-4.30%

35,785

3.68%

51.86%

Taiwan's Fastener Export Volume (Ton)

2019

284

January

February

142,710

96,933

March

April

May

June

July

August

September

October

November

December

133,559

120,228

126,945

121,450

126,307

117,800

111,192

110,683

96,303

124,186

2020

114,503

97,397

129,678

94,130

99,555

101,548

113,752

115,161

104,089

115,778

107,671

122,941

2021

121,880

111,511

142,921

125,004

127,544

128,969

138,609

Fastener World no.191/2021

Industry Focus Taiwan's Fastener Products Unit Price from Jan. to July 2021 (Unit: TWD/Ton, Source: CSC Marketing Research)

2019

January

February

87,080

86,427

March

April

86,506

88,335

May

June

87,709

July

89,746

November

December

89,437

August

89,759

September

89,357

October

88,828

88,270

86,958

2020

86,490

84,446

84,240

85,899

83,091

82,550

83,010

82,705

85,337

82,871

83,724

83,906

2021

84,608

84,467

84,555

85,827

88,642

85,797

89,909

Trade Surge Under Pandemic Recurrence and Hindered Logistics

Many countries have seen recovery of local economic activities. Although supply and logistics have been impeded by the pandemic, the global trade volume is still expected to grow 9.7% in 2021 and 7% in 2022. Financial policies and new infrastructure acts in various countries will help boost demand and confidence of consumption. However, new emerging Export Unit Prices of Taiwan's Fastener Products from Jan. to July 2021 economies, especially Asia is impacted by the 92,000 pandemic and recovery is weakening. The 90,000 key to countries’ future economic growth 88,000 will be pandemic preventative measures, 86,000 the ability to acquire vaccines and the rate 84,000 of vaccination. The U.S. and Europe are boosting infrastructure, which drives global 82,000 economic growth and steel demand. China 80,000 (TWD/Ton) dishes out strict measures on steel production 78,000 and sales to achieve carbon neutrality, which will make even less global steel supply. In the advent of high steel demand, the steel market as a whole is expected to continue an uptrend. 2019 2020 2021

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Industry Focus

New Infrastructure Projects and the Effect on Indian Fastener Industry by Sharareh Shahidi Hamedani

Infrastructure & the Construction Industry and Its Effect on the Fastener Industry Increasing demand for construction projects and governmental spending on infrastructure activities will improve the fastener industry market. By a quick glance around us, in any project you will encounter thousands of parts that should be used to join each other. Therefore, any new project has the potential for bringing a lot of work for the fastener industry; moreover, such kinds of projects usually encompass small parts to heavy objects that should connect with each other; consequently, a wide range of fasteners (in 2mm to 40mm, made of materials from stainless steel to plastic fasteners) can be used in these projects. Take railway as an example: •

Each meter of railway track uses 15 different types of fasteners and,

•

About 200 different types of fasteners are used in each meter of railway bridge (based on Modern Steel Railway Bridges book.)

Fasteners which are used on station constructions, wagons, locomotives, and other facilities are not included in the above numbers. Or take airport as an example: •

286

Each square foot of airport uses 25-50 different types of fasteners.

Fastener World no.191/2021

Holistic Approach to India’s Infrastructure Projects in 2021 In India, increasing investment in infrastructure activities will expand the fastener market. According to IBEF1 organization statistics in India, the infrastructure sector is one of the key drivers for Indian fastener industry. This sector is propelling the overall development of Indian fastener industry. The infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development. In an overview, India is a developing country with political stability. In the fiscal year of 2021, infrastructure activities in India accounted for 13% of the total FDI inflow worth US$ 81.72 billion. In Union Budget 2021, Indian government has allocated US$ 32.02 billion to improve the transport infrastructure. The ‘National Infrastructure Pipeline (NIP)’ has been expanded to 7,400 projects in 2021. In 2021, 217 National infrastructure projects have been completed in India and the value of these projects is 15.09 billion USD. Through the NIP, Indian government invested US$ 1.4 trillion in infrastructure development as of July 2021, US$ 750 billion among which was for railway infrastructure. India and Japan have joined hand in hand for infrastructure development in India's northeastern states and are also setting up an India-Japan Coordination Forum for Development of Northeast to undertake strategic infrastructure projects for the region.

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Industry Focus A few of new infrastructure projects in India2 are listed as below:

India’s Fastener Trade Statistics

1. Sagarmala Project

The above investments could bring a brilliant future for Indian fastener industry.

The vision of the Sagarmala Programme is to reduce logistics cost for export and import and domestic trade with minimal infrastructure investment. As part of the Sagarmala Programme, more than 610 projects have been identified for implementation, during 2015-2035, across the areas of port modernization and new port development, port connectivity enhancement, port-linked industrialization, and coastal community development. As of 31 July, 2019, a total of 542 projects were under various stages of implementation, development, and completion.

By looking at the table below, it depicts the data of India’s imported fasteners. Now, if we eliminate the year 2020, due to the pandemic effect in the numbers, and compare the 2nd half year of 2019 with the 1st half year of 2021, the numbers have demonstrated the footprint of the infrastructure investments as below:

2. Bharatmala Project (34,800 km of Roads to be Constructed) Bharatmala Pariyojana is a new umbrella program for the highway sector that focuses on optimizing efficiency of freight and passenger movement across the country by bridging critical infrastructure gaps through effective interventions like development of Economic Corridors, Inter Corridors and Feeder Routes, National Corridor Efficiency Improvement, Border and International connectivity roads, Coastal and Port connectivity roads, and Green-field expressways.

•

The total quantity of imported fasteners from India’s 5 main partners shows a 5.4% growth.

•

The quantity of fasteners exported from Japan to India has been raised by 51.3% (the direct effect of their collaboration in Indian new infrastructure projects).

By considering the table below, in India’s exported fastener data, we will eliminate the numbers of 2020 as the same assumption above. By comparing the 2nd half year of 2019 with the 1st half year of 2021, the same as the imported sector numbers, the footprint of the infrastructure investments is demonstrated as below:

3. Mumbai Trans Harbour Link (21.8km Bridge) Accordingly, the Mumbai Metropolitan Region Development Authority (MMRDA) has undertaken the implementation of the Mumbai Trans Harbour Link Project, connecting Sewri on Mumbai side to Chirle on Navi Mumbai side. This important link having a length of about 21.8 km is being implemented considering the importance of connectivity between the island city and the mainland.

4. Arunachal Pradesh on Rail Map Naharlagun railway station is a railway station located in Papum Pare District of Arunachal Pradesh. It is about 15 kilometres (9.3 miles) to the state capital Itanagar. Projects about to be completed include the first rail connectivity projects in Meghalaya and Arunachal Pradesh, along with crucial gauge conversion between Rangpara and North Lakhimpur, which would connect Arunachal Pradesh to the rest of the country.

•

The total quantity of fasteners exported from India to its 5 main partners shows a growth of about 17.7%.

•

The quantity of fasteners U.S imported from India has expanded by 47.6% and the number to the UK has also expanded by 18.4%.

•

The quantity of fasteners the Netherlands imported from India has dropped by 17.7% and the number to UAE has declined by about 19.6%.

To put it in a nutshell, India’s national projects make a heaven for the fastener industry of the country in the future.

India's Fastener Import Sources

2019-Q3

2019-Q4

2020-Q1

2020-Q2

2020-Q3

2020-Q4

2021-Q1

2021-Q2

China

23,580,905

24,764,039

24,031,538

18,202,683

12,106,857

18,339,245

24,681,548

23,286,441

S. Korea

4,921,978

4,606,728

5,506,363

1,223,257

4,117,438

8,410,838

5,838,468

5,172,769

Germany

2,501

2,226

2,483

962

1,750

2,643

3,266

2,750

2,490,971

1,903,497

2,764,658

1,244,577

1,190,047

2,960,851

3,290,435

3,356,550

Japan USA

668,581

562,528

755,557

482,489

394,637

461,327

642,802

640,305

Total

31,664,936

31,839,018

33,060,599

21,153,968

17,810,729

30,174,904

34,456,519

32,458,815

Note: Numbers are in Kg.

India's Fastener Export Destinations

2019-Q3

2019-Q4

2020-Q1

2020-Q2

2020-Q3

2020-Q4

2021-Q1

2021-Q2

USA

13,109,529

13,294,233

15,862,547

9,846,536

14,280,950

16,002,063

18,943,062

20,023,422

Germany Netherlands

7,886

7,679

9,078

5,175

7,273

7,669

7,999

7,675

4,641,129

4,232,334

3,801,148

4,107,877

2,716,799

3,427,030

3,355,494

4,142,406

5,897,707

5,988,647

6,653,831

2,624,975

4,093,549

5,030,477

7,476,981

6,595,982

UAE

6,961,741

6,535,430

6,420,220

7,062,030

8,007,907

4,732,208

5,034,594

5,812,475

Total

30,617,992

30,058,323

32,746,824

23,646,593

29,106,478

29,199,447

34,818,130

36,581,960

1. https://www.ibef.org/industry/infrastructure-sector-india.aspx 2. https://www.seminarsonly.com/tech/upcoming-projects-in-india-2019.php

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Note: Numbers are in Kg.

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Technical cooperation with USA and Japan

and

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Company Focus www.sacmagroup.com traditionally by a line of connected machines. This ALLIN-ONE high productivity process allows to quickly return the customers investment. These legendary long life SACMA machines guarantees future profits thanks to the following concept:

ALL IN ONE: KSP12-R Sacma World Premiere: New Double Blow Header model KSP12-R with threading unit. Sacma Group is well known for the designing and manufacturing of Combined Headers which are able to produce fasteners from M4 to M24. These Combined Headers can produce finished parts like fasteners and screws for the automotive industry, starting from the wire and are the best solution for high productivity requirements, consolidation of production methods, floor space utilization and work flow in the fasteners manufacturing process by having the forming, pointing and thread rolling all in one machine. To complete its whole range, Sacma is introducing the new combined header model KSP12-R to run fasteners that range from M3 to M8 with a maximum shaft length of 60 mm. The machine is a double blow header with an integrated threading station, representing the new generation of the worldwide known KSP11-R. Sacma is re-introducing in the product line the 1D2B combined header to face an increasing request of small and self-tapping screws widely used in different industry fields. The KSP12-R combines typical SACMA solutions, proven by thousands of machines, with the most advanced mechatronic technology available in the market. The one-piece main frame, perlitic cast iron, normalized, natural aged for at least 12 months, high precision machined, is a guarantee of rigidity and stability for all machine life. Major set-up adjustments are now motorized for a quick and friendly changeover: S-feed wire feeder driven by a torque motor, motorized wire stock gauge and DKO, threading starter driven by torque motor with self-learning function. The quality management is facilitated by two gates interfaced with the load monitoring system and discharging of NC parts, after the header and after the roller. An optional sophisticated load control system protects the machine against overloads and monitors t he for m i ng a nd rolli ng processes. Scraps separators i n di fferent sizes a re available when producing self-tapping screws. All these features make the KSP12-R the best value for the Customer’s investment, especially when running parts

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VS production floor / sqm: the relation between the floor utilized by a 1D2B combined header against a line of connected machines (1D2B header + conveyor + roller) is normally 1 to 3. VS production floor / ppm: consequently, more parts produced per area make the overall plant more profitable and efficient. VS manpower: one combined header requires one operator. More often one operator manages two or three small combined headers. In case of separate machines, only one operator is not enough to attend this many lines. VS maintenance: more machines mean more maintenance. The Combined machine is only one machine that does two operations, therefore less maintenance is required. VS changeover time: the total time to set up two different machines, with related feeding systems, is higher than the one of combined machine. VS eco-friendly: having a Combined machine, with the header and threader enclosed in one soundproof enclosure, allows all of your coolant and oils to be recycled safely and controlled in one sealed area: no oil leakage, less pollution, clean and safe working place . VS start up time: all Sacma machines are recognized as “quick plug in” equipment. The KSP12-R is ready just a few hours after the installation, and is quickly ready to start production. The advantage remains when necessary to update the factory layout. Only one machine needs to be fixed to the floor, and connected to the air plant and the power supply. VS energy consumption: only one motor for two operations is more efficient than several motors. Combined headers consume less than two machines and the power monitoring becomes more simple and more convenient. VS Tool life: the forged parts still warm and oiled are placed in the roller. Thanks to this, the flat dies last a lot longer, reducing the running costs and increasing the production efficiency. The orders for this innovation have already started and the first machines will be delivered within 2021!

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聯信檢測股份有限公司法絲博德貿易(上海)有限公司

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2022

BUYERS' GUIDE Fastener World Magazine Suppliers Directory >>

螺絲世界 — 全球採購供應商名錄 Fasteners and Tools .................................... p344~390 Machinery, Tooling and Others ..... p391~401 Fastener World no.191/2021

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BUYERS' GUIDE 2022

Suppliers Directory

“Grasp all best suppliers into your pocket at once” 3 With the continuous rise in corporate operating costs these days, how to find out a purchasing source that is the most labor and time saving has been a priority for every “smart” purchaser to do. Don’t waste your time again on doing aimless Google search and finding out nothing that suits your needs! In the BUYERS’GUIDE of Nov. this year, we have made our effort as possible as we can to include the most reliable and well-known suppliers from the field of finished/semi-finished fasteners, wire coils/rods, raw materials, molds & dies, processing machines, secondary processing equipment and peripheral logistics service, which have been well-known for their technology, quality, and service for years, making each of your purchase the fastest and most efficient one.

Scan and View

More ergonomic layouts of the supplier directory to make your search quicker and simpler. Just scan any QR Code of a certain supplier that interests you with your smart phone, you are able to view the detailed suppliers’ profiles including contact info, products & service, certification & and patents immediately.

Not enough yet? Try our most unobstructed purchasing approach Fastener World Global Sourcing Network https://www.fastener-world.com/keyword.php

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Fastener World no.191/2021

p237

Scan us!

310EXPRESS COMPANY

DIV. OF SAIMA JAPAN

p172 A & M PRODUCTS CO., LTD. 奕瑞興業有限公司

p434 ABC FASTENERS CO., LTD. 寧波聯欣標準件有限公司

Scan us! ADOLF WüRTH GMBH & CO. KG TAIWAN BRANCH

ABIS INNOVATIVE TECHNOLOGY CO., LTD.

德商阿道夫伍爾特有限公司台灣分公司

Fasteners and Tools

亞比斯創新科技股份有限公司

BUYERS' GUIDE

p331

p62

AEH FASTEN INDUSTRIES CO., LTD.

AIMREACH ENTERPRISES CO., LTD.

鉞昌五金有限公司

ALLOY & STAINLESS FASTENERS, INC.

盛融企業有限公司

p429 A. JATE STEEL CO., LTD. 正楓企業有限公司

ALISHAN INTERNATIONAL GROUP CO., LTD.

p148 奧立康國際股份有限公司

Fastener World no.191/2021

345

ALEX SCREW INDUSTRIAL CO., LTD.

禾億五金有限公司

Scan us! p84 AMBROVIT S.P.A

Fasteners and Tools

BUYERS' GUIDE

p31

p132

AMPLE LONG INDUSTRY CO., LTD.

寬長工業有限公司

p67 APEX FASTENER INTERNATIONAL CO., LTD. 嵿峰科技股份有限公司

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Fastener World no.191/2021

p143 ARK FASTECH CORP. 方舟扣件科技有限公司

p456

ANCHOR FASTENERS INDUSTRIAL CO., LTD.

Fasteners and Tools

安拓實業股份有限公司

BUYERS' GUIDE

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p90 ARUN CO., LTD. 鉅耕有限公司

AT-HOME ENTERPRISE CO., LTD. 安鈜企業有限公司

p256

A-STAINLESS INTERNATIONAL CO., LTD. 淳康國際有限公司

ATLAS DISTRIBUTION SERVICES LTD. 鷹世服股份有限公司

Fastener World no.191/2021

347

p174 A-PLUS SCREWS INC.

Fasteners and Tools

BUYERS' GUIDE

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p418

AVIOUS ENTERPRISE CO., LTD.

艾伯斯實業有限公司

p80

AUTOLINK INTERNATIONAL CO., LTD.

浤爵國際有限公司

348

Fastener World no.191/2021

p88

BCR INC. 必鋮股份有限公司

BESTWELL INTERNATIONAL CORP.

p36 BI-MIRTH CORP. 吉瞬興業股份有限公司

Fasteners and Tools

凱壹實業股份有限公司

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BUYERS' GUIDE

p101

p271

BOSS PRECISION WORKS CO., LTD. 伯獅精工股份有限公司

p182 BESTAI ENTERPRISE CO., LTD. 天裕峰實業有限公司

p419

CANATEX INDUSTRIAL CO., LTD. 保力德股份有限公司

Fastener World no.191/2021

349

BOLTUN CORPORATION 恒耀工業股份有限公司

Scan us! BÜLTE GMBH

Fasteners and Tools

BUYERS' GUIDE

p221

CEDAR HOUSE CO., LTD. 奕柏股份有限公司

p404

CELEBRITE FASTENERS CO., LTD. 曜維貿易有限公司

p165 CHAN HSIUNG FACTORY CO., LTD. 全雄工廠股份有限公司

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Fastener World no.191/2021

CHAN LIANG ENTERPRISE CO., LTD. 銓良企業股份有限公司

CHENG HENG INDUSTRIAL CO., LTD.

p204 CHANG BING ENTERPRISE CO., LTD. 彰濱企業有限公司

Fasteners and Tools

成亨工業股份有限公司

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BUYERS' GUIDE

p285

p153

CHANG YI BOLT CO., LTD. 長益螺絲股份有限公司

p425

CHIA SING SCREW INDUSTRIAL CO., LTD. 佳興螺絲工業股份有限公司

CHI HUNG RIVETS WORKS CO., LTD. 吉宏鉚釘工業股份有限公司

p35 CHIAN YUNG CORPORATION 將運螺絲工業有限公司

Fastener World no.191/2021

351

CHIAO CHANG PNEUMATIC TOOL CORP. 喬章實業股份有限公司

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p412

CHIH FU MECHANICS CO., LTD.

智富機械有限公司

Fasteners and Tools

BUYERS' GUIDE

p145

p213 CLC INDUSTRIAL CO., LTD. 聖泰工業股份有限公司

CHINA PNEUMATIC CORPORATION 中國氣動工業股份有限公司

352

Fastener World no.191/2021

CHIN TAI SING PRECISION MANUFACTORY 金泰興精密緊固有限公司

p128 CHIREK FASTENER CORPORATION 錡瑞實業有限公司

p52 CHONG CHENG FASTENER CORP.

Fasteners and Tools

宗鉦企業股份有限公司

BUYERS' GUIDE

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p121

CHU WU INDUSTRIAL CO., LTD.

雷堤實業有限公司

p173 COPA FLANGE FASTENERS CORP. 國鵬工業股份有限公司

p108 CHUN YU WORKS & CO., LTD. 春雨工廠股份有限公司

p87

CPC FASTENERS INTERNATIONAL CO., LTD. 冠誠國際股份有限公司

Fastener World no.191/2021

353

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CHIN LIH HSING PRECISION ENTERPRISE CO., LTD. 金利興精密企業有限公司

p21 DA YANG ENTERPRISE CO., LTD. 大楊實業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p86

p249

DAH SHAN PLASTICS CO., LTD. 大山塑膠股份有限公司

p139

DE HUI SCREW INDUSTRY CO., LTD. 德慧螺絲工業股份有限公司

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p110

DAR YU ENTERPRISE CO., LTD. 達宇股份有限公司

DE XIN METAL CO., LTD. 得鑫五金股份有限公司

DELTEKS INDUSTRIES INC.

DICHA FASTENERS MFG. 集財實業有限公司

Fasteners and Tools

見承企業有限公司

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BUYERS' GUIDE

p413

Cover Page DIING SEN FASTENERS INDUSTRIAL CO., LTD. 鼎昇企業股份有限公司

p28

DIN LING CORP. 登琳實業股份有限公司

p130 DRAGON IRON FACTORY CO., LTD. 龍昌螺絲工廠股份有限公司

Fastener World no.191/2021

355

Scan us!

DUNFA INTERNATIONAL CO., LTD. 敦發國際貿易股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p116

p103

p135

E CHAIN INDUSTRIAL CO., LTD

E.U.R.O.TEC GMBH

p22 DRA-GOON FASTENERS INC. 丞曜實業有限公司

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Fastener World no.191/2021

毅程工業股份有限公司

p217

E.FULL ENTERPRISE CO., LTD. 鐿富企業有限公司

EASON TECH

p157 INDUSTRIAL CO., LTD.

鈺森科技工業股份有限公司

EASYLINK INDUSTRIAL CO., LTD.

p277

EVEN LONG INTERNATIONAL CO., LTD. 連長國際有限公司

Fasteners and Tools

易連工業股份有限公司

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BUYERS' GUIDE

p150

p265

EVEREON INDUSTRIES, INC. 永德興股份有限公司

p82 FAITHFUL ENGINEERING PRODUCTS CO., LTD. 誠毅股份有限公司

p420

EVER-TOP HARDWARE CORP. 祥頂實業股份有限公司

p56

FALCON FASTENER CO., LTD. 鉮達國際股份有限公司

Fastener World no.191/2021

357

FAREAST METAL INTERNATIONAL CO., LTD. 億萬年貿易股份有限公司

p58 FASTENER JAMHER TAIWAN INC. 占賀五金股份有限公司

Fasteners and Tools

BUYERS' GUIDE

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p2 FANG SHENG SCREW CO., LTD. 芳生螺絲股份有限公司

p45

FASTNET CORP. 俊鉞股份有限公司

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p124 FILROX INDUSTRIAL CO., LTD. 惠錄工業股份有限公司

FONG PREAN INDUSTRIAL CO., LTD.

p223

FONG WUNS CO., LTD. 鋒汶股份有限公司

Fasteners and Tools

豐鵬工業股份有限公司

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BUYERS' GUIDE

p89

p138

FONG YIEN INDUSTRIAL CO., LTD. 宏盈工業有限公司

p99

FU KAI FASTENER ENTERPRISE CO., LTD. 福凱螺絲企業有限公司

p54

FORTUNE BRIGHT INDUSTRIAL CO., LTD. 鋒沐股份有限公司

p427

GELA & COMPANY 蕙寶實業股份有限公司

Fastener World no.191/2021

359

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FU HUI SCREW INDUSTRY CO., LTD. 福輝螺絲工廠股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p78

p273

GINFA WORLD CO., LTD. 濟音發股份有限公司

p140

GOFAST CO., LTD. 喬邁企業股份有限公司

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p118

FUSHANG CO., LTD. 甫商有限公司

GUANG ZHE ENTERPRISE CO., LTD.

p111 HAO CHENG PLASTIC CO., LTD. 皓正股份有限公司

Fasteners and Tools

光柘企業有限公司

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BUYERS' GUIDE

p129

HAO MOU NUTS MFG. CO., LTD. 豪茂螺帽工廠股份有限公司

p342

HARVILLE FASTENERS LTD. 豪威爾螺絲工業有限公司

p176 HEADER PLAN CO. INC.

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361

p407 HISENER INDUSTRIAL CO., LTD.

HAUR FUNG ENTERPRISE CO., LTD.

海寧市海迅貿易有限公司

豪舫企業有限公司

Fasteners and Tools

BUYERS' GUIDE

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p131

p244

p188

HOLD RICH INTERNATIONAL CO., LTD.

HOPLITE INDUSTRY CO., LTD.

鋐騏企業有限公司

合利國際股份有限公司

HONG YING FASTENERS ENTERPRISE CO., LTD. 虹瑩螺絲企業有限公司

362

p106 p437

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HO HONG SCREWS CO., LTD. 合鋒螺絲廠有限公司

HOMN REEN ENTERPRISE CO., LTD.

p269

宏穎企業股份有限公司

HOSHENG PRECISION HARDWARE CO., LTD.

p416

HSIEN SUN INDUSTRY CO., LTD.

憲順工業有限公司

Fasteners and Tools

和昇工業社

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BUYERS' GUIDE

p96

p405

HSIN CHANG HARDWARE INDUSTRIAL CORP. 欣彰工業股份有限公司

p171

HSIN HO MFG. CO., LTD. 興和實業股份有限公司

p209 HSIN HO MEI PLASTIC CO., LTD. 鑫合美塑膠有限公司

p98 HSIN HUNG MACHINERY CORP. 欣翃股份有限公司

Fastener World no.191/2021

363

HSIN JUI HARDWARE ENTERPRISE CO., LTD. 欣瑞五金企業有限公司

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p154 HSIN YU SCREW ENTERPRISE CO., LTD. 新雨工業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p55

p44

HU PAO INDUSTRIES CO., LTD. 如保興業股份有限公司

p146

HWA HSING SCREW INDUSTRY CO., LTD. 華興工業股份有限公司

364

Fastener World no.191/2021

p169 HUANG JING INDUSTRIAL CO., LTD. 皇晉工業有限公司

p257 HWAGUO INDUSTRIAL FASTENERS CO., LTD. 華國五金有限公司

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p440

HWALLY PRODUCTS CO., LTD.

HWEI NEN CO., LTD.

樺麟企業有限公司

Fasteners and Tools

輝能工業股份有限公司

BUYERS' GUIDE

p141

p178

p91

INMETCH INDUSTRIAL CO., LTD.

INNTECH INTERNATIONAL CO., LTD.

恆鉅國際股份有限公司

p406

J. T. FASTENERS SUPPLY CO., LTD.

金祐昇實業有限公司

建豪國際股份有限公司

p204 JA DEN ENTERPRISE CORP., LTD.

p421

JENG YUH CO., LTD. 政毓股份有限公司

Fastener World no.191/2021

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Scan us!

J.C. GRAND CORPORATION

俊良貿易股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p10

p66

JAU YEOU INDUSTRY CO., LTD.

朝友工業股份有限公司

p426

JGB INDUSTRIAL INC.

金城工業有限公司

366

Fastener World no.191/2021

p27

JET FAST COMPANY LIMITED 捷禾企業有限公司

p215

JI LI DENG FASTENERS CO., LTD. 吉立登實業有限公司

p93 JIN SHIN CHYUAN INDUSTRY CO., LTD.

JIEN KUEN ENTERPRISE CO., LTD.

金欣全精密工業股份有限公司

Fasteners and Tools

健坤企業股份有限公司

BUYERS' GUIDE

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p163

p49

JIN TA TRADING CO., LTD. 金達貿易有限公司

p415

p234

JIN SHING STAINLESS IND. CO., LTD.

JIN-YINGS ENTERPRISE CO., LTD.

竣鑫工業股份有限公司

晉營實業股份有限公司

p250 JINGFONG INDUSTRY CO., LTD. 璟鋒工業股份有限公司

p29 JOKER INDUSTRIAL CO., LTD. 久可工業股份有限公司

Fastener World no.191/2021

367

KAN GOOD ENTERPRISE CO., LTD. 鋼固企業股份有限公司

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p233

KAO WAN BOLT INDUSTRIAL CO., LTD. 高旺螺絲工業有限公司

Fasteners and Tools

BUYERS' GUIDE

p281

p137

KATSUHANA FASTENERS CORP. 濱井企業股份有限公司

p422

KEY-USE INDUSTRIAL WORKS CO., LTD. 凱雍工業股份有限公司

368

Fastener World no.191/2021

p410 EGYPT BOLT FOR METAL INDUSTRIES

p92

KING CENTURY GROUP CO., LTD. 慶宇國際貿易有限公司

KING HO CHANG CO., LTD.

p267 KINGFUDA PRECISION CO., LTD. 星富達企業有限公司

Fasteners and Tools

金禾昌有限公司

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BUYERS' GUIDE

p167

p411 p179

KLIMAS

KO YING HARDWARE INDUSTRY CO., LTD. 柯穎五金企業有限公司

p76

KWANTEX RESEARCH INC. 寬仕工業股份有限公司

Fastener World no.191/2021

369

Scan us!

p123

KUO TEAM PRECISION CO., LTD.

LIN YU ENTERPRISE CO., LTD.

LOYAL & BIRCH CO., LTD.

郭豪精密科技有限公司

林裕工廠股份有限公司

龍業百起股份有限公司

p436

Fasteners and Tools

BUYERS' GUIDE

p241

p126 L & W FASTENERS COMPANY 金大鼎企業有限公司

p151

LINK-PRO TECH CO., LTD. 超傑實業有限公司

370

Fastener World no.191/2021

p156

LIAN CHUAN SHING INTERNATIONAL CO., LTD. 連全興國際有限公司

p20

LOCKSURE INC. 今湛企業股份有限公司

p458 LINKWELL INDUSTRY CO., LTD.

Fasteners and Tools

順承企業股份有限公司

BUYERS' GUIDE

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p57

LONG THREAD FASTENERS CORP. 長隆順股份有限公司

p430

MAO CHUAN INDUSTRIAL CO., LTD. 貿詮實業有限公司

p97 MAC PRECISION HARDWARE CO. 鑫瑞精密工業有限公司

p59 MASTER UNITED CORP. 永傑實業有限公司

Fastener World no.191/2021

371

MACRO FASTENERS CORP. 宏觀實業有限公司

Scan us! p158

MASTERPIECE HARDWARE INDUSTRIAL CO., LTD. 金全益股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p170

p18

MIN HWEI ENTERPRISE CO., LTD. 明徽企業股份有限公司

p444

MAXTOOL INDUSTRIAL CO., LTD. 系格工業股份有限公司

372

Fastener World no.191/2021

p258

MAUDLE INDUSTRIAL CO., LTD. 茂異實業股份有限公司

MING CHENG PRECISION CO., LTD.

冠鑫貿易股份有限公司

Fasteners and Tools

銘承精密工業股份有限公司

p239

MOLS CORPORATION

BUYERS' GUIDE

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p161

MOUNTFASCO INC. 崎鈺企業股份有限公司

p114

NCG TOOLS INDUSTRY CO., LTD. 昶彰工業股份有限公司

p40

MODERN ALLOY PLATING CO., LTD. 頂吉興科技股份有限公司

Fastener World no.191/2021

373

p112

p50

NOVA. FASTENER CO., LTD.

ND INDUSTRIES ASIA INC.

鑫星有限公司

穩得工業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

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p280

PENGTEH INDUSTRIAL CO., LTD.

橙品工業股份有限公司

彭特企業有限公司

POL SHIN ENT. CO., LTD. 寶薰股份有限公司

374

p51

ORANGE FASTENERS

Fastener World no.191/2021

PREMIUM PRODUCTS, INC.

PRO-PATH INDUSTRIAL COMPANY, LTD. 上展國際實業有限公司

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p83

PRO-VISA (LIN) INT'L CORP.

PPG INDUSTRIES INTERNATIONAL INC. TAIWAN BRANCH

佾鼎企業股份有限公司

Fasteners and Tools

美商必丕志國際股份有限公司台灣分公司

BUYERS' GUIDE

p142

p144

QST INTERNATIONAL CORP. 恒耀國際股份有限公司

p122

Q-NUTS INDUSTRIAL CORP. 友俊工業股份有限公司

p289

STEEL STONE CO., LTD.

岡岩有限公司

p125 PS FASTENERS PTE LTD. 汎昇螺絲有限公司

Fastener World no.191/2021

375

p259 PRO POWER CO., LTD. 鉑川有限公司

Fasteners and Tools

BUYERS' GUIDE

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p134

RAY FU ENTERPRISE CO., LTD. 瑞滬企業股份有限公司

p162

RONG CHANG METAL CO., LTD. 榮釧企業股份有限公司

376

Fastener World no.191/2021

p287

REXSON FASTENERS INC. 睿驊工業有限公司

REXLEN CORP. 連宜股份有限公司

p207

p192

SCREW KING CO., LTD.

RODEX FASTENERS CORP.

進旌工業股份有限公司

Fasteners and Tools

華祺工業股份有限公司

BUYERS' GUIDE

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SAN SHING FASTECH CORP. 三星科技股份有限公司

p424

SANHWNG ENTERPRISE CO., LTD.

ON-SPRING INDUSTRIAL CO., LTD.

杉晃企業股份有限公司

彩羽企業有限公司

p107

p247

SCREWTECH INDUSTRY CO., LTD. 銳禾工業有限公司

Fastener World no.191/2021

377

p451

STARBEST ENTERPRISE CO., LTD.

SEN CHANG INDUSTRIAL CO., LTD.

展洋企業有限公司

昇錩實業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

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p166

p30

p196

SUN CHEN FASTENERS INC.

SPECIAL FASTENERS ENGINEERING CO., LTD.

展鴻鑫股份有限公司

托福實業股份有限公司

SHEN CHOU FASTENERS INDUSTRIAL CO., LTD. 神洲螺絲工業有限公司

378

Fastener World no.191/2021

p136

SHYANG SHENG PRECISE INDUSTRY CO., LTD. 翔笙精密工業有限公司

p235

SOON PORT INTERNATIONAL CO., LTD.

p211

鴻錡興業股份有限公司

SHEH FUNG SCREWS CO., LTD.

p168

SHIN CHUN ENTERPRISE CO., LTD. 昕群企業股份有限公司

Fasteners and Tools

世豐螺絲股份有限公司

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BUYERS' GUIDE

p224

p226

SHEH KAI PRECISION CO., LTD. 世鎧精密股份有限公司

p414 SHUENN CHANG FA ENTERPRISE CO., LTD. 舜倡發企業股份有限公司

p32

SHIH HSANG YWA INDUSTRIAL CO., LTD.

新倡發工業股份有限公司

Fastener World no.191/2021

379

SHUN DEN IRON WORKS CO., LTD. 順典鐵工廠股份有限公司

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p229

SIN HONG HARDWARE PTE. LTD 新豐五金有限公司

Fasteners and Tools

BUYERS' GUIDE

p149

p432

SHANGHAI FAST-FIX RIVET CORP.

上海飛可斯鉚釘有限公司

p402

HAN HSIN PRECISION INDUSTRIAL CO., LTD. 漢欣精機工業有限公司

380

Fastener World no.191/2021

p48

SUNCO INDUSTRIES CO., LTD.

p24 SPEC PRODUCTS CORP.

Fasteners and Tools

友鋮股份有限公司

BUYERS' GUIDE

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p12

SPECIAL RIVETS CORP. 恆昭企業股份有限公司

p63 SUPER DPD CO., LTD. 三御股份有限公司

p292 SUPER NUT INDUSTRIAL CO., LTD. 傑螺工業股份有限公司

Fastener World no.191/2021

381

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SUPER CHENG INDUSTRIAL CO., LTD. 世暘工廠產業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p104

SUPERIOR QUALITY FASTENER CO., LTD.

SANSOAR ENGINEERING SALES, INC.

鑫程椿股份有限公司

上碩國際企業有限公司

p423

TAIWAN LEE RUBBER CO., LTD.

台力橡膠股份有限公司

382

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p246

SUZHOU RIVMATE IMPORT & EXPORT CO., LTD.

p275 蘇州瑞美特進出口有限公司

p231

TAIWAN NYLON WASHER CO., LTD. 東佑典實業股份有限公司(三芳)

p42 TAIWAN SELF-LOCKING GROUP

Fasteners and Tools

台灣耐落螺絲工業股份有限公司

TSLG 耐落集團

p205

TAIWAN PRECISION FASTENER CO., LTD.

BUYERS' GUIDE

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p155

TANG AN ENTERPRISE CO., LTD. 鏜安企業有限公司

p34

TEMBO GLOBAL INDUSTRIES LTD.

THREAD INDUSTRIAL CO., LTD. 英德工業股份有限公司

Fastener World no.191/2021

383

TICHO INDUSTRIES CO., LTD. 帝潮實業有限公司

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p428

TINA FASTENER CO., LTD.

金榮達螺絲扣件有限公司

Fasteners and Tools

BUYERS' GUIDE

p438

TONE DAR SEEN ENTERPRISE CO., LTD. 通達興企業有限公司

p439 TONG HO SHING INTERNATIONAL CO., LTD. 桐和興實業有限公司

384

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p16

TONG HWEI ENTERPRISE CO., LTD.

東徽企業股份有限公司

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p46

TONG HEER FASTENERS (THAILAND) CO., LTD.

TONG HEER FASTENERS CO., SDN. BHD

東和工業股份有限公司 (泰國廠)

Fasteners and Tools

東和工業股份有限公司 (馬來西亞廠)

BUYERS' GUIDE

p46

p47

p417

TONG MING ENTERPRISE CO., LTD.

TSAE FARN SCREWS HARDWARE CO., LTD.

浙江東明不銹鋼製品股份有限公司

采凡螺絲五金有限公司

TRINITY STEEL PRIVATE LIMITED

TSUNG YANG INTERNATIONAL CO., LTD. 宗揚國際有限公司

p200

p120

TYCOONS GROUP ENTERPRISE CO., LTD. 聚亨企業股份有限公司

Fastener World no.191/2021

385

TSENG WIN

成盈貿易股份有限公司

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p183 UNISTRONG INDUSTRIAL CO., LTD. 六曜實業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p23

VAJRA POWER INDUSTRIES, INC. 金和鋼工業股份有限公司

p210 WEI IN ENTERPRISE CO., LTD. 瑋瑩實業有限公司

386

Fastener World no.191/2021

p261 VERTEX PRECISION INDUSTRIAL CORP. 緯紘精密工業股份有限公司

p60 WE POWER INDUSTRY CO., LTD. 威力寶貿易股份有限公司

p160

WAYNETEL INDUSTRIAL CO., LTD.

WEI ZAI INDUSTRY CO., LTD.

華特企業股份有限公司

Fasteners and Tools

葦在螺帽有限公司

BUYERS' GUIDE

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p279

WATTSON FASTENER GROUP INC. 華盛螺絲股份有限公司

p403 WELLFLY ENTERPRISE CO., LTD. 瑋展企業股份有限公司

p283 WIN POWMAX CORP. (WELIH TOOLS)

優力克實業股份有限公司

p448

WILLIAM SPECIALTY INDUSTRY CO., LTD. 威廉特企業股份有限公司

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387

p133

p263

WINRIDE INTERNATIONAL CO., LTD.

WINLINK FASTENERS CO., LTD.

英茂國際股份有限公司

岡山東穎開發股份有限公司

Fasteners and Tools

BUYERS' GUIDE

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p14

WYSER INTERNATIONAL CORP. 緯聯股份有限公司

p409

WIZTECH FASTENER LTD. 創惠興業有限公司

388

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p94

YI HUNG WASHER CO., LTD. 益弘華司有限公司

p187

WISEMETAL ENTERPRISE CO., LTD. 恆信金屬企業有限公司

p95

YOUR CHOICE FASTENERS & TOOLS CO., LTD.

裕潤五金有限公司

Fasteners and Tools

太子螺絲股份有限公司

p203

YU RUEN HARDWARE CO., LTD.

BUYERS' GUIDE

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p38 YI CHUN ENTERPRISE CO., LTD. 誼峻實業有限公司

p102

YUH CHYANG HARDWARE INDUSTRIAL CO., LTD.

鈺強五金實業有限公司

p248

YUN CHAN INDUSTRY CO., LTD. 雍昌工業有限公司

p100

YING YI CO., LTD. 穎翊股份有限公司

Fastener World no.191/2021

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YING MING INDUSTRY CO., LTD. 穎明工業股份有限公司

Fasteners and Tools

BUYERS' GUIDE

p64

p127 YUNG KING INDUSTRIES CO., LTD. 榮金工業有限公司

p452

390

p201 Z & D PLATING CO., LTD. 瑞達信興業股份有限公司

p450

YOW CHERN CO., LTD.

ZYH YIN ENT. CO., LTD.

侑城股份有限公司

至盈實業股份有限公司

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p152

ALZIN COATING SYSTEMS CO., LTD.

添福德股份有限公司

p307

ATOTECH TAIWAN LIMITED

阿托科技股份有限公司

BUYERS' GUIDE

Machinery, Tooling and Others Scan us!

p316

BIING FENG ENTERPRISE CO., LTD. 秉鋒興業股份有限公司

p445

AN CHIAO MOLDS CO., LTD.

安喬模具有限公司

Fastener World no.191/2021

391

CHAN CHANGE MACHINERY CO., LTD. 長薔機械有限公司

Machinery, Tooling and Others

BUYERS' GUIDE

p304

Scan us!

CHAO JING PRECISE MACHINES CO., LTD. 朝璟精機有限公司

p324 CHUM YUAN CO., LTD. 琛元企業有限公司

p308

CHIEN TSAI MACHINERY ENTERPRISE CO., LTD. 鍵財機械企業股份有限公司

p321 CHUN KAI MACHINERY CO., LTD. 駿凱機械有限公司

392

Fastener World no.191/2021

CHING CHAN OPTICAL TECHNOLOGY CO., LTD. 精湛光學科技股份有限公司

p255

p441

千森機械企業有限公司

浚展科技股份有限公司

CHIEN SEN WORKS CO. LTD.

p322

CHUN CHAN TECH CO., LTD.

BUYERS' GUIDE

p296

Machinery, Tooling and Others

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DAH-LIAN MACHINE CO., LTD.

大連機械工業有限公司

p300

CHUN ZU MACHINERY INDUSTRY CO., LTD.

春日機械工業股份有限公司

Fastener World no.191/2021

393

BUYERS' GUIDE Machinery, Tooling and Others

CHENG FANG YUAN MACHINERY INDUSTRIAL CO., LTD. 正方元機械工業有限公司

p319

p310

GIAN-YEH INDUSTRIAL CO., LTD. 健業模具廠有限公司

p318

GWO LIAN MACHINERY INDUSTRY CO., LTD. 國聯機械實業股份有限公司

394

Fastener World no.191/2021

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p312

E-UNION FASTENER CO., LTD.

奕盟企業有限公司

p339 GREENSLADE & COMPANY, INC.

p320

HONG FU METAL INDUSTRIAL CO., LTD. 鴻富金屬工業有限公司

鴻大裕企業有限公司

IWASHI TECHNOLOGY LIMITED 岩琦科技有限公司

p313 INFINIX PRECISION CORP. 英飛凌股份有限公司

p164

BUYERS' GUIDE

HONG TAY YUE ENTERPRISE CO., LTD.

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Machinery, Tooling and Others

p325

ITAC LABORATORY CO., LTD. 鼎誠扣件科技股份有限公司

p454

JERN YAO ENTERPRISES CO., LTD.

正曜企業股份有限公司

Fastener World no.191/2021

395

BUYERS' GUIDE Machinery, Tooling and Others

p330

KEIUI INTERNATIONAL CO., LTD. 鎧渝國際企業有限公司

p336

KIM UNION INDUSTRIAL CO., LTD. 金友聯工業股份有限公司

p311

KUANG TAI METAL INDUSTRIAL CO., LTD. 廣泰金屬工業股份有限公司

396

Fastener World no.191/2021

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p306

KING YUAN DAR METAL ENTERPRISE CO., LTD. 金元達金屬股份有限公司

p329

KINGSYEAR CO., LTD. 金祥億有限公司

p335

LI YUN MACHINERY CO., LTD. 利運機械股份有限公司

聯騰工業股份有限公司

p447

LIAN SHYANG INDUSTRIES CO., LTD. 連翔工業股份有限公司

p298

BUYERS' GUIDE

LIAN TENG MACHINERY INDUSTRY CO., LTD.

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Machinery, Tooling and Others

p317

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

p323

LU-YI DIE WORKS CO., LTD. 如翌企業股份有限公司

p337

NEW BEST WIRE INDUSTRIAL CO., LTD. 強新工業股份有限公司

Fastener World no.191/2021

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昶詠機械股份有限公司

Machinery, Tooling and Others

BUYERS' GUIDE

POINTMASTER MACHINERY CO., LTD.

p303

SACMA LIMBIATE S.P.A.

p333

SHEEN TZAR CO., LTD. 新讚興業股份有限公司

398

Fastener World no.191/2021

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p326

p341

ZEN-YOUNG INDUSTRIAL CO., LTD. 仁陽工業股份有限公司

QUAN LIAN ENTERPRISE CO., LTD.

p443

全鏈有限公司

p290 SAN YUNG ELECTRIC HEAT MACHINE CO., LTD. 三永電熱機械股份有限公司

p340

SAN TZENG ENTERPRISE CO., LTD. 三城企業有限公司

SHUN HSIN TA CORP.

SUN FAME MANUFACTURING CO., LTD.

昇隆企業社

p314 TICHO INDUSTRIES CO., LTD. 帝潮實業有限公司

Machinery, Tooling and Others

商匯興業有限公司

順興達股份有限公司

SHENG LONG INDUSTRY CO.

p315

MEGA LINK ENTERPRISES CO., LTD.

TAIHO TOOL MFG. CO., LTD. (OSG)

慶諺企業股份有限公司

大寶精密工具股份有限公司

p202

BUYERS' GUIDE

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p309

TZE PING PRECISION MACHINERY CO., LTD. 智品精密機械有限公司(茂智科技)

Fastener World no.191/2021

399

BUYERS' GUIDE Machinery, Tooling and Others

p327

TUNG FANG ACCURACY CO., LTD.

東鈁精密股份有限公司

p446

YESWIN MACHINERY CO., LTD. 友信機械股份有限公司

p334

YI SHENG MACHINERY CO., LTD.

鎰晟機械有限公司

400

Fastener World no.191/2021

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p328 UTA AUTO INDUSTRIAL CO., LTD. 有達工業股份有限公司

YUH HER PRECISION CO., LTD. 育和精密有限公司

WEI CHAN CO., LTD. 威展有限公司

萬淵企業股份有限公司

p253

WEI LIANG CORPORATION 維良企業股份有限公司

p338

p332

YI TI MOLD ENTERPRISE CO., LTD. 煜鈦企業有限公司

Machinery, Tooling and Others

WAN IUAN ENTERPRISE CO., LTD.

BUYERS' GUIDE

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Industry Focus

Vietnam's

Mega Infrastructure Projects Introduction to Vietnam Located in the heart of Southeast Asia and along the coastline of the Pacific Ocean, Vietnam enjoys several advantages in linking the world’s major trade routes together. Traditionally, the possession of rich natural resources and environmental conditions has made the agricultural sector one of the most powerful tools to boost shared prosperity and economic growth. However, by the recent rapid economic growth and development supported by the industrial transformation in Vietnam, the workforce in this country is increasingly shifting towards industry in manufacturing and services from agricultural. The South has been the traditional centre of manufacturing and trade, and a major logistics hub. On the other hand, the northern region has become an increasingly popular destination for foreign manufacturers looking to diversify their production bases, especially for South Korean and Japanese manufacturers. Economy in Vietnam is built around investment, manufacturing, and exports. Investment injects to areas with specific factor endowments such as a large supply of labour, where value-added products are manufactured or processed and then exported. The model is comparable to the development models that boosted South Korea, Taiwan, and Singapore into high-income status. Thus far this model supports well the growth of Vietnam’s economy by experiencing large capital inflows, swift per capita income achievements, and positive current account balances. The foundation of this growth model is built on the country’s infrastructure, in general, and transport infrastructure, in specific to support rapidly increasing volume of production and trade. As manufacturing capacity increases, the country needs good roads and rail connections to move products around the country, and bigger airports and seaports to handle the increasing volume of imports and exports.

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by Shervin Shahidi Hamedani

Infrastructure Infrastructure is having a bit of a moment these days. As a matter of fact, infrastructure improves lives by connecting people to opportunity, expands markets, creates job opportunities, promotes competition. So with no doubt, Vietnam, one of the fastest growing economies in the world, has been looking to go big on infrastructure, as the Government has recognised the importance of an efficient infrastructure for economic development. Recent years striving plans have been also witnessed from the Government to develop and upgrade the existing transportation infrastructure system. In April this year, the Ministry of Transport of Vietnam proposed spending USD65 billion on renovating road, rail, inland waterway, sea and air transport infrastructure until 2030 under their infrastructure master plan. It would include the construction of 5,000 kilometres of expressways, a deep water port in Hai Phong (a major port city in north-eastern Vietnam), high-speed rail routes running along major north-south arteries, and the completion of Long Thanh International Airport near Ho Chi Minh City (the largest city in Vietnam, situated in the South).

Road Infrastructure The old National Route 1A is the trans-Vietnam highway. The route begins near the China-Vietnam border, runs the length of the country linking major cities including Hanoi, Da Nang and Ho Chi Minh City. In addition to this major national road, the country is progressing with the completion of Ho Chi Minh Road. The 3,167 km long road which is going to operate together with the old national road No. 1A to link the North with the South. Other notable highways connecting key economic regions have also been upgraded.

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Industry Focus Seaport Infrastructure Airport Infrastructure In recent years, the country has also witnessed a significant increase in air transportation. As the economy expands both domestically and internationally, the volume of freight and passengers carried by air transport has been increasing sharply. The government is expanding and modernising the airport infrastructure, most notably the construction of Long Thanh airport in the southern province of Dong Nai when completed. Construction of the first phase of the Long Thanh International Airport began early this year and it is scheduled to be completed in 2025 with the budget of USD4.6 billion. Long Thanh Airport is expected to become the largest airport in Vietnam with a four-kilometre runway, taxiways, aprons, and a 373,000-square-meter terminal accommodating up to 25 million passengers and 1.2 million tons of cargo a year. There will be three phases, which will be completed by 2040, which is planned to build four runways, four terminals and other facilities to handle 100 million passengers and five million tons of cargo annually.

Sea transportation remains a substantial component of the Vietnamese infrastructure system. There are over 100 ports throughout the country, of which the major ones are located in Hai Phong, Da Nang and Ho Chi Minh City. In an effort to address the increasing demand of exporters, plans to upgrade and expand the existing capacity are underway. Earlier this year, the government has approved USD147 million for building infrastructure at the Lien Chieu port in Da Nang. Once operational, it is expected to hold general cargos and bulk carriers at the maximum of 100,000 metric tonnes and container vessels with a capacity of 6,000-8,000 TEUs (twenty-foot equivalent unit). Construction work will include breakwater embankments, breakwaters, ship passages.

Summary Vietnam has undergone extreme shifts in recent years as the country evolves from a command economy to a market economy. Many investors have looked at emerging markets such as Vietnam as an area of potential investment. The investment in building new infrastructure and expanding the capacity of the existing infrastructure supports Vietnam’s ability to service the expected increase in exports including from companies looking to or having relocated manufacturing bases to Vietnam. Infrastructure investment is a very lucrative opportunity for fastener manufacturers and traders to either move their production and operation to this country or to expand their export market to Vietnam more than ever. With the growing Vietnamese market, there is high demand for fastener products, machinery, tools, hardware, etc. However, less than 10% of metal processing and industrial products are made by Vietnam itself and the remaining are imported. To support this statement, despite the pandemic, Vietnam imported more than USD623 million worth of fasteners last year, and recorded an 8.1% YOY growth rate. Additionally, once infrastructure projects are completed, major industries such as automotive, aviation and marine industries will grow faster, and this means more demand for industrial fasteners. Motorcycles have been the major transport way for local Vietnamese people. Vietnam has become the 5th largest strategic market for motorcycle manufacturing. With the improvement of the infrastructure in Vietnam, the demand for sedans and trucks in cities will be growing faster than before, and this is where fastener suppliers and traders should focus on.

Sources: Investing in Vietnam, 2021 and Beyond by KPMG VNExpress International The World Bank, Vietnam's Economy Report

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