Fastener-World Magazine No.203_Global Version by Fastener-World

21P0777-E-FW203-AT-2.5cm.job

Black Cyan Magenta Yellow

11/22/2023

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C 263

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

千森

371

CHIEN TSAI MACHINERY ENTERPRISE CO., LTD. Thread Rolling Machines

349

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

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

大楊

鍵財

273

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

大山

智富

384

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

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

108

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

364

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

137

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

503

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

錡瑞

128

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

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

宗鉦

267

DICHA FASTENERS MFG 集財 Expansion Anchors, Sleeve Anchors, Nylon Nail Anchors...

394

CHUM YUAN CO., LTD. High Speed Bolt Pointer

琛元

Inside front cover

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

鼎昇

413

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

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

登琳

CHUN YU WORKS & CO., LTD. Drywall Screws, Socket Head Cap Screws , TC Bolt Sets...

春雨

135

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

龍昌

360

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

春日

116

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

丞曜

303

CHUNGHO FASTENER CO., LTD. 鍾和 Customized Fasteners, Multi-Forming Screws, CNC Turning Parts...

100

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

289

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

CONTINENTAL PARAFUSOS S.A. 巴西商友暉 Automotive Part & Nut, Home Appliance Screws, Sems...

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

毅程

167

114

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

國鵬

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

易連

297

255

499

CO-WEALTH ENTERPRISE CO., LTD. Spring Pins, Flange Washers, Sems Washers...

竟丞

EMEK FASTENERS CO. LTD. (Turkey) Rivet Nuts, Spacers & Round Nuts, Tubular Rivets, Special Screws...

379

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

冠誠

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

CYUAN HAO INDUSTRIAL CO., LTD. new 泉豪 Specialist of Fastener Dies, Hardware, Fasteners and Washers...

317

415

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

307

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

達宇

聖泰

永德興

issue 203 Nov./Dec. 2023

192

EXCEL COMPONENTS MFG CO., LTD. Turning Parts, CNC Parts, Forged and Stamped Parts...

鑫廣

111

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

誠毅

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

鉮達

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

142 259

FIXI SRL. (Italy) Rivet Nuts, Blind Rivets, Self-clinching, Welding Studs...

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

305

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

鋒汶

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

鋒沐

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

277

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

294

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

343

HEY YO TECHNOLOGY CO., LTD. Precision Pins, Rollers, Dowel Pins...

352

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

220

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

246

HOME SOON ENTERPRISE CO., LTD. Bit, Bit Holder, Magnetic Nut Setter, Spring Nut Driver...

宏舜

195

HOMEEASE INDUSTRIAL CO., LTD. Glue Guns & Accessories

宏鎰

223

HOMEYU FASTENERS CO., LTD. 宏宇 Cold Forging Stage, Machine Molds, Lathe, CNC Machining...

146

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

402

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

396

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

275

HONG TENG HARDWARE CO., LTD. 鋐騰 Bi-metal Screws, Carbon Steel and Stainless Steel Screws...

恆勇

宏穎

鴻大裕

412

FRATOM FASTECH CO., LTD. 福敦 Hot Forming Tools, Punches & Sleeves, Dies, Machinery Accssories...

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

269

229

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

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

204

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

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

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

112

H 130

福輝

和昇

423

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

蕙寶

284

HSIANG HSING SCREW BOLT CO., LTD. 祥興 Ball Screws, Brass & Bronze Screws, Cap Screws, Combined Screws...

382

GI CHENG TRADING CO., LTD. Screw Second Punch

濟晟

416

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

370

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

健業

133

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

254

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

333

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

169

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

喬邁

421

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

362

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

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

395

GWO LING MACHINERY CO., LTD. Thread Rolling Machines, Slotting Machines...

國菱

186

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

新雨

405

GWO-MERG COMPANY LTD. Alloy Steel Wires & Rods, Iron or Steel Wire Rods...

國盟

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

如保

213

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

皇晉

351

HUNG CHIEH ENTERPRISE CO., LTD. 鋐傑 Automotive & Motorcycle Screws, Special Screws, Cold Forged Parts...

109

HAO CHENG PLASTIC CO., LTD. PP Boxes, PET Jars, ABS Boxes, PC Boxes..

皓正

欣彰

欣翃

286

HWA HSING SCREW INDUSTRY CO., LTD.

華興

Chipboard Screws, Collated Screws, Drywall Screws...

374

JIENG BEEING ENTERPRISE CO., LTD. Forming Tool for Nut and Bolt, Dies, Molds...

精斌

199

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

華國

375

JIN CHI HARDWARE MACHINERY LIMITED COMPANY 金騏 Heading and Threading Machines / Whole-plant Equipment Planning

121

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

樺麟

339

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

309

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

輝能

324

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

266 501

INFASTECH/TRI-STAR LIMITED TAIWAN BRANCH 德星隆 Automotive Screws, Chipboard Screws, Color-coated Screws...

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

INFINITOOLS CO., LTD. new 勝邦 Hand tools, Construction tools, Car Maintenance, Plumbing tools

166

256

JOINTECH FASTENERS INDUSTRIAL CO., LTD. 群創 Customized Parts, Bolts, Screws, Nuts, Automotive Parts...

397

INFINIX PRECISION CORP. Customized Punches and Dies

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

122

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

英飛凌恆鉅

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

251

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

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

JAU YEOU INDUSTRY CO., LTD. 朝友 Chipboard Screws, Drywall Screws, High Low Thread Screws...

279

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

政毓

512

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

正曜

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

捷禾

247

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

393

JIE LE MACHINERY CO., LTD. Consolidation of Artificial Intelligence Equipment

134

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

金祐昇俊良

捷仂

久可

K 162

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

233

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

337

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

高旺

355

KARAT INDUSTRIAL CORPORATION Rivet Tools & Rivet Nut Tools

寶資

141

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

濱井

391

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

鎧渝

174

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

389

KIM UNION INDUSTRIAL CO., LTD. Thread Rolling Machine, Thread Rolling Dies...

129

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

331

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

403

KING YUAN DAR METAL ENTERPRISE CO., LTD. 金元達 Continuous Type Heat Treating Furnace

407

177

金欣全

金友聯慶宇金禾昌

issue 203 Nov./Dec. 2023

K 386

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

金祥億

M 230

400

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

廣泰

241

METAL FASTENERS CO., LTD. Thread Inserts, Self-Clinching Fasteners...

356

KUNTECH INTERNATIONAL CORP. 鉅堃 All Kinds of Screws, Automotive & Motorcycle Special Screws / Bolts...

420

METECK ENTERPRISES CO., LTD. new 商后 Automotive Fasteners, Brass Screws(Bolts), Building Fasteners...

KWANTEX RESEARCH INC. 寬仕 Chipboard Screws, Wood Construction Screws, Deck Screws...

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

327 144

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

MINI FASTENER DEVELOPER CO., LTD. Customized Fasteners...

208

274

LAIEN CO., LTD. 高昱 Screws, Multi-stroke Forming Screws, CNC Machined Parts...

MOLS CORPORATION 冠鑫 Home Appliance Screws, Customized Screws, Thread Forming Screws...

131

404

LAN DEE WOEN FACTORY CO., LTD. 藍帝 Blind Rivet Heading Machine, Hollow Heading Machine...

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

422

LI YOU SCREW INDUSTRY CO., LTD. Automotive / Sems / Nylock / CNC Machined Screws...

立侑

N 104

183

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

159

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

504

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

連翔

156

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

301

LIANG YING FASTENERS INDUSTRY CO., LTD. Automotive, Hand Tool, Electronic , OEM, Furniture, Shaft ...

497

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

林裕

414

LI YUN MACHINERY CO., LTD. Hot Dip Galvanizing, Machine Galvanizing...

利運

124

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

超傑

516

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

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

今湛

119

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

長隆順

164

LONGHWA SCREW WORKS CO., LTD. 隆華 Chipboard Screws, Concrete Screws, Countersunk Screws...

291

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

408

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

如翌

M 103

MAC PRECISION HARDWARE CO. Turning Parts, Precision Metal Parts, Cold Forged Nuts...

鑫瑞

201

MACRO FASTENERS CORP. Multi-Station Screws, Nuts, Washers, Furniture Screws...

宏觀

160

MAO CHUAN INDUSTRIAL CO., LTD. Professional Stamping Manufacturer

貿詮

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

金大鼎

P 115

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

系格法斯訥

明徽迷你豬

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

昶彰

開懋

PAKWELL CORPORATION Bi-metal Screws

225

PEARSON INDUSTRIAL CO., LTD. 春郁 Automotive Cold Formed Parts, Self-Clinching Cold Formed Parts...

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

彭特

378

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

昶詠

329

POL SHIN ENT. CO., LTD. 寶薰 Drywall Screws, Concrete Screws, Tapping Screws, Long Screws...

106

PPG INDUSTRIES INTERNATIONAL INC. Chromium-free Coating, ED Coating...

193

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

203

PROTON FASTENERS S.L. (Spain) new DIN 933 - 931 - 912 bolts in 12.9 quality

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

143

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

汎昇

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

友俊

龍業百起

Q 357

美商必丕志鉑川

120

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

永傑

R 148

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

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

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

連宜

R 184

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

S 244

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

世鎧

172

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

華祺

132

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

341

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

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

168 S&T FASTENING INDUSTRIAL CO., LTD. 順通 Carbon Steel Screws, Bi-metal Screws, Stainless Steel Screws...

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

288

SACMA GROUP (Italy) Net-Shape Parts Former

SHIN JAAN WORKS CO., LTD. 新展 Flanged Head Bolts, Long Carriage Bolts, Round Head Bolts...

123

SHUENN CHANG FA ENTERPRISE CO., LTD. 舜倡發 Long Construction Fasteners and Other Modified Fasteners...

398

SHUN HSIN TA CORP. 順興達 Punches, Tungsten Carbide Nut Forming Dies, Special Dies…

171

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

153

SINGHANIA INTERNATIONAL LTD. (India) Standard & Custom Fasteners

257

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

500

SOURCING SOLUTIONS FASTENERS CO., LTD. 優德 Concrete Screws, Wood Construction Screws, Decking Screws...

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

188

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

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

恆昭

176

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

展洋

319

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

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

387

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

240 366 4 399 372

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

三星

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

三城

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

285

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

271

SCREW KING CO., LTD. 進旌 Drill Point Dies, Bi-metal Screws, Special Screws, Tapping Screws...

117

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

508

銳禾

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

298

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

417

SHARPEAGLE FASTENER INDUSTRIAL CO., LTD. 立暉 Ball Head Screw, Adjusting Screw, Head Light Screw...

178

SHAW GUANG ENTERPRISE CO., LTD. Cap Nuts, Conical Washer Nuts, Flange Nuts...

紹光

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

新讚

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

世豐

388 242

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issue 203 Nov./Dec. 2023

U 170

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

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

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

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UNIVERSAL PRECISION SCREWS (India) Dowel Pins and Shoulder Bolts...

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

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

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TAIEAG CORPORATION 順基軒 Designed peripheral equipment suitable for fastener packaging

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

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TAIWAN FASTENERS INTEGRATED SERVICE CO., LTD.全聯鑫 Bolts, Screws, Nuts, Precise Mechanical Parts, Stampings...

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

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

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WAYNETEL INDUSTRIAL CO., LTD. 華特 Standard & Non-Standard Fasteners, Customized Parts...

台力

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

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

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

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TAIWAN SELF-LOCKING CO., LTD. (TSLG) Nylok®, Precote®, Nycote®, Nyplas®, Loctite®...

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

瑋瑩

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TAIWAN SHAN YIN INTERNATIONAL CO., LTD. Bi-metal Self-drilling Screws, Chipboard Screws...

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WEI LIANG CORPORATION Centralized Lubricating Systems...

維良

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葦在

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

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

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THREAD INDUSTRIAL CO., LTD. Combined Screws, Customized Special Screws/Bolts...

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WEIMENG METAL PRODUCTS CO., LTD. 偉盟 Standard / Customized Parts, Machining Parts, Stamping Parts...

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THUNDERBOLT INDUSTRIAL CO., LTD. Sems Screws, Weld Screws, Automotive Screws, Nuts...

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

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TINA FASTENER CO., LTD. 金榮達 Combined Screws, Customized Special Screws/Bolts...

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

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

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

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WINLINK FASTENERS CO., LTD. 岡山東穎 Stainless Steel Screws, Flange Bolts, Security Bolts, SEMS Screws...

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

WYSER INTERNATIONAL CORP. Open-Die Parts, Automotive Parts...

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

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

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

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

東明

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

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

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

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

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TSIN YING METAL INDUSTRY CO., LTD. 晉英 Stainless Steel Cold Heading Wire, Oxalate Coating Wire...

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

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

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

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

穎明

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

穎翊

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U-JUNE-INSTRUMENT CO., LTD. Hot Mounting Machine, Grinding & Polishing Machine...

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UNI-PROTECH INDUSTRIAL CO., LTD. Slotted Nuts, Construction Fasteners, Automotive Parts...

致韋

緯聯

YANGJIANG DMSCREW HARDWARE PRODUCTS CO., LTD. 得盟 Stainless Steel Screws, Bi-Metal Screws, Concrete Fasteners... 友信

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

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

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

YUH CHYANG HARDWARE INDUSTRIAL CO., LTD. 鈺強 Automotive & Motorcycle Special Screws / Bolts...

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

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

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

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ZE XIN FASTENERS 澤馨 Chipboard Screws, Concrete Screws, Self-Drilling Screws...

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

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

Tooling / Dies 392 263 415 412 382 370 397 374 386 408 398 276

CHI NING COMPANY LTD. CHIEN SEN WORKS CO., LTD. CYUAN HAO INDUSTRIAL CO., LTD. FRATOM FASTECH CO., LTD. GI CHENG TRADING CO., LTD. GIAN-YEH INDUSTRIAL CO., LTD. INFINIX PRECISION CORP. JIENG BEEING ENTERPRISE CO., LTD. KINGSYEAR CO., LTD. LU-YI DIE WORKS CO., LTD. SHUN HSIN TA CORP. WAN IUAN ENTERPRISE CO., LTD.

Machines & Equipment

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雍昌

至盈

工 / 模具區旗林千森泉豪福敦濟晟健業英飛凌精斌金祥億如翌順興達萬淵

機械暨周邊設備區

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AN CHEN FA MACHINERY CO., LTD. 安全發 BIING FENG ENTERPRISE CO., LTD. 秉鋒 CHAN CHANGE MACHINERY CO., LTD. 長薔 CHAO JING PRECISE MACHINES ENTERPRISE CO., LTD. 朝璟 CHEN TAI FASTENER MACHINE CO., LTD. 成太 CHIEN TSAI MACHINERY ENTERPRISE CO., LTD. 鍵財 CHING CHAN OPTICAL TECHNOLOGY CO., LTD. 精湛 CHUN CHAN TECH CO., LTD. 浚展 CHUM YUAN CO., LTD. 琛元 CHUN ZU MACHINERY INDUSTRY CO., LTD. 春日 DAH-LIAN MACHINE CO., LTD. 大連 E-UNION FASTENER CO., LTD. 奕盟 GWO LIAN MACHINERY INDUSTRY CO., LTD. 國聯 GWO LING MACHINERY CO., LTD. 國菱 HONG FU METAL INDUSTRIAL CO., LTD. 鴻富 HONG TAY YUE ENTERPRISE CO., LTD. 鴻大裕 JERN YAO ENTERPRISES CO., LTD. 正曜 JIE LE MACHINERY CO., LTD. 捷仂 JIN CHI HARDWARE MACHINERY LIMITED COMPANY 金騏 K. TICHO INDUSTRIES CO., LTD. 帝潮 KEIUI INTERNATIONAL CO., LTD. 鎧渝 KIM UNION INDUSTRIAL CO., LTD. 金友聯 KING YUAN DAR METAL ENTERPRISE CO., LTD. 金元達 LAN DEE WOEN FACTORY CO., LTD. 藍帝 LI YUN MACHINERY CO., LTD. 利運 LIAN SHYANG INDUSTRIES CO., LTD. 連翔 POINTMASTER MACHINERY CO., LTD. 昶詠 SACMA GROUP (Italy) SAN YUNG ELECTRIC HEAT MACHINE CO., LTD. 三永 SHEEN TZAR CO., LTD. 新讚 SUN FAME MANUFACTURING CO., LTD. 商匯 TAIEAG CORPORATION 順基軒 TZE PING PRECISION MACHINERY CO., LTD. 智品 U-JUNE-INSTRUMENT CO., LTD. 宇駿 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

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Cover Story

The renewal that represents the first chapter of a story waiting to be written Having inaugurated the new logistics hub, a new phase of renewal now begins, involving a broader, more modern and futuristic vision, consistent with the new company strategies

mbrovit, a leading player in hardware and fastening systems, has completed the expansion of its new logistics site. The hub is already fully operational and confirms the desire to further increase brand awareness in Italy and Europe.

LOGISTICS EXPANSION IS A REALITY The logistics hub in Garlasco occupies a total area of 24,000 square metres. The new PROXIMA warehouse is 104 metres long, 40 metres wide and 28 metres high. It is linked to the pre-existing warehouse, ORION, thanks to a 26-metre-long connecting bridge, which ensures that product handling is as seamless as possible. A high-performance, technological project involving an automated system for storing palletised products and monitoring all operational flows. The new operational unit includes the pre-existing ORION warehouse, dedicated to receiving goods, while PROXIMA will handle all the shipment phases, with increased control, leading to a reduction in mistakes. The bridge that connects the two structures enables the transport of goods between the two, thus doubling the storage capacity. In both structures, in fact, there are “ picking bays”, where operators can select goods from both pallets and trays.

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Cover Story

The names of the two warehouses were chosen for a reason. Both draw on the worlds of astronomy and mythology, thereby paying tribute to the futuristic approach that characterises the company’s new visual identity. ORION, in particular, evokes the celebrated constellation which takes its name from the legendary Greek hunter, whilst PROXIMA refers to the red dwarf star closest to Centauri, as well as to its proximity to the twin warehouse on the Ambrovit site. Without forgetting that the new warehouse has been designed to minimize environmental impact, thanks to the installation of 650 photovoltaic panels with high production yield technology, capable of generating sufficient energy for all operational phases. Furthermore, the breadth of current storage capacities, including automated warehouses, operational and logistics units, today borders on 100,000 pallet places, ensuring prompt delivery in 24/48 hours and more than 2,500 tons shipped every month, with a view to constantly increasing customer satisfaction.

REBRANDING TO COMMUNICATE CHANGE The recent direction taken by the company has triggered a redesign of the logo, aimed at communicating the intention to increasingly focus on the future and on innovation, aspects that the company has always held dear, particularly in this newly inaugurated project. Even the motto has been changed, using a slight but clever pun, that renews the historic message linked to the company’s tradition and success and gives it a fresh, and less formal tone to adjust it to the new creative direction.

And let us not forget the two protagonists of the most recent development, the automated warehouses, ORION and PROXIMA; they have a role to play in our communication and special names were devised for them, consistent with the new creative thought behind the logo. The Ambrovit restyling project, scheduled from 2023 to 2024, is only the first chapter of a global operation that will involve the image, communication and digital ecosystem of the brand. But we can’t reveal anything else; we will talk about it in the coming weeks...

Find out more on...

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Company Focus

Singhania International Limited Sales up 15% & New Fastener Product in the Lineup From Standard to Customized OEM Fasteners Singhania International is a quality and price competitive exporter and manufacturer of fasteners and wire rods, as well as an approved vendor to big distributors. It switched from making standard fasteners to also manufacturing OEM custom parts. Currently it has recorded a 15% sales increase over 2022.

Contact: Anshul Singhania, business development director Email: anshul@singhaniainternational.com

Shining Glamor as Part of the Rise of India Manufacturing Singhania International prides on its tagline—A fastener to fix every situation—and provides cold/hot forged bolts and nuts, flat washers, lock washers, sheet metal components, high tensile threaded rods and studs (primarily B7, B8, B8M, B7M grades). The latest addition to the lineup are SEMS screws, automotive nuts and more. It invests in new machines every year, adopts state-of-the-art manufacturing techniques, and imparts training and skills to the work force. The most important benefit for customers is having wire rods in stock (purchased from TATA, Jindal, JSW, and sold domestically and exported to Europe and Latin America), all processes done in-house, and a full record of heat and lot traceability. Director Anshul Singhania said “India is set to become the global manufacturing hub, thanks to a large and young population, low cost of living, significantly cheap labor, and stronger global relationships that our Prime Minister Mr. Narendra Modi has developed with global leaders in the last 9 years”. He believes it is important for Indian enterprises to focus on skill development and industrial automation to gain traction in becoming a manufacturing powerhouse. “For us, as a fastener manufacturer, we’ve seen exponential growth in our business in the last 4 years and hope to continue the uptrend,” said Anshul.

ISO 17025 and API Certifications Coming Up Anshul is getting his lab ISO 17025 certified and once this is accomplished, his test reports will be more authentic, adding value to the lab, and increasing customer’s faith in products. Plus, having made significant progress in American Petroleum Institute certification, he expects it to complete in 6 months.

New Facilities and More Exposure Anshul is excited to announce the setup of a distribution center and warehouse in the USA catering to North American customers. “We’re closer than ever to our customers and can offer VMI solutions and shorter lead times. We recently ordered machines to add 20% cold forged bolts manufacturing capacity. We’ll have a new automated packaging line for weighing, counting and packing fasteners to gain speed. Many Indian exhibitors are exhibiting these days, primarily due to increased awareness and inquiries from overseas customers. This year, Singhania International participated in Fastener Fair Stuttgart and IFE. For 2024, participation in International Hardware Fair Cologne and IFE are in consideration. “We have some very good, dedicated suppliers in India,” urged Anshul. He hopes for everyone to have faith in India and to have Indian suppliers in the pocket list.

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TIFI Chairman Tu-Chin Tsai

“

As the international situation is changing, the global industrial l ayo u t h a s b e e n a f f e c t e d . M a n y Taiwanese fastener suppliers have been facing E SG, EU carbon t a x, smart manufacturing, and production line upgrades over the past year or so, in addition to the plight of a sharp decrease in orders, which have become major issues that they urgently need to face, and they have been looking for external counseling and support. Taiwan Industrial Fasteners Institute (TIFI), which has many members, has been actively speaking out for the interests of the industry under the leadership of Chairman Tu-Chin Tsai for nearly six years and has become one of the strong supports for Taiwanese fastener suppliers to strive for more resources from the government or related organizations.

“

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While the Economy Continues to Look Bleak, Industry Players Should Speed up Their ESG Steps. Analyzing the current global downturn, Chairman Tsai believes that it is mainly due to several factors, including inflation caused by the 25% tariff imposed by the U.S. on China, the U.S. Fed's interest rate hike, China’s closure measures in its major economic centers in the wake of the Covid pandemic, and the Ukraine-Russia War and Israel-Palestine War, which have shaken the global economic growth. Although the U.S. continues to play the role of economic locomotive, the economic momentum of almost all other countries and regions have been significantly affected. Taiwan fastener industry performed well until July last year as it was still absorbing orders from overseas customers, but then saw a sharp drop in new orders as the market demand declined. It is currently heard that many companies have begun to implement 3-4 days of unpaid leave. Chairman Tsai predicted that if the industry orders before April next year could not return, the market may appear a recession for another 2 years. However, he is still optimistic that if the demand picks up after the Lunar New Year next year, there could be a chance to stimulate the global economic growth. Until then, he strongly recommends that domestic players accelerate their ESG planning to prepare for the next wave of market demand. Currently, Taiwanese government has allocated NT$44 billion for ESG to assist

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companies in hiring professionals, improving equipment, and conducting carbon footprint verification (CFV), which will be a great opportunity for Taiwanese companies to enter into smart manufacturing and strengthen industrial upgrade. Chairman Tsai cited the example of Sun Beam Tech. which started its ESG program 12 years ago by switching from using fuel oil to natural gas, applying for tens of millions of dollars in government subsidies to renovate its equipment, and completing the CFV. Chairman Tsai emphasized that as Europe and the U.S. continue to incorporate ESG into their regulations, Taiwan's industry can no longer ignore it anymore.

TIFI Collaborates with the Industry and Government to Offer Free ESG Courses; Industry Players are Encouraged to Register for Attendance There are currently many CFV consulting firms in Taiwan, but their quality varies. In order to enable the domestic industry to catch up with the int’l CFV ASAP and to realize the goals of smart manufacturing and production line upgrading, TIFI has already obtained subsidies from Taiwan's MOEA and has coordinated with MIRDC to help the industry carry out CFV, hoping to accelerate the improvement of water/electricity/oil/gas utilization. Chairman Tsai said, suppliers can often visit TIFI’s website for more info. TIFI has collaborated with IDB (MOEA) and MIRDC to open free ESG courses for corporate CEOs and cadres in charge of ESG business, and the lecturers are mostly experts and scholars from MIRDC, MOEA, and well-known universities & colleges. It is highly recommended that the industr y pay attention to and actively participate in the programs. In the future, if advanced countries such as EU, the U.S., and Japan formally implement ESG requirements, it’ll become Taiwan’s niche to compete with China, India, or other emerging countries. In addition, in view of the high cost of foreign certification, MIRDC will actively apply to become an EU-recognized certification unit, and TIFI is also pursuing with the government to subsidize at least half of the amount for those who intend to purchase ESGrelated equipment. However, Chairman Tsai pointed out that the industry must first apply to the government before they c an be included in the subsequent calculation of CFV. For those having completed CFV before, Taiwanese Government will also work on complementary programs to cope with the situation.

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As the Demand Shrinks, TIFI Fights for More Benefits from the Government and Taiwan CSC to Help the Industry Tide Over Difficult Times. TIFI invites fastener manufacturers to participate in quarterly production & sales meetings with Taiwan CSC and discuss the current wire rod prices and industry conditions. Chairman Tsai said that Taiwan CSC's quotations mainly refer to int’l iron ore, coke, exchange rates and quotations from major steel-producing countries such as China, Russia, Vietnam, and India. At the same time, they will also consider the performance of domestic industry orders to make reasonable quotations and provide more diversified and preferential packages. Chairman Tsai also often coordinates with Taiwan CSC together with industry-leading companies and TIFI BoD to prevent Taiwan CSC's quotations from deviating too much from the actual industrial situation. Due to the current shrinkage of domestic industry orders, Chairman Tsai also suggested that after the Q1 2024 production & sales meeting scheduled in December this year, Taiwan CSC should definitely take market price into consideration and at least flatten or reduce the price, otherwise suppliers won’t be able to receive orders or cannot pay loans and employee salaries, which may also affect the Q1 performance next year. He also hopes that the government can coordinate with banks to extend the repayment period of corporate letters of credit to the end of next year and stand with enterprises.

Overseas Investment Should Give Priority to the Country's Security, National Character and Stability. With more buyers requiring Chinese or Taiwanese suppliers to set up factories overseas, many Taiwanese companies have begun to set up factories in Vietnam, Indonesia, Thailand and other places in order to maintain orders. Chairman Tsai, who has factories in Malaysia and Vietnam, said that when choosing an overseas factory base, the country's security, national character and stability are the three major evaluation indicators. In addition to having trustworthy people locally to help with management, their HQs in Taiwan also need to send cadres for supervision. In some emerging markets, Taiwanese manufacturers can also consider setting up liaison offices or collaboration with local distributors to expand sales opportunities. As for the rest of small factories unable to set up factories overseas, they are recommended to rely on large factories to seek sustainable operation. He also believes that automotive fasteners are an area where Taiwanese companies can further strengthen their presence. Thus far,

Association over 30% of Taiwanese companies have invested in this field. Although EV will reduce the fastener demand in the future, their added value is still attractive for investment.

Taiwan International Fastener Show to be Launched Next June, Hoping to Bring More Overseas Business Opportunities Taiwan International Fastener Show (“Fastener Taiwan”), with TIFI as the executive unit, will be held at Kaohsiung Exhibition Center on June 5-7 next year. The readjusted dates are now far from those int’l trade fairs such as Fastener Fair Global and Wire Düsseldorf, and are sure to attract more overseas visitors. In order to make Fastener Taiwan more successful, Chairman Tsai's chairmanship will be extended until the conclusion of Fastener Taiwan in June next year. Chairman Tsai said that Fastener Taiwan 2018 held before the pandemic successfully attracted 2,000+ foreign visitors. This year, with the exhibition dates returning to normal and national borders open, overseas visitors are expected to hit new highs. He hopes that through the consecutive holding of Fastener Taiwan, more business and collaboration opportunities will be created for competent industry players in Taiwan.

A New Look of Taiwan Fastener Museum is Expected to be Unveiled in H1 Next Year During his tenure, Chairman Tsai cooperated with Kaohsiung City Government to build the 1st Taiwan Fastener Museum at Kangshan Agricultural & Industrial Vocational Senior High School. It is currently one of the two museums in the world focusing on the fastener industry. Many important developments of Taiwan fastener industry are displayed in the museum. Through videos and other visual aids, visitors can better understand the past, present and future of Taiwan fastener industry. Chairman Tsai said that there are many worth-seeing collections in the museum waiting for visitors to appreciate. He is also actively inviting important veteran figures in the development of Taiwan fastener industry to tell the history of Taiwan fasteners and add more exhibits that can facilitate interaction with visitors. Outside the museum, there will be a firefly ecological park, which is expected to become a popular tourist attraction in Gangshan and will be open soon in H1 next year. Although the baton will be handed over in June next year, Chairman Tsai said that in addition to Taiwan International Fastener Show and the Museum, TIFI will also hold many activities next year and hopes that everyone can participate and work together for the future of Taiwan fastener industry.

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Interview with

NFDA President Jim Degnan

With inventory, freight cost, and inf lation continuing to impact the global supply chain since 2022 (and the U.S. industry is no exception), do you think the pressures on the U.S. fastener industry due to these issues have eased this year, and are there any new emerging issues that are worth paying attention to? A: While freight costs and lead times have improved, inflation continues to have a large impact on our industry. Many production costs including labor and inventory carrying costs have increased. The availability of qualified labor is also a frequent topic of conversation. Recruiting, training, and retaining employees is more critical now than ever. (Following Q1) Which of these issues do you consider to be the highest priority for the U.S. fastener industry to deal with at this stage? Why? A: I believe that the highest short-term priority will be managing costs as inflation continues to impact many product classes and industries. Even with the efforts of the US government to slow it down through increased interest rates, inflation continues to affect all aspects of our industry. Also, any significant economic downturn will just increase the complexity of managing changing costs. However, skilled labor availability will be the larger, longer-term issue that companies must be addressing now.

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T he prac t ice s adopt e d by U. S . fa st ener distributors in response to changes in market supply & demand and industrial upgrading have always been a model for their counterparts in other countries to learn from. In the face of these old and new challenges in the market that we are all closely concerned about, how do the U.S. distributors, who stand on the front line as the gatekeepers for their customers, cope with and overcome them? Do you have any practical examples to share? A: The volatility of the fastener market over the last several years has motivated US distributors to expand investment in data analytics, standardization, supply chain visibility, and system technologies to help with these new market dynamics. But none of that will have a material impact without encouraging your employees to empathize with your customers, clearly understand their requirements, and empowering them to solve problems directly. Our industry employs some of the best and brightest folks. They are the key to our success. Under the framework of the new U.S.-MexicoCanada Trade Agreement (USMCA) and with the advantage of preferential tariffs and geographic location, it is reported that some U.S. fastener companies are also investing in Mexico to set up their factories. Do you think that this trend will cause some subtle changes to the existing U.S. fastener distribution system?

Association A: We have all heard the quote: “The only constant in life is change”. And that applies to the US fastener distribution industry more than most. Our industry has always worked effectively through the perpetual changes in our marketplace. Our world is dynamic, and we must move with it or deal with consequences. The trend of U.S. fastener companies investing in Mexico to set up factories under the USMCA framework is indeed a topic of considerable interest. With labor shortages in the U.S., the proximity of Mexico and their strong labor force is an attractive destination. While automotive and electronic manufacturing have long been established in Mexico, we're now witnessing many other manufacturing segments exploring this option. Our industry has years of experience serving the companies already in Mexico, and in many other countries. According to the latest U.S. Customs statistics, the U. S. imported about US$3. 8 billion of fasteners in the first 7 months of 2023, with the top 3 import origins being Taiwan, China and Japan. As far as you know, what are the main applications for the fasteners the U.S. imported from these three countries? And, what advantages do fasteners from these three countries respectively present to U.S. fastener distributors? Are there any new trends in fastener manufacturing and development in the U.S.? A: Fastener imports from Taiwan, China and Japan are used across a very wide range of applications in industries including construction, automotive, consumer electronics, and machinery manufacturing to name just a few. The appeal of these fasteners is primarily their cost. Many commodity fasteners can only be purchased in volume from overseas manufacturers. There are also many US fastener manufacturers who have opened manufacturing locations in Asia to expand their production capacity and to serve the local markets. In the first 7 months of this year, more than 35% of U.S. fastener imports (about 320,000 tons) came from Taiwan, a much higher percentage than China and Japan, showing that Taiwan and the U.S. fastener industry have been cooperating extraordinarily closely. What do you think are the reasons that the supply chain between Taiwan and the U.S. has remained close over the years? A: The close collaboration between Taiwan and the U.S. fastener industry is rooted in longstanding relationships built on quality, pricing, reliability, and consistent delivery performance. These foundational pillars have been nurtured over time, resulting in robust and enduring supply chain partnerships. While the U.S. fastener industry is always exploring opportunities to expand its vendor base, Taiwan's reputation for excellence and dependability has made it a preferred partner for U.S. distributors. As we explore global options, other countries like Malaysia, India, and Turkey offer unique strengths for various product lines, providing diversification opportunities within the supply chain.

manufacturers in Taiwan, China, and many other Asian countries have begun to actively introduce the concept of "energy saving and carbon reduction" in all aspects to strengthen their competitiveness. Will low carbon fasteners also become a requirement for upstream suppliers of U.S. fastener distributors in the near future? A: With the upcoming trial implementation of the EU's CBAM measures, many fastener manufacturers in Asia, including Taiwan and China, are proactively embracing "energy-saving and carbon-reduction" principles to enhance their competitiveness. The adoption of low-carbon fasteners may indeed become a future requirement for upstream suppliers of U.S. fastener distributors. We have witnessed similar trends with the trickledown effect of various industry initiatives. As we await the finalization and potential modifications of CBAM requirements in the coming weeks and months, it is possible that carbon reduction measures will be integrated into the broader spectrum of our industry practices in the U.S.

As the new president of NFDA, have you set a few goals to achieve during your term? A: The N F DA board has established several strategic objectives, mostly around the improvement of membership value. Our objectives cover a range of topics including employee development, recruiting, training, mentoring, and effective networking practices. We are always committed to helping our members thrive in a global marketplace.

What NFDA events have been planned for the upcoming year? Will there be any exchange event with other national fastener associations or industries? A: We have several events scheduled for the upcoming year including: 1. NFDA Virtual Program – November 30, 2023 2. 2023 YFP and NFDA Virtual Holiday Party – December 14, 2023 3. 2024 NFDA Annual Meeting and ESPS – June 12, 2024 4. 2024 NFDA Executive Summit in San Diego, CA – October 16-18, 2024

What are your expectations for the U.S. fastener industry in 2024? A: T he US fastener i ndust r y wi ll have some g row t h challenges in 2024 given the uncertainty of the economy, but US fastener distributors will continue to grow as more of the market recognizes the competitive advantages of working with a strong distribution partner to assist them with the ever-changing dynamics of a global supply chain.

With the trial implementation of the EU's CBAM measures from October 1 this year, fastener Copyright owned by Fastener World

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EFDA President Andreas Bertaggia

Since 2022 the market demand, inflation, raw materials, climate change and many other factors have continued to affect the global supply chain (and the EU industry is no exception). Do you think the pressure on the European fastener industry due to these issues has eased so far and are there any new issues of concern emerging? What is your forecast for the EU economy in 2024? A: The pressure has not become less. Quite the opposite: the challenges for our industry are increasing due to growing regulation, geopolitics, and the general political and economic envi ron ment. Already the last qua r ter of 2023 will be challenging for European traders. And for the coming year, I expect even more regulation and decreasing demand. However, although 2024 will be a challenging year for our industry, I hope that by the second half of the year our industry will see a recovery. The practices adopted by European fastener distributors in response to changes in market supply & demand, industrial upgrade and corporate sustainability have always been the benchmarks for their counterparts in other countries. In the face of these new & old challenges in the market that we are all closely concerned about, how do the European distributors standing at the

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front line for their customers cope with and overcome them? Do you have any case (e.g. mergers & acquisitions, changes in marketing operations, etc.) to share? A: European fastener distributors are characterized by a high degree of flexibility and agility and are very quick on the market. They take the tasks they are currently facing very seriously. These include the legal provisions of the EU sanctions against Russia, including an import ban on fasteners from third countries if manufactured by using Russian steel products, and the EU Carbon Border Adjustment Mechanism (CBAM). Our companies are also responding quickly to changes in supply chains and market volatility. Overall, I see European fastener distributors well prepared. E U ’s C BA M h a s b e e n i mp l e me nt e d since October 1 and energy saving & carbon reduction have become priorities for fastener manufacturers in Asia. Has any additional CBAMrelated requirement s a lready been proposed by European fastener distributors to their Asian suppliers? What would you suggest Taiwanese manufacturers to do to comply with the new EU regulations? A: First of all, CBAM is a law with multiple obligations that European importers of fasteners have to fulfil. CBAM

Association is complex and far-reaching in its requirements, and all of our member companies are in the process of familiarising themselves with the subject and finding solutions. Not all questions have been answered yet. There is even still a lack of specifications and implementation of individual aspects of CBAM by the EU or the EU member states. What we can advise the Taiwanese is that they seriously deal with CBAM. I know that Taiwan started very early to prepare for CBAM. Taiwan is acting in a very exemplary way and is at the forefront of exporting countries in the fastener industry. Taiwanese manufacturers and European distributors must work hand in hand on solutions to this issue so that the trade business between our regions can continue to operate successfully. For example, it will be vital that CBAM reports reflect true costs. Certificate trading, which will start in 2026 for European fastener importers, will become a serious cost factor. The more CO2 emissions the imported goods have caused, the higher the costs of certificates. Here, the European distributors will take a close look at which suppliers are competitive in which countries. In the end, CBAM is a cost issue for all participants in the fastener supply chain.

According to EU statistics, the EU imported about 2 million tons of fasteners in 2022 (more than €8 billion), with the top 5 import origins being China, Taiwan, Turkey, Vietnam and India. As far as you know, what are the main applications of fasteners imported by the EU from these 5 countries? And for European fastener distributors, what are the respective advantages of fasteners from these 5 countries? A: In the course of increasing globalization, standard parts were first procured from these countries for cost reasons. In addition to price, flexibility and service level played an important role in the success of these countries. The standard parts are sold to all industries, for example to the automotive, train, construction, and consumer products industries. In recent years, the business with special parts has also increased. In 2022, more than 60% of Europe's fastener imports (about 1.28 million tons) originated from China and Taiwan, showing a very close cooperation of European fastener industry with suppliers from these two regions. What do you think are the reasons for this? In your opinion, what part of Taiwan's supply chain still gain the upper hand? On the basis of not competing directly with European suppliers, what are the other application fields that Taiwanese manufacturers can also try to expand their business to? A: China and Taiwan are particularly competitive with regard to the mix of price, quality, and service they provide to their customers. And they both are producing a very high volume of fasteners. During the last years, Taiwan has massively increased its production of special parts and the quality level of fasteners in general – keeping a reasonable costbenefit ratio. A growing area of business for manufacturers is helping importers meet compliance regulations. Taiwan can achieve a lot in this field. I am convinced that if compliance requirements can be met, the good trade relationship between EU and Taiwan will continue. A fter the Europe -Vietnam Free Trade Agreement (EVFTA) comes into effect in 2020, Vietnamese fasteners have become more competitive in exporting to the EU. Do you think such an agreement has caused some subtle changes to the existing fastener distribution system in Europe?

A: We do not know exactly to what extent the agreement has affected our industry. It is always beneficial when free trade is encouraged. We see, however, that the increasing importance of Vietnam as an alternative procurement market during the last years is also due to geopolitical tensions in Southeast Asia and for cost reasons. What meetings or events have been or are going to be planned by EFDA for the upcoming 2024? A: EFDA is planning a series of internal meetings for its members in 2024 including webinars on current topics as CBAM. The triennial European Fastener Distributor Conference will be held only in 2025 in Brussels, the EU’s “capital”, as EFDA will then celebrate its 25th anniversary. Have you achieved any goals or accomplishments (including international exchanges) since your presidency? A: One of our goals in EFDA is to assist its members and companies in coping with compliance issues. As already mentioned before, CBAM is playing a central part here, and will continue to do so. I am glad to see that we could assist our members with a frequent information service and webinars from an early stage so that they can get prepared in the best way possible. I a m also keen on keepi ng a nd strengt heni ng t he relationship between EFDA and its partner organizations all over the world. I would like to mention our traditionally good relationship to TFTA and TIFI in Taiwan, and also our exchange with the Taiwan authorities on CBAM recently. What is your forecast for the global fastener industry in 2024? A: We expect a strenuous and hard and overall very challenging year 2024 in terms of demand, sales increases, regulatory tasks, uncertainty and tensions. Unfortunately, it is unclear in which direction everything will develop. Are there any other words you would also like to share with our readers? A: We wish everyone in Taiwan and Europe can meet their challenges and work hand in hand within the supply chains to overcome these challenges. Copyright owned by Fastener World

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Association

HKSFC Chairman Tsui Ping Fai

First of all, can you share with us the import and export performance of the fastener industry in Hong Kong in the past 2-3 years? A: According to the data of the Hong Kong Trade Development Council (HKTDC), the overall export started to be very weak in 2022 and is still declining, and fasteners, which are the basic parts of the industry, are also seriously affected. The import and export trade, one of the major driving forces of the Hong Kong economy, has continued to retrogress. The figures for this May show that both imports and exports fell worse than expected, resulting in the cumulative value of exports falling by 16.3% year-on-year in the first 5 months this year, while the cumulative value of imports dropped by 13.4%, and the trade deficit increased to HK$175 billion (about 20.4 billion euros). HK Financial Secretary Paul Chan stated clearly that Hong Kong economy has so far been supported mainly by consumption, and he dares not say outright that the upper limit of the economic growth forecast of 3.5% to 5.5% can be maintained. Economist Wai-Kee Yuen is also pessimistic about the outlook of import and export trade, saying that it is already very good that import and export will not drag down economic growth for the whole year.

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Compared with China, the export quantity of China's fasteners in JanuaryJune 2023 was 2,374,964 tons, down 96,603 tons or 3.6% year-on-year compared with the same period in 2022; and the export value was US$5,891.164 million, down US$4,832.31 million or 6.9% year-on-year compared with the same period in 2022. Over the past few decades, many Hong Kong fastener suppliers have shifted their production to Guangdong or mainland neighboring cities because of their proximity. What advantages does this create for the fastener industry in Hong Kong? A: The advantages of relocating Hong Kong's fastener manufacturing to the Mainland China are as below: a. Low-cost labor: The relatively low cost of labor in Mainland China can save manufacturing costs. b. Abundant supply of raw materials: Mainland China has a wide range of raw material suppliers. c. Superior manufacturing infrastructure: Mainland China has modernized production facilities and infrastructure. d. Market potential: Mainland China has a large market that offers potential customers and business opportunities. e. Export Convenience: China has well-established Customs clearance procedures and transportation links, which are conducive to the export of products to int’l markets.

Association f. Geographic location: Hong Kong's proximity to Mainland China facilitates product transportation and logistics. g. Government support: The Chinese government provides various policy support and incentives to encourage foreign-invested enterprises to set up production bases in China. h. Technology and Talent: China has a wide range of technical and engineering talent that can provide assistance and expertise. What kind of fasteners do most of your member companies produce? What are the main applications? What is the approx. ratio of their domestic and export sales? What specific contribution can these Hong Kong companies having sufficient experience in import/export, production and sales make to the global fastener supply chain? A: Generally, they produce precision fasteners, including screws, nuts, bolts, screw bolts, threaded rods, screw rings, screw caps, screw sleeves, threaded inserts, screw knobs, mainly used in automobile manufacturing, aerospace, high safety requirements of toys and electronics industry, medical equipment, power industry, building and construction, mechanical engineering, transportation and related equipment. With the economic development of Mainland China, the current domestic demand has increased significantly compared to the previous reliance on foreign sales (domestic sales: 40% / foreign sales: 60%). Contributions to the global fastener supply chain from Hong Kong fastener manufacturers investing in China include: · Production bases: Hong Kong fastener manufacturers have established production bases in Mainland China to improve production efficiency and reduce production costs, thus adding capacity to the global fastener supply chain. · Quality control: fastener manufacturers investing in Mainland China often have modern production facilities and quality control systems in place, helping provide high quality products and raise quality standards in the global supply chain. · Market expansion: the Chinese market is huge, and investments by Hong Kong fastener manufacturers can help expand their market share, while also providing broader opportunities for the global fastener industry. · Supply chain diversity: investment in fastener manufacturers in Mainland China increases the diversity of the global fastener supply chain and reduces the dependence of the global supply chain on a particular region or country. · Innovation and technology: Hong Kong companies investing in Mainland China not only help with production, but also with technological innovation and R&D, thus providing more advanced fastener solutions globally. All in all, Hong Kong fastener industry's investment in Mainland China contributes more supply capacity, diversity, quality standards and market opportunities to the global fastener supply chain, thus strengthening the competitiveness of the global fastener industry. · Int’l Trade Hub: Hong Kong is strategically located in Asia, making it a hub for int’l trade. Hong Kong's well-developed freight and logistics infrastructure effectively connects fastener manufacturers and consumer markets around the world. · Int’l exhibitions and exchanges: Hong Kong regularly organizes int’l exhibitions and exchanges related to fasteners, providing opportunities for industry players to showcase their products, establish partnerships and learn about industry trends. Regarding the EU’s CBAM measures in a pilot phase since Oct. 01, has the fastener industry in Hong Kong responded to the measures in various aspects? Has HKSFC provided some assistance and counseling to its members?

manufacture, the company may need to prepare to pay carbon tariffs to ensure fair competition.

A: For the fastener manufacturing industry, responding to CBAM may involve the following steps:

Hong Kong Screw & Fastener Council holds regular meetings to share the latest news on CBAM carbon emissions, organizes study tours, and works closely with government agencies such as the Hong Kong Productivity Council (HKPC), where government consultants provide us with professional advice on CBAM.

Determining carbon emissions: first, fastener manufacturers need to assess the carbon emissions of their processes, including production, transportation and raw material sourcing. Adoption of measures to reduce emission: based on results of carbon assessments, fastener manufacturers can adopt measures to reduce carbon emissions, such as improving production processes, using more environmentally friendly raw materials, or improving logistics and supply chains. Compliance with regulations: to ensure that your business complies with CBAM's regulations, including reporting carbon emissions data and complying with related regulations. Preparing to pay carbon tariffs: if the imported product does not have a similar carbon reduction policy in the country of

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Hong Kong government support: businesses can work with the government, HKPC and others for support, guidance and resources to meet CBAM requirements.

Apart from the voluntary carbon footprint verification conducted by the industry and the subsequent introduction of carbon reduction and improvement programs, does the Hong Kong government also provide guidance and support to the industry in terms of policy in relation to CBAM? A: (a) HKPC provides a full range of carbon management services such as carbon footprint, auditing and consulting; (b) Green Hong Kong - Carbon Audit; (c) Council for Carbon Neutrality and Sustainable Development; (d) Carbon

Association Neutrality Partnership; (e) Green Tech Fund. HK Government set up a Green Tech Fund (GTF) in 2020 to support research projects that could contribute to carbon reduction and environmental protection in Hong Kong. Local public research institutes, research centers and private companies engaged in these projects can now receive more adequate and targeted funding. HK Government has injected HK$400 million into the Fund. The amount of funding provided under GTF ranges from HK$2.5 million to HK$30 million per project. The Chinese government: the completion of the "double carbon" goal is inseparable from the financial and tax policy support. It also gave four major requirements, including all levels of finance divisions to increase support for the development of green and low-carbon industries, technology R&D, etc.; to improve the government's green procurement standards, and increase the purchase of green and low-carbon products; the implementation of environmental protection, energy and water conservation, and preferential taxes for new energy and clean energy vehicles and boats; studying tax policies related to carbon emission reduction, etc. In addition, the Ministry of Finance is taking the lead in drafting the “Guiding Opinions on Financial Support for Carbon Peak Achievement and Carbon Neutrality.” Facing a global fastener market surrounded by powerful competitors, is there any way for Hong Kong fastener industry to enhance its int’l competitiveness and uniqueness? What resources can HKSFC provide to help members increase their visibility in the market? A: a. Invest in R&D and innovation: to meet market demands and provide better solutions through continuous R&D of new technologies and products. b. Improve product quality: ensure that the quality of our products is at the highest level to meet customer expectations. c. Customization: understand customers' needs and provide customized products to meet their requirements. d. Environmental and social responsibility: more consumers are concerned about environmental and social responsibility issues. Adopt sustainable production methods and actively participate in social responsibility activities. e. Brand building: invest in brand building and increase product awareness through effective marketing and brand promotion. f. Int’l cooperation: cooperate with int’l partners to develop new markets and products. H K SFC reg u larly orga n i ze s techn ic a l semi nar s , participates in government-subsidized cross-border delegations, and organizes delegations to visit internationally renowned exhibitions in order to enhance the visibility of members in the market and to promote int’l exchanges in fasteners and various types of automotive and medical manufacturing industries. We are committed to ensuring

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that our members are able to keep abreast of market conditions and share their experiences in technology, quality management, investment and operation in a cohesive and enjoyable manner. What activities have been planned by HKSFC in 2024? A: In 2024, we plan to organize the following activities: Four Region Fastener Associations Conference, participation in overseas exhibitions (e.g., Automechanika Frankfurt, Expo Nacional Ferretera, Fastener Expo Shanghai, etc.). We will also organize some industry learning and exchange missions to countries like Turkey, Vietnam, Japan, etc. We will also organize promotional meetings and sharing sessions for the industry and members to further exchange and interact with each other. What are your expec tations for the development of the fastener industry in Hong Kong in 2024? A: Due to Hong Kong's unique historical background, along with the rapid development of China's economy in the past 2-3 decades, Hong Kong's fastener industry has been well supported in investing in the Mainland's industrial market and infrastructure, including supply chain and policy support. In recent years, the Chinese government's focus on Hong Kong and the Greater Bay Area has brought new and rich opportunities to Hong Kong. However, the trade wars and pandemic in the past few years have adversely affected China's exports and global economic demand. We look forward to an early end to conflicts around the world next year, the realization of world peace, and a decline in energy prices before the global economy recovers and the consumer power of countries increases, further boosting demand for manufacturing and industrial products, and an early recovery of our fastener market. In addition, the Chinese government has recently fully liberalized the manufacturing sector for foreign investors by removing all restrictions on their access to the sector under the eight actions of the Belt and Road Initiative. This has had a positive and far-reaching impact on foreign investors setting up factories of various technologies in China. As long as more foreign-invested factories are established in China, the demand for industrial supply chain components such as plastics, electronics, and our fasteners and hardware parts will increase. This is the future we are looking forward to. Thanks to the technological advancement of our investors and customers from various countries, it has had a good impact on China's industry, positively contributing to our raw material production, equipment, product technology and innovation, and even the optimization of our software and automation management systems. We look forward to Hong Kong and our industry counterparts working together, keeping pace with the times, exchanging ideas, and working together to meet new challenges and opportunities such as carbon neutrality. We wish you all the best for the coming year. Copyright owned by Fastener World

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TFTA Chairman Josh Chen

“

Among Taiwan's export-oriented industries, fasteners are also one of the most important industries that help Taiwan generate a lot of foreign exchange. A complete supply chain from raw materials to finished products, which is rare in the world, has made Taiwan a priority for European and American manufacturers choosing to work with them in overseas sourcing, and many of Taiwanese fastener suppliers have been longtime members of Taiwan Fastener Trading Association (TFTA). With the efforts of incumbent Chairman Josh Chen, TFTA has continued to raise the visibility of Taiwanese suppliers in the int’l marketplace.

“

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Global Exchanges, Deepening Taiwan Fastener Industry's Connection with the World Since most TFTA members are export-oriented, communication with int’l fastener associations has become an important task of TFTA. Chairman Josh Chen said that, over the past few years TFTA has continued to establish close exchange and smooth communication channels with many int’l associations (e.g., NFDA, EFDA, EIFI, SINPA, SEIFSA, etc.), helping Taiwan fastener industry maintain partnership with overseas customers on the one hand and allowing int’l friends to better understand Taiwan fastener industry on the other hand. Chairman Chen has represented TFTA to participate in the activities of partnered associations for times. In addition to having attended the EIFI's General Assembly for times, in May and June this year, he was also invited by EIFI and NFDA respectively to attend their annual conferences to exchange views and report on the development of Taiwan fastener industry, and he even shared the video footage of the Taiwan Fastener Fashion Show held by TFTA in 2023, amazing all the guests with the endless creativity of Taiwan fastener industry. Speaking of the major achievements during his 4-year tenure as chairman, Chairman Chen said that maintaining smooth communication between TFTA and int’l associations in Europe and the U.S. has been an important task during his tenure. He also hopes that in the future communication between TFTA and overseas associations will be even closer than it is now and that the partnership with them will be even stronger.

Association Paying Heed to Int’l Situations and Accelerating Industrial Upgrade The global market is filled with many uncontrollable external factors, especially the Israeli-Palestinian war may also have a profound impact on the global economy. Chairman Chen said that the industry hasn’t appeared signs of recovery yet and the situation is indeed not optimistic. Fluctuations in steel and oil prices, wars, U.S. interest rate hikes, and exchange rates have caused customers to be conservative in their investments. He reminds suppliers of paying heed to these variables. At the same time, he also suggests that in the midst of the sluggish economy, Taiwanese companies should strengthen their industrial upgrade, and Taiwanese government should also consider lowering Taiwan's interest rates to provide more incentives for investment. On the basis of not affecting the rules of market operation, the government should appropriately adjust and provide preferential interest rates and favorable measures to help those interested in industrial upgrade get access to government resources or subsidies more easily, in order to stimulate the economy to be vibrant.

Low Carbon Steel Products are in High Demand. Hopefully Taiwan CSC Can Offer Benefits to Enhance Suppliers’ Competitiveness. Observing the current significant order downturn of the industry, Chairman Chen believes that a large proportion of this year's decreasing demand is due to the still high level of the customer inventory. As last year's shipping container costs and freight charges hiked, worried customers tried to buy beyond expectations, resulting in a scenario that some suppliers are still processing orders made last year. One U.S. customer even told him privately that he might not run out of inventory until the middle or end of next year. Nevertheless, Chairman Chen believes that market demand has not disappeared, and that in addition to the production of low-carbon steel products, the industry should also strengthen the development of mediumand high-carbon steel products to enhance competitiveness. Regarding the low-carbon steel products, which are still the bulk of the demand, Chairman Chen believes that as there are many competitors in the low-carbon steel products (such as those from China and Southeast Asia) and the profit margins are relatively thin, he hopes that Taiwan CSC can provide more favorable packages in terms of price to support the industry.

Enhancing Customers’ Understanding of Taiwan; Order Switching is Only a Short-term Phenomenon

Although a few large factories reflected that some customers from Europe and the U.S. have requested to set up factories overseas before they are willing to place orders, Chairman Chen believes that this should only be a short-term phenomenon caused by customers’ lack of understanding of the current situation of Taiwan fastener industry. In order to solve this dilemma, Taiwanese suppliers should take the initiative to make customers understand the situation in Taiwan. TFTA also plays a role in helping them achieve this goal by inviting European and U.S. customers having operations in Taiwan to be TFTA's int’l members, so that through exchange they can understand the actual situation of Taiwan fastener industry. Chairman Chen emphasized that the problem of customers switching to other countries may be a major challenge, but the most important thing for the industry is to continue to take good care of product quality and on-time delivery.

Better to Get Official Counseling on CBAM Issues As the EU has not finalized the implementation details of CBAM yet, Chairman Chen said that instead of looking for private organizations to conduct carbon footprint verification, it would be better to contact MIRDC or IDA (MOEA) to inquire about counseling or training courses, and that TFTA would actively cooperate with these units to assist members in understanding related training courses and subsidy programs. In addition, TFTA has already established a smooth approach and perfect planning with MIRDC in terms of member educational training (incl. on-site practice and technical observation), and will further improve future collaboration.

The Recession Has Reached the Bottom and Bright Future Can Be Expected On Dec/8 this year, TFTA members meeting and Board of Directors election will be held in Queen Plaza Hotel in Tainan, when Chairman Chen will also officially hand over the baton to his successor. Chairman Chen said that although the economy doesn’t look good, it is estimated that it might not get worse. He is confident that Taiwan fastener industry will bottom out and rebound. He will also coordinate with the new TFTA Chairman on the Association's development policy, hoping that TFTA will give more training programs and market exchanges (such as Japan and Southeast Asia) to create more opportunities for TFTA members.

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Special Feature

EDITORIAL A

s we enter the month of November, Fastener World Buyers' Guide, the most awaited annual publication in the industry, is finally coming to our readers. First of all, we’d like to express our special thanks to our advertisers for their continuous support, giving us the honor to provide you with int’l promotional and marketing services. In addition, we’d like to thank our contributing authors, both domestic and international, who have provided us with many worthwhile market analyses and technical articles over the years, so that our industry readers can continue to improve and grow through their insightful analyses. More importantly, we’d also like to thank EFDA President Andreas Bertaggia, NFDA President Jim Degnan, TIFI Chairman Tu-Chin Tsai, HKSFC Chairman Tsui Ping Fai, and TFTA Chairman Josh Chen for their time to be interviewed to make this issue so informative and worth-reading. This issue includes not only the suppliers directory for the convenience of global buyers, but also a number of articles on CBAM, export tax rates, emerging markets such as Mexico and India, as well as news from manufacturers, associations, and exhibitions to keep readers abreast of the latest developments in the industry. Let's look forward to more favorable news for the industry in 2024.

CBAM Shows Hidden Opportunities; Taiwan Fastener Industry Can be a Low-Carbon Transformation Benchmark for Their Asian Counterparts A few yea r s a go, we’ve s e en a wave of transformation in the global fastener industry from the production of standard parts to automotive fasteners. At that ti me, ma ny Ta iwa nese m a nu f a c t u rer s s ei z e d t he o p p or t u n it y to invest in upgrading their production lines to meet the IATF 16949 standards, optimize manufacturing processes to obtain certification, and then establish cooperation or partnerships with many major automotive ma nu factu rers i n Eu rope a nd the U.S., successfully taking a giant leap upward in the industrial pyramid and differentiating their products from those of Chinese and other Southeast Asian counterparts. This year, with the EU CBAM measures entering the pilot stage and its goal of achieving a 55% reduction in carbon emissions by 2030, the oil/gas/water/electricity issues, which were not emphasized by the fastener industry in the past, have all been brought to the forefront and become the most popular topic of discussion in the industry. Although CBAM measures in many EU member countries are still at the stage of supporting program development, many parts are not yet complete, but it is an indisputable fact that it will be officially launched on January 1, 2026, and Asian countries, which account for nearly 60% of the world's carbon emissions, are the first to bear the brunt of the problem, so whoever can get ready soon will be able to gain access to the market faster. According to our side observation, many Taiwanese companies have sharpened their knives and been ready to make good use of this new wave of transformation to win more orders.

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CBAM is Expected to Become an Important Ordering Parameter for European/American Buyers The recent order situation of Taiwan fastener industry is stagnant as customer inventory remains high and inflation, operating costs and other issues keep affecting the export of most suppliers. There are even voices forecasting that the next year's export will continue to be weak. However, according to our recent interviews with the presidents of major fastener associations in Europe, the U.S. and Asia, who were invited to share their observation on regions and views on the current development of the CBAM situation in particular, we noted that the activeness of Taiwan fastener industry to meet the requirements of regulations and the capability for producing products that can help facilitate environmental sustainability, as compared with their counterparts in China and Southeast Asian cou ntr ies, still pose power f u l attraction to the European and U.S. markets,. EFDA President Andreas Bertaggia noted that "The CBAM requirements are complex and farreaching, and the EU member states are working hard to find a consensus on the regulations. Manufacturers need to reflect the true costs when producing CBAM reports, and Taiwan has a great deal to offer in this area before other countries do.”NFDA President Jim Degnan noted that "Taiwan fastener industry and the U.S. have built a rock-solid relationship based on quality, price, reliability and consistent delivery performance over time. In the future, with customers’demand, the industry will have to make the decarbonization of fasteners as a priority.” In addition, t h e c h a i r m e n o f Ta i w a n a n d Hong Kong fastener associations (including TIFI Chairman TuChin Tsai, HKSFC Chairman Tsui Ping Fai, and TFTA Chairman Josh Chen), whose members at large are focused on export sales, also exclaimed in the interviews that “CBAM is already the top priority of many industry concerns. If companies need to introduce smart manufacturing, upgr ade manufac tur ing proces ses or investment in equipment, they must make good use of the governments’ counseling platforms/ courses and subsidy resources to avoid going in the wrong direction and making futile efforts.” In my opinion, the fastener industries in Asian countries have not been as active as Taiwan in responding to the CBAM issue. In addition, Taiwan is not like the other Southeast Asian countries having signed multi-party FTAs with each other and enjoyed tariff-free or preferential import duty rates. Therefore, it is necessary for Taiwan to find ways to create more room for competition from aspects other than low-cost considerations. Based on the fact that Taiwan is still at

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Special Feature the top of the list in terms of processing technology, machinery, and innovation, and that Taiwan government has already initiated the CBAM counseling program and established smooth communication channels with relevant fastener associations in Europe and the U.S. (e.g., EFDA, NFDA), it will not be difficult for Taiwanese companies to become CBAM's carbon-reducing models in the future, and low-carbon fasteners will become the key to victory for the industry in the int’l arena.

Exhibitors from All Over the World are Flocking Back; Taiwanese Exhibitors Should Seize Opportunities to Draw the Attention As of the end of this October, Fastener World Inc. has participated in as many as 20 domestic and int’l professional tradeshows related to fasteners, hardware and industrial components, among which Fastener Fair Global in March, IFE and Fastener Poland in October, all represented by Fastener World Inc., even saw a total of more than 200 Taiwanese exhibitors in attendance, which continuously creates exposure opportunities for Taiwanese companies in the int’l fastener market. In the past few months, we have noticed several obvious phenomena that are worthwhile for future exhibitors to take as reference indicators.

Enthusiastic Participation of Int’l Exhibitors With the end of the Covid and borders of countries not closed anymore, the numbers of int’l exhibitors at many fairs have shown explosive growth, especially those from China and India, and it is expected that if the market demand could gradually pick up, the willingness of exhibitors from these countries to register will be even more enthusiastic. Take this year's IFE as an example, the number of booths increased by 400 and exhibitors could be roughly divided into three major areas: U.S. local manufacturers/importers/distributors/wholesalers, Taiwanese/Japanese/Korean/Turkish/Other European and American exhibitors, and Chinese/Indian exhibitors. It has been observed that there is a trend for foreign buyers to choose their purchasing targets from these regions. Other more regionally oriented fairs (such as Fastener Poland or Fastener Fair Mexico) are mainly focused on attracting buyers from the country and neighboring countries. Other auto parts and hardware-related exhibitions have more diverse exhibitors and increasing proportion of Chinese exhibitors (accounting for 40-50% of all exhibitors, and even in some cases as much as 60-70%).

The Market is Packed with Countless Competitors and Market Fluctuations are Natural As more and more competitors enter the market, the market share is bound to be divided. This phenomenon will be magnified and emphasized when the economy is bad. However, as the economy is inherently mixed, it may be good last year and bad this year. Under such circumstances, manufacturers should seize any opportunity to gain more exposure for themselves.

The Exchange Rate of NTD is Still Stable, Which is Good for Order Taking With USD being continuously strong, the fluctuation of NTD compared with other currencies showed a slight uptick, but its rate has depreciated recently from 28 NTD:1 USD to 32.5-33 NTD: 1 USD, which can be regarded as an advantage for manufacturers who have received orders at higher rates before and a complementary advantage for exhibitors and their subsequent orders. In addition to the aforementioned observations, some frequent exhibitors at this year's IFE also said that regular exposure at int’l exhibitions definitely helps maintain cooperative relationships with local customers in the U.S., and it is also more likely to pull in more opportunities for new orders. Especially when the number of exhibitors from China and India is increasing, it is even more important not to give orders to others. In fact, the effectiveness of exhibiting mainly depends on if exhibitors can frequently participate, and it is usually not possible to determine whether an exhibition is good or bad right after the exhibition ends. Exhibitors usually need to observe the situation within 4 months after the show, and during this period, they also have to keep contacting any potential customers, in order to maximize the effectiveness of the exhibition. Finally, as the saying goes, "One step at a time. You reap what you sow." Based on our 35 years of experience in global marketing with our publications and participation in tradeshows, as well as our clients' feedback and opinions, we can conclude that if you believe that a trade show or media/publication would be beneficial to your company in expanding the global market, you may want to set up a long-term promotion budget. After all, a good media or a representative trade show with a long history still has its own basic customer effect. There is no such thing as a free lunch, but if you can advertise continuously, it is definitely more effective than publishing once in a while or intermittently. Copyright owned by Fastener World / Article by Gang Hao Chang, Vice Editor-in-Chief

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Industry Focus

Top Taiwanese Enterprises In China and ASEAN ● Displayed in descending order of revenue

8 Fasteners and Related Enterprises out of Top 1,000 Taiwanese Enterprises In China Position in Top 1,000 Ranking

Parent Enterprise

Name

Revenue Revenue (RMB Growth (%) 1,000)

Earnings Before Taxes

Net Value (%)

3.03

229,519

Stainless steel 1,518,688 fastener and wire rod production and sales

Main Business

2023

2022

2021

210

---

242

194

230

Gem-Year Industrial

Gem-Year

2,368,727

-17.57

128,983

4,103,874

Fastener production and sales

312

---

Gem-Safe

Gem-Year

1,877,526

-14.31

2,077

906,969

Fastener sales

616

538

433

Hama Naka Hama Naka Motogawa Metal Shoukin Product (Kunshan) Industry

833,739

-5.00

277,821

1,181,758

Fastener production and sales

626

---

Xiamen Boltec

QST International

813,139

2.17

489,587

707

620

672

Suzhou New Best Wire Tech

New Best Wire Industrial

686,983

-3.65

N/A

770

---

Gem Duo

Gem-Year

596,860

-8.93

-56,650

999

791

793

Chun Yu (Dongguan)Metal Products

Chun Yu

409,970 -14.33

Zhejiang Dongming Tong Ming Stainless Steel Enterprise 2,772,841 Products

N/A

Fastener production and sales Carbon steel and 439,916 alloy steel wire rod production and sales Hardware part and 623,370 fastener production and sales 944,976

237,791

Fastener production and sales

11 Fasteners and Related Enterprises out of Top 1,000 Taiwanese Enterprises In ASEAN Position in Top 1,000 Ranking in 2013

Name

Location

Parent Enterprise

Revenue (TWD 100 Million)

Tycoons Worldwide Group (Thailand) Public

Thailand

Tycoons

79.7

119

Tong Herr Resources Berhad

Malaysia

Tong Ming Enterprise

50.7

150

Chin Well Holdings Bhd

Malaysia

---

33.2

228

Tong Heer Fasteners (Thailand)

Thailand

Tong Ming Enterprise

20.8

365

Homn Reen(Vietnam)

Vietnam

---

11.0

390

Brighton-Best International (AU)

Australia

Ta Chen International

10.0

458

Summit Chugoku Seira

India

QST International

7.4

558

Dura Fasteners

Thailand

Rodex Fasteners

5.1

624

Acku Metal Industries (M)

Malaysia

San Shing Fastech

4.0

676

Thailock Fasteners

Thailand

---

3.5

980

Well Mark Trading

Malaysia

---

1.2

Data Source: Commercial Times -Top 1,000 Taiwanese Enterprises In China 2023； Business Today - Top 1,000 Taiwanese Enterprises In ASEAN 2023 Copyright owned by Fastener World / Compiled by the Editorial Department

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Industry Focus

Mexico’s 25% Tariff Against Fasteners: Implications for Overseas Suppliers Introduction In July, Mexico made headlines in the international trade arena by announcing the imposition of temporary tariffs on 588 non-FTA (Free Trade Agreement) tariff items. Among these items, fasteners, crucial components in various industries, were not exempt from this trade policy shift. Mexico, as one of the largest importers of fasteners in the greater Latin American region, has decided to impose a 25% import tariff on fasteners per kilogram. This tariff is valid until July 2025, sparking concerns and curiosity about its potential impact on overseas fastener suppliers. In this article, we will explore the background of Mexico's tariff imposition, examine the significance of the fastener industry in the Latin American region, and delve into the potential consequences for foreign fastener suppliers.

Understanding Mexico's Tariff Imposition Mexico's decision to impose temporary tariffs on a range of products, including fasteners, is a response to various economic a nd t rade fac tor s. T he g loba l t rade landscape has seen its share of challenges, f rom t rade ten sion s bet we en ma jor economies to economic uncertainties stemming from the ongoing COVID-19 pa ndem ic. I n a n at tempt to protec t and boost domestic industries, Mexico implemented these tariffs. While the tariffs are temporary, set to expire in July 2025, their impact on various sectors, especially the fastener industry, remains a topic of keen interest. a quick look to the statistics shows that, Mexico’s industrial production surged by 4.8 percent over a year in July of 2023, down from an upwardly revised 4.9 percent increase in the previous month and higher than market expectations of a 4.2 percent rise. It marks the twenty-first straight month of industrial growth at a solid pace.

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Mexico's Role in the Latin American Fastener Market Mexico's strategic geographical location and thriving manufacturing industry have made it one of the leading importers of fasteners in the greater Latin American region. The country's automotive, construction, and electronics sectors, among others, rely heavily on fasteners to support their production processes. With a rapidly expanding industrial landscape, Mexico has fostered a robust demand for fasteners. •

Automotive Sector: The automotive industry, in particular, has been a significant driver of fastener demand in Mexico. With numerous international automotive manufacturers operating in the country, Mexico has become a key hub for automotive production in the region. Statistics reveals that, in 2022, the country’s passenger car market recorded an estimated revenue of over 37.2 billion U.S. dollars, triple its 2021 revenue. Demand for new cars remains high in the country: As of June 2023, around 67 percent of consumers intended to purchase a passenger car within the next twelve months, and 63 percent considered car ownership important.

•

Construction Industry: Mexico's construction industry has experienced substantial growth, further fueling the demand for fasteners. Residential, commercial, and infrastructure projects have created a steady market for these essential components. The Mexico construction market size was US$177.8 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The growth of the construction industry in Mexico will be supported by ongoing economic growth and an increase in corporate nearshoring investment and public infrastructure investment.

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Industry Focus •

Manufacturing and Export: Mexico's manufacturing sector has not only served the domestic market but has also acted as a gateway for products destined for export. This manufacturing prowess, in tandem with fastener usage, underscores the importance of the industry within the country. In current U.S. dollars, Mexico manufacturing output for 2022 was US$265.67B, a 15.48% increase from 2021. Mexico manufacturing output for 2021 was US$230.07B, a 21.44% increase from 2020. And, Mexico total exports expanded 3.0 % YoY in Aug 2023, compared with an increase of 3.6 % YoY in the previous month.

Impact on Overseas Fastener Suppliers In the fast-paced world of international trade, Mexico has exhibited promising trends in its fastener industry over the past two years. In 2021, the country traded (import + export) US$3.46 billion fasteners, and in 2022, this figure grew to US$3.91billion. It's anticipated that Mexico's fastener trade will continue on an upward trajectory, reaching an estimated trade value of around US$4.07 billion. These trends indicate a growing or stable industrial sector and competitive domestic production. The imposition of a 25% import tariff on fasteners by Mexico has raised pertinent questions for overseas suppliers. The consequences of this move are multifold and will likely be experienced by both suppliers within Mexico and those operating beyond its borders. •

Competitive Pricing Pressure: Overseas fastener suppliers may face increased pricing pressure as a result of the tariff. With the cost of importing fasteners into Mexico rising, suppliers may need to re-evaluate their pricing strategies to remain competitive in the Mexican market.

•

Supply Chain Optimization: The tariff imposition may incentivize overseas suppliers to consider adjustments in their supply chain strategies. These adjustments could involve exploring new markets, diversifying product offerings, or seeking local partnerships to mitigate the tariff's impact.

•

Regulatory Compliance and Documentation: Exporters will need to ensure compliance with Mexican regulations and accurately complete documentation to navigate the tariff successfully. This can be a complex process and may necessitate changes in administrative and logistical procedures. • Diversif ication of Customer Base: Suppliers heavily reliant on the Mexican market for fastener sales may consider diversifying their customer base. While Mexico remains an important market, reducing dependence on a single market can help offset potential losses. •

Market Research and Intelligence: Staying informed about the evolving market conditions in Mexico is crucial. Keeping a close watch on industry trends, tariff updates, and consumer preferences can help suppliers make informed decisions.

•

Quality and Innovation: To remain competitive, suppliers might focus on offering high-quality fasteners and innovative solutions. By providing value beyond cost, they can maintain their appeal to Mexican customers.

Conclusion Mexico's temporary tariff imposition on fasteners, valid until July 2025, is set to impact both domestic and foreign suppliers. The significance of the fastener industry in Mexico, especially within the automotive and construction sectors, makes it an essential market for overseas suppliers. While the tariff introduces pricing and regulatory challenges, it also encourages suppliers to adapt and innovate in response to changing market conditions. By staying informed, diversifying customer bases, and optimizing supply chains, overseas fastener suppliers can navigate this challenging terrain and continue to thrive in the dynamic Mexican market. The effects of this tariff will undoubtedly be felt, but with strategic planning and adaptability, suppliers can minimize disruptions and continue to participate in Mexico's growing industrial landscape. Copyright owned by Fastener World / Article by Sharareh Shahidi Hamedani

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Industry Focus

Tesla Effect: Introduction In the ever-evolving landscape of global manufacturing, few names shine as brightly as Tesla. The electric vehicle (EV) giant, led by visionary entrepreneur Elon Musk, has consistently pushed the boundaries of what is possible in the automotive industry. From its groundbreaking electric cars to its cutting-edge battery technology, Tesla has revolutionized the way we think about transportation and sustainable energy. Now, Tesla is making headlines once again with its ambitious expansion plans. The company has officially announced the establishment of a Gigafactory in Mexico, a move that promises to have a profound impact not only on Tesla's operations but also on the broader landscape of Mexican manufacturing. Furthermore, in a show of confidence in Mexico's potential, Tesla has invited numerous components suppliers from around the world, including several prominent Taiwanese suppliers, to join them in their Mexican venture.

A Transformative Hub for Electric Vehicles and Batteries

in the world's largest economy, instead of Asia. The so-called "Gigafactory" is set to bring in an estimated US$15 billion over the next two years through Tesla and its suppliers. The plot of land set aside for this colossal

The Infrastructure Imperative Tesla wants energy, water, road, and rail infrastructure built in preparation for its massive Gigafactory in Mexico. The automaker is actively requesting the government to solidify these essential elements before commencing construction. This request is not merely a formality; it's a crucial step in ensuring the seamless operation of the factory. Tesla's commitment to building its US$25,000 car in Mexico is not just about manufacturing: it's about triggering economic growth in the region. Consequently, there is a clear need to invest in vital infrastructure, including roads, schools, health centers, and basic services, as highlighted by Nuevo Leon government officials. The automaker's demands for infrastructure include an electricenergy substation and electric lines to the factory location. These are critical for powering the factory's operations, ensuring a reliable supply of electricity. Additionally, Tesla seeks a railway yard to facilitate the transportation of materials to the factory, an essential element in the production of vehicles.

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Industry Focus Fasteners: The Unsung Heroes of Automotive Manufacturing

Competition: Facing competition from other fastener manufacturers aiming to secure their position in Tesla's supply chain. The "Tesla Effect" and nearshoring trend represent a transformative period for the fastener industry. As manufacturers evolve to meet the needs of electric vehicle production, they also contribute to the revitalization of Mexican manufacturing. The synergy between Tesla, fastener manufacturers, and the broader automotive industry highlights the potential for Mexico to become a hub for innovation, quality, and efficiency.

As the factory gears up for the production of Tesla's affordable electric vehicles, the demand for high-quality fasteners is set to surge. Suppliers specializing in fasteners are poised to play a vital role in supporting Tesla's manufacturing process. Tesla's strict quality standards mean that it will rely on suppliers who can deliver precision fasteners that meet the highest industry benchmarks. This presents an exciting opportunity for fastener manufacturers, both within Mexico and internationally, to become key players in Tesla's supply chain. T he g rowi ng pa r t nersh ip bet ween Tesla a nd fastener manufacturers is not just about quantity; it's about quality. Fasteners used in the production of electric vehicles need to meet stringent performance and durability criteria. Manufacturers who can meet these requirements stand to benefit from the "Tesla Effect" by becoming trusted suppliers in the booming EV industry.

Opportunities and Challenges for Fastener Manufacturers A s t h e a u t o m o t i ve i n d u s t r y e x p e r i e n c e s a renaissance in Mexico, fastener manufacturers are presented with unique opportunities and challenges. The demand for highquality fasteners to support the production of electric vehicles is on the rise, and suppliers that can deliver precision, reliability, and durability are poised to thrive. ■ Opportunities for Fastener Manufacturers: Increased Demand: With Tesla's expansion, there is a growing demand for high-quality fasteners in the automotive industry, presenting a significant business opportunity for manufacturers. Global Supply Chain: The potential to become a part of Tesla's global supply chain, extending business reach and visibility in the international market. Innovation and Collaboration: Collaboration with Tesla and other industry leaders to develop innovative fastening solutions that meet the unique needs of electric vehicle production. ■ Challenges for Fastener Manufacturers: Stringent Quality Standards: Meeting Tesla's stringent quality standards and production requirements, which necessitate precision and consistency in fastener manufacturing. Supply Chain Integration: Aligning production and supply processes with Tesla's manufacturing operations to ensure seamless and efficient delivery.

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The Future of Mexican Manufacturing The "Tesla Effect" is not just about the present; it's a vision of a promising future. As Tesla's Gigafactory in Mexico becomes fully operational and the partnership with fastener suppliers strengthens, we can anticipate a transformative period for Mexican manufacturing. The fastener industry, in particular, is poised to play a pivotal role in supporting the production of electric vehicles, contributing to Mexico's status as a global manufacturing hub. Over the next decade, Mexican manufacturing is expected to experience substantial growth, and the fastener industry is set to be a crucial part of this growth story. As Mexico positions itself as a key player in the global manufacturing landscape, the quality and reliability of fasteners will remain vital in ensuring the safety and performance of electric vehicles.

Conclusion T h e " Te s l a E f f e c t " i s r e s h a p i n g M e x i c a n manufacturing, with Tesla's upcoming Gigafactory promising a massive economic impact. While the spotlight shines on electric vehicles and battery production, fasteners are the unsung heroes of the automotive industry, playing a crucial role in structural integrity and safety. As Tesla's venture in Mexico gains momentum, the demand for high-quality fasteners is set to surge, presenting exciting opportunities for manufacturers. Fastener producers have the chance to become tr usted partners in Tesla's supply chain, but they must meet strict quality standards, align with Tesla's operations, and navigate competition. The collaboration between Tesla and fastener manufacturers defines the future of Mexican manufacturing, where innovation, precision, and safety converge. In conclusion, the "Tesla Effect" underscores the pivotal role of fasteners in Mexican manufacturing's transformation. The synergy between Tesla's ambitions and fastener manufacturers' capabilities promises a bright future. As Mexico emerges as a global manufacturing hub, fastener producers are at the forefront, contributing to innovation and quality while driving the automotive industry's evolution. Sources: https://www.reuters.com/ https://www.france24.com/ https://www.teslarati.com/ Copyright owned by Fastener World / Article by Shervin Shahidi Hamedani

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NEWS

Fastener World News

Association News

Alacero: CBAM May Raise Steel Trade Tensions and Prices in Inevitable Greening Process

CBAM risks heightening tensions in steel trade with Latin America, Alejandro Wagner, executive director of Latin American Steelmakers’ Association (Alacero), said in an interview with S&P Global Commodity Insights. CBAM could further encourage steel imports into Latin America due to trade diversion from other regions impacted by the new environmental barrier, in particular China, Wagner said. The Asian giant has already boosted steel exports to Latin America this year. Steel prices may also rise in some regions, particularly in the EU, as markets become more protected and the costs related to decarbonization and CBAM-related bureaucracies grow. Adaption to CBAM rules may be a challenge, according to Wagner, even though Alacero and worldsteel data shows Latin America’s high percentage of renewable energy in its electricity matrix means its overall carbon emissions in steel are lower than the world average. In Latin America, each metric ton of steel produced emits an average of 1.6 tons of CO2, while the world average is 1.9 mt. Mills in some parts of Latin America could find new export opportunities in Mexico and the US. Mexico’s steel production and demand are growing due to nearshoring projects being undertaken with the US, where steel markets are more competitive, Wagner said.

Industry Development UK Initiates Sunset Review Investigation on Imported Steel Products

On September 4, 2023, UK Trade Remedies Authority issued a notice to initiate a sunset review investigation on certain imported steel products, including non-alloy and other alloy wire rods. On October 1, 2020, upon the application of the UK Secretary of State for International Trade, the UK initiated a transitional safeguard investigation on imported steel products, and on May 21, 2021, the Trade Remedies Investigation Directorate (TRID) of the UK Department for International Trade (DIT) made a final safeguard ruling on the imported steel products.

Carbon Tax Rates in 26 Countries as of March 2023 Looking at the carbon tax rates of 26 countries, the tax can be broken into 3 pricing ranges: over US$100 per ton, US$10 to US$100 per ton, and under US$10 per ton. Uruguay has the highest rate at over US$155, followed by Liechtenstein at about US$130 and Sweden at about US$125. European countries (including Switzerland, France, and Spain) and the UK have rates that largely fall between US$10 and US$100 per ton. Emerging countries like South Africa, Colombia, Chile, Mexico and Argentina, as well as Singapore in Southeast Asia and Japan in Asia, have rates under $10. Ukraine and Poland have the lowest rates at under US$1.

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Turkey Could be One of the Countries Most Hit by CBAM Hurriyet Daily News reported that An ka ra Chamber of Industr y (ASO) Chairman Seyit said that Turkey will probably be one of the countries most hit by CBAM. The chairman said that Turkey cannot afford to miss this green transformation and the delay will be costly. The Cha ir man sa id that f rom an economic point of view, the carbon tax is expected to cost Turkey more than 60 billion dollars by 2040. He said Turkey’s non-participation in the India-Middle EastEurope Corridor (IMEC) program was a loss and emphasized that Turkey had not benefited enough from China’s Belt and Road Initiative (BRI). Easier and cheaper access to the Middle East and European ma rkets by I nd ia a nd Ch i na mea ns increased competition for Turkey in the near future.

Germany’s Supporting Measures Not Ready While CBAM is in Pilot Phase Handelsblatt reported on September 28 that there is still no consensus within the German government as to whether CBAM should be administered by the German Customs Ser vice (under the Federal Minist r y of Fina nce) or t he Ca rbon Emissions Trading Authority (under the Federal Ministry of Economics). Volker Treier, head of foreign trade at the German Chamber of Industry and Commerce, said that affected companies are still trying to understand the complicated rules and to inform foreign exporters of the information they should submit. The situation is confusing because companies have no solutions for their questions. In

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Fastener World News addition, Dirk Jandura, president of BGA, pointed out that importers have to rely on foreign manufacturers to provide information on the carbon footprint of their products, but the information may not be easy to obtain, and even if it is obtained, there is a lack of experts in the field to certify, and there are loopholes in the reliability and validity of the information. On the other hand, although European manufacturers participating in the international market have already received free emission certificates, the number of certificates is not enough to eliminate the cost of CO2 emissions in the entire production process due to the nature of the policy and can only partially reduce such cost. In the future, when CBAM fully replaces the free quota, manufacturers will have to bear the full cost of carbon emissions, which will reduce their international competitiveness. The question of how to compensate companies in order to maintain international competitiveness is still under discussion. The EU plans to ensure the export competitiveness of European companies through international collaboratin and a comprehensive multilateral climate agreement. To this end, German Chancellor Olaf Scholz has promoted the establishment of a “Climate Club” at the G7 summit in the hope of reaching a unified price agreement for carbon dioxide, but it is still far from being achieved. Carsten Rolle of BDI criticized that the implementation of CBAM is imminent, but the EU’s complementary measures to protect companies’ exports are still far from being realized.

India Rolls out Mandatory Quality Norms for Nuts, Bolts, and Fasteners The Indian government has implemented mandatory quality norms for nuts, bolts and fasteners to curb the import of sub-standard goods and boost domestic manufacturing of these products. Items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on July 21. Now, manufacturing, storing and sale of non-BIS certified products are prohibited as per t he BIS Act, 2016. Violation of the provision of the BIS Act can attract imprisonment of up to two years or a fine of at least Rs 2 lakh for the first offence. In case of second and subsequent offences, the fine will increase to a minimum of Rs 5 lakh and extend up to 10 times the value of goods or articles.

Indian Steel Tycoon Advises the Government to Impose Import Tariffs To counter U.S. tariffs and European carbon taxes, Indian billionaire industrialist and steel tycoon Sajjan Jindal is hoping for the government to impose similar taxes

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Fastener World News to level the playing field for Indian companies. “Each region is considering their own protective measures. The U.S. has an import tariff on steel. Europe has the Carbon Border Adjustment Mechanism (CBAM). The European Union is subsidizing or supporting their own industry by providing a lot of money, while companies in other regions are not getting this subsidy support. I hope India will also put up non-tariff barriers or steel import barriers,” Sajjan said in an interview.

Companies Development

Taiwan CSC Successfully Develops 3rd-Generation Advanced High Strength Automotive Steel Under the global trend of energy saving and carbon reduction, major automobile manufacturers are delving into vehicle lightweighting to reduce carbon emissions and increase the endurance of electric vehicles. In response to this trend, Taiwan CSC has successfully developed 980TT, a 3rdgeneration advanced high-strength automotive steel with a tensile strength higher than 980MPa. 980TT surpasses the grade of steel used in nuclear submarines, and has an elongation rate of more than 20%, with a ductility 1.3 times that of the same grade of conventional steel, which effectively solves the problem of difficulty in processing high-strength automotive steels. Taiwan CSC invested in automotive steels 20 years ago, starting from the conventional 270MPa grade steel, and gradually moving towards higher strengths. While the strength of steel and needs to meet the demand for lightweighting increase, the ductility of steel decreases. For example, the 980MPa duplex steel developed by Taiwan CSC in the past could not meet the demand for cold working formability, and therefore the application to car bodies was limited. To solve the contradiction between the strength and cold working formability of automotive steels, Taiwan CSC has successfully mass-produced 980TT which combines ultra-high strength and excellent formability. With the same strength as 980MPa duplex steel, the machinability and formability of 980TT is increased by more than 1.3 times, which can meet the stringent cold-stamping and pressing requirements of automotive structural components. 980TT not only helps lighten bodies of cars and reduce carbon emissions, but also enhances Taiwan CSC’s ability of supplying automotive steels, which will help the domestic automotive parts industry increase competitiveness.

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Fastener World News Chun Yu Could Be Seeing Mild Revenue Recovery in Early 2024 Chun Yu held a conference on September 20, where General Manager Zhou said this year is when Taiwan fastener industry encounters such a prolonged downturn for the first time. He said that Chun Yu’s business may encounter a recession, but that’s as worst as it can get. Next year will turn out better than this year. Customers’ stockpile is going down, so there is a chance of minor recovery for Chun Yu next year. The European and U.S. market demand dropped, and in the first 7 months of 2023, Taiwan’s fastener export weight declined. However, in early August there appeared a slight growth. The market next year will not be worse than 2023. In H1 2023, Chun Yu’s revenue declined mainly due to the poor market demand, but recently the revenue and incoming orders have begun to stabilize. Indonesia is less affected by the recession, and with the continuous launch of local infrastructure projects, the outlook for the second half of the year is expected to be promising. Chun Yu’s Indonesian plant has been always a strong financial momentum for Chun Yu’s overseas investment. Zhou pointed out that Indonesia will become a market of greater opportunities for Chun Yu. The Indonesia plant will receive new investments backed by related expenditure in the future.

Chin Well Holdings Reports Earnings Results for Q4 and Full Year Ended June 30, 20233 For the fourth quarter, the company reported sales were MYR 95.61 million compared to MYR 196.87 million a year ago. Net income was MYR 5.08 million compared to MYR 27.61 million a year ago. Basic earnings per share from continuing operations was MYR 0.0177 compared to MYR 0.0964 a year ago. For the full year, sales was MYR 456.45 million compared to MYR 657.84 million a year ago. Net income were MYR 39.46 million compared to MYR 95.99 million a year ago. Basic earnings per share from continuing operations was MYR 0.1378 compared to MYR 0.335 a year ago.

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Fastener World News JSW Readies for CBAM Era with 4 Mt Green Steel Unit JSW Steel Ltd, India’s second-largest maker of the alloy, plans to establish a green steel manufacturing facility by 2030 as part of its response to the EU’s Carbon Border Adjustment Mechanism (CBAM), said Jayant Acharya, joint managing director and chief executive. “We are looking to set up a lower carbon-emitting facility for steel in the western part of India, subject to board approval. With this, we will be able to provide low-carbon steel for both the international and domestic markets,” Acharya said in an interview. “It will have a capacity of 4 million tonnes (mt), and the plant is to start production by 2030. We are trying to complete it in two parts. We will do phase I (up to 2 mt) just before 2030, and the remaining construction will be going on and may spill over by one or two years.” JSW’s investment for the facility will be in addition to the ₹10,000 crore the company had announced for its green energy transition plans, Acharya added. As part of its expansion plan, the firm plans to increase capacity from the current 28 mt to 50 mt by 2050. The (proposed) green steel unit will be separate from the ₹10,000 crore electric arc furnace plant based on direct reduced iron (DRI) technology. The company is also in the process of adding 8.5 mt within two years to reach a capacity of 37 mt, Acharya said.

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Fastener World News TriMas Announces New President of Its TriMas Aerospace Group TriMas announced the appointment of Vitaliy Rusakov as President of TriMas Aerospace, effective November 13, 2023. He will report directly to TriMas President and Chief Executive Officer Thomas Amato. Rusakov is a proven aerospace industry veteran, with more than 25 years of experience leading global manufacturing businesses in the aerospace, commercial transportation and related sectors. In his most recent role, Rusakov worked at Howmet Aerospace, formerly a division of Arconic and Alcoa, where he served as President of Howmet’s Fastening Systems business. Prior to this role, he held the position of Chief Operating Officer, Engineered Products and Solutions Group at Arconic, where he was responsible for managing the global operations of fasteners, forgings, extrusions and other components, for both aerospace and commercial customers worldwide. Rusakov also held multiple operational and leadership roles of increasing responsibility during his tenure at Alcoa, focused on operational excellence and Lean manufacturing. His career in the fasteners industry began when he joined Fairchild Fasteners’ cont inuous improvement organization, and earlier in his career, Rusakov held consulting roles with Bain & Company. “I am very pleased to welcome Vitaliy Rusakov to the TriMas leadership team, as our new President of TriMas Aerospace,” said Amato. “He has incredible experience and a remarkable track record of fostering growt h a nd en ha ncing per for ma nce within the aerospace industry. We believe his background will be instrumental in propelling t he growt h of Tr iMas Aerospace.”

Albolt Manufacturing Relocates to Rockford 14 Albolt Manufacturing, a producer of specialty fasteners, announced that it has relocated operations from Addison, Illinois, to Rockford. Albolt is now located at 5055 26th Ave. in southeast Rockford. “The new location provides a larger, more efficiently designed facility,” Albolt General Manager Jeremy Rubens said in a news release. “With a larger footprint and more efficiently designed floorplan, Albolt now has greater capacity to produce the unique specialty fasteners that our customers need, more quickly.” Some of the products Albolt produces are specialty hex bolts, sockets, studs, nuts and pins. Albolt has been around that long. The company was founded just last year as a way to meet the increasing demand for high-quality specialty fasteners for use in specific industries.

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Fastener World News Patriot Bolt and Fastener Makes the Inc. 5000, at No. 1716 in 2023 2023 - Inc. revealed that Patriot Bolt and Fastener ranks No. 1716 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — its independent, entrepreneurial businesses. “We owe our success to the amazing efforts of our team. Their dedication to excellence, innovation, and working together has brought us to new levels and made us a leading company in the industry,” said Kris Kolb, Founder and CEO of Patriot Bolt and Fastener. The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate was an astonishing 2,238 percent. This year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

Japanese Yamahiro Completes the Introduction of Automated Inventory Ya m a h i r o ’s a u t o m a t e d warehouse, which it began building last year, was completed at the end of July. The warehouse is currently in trial operation, but the company is working to improve efficiency. In addition to the automated warehouse, the company also introduced new color painting equipment that can be used to paint screws. The warehouse incorporates TOYOTA L&F Rack Sorter B technology and has a capacity of 9,568 buckets. It responds quickly to customers’ shipping needs and sorts products ten times better than conventional systems while reducing the need for labor. Receiving and shipping are managed automatically, which reduces labor time and errors, thereby greatly increasing efficiency.

Intelivation Technologies Expands into New Markets After Success of Golden Isles Pedicle Screw System™ Intelivation Technologies, a medical device company with a cutting-edge orthopedic and spine portfolio announced that it is expanding into new markets with its Golden Isles Pedicle Screw System™. The comprehensive system features multiple options for surgical preferences. President Amit Sinha remarked, “Golden Isles Pedicle Screw System™ has been a tremendous success for Intelivation. The feedback has been overwhelmingly positive, not only from its ease of use due to its simplified instrumentation and modularity but most importantly, the clinical results and feedback have been equally convincing.” Dr. Raymond Topp, of Topp Spine and Orthopedics added, “I have been using both the open and minimally invasive screws in my practice since the launch. I have seen great results with respect to fusion as evidenced on radiographs. The Golden Isles Pedicle Screw System™ modular design enables me to make on-the-spot intraoperative decisions to most efficiently address patients’ clinical needs more than any system I have previously used.” After the early success in the beta launch, Intelivation plans to expand to new geographical markets.

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Fastener World News

Acquisitions

Shrieve Chemical Acquires Gilbert & Jones Shrieve Chemical Company (“Shrieve”), a portfolio company of Gemspring Capital and a leading, value-added chemicals distributor, announced that it has acquired Gilbert & Jones (“G&J”), a premiere distributor of industrial chemicals throughout North America. Based in New Britain, Connecticut, Gilbert & Jones delivers a broad product offering to customers across a range of industries and applications, including aerospace, water treatment, fasteners, automotive, electronics, and other industries. “The Gilbert & Jones acquisition aligns perfectly with our long-term growth strategy and allows us to further diversify our product offerings and expand our reach into new markets. Together, we will capitalize on our collective strengths and capabilities to provide unparalleled service and solutions to our customers. We are excited to welcome the Gilbert & Jones team to the Shrieve family and are looking forward to our combined success,” commented George Fuller, CEO of Shrieve. Gilbert & Jones Founder and CEO, George Gilbert, added, “Joining forces with Shrieve represents an exciting chapter for Gilbert & Jones. We have always been dedicated to delivering high quality products and services to our customers. With the support and resources of Shrieve, the existing G&J team is confident that we can take our long history of exceptional service and innovation to the next level.”

MPE Partners Announces Investment in Mid-States Bolt & Screw Co. MPE Partners announced Oct. 19, 2023 an investment in Mid-States Bolt & Screw Co., a value-added distributor of fasteners and MRO products serving a diverse range of end markets. MPE’s investment positions Mid-States for accelerated growth while supporting the Company as an industry leader, an employer of choice, and a strategic partner for its customers. MPE partnered in the transaction with the Somers family, who founded Mid-States more than 50 years ago. Scott Somers, President of Mid-States, said, “On behalf of my family, we are excited to partner with MPE. Since my father’s founding of the business over 50 years ago, Mid-States has continued to drive success through our dedication to excellent customer service. We are excited to work with the MPE team to maintain this tradition while pursuing the Company’s next phase of growth.” 惠達雜誌 Fastener World no.203/2023

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Graham Schena, Partner at MPE, said, “We are looking forward to partnering with the Somers family and the rest of the Mid-States team to accelerate the Company’s growth through continued customer service and product availability, as well as organic and inorganic geographic expansion.” Nick Stender, Principal at MPE, added, “The Somers family has built Mid-States into a world-class distributor over the past several decades. We look forward to helping Mid-States accelerate its growth while maintaining the culture and tradition of excellence that has made the Company so successful to date.”

OneMonroe Acquires Electronic Fasteners Monroe Engineering has recently completed the acquisition of Electronic Fasteners, Inc. (EFI), a wholesale stocking distributor. From now on, Electronic Fasteners will be known as Monroe EFI. According to a press statement, the combined strength of the two companies is expected to lead to better customer service, expanded product offerings, and deeper supplier partnerships. OneMonroe is an ISO 9001:2015 certified global industrial manufacturing company, offering a broad product line and has a diverse customer base of manufacturers and distributors across several vertical markets. This means the Electronic Fastener team — now Monroe EFI — has expanded access to thousands of additional vendors and products through the nationwide OneMonroe network. The companies will operate much as before, but with the additional advantage of shared knowledge and products to serve the market better. compiled by Fastener World

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American News

NEWS

Compiled by Fastener World

Bader Tells Pac-West: Ask Questions Before Stocking New Product To prevent dead stock from making it hard to bring new items into stock, consultant Jason Bader told the PacificWest Fastener Association, New items are the #1 cause of dead stock, Bader finds. Avoid emotional additions. “It is the emotional side of a salesperson who says, ‘I’ll bet I can sell that.’” The #1 buyer of soon-to-be-unsold inventory? Owners of distributorships, Bader finds. Ask questions before adding new items to the inventory. Who is going to buy it? Who else sells it? Is there a sell-through guarantee? Is the supplier offering any guarantees? “Spend with people who want to back up,” Bader advised. If it is a new product, what is the launch date? What are expected margins? Will this supersede an item? What is the training plan? Before adding a new product to inventory, “you must list more than one customer,” Bader said. And sometimes the purchaser has to say “No.” Bader, of t he Dist r ibut ion Tea m, ha s 3 0 yea r s experience in distribution. He was the 2003 president of the Specialty Tools & Fasteners Distributor Association. Bader demonstrated using gross margin from stock sales (GMROI) and inventory turns to calculate inventory investment. Measure by buyers and product lines in each branch, he said. You need the data to make inventory decisions, he said. One step to reducing dead stock is appointing a dead stock manager who will take a non-emotional response to inventory, Bader suggested. Make it an incentive-based pay position. It could be a part-time job for a retiree. Another step is verbiage. Bader said changes in titles can make a point: From “buyer” or “purchasing agent” to “inventory investor” or “director of investments” can motivate. Also “let software do its job,” Bader added. Distributors are using only 15% of software capability, Bader finds. It isn’t just inventory that costs. “Sometimes we keep customers around that shouldn’t be,” Bader said. “I’m ok with losing a few.” Distributors should develop a “hit list” calculating the number of times a product is purchased. Anything less than four hits a year is a candidate for non-stocking. There is a cost of holding inventory, Bader emphasized. “Every bin location is rentable property.” It is an “opportunity cost.”

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For new suppliers, ask about freight terms, payment, expected margins and liability insurance, goal of low teens in two years?

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A certain amount of dead stock is inevitable, Bader acknowledged. “You are not going to get down to zero. We gamble. Customers change,” he cited as reasons.

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Don’t use “cookie cutter” approaches to stocking in different locations. There are geographic preferences, Bader advised.

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Additional steps in reducing dead stock: Can you return to vendor? Hold customers accountable? Peer networking ... can you help each other out? Charitable contribution? Ultimately, what can a distributor do with dead stock? “Dump it,” Bader declared.

Pac-West Panelists: Relationships Build Companies Four Pacific-West Fastener Association panelists with successful fastener careers credited relationships for company growth. Russ Doran cited an example of how relationships developed in an association pay off. He had a cooling tower customer desperate for specialized fasteners. Through his industry relationships he found a supplier who could “ship by end of week.” “Relationships are invaluable,” Doran said. Beyond supplies, relationships can yield “meaningful ideas,” Doran added. “Relationships = priceless,” Wheeler agreed. He credited his success in business on relationships. He recalled a customer needing a fastener and was having trouble sourcing it. Wheeler happened to be in Taiwan when contacted by the customer. Wheeler turned to the manufacturer he was visiting and had been promoting turnaround time. Wheeler challenged the manufacturer to “prove it to me” and asked him to supply the fastener and airship it to Wheeler’s U.S. customer. Before the end of the week Wheeler was able to contact the customer and announce the shipment was on a plane. “That’s the value of relationships,” Wheeler declared.

American News It is more than customers, employees and suppliers, Andy Cohn said. In addition to executives at the headquarters, Cohn added that your relationships with branches can be important, too. “Listen to reps,” Cohn added. Part of relationships is humans answering phones, Cohn finds. Doran said he had a policy of “always meeting the cold call customer.” Doran cautioned “don’t burn bridges.” A local distributor might lose a customer to a “big business” moving into the territory, but that customer may find out the change to a “jet vs. a school bus” isn’t how they work best. Ron Stanley promoted participating in fastener associations such as Pac-West to develop relationships. Distributors once dealt with nearly all domestic manufacturers such as Bethlehem Steel, RB&W and Camera. But as imports became less expensive, distributors had to buy to be competitive. Cohn noted that the U.S. Fastener Quality Act of the 1990s validated imports because specifications were required of all manufacturers, which equalized imports. Doran recalled growth in imports was partly due to a change from foreign government-owned plants where the fasteners shipped may be “floor sweep” to privately-owned manufacturers meeting standards. •

The panelists emphasized education throughout the company. Stanley encouraged sending employees to Fastener Training Institute programs. Overall, 3% of staff time should be in education, Stanley advised. Wheeler suggested a half-an-hour, once-a-week of “screw school.” Beyond training employees, “You’ll learn who doesn’t want to learn,” Wheeler pointed out. Doran cited a result of education avoids another problem: “We all get a black eye when we have a failure.”

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Doran said that while “cleaning up inventory is the least likable thing to do,” inventory control i s v it a l to t he su c c e s s of a distributorship. Cohn observed that failure to manage inventory means it “goes in the back of the warehouse until you die or sell it.”

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Every company has a culture, Wheeler said. The culture is either “driven from the top or employee-driven.” “You as the leader set the tone and lead by exa mple,” W heeler sa id. Acknowledge that sometimes a customer sets culture, Cohn said.

St a n ley adv i sed look i ng to t he women on your staff for developing capable employees as a source of good employees not developed in previous generations. His comment drew applause at the Pac-West session, which included many women active in the industry. He recalled his wife, banking executive Heidi Stanley, being asked at banking meetings, “What bank is your husband with?” Wheeler: “Look for the employees having trouble with their jobs.” “Work rea l ha rd w ith that i ndiv idua l,” he suggested, but added, “some just have to be fired” in the end. Looking ahead, Stanley said today’s leaders need to be aware future generations will have different value systems than the outgoing boomers. Wheeler, who acknowledged work dom i n at e d h i s ea rly c a re er, recommended establishing a “work / life balance.”

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American News MWFA Panel on Artificial Intelligence: See What Your Partners Are Doing Responsible users of Artificial Intelligence “need to see what partners are doing,” panelist Jason Therrien told the Mid-West Fastener Association. Therrien, of digitalmarketing firm of Thunder::Tech, said his consulting firm has warned clients that “your competitors are jumping at AI.” The panel on Artificial Intelligence was part of the Mid-West Fastener Association’s 2023 FSTNR Week. Therrien observed that “we’ve gone from first mentioning ‘dial up’ through waves of technology. We are just beginning to see the pace at which AI can self-perform.” Think of AI as “efficiency,” Therrien suggested. It is a “tool for the sales team.” “Don’t expect AI to ‘fix’ your business, Therrien said. “You have to have your house in order.” AI understands “dark warehousing,” Therrien said. “AI knows exactly where everything is.” Each “couple minutes” AI saves you “adds up,” he said.

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Lyndon Lattie, inventor of Smartcert and a 20-year fastener sales executive, said artificial intelligence “is more than music for a walk or a shopping list.” “The power of AI is in the data,” Lattie said. An automatic quoting system is an initial business use of AI and “that is exactly what it was built for,” Lattie said. “Use it for what you need it for,” such as many repetitive tasks. He noted “it is largely free.” Just like Alexa, AI “starts to get to know you” by collecting data, Lattie explained. Manufacturers can use AI to monitor machines. AI learns vibrations and can start to tell you, “we think there is a fluid problem,” Lattie said. AI is about “levels of efficiency.” AI can tell you “what is going on in customer data,” Lattie said. “Use the pieces that work for you.”

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Brandi Bertoia of fastener distributor software developer INxSQL, used AI to write her panelist bio. AI “grabbed information from the Internet and compiled to get 80% there.” Don’t ignore AI, she advised. “I don’t think it is avoidable at this point.” AI “isn’t new really,” Bertoia said. It is ‘now getting more attention.” “We’re not replacing jobs,” but automating mundane tasks. “No one wants to enter data all day,” Bertoia said. AI is data that becomes a free tool to make life easier and allow humans to decision making. Bertola advised being aware of suppliers and customers’ AI usage. “Read their privacy policy,” Bertoia emphasized. Not everyone is embracing AI, Bertoia noted. “There are still people who fax.”

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Eric Dudas of Fastener Clearing House noted AI “is moving so fast.” But adding just anything to AI doesn’t help, Dudas said. Avoid adding bad data, which is “garbage in, garbage out,” Dudas emphasized. AI is better with “data scrubbing.” Dudas is already using AI in voice editing for his Fully Threaded Radio podcast. “Look for little slivers of tech you can use,” Dudas advised.

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American News Officially, TamperProof is 40 This Year TamperP roof Screw Company was incorporated 40 years ago in 1983 after George Friedman developed the Phillips Pin-Head security screw. The company had begun functioning in the late 1970’s when fastener veteran Friedman recognized the need for a specialist in stainless steel tamper-resistant screws. With the help of a local machine shop, he began to offer drilled spanner screws and Phillips Pin-Head screws. There are now eight styles of tamper-resistant fasteners: The original Snake Eyes® and Phillips Pin-Heads, plus One-Ways, Torx® Security, Socket Pin-Head, Tai-Wings® and Opsit®, the left-handed thread Tri-Wing screw. Initially sales were by direct mail pr imar ily to institutional end-users such as prisons and schools. In 1981, George's daughter Alaina Picitelli, a former schoolteacher, joi ned Ta mper proof a nd they bega n ma rketi ng to distributors. George's son Lew Friedman left the advertising industry in New York City to join TamperProof in ma rketi ng. George Fr ied ma n d ied i n 2 013. Today principals are president Lew Friedman and VP Alaina Picitelli. In 2011 Alaina's daughter Alessandra became the third generation at TamperProof and her spouse, Rick, joined in 2019. TamperProof now employs 15 and occupies 10,000 square feet in Hicksville, NY – 30 miles east on New York City on Long Island.

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MW Components Acquires Elgin Fastener Group On September 8, 20 23, M W C omponent s, C ha rlot te, NC , USA , closed its acquisition of specialty fastener manufacturer Elgin Fastener Group, Wheeling, IL, USA. The acquisition expands MW Components' existing USA-based manufacturing locations to provide fasteners and metal components for global distribution. The combined company will offer a comprehensive set of specialty fasteners including nuts, bolts, rivets, screws and more, along with an extensive catalog of in-stock components.

Rotor Clip Wins GM Supplier Excellence Award Rotor Clip has been awarded the 2022 General Motors (GM) Supplier Quality Excellence Award (SQEA). This accolade is a testament to Rotor Clip’s unwavering commitment to delivering quality products and services to General Motors. The GM Supplier Quality Excellence Award is granted to suppliers who have demonstrated exceptional performance and adherence to stringent quality standards throughout the year. Rotor Clip’s manufacturing site not only met but exceeded these rigorous criteria, earning this recognition. As a recipient of this award, Rotor Clip joins GM’s top-performing supplier manufacturing locations. This achievement shows the dedication to delivering ‘Quality at Volume’ to GM Manufacturing Plants.

American News Obituary: Marc O. Strandquist 1962 – 2023 Ma rc O. St ra ndqu ist, Jackson, TN, USA, formerly of Rock ford, I L , USA, passed away August 31, 2023. He was born June 5, 1962, i n Wu r zbu rg, G er m a ny, and is the son of Jack D. St ra ndqu i st a nd Joha na Rhineline. Marc is survived b y w i f e , Vo n d a ; t h r e e children, Erica Strandquist, A.J. Strandquist and Thomas (Alyssa) Strandquist; grandchildren, Walter and Oliver; mother, Johana; siblings, Kyle (Kris Curtiss) Strandquist and Mike (Mary Ellen) Strandquist; sisters-in-law and brothers-inlaw; many nieces/nephews and was predeceased by his father. Marc was a graduate of Guilford High School in 1980 and Southern Illinois University with a Bachelor’s Degree in 1984. He was a Veteran of the U.S. Army as an Army officer with 10 years in the National Guard and Army Reserves serving in Operation Desert Storm at Ft. Benning, GA, USA, and retired as Captain. Marc married Vonda R. Bridges on July 26, 1986. Together they celebrated 37 years. He was CEO of two large global fastener organizations, Wurth Industry of North America (US$850 million in sales) and Optimas Solutions (US$650 million in sales). Marc was in the fastener industry for 37 years in various roles; both distribution and manufacturing. He was President of the NFDA. Marc loved mentoring people and helping them develop in their careers.

SPIROL Expands Fastener Equipment Line SPIROL announces expansion of its fastener installation equipment line by introducing the new Model C P P neu matic Compression Limiter Installation Machine. The Model CP can install one compression limiter into one assembly or simultaneously install multiple limiters into several different assemblies at the same or different heights. The Model CP Pneumatic Compression Limiter Installation Machine can be easily adapted to a variety of applications through the use of quick-change tooling that enables the operator to reconfigure the machine to the desired platform within a matter of seconds. Easy to use and built to last, while the base machine offers reliable installation of compression limiters into plastic assemblies, the Model CP can be upgraded for heightened inspection and error-proofing with the addition of optional enhancements including HMI (Human Machine Interface), vision sensing, fixture identification, force monitoring, machine table and more. This new offering complements SPIROL’s Model CM Manual Compression Limiter Installation and the larger Model CL and extra-large Model CLX Installation Machines. SPIROL is a leading expert in fastening, joining and assembly.

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American News

Optimas Announces Plan to Develop Fastener Manufacturing Facility in Mexico Optimas Solutions, Wood Dale, IL, USA, a global industrial manufacturer/ distributor and service provider, will open a cold form manufacturing plant in Monterrey, Mexico in the second half of 2024. The Mexico production center will complement world-class fastener manufacturing facilities in Wood Dale and Droitwich Spa in the United Kingdom and continue the company’s near-shoring efforts to minimize supply chain risk. “More than ever, resource availability has given way to accessibility in the form of regionalization," said Daniel Harms, CEO of Americas. "Our expanding localization strategy enables us to be more agile with our manufacturing and sourcing capabilities for industrial customers and suppliers.” “We took great care to design our Mexico facility to mirror our capabilities at our manufacturing operations in Wood Dale so they can effectively play off each other. This ensures customers and suppliers have access to the same engineering, tooling, manufacturing and quality processes regardless of where we produce the fasteners,” said Ricardo Alonzo Rodríguez, Vice President and General Manager of Optimas in México. Optimas Solutions is one of only a few companies with in-house cold forming in the US, UK, and now, México, which complements global distribution for fasteners and C-Class parts procurement. By working with a full-service distributor that is also a manufacturer, industrial producers can take advantage of multiple procurement paths and be supported by automated replenishment services, predictive analytics, engineering creativity, a certified quality management system and existing carrier relationships that ensure reliable delivery.

Spirol International Marking 75th Year Originally the Connecticut Engineering & Manufacturing Company, the fastener manufacturer now has 15,000 global customers, with locations on four continents. Starting with one product - the coiled spring pin - Spirol now manufactures 12 product lines and produces two billion components annually. Spirol was founded by Herman Koehl, Walther Von Conta and Hans Prym. Hans Koehl, the son of Herman Koehl, started with Spirol in 1959. He retired as CEO in 2004 and continues as chairman of Spirol Holding Corporation. His son, Jeffrey Koehl, is today’s CEO. Hans Koehl said increased use of plastics and the electrification of products “has had a profound effect on our business” and Spirol has “done a great job at recognizing when to develop products to meet new requirements and address the change in the market before they become mainstream.” Spiral created and standardized a compression limiter product line for bolted joint integrity of plastic assemblies. Spiral has reinvested in the business in multiple ways, such as acquiring Ford Aerospace of the UK. “Unlike our other product lines, Precision Shims is a tough product to take globally because each Shim is custom-made for a particular application,” Koehl said. “The opportunity arose for Spirol to acquire Ford Aerospace that would enable us to produce shims locally for the UK and European market spaces.” Provided by John Wolz, Editor of FIN (globalfastenernews.com) Mike McNulty, FTI VP & Editor (www.fastenertech.com)

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NEWS

European News Compiled by Fastener World

Celebrating 40 Years of Clamping Craftsmanship Italian industrial clamp innovator, Clamp Srl, is celebrating its 40th anniversary after four decades of excellence in the European industrial clamp market. Clamp Srl has made remarkable strides during this time in manufacturing and engineering, earning a welldeserved reputation for quality and reliability, innovation and craftsmanship. “Since our 1983 inception, we have been at the forefront of technological advancements, consistently pushing bounda r ies and revolutionising va r ious sectors,” stated the company proudly. “From precision engineering to sophisticated manufacturing processes, we have displayed our exper tise across diverse industries, including automotive, aerospace, and energy. By consistently embracing innovative technologies and fostering a culture of creativity, we have not only stayed relevant, but have thrived as a leader in a competitive market.” One of the cornerstones of Clamp Srl’s success has been its unwavering commitment to delivering superior quality products and exceptional customer ser vice. T h roughout its 40 yea r jour ney, it has prioritised customer satisfaction, tailoring its solutions to meet specific requirements. This customer-centric approach has cultivated strong relationships with clients throughout Italy and Europe, earning their trust and loyalty. “As we celebrate our remarkable 40 year milestone, the team is setting its sights on the f uture with confidence. Together with Tridon Europe and Ideal Tridon Group, the company remains dedicated to innovation, service and continuing to exceed customer expectations,” concluded Clamp Srl.

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PEM® Europe Announces Distribution Partnership with Rivit PEM® Europe, a leading provider of self-clinching fasteners and precision engineered components, has announced a new distribution partnership with Rivit S.rl, which will enable the Italian distributor to offer PEM® Europe’s range of self-clinching fasteners and Haeger® insertion presses to its customers throughout Italy. Mary Ann Fleming, president at PEM® Europe, commented: “We are excited to announce Rivit as an authorised distributor and bring our range of PEM® selfclinching fasteners and Haeger® machines to a wider audience throughout Europe.” Gerard Quaid, vice-president of sales and marketing EMEA at PEM® Europe, added: “Rivit’s extensive experience in the distribution of fasteners and industrial supplies, combined with our precision engineered products, will provide customers with the fastening solutions they need to succeed.” PEM® self-clinching fasteners provide a reliable and costeffective solution for attaching components to thin sheets of metal and other materials, including PC boards. They are widely used in the automotive electronics, consumer electronics, medical, and telecom industries. Haeger® insertion presses provide automated and high-speed insertion of PEM® fasteners, making them ideal for high volume production environments. “We are thrilled to partner with PEM® and offer their range of self-clinching fasteners and Haeger® insertion presses to our customers,” said Francesco Montanari, assistant director at Rivit. “We believe that this partnership will enhance our offering and help us better serve our customers’ needs.” Rivit has been serving the European market for over 40 years and is committed to offering its customers the best products and services. Rivit believes this partnership with PEM® Europe reinforces that commitment and ensures the company continues providing customers with a reliable and efficient solution for their fastening needs.

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European News shorter delivery times during the second quarter led to a normalisation in the procurement market.

Bossard: Market Slowdown with Varying Demand Dynamics Bossard Group has reported that the first half of 2023 was marked by a heterogeneous development in demand in its three market regions. Gratifying growth in America contrasted with the economic slowdown in Europe and in Asia, especially in China. Overall, Bossard’s sales, as well as EBIT and net income, fell slightly compared to last year’s records. Bossard’s sales in the first half of 2023 declined by 1.5% to CHF 577 million (prior year: CHF 586 million), while growth in local currency was 3.1%. Organic growth amounted to 1.2%. Net income fell by 16.7% to CHF 49.9 million (prior year: CHF 59.9 million). The challenges for Bossard have shifted in the last six months. With the lifting of the strict Covid-19 restrictions in China, demand started to normalise in the consumer goods and electronics industries, as well as in medical technology – the industry sectors that benefited from the pandemic. At the same time, decreasing demand and

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In Europe, Bossard recorded a decrease in sales of 3.2% (in local currency: +0.4%) to CHF 321.2 million (prior year: CHF 331.7 million). This result is the consequence of the economic slowdown and normalisation of demand. In an environment marked by a shortage of skilled labour and inflation, Bossard’s Smart Factory services drew even more attention from customers. In America, Bossard again posted solid and broad-based growth in the first half of the year, although it began to slow down towards the end of that period. Sales increased by 9.9% (in local currency: +13.8%) to CHF 161.6 million. Organic growth in local currency amounted to 6.4%. The Group’s expertise in the electromobility sector, built up over the last several years, has led to further expansion of its customer base. Owing to the uncertain economic environment, geopolitical tensions, and increasing trade conflicts, Bossard believes the outlook for the rest of the year remains marked by uncertainty and risk. Based on observations of current developments, Bossard expects moderate economic demand in the second half of 2023. This expectation is also based on its customers’ continued inventory reductions and, in a best-case scenario, stable purchase prices. Notwithstanding the above, the consistent implementation of Strategy 200 in the first half of the year has further improved conditions for sustainable, profitable growth and Bossard views the future with optimism.

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European News Bodegraven Metaal Opens Bomet UK Belgian manufacturer of threaded rods, Bodegraven Metaal, has opened a new entity, Bomet UK, in the west Midlands, to supply threaded bar to UK customers in a move to overcome the challenges, beauracracy and costs associated with BREXIT’s impact on its business. The Belgian company had a previous UK production unit in Willenhall, which it closed in 2007. “Since BREXIT, transport costs to the UK have risen enormously,” states Bodegraven Metaal “Due to the extra import and export charges, but also due to the disappearance of many transporters who, because of known startup problems, chose not to ship to the UK anymore.”Due to these challenges Bodegraven Metaal decided to set up Bomet UK and ship its threaded rods (DIN976-1), which is only 60° thread angle, directly to the UK subsidiary, which means that customers can now buy their studding from an English supplier, saving them a lot of time and cost. “Bomet UK was actually opened earlier this year, but is now ready to meet the sector’s demands from its new branch in the West Midlands,” explains Bodegraven Metaal. “We have also invested in new cutting machines in Belgium, which means that special lengths can be delivered quickly and inexpensively to the company’s warehouse in Birmingham.” Bomet UK works together with Paul Ponsonby Warehouse, located on the M6 north of Birmingham to handle orders.

Würth Group Continues to Grow Despite Economic Slowdown Würth Group remains on course for growth, albeit at a much slower pace than in the previous two years, with the company reporting sales of €10.5 billion in the first half of 2023, which corresponds to an increase of 5.9% compared to the same period last year. Adjusted for currencies, this is equivalent to 6.6%. For the first half of 2023 the operating result of Würth Group amounted to €680 million, which is slightly below the same period last year (2022: €720 million). Apart from higher personnel expenses, this development is due to increased costs for mobility and maintenance, as well as the ongoing price pressure. Robert Friedmann, chairman of the central management board of Würth Group commented: “After two years of record sales and operating result, the economic slowdown is becoming apparent.” However, after almost three years of the Covid-19 pandemic and related supply chain problems, the supply situation is improving for the Group. Although, at the same time, interest rates remain at a high level, which, in turn, hampers the demand in the construction industry. Geopolitical challenges such as the smouldering conflict between China, Taiwan and the USA, as well as the war in Ukraine, and the associated high energy prices, has influenced the economic growth in Germany. “Against this backdrop, we are very satisfied with the development in the first half of 2023,” emphasised Robert. The companies of the Würth Group in Germany generated sales of €4.2 billion and, with almost double-digit growth (+9.6%), reported a positive development overall. Well established companies of the Würth Group, such as Würth Industrie Service, tool distributor

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European News HAHN+KOLB and electrical wholesaler FEGA & Schmitt have made a decisive contribution to this successful result, which was achieved without acquisitions. Adolf Würth GmbH & Co KG, the largest individual company in the Würth Group, generated sales of €1.5 billion including intra-Group sales. The Würth Group companies abroad generated sales of €6.3 billion, which was a 3.5% growth compared to the same period in 2022. Growth drivers were the companies in southern and eastern Europe. Whilst it is difficult to predict how the many conflict hotspots and their consequences, such as high energy prices, will affect Würth Group, Robert Friedmann was still optimistic about opportunities within the market. “On a positive note, the transport markets have clearly recovered and the Covid-19 pandemic is not as prevalent as before. In general, it can be said that supply chains have stabilised significantly again, which means that availability has almost reached the pre-crisis level. Procurement prices, which are still well above the pre-crisis level, however remain problematic. Provided conditions do not deteriorate drastically, we expect mid-single-digit sales growth and a slight decline in operating result.”

SFS Achieves Constant Development SFS Group reported sales of CHF 1.58 billion (€1.65 billion) for the first half of 2023, along with a renewed strong sales growth of 29.2% - driven by the inclusion of Hoffmann. At CHF 189.9 million, operating profit (EBIT) rose by 16.6% year-on-year. While SFS Group benefited from opportunities arising from its broad positioning across different end markets and regions, it still felt the impact of challenging regional and global developments. Business in the first half of 2023 clearly ref lects this by a mixed performance and effects from de-stocking. Consolidation ef fects led to growt h of 32.7%, stemming from the inclusion of Hoffmann as of 1st May 2022. Currency effects reduced sales growth by -4.3%. On a like-for-like basis, a slight organic growth of 0.8% was achieved. Profitability was impacted by a mixture of factors, uneven capacity utilisation f rom new progra m me ‘ra mp ups’ and partially increased cost basis. The Distribution & Logistics segment developed positively and contributed significantly to the increase in operating profit. To guarantee a strong customer focus and better leverage cross-selling potentials, as well as both operational and applicationoriented synergies, the current Automotive and Industrial divisions are being complemented with the respective end market specif ic business areas of the Riveting division. This change will be implemented within the organization as of 1st January 2024. The growth and profitability targets of the EC and FS segments will remain unchanged. Looking forward, SFS Group has updated its outlook on the 2023 financial year and expects sales of between CHF 3.1 billion and CHF 3.3 billion, including the first time consolidation of Hoffmann for the full year. This corresponds to an expected sales growth on a like-for-like basis along the mid-term guidance of 3% – 6%. For the SFS Group as a whole, an EBIT margin of around 12% is expected, at the lower end of the midterm guidance of 12% – 15%. The outlook is based on the assumption that there will be no significant deterioration in the underlying economic conditions or geopolitical, energy or pandemic-related restrictions.

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European News A New Chapter Begins for Bülte After 10 years with the company, working alongside her father Stefan Bülte, Fanny Bülte has officially taken over the reins of Bülte Group. Bülte Group has been a family business since it was founded in 1956 by Norbert Bülte – who, after 8 years’ experience in the polyamide parts industry, decided to set up his own assembly parts and fasteners company, with offices in Lüdinghausen, in North Rhine-Westphalia, Germany. In collaboration with companies in the sector, and specialists, Norbert Bülte invented the Bülte polyamide safety/sealing washer. In 1979, he was joined by his son, Stefan Bülte, who contributed to the company’s international development and set up Bülte Plastiques in France in 1986. In 2013, Fanny Bülte, granddaughter of the founder and daughter of the CEO, joined the family business and modernised its working and marketing methods. In particular, Fanny was behind the digitisation of processes and the communication strategy. Now the head of the company, following her father’s retirement, Fanny Bülte is determined to preserve the family heritage and perpetuate the values and expertise that have been the company’s strength for almost 70 years. The company will also continue to preserve its culture of customer proximity, thanks to its team of international experts. Fanny concludes: “We will continue the family culture of the company, while remaining attentive to the environmental and social challenges of production, such as the climate emergency; the rational consumption of raw materials; the decarbonisation of the industry; and the need for more responsible management and governance.”

Bulten Reports Record Demand Bulten Group has reported net sales amounted to SEK 1.41 billion (€118.4 million) for Q2 of 2023, an increase of 40.8% on the same period the previous year (Q2 of 2022: SEK 1.006 billion). Adjusted operating earnings totalled SEK 58 million, equating to an adjusted operating margin of 4%. Bulten highlights that its operating earnings have been charged with transaction costs of SEK8 million – attributable to the acquisition of Exim & Mfr Holdings Pte Ltd. The corresponding quarter of the previous year was adjusted by approximately SEK10 million, related to winding-up costs for Bulten’s operation in Russia. Net sales for the period January to June 2023 reached SEK 2.8 billion (€235.1 million), an increase of 37.4% on the same half year period in 2022. Adjusted operating earnings totalled SEK 174 million (€123 million) in H1 of 2023, equating to an adjusted operating margin of 6.2% compared to the previous half year (2022: SEK 123 million). “Demand has been strong over the past quarter. High sales volumes combined with the product mix, however, forced extraordinary measures that had a negative impact on operating profit. Shortly after the end of the quarter we signed an agreement to acquire a Singapore-based Exim, which will provide a good platform for Bulten to grow in new sectors,” reported Anders Nyström, president and CEO at Bulten Group. News provided by: Fastener + Fixing Magazine / www.fastenerandﬁxing.com

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NEWS

Compiled by Fastener World Brazilian News

Sun and Wind: Promising Fasteners Business Sources Different from countries in the Northern hemisphere, during August the trade exhibitions did not stop in Brazil. So much so that Intersolar South America was held in August 2023. As is already known, Brazil has high levels of solar radiation, which turns it into a promising place to obtain infinite benefits from solar energy units from any places in this country. The recent Intersolar show had 530 exhibitors – who were providers of infrastructure, equipment, and services- and around 50 thousand visitors inside the event. However, the main obstacles to the progress in that sector are high equipment cost from government taxes, as well as regulatory uncertainties, according to some exhibitors. Still, according to the Ministry of Mines and Energy (MME) Q2 report, the solar energy has a share of 3.9% (33.5 GW) within the total installed capacity to generate electrical energy in Brazil. Soon after the Intersolar show was Brazil Wind Power (BWP) which opened its doors and welcomed wind-power related visitors. With more than 100 exhibitors and 6.5 thousand visitors, the BWP show was a event only smaller than the solar show.

The Total Installed Capacity to Generate Electrical Energy in Brazil

￭ HYDRO ￭ WIND ￭ SOLAR ￭ BIOMASS ￭ NON RENEWABLE (fossil) ￭ NUCLEAR

Brazilian Fastener Market Landscape Up to Q3 Analyzing the period from Q1 to Q3 in 2023, the Brazilian economic landscape has indicated a trend of decreased industrial production (-1.3%), and there are no big signs of impressive changes until the end of December. However, the estimated annual GDP increase are above 3%, pulled mainly by oil, gas, and iron mineral extractive activities with an 8.9% rise, and agribusiness up 17.9%. In several industrial sectors, some of them, such as domestic production of automobiles and motorcycles, have a stronger impact or serve as a reference for estimating the impact over fastener companies.

However, in the show the most important topic was the expansion to operations offshore, which is about to be released by MME, involving a task force to unlock restrictions, and release several offshore wind energy generation projects (at sea). The expectation is that 78 new projects on standby will be approved for a new legal framework to proceed immediately. Among them are giants such as BP, Shell and Equinor. Currently, the capacity installed in Brazil are 26 GW, divided among 916 wind farms, and 10,178 wind turbines, according to ABEEólica (www.abeeolica.org.br), the local sector association. With the expected successful release, the current capacity can be doubled soon and a lot of fasteners will be in demand.

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•

Motorcycle: The production closed Q3 cumulating to 1,191,673 units, 12.24% higher than 1,061,643 units from the same period in 2022.

•

Automotive: Overall, the 2023 cumulated production is 1,750,827 units, practically equal to 1,752,632 units in Q1 - Q3 2022. In the same period, passenger cars and light vehicles production was 1,663,707 units, 2.96% higher than 1,615,863 units in Q1 - Q3 2022.

Trucks and buses production is facing a “hangover” after a bad result in the same period of 2022. Comparing the production in Q1 - Q3 in 2022 and 2023, trucks had 116,675 units versus 71,765 units, down 38.4%; while buses had 23,824 units versus 15,355 units, down 35.5%.

BRAZILIAN AUTOMOTIVE PRODUCTION Q1 - Q3 (2022 -2023)

Segments

Q1-Q3 2022

Q1-Q3 2023

Variation

Passenger cars and light vehicles

1,615,863

1,663,707

2.96%

Trucks

116,675

71,765

-38.4%

Buses

23,824

15,355

-35.5%

Motorcycles

1,061,643

1,191,673

12.24%

Sources: www.agenciadenoticias.ibge.gov.br / www.anfavea.com.br / www.abraciclo.com.br

IMPORT

EXPORT

Brazilian News US$ million

Tons

135.77(Q1-Q3 2022) 131.57(Q1-Q3 2023)

29,373.09 23,111.26

US$ million

Tons

799.09(Q1-Q3 2022) 751.23(Q1-Q3 2023)

156,581.6 143,032.1

Prices (US$ FOB / Kg)

4.62 5.69

Prices (US$ FOB / Kg)

5.1 5.25

Fastener Market Q3: Imports Vs. Exports

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

C ompa r i son bet ween 2 0 2 2 a nd 2 0 2 3 show s l it t le differences. During the last three 3 quarters in 2022 and 2023, the fastener inputs and outputs through the Brazilian harbors have shown a drop, but moderate. •

•

Expor t: In Q1 to Q3 2023, the export value of Brazilian fasteners was US$ 131.57 million versus US 135.77 million in the same period of 2022, a fall of 3.09%. The export volume was 23,111.26 tons versus 29,373.09 tons in 2022, down 21.31%. Respectively, the FOB price per kg was US$ 5.69 versus US$ 4.62. Import: The fastener import value in Brazil was US$ 751.23 million versus US 799.09 million in the same period of 2022, down 5.99%. The import volume was 143,032.1 tons versus 156,581.6 tons, down 8.65%. The FOB price per kg was US$ 5.25 versus US$ 5.1.

Peter Manfred Zwez Passed Away "Mr. Peter Manfred Zwez (Aug. 05, 1938 - Oct. 01, 2023) developed the company ZWEZ-CHEMIE GmbH in Lindlar, Germany, into one of the leading suppliers of metal surface coatings, especially for cold forming, through his tireless and passionate commitment. He also successfully founded ZW EZ Quimica do Brasil Ltd. (Brazil) and ZWEZ Surface Products Pvt. Ltd. (India). In recognition of his extraordinary achievements, we will always honor his memory and continue to work in his spirit. Our deepest sympathy goes to his family, especially to his wife and children", as written on the company’s website, by the advisory board and the staff from Zwez. A few years ago, Peter took Brazil as his new home, in Pomerode Town, Santa Catarina State. He left us at 5:35 am of October 01, as informed by a local hospital. T he photo wa s t a ken by Rev i st a do Pa ra f u so’s photographer, during Peter’s lecture in Senafor (The International Forging Conference, Brazil), in October 2009.

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Industry Focus

CBAM has entered the pilot phase this October. The affected business owners are required to prepare carbon emission data for Q4 calculating from October 1 onwards. This transition period doesn’t require the owners to pay for the amount of carbon emission exceeding the quota. The first year of the pilot phase allows the owners to use in their submitted data the default value or verification regulations applicable to the manufacturing countries. CBAM comes into force starting 2026, and from then on, products exceeding EU’s carbon emission threshold and entering the EU market will be subject to a carbon tax. According to the Commission, EU importers of affected products must submit data on the greenhouse gases generated from the entire manufacturing process. The first report will have to be submitted by January 31 next year on a quarterly submission basis. From October 1, an online registration platform which EU sets up for the transition period goes live, through which the importers can make calculations and write emission reports. The Commission will provide detailed guidelines, instructions, and online training resources. Taiwan exports up to 75% of its fastener production and in 2022 it translated to NTD 200 billion export value, of which 25% was exported to Europe. Taiwan Ministry of Economic Affairs (MOEA) estimates as many as 3,500 manufacturers and traders in Taiwan to take the impact of CBAM, and one of the potentially affected groups is the fastener industry having a total of about 1,860 fastener companies. Fastener owners prioritizing their export target to Europe will bear the brunt. The American and European fastener owners along with a few in Japan have gone ahead collecting data and implementing measures for cardon reduction. So how much have they deducted from their carbon emission? What measures did they take that have been verified to be of reference to us? What are their carbon reduction targets? Referencing their experience, this article aims to help readers get into the basics of carbon emission data and encourage business owners to think up ways to reduce carbon. ● This article will narrow down to two topics— carbon emission statistics and carbon reduction measures. For the former topic, I will select American, European, Japanese and Indian listed companies with weight in the fastener industry, and extract carbon emission data from their ESG reports into separate tables to help readers understand their respective carbon emission volume and target setting. These tables include Scope 1 (direct emission from a company’s own manufacturing process, facilities and use of transportation vehicles), Scope 2 (indirect emission from a company's purchased energy sources),

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Fastener World Exclusive!

Global Fastener Leaders, Their Carbon Reduction Volume and Progress Scope 3 (all indirect emission from a company throughout the external supply chain, including the emission from business trips and within product lifecycles), as well as the sum of carbon emission. For the latter topic, I will lay out their respective carbon reduction measures. The common ones include producing green power, planting trees, installing solar panels, and I will repeat those here. Rather, ways that are unique to their characteristics will be picked out for readers to brainstorm and encourage discussion for more creative solutions.

USA ＼ Ground-breaking ！／

■ Fastener Distribution Provider The Fastenal Way： Fastenal Emission Unit: Metric Ton 2021 CO2e Scope 1 132,030 Scope 2 51,117 Sum 183,147

2022

Change (%)

Target

137,410 50,182 187,592

+4.0 -1.8 +2.4

Scope 2 carbon intensity down 5% by 2025. Net zero emission by 2050.

• Using geographic information systems (GIS) to map out the most efficient truck routes. Analyzing departure and arrival schedules to minimize delays caused by traffic in metro areas. • Optimizing load configuration to minimize non-utilized capacity. • Back-hauling freight from suppliers and also customers through thirdparty logistics service to minimize one-way or “deadhead” loads. • Using telematics to monitor speed and, in turn, improve fuel efficiency as well as safety. • Operating a RAM half-ton pickup that was fully converted from an internal combustion engine to electric power. Continuing to test and convert vehicles. • High-density automated storage and retrieval systems (ASRS) equipped with conveyors and robotic cranes to increase throughput while optimizing space in distribution centers. • Rolling out “sharing space”. Using available space within the customer’s facilities to provide dedicated staff and inventory for their operations. Consuming minimal additional energy and producing fewer additional emissions. • Discontinuing the use of plastic shopping bags in public branches. Offering reusable tote bags or paper bags as alternatives.

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Industry Focus

＼ Creative R&D capability ！／

■ World’s 3rd Largest Aluminum Manufacturer The Alcoa Way: Alcoa Emission Unit: Metric Ton CO2e

2018

Scope 1

17,500,000

17,700,000 18,500,000 17,400,000 16,800,000

-3.4

Scope 2

6,700,000

6,600,000

4,000,000

-9.0

24,200,000 24,300,000 23,900,000 21,800,000 20,800,000

-4.5

Sum

2019

2020

2021

5,400,000

2022

4,400,000

• Rolling out ELYSIS™ to eliminate GHGs generated in the traditional smelting process and emit pure oxygen. Available from 2024 with commercial metal available approximately two years later. • Rolling out EcoLum™ aluminum, including wire rods, non-alloy high purity aluminum and P1020 aluminum. Three times lower carbon intensity than the industry average. • Rolling out the world’s one and only EcoSource™ Aluminum oxide with carbon intensity below the global industry average.

2022/2021 Change (%)

Target Net zero by 2050. Scope 1 and 2 emission down 30% by 2025. Down 50% by 2030 (compared to 2015).

• Rolling out EcoDura™ aluminum containing 50% recycled materials. • Currently, there is no technology available to process postconsumer scrap into a quality comparable with primary aluminum. To address this gap, Alcoa is developing ASTRAEA™ to extract aluminum from non-ferrous metal alloys and turn millions of tons of scrap waste into high purity aluminum, which can be applied to the EV, aerospace and defense industries.

■ Precision Engineering Product (Fasteners and Parts) Manufacturer The TriMas Way: TriMas Emission Unit: Metric Ton CO2e

2019

2020

2021

2022

2022/2021 Change (%)

Target

Scope1+ 2

86,493

85,293

83,023

82,096

-1.1

Scope 2 emission estimated to decrease 92.7 tons CO2e by 2023.

• Natural gas is the preferred fuel source and is used wherever practical. • Low-NOx combustion technology is considered when acquiring new equipment. TriMas Aerospace facilities use regenerative thermal oxidation technology to reduce VOC emissions from its surface coating operations by more than 95%. • Replacing existing lighting with LED lighting. • Converting TriMas Packaging injection molding machines to a “zero waste” process, in which the excess plastic from the mold runner is returned to the material feed system.

• Using 3-D printing to produce applicable tooling components rather than the conventional machining method, eliminating the waste removed from the feedstock. • Converting to reusable containers for transporting products to customers rather than single-use cardboard boxes. • Reducing energy consumption by establishing machine idling and leak tracking programs and processes. Lowering temperatures of certain processes. • Training employees on energy-saving behaviors and sharing best practices across the organization.

■ Industrial Product (Fasteners Included) Distributor The MSC Way: MSC Industrial Supply Emission Unit: Metric Ton CO2e

2021

Scope 1 + 2

14,468

• In the past six years, MSC saved 700,000 hours of machine hours, equivalent to more than 100 million kilowatt hours. • Helping customers reduce consumption by approximately 1.8 million product units and reduced packaging waste by more than 300 million cubic inches of waste, equivalent of filling nine blimps. • Recycling 3,320 pounds of corrugated cardboard, paper, plastic, glass, e-waste, scrap, metal and pallets, as well as more than 76,000 pounds of computers, printers, fax machines and phones. • Rolling out vending recycling program. Refurbishing and shipping 587 vending units.

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Industry Focus Further Reading: Dive into MSC’s ESG Council Formed in 2021 • The council is led by Steering Sponsors, Executive Vice President & Chief Financial Officer, and General Counsel & Corporate Secretary. • The council is composed of six overseeing multiple project teams, additional business executives and a variety of subject matter experts. • Each captain is a leader with functional expertise and influence within the organization who has been selected to lead ESG actors within their designated workstreams. • This guiding body is deliberately cross-functional to avoid sibs and ensure enterprisewide collaboration and alignment.

■ MRO Product (Including Fasteners) Provider The Grainger Way: Grainger Emission Unit: Metric Ton CO2e

2020

2021

2022

2022/2021 Change (%)

Target

-7.0

Scope 1 and 2 emission down 30% by 2030 (compared to 2018). 26% reduction already achieved since 2018 with a target completion rate of 87%.

Scope 1 + 2 103,000 99,000 92,000

Rolling out KeepStock® inventorymanagement solutions to help customers use inventory analysis and SKU and cost reduction to minimize excess inventory, number of orders and transportation needed while optimizing space usage, reducing environmental footprint.

■ Building Material, Anchor and Fastener Manufacturer The Simpson Manufacturing Way: Simpson Manufacturing Emission Unit: Metric Ton CO2e

2021

2022

2022/2021 Change (%)

Scope 1

4,150

6,971

+67.9

Scope 2

15,360

11,422

-25.6

Sum

19,510

18,393

-5.7

Rolling out solutions that help improve the resilience of homes and buildings to disasters. Products include structural connectors, anchors and fasteners to keep structures safe and strong, ensuring structures remain intact and usable after certain disasters and mitigating economic, environmental and community impact. The H1A Hurricane Tie provides a connection between the rafter and the wall that helps the structure resist wind and seismic forces.

＼ Visionary ！／

■ Steel Product and Fastener Manufacturer The Nucor Way: Nucor Emission • Investing in a start-up company – NuScale Power – which is working to develop the next generation of nuclear power – small modular nuclear reactors.

Unit: Metric Ton CO2e

2021

2022

Change (%)

Scope 1

7,100,000

6,500,000

-8.4

• Investing in Electra to develop a process to produce carbon-free iron.

Scope 2

5,700,000

5,000,000

-12.2

Scope 3

7,300,000

8,800,000

+20.5

20,100,000 20,300,000

+0.9

Sum

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Target

Scope 1 and 2 emission down 35% by 2030 (compared to 2015).

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Industry Focus

Europe ■ Fastener, Logistics, Assembly Service Provider The Bossard Way: ❗ • Increasing the recycled content of cardboard to Bossard Emission

Unit: Metric Ton CO2e

2021

Scope 1

2,421

Scope 2

3,458

Sum

5,879

at least 86 percent across all sizes and the content of regranulated raw materials to almost 100 percent for the new flat bags, more than 1.1 tons of CO2 can be saved per year. This switch was even cost-neutral.

Target Develop new materials for fastening products.

• Considering changes in stretch films and filling paper to be able to reduce even more carbon emission.

＼ Innovative with R&D Capability ！／

■ Fastener and Parts Trader The Würth Way: • Developing 3D printing filaments made of recyclable carbon fibers or plastic to transform the recycled material obtained as waste from the customer into functional 3D printing filaments ready for market. Developing a successful circular economy model in the field of additive manufacturing. • Implementing “material passport” to ensure that product data management remains transparent. This passport contains important information about the material with regard to social and technical compliance, such as the material composition or compliance with environmental regulations. To create a material passport, it is necessary to disclose the product components and their material properties up and down the supply chain. The material properties can be verified using indicators such as origin, toxicity of constituents, and share of recycled materials.

Würth Emission Unit: Metric Ton CO2e

2020

Sum

313,477

2021

2022

322,002 320,282

2022/2021 Change (%) -0.5

■ Industrial Fastener Manufacturer and Distributor The Trifast Way: Trifast Emission Unit: Metric Ton CO2e

2022

2023

Change (%)

Scope 1

1,723.20

1,963.65

+13.9

Scope 2

4,251.46

3,942.73

-7.2

Scope 3

324.61

256.91

-20.8

Sum

6,299.27

6,163.29

-2.1

Target

Scope 1 and 2 emission down 67.2% by 2035 (compared to 2019). Currently down 4.2% annually. 26.79% reduction already achieved since 2019.

• Working with leading automotive manufacturers in developing new products that are lighter, critically safe, and environmentally friendly. • Using Footprint Manager, a software by Carbon Trust. • Prioritizing the use of manufacturing processes creating low waste, which include cold forming. Recovering, filtering and reusing lubricants extensively within the manufacturing processes. Where possible, reusing bins, spools and packaging. • Supplying fastenings in reusable plastic totes to many customers to reduce waste generation. • Introducing the supplier sustainable sourcing & procurement charter and further developing the quality and sustainability agreement. Requesting that all potential key suppliers complete a supplier sustainability questionnaire to ensure that their ESG practices meet the expected standards.

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307 Fastener World no.203/2023

Industry Focus ■ Mechanical Fasteners and Precision Parts Manufacturer The SFS Way: SFS Group Emission Unit: Metric Ton CO2e

2020

2021

2022

2022/2021 Change (%)

Scope 1

19,742

29,680

27,166

-8.4

Scope 2

85,080

87,201

67,834

-22.2

Scope 3

192,071

411,417 620,185

+50.7

296,893 528,298 715,185

+35.3

Sum

Target Scope 1 and 2 emission down 90% by 2030. Scope 3 down 90% or less by 2040. 48.4% reduction already achieved since 2021 (compared to 2020).

Tool handles made of renewable raw materials: SFS worked with material suppliers and plastic injection molders to find ways of replacing the ABS plastic in tool handles with biopolymers.

■ Mechanical Connector Manufacturer The Norma Way: Norma Emission Unit: Metric Ton CO2e

2021

2022

Change (%)

Scope 1

5,678

4,645

-18.1

Scope 2

37,771

234

-99.3

Sum

43,449

4,879

-88.7

Developing new products such as quick connectors and thermal management systems to tackle the challenges faced by clients such as weight reduction and lack of space, contributing to e-mobility.

Target Scope 1 and 2 emission down 19.5% by 2024 (compared to 2017).

■ Rail Fastening Component Manufacturer The Vossloh Way: • Vossloh Fastening Systems operates with 25 percent greater energy efficiency than before by modernizing the washing plant for rail clamps with smaller and lower-temperature baths.

Vossloh Emission

• Providing financial support for employees to purchase an e-bike for their commute to work. • Offering Cellentic components and rail fastening systems with a high plastic content that dampen structure-borne noise.

Unit: Metric Ton CO2e

2021

2022

Change (%)

Scope 1

19,655.1

27,829.4

+41.5

Scope 2

15,935.6

28,937.9

+81.5

35,590.70 56,767.30

+59.5

Sum

Target Carbon neutral by 2030.

India ■ Automotive Part and Fastener Manufacturer The Sundram Fasteners Way： • Conversion of LPG fired sintering and continuous annealing furnaces to electrical heated furnaces.

Sundram Fasteners Emission Unit: Metric Ton 2021 CO2e

2022

2023

2023/2022 Change (%)

16,492

Scope 1

16,006

12,874

-21.9

Scope 2

75,749 115,248 129,453

+12.3

Sum

91,755 131,740 142,327

+8.0

Target

• Installing programmable temperature controllers in pit annealing furnaces.

Carbon neutral by 2045. Emission down 25% by 2030.

• Increasing waste heat recovery and utilization rate in furnaces.

• Improving furnace loading rate. An auto loading cell was fixed in the furnace. The cell automatically opens the door and delivers products to the line. From an output of 50%, the furnace output was raised above 60%. • Introduction of battery-operated forklift instead of diesel forklift.

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• Replacing GI roof sheets with transparent Polycarbonate sheets for maximum daylight utilization. • Upgrading pumps with higher efficiency motors (IE4). • Using brushless direct current motors which consume low power due to lower frictional losses.

Fastener World no.203/2023 309

Industry Focus

Japan ＼ Creative in Manufacturing Process Improvement ！／

■ Screw, Assembly Machine, Inspection Equipment Manufacturer The Nitto Seiko Way: • Waste alkali accounts for approximately half of Nitto Seiko's waste, thereby developing the "Waste alkali recovery” equipment.

Nitto Seiko Emission Unit: Metric Ton CO2e

2019

2020

2021

2021/2020 Change (%)

Target

• Drying up the electroplating sludge to reduce weight and volume.

Carbon neutral • Compressing the volume of waste plastics to 1/6 of the by 2050. Emission original size, and reducing shipment to the RPF (solid down 12% by 2025. 30,553 26,826 30,036 +11.9 fuel recycled from waste plastics) processor from six Down 30% by times to once per year. 2030. • Rolling out new self-clinching stud bolts to replace • Developing a running status detector to minimize idling in the welded bolts. Introducing lightweight screw locking threading process, increase productivity, and save energy. machines to reduce power consumption. Scope 1+2

■ Plastic Connector Manufacturer The Nifco Way: Nifco Emission Unit: Metric Ton CO2e

2021

2022

Change (%)

Scope 1

617

629.7

+2.0

Scope 2

17,591

19,160.8

+8.9

Sum

18,208

19,790.5

+8.6

P r ov i d i n g l i g h t we i g h t m a t e r i a l s a n d h i g h performance plastic products to reduce carbon emission and tackle air pollution.

We can observe 3 characteristics from the We

Canary in a Coalmine— Asia Clawing Its Way up to Catch up with the U.S. and Europe We can observe 3 characteristics from the carbon reduction measures of the 16 iconic companies above. One, companies falling under the fastener product category put their focus on optimizing the “manufacturing process” (including threading, forming, heat treatment, packaging), “logistics/transport”, “inventory”, and “customer service”, while steel, aluminum and wire rod companies in the upper stream are locked on developing carbon-reducing material technology. Two, upstream material companies like Alcoa and Nucor emit over 10 million tons of carbon, while fastener companies fall between several thousand tons to several hundred thousand tons. Three, in my investigation of 43 listed companies from the U.S., Europe, Japan and India, I found that 13 companies (30% from the U.S. and Europe) release ESG reports annually. I could only find one Indian and two Japanese companies releasing the reports online. It is an indication that those who have scientifically verified the effectiveness of their ESG measures are still mostly European and American companies. ESG has yet to take the mainstream in Asia. The EU and U.S. carbon taxes are coming up close and poised as a threat to Asian and Taiwanese fastener companies. Some American and European companies have already done Category 1 and 2 a few years ago, and some of them are working on Category 3. The fastener leaders in India and Japan have completed Category 1 and 2. As far as Taiwan is concerned, with its one-of-a-kind inter-collaborative domestic supply chain, a mutually-beneficial approach could be for Taiwan Industrial Fasteners Institute (TIFI) and Taiwan Fastener Trading Association (TFTA) to set up a "Shared Platform of Carbon Reduction Intelligence and Technological R&D". This could be an online sharing platform or a physical forum, where Taiwanese fastener experts gather to extract the technological essence of the aforementioned 16 iconic companies, brainstorm and refine into carbon reduction technologies suitable for Taiwan. That is the way to catch up with the big trends around the world.

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Fastener World no.203/2023 惠達雜誌

Exhibition

See you in 2024!

Over 50% Increase in Number of Exhibitors

U.S. Fastener Market Resilience Under Global Challenges

312

More than 700 exhibitors including some 100 first-time exhibitors, a 55.5% increase over the previous show's record of 450 exhibitors. This is a new history made in the IFE show spanning from October 9 to 11 this year. According to a survey by Mordor Intelligence, the North American industrial fasteners market value will reach US$20.05 billion in 2023 and US$23.53 billion in 2028, with a CAGR of 3.25%, which is an indicator that the U.S. fastener market has not lost its touch in attracting business opportunities.

AEH FASTEN

AIMREACH

AL-PRO

A-PLUS

A-STAINLESS

BEST QUALITY

BI-MIRTH

BROADEN

Fastener World no.203/2023 惠達雜誌

Exhibition

BUDSTECH

BULLS

CHAEN WEI

CHANNG CHIN

This year's keynote speeches focused on the resilience and adaptability of the U.S. fastener industry in the face of rapid changes, as well as nearshore and onshore sourcing strategies for OEMs and distributors, cloud-based digital technology, 3D computing and AI technology ready for distributors, and succession in the fastener industry. The U.S. fastener industry is also facing the challenge of technological transformation.

CHIA YI

CHIAN YUNG

CHIAO CHANG

CHIEN TSAI

CHIN LIH HSING

CHIREK

CHITE

CPC FASTENERS

DAR YU

DE HUI

DRAGON

E CHAIN

ERAY

EVEREON 惠達雜誌 Fastener World no.203/2023

313

Exhibition

FENG YI

FONG PREAN

FONTEC

FONG YIEN

FU KAI

GOFAST

GREAT PEAK

HEADER PLAN

HOME SOON

HOMN REEN

HU PAO

INNTECH

J.C. GRAND

J. T. FASTENERS

JACKWAY

JENG YUH

JI LI DENG

JINN HER

KU FU

KWANTEX

L&W

LINK UPON

LOYAL & BIRCH

Increased Inquiries About Alternative Sources of Supply The slow post-pandemic economic recovery, the global inflation and the instability of Chinese economy have led many visitors to this trade show to look for suppliers outside of China, such as suppliers from Vietnam, India, and Taiwan, or suppliers with factories in countries other than China. The world’s trend of looking for alternative sources to minimize the impact of U.S.-China

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Fastener World no.203/2023 惠達雜誌

Exhibition

LUNA'S LIGHT

MAO CHUAN

METAL FASTENERS

MOLS

OFCO

PRO-PATH

RAH ALLIANCE

REXLEN

REXSON

SCT

SE FA

SEN CHANG

SHAW GUANG

SHEH FUNG

SHIANG GING

SHYANG SHENG

SIN FU SHAN

SINTEC

SOON PORT

SPEC

trade friction is growing rather than shrinking. In addition, the show coincided with the outbreak of Israeli-Palestinian War, and visitors, as Fastener World observed, were monitoring the impact of this war on the U.S. economy. In addition to local U.S. distributors and buyers, there were also buyers from India, Singapore, Indonesia, Germany, Saudi Arabia. Among them, Fastener World saw quite a many Indian exhibitors from India, from which we can tell that the uprise of "India Manufacturing" has prompted Indian exhibitors to seize the opportunity of striking deals with U.S. exhibitors.

Taiwanese Exhibitors Tripled in Number This show made a great success last year. This year, there were up to 90 Taiwanese exhibitors who applied for booths through Fastener World to grab the lion’s share of the U.S. market. That’s triple the number of around 30 exhibitors recorded in the previous show. The 90 exhibitors took up a large chunk of the venue. Taiwanese exhibitors told Fastener World that it is tremendously helpful to meet buyers coming from many countries at the U.S. venue. There were buyers who saw some of the exhibitors’ ads in Fastener World magazines and then came to their booths to purchase products. A post-show survey conducted by Fastener World revealed that most of these exhibitors expressed that they would exhibit again next year. 惠達雜誌 Fastener World no.203/2023

315

Exhibition

SPECIAL RIVETS

SPRING LAKE

STANDING

SUNNY BEAM

SUPERIOR QUALITY

TFTA

TIFI

TAIWAN PRECISION

TAIWAN SHAN YIN

TONE DAR SEEN

U-WEEN

WA TAI

WITEC

WAYNETEL

WATTSON

WIN FEATURES

YOANG MING

YOUR CHOICE

ZI EA

IFE 2024 Open for Registration The organizer has announced that the next show will be held on September 9-11, 2024, at Mandalay Bay Convention Center (Halls B&C) in Las Vegas, USA, and that is it now open for registration. For registration, contact the show’s organizer.

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Fastener World no.203/2023 317

Exhibition

Photovoltaic and Other Energy Industries in the Spotlight The fastener fair which took place in Poland's second largest city, Krakow, on October 18-19, 2023, reached its 6th edition and brought together 148 exhibitors from Turkey, Italy, Czech Republic, Spain, China, Switzerland, Sweden, UK, USA, Taiwan, and Poland. Poland is one of the world's top 10 markets for photovoltaics, so one of the main focuses of the 6th edition was the product display by manufacturers and suppliers of connectors and racks for photovoltaic, energy and electrical engineering, attracting buyers of photovoltaic, hydroelectric, wind and geothermal energy, EPC (Engineering, Procurement, Construction) contractors, as well as suppliers of network infrastructure and integrated renewable energy solutions. Additionally, the organizer held the "Ecology and Economy in the Fastener Industry - Challenges and Opportunities" conference during the fair, where the topics in discussion included the assumed impact of CBAM regulations on imports from outside the EU, green revolution, circular building, and carbon reduction in car manufacturing plants. In the course of distributing magazines and recommending fastener suppliers on-site, Fastener World specialists met visitors from the Netherlands, Ukraine, Slovakia, Poland, among other countries. The exhibitors told Fastener World specialist that they saw more visitors in this edition over the previous one, and therefore they think the fastener market in Poland is gradually warming up. The future business opportunities are not to be missed.

AMIS

318

BOLTUN

Fastener World no.203/2023 惠達雜誌

CANAAN

CELEBRITE

Exhibition

CHAO JING

CHIEN TSAI

CHITE

CHUNG HO

DAGAN

FRATOM

HOPLITE

JA DEN

JOKER

KEY-USE

LONG HWA

MAO CHUAN

ORANGE

RJW

SHINN RUNG

TAI HUEI

TIFI

TSUNG YANG

VERTIGO

YESWIN

The organizer will announce the dates of the next edition soon. Contact the organizer for more information or follow the updates on Fastener World website at www.fastener-world.com. Copyright owned by Fastener World / Article by Dean Tseng

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Fastener World no.203/2023 惠達雜誌

Fastener World no.203/2023 321

Exhibition

Review of

2023 The annually held Fastener Fair Mexico took place on September 7-9, 2023 at Expo Guadalajara, Mexico and attracted nearly 80 exhibitors from the local Mexican fastener related industry, as well as from countries including Taiwan, Israel, China, USA, etc. to present and showcase their latest and innovative fastening, fixing, and assembling products, solutions, and services, which included screw, nuts. bolts, rivets. washers, anchors, fastening tools, molds & dies, machinery, and other peripherals & accessories.

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Fastener Fair Mexico was originally given in the capital of Mexico, Mexico City, before the pandemic. However, due to the change of the fair organizer and its goal to boost the attendance of more visitors and potential buyers from different fastener-related industries, the Fair was then arranged to be co-located with the largest hardware event in the whole Latin American region, Expo Nacional Ferretera in Guadalajara, which is also the second largest city and one of the most pivotal manufacturing heartlands in Mexico.

Exhibition

As the exclusive sales agent of F F Mexico, Fastener World Inc. not only went to exhibit again, but also brought 10 Taiwanese exhibitors to participate. These Taiwanese exhibitors featuring high quality products and excellent ser v ic e were: L &W, PI NG OOD, W EI-I I N DUST RY, METAL FASTENERS, FANG SHENG SCR EW, KUO H SI A N FA S T E N E R , R E X L E N, BOLT U N, C H I E N TSAI M ACHI N ERY, TAI WA N M ET IZ A LLIA NCE. Taiwanese exhibitors said that Mexico is no doubt one of the most important countries in the Latin American region with vibrant manufacturing industries nationwide, e.g., automotive, furniture, hardware, industrial components processing, aerospace, and that they would like to utilize these advantages to explore more opportunities and establish new business contact with potential industry players from Mexico and surrounding countries. In addition to Taiwanese exhibitors, China was the largest exhibiting group this year.

Co-located with the 30th edition of Expo Nacional Ferretera with the record-breaking number of visitors this year, Fastener Fair Mexico not only drew the attention of professional fastener industry players to visit onsite to seek for further collaboration, but also saw some meaningful and significant visits from other industrial key men and decision makers from the field of hardware and others showing high interest in purchasing or collaborating with each other. In addition to importers, distributors and retailers from Mexico, many potential buyers from neighboring Latin American countries (e.g., Bolivia, Honduras, Brazil, etc.) are also in attendance looking for sourcing and cooperation opportunities. After the successful industry event this year, the organizer has also announced the dates of the next edition, which will be held again at Expo Guadalajara on September 5-7, 2024. Copyright owned by Fastener World / Article by Gang Hao Chang

Mexican manufacturing industries with robust fastener demand and proximity to several large ports used to take advantage of the benefits brought by USMCA (formerly NAFTA) and import a great amount of goods and products from many countries such as USA, Canada, Taiwan, China, and the rest of the world, which the organizer believes would help boost the international industry exchange through giving Fastener Fair Mexico and Expo Nacional Ferretera under one roof. BOLTUN

CHIEN TSAI

FANG SHENG

KUO HSIAN

L&W

METAL FASTENERS

PINGOOD

REXLEN

TAIWAN METIZ

WEI-I

惠達雜誌 Fastener World no.203/2023

323

324 Fastener World no.203/2023

Fastener World no.203/2023 325

Exhibition

AI Inspection, Carbon Neutrality, and Lean Production Control Now the Talk of the Town The show attracted 1,030 exhibitors during the three-day period from October 4 to 6, including 267 exhibitors of fasteners and hardware parts, nearly 200 exhibitors related to surface treatment and surface cleaning, about 100 exhibitors of inspection machines, and nearly 100 exhibitors of measuring machines, according to the data revealed by the organizer. The total number of visitors reached 33,000 people. In recent years, Japan has gained a lot of attention in the world's political and economic landscape. There is a well-known fastener trade dealer in Osaka rapidly in the making of an all-English purchase platform, aiming at the global market and vowing to send Japanese high-quality products and logistics services to all corners of the world. Fastener World is closely monitoring the situation in Japan and set up a booth at the show to distribute magazines and introduce global fastener companies to Japanese visitors. According to the Fastener World staff on-site. There were about 70 Chinese exhibitors of screws and 30 Taiwanese fastener exhibitors in the show. Some of them solely targeted their overseas sales at the Japanese market and had visited Japanese clients before the show. On another note, visitors to the Fastener World booth were mainly looking for suppliers of screws and motorcycle parts. There were up to six AI-related speeches in the conferences organized by the show, which mainly explored how to apply AI to the manufacturing industry. Another major topic was carbon neutrality, with one of the speech title "Explanation of the Decarbonization Management Strategy— Key Points of CO2 Visualization and Carbon Footprint Calculation of the Entire Supply Chain in the Manufacturing Industry." From here we see Japan’s high interest in carbon tax as the future trend. Representative of Toyota Motor Corporation of Japan was also invited to give a presentation on the world-renowned Toyota Production System (TPS). These speeches offered a glimpse into the future of Japan's manufacturing industry. Copyright owned by Fastener World / Article by Dean Tseng

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Industry Focus

Future Global Market Development Analysis for Taiwanese

Automotive Fasteners

ith chip shortage easing and economic activities recovering from the pandemic, the global automotive market is expected to rebound in 2023. Fasteners take up about 4.5% of the weight of an assembled vehicle, and each vehicle uses 3,000 to 4,000 fasteners which equate to a large demand and a variety of types, including transmission components (engine, electrical installation, steering wheel, transmission device), chassis components (main frame structure, brake, pump, etc.), body parts (control lock, anti-vibration system), and other parts (airbag, safety seat). The cost of automotive fasteners only account for 2 to 3% of the car body, but fasteners serve as a critical connection between the car body and components. Automotive fasteners and the car market are inextricably linked, and therefore this is studied through this article which analyzes the future development for Taiwanese automotive fasteners.

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Fastener World no.203/2023 惠達雜誌

Global Import and Export of Automotive Fasteners Import Analysis Table 1 shows the global automotive fastener importing countries and their import values from 2018 to 2022. In 2022, the global import value of automotive fasteners was US$389 million, and the top three importing countries regions were Hong Kong (US$42 million), the U.S. (US$37 million), and Italy (US$26 million). The 5-year compound import growth rate was about 3.8%. The top ten automotive fastener importing countries accounted for about 60% of the world’s total import value, with a compound growth rate of about 3.7%. However, there are variations in these countries. In the recent global political and economic turmoil, the top importer Hong Kong stays roughly unchanged. The top ten importing countries with a higher growth rate are Italy (13.5%), the Netherlands (12.7%) and India (10.6%).

Export Analysis Table 2 shows the global automotive fastener exporting countries and their export values from 2018 to 2022. The global automotive fasteners export value was USD 296 million in 2022. The world’s top three exporting countries were: Germany (USD 44 million), the Philippines (USD 41 million), and China (USD 36 million). The 5-year compound export growth rate was about 8.3%. Except for China and the Philippines, Europe and the U.S. make the majority of the ranking. The top ten exporting countries accounted for about 60% of global exports, with a compound export growth rate of about 12.6%. Except for UK with negative growth, the other nine largest exporting countries had positive growth. The exporting countries with a higher growth rate were the Philippines (130.0%), Turkey (18.4%), China (15.0%), Germany (13.4%), and India (10.8%).

Fastener World no.203/2023 329

Industry Focus Table 1. Global Automotive Fastener Importing Countries and Their Import Values from 2018 to 2022 Unit: USD 0.1 billion; % Countries/Regions

2018

2019

2020

2021

2022

Share in 2022

CAGR

Hong Kong

0.42

0.48

0.64

0.42

10.8%

0.1%

USA

0.26

0.20

0.21

0.26

0.37

9.4%

8.5%

Italy

0.16

0.13

0.14

0.25

0.26

6.7%

13.5%

Germany

0.27

0.21

0.18

0.24

0.25

6.5%

-1.6%

India

0.17

0.15

0.13

0.25

6.5%

10.6%

Netherlands

0.11

0.08

0.10

0.17

4.4%

12.7%

Belgium

0.23

0.17

0.13

0.16

4.1%

-9.4%

U.K.

0.12

0.11

0.07

0.14

0.15

3.9%

5.9%

France

0.09

0.07

0.11

0.12

3.2%

7.7%

Singapore

0.13

0.14

0.12

0.14

0.11

2.8%

-4.4%

Subtotal of Top 10 Importing Countries

1.96

1.69

1.60

2.28

2.26

58.3%

3.7%

Subtotal of Other Importing Countries

1.38

1.25

1.41

1.75

1.62

41.7%

4.0%

Total Global Import

3.34

2.94

3.01

4.02

3.89

100.0%

3.8%

Source: ITC/MIRDC

Table 2. Global Automotive Fastener Exporting Countries and Their Export Values from 2018 to 2022 Unit: USD 0.1 billion; % Share in CAGR 2022

Countries

2018

2019

2020

2021

2022

Germany

0.27

0.29

0.30

0.45

0.44

11.4%

13.4%

Philippines

0.01

0.02

0.13

0.40

0.41

10.5%

130.0%

China

0.21

0.16

0.14

0.26

0.36

9.4%

15.0%

Czech Republic

0.27

0.24

0.22

0.28

0.34

8.7%

6.0%

USA

0.19

0.18

0.17

0.16

0.21

5.3%

2.1%

India

0.10

0.08

0.14

0.16

4.0%

10.8%

U.K.

0.16

0.14

0.12

0.13

3.4%

-5.7%

Belgium

0.11

0.08

0.10

0.14

0.12

3.2%

2.2%

Italy

0.09

0.08

0.07

0.09

2.4%

1.4%

Turkey

0.05

0.04

0.07

0.09

2.3%

18.4%

Subtotal of Top 10 Exporting Countries

1.47

1.35

1.40

2.10

2.36

60.7%

12.6%

Subtotal of Other Exporting Countries

0.69

0.51

0.44

0.57

0.60

15.5%

-3.2%

Total Global Export

2.15

1.86

1.83

2.68

2.96

76.2%

8.3%

Source: ITC/MIRDC

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Fastener World no.203/2023 331

Industry Focus Global Export of Taiwanese Automotive Fasteners Table 3 shows the global export of Taiwanese automotive fasteners from 2018 to 2022. The global export value of Taiwanese automotive fasteners in 2022 was USD 6.629 million, with a slight decline (-0.4%) in 5-year compound export growth. The top three export destinations were the U.S., the Netherlands, and New Zealand. The top 10 export destinations accounted for 91.6% of the total export value. The United States on the top of the chart has a stable demand for Taiwanese automotive fasteners. The Netherlands ranked second and New Zealand ranked third have a smaller but significantly growing import demand from Taiwan's, indicating that Taiwan's export is gradually decentralized. The export destinations with a higher compound export growth rate were India (213.0%), Mexico (211.4%), the Netherlands (16.1%), New Zealand (15.3%) and they are still worth expanding sales for Taiwan.

Table 3. Global Export of Taiwanese Automotive Fasteners from 2018 to 2022. Unit: USD 10 thousand; % Countries

2018

2019

2020

2021

2022

Share in 2022

CAGR

USA

396.5

341.8

286.5

330.2

417.2

62.9%

1.3%

Netherlands

28.1

52.9

49.1

114.1

51.1

7.7%

16.1%

New Zealand

19.3

20.1

20.3

35.2

34.1

5.1%

15.3%

Japan

31.0

21.0

15.2

23.3

30.8

4.6%

-0.2%

Germany

20.1

18.7

19.9

36.4

17.4

2.6%

-3.5%

Indonesia

12.7

6.7

5.0

15.9

15.6

2.4%

5.3%

U.K.

9.0

21.5

13.2

21.0

12.2

1.8%

7.9%

Canada

21.9

14.6

12.5

11.4

10.1

1.5%

-17.6%

India

0.1

0.3

3.1

9.6

1.4%

213.0%

Mexico

0.1

0.2

0.0

9.4

1.4%

211.4%

Subtotal of Top 10 Export Destinations

538.8

497.8

422.0

590.6

607.5

91.6%

3.0%

Subtotal of Other Export Destinations

136.1

77.0

74.8

89.3

55.4

8.4%

-20.1%

Total Export from Taiwan to the World

674.9

574.8

496.8

679.9

662.9

100.0%

-0.4%

Source: ITC/MIRDC

Global Import and Export of ASEAN Automotive Fasteners Import Analysis Table 5 shows ASEAN automotive fastener importing countries and their import values from 2018 to 2022. In 2022, ASEAN imported USD 28.599 million worth of automotive fasteners from the world, with a 5-year compound growth rate at -0.1%. The amount of automotive fasteners imported by ASEAN accounted for 7.4% of the world’s total (and higher than LAIA’s share at 3.9%). The top three importing countries wee Singapore, Thailand, and Malaysia, and these three countries altogether have accounted for more than 70% of the total ASEAN import. The importing countries with a higher compound growth rate were Cambodia (52.8%) and Indonesia (21.6%). Singapore has a significant advantage in high-tech manufacturing, R&D and service industries, becoming one of the important hubs for global trade, transportation and finance. The Singapore government provides unmanned vehicle rides for the public to achieve the goal of smart country and create an intelligent transportation system. As such, NXP Semiconductors from the Netherlands worked along the Singapore smart nation project to set up a networked vehicle R&D center in Singapore. In addition, Singapore has a total of three unmanned automated light rail system. Singapore has potential in the demand for various types of vehicles in the industry.

Table 5. ASEAN Automotive Fastener Importing Countries and Their Import Values from 2018 to 2022

332

Countries

2018

2019

2020

2021

2022

Singapore

1,314.0

1,358.5

1,248.1

1,386.8

1,099.2

Share in ASEAN 2022 38.4%

Thailand

695.6

538.8

509.2

607.7

637.9

22.3%

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Unit: USD 10 thousand; % Share in the CAGR World 2022 2.8% -4.4% 1.6%

-2.1%

Industry Focus 432.4

Share in ASEAN 2022 15.1%

Share in the World 2022 1.1%

311.5

404.7

14.2%

1.0%

52.8%

202.7

219.8

122.7

4.3%

0.3%

98.2

104.4

153.9

109.2

3.8%

0.3%

1.7%

14.0

16.5

11.4

52.9

30.6

1.1%

0.1%

21.6%

Myanmar

122.6

124.6

8.6

88.2

16.1

0.6%

0.0%

-39.8%

Brunei

3.2

12.8

12.4

7.0

4.2

0.1%

0.0%

7.0%

Laos

27.6

20.7

15.3

8.0

2.9

0.1%

0.0%

-43.1%

Subtotal of ASEAN Importing Countries

2,872.8

2,886.7

4,416.0

4,971.9

2,859.9

100.0%

7.4%

-0.1%

Subtotal of Other Importing Countries

30,565.2

26,528.5

25,664.2

35,263.5

35,994.7

92.6%

4.2%

Total Global Import

33,438.0

29,415.2

30,080.2

40,235.4

38,854.6

100.0%

3.8%

Countries

2018

2019

2020

2021

2022

Malaysia

398.6

243.3

1697.5

2136.1

Cambodia

74.2

312.1

606.4

Vietnam

121.0

161.2

Philippines

102.0

Indonesia

CAGR 2.1%

Source: ITC/MIRDC

Export Analysis Table 6 shows ASEAN automotive fastener exporting countries and their export values from 2018 to 2022. In 2022, ASEAN exported USD 49.773 million worth of automotive fasteners to the world, with a 5-year compound growth rate at 29.4%. The export of automotive fasteners from ASEAN accounted for 16.8% (higher than LAIA at 0.6%) of the world’s total export. The top three exporting countries were the Philippines, Malaysia, and Singapore, which accounted for more than 95% of the export of ASEAN countries. The ASEAN countries with a higher compounded growth rate were: Vietnam (212.1%) and the Philippines (130.0%).

Table 6. ASEAN Automotive Fastener Exporting Countries and Their Export Values from 2018 to 2022 Share in ASEAN 2022 82.0%

Unit: USD 10 thousand; % Share in the CAGR World 2022 13.8% 130.0%

Countries

2018

2019

2020

2021

2022

Philippines

145.9

221.0

1,286.4

3999.8

4,082.0

Malaysia

840.3

572.5

398.1

565.9

405.1

8.1%

1.4%

-16.7%

Singapore

571.8

533.6

437.4

386.4

280.8

5.6%

0.9%

-16.3%

Thailand

188.3

130.4

97.8

79.3

120.7

2.4%

0.4%

-10.5%

Vietnam

0.9

1.1

0.6

4.8

85.4

1.7%

0.3%

212.1%

Indonesia

29.9

1.8

29.1

6.8

3.3

0.1%

0.0%

-42.4%

Brunei

0.0

0.2

0.0

0.3

0.0

0.0%

Cambodia

0.0

0.3

0.0

0.0%

Subtotal of ASEAN Exporting Countries

1,777.1

1,460.6

2,249.4

5,043.6

4,977.3

100.0%

16.8%

29.4%

Subtotal of Other Exporting Countries

19,762.8

17,131.3

16,060.9

21,727.7

24,623.3

83.2%

5.7%

Total Global Export

21,539.9

18,591.9

18,310.3

26,771.3

29,600.6

100.0%

8.3%

Source: ITC/MIRDC In 2022, the annual car sales in the Philippines were 356,000 units, up more than 30% from 2021. The sales of motorcycles were 1,564,000 units, up 9% from 2021. The Department of Trade and Industry of the Philippines launched the Automotive Industry Renaissance Strategic Plan in 2016, which encourages international automobile manufacturers to produce automobile bodies and automotive parts in the Philippines. There are about 300 automotive part and component manufacturers in the Philippines, which have formed industrial clusters in the provinces of Laguna and Cavite. In 2023, the Philippine government lowered the tariffs for many types of electric vehicles to zero, so Taiwanese manufacturers can pay more attention to the business opportunities brought about by the demand of the country’s automotive market.

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Industry Focus Global Import and Export Analysis of Automotive Fasteners from LAIA (Latin American Integration Association) Import Analysis Table 7 shows LAIA automotive fastener importing countries and their import values from 2018 to 2022. In 2022, LAIA imported USD 15.318 million worth of automotive fasteners from the world, with a 5-year compound growth rate at 7.4%. The percentage of automotive fasteners imported by LAIA from the world was about 3.9% (lower than ASEAN at 7.4%). The top three importing countries were Mexico, Argentina, and Brazil, which altogether accounted for 65% of LAIA’s share. The importing countries with a higher compound growth rate were Colombia (61.5%), Brazil (21.6%), and Mexico (19.9%).

Table 7. LAIA Automotive Fastener Importing Countries and Their Import Values from 2018 to 2022 Unit: USD 10 thousand; % Share in the CAGR World 2022 1.6% 19.9%

Countries

2018

2019

2020

2021

2022

Mexico

295.1

238.9

314.9

415.7

609.4

Share in LAIA 2022 39.8%

Argentina

286.9

143.9

195.8

262.3

269.8

17.6%

0.7%

-1.5%

Brazil

40.3

17.7

23.0

24.1

111.0

7.2%

0.3%

28.8%

Paraguay

76.2

64.9

43.5

81.5

97.2

6.3%

0.3%

6.3%

Peru

86.7

52.0

54.1

138.9

93.0

6.1%

0.2%

1.8%

Bolivia

62.0

78.3

35.9

82.3

87.9

5.7%

0.2%

9.1%

Colombia

12.7

20.3

34.8

25.9

86.5

5.6%

0.2%

61.5%

Ecuador

43.5

27.6

12.0

35.2

53.7

3.5%

0.1%

5.4%

Chile

37.2

39.3

49.6

44.2

53.5

3.5%

0.1%

9.5%

Uruguay

32.0

24.4

31.8

25.8

37.2

2.4%

0.1%

3.8%

Cuba

49.8

35.0

11.3

2.5

22.0

1.4%

0.1%

-18.5%

Panama

9.6

6.0

3.6

1.3

10.6

0.7%

0.0%

2.5%

Venezuela

120.8

0.4

4.1

0.0

0.0%

-100.0%

Subtotal of LAIA Importing Countries

1,152.8

748.7

810.7

1,143.8

1,531.8

100.0%

3.9%

7.4%

Subtotal of Other Importing Countries

32,285.2

28,666.5

29,269.5

39,091.6

37,322.8

96.1%

3.7%

Total Global Import

33,438.0

29,415.2

30,080.2

40,235.4

38,854.6

100.0%

3.8%

Source: ITC/MIRDC In 2022, Mexico manufactured about 3.5 million units of cars, making it the world’s 7th largest automobile producer, with an annual output value of US$29.01 billion, accounting for more than 30% of the total exports. The total exports of automobiles and their spare parts were about US$101 billion in 2022, with the U.S. as the main export destination. The world’s major automakers have deployed in the Mexican market, in places such as Leon, which is a center of the automobile industry in Mexico. Auto parts raised Mexican automotive localization rate to 75% under the U.S.-Mexico-Canada trade agreement. Taiwan fastener industry has been focused on the U.S. for many years. The automotive fastener demand market in the U.S. and Mexico is directly related. Taiwan’s automotive fastener companies can expand sales and develop the U.S.-Mexico market.

Export Analysis Table 8 shows LAIA automotive fastener exporting countries and their export values from 2018 to 2022. In 2022, LAIA exported USD 1.765 million worth of automotive fasteners to the world, with a 5-year compound growth rate at -1.7%. LAIA’s global automotive fastener export accounted for approximately 0.6% of the world’s total (lower than ASEAN at 16.8%). The top three exporting countries were Brazil, Mexico, and Chile, which altogether accounted for more than 95% of LAIA’s exports. The LAIA country with a higher compound growth rate is Mexico (57.0%) but its export value was not high, mainly because the automotive fasteners produced in the country are mostly supplied to major local carmakers for assembly.

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Industry Focus Table 8. LAIA Automotive Fastener Exporting Countries and Their Import Values from 2018 to 2022 Countries

2018

2019

2020

2021

2022

Share in LAIA 2022

Unit: USD 10 thousand; % Share in the CAGR World 2022

Brazil

152.5

88.3

172.5

150.9

123.1

69.7%

0.4%

-5.2%

Mexico

5.3

4.3

9.4

4.7

32.2

18.2%

0.1%

57.0%

Chile

12.5

3.2

2.7

10.9

17.2

9.7%

0.1%

8.3%

Panama

1.9

0.4

0.1

2.7

1.5%

0.0%

9.2%

Peru

0.0

5.7

0.8

0.5%

0.0%

Colombia

1.0

1.7

1.1

0.9

0.4

0.2%

0.0%

-20.5%

Uruguay

0.0

0.1

0.1%

0.0%

Argentina

15.7

7.0

6.2

0.0

0.0%

-100.0%

Paraguay

0.0

72.6

0.0

0.0%

Cuba

0.0

0.1

0.0

0.0%

Subtotal of LAIA Exporting Countries

188.9

104.9

192.1

245.8

176.5

100.0%

0.6%

-1.7%

Subtotal of Other Exporting Countries

21,351.0

18,487.0

18,118.2

26,525.5

29,424.1

99.4%

8.3%

Total Global Export

21,539.9

18,591.9

18,310.3

26,771.3

29,600.6

100.0%

8.3%

Source: ITC/MIRDC

Conclusion The world has seen host of changes including the pandemic, the RussiaUkraine War, the Israel-Palestine War among others which have affected the global auto market supply chain. For export-oriented Taiwanese fastener manufacturers, it is inevitable to create a resilient supply chain and find alternative markets. However, the automotive fastener markets of ASEAN including the Philippines and Singapore, as well as Latin American countries such as Mexico and Brazil, still have potential a nd business opportunities. Countries competing with Taiwan in automotive fasteners have deployed in these regions for many years. If Taiwan limits itself to the European and American markets, it will have to cross a higher hurdle entering potential markets in the future. Therefore, other potential markets with business opportunities can be evaluated to develop more orders. I n sum ma r y, t h is a r t icle suggests as follows:

338

1. Production trend of automotive fasteners: Carmakers now adopt cost reduction strategies and automotive fasteners must be versatile and can be used among different car models. Therefore, suppliers having a large-scale, modular design, R&D and manufacturing capabilities, as well as strong service capabilities are more bonded with major carmakers. Taiwanese companies can tailor fasteners that meet the needs of the automotive industry in Southeast Asia or Central and South American countries according to the types and specifications of automotive fasteners required. Following the guidelines for sharing between different production lines and car models, automotive fasteners can be converted into modules or sub-assemblies to reduce production costs. 2. The impact of vehicle lightweighting on automotive fasteners: Environmental protection and carbon reduction are a shared global issue. Fuel-driven vehicle manufacturers are committed to lightweighting and reducing fuel consumption. For every 10% weight reduction of the vehicle body, fuel efficiency can be increased by 6% to 8%. Currently, there are three ways to reduce the weight of global automotive fasteners: changing the head shape of automotive screws (reduce volume and weight, increase strength), using aluminum fasteners (higher strength, heat resistance and corrosion resistance), reducing the weight of automotive fastener materials (carbon fiber composite materials, glass fiber, magnesium aluminum alloy, high-strength light steel, reinforced plastics, EN AW6056 aluminum alloy fasteners, double-layer carbon steel fasteners, special heattreated 316 stainless steel fasteners). 3. The impact of green energy trend on automotive fasteners: With the development of new energy vehicles, more than 3,000 fasteners used in fuel vehicles are expected to be reduced by 30%, mostly power-related parts. This will have an impact on the automotive fastener supply chain. Taiwanese companies are suggested to contact battery, motor, control device, new energy and other related manufacturers to discuss the design of new automotive fasteners, set the tone for future automotive fastener R&D, pre-design products, evaluate investment resources and build capacity.

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Industry Focus

The ECFA Impact on Taiwan Fastener Industry T

he Ministry of Commerce of the People's Republic of China (MoC China) initiated a trade barrier investigation against Taiwan on April 12, 2023, and the number of products involved has increased to 2,509 so far. According to the announcement, "the investigation should be completed by October 12, 2023, but under special circumstances, it can be extended to January 12, 2024". MoC China 's official website published a press release on October 9, which stated that the investigation will be extended for three months and the deadline is changed to January 12, 2024. On October 11, the spokesman for Taiwan Affairs Office under the State Council of China claimed, "EC FA (Cross-Straits Economic Cooperation Framework Agreement) has brought benefits to the relevant industries and people on both sides of the Taiwan Straits, especially those in Taiwan, since it came into effect. The hope to ensure the continuation of ECFA is the mainstream public opinion on the island, which also proves ECFA is a good agreement for the benefit of the people in Taiwan." China did not release the results of the investigation on October 12 as expected, probably because it intends to observe the situation that will come after Taiwan Presidential Election which will be held in 2024. China’s trade barrier investigation against Taiwan is clearly targeting ECFA which China may take some kind of actions upon. If that is the case, the preferential duty rate in the ECFA Early Harvest List may be canceled, which will significantly change the import and export tariffs of some products from Taiwan to China.

In 2008, Mr. Ma Ying-Jeou became the President of Taiwan and devoted himself to cross-strait economic and trade exchange.

1980

2008

2010

Regional economic integration emerged in late 1980s.

June 29, 2010, Signing of ECFA

January 1, 2011, ECFA Early Harvest List Tax Reduction came in force.

2011

2016

April 12, 2023, China launched a trade barrier investigation against Taiwan

2023

Cross-strait economic and trade talks were temporarily suspended as Taiwan’s ruling party changed again in 2016.

2024 January 12, 2024, trade barrier survey results announcement.

Fig. 1. ECFA Progression In 2009, Mr. Ma Ying-Jeou, former President of Taiwan, proposed the signing of Cross-Strait Economic Cooperation Framework Agreement (ECFA) with China, which is a bilateral economic and trade agreement between the two sides of the Taiwan Strait to strengthen the economic and trade development of both Taiwan and China. ECFA explicitly emphasizes that cross-strait tariffs will be "phased in gradually," so that both sides will reduce merchandise trade tariffs to zero within a certain period of time. The first cross-strait agreement was signed on June 29, 2010 in Chongqing, China, to discuss the follow-up of trade in goods, trade in services, investment protection, and dispute resolution. The Early Harvest Program came into effect on September 12, 2010. The product content of the early-stage agreement is known as the "Early Harvest List. The tariff-free range covers Taiwan's exports to China in the petrochemical, machinery, textile, and automotive parts and accessories industries, etc. Starting from January 1, 2013, all products under the Early Harvest Program have been reduced to zero tariff. In terms of the contents of early harvest goods, there are three major categories: trade in goods, trade in services, and agricultural products. Both sides of the Taiwan Strait liberalized different items according to the political and economic considerations at the time. Figure 1 shows the progression of ECFA development.

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Industry Focus Table 1. Taiwan's Export to China and Tariff Reduction Item

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sum

All Merchandize

Items in the Early Harvest List

Export Value

Change (%)

Export Value

Change (%)

851.22 825.92 841.22 847.11 732.71 737.34 887.47 964.99 917.90 1,024.47 1,259.04 1,211.14 11,100.53

9.29% -2.97% 1.85% 0.70% -13.50% 0.63% 20.36% 8.74% -4.88% 11.61% 22.90% -3.80% 2022 growth over 2011

179.76 185.66 205.78 212.26 191.79 193.63 227.51 236.37 198.48 193.22 252.27 204.95 2481.68

18.07% 3.28% 10.84% 3.15% -9.64% 0.96% 17.50% 3.90% -16.03% -2.65% 30.56% -18.76% 2022 growth over 2011 +14.012%

+42.28%

Table 2. Taiwan's Import from China and Tariff Reduction Item

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sum

All Merchandize Import Value

Change (%)

Import Value

Change (%)

440.95 414.31 433.45 492.56 452.67 439.93 500.41 537.93 573.96 635.90 824.87 839.96 6,586.9

21.62% -6.04% 4.62% 13.64% -8.10% -2.82% 13.75% 7.50% 6.70% 10.79% 29.72% 1.83% 2022 growth over 2011

49.66 48.03 49.43 55.38 54.13 50.22 53.90 59.12 60.23 63.16 88.03 87.21 718.5

25.37% -3.27% 2.92% 12.04% -2.27% -7.23% 7.34% 9.69% 1.86% 4.87% 39.38% -0.93% 2022 growth over 2011 +75.61%

Ac c ord i ng to t he resu lt s of c ros s - st ra it negotiations back then, Taiwan agreed to lower taxes on 267 Chinese items in the early harvest list, while China agreed to lower taxes on Taiwanese 539 items in the early harvest list. China's early harvest list for Taiwan mainly includes small and mediumsized conventional industries, agricultural products, and service trade items, including machinery, automobile parts and components, bicycle parts and components, small household appliances, orchids, bananas, tea, as well as the financial industry. This article uses the data from the article "Implementation of the ECFA" dated August 15, 2023, and organize the bilateral trade and export values between China and Taiwan under the ECFA framework from 2011 to 2022 as follows in Table 1 and Table 2.

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Tariff Reduction By Taiwan Customs’ By China Customs’ Calculation Calculation 1.26 1.21 5.43 5.37 6.76 6.78 7.56 7.58 7.72 7.35 8.68 7.56 9.75 8.85 10.05 9.36 8.99 7.78 8.81 7.32 10.65 9.15 8.22 7.19 93.88 85.5

Unit: USD 100 Million

Items in the Early Harvest List

+47.50%

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Unit: USD 100 Million

Approved Amount of Preferential Tariff 10.36 14.28 15.90 19.74 23.00 18.15 20.20 23.40 21.83 21.75 32.13 31.34 252.08

Tariff Reduction 0.23 0.54 0.64 0.82 0.84 0.76 0.81 0.91 0.88 0.90 1.27 1.25 9.85

Compared to Table 1 and Table 2, the import and export values between Taiwan and China grew significantly from 2011 to 2022. Under the framework of ECFA, the total value of Taiwan's exports to China during the 12-year period was US$1.11 trillion, much higher than China's exports to Taiwan which totaled US$658.69 billion. The value of Taiwan's export to China increased 42.28%, while the value of China's exports to Taiwan increased 47.50%. In terms of products in the early harvest list, the value of Taiwan's export to China increased 14.12%, while the value of China's exports to Taiwan increased 75.61%. In terms of the growth rate of export value, China far exceeded Taiwan, which illustrates that ECFA is a winner for both manufacturers and consumers across the Taiwan Strait. Steel fasteners are not included in the early harvest list. China’s iron ore are not included in the early harvest list of imports into Taiwan. Therefore, if ECFA gets cancelled, it doesn’t make much of a direct impact on Taiwan’s fastener export. Instead, a larger impact will land on the domestic sales of 3 industries, namely machinery, automotive parts, and bicycle parts, which will affect Taiwan fastener

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Industry Focus Table 3. Statistics of Steel Fasteners Export from Taiwan, 2011-2022 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sum

Value of sales to the Value of sales to World (USD 1,000) China (USD 1,000) 3,808,060 110,405 3,586,644 102,107 3,679,771 112,551 4,048,973 122,982 3,880,625 110,659 3,610,630 117,885 4,090,044 144,904 4,638,379 143,922 4,316,160 114,095 3,968,861 128,927 5,319,169 191,196 6,140,351 171,933 51,087,667 1,571,565

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sum

Value of sales to the Value of sales to World (USD 1,000) China (USD 1,000) 3,415,073 467,067 3,666,247 471,092 3,779,599 470,177 3,905,724 486,261 3,906,921 481,693 3,855,885 470,747 4,119,950 481,218 4,117,713 464,437 3,906,966 442,660 3,669,141 404,876 4,634,435 466,546 5,632,410 436,084 48,610,064 5,542,860

Value Proportion 2.90% 2.85% 3.06% 3.04% 2.85% 3.26% 3.54% 3.10% 2.64% 3.25% 3.59% 2.80% 3.07%

Global Sales Volume (Ton) 1,347,747 1,278,585 1,371,099 1,501,697 1,470,992 1,435,750 1,498,070 1,595,705 1,479,292 1,363,250 1,610,698 1,607,481 17,560,367

Export Weight to China (Ton) 20,259 18,722 20,943 21,549 19,416 22,013 25,732 24,332 20,277 24,080 33,367 26,809 277,499

Weight Proportion 1.50% 1.46% 1.53% 1.43% 1.32% 1.53% 1.72% 1.52% 1.37% 1.77% 2.07% 1.67% 1.58%

Table 4. Statistics of Motor Vehicle Parts Export from Taiwan, 2011-2022 Value Proportion 13.68% 12.85% 12.44% 12.45% 12.33% 12.21% 11.68% 11.28% 11.33% 11.03% 10.07% 7.74% 11.59%

industry. Tables 3, 4, 5, and 6 respectively display the statistics of steel fasteners, automotive parts, bicycle parts, machines in terms of Taiwan’s export to the world and China during 2011 and 2022. Taiwan's steel fastener export to China accounted for 3.07% of the total value and only 1.58% of the total weight of export to the world. For parts and accessories used in motor vehicles, Taiwan's value of export to China accountedfor 11.59% of the export to the world. Taiwan's export of nonpowered two-wheeled bicycles and other bicycles to China accounted for 2.57% of the total sales to the world. Machines accounted for 22.85%. China has limited influence on Taiwan’s export of steel fasteners and bicycle parts which are listed in the harvest list. The bigger influence is on machines parts and accessories used on motor vehicles. In terms of Taiwan's domestic fastener markets, parts used on machines and motor vehicles are to be assembled with fasteners. If ECFA gets cancelled, it will affect the preferential tariffs for products sold from Taiwan to China, and will indirectly affect the domestic demand for Taiwan's fastener products. Taiwan’s machine and motorized vehicle parts exports to China and to the world respectively take up 22.85% and 11.59% of Taiwan’s total export to the world. Taiwan’s fastener domestic sales ratio is about 20%. Therefore, it is conjectured that if ECFA gets cancelled, the impact on the domestic sales of Taiwan's fasteners is within an affordable range.

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Global Sales Volume (Ton) 257,671 276,277 253,447 244,221 260,763 262,050 264,165 232,261 159,678 179,238 245,523 198,029 2,833,323

Export Weight to China (Ton) 31,647 30,940 26,868 27,690 29,446 29,325 27,669 24,319 16,203 21,752 28,615 22,497 316,971

Weight Proportion 12.28% 11.20% 10.60% 11.34% 11.29% 11.19% 10.47% 10.47% 10.15% 12.14% 11.65% 11.36% 11.18%

Before the Ministry of Commerce of China gives the final result on January 12, 2024, we can summarize into three strategies that the Taiwanese public think China will take. •

The first is that China will impose "mandatory" sanctions on Taiwan, meaning that China will not rule out the possibility of imposing sanctions on Taiwan's competitive petrochemicals, machinery, textiles, and plastics products, and will suspend ECFA in whole or in part, resulting in a high impact on Taiwan's exports to China. This is the last thing we want to see.

•

The second scenario is that Taiwan may make moderate concessions and decide to open up import of all or some of the previously banned Chinese goods. In this case, textile and machinery industries that are in the early harvest list will not be affected, but Taiwan's agricultural industry may suffer a greater impact.

•

The third is that China adopts a reciprocal strategy, where China only prohibits Taiwan from exporting corresponding goods to China, which means that China only allows importing the same goods that Taiwan has agreed to import from China. This impact on Taiwan's industry is relatively limited.

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Industry Focus Table 5. Statistics of Non-Powered Two-Wheel Bikes and Other Bikes Export from Taiwan, 2011-2022 Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sum

Value of Sales to the Value of Sales to World (USD 1,000) China (USD 1,000) 1,734,406 63,996 1,885,384 61,655 1,750,868 52,991 1,749,168 50,320 1,913,826 52,309 1,501,204 39,467 1,347,695 33,521 1,495,478 31,343 1,363,761 29,579 1,121,201 23,999 1,336,645 27,641 1,637,035 27,335 18,836,672 494,156

Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Sum

Value of Sales to the Value of Sales to World (USD 1,000) China (USD 1,000) 31,762,398 7,885,970 29,839,216 7,087,528 29,517,934 6,789,008 31,462,985 7,153,329 29,016,514 6,207,988 29,090,967 6,167,515 34,875,316 8,991,619 38,822,980 10,013,421 42,707,225 9,260,534 44,539,219 9,669,503 57,453,514 13,741,744 63,136,764 11,591,658 462,225,032 104,559,817

Value Proportion 3.69% 3.27% 3.03% 2.88% 2.73% 2.63% 2.49% 2.10% 2.17% 2.14% 2.07% 1.67% 2.57%

Global Sales Volume (Ton) 20,615 47,098 85,846 78,496 60,736 46,114 31,075 30,206 20,767 26,676 31,613 54,370 533,612

Export Weight to China (Ton) 511 1,296 3,621 1,686 1,141 869 416 394 232 266 314 655 11,403

Weight Proportion 2.48% 2.75% 4.22% 2.15% 1.88% 1.89% 1.34% 1.31% 1.12% 1.00% 0.99% 1.21% 1.86%

Table 6. Statistics of Machine Export from Taiwan, 2011-2022 Value Proportion 24.83% 23.75% 23.00% 22.74% 21.39% 21.20% 25.78% 25.79% 21.68% 21.71% 23.92% 18.36% 22.85%

Global Sales Volume (Ton) 1,977,815 1,847,431 1,783,830 1,910,399 1,787,104 1,728,499 1,898,879 1,916,983 1,751,798 1,591,739 1,869,892 1,754,018 21,818,387

Export Weight to China (Ton) 487,076 397,156 390,487 395,922 336,390 342,469 440,195 446,715 361,536 356,472 428,465 359,552 4,742,435

Weight Proportion 24.63% 21.50% 21.89% 20.72% 18.82% 19.81% 23.18% 23.30% 20.64% 22.40% 22.91% 20.50% 21.69%

Table 7. Taiwan's Top Six Export Destinations in 2022 Destination

China

U.S.A

Hong Kong

Europe

Japan

South Korea

Export Value (USD 1,000)

121,092,996

75,052,059

64,782,182

40,232,875

33,608,899

22,178,146

25%

16%

14%

Export Proportion

According to statistics, Taiwan's total export value in 2022 was US$479,415,230,000. The top export destination was China at US$121,092,996,000, followed by the United States at 75,052,059,000, Hong Kong at US$64,782,182,000, Europe at US$40,232,875,000, Japan at US$33,608,875,000, and South Korea at US$22,178,146,000. Table 7 lists Taiwan's top six export destinations in 2022. In terms of Taiwan’s total export value, China shared 25% and it goes up to 39% if we add Hong Kong’s share which was 14%. The importance of China to Taiwan's exports is self-evident. Among the greements Taiwan has signed with the top 6 export destinations, ECFA between Taiwan and China is the only zero-tariff economic and trade agreement. August 24, 2023, the spokesman of Mainland Affairs Council located in Taiwan said, "China's pressing on Taiwan is no winwin for anyone. We wouldn’t expect to see China rashly suspend ECFA. ECFA is in line with the spirit of WTO. Taiwan and China both have joined WTO, hoping to steadily break tariff and non-tariff barriers between both sides. Now with ECFA in effect, different opinions should be put on the table and resolved by the book instead of terminating the agreement abruptly.” Taiwan government has also expressed its hope that ECFA will continue.

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If ECFA is stopped, the impact on Taiwan's fastener industry is limited, but there is a pitfall. RCEP has come in force since Januar y 1, 2022, and it aims to bring tariff down to zero for 90% of traded products. Plus, Taiwan’s value of export to RCEP member countries continues to increase. It is concerning that Taiwan has not had any FTA with RCEP member countries. Taiwan is not a part of CPTPP. If the benefits with the ECFA early harvest list discontinue, Taiwan's conventional industries will immediately suffer an impact on its trade with China. In an international trade structure with escalating difficulties, it is hoped that Taiwanese and Chinese governments can keep good economic and trade relations and that the ECFA early harvest list will continue in effect. Copyright owned by Fastener World / Article by Dr. Wayne Sung

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Industry Focus

Navigating India's New BIS Certification Requirement for Fasteners Introduction In the ever-evolving landscape of global trade and manufacturing, staying ahead of regulatory changes is paramount for businesses seeking success and growth. India's recent adoption of mandatory certification r e qu i r e ment s for fa st ener s i s a monumental development that is poised to reshape the industry and influence companies worldwide. The Bolts, Nuts and Fasteners (Quality Control) Order, 2023 issued by the Indian Government is a directive that places emphasis on quality standards, especially the necessity for fasteners to bear the prestigious Bureau of Indian Standards (BIS) mark. Let's delve deeper into the implications of this transformative regulation for both local and international fastener suppliers.

The Bolts, Nuts and Fasteners (Quality Control) Order, 2023: An Overview The Bolts, Nuts and Fasteners (Quality Control) Order, 2023 is a legislative milestone that demonstrates the Indian Government's commitment to enhancing the quality and safety of fasteners in the country. Under this

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order, comprehensive quality norms are defined, encompassing a wide array of parameters that fasteners must meet to be eligible for sale, trade, import, and stocking in India. A pivotal point in this regulation is the insistence on fasteners bearing the Bureau of Indian Standards (BIS) mark.

Understanding the Significance of the BIS Mark The Bureau of Indian Standards (BIS) is India's premier authority for establishing and certifying product standards. Products displaying the BIS mark are an embodiment of quality, safety, and compliance with Indian standards. In the case of fasteners, the BIS mark is an affirmation that the product adheres to rigorous quality benchmarks. This certification necessitates conformity to specific parameters, including dimensions, strength, and material composition, ensuring that the fastener is entirely suitable for its intended application.

■ Challenges for Fastener Suppliers: • Compliance Costs: Fastener suppliers outside India interested in exporting to the Indian market must now allocate resources to ensure that their products meet BIS standards. This could involve substantial investments in adapting production processes, sourcing compliant materials, and establishing robust quality control measures. • Technical Adaptation and Certification Process: Acquiring the BIS mark can be an intricate and meticulous process. It typically involves comprehensive testing, documentation, and audit processes, which can be time-consuming and demanding. Suppliers must be prepared to meet these requirements to obtain the certification. Therefore, navigating the complex documentation and regulatory compliance processes associated with BIS certification can be a significant

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Industry Focus challenge. This includes maintaining accurate records, conducting regular audits, and staying updated on evolving standards. On the other hands, meeting the specific technical standards required for BIS certification can be a complex task. Suppliers may need to invest in research and development, technology upgrades, and specialized testing equipment to meet these standards. • Market Access: Non-BIS certified fasteners may find it challenging to gain entry to the Indian market, given the mandatory certification requirement. This presents a considerable barrier to entry, which could potentially limit the market potential for non-compliant products. • Supply Chain Challenges: Suppliers often rely on a global supply chain for materials and components. Adapting the entire supply chain to meet BIS standards can be logistically challenging, and it may result in increased costs and lead times. • Operational Cost: The process of conforming to BIS standards can be expensive. Suppliers may face increased production costs due to material changes, testing expenses, and compliance-related investments. This can impact pricing and profitability. • Competitive Landscape: With the new BIS certification requirement, the competitive landscape in India may shift. Suppliers who have already obtained the certification may have a competitive advantage, potentially making it more challenging for new entrants to gain a foothold in the market. • Local Knowledge and Expertise: Navigati ng t he intricacies of Indian regulatory requirements and standards may require local knowledge and expertise. Suppliers from outside of India may need to establish partnerships or engage local experts to assist in the certification process. • Timeliness and Market Entry: The certification process may take time, and suppliers could face challenges related to timing and market entry. Delaying market entry while navigating the certification process may lead to missed opportunities. • Monitoring and Compliance Maintenance: Once certified, suppliers must continuously monitor and maintain compliance with BIS standards. This includes keeping up with evolving standards and conducting periodic audits.

powerful differentiator. It not only reflects a commitment to quality but also assures Indian customers of the product's reliability and safety. This can foster trust and long-term loyalty. • Consulting and Advisory Services and BIS Certification Agencies: Provide consulting services to companies looking to understand and comply with the new BIS cer tification requi rements. Offer guida nce on t he application process, documentation, and compliance p ro c e du r es. O n t he ot her h a nd s, est abl ish a BIS certification agency or partner with existing ones to assist manufacturers in obtaining the required certifications for their fasteners. • Grow ing Market: I ndia's ma rket for fasteners is experiencing remarkable growth. The Indian industrial fasteners market was valued at USD9,064 million in 2022 and is projected to reach USD17,868 million by 2030, registering a CAGR of 7.9%during the forecast period (2023 -2030). T he dema nd for high-quality products, bearing the BIS mark, remains consistently high. Suppliers with this certification are well-positioned to benefit from this expansion. • Exporting to Indian specialists: Specialize in handling exports of fasteners to India. Ensure that all imported products meet BIS certification standards and then suppliers who adapt to these new regulations can still access the Indian market, which is marked by a substantial consumer base and promising business opportunities. By aligning with BIS standards, they can tap into a market that is expanding and evolving.

Conclusion In conclusion, India's recent implementation of the BIS certification requirement for fasteners is a significant development that underscores the Indian Government's commitment to enhancing product quality and safety. While this move does pose considerable challenges for non-BIS certified fastener suppliers, it simultaneously presents opportunities for those who choose to invest in compliance and quality assurance. As India's manufacturing sector continues to thrive, fastener suppliers that embrace these changes are poised to thrive in this dynamic and evolving market. The importance of BIS certification cannot be overstated; it is a symbol of trust, quality, and adherence to rigorous standards that will undoubtedly shape the future of the fastener industry in India and beyond.

■ Opportunities for Fastener Suppliers: • Quality Assurance: For fastener suppliers willing to invest in quality and compliance, the BIS mark can be a

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Technical cooperation with USA and Japan and

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BUYERS' GUIDE

2024 2024 Buyers’ Guide 螺絲世界年鑑特刊

SCREW / NUT / FASTENER / TOOL / MACHINE / OTHERS

SUPPLIERS DIRECTORY 全球採購供應商名錄

BUYERS’ GUIDE

All-in-one Supplier List in the Palm of Your Hand In the era of drastic changes, the one thing that stays undeniably true is finding as many supply sources as possible in the shortest time frame at a minimal cost. What you need more than ever is a specialized supplier list to help you find targets in just a few hours, even in minutes! This 2024 Buyers’ Guide features a well-acclaimed suppliers directory containing suppliers of finished/semifinished fasteners, wire coils/rods, raw materials, molds and dies, processing machines, secondar y processing equipment and peripheral logistics service, who boast good manufacturing technique and high quality products. The suppliers’ information is available in print here and online, and helps you find the best sources, making your purchase more efficient.

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Fasteners and Tools p427~484 Machinery, Tooling and Others p485~496 Scan QR Codes and Read in Full Want to put your interested suppliers on your phone? Scan the codes and access suppliers’ dedicated web page to view product listing and images, service content, patent/ certificate records, interview reports, exhibition records and future announcements. Add the page in your phone browser and read on the go.

Need more? Do an online keyword search here: https://www.fastener-world.com/keyword.php Access our hassle-free fastener intelligence hub: https://www.fastener-world.com/

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Association

Upcoming Events of

Global Fastener Associations ▼ Pacific-West Fastener Association Event: Holiday Party Date: December 7, 2023 Location: Holiday Inn, La Mirada, CA

▼ North Coast Fastener Association Event: NCFA Holiday Bash Date: December 7, 2023 Location: Pins Mechanical Company

▼ German Screw Association eV Event: Technical Committee Date: January 18, 2024 Location: Haus der Stahlformung GbR, Goldene Pforte 1, 58093 Hagen Event: Ordinary general meeting (OMV) Date: June 14, 2024 Location: (to be determined)

▼ Industrial Fasteners Institute (IFI) Event: Spring Meeting Date: March 02-05, 2024 Location: Hyatt Regency Coconut Point

▼ Mid-Atlantic Fastener Distributors Association (MAFDA) Event: Annual Golf Outing Date: May 09, 2024 Location: The White Clay Creek Country Club

▼ New England Fastener Distributors Association Event: March Madness Bowling Event Date: March 21, 2024 Location: High Rollers at Foxwood Resort & Casino Event: NEFDA Scholarship Golf Outing Date: June 4, 2024 Location: Southington Country Club

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面有拉頁--厚版