Fastener-World Magazine No.207_Global Version

Yuh Chyang Hardware-

Latest Machines from Japan and Firm Presence in European and U.S. Auto Parts Market

Aftermoving into the new 3,636 sq. m plant in 2017, Taiwanese CNC parts machining specialist Yuh Chyang Hardware has continued to improve its technology and services over the past 7 years, and is able to satisfy customers’ needs from different industries for various types of precision components. It has not only made Taiwan's mature CNC machining technology visible to the markets of Europe and the U.S., but also provides a faster path for its customers to pursue the goal of higher value-added products.

All Advanced Machines In-house are from Japan

Yuh Chyang has been always well known for its CNC machining technology. It is capable of producing products made of various materials, of high hardness, or with machining difficulty, and has taken the lead in the industry in terms of consistent quality and machining precision. In order to meet customers’ demands for the high quality and precision of products, Yuh Chyang uses the most advanced CNC machines of Japan brand, renew its facilities from time to time to achieve its machining precision, and has installed energy-saving and carbonreducing equipment to ensure that the finished products meet the stringent requirements of each customer. Yuh Chyang President Tsay Sheng Tzeng said, "Japanese machines are more stable and require less maintenance, allowing our technicians to serve different customers' processing needs more efficiently and achieve better product quality and yield rate.”

Specialized in the Automotive Sector; 80-90% of Products Sold to European and U.S. Customers

In recent years Yuh Chyang has been successful in establishing its presence in the automotive CNC parts supply chain. In addition to the supply of the critical parts in transmission and heating system for fuel cars, it has also secured a number of orders for charging plugs of EV cars. Through close cooperation with T2 parts, distributors in Europe and the U.S., about 90% of its products are sold to the European and U.S. automotive markets. President Tzeng said, "The rise of the EV market has boosted our performance, and we’ve seen significant growth in the past few months due to continued orders from existing customers, demand for new products, and orders from new customers. We’re pleased with the growth of our sales in these months and are committed to specialization. Even though the entry barrier of the automotive field is relatively high, our experience in acquiring IATF 16949-related certification has been mature, which is why we can continue to generate high customer satisfaction.”

Emphasis on Education and Training; Technicians Themselves Can Fix the Equipment

Recognizing that quality can only be achieved with the participation of all employees, Yuh Chyang has put a lot of efforts into production management and employee training. It has not only set up a display board in the plant to report production line problems, customer requirements, and annual goals to remind all employees, but also arranged courses to transfer product design techniques and familiarize employees with the latest industry requirements (e.g., energy saving and carbon reduction).

Yuh Chyang contact: President Tsay Sheng Tzeng

Email: yc.cnc@msa.hinet.net

▲ Advanced projector inspection equipment

▲ Advanced 3D inspection equipment

President Tzeng said, "We’ve been always at the forefront of customers' requirements, and emphasize employee participation and self-achievement and are willing to encourage them to achieve customers’ high quality requirements through incentives to further enhance customer confidence. In the future, we hope to continue to let more customers know about our dedication and efforts in pursuing high quality through Fastener World Magazine's international marketing expertise."

▼ Onsite machines status report board

Yuh Chyang President Tsay Sheng Tzeng

181 310EXPRESS COMPANY (Japan)

Security, Tamper Proof, Anti-theft Screws...

280 A-PLUS SCREWS INC.

Chipboard Screws, Customized Special Screws / Bolts...

121 A-STAINLESS INTERNATIONAL CO., LTD. 淳康

Chipboard Screws, Concrete Screws, Deck Screws...

215 A. JATE STEEL CO., LTD.

All Kinds of Nuts, All Kinds of Screws, Automotive Screws...

201 A.I.M.Y. CO., LTD.

Special Parts...

正楓

宸欣

318 ABC FASTENERS CO., LTD. 聯欣

Drop-in Anchors, Expansion Anchors, Wire Anchors...

90 ACHILLES SEIBERT GMBH (Germany)

Tapping Screws, Drilling Screws, Thread Rolling Screws...

94 AEH FASTEN INDUSTRIES CO., LTD. 鉞昌

Clevis Pins, Dowel Pins, Hollow Rivets...

41 ALEX SCREW INDUSTRIAL CO., LTD. 禾億

Button Head Cap Screws, Button Head Socket Cap Screws...

88 AMBROVIT S.P.A. (Italy)

Chipboard Screws, Combined Screws, Machine Screws...

92 AMPLE LONG INDUSTRY CO., LTD. 寬長

Hollow Rivets, Drive Rivets, Semi-tubular Rivets...

290 AN CHEN FA MACHINERY CO., LTD. 安全發

Straight Line Wire Drawing Machines with Computer Control...

330 ANCHOR FASTENERS INDUSTRIAL CO., LTD. 安拓

ETA Series, Anchor Bolts, Anchor Nuts, Automotive Parts...

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

44 ARUN CO., LTD. 鉅耕

Bi-metal Screws, Chipboard Screws, Drywall Screws...

128 ASCCO INTERNATIONAL CO., LTD. 今大唯

Chipboard Screws, Drywall Screws, Wood Screws, Tapping Screws...

130 AUTOLINK INTERNATIONAL CO., LTD. 浤爵

Automotive Screws, Machine Bolts, Flange Nuts...

99 BCR INC.

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

必鋮

217 BEAR FASTENING SOLUTIONS, INC. 雄益 IFI, DIN, ISO, JIS standard, Drywall Screws, Decking Screws

137 BERDAN CIVATA SAN. A.S. (Turkey) Standard / Special / Metric / Inch Fasteners

101 BESTWELL INTERNATIONAL CORP. 凱壹 Eye Bolts, Flanged Head Bolts, Hanger Bolts...

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

30 BI-MIRTH CORP. 吉瞬 Stainless Steel Screws, Chipboard Screws, Timber Screws...

4 BOLTUN CORPORATION

Automotive Screws, Bushes, Conical Washer Nuts...

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

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

82 CHI HUNG RIVETS WORKS CO., LTD. 吉宏 Blind Rivets, Hollow Rivets, Solid Rivets, Split Rivets...

300 CHI NING COMPANY LTD.

Machine, Nuts, Tooling...

50 CHIAN YUNG CORPORATION 將運 SEMS Screws

213 CHIEH LING SCREWS ENTERPRISE CO., LTD. 捷領

Screws, Nuts, Hexagon Keys, Lug Wrenches, Rivets...

294 CHIEN TSAI MACHINERY ENTERPRISE CO., LTD. 鍵財

Thread Rolling Machines

267 CHIN LIH HSING PRECISION ENTERPRISE (CLH) 金利興

Automotive Nuts, Brass Inserts, Bushes, Bushings...

286 CHING CHAN OPTICAL TECHNOLOGY CO., LTD. 精湛

Eddy Current Sorting Machines, Fastener Makers...

197 CHIREK FASTENER CORPORATION 錡瑞

Stainless Steel Fasteners, Self-Drilling Screws, Washers...

58 CHONG CHENG FASTENER CORP.

62

Cap Nuts, Coupling Nuts, Conical Washer Nuts...

CHUN YU WORKS & CO., LTD. 春雨

Drywall Screws, Socket Head Cap Screws , TC Bolt Sets...

153 CONTINENTAL PARAFUSOS S.A. 巴西商友暉

221

98

Automotive Part & Nut, Home Appliance Screws, Sems...

COPA FLANGE FASTENERS CORP.

Hex Nuts, Hex Flange Nuts, Combi Nuts, Weld Nuts...

CPC FASTENERS INTERNATIONAL CO., LTD.

Stainless Steel, Bi-metal Self-drilling Screws...

21 DA YANG ENTERPRISE CO., LTD.

Special Automotive Nuts, Special Weld Nuts...

106 DAR YU ENTERPRISE CO., LTD.

Chipboard Screws, Drywall Screws, Screw Nails…

109 DE HUI SCREW INDUSTRY CO., LTD.

177

Drywall Screws, Decking Screws, Self-drilling Screws, Roofing Screws...

DICHA FASTENERS MFG

Expansion Anchors, Sleeve Anchors, Nylon Nail Anchors...

DIING SEN FASTENERS INDUSTRIAL CO., LTD.

Chipboard Screws, Corrosion Resistant Screws...

47 DIN LING CORP. 登琳

Chipboard Screws, Drywall Screws, Furniture Screws...

83 DRA-GOON FASTENERS CO., LTD.

Chipboard Screws, Phillips Head Screws, TEK Screws...

102 DUNFA INTERNATIONAL CO., LTD.

Bushes, Spacers, Automotive Parts, Tubes, Turning Parts...

24 E CHAIN INDUSTRIAL CO., LTD.

Chipboard Screws, Drywall Screws, Machine Screws...

114 E.U.R.O.TEC GMBH (Germany)

All Kinds of Screws, Bi-metal Self-drilling Screws...

218 EASON TECH INDUSTRIAL CO., LTD.

Spring Pins, Cage Nuts, Clip Nuts, Retaining Rings...

151 EASYLINK INDUSTRIAL CO., LTD.

Automotive Nuts, Thread Forming Screws...

216 EMEK RIVETS & FASTENERS CO. LTD. (Turkey)

Rivet Nuts, Spacers & Round Nuts, Tubular Rivets, Special Screws...

211 EVERWIN PNEUMATIC CORP.

Hidden Deck Fastening System, Coil Nailers, Staplers, Strip Nailers...

175 FAITHFUL ENGINEERING PRODUCTS CO., LTD.

Anchors, Box Nails, Door/Window Accessories...

78 FALCON FASTENER CO., LTD.

Automotive & Motorcycle Special Screws / Bolts...

FANG SHENG SCREW CO., LTD.

Shoulder Bolts, Button Head Socket Cap Screws...

117 FAR SRL (Italy)

Blind Rivets, Rivet Nuts, Riveting Tools...

25 FASTENER JAMHER TAIWAN INC.

Automotive Nuts, Blind Nuts / Rivet Nuts, Bushings...

37 FASTNET CORP.

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

125 FILROX INDUSTRIAL CO., LTD.

Blind Nuts / Rivet Nuts, Tee or T Nuts, Blind Rivets...

42 FONG PREAN INDUSTRIAL CO., LTD.

Automotive Screws, Bi-metal Screws, Brass & Bronze Screws...

23 FORTUNE BRIGHT INDUSTRIAL CO., LTD.

Cap Nuts, Dome Nuts, Nylon Cap Insert Lock Nuts...

305 FRATOM FASTECH CO., LTD.

Hot Forming Tools, Punches & Sleeves, Dies, Machinery Accssories...

76 FU HUI SCREW INDUSTRY CO., LTD.

Automotive & Motorcycle Special Screws / Bolts...

147 FU KAI FASTENER ENTERPRISE CO., LTD.

Precision Electronic Screws, Special Screws, Weld Screws...

60 FUSHANG CO., LTD.

Carbon Steel Screws, Chipboard Screws, Concrete Screws...

159 GA-E INDUSTRIAL PRECISION CO., LTD.

Titanium Alloy Bolts

295 GIAN-YEH INDUSTRIAL CO., LTD.

Rivet Dies, Self-drilling Screw Dies, Screw Tip Dies...

180 GINFA WORLD CO., LTD. 濟音發

Chipboard Screws, Countersunk Screws, Drywall Screws...

220 GLORBAL SALES COMPANY LIMITED

Various Stamping Products, Multi-process Assembly Parts...

142 GOFAST CO., LTD.

Open Die Parts, Stamping Parts, Assembly Parts...

309 GREENSLADE & COMPANY, INC. (U.S.A.)

Concentricity, Ring Gage, Plug Gage Calibration, Gages...

107 HAO CHENG PLASTIC CO., LTD.

PP Boxes, PET Jars, ABS Boxes, PC Boxes..

189 HARVILLE FASTENERS LTD.

喬邁

303 INFINIX PRECISION CORP. 英飛凌

Customized Punches and Dies

46 INMETCH INDUSTRIAL CO., LTD. 恆鉅

Flanged Head Bolts, Locking Bolts, Stud Bolts...

91 INNTECH INTERNATIONAL CO., LTD. 建豪

All Kinds of Nuts, All Kinds of Screws, Automotive Special Screws...

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

10 J.C. GRAND CORPORATION 俊良

All Kinds of Screws, Chipboard Screws...

22 JAU YEOU INDUSTRY CO., LTD.

Chipboard Screws, Drywall Screws, High Low Thread Screws...

朝友

195 JENG YUH PLASTICS CO., LTD. 政毓

Plastic Injection Products, Plastic Mold R&D…

328 JERN YAO ENTERPRISES CO., LTD. 正曜

Multi-station Cold Forming, Parts Forming Machines...

36 JET FAST COMPANY LIMITED

捷禾 Blind Nuts / Rivet Nuts, Aircraft & Aerospace Washers...

307 JIE LE MACHINERY CO., LTD.

Consolidation of Artificial Intelligence Equipment

133 JIEN KUEN ENTERPRISE CO., LTD.

捷仂

健坤 Hexagon Nuts, Nylon Cap Insert Lock Nuts, Square Nuts...

254 JINGFONG INDUSTRY CO., LTD.

璟鋒 Hex Nylon Insert Lock Nuts, Wing Nuts with Nylon Insert...

143 JOINTECH FASTENERS INDUSTRIAL CO., LTD.

Customized Parts, Bolts, Screws, Nuts, Automotive Parts...

45 JOKER INDUSTRIAL CO., LTD.

群創

久可 Hollow Wall Anchors, Concrete Screws, Jack Nuts...

134 JUNGSHEN TECHNOLOGY CO., LTD.

Bi-metal Screws, Automatic Welding & Automatic Inspection...

榮燊

皓正

豪威爾

Special Screws and Bolts, Sems Screws, Stainless Steel Fasteners...

205 HAUR FUNG ENTERPRISE CO., LTD. 豪舫

External Tooth Washers, Long Carriage Bolts, Roofing Bolts...

282 HEADER PLAN CO. INC.

Chipboard Screws, Collated Screws, Deck Screws...

209 HEY YO TECHNOLOGY CO., LTD.

Precision Pins, Rollers, Dowel Pins...

166 HISENER INDUSTRIAL CO., LTD.

恆勇

海迅

Wood Construction Screws, Chipboard Screws, Drywall Screws...

241 HOMEYU FASTENERS CO., LTD. 宏宇

Cold Forging Stage, Machine Molds, Lathe, CNC Machining...

301 HONG TAY YUE ENTERPRISE CO., LTD. 鴻大裕

Wire Straighteners, Hydraulic Clamping Machines...

148 HOSHENG PRECISION HARDWARE CO., LTD. 和昇

Auto Parts, CNC Machined Parts, Bolts...

93 HSIN JUI HARDWARE ENTERPRISE CO., LTD. 欣瑞

Bushes, Construction Bolts, Special Cold / Hot Forming Parts...

178 HSIN YU SCREW ENTERPRISE CO., LTD. 新雨

Acme Screws, Hexagon Head Cap Screws...

51 HU PAO INDUSTRIES CO., LTD. 如保

Automotive Nuts, Flange Nuts, Hexagon Nuts...

191 HUANG JING INDUSTRIAL CO., LTD. 皇晉

Custom Washers, Chipboard Screws, Drywall Screws...

183 HWEI NEN CO., LTD. 輝能

Automotive & Motorcycle Special Screws / Bolts...

288 K. TICHO INDUSTRIES CO., LTD.

帝潮 Nails, Screws, Bolts & Nuts Machiner

229 KAN GOOD ENTERPRISE CO., LTD.

鋼固 Fastener, Hardware, Plastic, Instruction Booklet Package in Bags...

239 KAO WAN BOLT INDUSTRIAL CO., LTD.

高旺 Hex Head Cap Screws, Carriage Bolts, Hex Lag Bolts...

96 KING CENTURY GROUP CO., LTD.

慶宇 Drop-in Anchors, Self-drilling Anchors, Sleeve Anchors...

313 KING SHANG YUAN MACHINERY CO., LTD. 金上源 Hydraulic Press for Lock Nut, Assembly

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

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

74 KWANTEX RESEARCH INC.

寬仕 Chipboard Screws, Wood Construction Screws, Deck Screws...

124 L & W FASTENERS COMPANY

Construction Fasteners, Flat Washers, Heavy Nuts...

219 LI YOU SCREW INDUSTRY CO., LTD.

金大鼎

立侑 Automotive / Sems / Nylock / CNC Machined Screws...

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

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

244 LIANG YING FASTENERS INDUSTRY CO., LTD. CNC Machining, CNC Milling, Turned Parts...

193 LINK-PRO TECH CO., LTD.

超傑 Customized Screws/Nuts, Pressing & Deep Drawing...

332

LINKWELL INDUSTRY CO., LTD.

All Kinds of Screws, Automotive & Motorcycle Special Screws...

順承

15 LOCKSURE INC. 今湛

Custom Washers, Flat Washers, Automotive Screws...

171 LOYAL & BIRCH CO., LTD. 龍業百起

Construction Fasteners and Building Fasteners

95 MAC PRECISION HARDWARE CO.

Turning Parts, Precision Metal Parts, Cold Forged Nuts...

20 MASTER UNITED CORP.

Chipboard Screws, Drywall Screws, Furniture Screws...

66 MAUDLE INDUSTRIAL CO., LTD.

Button Head Socket Cap Screws, Flange Washer Head Screws...

165 MAXTOOL INDUSTRIAL CO., LTD.

Plastic Screws, Drop-in Anchors, Expansion Anchors...

鑫瑞

永傑

茂異

系格

187 METECK ENTERPRISES CO., LTD. 商后

Automotive Fasteners, Brass Screws (Bolts), Building Fasteners...

16 MIN HWEI ENTERPRISE CO., LTD. 明徽

Button Head Socket Cap Screws, Chipboard Screws...

279 MIT INDUSTRIAL ACCESSORIES CORP.

Stamping Hardware, Bolts, Nuts, CNC Screw Machine Parts...

246 MOLS CORPORATION

侑威

冠鑫

Home Appliance Screws, Customized Screws, Thread Forming Screws...

132 MOUNTFASCO INC. 崎鈺

All Kinds of Screws, Alloy Steel Screws, Automotive Screws...

126 NCG TOOLS INDUSTRY CO., LTD.

Tools for Fastening Anchors, Blind Nuts / Rivet Nuts...

81 ND INDUSTRIES ASIA INC.

ND Pre-Applied Processes, Advanced Sealing Technologies...

185 NOVA. FASTENER CO., LTD.

Hexagon Nuts, Square Nuts, Wood Screws, Chipboard Screws...

172 PAKWELL CORPORATION

Bi-metal Screws

108 PENGTEH INDUSTRIAL CO., LTD.

SEMs Screws, Special Screws, Binder Screws, PT Screws...

穩得

鑫星

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

316 SHANGHAI FAST-FIX RIVET CORP. 飛可斯

Blind Rivets, High Shear Rivets, Closed End Rivets...

136 SHAW GUANG ENTERPRISE CO., LTD. 紹光

Cap Nuts, Conical Washer Nuts, Flange Nuts...

293 SHEEN TZAR CO., LTD. 新讚

Self-Drilling Screw Machines & Dies

222 SHEH FUNG SCREWS CO., LTD.

224

97

48

84 PPG INDUSTRIES INTERNATIONAL INC. 美商必丕志

Chromium-free Coating, ED Coating...

173 PRO POWER CO., LTD.

鉑川 Screws, Bolts...

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

150 Q-NUTS INDUSTRIAL CORP.

Flange Nuts, Weld Nuts, Special Nuts, Spacers...

141 QST INTERNATIONAL CORP.

Hexagon Head Bolts, Square Head Bolts, Weld Bolts (Studs)...

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

243 S&T FASTENING INDUSTRIAL CO., LTD.

Carbon Steel Screws, Bi-metal Screws, Stainless Steel Screws...

2 SAN SHING FASTECH CORP.

Automotive Nuts, Automotive Parts, Carbide Dies...

265 SCREWTECH INDUSTRY CO., LTD.

Machined Parts, Thumb Screws, Micro Screws...

Chipboard Screws, Countersunk Screws, Wood Screws...

SHEH KAI PRECISION CO., LTD. 世鎧

Bi-metal Concrete Screw Anchors, Bi-metal Screws...

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

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

168 SHIN CHUN ENTERPRISE CO., LTD.

Automotive Screws, Chipboard Screws, Customized Screws...

140 SHIN JAAN WORKS CO., LTD.

Flanged Head Bolts, Long Carriage Bolts, Round Head Bolts...

112 SHUENN CHANG FA ENTERPRISE CO., LTD. 舜倡發

Long Construction Fasteners and Other Modified Fasteners...

163 SIN HONG HARDWARE PTE. LTD. (Singapore)

26

Hexagon Nuts, Hexagon Head Bolts, Blind Rivets...

SPEC PRODUCTS CORP. 友鋮

Lincensee Fasteners, Turned/Machined Parts...

12 SPECIAL RIVETS CORP.

Blind Nuts / Rivet Nuts, Blind Rivets, Air Riveters...

155 SPRING LAKE ENTERPRISE CO., LTD. 春澤 Chipboard Screws, Thread Forming Screws...

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

315 SUN FAME MANUFACTURING CO., LTD. 商匯

Shank Slotting Machines, Screw Point Cutting Machine...

149 SUN THROUGH INDUSTRIAL CO., LTD.

Bi-Metal Screws, Carbon Steel Screws, Stamped Parts...

80 SUNCO INDUSTRIES CO., LTD. (Japan)

Distributor Specializing in Fasteners

79 SUPER DPD CO., LTD.

All Kinds of Screws, Bi-metal Screws, Carbon Steel Screws...

157 SUPREME FASTENER CORP. 至晟

Bolt & Screw, Special Fastener, Sems, Copper Bolt...

306 TAIEAG CORPORATION

Designed peripheral equipment suitable for fastener packaging

308 TAIWAN INTERNATIONAL TOOL FORM LTD.

Nut Forming Dies, Parts Forming Dies, Bolt Forming Dies...

161 TAIWAN LEE RUBBER CO., LTD. 台力

Bonded Washers, E.P.D.M. Vulcanized, Pipe Flashing...

203 TAIWAN PRECISION FASTENER CO., LTD.

Drywall Screws, Wood Construction Screws, Roofing Screws...

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

116 TANG AN ENTERPRISE CO., LTD. 鏜安

Customized Automotive Parts and Special Fasteners

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

113 THUNDERBOLT INDUSTRIAL CO., LTD. 雷霆 Combined Screws, Customized Special Screws/Bolts...

54 TONG HEER FASTENERS (THAILAND) CO., LTD.

Stainless Steel Metric Screws, Stainless Steel Screws…

54 TONG HEER FASTENERS CO., SDN. BHD (Malaysia)

Hex Bolts, Stud Bolts, Socket Cap Screws, Hex Nuts…

207 TONG HO SHING INTERNATIONAL CO., LTD. 桐和興

Hex Washer Head Screws, Indent Hex Head Screws...

18 TONG HWEI ENTERPRISE CO., LTD. 東徽

A2 Cap Screws, Button Head Socket Cap Screws...

55 TONG MING ENTERPRISE CO., LTD. 東明

Stainless Steel Fasteners, Wire Rods…

120 TSAE FARN SCREWS HARDWARE CO., LTD. 采凡

2 Cap Screws, Aircraft Nails, All Kinds of Screws...

138 TSIN YING METAL INDUSTRY CO., LTD. 晉英

Stainless Steel Cold Heading Wire, Oxalate Coating Wire...

292 TZE PING PRECISION MACHINERY CO., LTD. 智品

Open Die Machines, Cold Headers, Cold Forming Machines...

211 U.S. FASTENER IMPORT & TRADING (U.S.A.)

Standard and OEM Fasteners

129 UNISTRONG INDUSTRIAL CO., LTD. 六曜

Retaining Nuts, Sleeve Nuts, Weld Nuts, Automotive Screws...

216 UNIVERSAL PRECISION SCREWS (India)

Dowel Pins and Shoulder Bolts...

40 VERTEX PRECISION INDUSTRIAL CORP. 緯紘

6 Cuts/ 8 Cuts Self Drilling Screws, Barrel Nuts, Cap Screws

186 WAN IUAN ENTERPRISE CO., LTD. 萬淵 Punches/Dies of Various Nuts, Screws, Sleeves and Socket Boxes 56 WE POWER INDUSTRY CO., LTD.

Chipboard Screws, Concrete Screws, Drywall Screws... 118 WEIMENG METAL PRODUCTS CO., LTD.

Standard / Customized Parts, Machining Parts, Stamping Parts... 199 WEI-SHEN INDUSTRIAL FACTORY

Split Rivets, Bifurcated Rivets...

320 WILLIAM SPECIALTY INDUSTRY CO., LTD.

Chipboard Screws, Concrete Screws, Drywall Screws...

WINKEP INDUSTRIAL CO., LTD.

K-Lock Nuts, Nylon Flange Conical Washer Nuts... 38 WYSER INTERNATIONAL CORP.

Open-Die Parts, Automotive Parts... 323 YESWIN MACHINERY CO., LTD.

Bolt Formers, Multi-station Cold Forming Machines...

YI CHUN ENTERPRISE

Cap Screws, Socket Set Screws, Cage Nuts, Automotive Parts...

Rubber Washers, Plastic Screws, Custom Washers...

110 YING MING INDUSTRY CO., LTD.

Automotive & Motorcycle Special Screws / Bolts...

100 YING YI CO., LTD.

Sems Parts, Special Nuts, Pressed Parts...

29 YOUR CHOICE FASTENERS & TOOLS CO., LTD.

A2 Cap Screws, Bits & Bit Sets, Chipboard Screws... 326 YOW CHERN CO., LTD.

Flanged Head Bolts, Chipboard Screws, Floorboard Screws... 65 YUH CHYANG HARDWARE INDUSTRIAL CO., LTD. 鈺強

Automotive & Motorcycle Special Screws / Bolts...

314 YUH HER PRECISION CO., LTD.

Drill-Point Dies

122 YUNG KING INDUSTRIES CO., LTD.

Dowel Pins, Roll Pins, Self-locking Pins, Cotter Pins, Split Pins...

Machines & Equipment

290 AN CHEN FA MACHINERY CO., LTD. 安全發

297 BIING FENG ENTERPRISE CO., LTD. 秉鋒

294 CHIEN TSAI MACHINERY ENTERPRISE CO., LTD.

286 CHING CHAN OPTICAL TECHNOLOGY CO., LTD.

309 GREENSLADE & COMPANY, INC. (U.S.A.)

301 HONG TAY YUE ENTERPRISE CO., LTD.

328 JERN YAO ENTERPRISES CO., LTD.

JIE LE MACHINERY CO., LTD.

K. TICHO INDUSTRIES CO., LTD.

KING SHANG YUAN MACHINERY CO., LTD.

KING YUAN DAR METAL ENTERPRISE CO., LTD.

KUANG TAI METAL INDUSTRIAL CO.,

TZAR CO., LTD.

FAME MANUFACTURING CO.,

Dies

Protector of Taiwan’s Fastener Value

Electrocoating Pioneer

Globally-known PPG is an industry-leading coatings provider. They have shaped the industry’s cutting-edge R&D technology and provide complete offerings to serve clients in the construction, manufacturing, auto and consumer product markets. Headquartered in Pittsburgh, USA, PPG has a footprint in more than 70 countries around the world.

In 1976, PPG was ahead of the curve when it successfully developed an electrocoating technology using cathodic epoxy electrocoat to replace the anodic ecoat technolgy and introduced it in the automotive industry. In 2001, PPG introduced a product standard using this technology specifically for the fastener industry. Today this technology is widely used in the construction fastener, automotive and industrial markets.

In 2006, PPG entered Taiwan as its first stronghold in Asia. They established PPG AllTech Engineered Finishes in Kaohsiung to bring electrocoating technology to Taiwan’s fastener market and supplement value into Taiwan's industrial and automotive fastener products. PPG AllTech now plays a key role in stabilizing the quality of Taiwan's fastener supply chain.

Reappearance in Fastener Taiwan 2024 Connecting Taiwan and the World with Electrocoating Business Opportunities

Serving Taiwanese clients for many years, PPG sees Fastener Taiwan as an important fastener show to interact with Taiwanese clients. The clients also bring their overseas partners to the show to discuss needs and market trends with PPG. Fastener Taiwan is the go-to show for PPG to exhibit.

In an exclusive interview, PPG revealed to Fastener World that it specifically targets clients of customized small screws and construction screws at this show because PPG utilizes a different and unique processing method called electrocoating. Electrocoat is deposited uniformly to lay an even film build on all areas of the screw, including recess walls and thread crests. This is the key feature for maintaining highly loyal clients in Taiwan. "We are best at coating customized small screws and construction screws, because these screws have many variations of shape and can best take advantage of our coating service. We can perfectly handle other types of fastener products as well. We can provide the best surface protection and help your products maximize performance,” said PPG.

PPG’s electrocoating technology has four characteristics that stand out in the industry.

1. Corrosion and Acid Resistant, Doubled Product Life: Typical salt spray tests (ASTM B117) show increased corrosion resistance up to more than 2,000 hours. Acid resistance up to 30 cycles in an acid rain test. Passed Nordic NORDTEST-method NT MAT 003 C4 and ASTM G85 Annex-5 500 cycles tests.

2. Precise, No Recess Fill, No Thread Galling: The cathodic epoxy electrocoating technology produces paint particles that adhere and evenly deposit on the surface of fasteners through electrophoresis. A consistent film is formed and evenly covers the gaps and corners of the fastener. Film build can be precisely controlled to prevent recess fill and thread galling.

3. No Hydrogen Embrittlement, Meeting Specified Torque Requirement: PPG’s ElectropolysealTM III coating uses a thin film of phosphate as a primer to release hydrogen ions from pores of the surface to prevent hydrogen embrittlement. Torque modification is also added so that fasteners can meet the torque requirements of automotive and construction customers.

Contact: Business Director Julia Lin Email: julialin@ppg.com

4. Chromium-free & Eco-friendly Technology: PPG meets all the ever changing quality and environmental requirements throughout the world today.

Looking to Open up the Big European Market in the Future

PPG has found in recent years customer fastener inventory levels are starting to burn off after the pandemic, so the number of rush orders has increased, affecting the order acceptance and profit margin of Taiwan's fastener industry. PPG has pivoted and improved our efficiencies. As such, PPG has remained strong as the industry's demand for fastener electrocoating remains high. "From a global perspective, we also observed that the highest overseas demand for electrocoating is mainly from the US, while the demand and understanding of electrocoating in Europe is relatively low. Therefore, in the next five years, we will steadily tap into Europe and increase the local demand. In addition, we can work with Taiwanese companies to provide comprehensive consultation and electrocoating for all overseas clients. We can also provide on-site services at Fastener Taiwan or even at clients’ factories. Our technology is fully compliant with RoHS, and we hope for you to protect and beautify the world using our services!”

Copyright owned by Fastener World / Article by Dean Tseng

Congrats! President Yung-Yu Tsai

Elected as the 20 th Term of TIFI Chairman

Taiwan Industrial Fasteners Institute (TIFI), whose number of members has grown to 690, held the 20th term of new chairmen election and the 1st general members meeting of 2024 at HI-LAI Banquet in Kaohsiung on (Thu.) June 27, inviting representatives of the members from Northern, Central, and Southern Taiwan to join the event. In the Board of Directors meeting held earlier on the same day, Jinn Her Enterprise President Yung-Yu Tsai, who was formerly the Vice Chairman of TIFI, was voted by the board of directors to officially take over the position of the 20th term of Chairman from former TIFI Chairman Tu-Chin Tsai.

(Left to right) TIFI Chairman Yung-Yu Tsai, Kaohsiung Mayor Chen Chi-Mai, former TIFI Chairman Tu-Chin Tsai

Chairman Yung-Yu Tsai, who has been fully involved in TIFI's affairs and operation for the past years, said, "Thanks to all members and guests for your participation in this meeting. The general meeting of members is the annual important and meaningful event of TIFI. This year we have been busy with CBAM and Net Zero Emission issues, which have increased costs, and the economy is not doing well, but this is both a crisis and a turning point for the better. In addition, we would like to thank the Ministry of the Interior (Taiwan), Ministry of Economic Affairs (Taiwan), TAITRA, Chinese National Federation of Industries, MIRDC, Taiwan CSC and other related organizations for their counseling and support to the fastener industry, which have enabled Taiwan fastener industry to continuously enhance the competitiveness in the international market. Taiwan International Fastener Show has been successfully held in June this year, and the International Fastener Expo in Las Vegas will be held in September this year, so we ask all members to continue to support the activities of TIFI, and we hope that with the support of all member manufacturers and directors & supervisors, TIFI can continue to progress and develop."

During the members meeting this time, Kaohsiung Mayor Chen ChiMai also came to congratulate new Chairman Tsai on his appointment and praised Taiwan fastener industry for its contribution to Taiwan's economic development, and encouraged the industry to make good use of TIFI and the resources provided by the government to cope with the current CBAM and more challenges in the future. Mayor Chen said, "The market and international trade regulations are changing rapidly, and digital transformation and netzero transformation have become very important for the industry. In response to the needs of the fastener industry, the “Net Zero Academy”of Kaohsiung City Government has organized special courses and provided subsidies for students. We also hope that the fastener industry can seek assistance from the relevant units of the city government through the association if they need any administrative assistance in the future."

The 20th term of Chairman, Vice Chairmen, Directors and Supervisors are as follow: NAME COMPANY

CHAIRMAN YUNG-YU TSAI JINN HER ENTERPRISE CO., LTD.

PRESIDENT

VICE CHAIRMAN ANN HONG SHIH HSANG YWA INDUSTRIAL CO., LTD. GENERAL MANAGER

VICE CHAIRMAN TENG-HUNG, LIN FONG PREAN INDUSTRIAL CO., LTD.

PRESIDENT

VICE CHAIRMAN CHI TAI CHEN CHUN YU WORKS & CO., LTD. CHAIRMAN

DIRECTOR TEA REN SUN JAU YEOU INDUSTRY CO., LTD.

DIRECTOR MARK WU BOLTUN CORPORATION

PRESIDENT

PRESIDENT

DIRECTOR SONG NAN HUANG LU CHU SHIN YEE WORKS CO., LTD. ASSISTANT MANAGER

DIRECTOR HSIANG, SUN HWANG SHIANG IND. CO., LTD.

PRESIDENT

DIRECTOR JIMMY KO TONG HWEI ENTERPRISE CO., LTD. DEPUTY GENERAL MANAGER

DIRECTOR TSENG MING TAO DAAO CHI INDUSTRY CORP. PRESIDENT

DIRECTOR JAMES TANG COAE BOLTS WORKS CO., LTD. CHAIRMAN

DIRECTOR DAVID CHEN CHU HUA INDUSTRY CO., LTD. FACTORY DIRECTOR

DIRECTOR CHIN-TE CHEN DE HUI SCREW INDUSTRY CO., LTD.

PRESIDENT

DIRECTOR TSAN JUNG TIEN WA TAI INDUSTRIAL CO., LTD. CHAIRMAN

DIRECTOR CHIA PAO HUANG SHIN JAAN WORKS CO., LTD.

PRESIDENT

DIRECTOR JACK CHUANG FONG YIEN INDUSTRIAL CO., LTD. QUALITY MANAGER

DIRECTOR WILSON CHEN SPECIAL FASTENERS ENGINEERING CO., LTD. PRESIDENT

DIRECTOR JEN-DER SHIN YING MING INDUSTRY CO., LTD. VICE PRESIDENT

DIRECTOR JOHNSON CHANG ANCHOR FASTENERS INDUSTRIAL CO., LTD. VICE GENERAL MANAGER

DIRECTOR JEFF CHANG RODEX FASTENERS CORP. GENERAL MANAGER

DIRECTOR MING-CHIN CHEN HIGH POINT ENTERPRISE CO., LTD CHAIRMAN

DIRECTOR CHAO RUEI WANG LIH TA FASTENERS CO., LTD. VICE GENERAL MANAGER

DIRECTOR PETER CHEN BEN YUAN ENTERPRISE CO., LTD.

DIRECTOR TSAI CHE WANG JWU SHENG ENTERPRISE CO., LTD.

DIRECTOR FRANK LIN CHIA YI FASTENER CO., LTD.

DIRECTOR ANDY WANG SUN THROUGH INDUSTRIAL CO., LTD.

DIRECTOR CHU-YEN WU OFCO INDUSTRIAL CORP.

SUPERVISOR TU-CHIN TSAI SUN BEAM TECH INDUSTRIAL CO., LTD.

SUPERVISOR YEN CHUNG JEN THREAD INDUSTRIAL CO., LTD.

SUPERVISOR ALBERT CHEN SAN SHING FASTECH CORP.

SUPERVISOR SANDY YU CHONG CHENG FASTENER CORP.

SUPERVISOR STANLEY C.T. WANG QUINTAIN STEEL CO., LTD.

SUPERVISOR TSUNG-MING CHIANG CHUN MU WORKS CO., LTD.

SUPERVISOR YUNG CHANG CHU SHUENN CHANG FA ENTERPRISE CO., LTD.

SUPERVISOR YEN-WEN HO CHUN ZU MACHINERY INDUSTRY CO., LTD.

SUPERVISOR HENRY LIN CHAN HSIUNG FACTORY CO., LTD.

GENERAL MANAGER

PRESIDENT

PRESIDENT

GENERAL MANAGER

GENERAL MANAGER

PRESIDENT

PRESIDENT

GENERAL MANAGER

PRESIDENT

PRESIDENT

PRESIDENT

PRESIDENT

SPECIAL ASSISTANT

PRESIDENT

Editorial: Take It in Your Stride.

A Crisis is the Turning Point for the Better

Taiwan fastener industry has been quite busy in recent months. Besides the smooth chairman handover ceremony of Taiwan Industrial Fasteners Institute (TIFI) held right after the perfect closure of Taiwan International Fastener Show this June, the discussions among reps of relevant organizations and units from Taiwan and the EU for the CBAM implementation progress and details are also in full swing. In addition, in order to assist the industry under the influence of many external factors to cope with the challenges in the future, Fastener World will invite Taiwanese industry players interested in setting up overseas factories or sourcing in Vietnam to visit the local and Taiwaneseinvested plants this August. What's more, in this issue we also include post-show market observation reports of Taiwan International Fastener Show and other international exhibitions, as well as pre-exhibition promotional feature for exhibitors. All these will pave a more solid foundation for the development and upgrade of Taiwan fastener industry, and also create more opportunities for the industry to compete in the international market.

TIFI New Chairman Takes Office and Looks Forward to Bringing New Atmosphere to the Industry

TIFI has always been an important bridge for Taiwan fastener industry to seek more resources from Taiwan CSC or governmental agencies and to convey the voice of the industry. First of all, we ’ d like to congratulate Jinn Her Enterprise President Yung-Yu Tsai on his election as the new TIFI Chairman, and we believe that TIFI will continue to prosper under his leadership. In the past few years, Taiwan fastener industry has been affected by EU CBAM, Russia-Ukraine war, market inflation and competition from China, indirectly causing the overall export to shrink by about 20%, and such a predicament has also left some Taiwanese industry players at a loss. Under such circumstances, I believe that it would be most suitable for Jinn Her Enterprise President, whose screw plant is said to be the largest in Taiwan (with a monthly production capacity of 10,000 tons) and with more than 4 decades of experience in the fastener industry and sufficient experience in multinational enterprise investment, to lead the 690 members of TIFI. It is also expected that under the leadership of TIFI Chairman Tsai, who has in-depth understanding of the global market conditions, TIFI will be able to fight for more favorable competitive conditions for the industry, so that Taiwan fastener industry can accelerate its way out of the recession and find its own niche market.

CBAM will Enter the Phase of "Actual Data" Reporting; Manufacturers Must Pay Attention to It.

Since the implementation of CBAM in October 2023, Taiwanese manufacturers should have gained a better understanding of the requirements of the measure and become more familiar with the reporting process. Despite many challenges in the market, Taiwanese manufacturers have been the most active and engaged in CBAM reporting and participation among Asian countries. However, it is important to note that from the Q3 this year, EU importers will be required to submit the actual carbon emission data of imported products, and will no longer be able to use the previous default values as the basis for reporting, which means that Taiwanese manufacturers

will be also required by their customers to submit the actual data. In order to avoid the impact on the subsequent orders, the industry is reminded to be careful in the next CBAM reporting. During the Taiwan International Fastener Show, Alexander Kolodzik, Secretary General of EFDA, flew to Taiwan to explain the implementation process of EU CBAM and the key points to be noted, and representatives of EIFI and Taiwan Economic Research Institute (TIER) organized a seminar on "Carbon Content Calculation Mechanism of Fasteners for Taiwan-EU Fastener Industry" on July 8, inviting industry experts to participate in the discussion. It is believed that these exchanges will help Taiwanese industry to have a more accurate direction to comply with the CBAM regulations and requirements. We also encourage industry players to pay more attention to these messages from the industry's key figures, and to accelerate the upgrade of the industry through the close cooperation between Taiwan and Europe.

“The Investment Visit & Plant Tour During FF Vietnam”Organized by Fastener World to

be Held This Aug.

Fastener Fair Vietnam represented by Fastener World in Taiwan will be officially launched on August 7-9 in Hanoi, Vietnam, and a number of Taiwanese exhibitors will be also present. In order to help Taiwanese companies interested in knowing more about the current market situation and investment environment in Vietnam to have a more in-depth observation and understanding of Vietnam, as well as to assist them in finding order opportunities under the challenges of fierce market competition and customers' urge to set up factories overseas, Fastener World has arranged the Investment Visit & Plant Tour, including visits to the plants of Sheh Fung Screws and Thread Industrial in Vietnam, the local industrial park, FF Vietnam and local fastener factories in Vietnam. Sheh Fung Screws, an OTCtraded company in Taiwan, has not only been investing heavily in Taiwan in the past few years, but has also set up a plant in Vietnam, while Thread Industrial has been also investing in Vietnam for more than a decade, and will be building its third factory in Vietnam in the near future. Both companies have considerable experience in investing in Vietnam, and I believe that their sharing of experience will be very fruitful for the participants.

Pre-show and Post-show Exhibitors Features on Fastener World Magazine Help Strengthen Suppliers’ Global Awareness

In this issue, we have included the post-show exhibitors feature for Taiwan International Fastener Show and the pre-show exhibitors feature for “IFE in the U.S., FF Mexico, FF India and FF Vietnam.” We hope that through these "exhibitor-only" promotion packages, we can help these exhibitors obtain better advertising and marketing results before and after the shows, and to gain more opportunities for cooperation. Over the past 37 years, Fastener World has built up a huge database of the global fastener industry through multiple approaches such as mailing printed magazines directly to buyers, on-line B2B marketing and exhibiting worldwide, etc. The data collected from the industry also allows us to analyze the industry more effectively and provide better services to manufacturers through the results of the reports and the observations of our professional marketing team on the market trends. Such promotional packages will continue to be proposed in the future, and we sincerely welcome those who want to enhance brand visibility and strengthen international marketing to apply for participation.

Last but not least, the content of this issue is very rich. It not only includes articles on Mexico, Canada, Brazil, Indonesia, and many other markets, but also new updates on many industry concerns (e.g., CBAM, U.S.-China trade war, metal corrosion, IATF 16949, etc.). Through the professional analyses and in-depth observation of these experts and scholars, it is believed that readers can keep up with the industry trend faster.

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

High-quality Customized Fasteners Achieving Doubled Order Growth Supreme Fastener Corp.

Focus on European and American Customers

Supreme Fastener is a manufacturing trader which has earned a reputation in Europe and the U.S. for high-quality customized fasteners. They specialize in providing customized OEM fastener products, including bolts, screws, nuts, washers, etc., as well as Torx, Torx Plus, Taptite II, Remform and other authorized products. The primary materials include steel, stainless steel, aluminum and brass. 70% of the products are sold to the U.S. and Canada, and 30% are sold to Europe. For the target industries, 70% of the products are supplied to the automotive industry, and 30% to the industrial and electronic industries.

Speed in Tandem with Customization and One-stop Purchase

One of Supreme Fastener's strengths is their exquisite customized services that cater to requirement on delivery speed. They manufacture products according to clients’ drawings and requirements, putting customer satisfaction first. Their customer service team streamlines the ordering process, enabling faster delivery and response. “In a world where time is of the essence, we understand the importance of saving time while keeping the quality intact. That is why we are committed to providing clients with fast and reliable solutions for all their fastening needs, making their one-stop shopping easy. From minor repairs to large

projects, we can satisfy your demand. You can rest assured that our products always provide reliable and safe fastening. Your fastening demand will be satisfied through our utmost efficiency,” said Supreme Fastener.

Planned Production and Just-in-time Supply

Another advantage is their considerate VMI planned production service. Supreme Fastener understands clients’ specific needs for each product, production methods, as well as the requested time and quantity, before planning production. In addition, they use their own warehouse to manage inventory for clients. The clients they serve include end users and Tier 1 suppliers to carmakers, making it necessary to supply diverse products. Supreme Fastener's unique VMI planned production service can ensure real-time supply for clients to claim products anytime.

100% Order Increase Gains Traction for Business Expansion

With the advantages of the above two value-added services. Supreme Fastener has doubled the order volume this year and received large orders from major American automakers. Supreme Fastener said to have benefited from a large number of orders redirected from Europe and the U.S. in the past two years thanks to global geopolitical factors, allowing the company to gain sales growth during the pandemic. This year, the company bucks the trend with American automaker clients adding up the number of orders. The future looks very promising.

Supreme Fastener stands a good chance of increasing equipment and production capacity upheld by sales growth. They said: "Our ultimate goal is to provide value-added services and enhance clients' competitiveness in the fastener industry. Our business expansion plans will set in and we will continue to provide excellent solutions according to your specific requirements!”

Copyright owned by Fastener World / Article by Dean Tseng

Fastener World News

Industry Development

Association News

Scott McDaniel Elected NFDA President For 2024-2025

Scott McDaniel of Martin Fastening Solutions has been elected as the 2024-2025 president of the National Fastener Distributors Association. Ed Smith of Würth Revcar will serve as vice president, Christian Reich of Goebel Fasteners will serve as associate chair, and Jim Degnan of S.W. Anderson will remain on the Board as immediate past president.

Melissa Patel of Field Fastener, Angela Philippart of AFC Industries, and Christian Reich of Goebel Fasteners have been elected to serve on the Board of Directors effective June 12, 2024.

Continuing on the NFDA Board are Steve Andrasik of Brighton-Best International, Gigi Calfee of Copper State Bolt & Nut, Jake Glaser of Sherex Fastening Solutions, Alex Goldberg of AMPG, and Scott Longfellow of Huyett.

Recognition was paid during the meeting to retiring Board members Mike Robinson of LindFast Solutions Group and Nick Ruetz of AIS.

Taiwan Bar Steel & Wire Rod Prices for Q3 2024 Remain Flat

Taiwan CSC held a meeting on June 20, 2024 for the third quarter steel pricing. It was pointed out in the meeting that the global economy has shown a moderate trend of recovery, but since the third quarter is the off-season for industrial demand and considering the changes in the overall global trade situation, in order to ensure the momentum of downstream order intake, the pricing principle of "following the trend to make suitable pricing and ensure industrial stability" will be adopted. It was resolved that the quarterly prices for bar steel & wire rod (low carbon, medium-high carbon, cold-forged, low alloy) will remain flat, while the prices for automotive materials will be adjusted upward by NT$800 per metric ton.

European Commission Representative Arrives in Taiwan to Clear Doubts Regarding CBAM

CBAM will be officially in effect in 2026. To prevent CBAM from becoming an obstacle for Taiwanese companies in exporting to Europe, Morten Højberg, representative of the Danish Energy Agency and the CBAM Committee of the European Commission, came to Taiwan to clear doubts. He said that Taiwan is actively establishing regulations for carbon emissions and carbon fee collection, compliant to EU’s CBAM initiative. If Taiwan levies a carbon fee, it can be deducted in the EU. As for more details of the deduction, the regulations are expected to be released in 2025.

Taiwan’s Fastener Export to Mexico is Expected to Increase

Mexico has successively imposed temporary anti-dumping duties on screws imported from China, and this will help increase orders for Taiwanese fastener companies. Without low-price competition from China, Taiwanese fastener companies think the price of Taiwanese screws exported to Mexico can remain at an acceptable level. The total export value is expected to rebound and will benefit Taiwan fastener industry.

At the end of last year, Mexico imposed a provisional antidumping tax of 8.02% to 48.08% on fasteners imported from China. From April 23 this year, Mexico imposed a provisional tariff of 35% on bolts and nuts from China for a period of

compiled by Fastener World

two years. This move has led to an increase in export of Taiwanese fasteners to Mexico. According to statistics, Taiwan's fastener export to Mexico in Q1 this year totaled 8,800 tons, up 27% year-on-year. This March, the export volume soared to 3,782 tons, an annual increase of 47.6% and up 79% from February. However, in terms of export price, it was US$4.16 per kilogram in Q1 this year, a yearon-year decrease of 5.23%.

Last year, Taiwan's fastener export to Mexico totaled 31,500 tons, a year-on-year decrease of 5.12%. The export price was US$4.31 per kilogram, an annual increase of 8.13%. Prices have increased for nine consecutive years. The total export value was US$136 million, a year-on-year decrease of 2.31%.

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

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

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

EVs Flock in Brazil Before New Tariff Takes Effect

Brazil's car import soared in the first quarter of 2024, driven by an inflow of EVs from China.

The data released by the Brazilian Ministry of Development, Industry, Trade and Services showed that from January to March, Brazil's

passenger car import increased by 46.4% year-on-year, reaching a market value of USD 1.5 billion.

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

The import tax on EVs had been reduced to zero since 2015, but Brazilian President Lula reinstated it this year to encourage the development of the domestic auto industry. Starting in January, the import tariff for pure EVs was 10%, which increases to 18% in July and will eventually reach 35% in July 2026. Hybrid

FASTENER WORLD NEWS

stainless steel screws per month, including standard products, original brand products, and products with special uses and shapes. Since the existing warehouse space was full, a logistics center was set up nearby and launched in February this year.

The center covers an area of 2,500 square meters and has introduced the latest rack-type fully automatic system, which can accommodate up to 4,000 pallets. Thanks to the adoption of "Warehouse Control System", the Osaka headquarters can transmit orders to the logistics center in real time, prevent shipping errors, and achieve ultra-high speed. The automatic rack is 15 meters tall, having 14 levels of storage spaces. The height of the lower spaces is lower than that of the upper spaces. The lower spaces are used to store low storage pallets and empty pallets.

Fastener Leader BUMAX Goes Even Greener

Swedish premium fastener manufacturer BUMAX makes further energy, water and cost savings in its ambitious long term effort to reduce the company’s environmental impact. After more than halving its electricity use between 2007 and 2019, the latest investments at the BUMAX factory in Åshammar in central Sweden annually save an additional 90 MWh of electricity. It is part of the company’s work to strive for cleaner, greener and more efficient stainless steel fastener manufacturing.

“We have sourced 100 percent renewable electricity for our operations at Åshammar since 2011 and we continuously work to optimize energy efficiency,” explained Anders Sjölund, Manager Production Projects & Production IT at BUMAX. “Two of our recent investments have not only significantly reduced our electricity use, but also made water and cost savings.” The 90 MWh electricity savings from these two investments are equivalent to around 7 percent of the site’s total electricity use in 2023 and are enough to power four and a half typical Swedish family homes each year.

BUMAX installed a new fastener carrier coating bath in the autumn of 2022 that is super insulated to reduce heating demand and is fully enclosed to minimize evaporation. The investment is part of the ongoing improvements in its operations. In its first full year in operation in 2023, the bath saved BUMAX around 50 MWh and more than 70,000 liters of water compared with its old bath. The carrier coating bath has fully automated heating and ventilation systems with energy saving modes. A pump stirs the bath solution, which is much more energy efficient than the pressurized air circulation system in the old bath.

BUMAX also replaced its central domestic hot water electric boiler with four smaller boilers that produce hot water close to where it is consumed. The hot water is used for the kitchen, washrooms and showers at the BUMAX factory in Åshammar, Sweden. The new boilers save around 40 MWh of electricity per year compared with the old central boiler.

Fastener SuperStore Opens New Headquarters in Downers Grove, IL

Fastener SuperStore, a 20year veteran of online selling and distribution of hardware solutions, has announced the opening of their new headquarters and primary distribution center in Downers Grove, IL. Founded in 2005, Fastener SuperStore's business model focuses on on-demand shipping of bulk industrial fasteners such as screws, bolts, nuts, washers, spacers and standoffs.

Fastener SuperStore has recently added services such as kitting, painting and plating to expand their product offerings. While the relocation won't alter the essence of Fastener SuperStore's operations, the expansion into a larger and betterequipped warehouse offers exciting opportunities for availability and productivity. With an increased inventory capacity, the new headquarters will allow Fastener SuperStore's warehouse to better meet the evolving needs of customers.

With the recent expansion, Fields says customers can continue to count on the same level of reliability and quick service that Fastener SuperStore has always delivered. Fastener SuperStore ships more than 95% of online orders same-day and has recently increased their catalog by 1,000+ products. Fastener SuperStore's new headquarters has been fully operational since June 2024.

The Fastener Mart Expands Its Selection of Fasteners and Hardware

A leading fastener distributor, ASAP Semiconductor is proud to announce its plan to expand the selection of offerings featured on The Fastener Mart, a leading platform it owns that is dedicated to providing an extensive collection of specialty fasteners and hardware that find use in industrial processes, aviation operations, and other rigorous applications.

Presently, The Fastener Mart offers a comprehensive selection of hardware part types, including nuts and bolts, aircraft fasteners, and various forms of industrial hardware. With the planned expansion of offerings made through market analysis and monitoring industry trends, the website will be able to provide access to an even larger inventory, making it easier for customers to find the precise parts they need for their projects.

FASTENER WORLD NEWS

As the demand for reliable fasteners continues to grow, The Fastener Mart remains at the forefront, offering a wide range of products that meet the highest standards of quality and performance. With its expanded inventory and unwavering commitment to customer satisfaction, The Fastener Mart is poised to continue its growth as a reputable platform for specialty fasteners and industrial hardware.

Auto Fasteners Expands Presence with Warwick Unit

Auto Fasteners, a global supplier of fasteners and metal-engineered components to the automotive sector, has expanded its presence in Southam by leasing 15,000 sq ft of space at a new industrial scheme.

Already operating five units in Southam, Auto Fasteners has signed a 10-year lease on three additional units at Sucham Park, facilitating its ongoing growth. These units will serve as a warehouse, assembly, quality inspection, and office space for the company, which supplies parts to a range of automotive manufacturers including Volvo Group, Scania, Daimler Group, Ford, Stellantis, VW Group, Aston Martin, and Jaguar Land Rover.

Scott Simpson, founder and managing director of Auto Fasteners, said: “We’re growing with our long-term customers and gaining new customers too, which has contributed to year-on-year turnover growth and a need for more space to support our expansion. It gives us the option to keep expanding and explore new opportunities. We have business in North America, Brazil, India, Japan and all over Europe.”

“We are currently going through the process of opening a facility in North America, but our headquarters will always remain here in Southam, Warwickshire. The location of Sucham Park is perfect for us, it’s a stone’s throw from our existing space in Southam and the units are a good size for what we are looking to do.”

Alabama Aerospace Opens Distribution

Facility in Southern California

Alabama Aerospace, a Birmingham Fastener company, is expanding to California with the opening of a facility, Alabama Aerospace West, in Santa Fe Springs. This new facility will help businesses in the western United States that have aerospace, military and rocket projects access inventory quicker.

Alabama Aerospace West will distribute quality parts used in aircrafts, manned spacecrafts, missiles, land vehicles and more. It is conveniently located in between Los Angeles and Anaheim. The facility specializes in locating hard-to-find items while providing an extensive inventory of manufacturer-specific parts such as screws, bolts, nuts, washers and more.

Michael Dominguez will lead the team as site manager. He has over 25 years of experience in manufacturing, supply chain and

logistics, including previously supervising a distribution center with 120+ employees.

Alabama Aerospace West is AS9100 compliant and working toward achieving the certification for its quality management system. The facility also offers fast turnaround on customizable kitting and assembly services.

Acquisitions

Blue Ribbon Fastener Acquires Nationwide Fastener Systems

Blue Ribbon Fastener, a full-service distributor of fasteners and other Class-C components, announced its acquisition of Burlington, Wisconsin-based Nationwide Fastener Systems. Terms of the deal were not disclosed.

For more than three decades, Nationwide Fastener Systems has provided OEM clients with quality Class-C fasteners, inventory management services and other custom solutions that improve supply chain efficiency. The strategic partnership will support growth for Nationwide customers and provide advantages to their clients.

Nationwide Fastener Systems was founded by the late Thomas Lipecki Sr. The family business was purchased and carried on with his son, the late Richard Lipecki, and his wife, Deb.

AFC Industries Acquires California Aerospace Fastener Distributor

AFC Industries announced that it has acquired Meg Technologies Inc. (MTI), a Southern California distributor of fasteners to the aerospace industry. AFC officials said the deal bolsters its position in the aerospace sector. MTI provides military-standard aerospace fasteners to OEMs, Pentagon contractors, maintenance facilities and other aerospace distributors. MTI officials, meanwhile, said the combination would provide new opportunities for its team. Terms of the deal were not disclosed.

AFC, an Ohio-based distributor of fasteners and C-Class components, has pursued a strategy of aggressive merger and acquisition activity in recent years. It acquired seven companies last year alone, and the MTI deal marks its second this year after adding Philadelphia-based Globe International in March.

Acquisition of South Carolina-based Fastener Manufacturer Supports Portland Bolt’s Expansion into the Southeast

Portland Bolt & Manufacturing Co., LLC, a leading domestic manufacturer and global provider of anchor bolts and nonstandard, custom fasteners, announced it has acquired the South Carolina manufacturing and galvanizing operations of Southern Anchor Bolt Co.

The acquisition highlights Portland Bolt’s strategy to expand its US-based manufacturing footprint into the East, while continuing to offer customers industry-leading delivery times, service, and enhanced dependability. The combined company will offer an increased selection of made-to-order galvanized or plain anchor bolts, rods, studs, and other manufactured and distributed products. Together, the footprint will allow the companies to reach 100% of the US customers within 2 business days.

Leslie Yanizeski, President of Southern Anchor Bolt, will continue to manage the daily operations.

Threaded Fasteners Inc. Acquires Ricco Fasteners

Threaded Fasteners Inc. announced the acquisition of Ricco Fasteners, located in Thomasville, Georgia. This move marks the seventeenth branch location for Threaded Fasteners and elevates its mission to create value in and for the people they serve, as they continually position themselves for additional growth and innovation.

Founded in 1998, Ricco Fasteners has been a steadfast member of the fastener community recognized not only for its commitment to excellence but its dedication to its team and community. The acquisition will mark Ricco Fasteners' transition into a Threaded Fasteners branch and manufacturing location. As a member of the fastener industry for over 26 years, Ricco Fasteners' primary focus has been to provide its customers with the products they need to run their operations and a level of service that helps them meet their goals.

“This acquisition marks a milestone in our continued plans to invest in additional distribution and manufacturing locations across the country," said Threaded Fasteners COO Jerrad Douberly. "Together, we plan to utilize the current wide range of Ricco’s inventory and manufacturing capabilities to further expand our product offerings to the Thomasville and greater Georgia area. We are grateful for the opportunity to invest in such a wonderful team and community."

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

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

Exports Increased by 5 Percent to 9.2 Billion US Dollars!

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

Turkish News

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

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

Turkey's exports made a positive start to 2024. In January, exports increased by 3.6 percent to more than US$20 billion. In that month, Turkey's exports of ferrous and nonferrous metals decreased by 10.5 percent to 940 million US dollars, while steel exports increased by 2.1 percent to 1.1 billion US dollars. The increase in the steel sector, which declined in the 12 months of last year, after a 1-year decline period, also increased the hopes of the sector for 2024.

Ferrous and non-ferrous metals exports had a share of 4.7 percent in Turkey's total exports, while the share of steel exports was 5.6 percent.

In January, the ferrous and non-ferrous metals exports of the ADMIB decreased by 8.5 percent to 63 million US dollars, while steel exports reached 121 million US dollars with a record increase of 32.3 percent.

Double-digit Increase in Export to European Countries

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

TURKISH NEWS

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

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

Norm Tooling – Your Pioneering Solution Partner

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

News

provided by Irem Yaren BAYSAL, Editor of Fastener Europe Magazine www.fastenereurope.com

Established in 2003 to meet the high standards of Norm Fasteners in the field of cold forging tooling, Norm Tooling took a step further in 2006 by starting special parts production through die manufacturing and machining for fasteners with its IATF 16949 and ISO 9001 quality management system certificates. With its dynamic structure, Norm Tooling rapidly expanded, and as of 2018, it began offering sheet metal forming services for the automotive and related industries, providing its customers with more comprehensive solutions. Today, operating in the fields of cold forging tooling, machining, and sheet metal forming, Norm Tooling employs a young and experienced team of 350 people in a total of 15,000 square meters of closed area in Izmir and Salihli.

Serving a wide range of industries including automotive main and sub industries, spare parts, white goods, electronics, technology, furniture, construction, aviation, defense, and machinery sectors in Turkey, Europe, America, and the Far East, Norm Tooling is a pioneering solution partner in its sector with its innovative R&D center and state-of-the-art production infrastructure. With cutting-edge equipment such as high vacuum furnaces with a capacity of 1000 kg/charge, vacuum tempering furnaces, cryogenic cabin and induction bench, Norm Tooling provides customized heat treatment services to meet customer needs, enabling the hardening of hot and cold working tool steels as well as high-speed steels.

Die Manufacturing

Norm Tooling, due to its customer oriented service philosophy, offers its solution partners high-quality services at affordable prices and on time (JIT). It manufactures cold forming dies using next-generation production technologies, a wide, modern machine park, and a team of experts in their fields.

With an annual average production capacity of 50,000 hard metal dies and 250,000 steel parts, it meets the needs of its customers through various departments such as CNC, sinker EDM, wire EDM, grinding, vertical processing, pressing, polishing, and marking, utilizing a total of 140 high-tech machines.

Machining

Norm Tooling produces cold-formed special parts used in the automotive main industry, from raw material to packaging, in robotic automated Lanbi line with automatic measurement and crack control system integration. With special cameras and sensor systems, Norm Tooling, capable of performing dimensional and crack controls of various product groups, thus ensures 100% accurate product delivery to its business partners.

In the machining area, for processing materials like aluminium, copper and brass, there are 27 single-spindle automatic lathes, 1 multi-spindle automatic lathe, 42 CNC lathes and 22 sorting machines. With the capability of rapid investment based on projects, the machining facility has the capacity to produce an average of 50,000,000 parts annually and to sort an average of 60,000,000 parts annually with automatic sorting machines.

Sheet Metal Forming

Norm Tooling is capable of processing low, medium, and high carbon steel as well as stainless steel with 20 mechanical presses with capacities from 80 tons to 400 tons, 4 deburring and 7 automatic camera sorting machines in the sheet metal forming area.

The sheet metal forming facility has the capacity to produce an annual average of 1 billion sheet metal parts with various geometries ranging from diameters of 5 to 80 and thicknesses from 0.5 mm to 8 mm, including flat, conical, shaped, and plastered sheet metal parts.

American News

U.S. Triples Tariffs on Chinese Steel and Aluminum

The Office of the U.S. Trade Representative (USTR) list includes:

7318.11.00 - Iron or steel, coach screws

7318.12.00 - Iron or steel, wood screws (o/than coach screws)

7318.13.00 - Iron or steel, screw hooks and screw rings

7318.15.50 - Iron or steel, threaded studs

7318.14.10 - Iron or steel, self-tapping screws, w/shanks or threads less than 6 mm in diameter

7318.14.50 - Iron or steel, self-tapping screws, w/shanks or threads 6 mm or more in diameter

7318.15.20 - Iron or steel, bolts and bolts & their nuts or washers, imported in the same shipment

7318.15.40 - Iron or steel, machine screws (o/than cap screws), 9.5 mm or more in length and 3.2 mm in diameter

7318.21.00 - Iron or steel, spring washers and other lock washers

7318.22.00 - Iron or steel, washers (o/than spring washers and other lock washers)

7318.23.00 - Iron or steel, rivets

7318.24.00 - Iron or steel, cotters and cotter pins

7318.15.60 - Iron or steel, screws and bolts, nesoi, having shanks or threads less than 6 mm in diameter

7318.15.80 - Iron or steel, screws and bolts, nesoi, having shanks or threads 6 mm or more in diameter

7318.19.00 - Iron or steel, threaded articles similar to screws, bolts, nuts, coach screws & screw hooks, nesoi

7318.29.00 - Iron or steel, nonthreaded articles similar to rivets, cotters, cotter pins, washers and spring washers

Standards Book

U.S. President Joe Biden announced new tariffs on goods from China. The measure imposes tariffs between 25% and 100% of the value of the imported item, applicable to US$18 billion worth of goods. The tariffs extend to semiconductors, electric vehicles, batteries, critical minerals, solar cells, ship-to-shore cranes, medical products, and steel and aluminum. Tariffs for steel and aluminum tripled to 25%, making it likely that imported fastener costs will increase. The Section 301 tariffs were imposed in 2018 under the Trump administration on US$300 billion in Chinese products. The tariffs include 25% duties on bolts, screws and other fasteners (HTS subheadings 7318.11.00 to 7318.29.00) manufactured in China and 15% on all Chinese iron and steel nuts (HTS subheading 7318.16.00).

IFI Announces 12th Edition of Fastener

The Industrial Fasteners Institute has published the 12th Edition of the IFI Book of Fastener Standards. The IFI Standards text serves as the industry’s resource and is a compilation of the most commonly used fastener standards for inch fasteners and non-ISO metric fasteners. In addition to the book's 96 standards, 30 of which are updated, the latest edition now includes IFI 171, which covers thread dimensions for the assembly of bolts, studs, and nuts in the steel construction industry.

The 12th edition is US$675 and can be ordered online. It represents 83 years of continuous development in fastener standards since the first edition was published in 1941. The Fastener Standards have been distributed to manufacturing and construction interests throughout the world.

“IFI’s Book of Fastener Standards is known throughout the world as a go-to resource and is really unique because it combines the most requested fastener standards from ASTM, ASME, SAE and IFI in one convenient resource,” said Salim Brahimi, IFI’s director of

engineering & technology. “It also represents a tremendous cost savings, because purchasing those standards separately would cost more than US$3,000. It would also require someone to source and organize the standards for their engineering or quality personnel so the book saves you time,” Brahimi said.

In addition to the Book of Fastener Standards, IFI also offers the IFI Technology Connection, which is an online tool that utilizes the latest data found in the standards to generate tables and specification sheets for requested parts that can be used by sales, engineering and quality professionals. IFI also hosts numerous education and training events throughout the year that are available to the public through the IFI website. The IFI represents North American manufacturers of mechanical fasteners and formed parts, and suppliers to the industry. The IFI represents the industry to its suppliers, customers, the government, and the public-at-large to advance the competitiveness, products, and innovative technology of the Member Companies in a global marketplace.

Report: Industrial Vending Market to Top US$2.5 Billion by 2029

The global industrial vending machine market is expected to grow from US$1.6 billion in 2024 to US$2.5 billion by 2029, at a CAGR of 10.1%, according to a Markets & Markets report. The report analyzed the projected value of industrial vending machines by type (vertical lift, coil, carousel scale, locker or drawer) and found that the carousel vending machine is expected to experience the most growth in value due to its ability to have compartments of various sizes and the fact that it can provide access to products by item, employee or designation. Additionally, the carousel machine has fewer moving parts, reducing overall maintenance cost.

The report also revealed that the aerospace segment is expected to be one of the major adopters of industrial vending machine technology as a way to reduce foreign object debris (FOD). These machines will keep track of items and manage critical assets such as radios, scanners and airport ramp operations.

Europe is showing significant growth in adopting industrial vending machines. The growing emphasis on sustainability within the UK manufacturing sector. Vending machines can minimize waste and ensure optimal utilization of resources. The UK government has initiatives promoting Industry 4.0 adoption in manufacturing. This includes potential funding or tax breaks for companies with industrial vending machines that contribute to a more connected and automated factory environment. Industrial vending machines are finding applications beyond traditional manufacturing sectors like automotive or aerospace and hence, they are also being used in healthcare and construction sites.

H.B. Fuller Acquires ND Industries Inc.

Major pureplay adhesives company, H.B. Fuller Company, St. Paul, MN, USA, has acquired ND Industries Inc., Detroit, MI, USA, a top provider of specialty adhesives and fastener locking and sealing solutions for users in the automotive, electronics, aerospace and other industries. The acquisition will accelerate H.B. Fuller’s growth priorities, along with its strategy to drive capital allocation to the highest growth market segments within the functional coatings, adhesives, sealants and elastomer (CASE) industry. Also, ND’s Vibra-Tite® brand will be added to H.B. Fuller’s existing epoxy, cyanoacrylate, UV curable and anaerobic product range. ND Industries specializes in materials applied on fasteners and assemblies to aid in critical locking, sealing, masking, lubricating and vibration dampening. ND also has a network of processing centers providing in-house engineered coating application and a world-leading line of small pack technologies for MRO.

LISI Partners on AI for Autonomous Machining

LISI Group strengthened its partnership with Watch-Out by acquiring a minority stake in its holding company. LISI Group and WatchOut have partnered for nearly 20 years in the field of high-precision machining, and are now developing a disruptive AI solution for fully autonomous machining.

“We have decided to support Watch-Out in the deployment of this turn-key autonomous precision machining solution now ready for scale-up,” the group stated. The Watch-Out solution combines all conventional machining cycles in a perpetual loop with a specific Artificial Intelligence — Machining 4.0. It is a virtually self-sufficient production machine that constantly self-corrects according to data generated and captured in real time on parts and tools.

More than just an improvement on previous-generation machine tools, the WatchOut solution “represents a dramatic change in industrial paradigm aimed at eliminating the element of randomness in the treatment of chronic failures in the production chain,” said LISI Aerospace CEO Emmanuel Neildez. LISI Aerospace is part of France-based LISI Group, which manufactures fasteners and assembly components for the aerospace, automotive and medical industries.

Sider Heads Sourcing for Aeromed

Aerospace distributor Aeromed Group named Todd Sider as executive director for strategic sourcing. Sider has 30+ years in aerospace and commercial markets. He has been with Century Fasteners Corp., Heads & Threads International, Federal Bolt & Nut Supply and Reynolds Fasteners. Aeromed president Declan Grant noted Sider’s experience in strategic sourcing and supply chain management will be “instrumental in driving our procurement initiatives and developing and growing with our strategic partners. North Carolina-based Aeromed is an alliance of aerospace distribution companies.

BUMAX Announces New Master Canadian Distributor

As a part of its ongoing expansion into the North American market, BUMAX AB has appointed Fuller Fasteners as its master distribution partner for Canada. This represents a significant step forward and the continued expansion of BUMAX’s global footprint across key regions. The launch of the BUMAX range of premium high-strength stainless steel fastener products in Canada demonstrates BUMAX’s commitment to the wider North American market. Hans Fuller, Managing Director, Fuller Metric Parts Ltd., says, “I am thrilled to introduce the BUMAX line to our esteemed customers. When you think of stainless-steel fasteners, high tensile strength might not be the first thing that comes to mind. Traditionally, this has been the case. But BUMAX is here to revolutionize expectations, with the ability to offer high-tensile strengths previously exclusive to only high-alloy steels. BUMAX offers solutions to ensure durability and strength, without compromising corrosion resistance.” Fuller Fasteners will be responsible for stocking and supplying BUMAX standard products to fastener distributors and industrial product suppliers throughout Canada.

Infasco Welcomes Larry Manzo to Its USA Team

Recently added to the Infasco USA team, Larry Manzo will play a pivotal role in finding and developing new business in the Midwest USA as well as growing Infasco’s current market share. Manzo has a B.S. in Packaging Engineering and a minor in Business from Michigan State University. He has more than 20 years of fastener experience and has held sales and account management roles. Manzo has worked with original equipment manufacturers directly and with distributors. Additionally, Larry Manzo’s background selling engineered fasteners and working closely with engineering teams will also align well with Infasco’s strategic plan.

Janelle Veiga to Sales Manager at Suncor®

Manufacturer of stainless steel hardware in the industrial, marine, government, architectural, OEM and commercial industries, Suncor® Stainless Inc., Plymouth, MA, USA, announces Janelle Veiga as East Region Sales Manager. Veiga has been with Suncor Stainless for 15 years, most recently as the Southeast Regional Account Manager. She has played an integral role in the team’s achievements and Suncor’s rapid growth.

IperionX

and Vegas Fastener

Partnering to Co-Produce Titanium Fasteners for U.S. Army

IperionX Limited, Charlotte, NC, USA, and Vegas Fastener Manufacturing, LLC, Las Vegas, NV, USA, have agreed to partner to develop/manufacture titanium alloy fasteners and precision components with IperionX’s advanced titanium products. Vegas Fastener is a global leader in high-performance fasteners and custom machined components. With its allied company, PowerGen Components, Vegas serves customers in the defense, marine, power generation, oil & gas, nuclear, chemical and water infrastructure sectors. IperionX and Vegas Fastener will produce titanium alloy fasteners and components for the U.S. Army Ground Vehicle Systems Center (GVSC), which is the United States Armed Forces’ R&D facility for advanced technology in ground systems including robotics, autonomy, survivability, power, mobility, intelligent systems, maneuver support and sustainment. The partners will also produce titanium fasteners for the aerospace, naval, oil & gas, power generation, pulp & paper and chemical sectors.

News provided by John Wolz, Editor of FIN (globalfastenernews.com)

Mike McNulty, FTI VP & Editor (www.fastenertech.com)

European News

Restrained Demand in a Challenging Market Environment

In the first quarter of 2024, Bossard Group recorded a decline in sales of 15.5% to CHF 257.4 million (prior year: CHF 304.5 million) in a continuously challenging market environment and as a result of the strong Swiss franc. The decrease in local currency was 11.2%. In a quarter-onquarter comparison, the record high comparative basis of the previous year is noticeable. As expected, demand in Europe continued to decrease, as it has since the second quarter of 2023. Sales declined by 12.2% to CHF 150 million (in local currency: -9.3%). Despite the challenging market environment, the first quarter saw continuing investments in future growth, additional efficiency and productivity improvements, including the successful rollout of the new ERP system in France.

Sales in America declined by 22.9% to CHF 65.8 million (in local currency: -18.4%). Since the record sales in the first quarter of the prior year, a normalisation of demand has been observed. With a decline in sales by 13.9% (in local currency: -5.2%) to CHF 41.6 million, weaker demand persisted in Asia as well. The appreciation of the Swiss franc was particularly noticeable in this market region. The continued two-digit growth rates in India marked a gratifying exception, as Bossard benefited from nearshoring trends, a dynamic startup landscape, and the above average growth in the focus industries of electromobility and electronics.

Based on current market observations, Bossard expects the economy to remain restrained in the first half of 2024. However, even this market environment also offers growth opportunities. Thus, the acquisition of new customers as well as the project pipeline make Bossard optimistic for the future. In addition, the continued trend towards nearshoring and the digitalisation of processes, with a focus on efficiency and productivity enhancements, further strengthens the demand for Smart Factory services in the current environment. The Group continues to stand by the communicated mediumterm financial goals and the consistent implementation of Strategy 200.

Bulten Group Reports Good Sales

Bulten Group has reported that net sales amounted to SEK 1.533 billion (€131.36 million) for the first quarter of 2024, an increase of 10.5% on the same period of the previous year (2023: SEK 1.387 billion). Adjusted operating earnings totalled SEK 116 million, equating to an adjusted operating margin of 7.5%.

Bulten highlights that to achieve the strategic ambitions on the markets where it operates, and further increase innovative power, the organisation was restructured at the beginning of the quarter. The new interdisciplinary regional structure is divided into three regions – Europe, Asia and North America – which were given responsibility for sales, manufacturing and financial results. There were also adaptations to the company’s engineering resources, in order to enhance product development and innovation.

“The year began with good sales and a sequentially improved operating margin. It is clear that efforts following the capacity challenges in Europe and the launch of a new regional organisational structure, combined with closer cost control, are starting to have an impact on financial results,” comments Christina Hallin, interim president and CEO.

“I am pleased to see the operating margin has improved on the three previous quarters, and it is satisfying too that our customer mix in automotive, along with sales in new customer groups, is contributing to stable growth. It is also worth noting that we have now had two consecutive quarters with sales in excess of SEK 1.5 billion. Again this quarter, our main priority has been to reduce the production backlog in Europe, which is adding extra costs. We have not yet caught up but have made good progress, and this can also be seen in the improved operating margin,” adds Christina.

Scell-it Announces Strategic Double Acquisition

Scell-it (UK) has expanded its presence in the UK by acquiring both Rivco Ltd and Kamtech Fasteners (ARK brand), strengthening its position as one of the leading distributors nationally of construction fixings, rivets, rivnuts and setting tools. This will further enhance the wide Scell-it (UK) Group brand range with names such as ARK, Huck®, FAR, RIVIT and Lobster.

Kidderminster-based Rivco was established in 1994 and is a longstanding player in the UK market, bringing an existing turnover of circa GB£3 million (€3.4 million) and a workforce of ten sales and warehouse staff. This acquisition complements the direction and vision of the Group’s growth strategy. Kamtech Fasteners, based in West Bromwich, was established in 2015 and has a customer base that perfectly aligns with that of Scell-it (UK). This acquisition brings a further GB£1.5 million of turnover and four sales and warehouse staff to the newly formed Group. Steven Auld, the original majority shareholder of both acquired businesses, will continue with the Group in his new role as joint managing director, supporting the Group’s staff and customers.

Gary Moseley, joint managing director and one of the founding shareholders of Scell-it (UK), says: “We are thrilled to announce our acquisition of Rivco and Kamtech Fasteners, both businesses have excellent reputations in the UK and align perfectly with the existing Group. From initial discussions it was clear that this acquisition would fit in perfectly with our existing culture and help strengthen our position in the marketplace.”

“These acquisitions reinforce Scell-it (UK) Group’s dedication to providing unparalleled supply at competitive prices to meet the precise needs of our customers. We will continue to look for opportunities to grow and Steven and I are excited to embark on this journey with both teams, leveraging our combined expertise to ensure a seamless integration for all involved.”

European partners, Scell-it SAS, based at the Group’s headquarters in France, echoes this growth vision. With established operations in Poland and Italy, it actively seeks further European acquisitions, propelling the total Group revenue beyond the current €50 million mark.

Daniel Westberg Appointed New CEO for Nord-Lock Group

Nord-Lock Group, a global leader in bolting and engineering solutions, has announced Daniel Westberg as its new Chief Executive Officer. Daniel will assume his responsibilities as CEO on 1st August 2024. Daniel comments: “I am honoured and excited to take on the role of CEO at Nord-Lock Group, a company with a rich legacy. The Group is on an exciting journey, and I look forward to unlocking new horizons and developing the Group and its four technology brands towards even greater success.”

For more than 20 years, Daniel has held various executive level roles within SKF Group and its different subsidiaries, both in Sweden and abroad. Most recently Daniel served as president and CEO at Ewellix.

“The appointment of Daniel as CEO marks an exciting chapter for Nord-Lock Group. Daniel has proven to drive results and has consistently propelled the businesses he has led forward. With his international industrial background, strong commercial and technical understanding, Daniel brings a fresh perspective and strategic vision to the organisation,” says Johan Menckel, chairman of the board for Nord-Lock Group.

Daniel holds a master of science in mechanical engineering, and his strong technical acumen, along with a passion for innovation, has been instrumental throughout his career. Having lived and worked in Canada, Germany, and France, Daniel has an extensive global background. These diverse cultural encounters have brought enriched perspectives and provided valuable insights that Daniel now brings into his role as CEO at Nord-Lock Group.

Stanley Black & Decker Expects Mixed Demand to Persist

First quarter revenues for Stanley Black & Decker reached US$3.9 billion (€3.6 billion), down 2% versus the previous year – as growth in DEWALT and Engineered Fastening was more than offset by lower infrastructure volume and muted consumer and DIY demand.

Donald Allan Jr, Stanley Black & Decker’s president and CEO, comments: “Our first quarter performance was the result of consistent, solid execution and continued progress against key operational objectives. We continue to see significant value creation opportunities tied to our strategic business transformation, and we remain focused on disciplined execution of our strategy. Looking forward, we expect mixed demand trends to persist across our businesses in 2024, and we are driving supply chain cost improvements designed to expand margins, deliver earnings growth and generate strong cash flow. At the same time, the long-term growth and market share gains we are focused on achieving, will be driven by introducing exciting new products within our most powerful brands – designed to deliver enhanced productivity for end users. We are funding growth investments intended to further accelerate innovation and differentiated market activation to capture these compelling long-term opportunities.”

He continues: “Stanley Black & Decker continues to become a more streamlined business, built on the strength of our people and culture, with an intensified focus on our core market leadership positions in Tools & Outdoor and Industrial. I am confident that by executing our strategy, we are positioning the company to deliver higher levels of organic revenue growth, profitability and cash flow to drive strong long-term shareholder returns.”

Patrick D. Hallinan, executive vice-president and CFO at Stanley Black & Decker, adds: “The actions we are taking to advance our strategic transformation are progressing successfully, and despite the tepid market backdrop so far in 2024, our profitability remains on an upward trajectory. We will continue our disciplined approach to cost management as we drive toward our target of 35% adjusted gross margins – while funding additional organic revenue growth investments. The organisation is focused on delivering margin expansion, cash generation and balance sheet strength, while working together to position the company for long-term growth and value creation.”

EUROPEAN NEWS

Voestalpine Produces ‘Green’ Wire Rod

Voestalpine has melted the first high-quality ‘green’ wire rod from hydrogen reduced pure iron and scrap at its site in Donawitz, Austria.

The hydrogen reduced pure iron was produced in the HYFOR pilot plant, while the landmark melting was carried out in the Group’s own Technikum Metallurgie research facility – a unique, small but complete, steel plant. The CO2 reduced steel was further processed in the wire rod mill to produce roller bearing steel, which is characterised by its particular hardness and wear resistance. The production of high-quality, CO2 reduced steel grades is one of the biggest technological challenges in the transition to ‘green’ steel production.

Greentec steel is an ambitious and feasible phased plan with which voestalpine can make a valuable contribution to achieving the climate goals. “We have already made a successful start on our path to ‘green’ steel production and are advancing quickly with the construction of two arc furnaces powered by ‘green’ electricity in Linz and Donawitz. Parallel to this, we are researching various breakthrough technologies with partners from industry and science. The first ever melting of hydrogen reduced pure iron and its further processing into high-quality wire rod is a historic milestone,” comments Herbert Eibensteiner, CEO at voestalpine AG.

Hyfor is a joint research project of Primetals Technologies, voestalpine, Montanuniversität Leoben and K1-MET, with the goal of researching the use of hydrogen to reduce fine iron ore. In the future, the resulting hot sponge iron could be melted down in an electric arc furnace or used to produce hot briquetted iron (HBI).

“The Technikum Metallurgie provides us with an ideal test environment to quickly adapt our steels to the needs of our customers and to changed market requirements. I am very pleased that we are now also doing pioneering work in ‘green’ steel production and would like to thank all the researchers and employees for their commitment,” states Franz Kainersdorfer, head of the metal engineering division and member of the management board at voestalpine.

At the Technikum Metallurgie, voestalpine is conducting research into the production of new high performance steels, for subsequent processing into special rails, high-quality wire rod, as well as heavy-duty oil field pipes. The product development involves a CO2 reduced route – the input material is melted using electricity from renewable energy sources.

Austria’s Largest Climate Protection Programme

In a first step from 2027, voestalpine will reduce its CO2 emissions by up to 30% by partially replacing its current coal-based blast furnace technology with electric arc furnace technology – powered by ‘green’ electricity.

This represents almost 5% of Austria’s entire annual CO2 emissions, making greentec steel the largest climate protection programme in Austria. The Group is aiming for carbon neutral steel production by 2050 and is researching intensively on several new processes, as well as investing in pilot projects that explore new pathways in steel production.

Introduction

Canada boasts a diverse and robust industrial landscape, characterized by its rich natural resources and advanced technological capabilities. Key sectors include natural resources such as oil, natural gas, and mining, with the country being a global leader in the production of commodities like gold, potash, and uranium. The manufacturing industry is equally significant, producing a wide array of goods from automobiles to aerospace components. Additionally, Canada is renowned for its innovation in technology and telecommunications, contributing to a burgeoning tech sector. Agriculture and forestry also play pivotal roles, providing a substantial contribution to both the domestic market and international exports. Together, these industries form the backbone of Canada's economy, driving growth, employment, and global trade.

Gross Domestic Product (GDP)

In 2023, Canada had a population of 38.2 million people. The country's GDP, measured by purchasing power parity (PPP), stood at US$2.3 trillion, with a notable 3.4% growth observed in 2022 and a 5-year average growth rate of 1.6%. The GDP per capita was US$58,316, reflecting the nation's economic productivity and standard of living. The unemployment rate was at 7.5%, while inflation, measured by the Consumer Price Index (CPI), was 6.8%. Foreign Direct Investment (FDI) inflows amounted to US$52.6 billion, showcasing Canada's attractiveness to international investors. However, public debt was relatively high, accounting for 107.4% of the GDP. The following shows different sectors’ share in Canada GDP:

1- Service Sector: Dominating the Canadian economy, the service sector, including finance, real estate, and business services, accounted for about 70% of the GDP. The digital transformation accelerated by the pandemic continued to bolster sectors such as information technology and telecommunications.

2- Manufacturing and Energy: These sectors had mixed results. The energy sector faced fluctuations due to volatile oil prices and global market dynamics, but the manufacturing sector, particularly in automotive and aerospace, showed resilience and adaptation to new technologies. Canada's energy sector accounted for approximately 11.8% of GDP.

3- Construction and Infrastructure: Government initiatives focusing on infrastructure development provided a significant boost to the construction sector. Investments in green infrastructure and sustainable development projects also contributed to GDP growth. Canada's construction and infrastructure sector accounted for approximately 18.2% of GDP.

Economic Overview of Canada in 2023

GDP, PMI, Car Production & Sales, and Fastener Trade

INDUSTRY FOCUS

Purchasing Managers' Index (PMI)

The Purchasing Managers' Index (PMI) is a critical indicator of economic activity in the manufacturing and service sectors. It provides insights into business conditions, including new orders, inventory levels, production, supplier deliveries, and employment.

• Manufacturing PMI: In 2023, Canada's Manufacturing PMI indicated moderate expansion throughout the year, averaging around 52.5. This reading, where a value above 50 signifies expansion, reflected the sector's recovery from pandemic-induced disruptions.

• Services PMI: The Services PMI in Canada consistently showed robust growth in 2023, averaging around 54.7.

Car Production and Sales

The automotive industry is a vital component of Canada’s manufacturing sector, contributing significantly to GDP and employment. In 2023, the industry experienced both opportunities and challenges.

• Canada's car production in 2023 showed signs of recovery following the disruptions caused by the pandemic and global semiconductor shortages. According to industry reports, Canada produced approximately 1.4 million vehicles in 2023, up from 1.1 million in 2022.

• Car sales in Canada during 2023 were influenced by various economic and market factors. For 2023 from reporting manufacturers came in at 1.664 million units in 2023, up 11.8% from 1.489 million units sold in 2022.

Fastener Trade

In 2023, the fastener trade in Canada was shaped by global economic conditions and domestic market dynamics. Canada’s fastener imports and exports activities demonstrated resilience in 2023. According to trade data, Canada's exported fasteners were worth approximately USD 644 million in 2023. And the imported fasteners were worth approximately US$1.8 billion in 2023.

1- Import

Total Imports: Canada's total imports of fasteners for 2023 amounted to US$1,979,982,000.

Major Import Sources:

• USA: The United States was the largest supplier of fasteners to Canada, accounting for 48% of the total imports, valued at US$947,033,000. This underscores the strong trade relationship and supply chain integration between Canada and the USA.

• China: China was the second largest source of fasteners, contributing 14% to Canada's imports, with a value of US$282,425,000. This highlights China's significant role in supplying fasteners to the Canadian market.

• Taiwan: Taiwan also accounted for 14% of the fastener

Copyright owned by Fastener World

Article by Dr. Sharareh Shahidi Hamedani, UNITAR International University

imports, similar to China, with imports valued at US$272,237,000. This indicates Taiwan's importance as a key supplier in this sector.

• Others: The remaining 24% of fastener imports, totalling US$478,287,000, came from various other countries. This demonstrates a diverse range of import sources, which can help reduce dependency on any single country.

2- Export

Total Exports: Canada's total exports of fasteners for 2023 amounted to US$644,003,000.

Major Export Destinations:

• USA: The United States was the largest market for Canadian fasteners, accounting for 83% of the total exports, with a value of US$531,531,000. This underscores a significant dependency on the US market for the fastener industry in Canada.

• China: China received 4% of Canada's fastener exports, amounting to US$ 26,847,000. This represents a relatively small but notable market for Canadian fasteners.

• Others: The remaining 13% of fastener exports, valued at US$85,625,000, were distributed among various other countries.

Conclusion

The economic landscape of Canada in 2023 was shaped by a combination of recovery and growth across various sectors. The GDP growth of 1.5% reflected resilience and adaptation to global and domestic challenges, while the PMI indicated positive trends in both manufacturing and services. The automotive industry showed signs of recovery, driven by advancements in technology and increasing demand for electric vehicles. Meanwhile, the fastener trade demonstrated robustness, supported by strong production capabilities and growing domestic and international demand. However, despite positive growth, the Canadian economy faced challenges such as inflationary pressures, supply chain disruptions, and labour market constraints. The Bank of Canada maintained an average interest rate of around 4.25% throughout the year to manage inflation, which was hovering around 3.4%. On the other hand, Government policies in 2023 focused on economic recovery and sustainability. Efforts to diversify the economy, promote innovation, and invest in green technologies were central to the policy agenda. Additionally, trade agreements and diplomatic efforts aimed to secure Canada’s position in global markets, particularly in the face of geopolitical tensions.

At the end, Canada moves forward, and the focus on innovation, sustainability, and diversification will be crucial in navigating the evolving economic landscape. Continued investment in technology, infrastructure, and green initiatives will play a key role in ensuring long-term growth and competitiveness in the global market. The economic indicators and sectoral performances in 2023 provide a foundation for future development and highlight the resilience of the Canadian economy in the face of ongoing challenges.

Overview of Brazil in 2023

GDP, PMI, Car Production & Sales, Fastener Trade

Introduction

Brazil, the largest economy in South America and a crucial emerging market globally, faced a multifaceted economic landscape in 2023. Despite challenges such as global economic slowdowns, domestic political issues, and the lingering effects of the COVID-19 pandemic, several sectors, including automotive production and the fastener trade, displayed resilience and adaptability. This article provides a comprehensive overview of Brazil's Gross Domestic Product (GDP), Purchasing Managers' Index (PMI), car production and sales, and the fastener trade in 2023.

● Gross Domestic Product (GDP)

Economic Growth and Challenges

In 2023, Brazil's GDP grew by 2.9 percent, reaching a total of BRL 10.9 trillion. This growth, although slightly lower than the 3 percent growth rate in 2022, was a significant achievement given the global economic conditions. The data, released by the statistics bureau IBGE (Brazilian Institute of Geography and Statistics), highlighted the primary drivers of this growth:

• Services: The services sector, encompassing retail, finance, and technology, grew by 2.4 percent. Increased consumer confidence and spending, along with the growth of e-commerce and digital services, drove performance in this sector.

• Industry: The industrial sector saw a modest improvement with a 1.6 percent growth. Key industries like mining and oil production experienced fluctuations, but overall, the sector contributed positively to the GDP.

• Agricultural Sector: The agricultural sector experienced a record expansion of 15.1 percent, the most significant leap since the beginning of the time series in 1995. This surge was fuelled by favourable weather conditions, technological advancements, and strong international demand for Brazilian agricultural products.

Analysis of GDP Growth

The industrial sector's moderate growth of 1.6 percent is a testament to the resilience of Brazil’s manufacturing and production capabilities, including critical industries such as automotive and fastener manufacturing. This growth, however, was tempered by the challenges of inflation and high-interest rates, which constrained more aggressive industrial expansion. Strategic economic policies aimed at reducing these inflationary pressures and fostering a more investment-friendly environment will be essential to support sustained long-term growth, particularly in sectors like fastener production that are integral to the industrial supply chain.

Inflation and Monetary Policy

Despite economic growth, Brazil faced persistent inflationary pressures in 2023, with the average inflation rate ending at 4.62 percent.

This was driven by rising energy prices and supply chain disruptions. The Central Bank of Brazil responded by maintaining high interest rates to control inflation, impacting borrowing costs and investment in industries like fastener production.

This dual challenge of high inflation and tight monetary policy affects industrial sectors significantly. Balancing inflation control with growth stimulation is crucial. Strategic policies targeting inflation while supporting industrial growth through measures like fiscal spending and structural reforms are essential. Addressing these challenges strategically is vital for the long-term sustainability of industries like fastener production.

● Purchasing Managers' Index (PMI)

Manufacturing PMI

In 2023, Brazil's manufacturing sector faced significant challenges. The S&P Global PMI® reported a continued deterioration in operating conditions and increased cost pressures. This led to a decline in new work intakes, resulting in reduced production levels. Additionally, de-stocking remained prevalent due to weak demand and cost concerns, prompting firms to reduce buying levels.

The seasonally adjusted S&P Global Brazil Manufacturing PMI fell from 49.4 in November to 48.4 in December, indicating a moderate but accelerated decline in the sector's health. This marked the fourth consecutive month of contraction, culminating in a worse quarterly performance than in Q3 2023.

Factory orders also declined in December, extending the current downturn to four months. The pace of reduction was notable, attributed to decreasing demand by panel members (note: the industry professionals and experts who participate in the S&P Global surveys for the Purchasing Managers' Index (PMI)).

The continuous decline in the manufacturing PMI highlights the sector's struggles with demand weakness and cost pressures. This situation calls for strategic interventions, such as incentives for manufacturing investments and measures to boost domestic and international demand. Addressing supply chain disruptions and improving cost efficiencies through technology and innovation could help stabilize the sector.

INDUSTRY FOCUS

Services PMI

The services PMI also showed varied performance throughout 2023. It started the year positively, reflecting strong consumer demand and a recovering tourism sector. However, the latter part of the year saw a slight decline as inflationary pressures impacted consumer spending and business costs.

Policymakers need to focus on stabilizing consumer prices and supporting service-oriented businesses to sustain growth in this critical sector.

● Car Production and Sales

Production Trends

Brazil’s automotive industry, a vital component of its industrial sector, experienced significant dynamics in 2023. The country, a major car manufacturer in Latin America, saw several trends:

• Overall Production: The Brazilian automotive industry built 2,204,000 automobiles and light commercial vehicles in 2023, reflecting a modest growth of 1.3 percent over 2022.

• Export and Import Dynamics: The industry saw a 16 percent reduction in exports, combined with a 29 percent rise in imports, affecting overall production figures.

• Commercial Vehicles: Production of lorries and buses fell by 37.5 percent due to the higher costs of new emissions controls that came into force in January 2023, which increased retail prices.

• Total Production: Light and heavy vehicles production for the year totalled 2,325,000 vehicles, 1.9 percent short of the previous year's figure.

Analysis of Production Trends

The slight growth in automobile production, despite export reductions and rising imports, suggests resilience but also points to challenges such as regulatory changes and global market dynamics. The significant drop in commercial vehicle production due to new emissions controls underscores the need for the industry to adapt to regulatory changes swiftly. Embracing technological advancements and sustainable practices could mitigate these impacts and drive future growth.

Sales Performance

Car sales in Brazil showed a varied performance in 2023:

• Domestic Sales: The sector's best sales results were for domestic light vehicles, which rose by 11.2 percent to 2,180,000 units. This growth was driven by economic recovery, improved consumer confidence, attractive financing options, and new model launches.

• Overall Sales: While the domestic market showed strong performance, the reduction in exports and the rise in imports impacted the overall sales dynamics.

Analysis of Sales Performance

The robust growth in domestic light vehicle sales reflects recovering consumer confidence

● Fastener Trade Introduction

and economic conditions. However, the negative balance in export and import dynamics highlights potential competitive disadvantages and market shifts. Strengthening domestic production capabilities, enhancing export competitiveness, and expanding into new markets could address these challenges and boost overall industry performance.

Brazil's import and export dynamics in 2023 offer a window into the country's economic interactions within the global arena. Against the backdrop of a projected growth in the Brazil industrial fasteners market from US$2.38 billion in 2022 to an estimated US$3.07 billion by 2029, at a promising CAGR of 3.7%, Brazil's import and export activities in 2023 are pivotal in shaping its economic trajectory. These trends reflect the nation's resilience and adaptability amidst global economic fluctuations.

Imports Trends in 2023

The total imports of Brazil in 2023 showcase the country's reliance on international markets for various goods and services. The figures exhibit fluctuations over the years, reflecting changes in domestic demand and global economic conditions.

INDUSTRY FOCUS

Top Import Partners

Examining Brazil's top import partners in 2023 unveils key relationships that contribute significantly to the country's import portfolio. The right table (Fig.1) highlights the top five import partners of Brazil in 2023, showcasing the import value in million USD.

The data underscores China's consistent dominance as Brazil's largest import partner in 2023, reflecting the depth of economic ties between the two nations. The United States also maintains a significant position, emphasizing the importance of the North American market to Brazil's import landscape. Germany, Japan, and Italy round out the top five import partners, showcasing Brazil's diverse sourcing strategies and its reliance on key industrialized nations for imports.

Exports Trends in 2023

Brazil's total exports in 2023 depict the country's efforts to leverage its strengths and competitive advantages in the global market. The figures, presented in million USD, demonstrate Brazil's role as a significant exporter on the international stage.

Top Export Destinations

Analysing Brazil's top export destinations in 2023 provides insights into the country's trade diversification efforts and its strategic focus on key markets. The right table (Fig.2) highlights the top five export destinations for Brazil in 2023, showcasing the export value in million USD.

Argentina emerges as Brazil's top export destination in 2023, demonstrating the importance of regional trade partnerships within Latin America. The United States also holds a significant position, highlighting Brazil's access to the North American market. Paraguay, Germany, and France further diversify Brazil's export destinations, showcasing the country's efforts to tap into various international markets for its exports.

In conclusion, Brazil's import and export trends in 2023 reflect the country's dynamic engagement with the global economy. Despite fluctuations and challenges, Brazil remains resilient, leveraging its strengths to navigate the complexities of international trade. Moving forward, continued efforts to diversify trade partners and enhance export competitiveness will be essential for Brazil to sustain long-term economic growth and prosperity.

● Conclusion

In 2023, Brazil's economic landscape was marked by moderate GDP growth, fluctuating PMI indicators, robust performance in car production and sales, and a resilient fastener trade industry. Despite facing challenges such as inflation and supply chain disruptions, the Brazilian economy demonstrated significant resilience and adaptability. Key sectors like agriculture, automotive, and industrial manufacturing played vital roles in driving economic activity, while investments in infrastructure and technological advancements provided a foundation for future growth.

As Brazil continues to navigate the complexities of the global economic environment, ongoing focus on innovation, sustainability, and strategic trade relationships will be crucial in sustaining its economic momentum. The insights gained from 2023 will undoubtedly shape the policies and strategies for the years ahead, positioning Brazil as a resilient and dynamic player in the global economy.

Sources:

S&P Global Brazil Manufacturing PMI；Brazil 2023: Sales up, Production Stagnant by Just Auto；Brazil Economy Outlook by Agencia Brasil The Brazil Industrial Fasteners Market, by Fortune Business Insights；TradeMap, Trade Statistics for International Business Development

Copyright owned by Fastener World / Article by Shervin

Figure 1

Figure 2

Shahidi Hamedani

Top Import Partners

Top Export Destinations

(Million USD)

(Million USD)

Production & Sales Conference for Q3 2024-

TIFI Calls on Taiwan CSC to Understand the Current Industrial Situation and Set the Optimal Price

Taiwan

CSC invited TIFI members to attend the Q3 2024 Production & Sales Conference for Taiwan fastener industry on June 4th in Gangshan (Kaohsiung), where several fastener industry representatives from North, Central, and South Taiwan gathered to discuss the international situation and market outlook as well as the recent fluctuations in the supply, demand, and prices of fasteners and iron & steel materials, and analyze the future market outlook. Taiwan

CSC President Shyi-Chin Wang, Vice President of Taiwan

CSC Commercial Division Ming-Yuan Chen, former TIFI Chairman Tu-Chin Tsai, and Mr. Yung-Yu Tsai (who has taken over the position of the next TIFI President) and many representatives from the fastener industry were present to exchange views with the attendees.

Taiwan CSC: Helping Industry Players to Cope with Carbon Neutrality, Carbon Tariffs and Carbon Fees

Taiwan CSC President Shyi-Chin Wang highlighted in the conference that Taiwan’s fastener export once set a record of 1.68 million tons in 2019, and its export value in 2021 reached a record of US$6.36 billion, a great sales performance obvious to all. Despite the geopolitical factors and the three major challenges of high inflation, high interest rates, and high inventories faced by the industry at this stage, the OECD forecasts that the global economic growth rate will reach 3.1% this year, the IMF predicts that China's economic growth rate will rise to 5% in 2024, and Taiwan's Census and Statistics Department predicts that the domestic economy will grow by 6.4% this year, which indicates that the market is optimistic about the overall development at home and abroad and the fastener industry closely related to the development of the industry should also be able to look forward to the recovery of the industry. In addition, speaking of various challenges facing the fastener industry, President Wang also encouraged the industry to actively promote transformation & upgrade and integrate resources from the industry, government and academia. On the basis of promoting the industrial transformation, the Taiwan CSC team will also do its best to help the industry to cope with the issues of carbon neutrality, carbon tariffs and carbon fees.

Former TIFI President Tsai: Industry Can Seek Help from Taiwan CSC to Reduce Carbon Emissions

Former TIFI President Tu-Chin Tsai said that the professional division of labor is a major feature of Taiwan fastener industry, and for years Taiwan fastener industry has been continuously making progress and growing thanks to the efforts of everyone. He encouraged everyone to continue to work together. As the current Taiwan fastener industry has not yet recovered significantly, coupled with the low price competition from China, India and Southeast Asia, and Taiwanese suppliers are facing great pressure, former President Tsai also appealed to Taiwan CSC President Wang to set the most appropriate prices for wire bar and wire rod in the third quarter of the year to create more advantages for exporting companies. On the other hand, former President Tsai also encouraged manufacturers to seek more assistance from Taiwan CSC's professional technical and service teams on key issues such as carbon reduction and smart manufacturing.

2024 International Current Situation and Recent Performance of the Fastener Industry

In the conference Taiwan CSC market analysts reported on the current international economic situation and steel market overview. In terms of the import of wire bar & wire rod and fastener export the industry is most concerned about, the data show that in the first quarter of this year, Taiwan imported a total of 197,000 tons of wire bar and wire rod, an increase of 26% on a quarterly basis, and 33% on a yearly basis. Wire bar was mainly imported from China and Japan (representing 78% of the total share), and the main type of steel imported was alloy steel; wire rod was mainly imported from Indonesia and South Korea (representing 52% of the total share); in the first four months of this year, Taiwan fastener export amounted to 416,000 tons, an annual decrease of 5.48%, and the average unit price was 3.5 USD/KG, an annual decrease of 9.85%. The top five export partners were the U.S., Germany, the Netherlands, Japan, and Canada. Exports to the U.S. remained flat, while exports to Germany and the Netherlands both experienced a contraction of nearly 20%.

The report also mentioned that the global recovery is steady but slow, with regional differences. There are also market challenges and opportunities that will continue to influence the industrial development. Opportunities include the continuing impact of regional wars, cooling inflation and interest rate cuts by central banks, upgrading of steel consumption due to steel production reduction and carbon neutralization in China, and the recovering manufacturing in Europe and the U.S. and increased demand for green steel. Challenges include the upcoming U.S. presidential election, the economic outlook affecting people's livelihood and consumption, the expansion of steel production capacity in Southeast Asia, the onset of the steel industry's off-season, and the volatility of China's real estate market, among others. All of these factors will be of great concern to the industry in the future.

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

Taiwan CSC President Shyi-Chin Wang

Brazilian News

Are Passenger Cars on the Decline in Brazil?

While Motorcycle production has returned to 2014 levels, automobiles remain stagnant

Around 2013, when Uber was still not widespread in Brazil, an article on the Folha de S. Paulo Newspaper suggested: “If you use your passenger car for less than 26 km/day, sell it and use regular taxis.” Very expensive at that time!

By 2014, which was the last major year before a series of economic crises, the Brazilian passenger car, truck and bus industry produced 3.151 million units (including 2.978 million passenger cars), against 2.324 million units (2.041 million passenger cars) in 2023. Trucks and buses represented around 5.5% of the total.

Meanwhile, in 2023, 1.573 million motorcycles were manufactured, almost the same as in 2014, with 1.517 million units produced. Much of this was due to the multiplication of delivery services using motorcycles. Furthermore, if mobility by electric vehicles goes ahead of the game, the demand for fasteners will decrease even further.

So, we can consider that the high costs of owning a car - including taxes, insurance, parking, and penalties for drinking alcohol - can keep the younger people away from buying cars, at least in Brazil.

In short, apparently, we are witnessing a change in consumer behaviour, where owning a car may be on a fast decline on the Hierarchy of Needs.

HEICO Names Fixoved as A New Distributor in Brazil

The German group has product lines of fastener locking and pre-tensioning systems

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

Júlio Milkò Has Passed Away

Passed away on April 5, 2024, Júlio Milko was the owner of the company Metalac SPS, a Precision Castparts Corp. subsidiary since 2003.

Hungarian, Milkò was living in Sorocaba City, SP, Brazil. Also, during the first half 1960, he was part of the group involved in the consolidation of the Sinpa union, a local association of fastener manufacturers, in addition to other activities outside the sector.

Since the founding in 1986, 'Fixoved Fixação e Vedação Ltda.' has been a sales agent of industrial metal components, such as fasteners and items used on sealing systems. The company mainly operates as a C Parts supplier.

Located in the metropolitan in São Bernardo do Campo City, SP, Brazil, Fixoved also provides services and inventory management for manufacturing lines, with a portfolio made up of over 15 thousand items.

The company was founded more than 120 years ago. Among the Heico Umformtechnik GmbH lines of products, what’s worth mentioning is its bolt locking and pre-tensioning systems, with its combined washers (toothed), a highly safe system applied to fasteners joints systems, infallible against loosening.

Photo in 2007 of an interview with 'Revista do Parafuso'

(Left to Right) Lorenzo Ronzani (Fixoved commercial) and Alex Larsen (CEO); Jan Heimann (Heico CEO) and Tobias Grobe (head of marketing/sales), Nelio Diehl (Heico Brazil national manager)

INDUSTRY FOCUS

Indonesia in Figures— Fastener,

Automobile, Construction, GDP, PMI

The reshuffling of global supply chain in the past three years has brought opportunities for economic recovery in Southeast Asia. In addition to Thailand and the Philippines already introduced in our previous article series, foreign investors are taking an interest in Indonesia which used to be called one of the " Fragile Five (Countries)" by Morgan Stanley.

In 2019, Indonesian President Jokowi announced a plan to move the capital of Indonesia. The new capital will be "Nusantara" located in East Kalimantan Province, Borneo, 2,000 kilometers northeast of Jakarta. Currently, 100,000 people have moved to the new capital. The population is expected to reach two million in the next decade. From 2025 to 2029, Nusantara will expand its residential areas, add office buildings and commercial areas. The economic scale of the new capital’s infrastructure will reach 32 billion US dollars, and the government is welcoming foreign investors.

Jokowi said in October last year that China will become Indonesia's largest foreign direct investor within two years, with investment projects including the US$7.3 billion JakartaBandung high-speed rail. In addition, a senior Indonesian government official said in January this year that BYD will invest US$1.3 billion in Indonesia, including building a factory.

Indonesia has also become the new favorite of European and American high-tech industries. This April, an Indonesian official revealed that Nvidia plans to work with the Indonesian telecommunications giant— Indosat Ooredoo Hutchison— to spend US$200 million in establishing an AI center in Indonesia. Microsoft also announced in the same month that it will invest US$1.7 billion in Indonesia over the next four years to build cloud and AI infrastructure. In addition, other hightech giants including Apple and Tesla have revealed that they are considering setting up new bases in Indonesia.

"Nusantara" will be built into a sustainable smart city that supports green energy, triggering huge investment opportunities. The investment by the high-tech industry brings Indonesia's market potential to a new peak. In addition to high-tech companies, even a few Taiwanese fastener companies are evaluating setting up factories in Indonesia, and a leading fastener trading company from China revealed in a Fastener World report that it aims to expand sales to the Indonesian market this year.

2024 has become a key starting point for Indonesia's attempt to jump to new highs. For readers' evaluation, this article will review Indonesia's primary economic data in the past five years, including fastener statistics which will interest fastener companies.

Fastener Import and Export Performance On Import Value

Indonesia imports more fasteners than it exports. As shown in Figure 1, the peak of import value in the past five years was in 2018, reaching US$674 million. In 2019, it fell 20.1% to US$538 million. When the pandemic broke out in 2020, the import value plummeted another 38.1% to US$333 million but did a V-turn in the following year (2021) rebounding 44.1% to US$479 million, and rose 22.7% to US$589 million in 2022. Last year (2023) it fell 8.6% to US$537 million.

Despite falling 38.1% before the pandemic, Indonesia's fastener import value rebounded a total of 76.8 % during the pandemic period (2020 to 2022), completely offsetting the viral impact. It hadn’t reached the 2018 level but had basically gone back to the pre-pandemic level. The import value in the first quarter of this year was US$99.09 million, equivalent to 18.4% of the import value in 2023. Overall, Indonesia's fastener import value had signs of decline last year, but this June, Jokowi said 80% of the new capital’s construction had been completed and that he would move to the new capital in July. The demand for infrastructure construction led by the new capital, as well as the demand for factory construction, equipment installment and product supply in the automotive and technology industries, could drive Indonesia's fastener demand in the future.

INDUSTRY FOCUS

Top 4 Import Sources

As shown in Figure 2 , in 2023, Indonesia's top four fastener import sources were Japan (USD 212 million, accounting for 39.4%), China (USD 86.62 million, 16.1%), Thailand (USD 40.8 million, 7.5%), and Australia (US$ 30.47 million, 5.6%). From this bar chart, during 2020 and Q1 2024, Indonesia's import from these four countries increased year by year from 2020 to 2022, and began to fall in 2023, indicating that Indonesia continued to purchase fasteners from these countries during the pandemic and begin to reduce the purchase after the pandemic.

Since Taiwan is still not a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it cannot enjoy tariff preferences for export to Indonesia and has not made into the top four fastener import sources for Indonesia.

On Export Value

In Figure 3 , the export value in 2018 was US$89.2 million, and went down 13.4% in 2019 to US$77.2 million. In 2020, it fell 0.8% to US$76.56 million, but rebounded 27% to US$97.28 million in the next year (2021). In 2022, it rose 19.8% to US$116 million, which was the highest value in the past five years. Last year (2023) it fell 11.8% to US$102 million.

Indonesia's export value during the pandemic exceeded the prepandemic level, growing 52.2% in total from 2020 to 2022. Although it declined in 2023, it was still higher than before the pandemic. The import value in the first quarter this year was US$ 36.18 million, equivalent to 35.2 % of the import value in 2023.

Top 4 Export Destinations

5 Years

In Figure 4 , in 2023, Indonesia's top four fastener export destinations were the Philippines (US$22 million, 21.4%), Germany (US$18.5 million, 18.0%), Thailand (US$11.64 million, 11.3%), and the Netherlands (US $6.12 million, 5.9%). From the bar chart, up to 2023, Indonesia's export to the Philippines, Thailand, and the Netherlands increased year by year. The value of Indonesia's fastener exported to Germany began to decline year by year after reaching the peak in 2021. Interestingly, in the first quarter this year, the value of Indonesian fasteners exported to the Philippines was equivalent to 69.9% of the export value in 2023, and there is a very good chance that this year will exceed the 2023 level. In addition, Thailand is the third largest import source as well as export destination for Indonesian fasteners.

Fig. 2. Top 4 Fastener Import Sources for Indonesia

Fig. 3. Indonesia ’s Fastener Export Value in the Past

Import Value by Product Category

As shown in Figure 5, the top three fastener products imported by Indonesia in 2023 were:

1. [73181590] Threaded articles; other screws and bolts whether or not with their nuts or washers having a shank of an external diameter exceeding 16 mm (USD 140 million, 26%)

2. [73181510] Threaded articles; other screws and bolts whether or not with their nuts or washers having a shank of an external diameter not exceeding 16 mm (USD 107 million, 20%)

Table 1. Indonesian Fastener Import & Export Values in 2023

[73181100]

[73181210]

[73181290]

[73181300]

[73181410]

[73181490]

[73181510]

[73181590]

[73181610]

[73181690]

nuts whether or not with their nuts or washers having a shank of an external diameter exceeding 16 mm

[73181910] Threaded articles; having a shank of an external diameter not exceeding 16 mm; other than those of subheading 731811 - 731816

[73181990] Threaded articles; having a shank of an external diameter exceeding 16 mm; other than those of subheading 731811 - 731816

[73182100] Non-threaded articles; spring washers and other lock washers

[73182200] Non-threaded articles; other washers

[73182310] Non-threaded articles; rivets having an external diameter not exceeding 16 mm

[73182390] Non-threaded articles; rivets having an external diameter exceeding 16 mm

[73182400] Non-threaded articles; cotters and cotter-pins

[73182910] Non-threaded articles; having a shank of an external diameter not exceeding 16 mm; other than those of subheading 731821 - 731824

[73182990] Non-threaded articles; having a shank of an external diameter exceeding 16 mm; other than those of subheading 731821 - 731824

INDUSTRY FOCUS

Fig. 5. Indonesia’s Fastener Import Proportions by Category

[73181100] [73181210] [73181290] [73181300] [73181410] [73181490] [73181510] [73181590] [73181610] [73181690] [73181910] [73181100]

[73181100] [73181210] [73181290] [73181300] [73181410] [73181490] [73181510] [73181590] [73181610] [73181690] [73181910] [73181990]

3. [73181690] Threaded articles; nuts whether or not with their nuts or washers having a shank of an external diameter exceeding 16 mm (USD 51.14 million, 10%)

4. [73182990] Non-threaded articles; having a shank of an external diameter exceeding 16 mm; other than those of subheading 731821731824 (USD 51.11 million, 10%)

Export Value by Product Category

As shown in Figure 6 , the top three fastener products exported from Indonesia in 2023 were:

1. [73181590] Threaded articles; other screws and bolts whether or not with their nuts or washers having a shank of an external diameter exceeding 16 mm (USD 53.45 million, 52%)

2. [73181510] Threaded articles; other screws and bolts whether or not with their nuts or washers having a shank of an external diameter not exceeding 16 mm (USD 15.01 million, 15%)

3. [73181610] Threaded articles; nuts whether or not with their nuts or washers having a shank of an external diameter not exceeding 16 mm (USD 14.66 million, 14%)

Automotive Production and Sales Trends

In Figure 7, Indonesia's automobile production had two V-turns in the past decade. The first one was in 2015 when the global economy had signs of slowing down. 1.098 million units were produced that year, and then rebounded 22.2% in 2016-2018, returning to the level before the slowdown. The second one was during the pandemic outbreak (2020), plunging 46.3% to the lowest point of 690 thousand vehicles, and then surging 113% in 2021-2022, reaching the highest point of 1.47 million vehicles in the past ten years, also surpassing the prepandemic level. Production in 2023 declined and returned to the level close to 2018.

Fig. 6. Indonesia’s Fastener Export Proportions by Category

Fig. 7

INDUSTRY FOCUS

Figure 8 shows a similar trend in automotive sales over the past five years.

Construction

In Figure 9, over the past ten years, the numbers of new housing starts in Indonesia up to 2020 were relatively less volatile, with the median at approximately 140,000 households. There was a sharp increase after 2020, with the highest point being 200,000 households in 2021, which bagan to decline the following year (2022) Although the latest data is not yet available, the Indonesian government's relocation to the new capital is expected to increase people's needs for relocation and home purchases after 2025.

(household)

Fig. 8. Indonesia’s New Vehicle Sales in the Past 5 Years (Source: Marklines) (Vehicle)

Fig. 9. Indonesia’s New Housing Starts (Source:Moody’s Analytics)

Figure 10

GDP & PMI

In Figure 10, Indonesia's real GDP generally grew year by year in the past ten years. Excluding the volatility during the pandemic, Indonesia has maintained a fairly stable and consistent annual GDP growth rate, indicating that the growth momentum of the Indonesian economy has always been there. A similar trend is also reflected in the Indonesian Manufacturing Purchasing Managers Index in Figure 11. Considering that Indonesia’s new capital will focus on the development of AI and green energy which will define the country’s future, as well as the fact that foreign investors from high-tech and other industries will invest and settle in, Indonesia’s market economic value has a good chance of breaking a new record.

The Impact of the U.S.-China Trade War

on Taiwan Fastener Industry and Its Countermeasures

U.S. President Joe Biden announced on May 15, 2024 that he would significantly increase tariffs on a range of Chinese imports, including electric vehicles, solar cells, semiconductors, and advanced batteries, in an effort to insulate strategic U.S. industries from new competitors. President Biden continued his predecessor Trump's policy of increasing tariffs on Chinese imports in 2018. In addition to maintaining high tariffs on more than US$300 billion worth of Chinese goods, President Biden has increased tariffs on China in this election year in an effort to attract the votes of swing voters in the Midwest and elsewhere, and to stabilize the Democratic Party's relatively weak electoral fortunes. In the tariff increase this time, the U.S. raised

the tax rate on lithium-ion batteries for electric vehicles imported from China from 7.5% to 25%, and the tariff on solar cells (whether or not they are assembled into components) was raised from 25% to 50%, indicating that it will be even more difficult for Chinese products to be sold in the U.S. market in the future.

After 7 years of high tariffs imposed by the U.S. on China, the impact on China's economy has been significant. Statistics on the U.S. import trade volume from 2018 to 2023 are summarized in Table 1. China was the largest import origin for the U.S. in 2018, with an annual import value of US$538.514 billion, accounting for 21.23% of the U.S. total imports in the same year, and ranked the top of the list of import origins. After former U.S. President Trump raised China's import tariffs, China's share in U.S. imports

INDUSTRY FOCUS

declined steadily, and its position as a no. 1 import origin was finally overtaken by Mexico in 2023, with China's imports into the U.S. totaling US$427.229 billion in 2023, a decrease of US$111.285 billion compared to 2018, and accounting for only 13.85% of the total U.S. import volume in 2023. In 2023, Mexico's imports into the U.S. totaled US$475.607 billion, accounting for 15.42% of total U.S. imports in that year, and Mexico's imports into the U.S. have risen to the top of the list. Since the start of the trade war between China and the U.S. in 2018, China's share of imports into the U.S. has decreased from 21.23% to 13.85% over the seven-year period, a significant reduction of 7.38%, of which the largest beneficiaries, in addition to Mexico and Canada, Germany, Japan, S. Korea, Vietnam, Taiwan, India, etc., are all beneficiaries, and Taiwan has also grown to be the 8th largest trading partner of the U.S.

In terms of iron and steel fasteners (HS code 7318), Table 2 shows the top 10 import origins of the U.S. during 2018-2023. Taiwan (either the amount of imports into the U.S. or its rank) was in the 1st place, while the share of iron and steel fasteners the U.S. imported from Taiwan increased from 32.05% in 2018 to 34.91% in 2023, a growth of 2.86%. Although China still maintained the 2nd place, its share in the U.S. total imports fell from 26.51% in 2018 to 17.10% in 2023, a significant reduction of 9.41%. Such a nearly 10% decline made Taiwan fastener industry the largest beneficiary. Compared to 2018, the share of iron and steel fasteners the U.S. imported from Taiwan in 2022 increased by nearly 7%. It can be said that most of the U.S. steel fastener orders drawn from China have been redirected to Taiwan, which also made years 2021 and 2022 the golden two years for Taiwan fastener industry.

Table 3 shows the values and shares of iron and steel fasteners the U.S. imported from Taiwan during 2018-2023. Since the trade war between China and the U.S., both the amount and share of Taiwan's iron and steel fasteners sold to the U.S. reached record highs, especially in 2021 and 2022 (the so-called golden two years). Up to 37-39% of U.S. fastener imports were from Taiwan. Such a growth trend reached its peak in 2022 and began to cool down in 2023. The most likely factor was the visit to Taiwan by a delegation led by U.S. House Speaker Nancy Pelosi from August 2 to August 3, 2022, which was immediately followed by the military exercise of the PRC’s Liberation Army in the six seas surrounding Taiwan and the tension across the Taiwan Strait.

Table 3. Values and Shares of Iron and Steel Fasteners the U.S. Imported from Taiwan

Comprehensively, the trade war between China and the U.S. is a tonic for Taiwan fastener industry. Under the highly complementary situation of Chinas and Taiwan's fasteners, a very high proportion of fastener orders the U.S. drew from China have been redirected to Taiwan. Coupled with U.S. President Biden's intention to raise tariffs on Chinese products this year, Taiwan fastener industry should be able to continue to benefit from the Chinese orders redirection. However, since Pelosi's visit to Taiwan in 2022, crossstrait relations have taken a sharp turn for the worse, and the amount of Taiwan's fasteners imported into the U.S. in 2023 was reduced by US$ 804 million compared to 2022, accounting for a decline of 4.11%, and whether this decline will continue in 2024, cross-strait relations account for a very important impact factor.

Taiwan's President Ching-Te Lai said in his inaugural speech on May 20, 2024 that Taiwan and China are not subordinate to each other. After this statement, China launched military drills against Taiwan on May 23rd and 24th, which covered the sea and airspace around Taiwan and outer islands, and for the first time, included a marine police to carry out a joint patrol, showed their intention to seize control

Table 2. Top 10 U.S. Fastener Import Origins Statistics in 2018-2023 (Unit: Million USD)

INDUSTRY FOCUS

of the Taiwan Strait, and released a simulation of an attack on Taiwan. This will increase the effect of "cultural attack and military intimidation", and the geopolitical uncertainty across the Taiwan Strait will rise again. On the other hand, China's Ministry of Finance announced on May 31st that it would cancel the preferential tax rates for 134 products imported from Taiwan under the Cross-Straits Economic Co-operation Framework Agreement (ECFA) and restore them to the general tax rates. The affected products involve petrochemicals, textiles, machinery, steel and metals, and transportation vehicles, etc., and the new rules have come into effect since June 15th. Under China's military and economic coercion strategy, the impact of whether foreign orders will be shifted to Taiwan still need monitoring.

Starting from 2021, TSMC started to establish its fabs around the world and has major investment plans in the U.S., Japan, and Europe. In addition, Apple, Samsung, Google, Nintendo, and other well-known automotive parts and machine tools manufacturers are all gradually adopting a "local supply" production and marketing system, which will stimulate the development of the "regionalized supply chain". Canada and Mexico, two American countries that are part of the "USMCA", enjoy preferential treatment for their exports to the U.S., and were the two most important countries for U.S. imports in 2023, ranking 1st and 3rd respectively and maintaining very high import amounts. However, in Table 2, Canada and Mexico's iron and steel fasteners don't seem to

benefit a lot by the order transfer effect. Canada's share in the U.S. iron and steel fastener imports in 2018 was 5.39%, 6.36% in 2023, an increase of only 0.97%, while Mexico's share only grew 0.76%, indicating that Mexico and Canada do not have a strong iron and steel fastener manufacturing industry, which should be a good consideration point for Taiwan fastener industry before entering the U.S. market.

Most of the previous commentaries have looked at the U.S. from Taiwan's standpoint, but less from the U.S. standpoint. Let's refer to the American Chamber of Commerce in Taiwan (AmCham Taiwan)'s "2024 Taiwan White Paper" published on June 6, 2024, which puts forward 97 recommendations for Taiwan's investment and trade environment, including renewable energy construction, carbon emissions, maintaining relations with the U.S. government, financial regulations, investment regulations, health care and pharmaceutical industry structure, talent pool, etc. The “2024 Taiwan White Paper” suggests that the key to Taiwan's future forward deployment is to build "resilience," and that Taiwan must act quickly to strengthen resilience in several key areas, as described below.

1. Strengthening U.S.-Taiwan Relations: Taiwan and U.S. officials both agree that bilateral relations are closer than ever, including in the economic realm, and the U.S. Chamber of Commerce has called on Taiwan's authorities to deepen bilateral relations by pushing for early implementation of the U.S.Taiwan 21st Century Trade Initiative, the first 5 items of which have already been signed in 2023, and the two sides continue to negotiate on the remaining issues. If the agreement can be signed

ASAP, it is expected that the two sides will further discuss the possibility of signing a "U.S.-Taiwan Comprehensive Bilateral Trade Agreement" in the future.

2. Strengthening Critical Infrastructure: Taiwan should adopt a number of strategies to strengthen the resilience of different industries, including energy, telecommunications, and transportation. Infrastructure such as power plants, water supply, telecommunications, transportation, medical institutions, bridges, and highways, among other facilities should be also enhanced.

3. Enhance Renewable Energy: Taiwan should accelerate the deployment of renewable energy sources, especially for highenergy-demanding industries such as semiconductors, AI, etc.

In the "2024 Taiwan White Paper," the U.S. businesses are most concerned about Taiwan's energy policy. The U.S. businesses’ specific recommendations for the Taiwan government's energy policy are as follows.

Recommendation 1: Call on Taiwan’s Executive Yuan to set up an inter-ministerial working group to coordinate energy policy and develop a comprehensive energy policy that meets international environmental commitments, satisfies energy security, and promotes economic competitiveness to ensure the expansion of renewable energy and the 2050 net-zero emissions goal.

Recommendation 2: Enhance the predictability of the electricity fee calculating mechanism, create an affordable renewable energy market, and implement a transparent electricity fee review mechanism.

Recommendation 3: Improve the investment environment for renewable energy by relaxing localized production requirements to facilitate the investment environment for renewable energy, and improving coordination with local governments to promote the development of renewable energy.

Taiwan became the 8th largest merchandise trading partner of the U.S. in 2023. In order to build a brighter future, both sides are negotiating the Taiwan-U.S. 21st Century Trade Initiative (TUS21), continuing to strengthen bilateral economic relations, and reaching a unanimous consensus on TUS21, which will serve as a springboard for a full-scale Bilateral Trade Agreement (BTA). Once Taiwan signs a Bilateral Trade Agreement with the U.S., it will be a great encouragement to all industries in Taiwan. Private enterprises should actively support and urge the government to complete the signing of the agreement with the U.S. ASAP.

In 2024, the global situation turns more turbulent, including the intensifying trade war between China and the U.S., the ongoing Russia-Ukraine war and conflicts between Israel and Hamas, and the tension in South China Sea and Taiwan Strait. How do Taiwanese fastener manufacturers deal with the uncertainties they face? Of course, there have been some manufacturers establishing their bases outside of China, including Vietnam, Thailand and other countries. Vietnam is especially worth noting. Vietnam's sales of iron and steel fasteners to the U.S. amounted to only US$29 million in 2018, but grew to US$108 million in 2023, an increase of 372% in just 7 years, a growth rate much faster than that of other countries. In 2023, Vietnam was already the 12th largest source of iron and steel fasteners imported to the U.S., and it is expected that it will continue to rise beyond 2024.

In addition to setting up overseas factories, Taiwanese fastener manufacturers can also establish "overseas shipping warehouse", which can effectively reduce lead time, increase the competitiveness of enterprises. It is recommended that enterprises in the initial stage can consider renting warehouses in the U.S., Mexico, Canada or other countries before setting up their branches and warehouses for cross-border services. The advantages include more flexible adjustments of the operational scale, less investment in hardware, the development of information-based logistics and warehousing systems in Taiwan and abroad, resulting in smoother integration between domestic and international business, less lead time to improve the efficiency of shipments. Bigger enterprises can even consider investing in the establishment of self-owned shipping warehouses, although the investment cost is higher, in the long run it is better to reduce costs, shorten the delivery time, prevent importers from worrying about geopolitical uncertainties, maintain the resilience of shipments, and increase the long-term competitive advantages of enterprises.

Considering the fast that the impact of U.S.-China decoupling and geopolitical uncertainty have changed the global trade structure, Taiwanese fastener entrepreneurs in the ever-changing business environment must have the ability to grasp their own strengths, understand the future, avoid risks, select strategies, and rapidly improve the ability of business operations to face the changes that have already come.

Copyright owned by Fastener World / Article by Dr. Wayne Sung

Taiwan International Fastener Show 2024

Quality Fasteners Shine with Taiwan Now in the World’s Spotlight

The 7th Taiwan International Fastener Show continued its popularity from last year and opened its doors to the world again at Kaohsiung Exhibition Center from June 5th to 7th this year. According to the show’s website, the organizer predicted that 10,000 domestic and foreign buyers and related industry players would come to visit and purchase. According to data provided by the organizer, this edition attracted nearly 300 companies taking up an exhibition area of 20,000 square meters, an overall scale increase of 20% compared with last year. Overseas buyers mainly came from India, the United States, Europe, Japan, Germany, and Thailand.

This edition centered on "sustainable fasteners & precise practice", using low-carbon and low-energy-consuming materials in decoration, transportation, signage, etc. More than 95% of the decoration materials in the venue were recyclable and reusable, expected to achieve carbon reduction by 50%. This edition also responded to the AI boom and used AI show guides for the first time. Visitors could learn about important activities and special exhibition areas through direct dialogue. Generative AI technology was also introduced to assist product display using 3D models, increasing visitors’ interaction with the exhibits. In addition to the planned "High-Value Fastener Gallery", the "Sustainability Zone" showcased Taiwan's first carbon emissions traceability management system exclusively for the fastener industry, as well as a number of energy-saving, carbon-reducing and waste heat recovery technologies. A briefing was held in the show to provide one-on-one guidance on reporting CBAM data and required documents.

A big highlight of the "Global Fastener Industry Forum" held on the first day of the show was inviting Alexander Kolodzik, Secretary General of the European Fastener Distributors Association, to give a speech on the "Impact and Strategies of CBAM on Taiwan' s Fastener Trade", which attracted the audience from Taiwan, Japan, the United States, Europe and many other countries. In addition, Sheh Fung Screws G.M. Kent Chen was invited to introduce High-Value Fastener Products and Smart Manufacturing, and Sunco Industries President Okuyama introduced Japan's innovative fastener logistics technology.

Fastener World's booth came with a new visual theme and dress design this time, and once again offered highly favored popcorn and bakery, as well as takeaway drinks. Visitors could snack on the specially designed sofas and interact with the Fastener World staff and fastener companies from many countries. The booth was full of visitors. We encountered end users from the U.S. looking for high-quality fastener products made in Taiwan, as well as Japanese nut manufacturers and Turkish fastener manufacturers coming to look for Taiwanese suppliers. This year, Taiwan attracted more attention than ever from the world and many buyers recognized again the key role played by Taiwanese fastener suppliers. Buyers were taking advantage of this show in Kaohsiung to continue to strengthen close collaboration with Taiwanese suppliers.

The organizer has announced that the next edition will be in 2026. Stay tuned to Fastener World and the official website ( www.fastener-world.com ).

Copyright owned by Fastener World / Article by Dean Tseng

Taiwan Steel Group-Chun Yu Works & Co., Ltd.

Realizing Social Welfare and Demonstrating Commitment to Customers Through Quality

Chun Yu Works & Co., Ltd., an established fastener manufacturer in Taiwan, has become even more prominent after joining Taiwan Steel Group (TSG) in recent years. In addition to the youthful corporate image and more creative marketing campaigns making the public amazed at its change, Chun Yu's energetic cheerleading performance and prize quiz, as well as autograph signing activities by stars of the Group's basketball and baseball teams at Taiwan International Fastener Show this year, have made visitors get more excited about Chun Yu's future development.

Integration of Group Resources to Offer More Competitive One-Stop Service

Brand visibility is an important pillar for the sustainable development of an enterprise. Although Chun Yu has been the most representative professional fastener manufacturer in Taiwan, it still continues to draw attention through exhibitions, advertisements, and other channels to expose its products, and at the same time, it also hopes to show a more positive attitude in promoting social welfare and practicing corporate responsibility.

As an important part of TSG's 4 major industries (steel, chemical & green energy, health and sports, and Internet), Chun Yu mainly focuses on steel structure parts, self-drilling screws, collated screws, wood screws, chipboard screws, and other high-quality fasteners, and focuses on European and American high-end markets. Together with TSG's resources in raw materials, dies and machines, Chun Yu can integrate the strengths of the Group's fastener-related companies, such as OFCO, GMTC, and S-Tech Corp. to provide one-stop services to customers.

Denise Lee, Manager of Chun Yu, said, "The resources from TSG have enabled us to control our raw material costs and compete with our counterparts in emerging markets such as China and Vietnam, and the one-stop-shopping service has also greatly enhanced our competitiveness.”

Carbon Footprint Certification to be Approved in H2 This Year

Chun Yu has passed many certifications like ISO, IATF, JIS, ICC, CE, A2LA, etc. After the implementation of the EU CBAM measures, Chun Yu immediately invested in the carbon reduction and green manufacturing field and conducted the relevant carbon footprint inventory and certification, and it is expected that it will be able to obtain the ISO14067 carbon footprint certification by September/October this year. Meanwhile, it has also set ESG sustainable performance goals for itself in the areas of resource reuse, net-zero and low carbon emission, and water management, which will be helpful for its future sales expansion in the European and American markets. Manager Lee said, "Chun Yu is not only a fastener manufacturer, but also plays an important role in practicing social responsibility and promoting social welfare. In the future, we will continue to serve our customers with excellent quality and delivery, and strive to improve the functionality of our products. We are confident that the market will rebound next year, and we look forward to our customers' continued interest in Chun Yu's changes."

Chun Yu contact: Section Chief Ariel Lan Email: ariel@chunyu.com.tw

Fu Hui Screw

Strong Support for T2 Supply Chains in Europe and the U.S., with Machine Upgrades in the Pipeline

Fu Hui Screw Industry, which has participated in Taiwan International Fastener Show for many times, has once again grabbed the attention of visitors this year as a leading manufacturer of automotive fasteners in Taiwan. With IATF 16949/ ISO 9001/ ISO14064-1:2008 certifications, Fu Hui mainly produces automotive fasteners, industrial fasteners, customized special parts, and all kinds of high tensile fasteners. Fu Hui's technology is not only superior to many automotive fastener manufacturers, but also an important partner in the T2 supply chains of the European and American automotive industry. In order to let customers deeply understand its characteristics, Fu Hui also displayed many new products with technical advantages at its booth this year, demonstrating the established fastener factory's innovative steps to keep pace with the times.

Entering the Critical Automotive Fasteners Field with Precision Technology

Automotive fasteners are classified into different grades according to their technical difficulty, and Fu Hui has entered into the most critical parts of the automotive engine, and has been supplying special one-piece formed screws to many well-known automobile plants for a long time. Under the business philosophy of quality rather than quantity, Fu Hui rarely produces standard products, but chooses to invest most of its R&D capacity in special products with higher technical levels, thus attracting the attention of mid-range and high-end market customers.

Fu Hui President Fu Jen Tang said, "We have always been highly confident in the field of screw manufacturing, and the more difficult and complex it is, the more interested we are! These high-precision fasteners are very difficult to form on a traditional 3-die or 4-die machine, but we have machines up to 6-die and 6-blow, and the experience of our technical team allows us to meet all the challenges our customers present.”

Highly-efficient Taiwan-made Machines Create Cost and Performance Advantages

Fu Hui understands that manufacturing cost and performance are the keys to enhancing the competitiveness of customers, so high-end Taiwan-made machines that can balance both cost and performance are often adopted in its production lines. Moreover, Taiwan's machinery industry has shown significant progress in recent years in both technology and equipment performance, comparable to their counterparts in Europe and the U.S., thus enabling Fu Hui, which has considerable experience in the use of Taiwan-made machinery, to create more added value for its customers.

President Tang said, "Previously, the equipment required manual fine-tuning, but now we can adjust the die settings through computerization and data, which not only reduces die damage and wear, but is also a great benefit to the machine and fastener manufacturing industries. I also discussed the equipment upgrading plan with several Taiwanese machinery manufacturers at the show this time, and in the future we will be able to produce longer screws with fewer dies.”

Fu Hui, established nearly 50 years ago, not only exchanged ideas and interacted with domestic and overseas counterparts and partners at the show this year, but also actively learned about the industry's dynamics and economic conditions, hoping to seek more opportunities for cooperation at a time when the economy is recovering (especially in the U.S. market). On the other hand, it will endeavor to secure more orders for high value-added products such as those made of silicone bronze, deepen its promotional efforts in the European and U.S. markets, and expand and strengthen its solid cooperation with local partners.

Fu Hui contact: Ms. Olivia Tang

WinLink Fasteners, worldly known for its 5A service of "Action, Accurate, Attitude, Active, Advanced" and specialized in standard/specialty stainless steel fasteners, large-size and OEM products, returned to its home ground in Taiwan this year to demonstrate to the world during the grand Taiwan International Fastener Show that it has the strength to remain at the forefront despite changes in the industry. In addition to letting overseas customers understand the solid foundation of Taiwan fastener industry, which has been passed down from generation to generation and developing steadily through practical exchanges, WinLink also hopes to maintain its brand awareness and establish more cooperation through exhibiting and presentations at a meeting room.

In Line with Industrial Changes; Fully Automated Factories to Serve Diversified Needs

Managing Director Wen-Ling Ko said, "Our services follow the changing needs of the industries. We don't emphasize on what products we produce, but rather on what industries we can serve." Whether it is globally popular green energy, 5G cell sites, solar energy, petrochemical, natural gas, or water resource, AI cooling, and rocket/aerospace which may be the future trend, WinLink has recognized its development potential early and actively approached customers prior to their inquiries. Although the fastener industry does not change as fast as the IT industry, WinLink, backed by the industry's most automated smart factories and a team that understands the needs of the industry, is always able to accept new challenges to provide services to more industries, and is willing to provide sponsorship to industries with promising development prospects. Managing Director Ko said, “Teamwork, experience in different industries and in-depth market research reports allow us to be ahead of our peers in exploring more market potential areas.”

The Fastener Company that Understands the Law to Cope with Diversified Challenges

WinLink's in-depth understanding of relevant laws and regulations is the key to stand out in the industry. Whether it's anti-dumping, carbon emissions, human rights, or the U.K. Modern Slavery Act 2015 (which the industry may not have noticed yet), the team is dedicated to researching on these important issues to help customers meet the requirements of the law. Managing Director Ko said, "As a knowledge-based enterprise, I think it is worthwhile for the industry to learn from the management operation of IT industries such as TSMC, and I will continue to incorporate these practices into WinLink's service philosophy."

WinLink contact: Managing Director Wen-Ling Ko Email: sales@winlink.com.tw

WinLink Fasteners- Creating a Knowledge-based “Client-Centric” Fastener Enterprise

Giving Employees Enough Space and Valuing In-depth Communication with Customers

WinLink emphasizes on education and training and full participation of all employees, so each employee has enough freedom and space to develop his/her own strengths according to his/her characteristics, and is encouraged to set up his/her own annual goals. Especially when Taiwan's industry is facing more challenges and competition, enterprises should not be satisfied with past successes, and should let machines do what they can do, while employees should focus on customer communication and problem solving together. Managing Director Ko said, "Crisis is a turning point, and we need to find our own strengths and traits and tap into the power to start anew in the midst of all the competitions. In the future, we will continue to focus on how to introduce advanced technology, which has been applied in large enterprises for many years, into the automated inspection and die management of fastener production lines, and discuss the development and application of new materials with upstream suppliers...etc. We are also looking forward to strengthening more exchanges and learning from each other with many industrial professionals."

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

Yeswin Machinery

High-Precision Energy-Saving Machines Accelerate Carbon Reduction in the Industry

Yeswin specializes in the production of 3-die, 4-die, and 5-die screw forming machines (normal, extended, and extra-long) as well as 5-die, 6-die, and 7-die special part forming machines, whose excellent design and remarkable performance are the most important keys for many fastener processors to produce high-quality fastening products. The technology and durability of its machines recognized by the industry also allowed Yeswin to attract a number of domestic and international buyers to stop and ask questions at this year's fastener show in Kaohsiung.

Introducing More Energy-Saving Designs In Response to Carbon Reduction

During the show, Yeswin not only actively interacted with buyers from home and abroad, but also noticed that energy saving and carbon reduction have been already a major trend in the future industrial development. Yeswin's recently launched or upcoming models will fulfill the requirements of customers in this area.

“Energy saving and carbon reduction are an international trend, and many of our customers are using this as a reference for their orders. Therefore, we’ll develop our future models based on this trend, including the installation of energy-saving components on the machine body to convert kinetic energy into electrical energy, which are what we are trying to do," said Yeswin. “Some customers have already adopted our machines and tested them, and they have proved that the energy consumption of their main motors can be significantly reduced by about 15-20%."

Self-Developed Dies for High Precision Forming

In-house die development is one of Yeswin's major advantages. Since the dies used are all developed and designed in-house, the precision of forming can be more accurately mastered. Even for products with small size and hole diameters, Yeswin can ensure that the finished products meet the strict requirements of customers and international standards, making its machines suitable for customers in the middle and high-end markets.

Yeswin said, "Our customers are located in Europe, the U.S. and Asia, and in recent years we’ve seen significant growth in Southeast Asia. We also hope to further expand our presence in Europe and other important markets through our strengths in product precision and design.”

High-speed & Stable Operation and Expanding the Field of Through-Hole Long Screw Processing

Processing speed is a very important evaluation criterion for customers to choose a machine. Yeswin is committed to high-speed machine development, while at the same time ensuring the stability of processing and the precision of finished products, so its technology continues to be at the forefront of the industry. Yeswin said, "We’ll continue to launch new machine development programs. For example, the design of a clamping structure that can be simultaneously opened and turned, as well as machines that can maintain precision for ultrashort parts and ultra-long through-hole parts, will be among our recent endeavors."

Yeswin contact: Ms. Joanne Hsueh Email: joanne@twyeswin.com

Refusing to be a Copycat, Pro Power Can Always Surprise Everyone with Creative Ideas

Since Pro Power participated in Taiwan International Fastener Show for the first time, the design creativity and activities presented at its booth every year have been always the reference for other fastener companies to learn from. In this year's show, Pro Power once again succeeded in gathering the flow of people in the exhibition hall with a large display screen stand and highly creative slot bag drawing games, demonstrating its unrivaled topic creativity and ability to attract visitors.

Utilizing Advantages of the Source of Products to Offer Customers Good Screws at Lower Prices

"Our price is cheap!" has been the most impressive slogan since Pro Power was founded, and such a bold marketing strategy has made many of those who are afraid of jumping into the price-cutting competition realize the typical maniacal style of Pro Power President Chris Chen, who is not afraid of taking risks and challenges. Although low price is its main selling point, Pro Power's products still achieve excellent performance and quality. Various kinds

of small and large packs of household screws (e.g. wood screws, roofing screws, drywall screws, deck screws, small screws, etc.) exhibited at the show fully demonstrated Pro Power's professional ability to strike the best balance between the manufacturing cost and quality of its products.

President Chen said: "To draw as much attention as possible in the industry and let more customers notice our highly competitive products is the biggest goal of Pro Power’s participation at this exhibition, and we sincerely welcome buyers caring about affordability and quality to place more orders with Pro Power. Taiwanese manufacturers used to fly to Europe and the U.S. to promote their products, but this year's show in the world's most important source of fasteners undoubtedly allowed overseas buyers to see the strong fastener manufacturing strength of Pro Power and its Taiwanese counterparts, and was also an excellent way for them to gain an in-depth understanding of the industrial and technological upgrading efforts that Pro Power and Taiwan fastener industry had been making over the past few years."

Glad to be a “Crazy Man” to Enhance the Industry’s Image

President Chen expressed his pleasure to be a model for the industry as more and more companies are taking reference from Pro Power's creative booth design and thematic activities at the show. He encourages the industry to continue to look ahead and enhance their creativity and competitiveness, so that overseas buyers will find it more interesting and willing to stay longer when they visit the show in Taiwan, rather than just passing by, and on the other hand, it will also enhance the overall image of Taiwan fastener industry to the outside world.

President Chen said: "When everyone follows the footsteps of Pro Power, it may mean that we are going on the right direction. We’ll work hard to achieve a 50% increase in sales and return to the next show with amazing creativity.”

Pro Power contact: Chris Chen Email: chris@propowerfastener.com

Steel Stone Incorporates Taiwanese Elements into Stand Design at Taiwan International Fastener Show

Who said that the booth design can only be standardized? Professional furniture screw manufacturer, Steel Stone Co., Ltd., has changed most people's stereotype of how a standardized booth design should be at Taiwan International Fastener Show this year. The "Steel Stone Temple", designed based on the theme of traditional Taiwanese temples, also incorporated many elements of early Taiwanese temple fair imagery. The authentic Taiwanese elements made many visitors from home and abroad praise "It’s so creative!” Steel Stone's booth was even decorated with plastic red tables and chairs commonly seen in Taiwanese street vendors, as well as desktop Bingo game consoles that most people played with in the early days, childhood biscuits and candies, “WHISBIH” refreshing drinks, betel nuts, Taiwanese beer and other local Taiwanese specialties, all of which were skillfully embellished in the booth, making it the talk of the show.

Cabin Chen, General Manager of Steel Stone, said, "Steel Stone's products are mostly special products. In order to show Steel Stone's strength and unlimited creativity in product development and design, we took the temple as the theme of the booth. Because screws are a traditional industry in Taiwan, we wanted to use the temple and the temple fair representing the classic characteristics of Taiwan's traditions as elements to give everyone new ideas about the heritage, and also let everyone remember the temple fair activities in their childhood and come to the “Steel Stone Temple” to have some fun. We also hoped to create a more entertaining atmosphere for the serious fastener event, and further showed people that Taiwan fastener industry, though a traditional industry, could still continue to incorporate innovative ideas and technologies."

Steel Stone is one of the most representative companies in Taiwan's furniture screw manufacturing chain, and at this exhibition, Steel Stone also met buyers from India and introduced its products to them. General Manager Chen said, "The market demand is changing day by day, and in the future, we’ll continue to introduce new products with more characteristic design and creativity, and we’ll also develop new customers from furniture companies and factories all over the world. In addition, Steel Stone will continue to participate in international exhibitions such as Fastener Fair Global, Interzum, etc., to present the excellent quality of Taiwanese furniture screws and the design strength of customized manufacturing to more international buyers.

2,000+

Steel Stone contact: Ms. Enya Chen Email: ststone@ms61.hinet.net

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

Global Fastener Forum

Secretary

General of EFDA

Alexander Kolodzik: Supply Chains Should Work Together to Meet CBAM Challenges

Taiwan and Europe have a close trade relationship in fasteners, and when the CBAM measures come into effect, Taiwanese fastener manufacturers will face more complicated regulatory requirements and severe challenges in exporting to Europe in the future.

Alexander Kolodzik, Secretary General of European Fastener Distributor Association (EFDA), was invited to analyze the "Impact and Strategies of CBAM on Taiwan's Fastener Trade" to help Taiwan industry better understand the European side's thinking and Taiwan's way of response.

Fastener Manufacturers Play a Key Role in CBAM Reporting

Secretary General Alexander said that CBAM can be broadly divided into two phases, with October 2023 to the end of 2025 being the transition period and the full implementation phase from 2026 onwards. In the first phase, fastener manufacturers play a key role, because from October 2023 onwards, importers of fasteners in Europe will be required to submit to the CBAM Registry, on a quarterly basis, more detailed information on the import of fasteners, including the commodity codes of fasteners being imported, the names and addresses of manufacturers, the names of manufacturing plants, as well as, most importantly, data on direct and indirect carbon emissions, which have to be supplied by the fastener manufacturers in the countries from which the fasteners are being exported. In addition, importers will be required to provide "actual" carbon emissions data from Q3 2024 onwards, and the previous reference default values will no longer apply. As it is considered unlawful and risky to be sanctioned for EU importers failing to submit data on imported fasteners on time, EU importers will not place any order with a supplier who fails to provide emission data for sold fasteners. In the spirit of the legislation on transparency in the supply chain, the disclosure of the source of supply is unavoidable and can only be achieved through the concerted efforts of all of us. EFDA's partners in Taiwan (TIFI, Taiwan Institute of Economic Research or TFTA) and professional consultants are the channels through which you can make inquiries. EFDA also has a working group set up by experts from European fastener distributors to assist the industry in responding to the CBAM and provide suppliers

with both Mandarin and English versions of the CBAM regulation briefing notes and reporting templates, as well as a guideline to assist manufacturers in calculating their carbon emissions (which will be published in the near future). When CBAM is formally implemented in 2026, EU importers will be required to pay a fee for carbon emissions per ton of imported fasteners, and the percentage of the levy will increase year by year until 2034. This additional high cost will have a huge impact on the competitiveness of fastener manufacturers.

CBAM Brings Challenges but Also Business Opportunities

The implementation of the regulation in 2026 will certainly have a greater impact on the fastener industry, such as a greater administrative and financial burden for importers and suppliers, and a significant increase in the total cost of production of fasteners. Alexander said that the use of more environmentally friendly steel materials would show lower carbon emission data, and the costs associated with CBAM would also be lower. Reducing carbon emissions from the production of fasteners would create a competitive advantage for individual companies or for an entire exporting country (e.g., Taiwan). Fastener and raw material manufacturers can create these advantages by adopting green energy. Taiwan can create more competitive advantages for itself if it can make more progress in carbon reduction.

Alexander emphasized that businesses and individual countries must strive to meet CBAM's specifications and requirements in order to remain competitive, suggesting that active collaboration with supply chain partners to provide valid data and use green energy is essential to maintain competitiveness. Suppliers in Taiwan can also look to EFDA to help with any challenges arising from CBAM.

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

Global Fastener Forum

Sheh Fung General Manager Kent Chen: High-value Transformation and Green Manufacturing are Future Trends

Under the title of "High-Value Fastener Products and Smart Manufacturing", Kent Chen, General Manager of Sheh Fung Screws, pointed out at the beginning of his speech that fasteners will remain a promising and potential industry in the future. He believes that the robust development of the fastener industry has enabled Taiwan to gain a foothold in the world, and hopes to share his experience with the industry through Sheh Fung Screws' recent achievements, and to gather the power of the industry to integrate industrial resources and work together for the fastener industry. In particular, high added value, smart and green manufacturing are the top priorities.

3 Key Elements of High Added Value: Efficiency, Difference, and Change

General Manager Chen mentioned that there are three major stages of seeking high added value: "Improvement of Efficiency", "Creation of Difference", and "Continuous Transformation". In order to improve efficiency, Sheh Fung has been active in digital transformation and introduced automated systems to enhance information transparency, helping employees understand the company's niche products. Sheh Fung has also introduced the Japanese coating process to create differences and added value to the industry, creating a better price advantage. Considering that the prices of Taiwanese screws are mostly in the mid-price range and there are tariff costs for export to Europe, Sheh Fung set up a Vietnam factory to expand its sales scope and diversify risks at the same time. General Manager Chen said: "Over the past 60 years, Sheh Fung has successfully transformed from a trader to a service-oriented manufacturer, and has continued to find solutions for customers to enhance the value of its products". Among the four major fastener types, General Manager Chen said that aerospace fasteners feature strict requirements, high price but a small market; automotive fasteners benefited from the development of EV are undeniably an important part of Taiwan fastener industry seeking high added value, and its threshold, quality and safety coefficient requirements are higher; the electronic screws commonly used in the semiconductor and electronics industry feature high unit price and high added value; construction screws, though in greater demand, do not show many high added value features, Sheh Fung, who has been rooted in this field for many years, can further increase the price by strengthening their high added value through the coating technology, which can also create a high value added market for itself on par with other aerospace fasteners. General Manager Chen emphasized that in order to break away from the red ocean competition, it is important to move into customized production and to

maintain consistent quality and delivery. Sheh Fung has been able to increase its gross margins by providing screw design services to its customers through its own factories, which is especially important at a time when the cost of acquiring land is higher.

Smart Manufacturing Facilitates Digital Transformation and CrossIndustry Cooperation Boosts Green Manufacturing

Sheh Fung's data presentation has become more transparent and real-time through scanning barcodes to automatically produce work orders and automatic quantity filing on electronic scales, etc. It is also capable of clearly calculating carbon emissions data in response to ESG and CBAM trends. General Manager Chen pointed out that green manufacturing will be the focus of Sheh Fung's future development, and that the understanding of the manufacturing process to enhance carbon reduction and the cooperation withing the fastener industry (or even cross-industry) will accelerate the achievement of the green manufacturing goal. Finally, General Manager Chen emphasized that "people" play a very important role in Sheh Fung's corporate culture. He believes that the loss of talent is a loss for the company, so Sheh Fung has many employee welfare systems to help retain talent, and also encourages cross-departmental participation and communication among employees to strengthen the centripetal force. Through these modes of operation, Sheh Fung has begun to enjoy the fruits of its efforts in the past few years, with order volume, sales and EPS all rising significantly. In addition, General Manager Chen said that social care is also an important part of Sheh Fung, and that Sheh Fung will continue to contribute to the community with the spirit of "what is taken from the community is used in the community" while making profits.

Global Fastener Forum

President Okuyama of Sunco Industries (Japan): Technological Innovation in Fastening Systems and Current International Market Trends

Sunco Industries is an international professional fastener trading and logistics company, providing JIS metric fasteners to all over the world, with an annual turnover of US$2.57 million. President Yoshihide Okuyama is great at programming and uses it to introduce Japan's unique logistics technology to the distribution center in Higashi-Osaka City. He has invested in the development of an automatic distribution robot by Hakobot, and plans to conduct a demonstration experiment of automatic fastener distribution this summer. The president shared his delicate Japanese logistics management tips in the forum.

In addition to importing fasteners from overseas suppliers, Sunco has customers who are mostly fastener retailers, and features shipment available for orders starting from one single fastener. The president said that Sunco handles large fasteners weighing 15 kilograms, going all the way down to small fasteners weighing 0.01 grams. That is a large assortment of types. A total of more than 2 million fastener products are handled, and Sunco continues to add 5,000 products every month, with the goal of reaching 3 million pieces. One of the customers places as many as 150 orders a day. On average, 50 orders are received per day per customer.

Reasons for Placing Distribution Centers Closer to Suppliers

Higashi Osaka is a big manufacturing city, especially known as the "Fastener City of Japan". This city has about 400 fastener manufacturers, the largest number in Japan, as well as the most fastener employees and shipments. Therefore, Sunco places the distribution center in an area where fastener manufacturers are concentrated. There are about 80 suppliers within a radius of 3 kilometers. Extend the radius to 10 kilometers and there are as many as 100 suppliers around. There is a reason for Sunco's decision to place the distribution center closer to suppliers. Without suppliers near the distribution center, a large number of products will have to be transported by large trucks each weighing more than 10 tons. Product receivers will be swamped with hectic work, and the number of trucks waiting in line will also increase. On the contrary, most of the goods for Sunco's distribution center are transported by small trucks, and large trucks only come once a day, so Sunco can enjoy the benefits of staying close to suppliers. The long working hours of truck drivers have been at the center of focus and known as “Japan's logistics problem in 2024". The reason is the sheer amount of time that it takes to unload from large trucks. Some distribution centers could therefore be troubled with traffic jams due to the queues of trucks. This is a big problem. The president believes the main reason for this problem is putting distribution centers close to where consumers are, causing delivery delays.

"Cargo Matching" Technology

Sunco mostly handles smaller fasteners of many types and small quantities, so the products need to be packed into cartons, small boxes or in bulk. Sunco gathers order data, and uses computers to constantly calculate to find out whether the product quantity is enough to fill a carton. Shipments are made when the order volume is sufficient to accommodate the carton volume, which improves efficiency. As order volume becomes smaller and smaller, it gets increasingly difficult to fit into one carton, resulting in reduced work efficiency. To that, Sunco's distribution center has 6 floors and each floor is stocked with goods. If a customer orders multiple goods, the goods will be taken out from each floor and sent to the packaging area on the second floor through a vertical conveyor. This is Sunco’s “cargo matching” technology.

"Customer-Specific Closing Time Processing" Technology

To assemble products coming from each floor, it is necessary to set up temporary storage shelves for each customer. As the number of customers increases, so does the need for temporary shelves, resulting in a lack of storage space. To solve the problem, the president used mathematics to analyze order dynamics and calculate the final order time for each customer, and applied this calculation to all 5,000 customers. This technology, called " Customer-Specific Closing Time Processing", has acquired a patent. Although the number of shipments has increased since the introduction of this technology, overtime hours for logistics work have been reduced by 34%, and work in the distribution center can be completed more than an hour earlier.

The achievement with these two technologies has given Sunco enough foundation to successfully transition from a domestic trader to an international trader known today.

Copyright owned by Fastener World/ Article by Dean Tseng

Global Fastener Forum

Head of Registration and Member Privilege and Committee of Thai SUBCON Watsamon Chayapum: Demand for Automotive Specialty and Construction Fasteners Looks Promising

Under the title of "The Market Trends of the Fastening Market in Thailand", Head of Registration and Member Privilege and Committee of Thai Subcontracting Promotion Association (Thai SUBCON) Watsamon Chayapum presented to industry professionals interested in entering or investing in the fastener market in Thailand.

Ms. Watsamon said that the main fasteners applied and used in Thailand are estimated to be around 40% for automobiles, 25% for construction, 20% for machinery & equipment, 10% for electrics/ electronics, and 5% for other areas. There are currently more than 300 fastening-related companies in Thailand (84% are small firms, 12% are medium enterprises, and 4% are large companies), whose annual sales in 2022 reached US$1.44 billion (about 50.35 billion baht). The top 10 fastener manufacturers alone account for nearly 50% of the total market share in Thailand.

Watsamon said that the development of electric vehicles is creating a higher demand for specialized fasteners. In addition to the demand for battery packs and electric motors, the demand for fasteners with lightweight materials and high-performance features is also increasing. In addition, the Thai government's plans to stimulate the economy by investing in large-scale infrastructure are also contributing to the growth of the fastener market, especially the Eastern Economic Corridor (ECC), which includes the establishment of special economic zones, the expansion of U-Tapao Airport, the construction of high-speed railways/ double-track railroads, and the expansion of important ports.

However, Thailand's local fastener manufacturers are also facing some challenges. For example, most of the standard products in Thailand are low-priced products imported from China. In 2022, Thailand imported about US$145 million of fasteners from China, about 75% of its total fastener imports. As the quality of Chinese fasteners has improved significantly over the past few years, Thai companies will have to innovate and explore more niche markets or value-added services to compete with them.

Watsamon also sees many opportunities for Taiwanese companies in Thailand. With a growing demand for high quality fasteners and locally sourced suppliers, Taiwanese companies may consider working with Thai companies to expand their local distribution network and market entry, as well as transferring knowledge to local companies to achieve a mutually beneficial partnership and enhance market visibility. The Board of Investment of Thailand (BOI) also offers incentives and support resources such as tax incentives.

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

Mexico's Economic Performance in 2023

GDP, PMI, Car Production & Sales, Fastener Trade

Factors Affecting GDP Growth

In 2023, Mexico's economy demonstrated resilience and growth across key indicators. With a population of 130.3 million, the country's GDP reached approximately US$3.1 trillion (PPP), supported by a notable 3.9% growth in 2022 and an average annual growth rate of 0.6% over the past five years. GDP per capita stood at US$23,548, reflecting varying economic standards within the population. Unemployment remained low at 4.4%, while inflation was moderate at 7.9%. Mexico attracted US$35.3 billion in Foreign Direct Investment (FDI), highlighting its appeal to global investors. Public debt, at 54.1% of GDP, requires careful management to sustain economic stability. These indicators underscore Mexico's economic strengths and ongoing challenges as it navigates global economic trends and internal dynamics to foster inclusive growth and development.

Several factors likely influenced Mexico's 2023 GDP growth:

• US Economic Performance: The health of the US economy, a major trading partner, significantly impacts Mexico's exports and economic activity.

• Domestic Consumption: Consumer spending patterns in Mexico play a crucial role in GDP growth. In 2023, Mexico's industrial sector continued to play a pivotal role in the country's economy, contributing significantly to GDP and employment. Key industries such as automotive manufacturing, electronics, aerospace, and food processing remained robust, bolstered by favourable trade agreements, skilled labour force, and strategic geographical location. The automotive industry, in particular, maintained its position as a leading manufacturer and exporter of vehicles, with production reaching 3.7 million units. The electronics sector saw advancements in technology and production capabilities, while aerospace benefited from global demand for aircraft components.

Additionally, Mexico's food processing industry thrived, driven by domestic consumption and export opportunities. These industries collectively underscored Mexico's role as a competitive player in the global manufacturing landscape, supported by ongoing investments in infrastructure, innovation, and workforce development.

• Remittances: Money sent back to Mexico by Mexicans working abroad (remittances) contributes significantly to GDP.

• Tourism: The revival of the tourism industry after the pandemic would have positively impacted GDP.

• Government Spending: Government spending on infrastructure and social programs can influence economic activity.

Purchasing Managers' Index (PMI)

Understanding PMI: The PMI is a monthly survey-based indicator of business activity in the manufacturing sector. A PMI reading above 50 suggests expansion, while a reading below 50 indicates contraction.

Mexico's PMI in 2023: Monitoring Mexico's PMI throughout 2023, as reported would provide valuable insights into the manufacturing sector's health. An expanding manufacturing sector would signify positive contributions to GDP growth.

Factors Affecting PMI: Similar to GDP, several factors can influence Mexico's PMI:

• Global Demand: Strong global demand for manufactured goods, particularly from the U.S., would lead to a higher PMI.

• Input Costs: Rising input costs due to supply chain disruptions or commodity price fluctuations could dampen business activity and lower PMI.

• Availability of Inputs: Ensuring a steady supply of raw materials and components is crucial for maintaining manufacturing output and a high PMI.

Car Production and Sales1

Mexico's automotive industry anticipates a 10.8% increase in production, reaching 4.1 million cars by the end of the year, primarily driven by higher demand from North America, according to the Mexican Automotive Industry Association (AMIA) statistics. The country’s car production reached 3.77 million units in 2023, up by 14.2% compared to the previous year. The most produced cars in the past year were SUVs, totalling 1.83 million units, followed by Pick-ups with 1.04 million units, compact cars with 632,834 units, subcompact vehicles with 153,457 units, and luxury cars with 117,462 units.

4 Exports and imports

Car exports experienced a 15.1% increase last year, reaching 3.3 million units, with 85% of total exports shipped to North America. Of these, 2.55 million cars were exported to the U.S., 264,885 to Canada, and 164,032 units to Germany. Mexico exported 90% of its production to these three countries. Additionally, Mexico exported cars to Latin American countries, including 40,503 vehicles to Brazil, 25,496 units to Colombia, and 25,117 cars to Puerto Rico, among others. On the other hand, imports totalled 222,497 vehicles in 2023.

4 Sales

Mexican car sales are projected to increase by 7% to 1.45 million units in 2024, president of the Mexican Association of Automotive Distributors (AMDA) said. In 2023, car sales in Mexico reached 1.36 million units, up by 24.4% from 1.09 million vehicles sold in 2022, president Rosales added.

Fastener Trade

The fastener industry, though seemingly small, plays a crucial role in various manufacturing sectors like construction, automotive, and aerospace. Fastener trade data provides insights into overall manufacturing activity and potential trade dynamics.

4 Imported fasteners by Mexico

In 2023, Mexico imported a total of US$3,627,671,000 worth of fasteners from around the globe. This market is crucial for various industrial sectors, including automotive, aerospace, construction, and manufacturing, where fasteners like bolts, screws, and nuts are indispensable. Here, we delve into the distribution and significance of these imports, examining the contributions of key supplying countries and their respective shares. This market is predominantly influenced by imports from a few major countries, with the United States leading the pack.

United States: Dominant Supplier

The United States is the primary supplier of fasteners to Mexico, accounting for 53% of the total imports (their share is 9% more than 2022). This equates to approximately US$1.94 billion. The substantial share underscores the strong trade relations and geographical proximity between the two nations.

China: Decreasing Contributor

China is the second-largest supplier, providing 8% of Mexico's fastener imports, valued at about US$297 million. That is half of 2022 imported fasteners' value. Price is not the main key point in the Mexico market.

Germany: High-Quality Imports

Germany ranks third, with imports worth US$210 million, making up 6% of the total. German fasteners are renowned for their precision and high quality, which are critical in industries requiring high-performance components, such as automotive and aerospace. This reputation for quality ensures a steady demand for German fasteners in Mexico.

Taiwan and Japan: Technological Edge

Taiwan and Japan each account for 4% of the imports, with values of US$133 million and US$130 million respectively. Both countries are known for their advanced manufacturing technologies and highquality fastener production. Their contributions highlight the demand for precision-engineered fasteners in Mexico's high-tech industries.

4 Exported fasteners by Mexico

In 2023, Mexico's export of fasteners reached a total value of 206.700 million USD (27.5% lower than 2022), with the United States being the dominant recipient. The export distribution highlights the significant reliance on the US market, which absorbed 186.030 million USD worth of fasteners, accounting for a substantial 90% of Mexico's total fastener exports. This overwhelming share underscores the U.S. as a critical trading partner for Mexico in this sector.

Canada, the second-largest importer of Mexican fasteners, received exports valued at 10.335 million USD, representing 5% of the total exports. Although this is significantly lower than the U.S. share, it still indicates a notable trade relationship within the North American region.

Last Word

In 2023, Mexico's economy demonstrated resilience with significant growth across key sectors, including a GDP of US$3.1 trillion (PPP) and a 3.9% growth rate in 2022. The automotive industry excelled, with car production reaching 3.77 million units and a 15.1% increase in exports. The fastener trade also highlighted strong U.S. relations, with the U.S. importing 90% of Mexico's fasteners. Despite a slight decline in fastener exports and imports, this reduction might indicate improvements in Mexico's domestic fastener industry. Enhancing local production capacity could reduce dependency on imports and boost self-sufficiency, contributing positively to the overall economic landscape.

1 https://www.globalfleet.com/fr/fleet-strategy-manufacturers/latin-america/features/2023-mexican-car-market-volumes-andtrends?t%5B0%5D=Mexico&t%5B1%5D=Car%20Manufacturers&t%5B2%5D=Car&curl=1

Optimized Thread Geometry to Improve Connection Strength

This article analyzes a systematic approach to increasing the strength and durability of fastening connections based on optimization on thread geometry. It is shown that small diameter threads come with a large pitch. Threads of large diameter with a reduced level of defects are fasteners with a small pitch, which, as the main one, is much larger in absolute value. Optimization in the form of unification is proposed to bring the variety of thread geometry to a rational minimum to improve the performance of the fastening connection.

The appearance of carving is considered the beginning of the industrial revolution. Now, threaded connections of fasteners, due to their simplicity, reliability and versatility, are widely used for almost any industrial equipment. At the same time, it is promising for improvement in various fields, including new industries. Improving the design of a threaded connection can be aimed at increasing the strength characteristics without reducing the ductility of the fastener metal due to two great advantages of threads.

Advantages of Threads

Firstly, the detachable connection of parts and elements makes it possible to design and manufacture complex machines and structures with expanded production of their modifications. Secondly, dismantling and simple replacement of worn, damaged and destroyed fasteners ensures quick restoration of functionality and extends the service life of machines and structures while reducing the costs associated with their use and maintenance.

Systematic Approach in Absence

However, despite these advantages of threads and long-standing use wi th expanding standardization, a systematic and well-f ounded approach to increasing the strength of fasteners under static and variable loads is practically absent. This is due to the fact that the potential

of material science to increase the strength of fastening joints is, as a rule, limited by the technological deformability of materials. When both the design possibilities of thread profile geometry have a more promising potential for their strength optimization, it logically follows from an analytical consideration of the inconsistency and irrationality of standards for the geometry of fastening threads.

Used for several hundred years and standardized since the 19th century, fastening threads are the same from a theoretical point of view, since they have common construction principles and are characterized by almost the same set of geometric parameters. A screw thread in technology is a group of alternating projection and depressions of a certain extent on the surface of a body of revolution, which is the main geometric element of a threaded fastener. At the same time, threads for connecting bolts, screws, studs and nuts can be considered as an inevitable design defect such as an inclined screw notch, which has a certain helix angle and can be subject to the combined effects of a combination of shear and pullout stresses. Typically, the value of such a structural defect for a fastener made of high-strength steel is taken to be the working height of the thread profile, calculated from the pitch and radius of curvature of the thread root. It is obvious that, for example, a high and overloaded protrusion in the form of an equilateral triangular profile can lead to the formation of a crack in the thread root and failure of the fastener under tension or bending conditions, since the thread of the connection is in a complex stress state and is characterized by a high stress concentration, especially in the first turns, the most likely sources of deformation and destruction. The influence of stress concentration is taken into account by the theoretical stress concentration coefficient in relation to the maximum tensile stress in the most loaded zone of the thread to the nominal stress, taking into account the internal and average diameters of the thread. It can be noted that calculations of the theoretical stress concentration factor in the thread of a connection, for example, for the main connector of a nuclear power reactor vessel, are carried out provided that its minimum value is not less than 4.0.

Systematic Assessment in Absence

In numerous reviews and studies of sets of fastener performance characteristics for resistance to deformation and fracture under stationary and variable loading of the connection, there is still no systematic assessment of the influence of thread geometry taking into account the unfavorable load distribution along the turns of the connection. It can also be noted that the practice of thread geometry, which has existed for about 200 years, in particular, the inch and metric threads of Whitworth and Sellers, respectively, has not undergone fundamental changes, despite the development of screw-cutting lathes and other industrial technologies, starting from the late 18th and early 19th centuries. For example, in Germany at the end of the 19th century and in the USA in the second half of the 20th century, the number of national standards was very large: 11 thread systems with 274 varieties and about 8 thousand standards (taking into account special-purpose fasteners, up to 2 million varieties that did not become the subject of system optimization of thread geometry)

According to GOST 24705-2004 (ISO 724: 1993), for a metric profile thread for a nominal diameter, for example, M20 or M48, instead of 3, 4 or 5, as many as 6 options are given for a practically ranked series of large, medium and small thread pitches. For these threads with the so-called normal thread pitch, the ratio of diameter to thread pitch is in the range of 8.0…9.6. Also, according to the standard, the diameters M140 and M180 for the case of a main or large pitch of 8.0 mm ( which is practically not used and at the same time is the first designated nominal pitch) give a ratio of diameter to pitch in the range of 17.5…22.5 , which is approximately 2 times more than for threads of smaller diameter M20 and M48. This indicates that the designation of the geometric parameter of the thread as large or main, as well as small, is not objective enough and is not justified in any way. Because standard large diameter threads with the largest pitch are essentially fine pitch threads and are less defective than smaller diameter threads. But the M20 and M48 threads have a very large pitch geometry and are more defective due to the larger relative height of the thread profile. It is not difficult to see that the lack of consistency and unjustified diversity of thread geometry within the framework of a non-evolving standard contradicts the logic of ensuring the strength and performance, including resistance to brittle fracture, of a threaded connection.

In the past, mainly in the 19th and 20th centuries, fastening threads were designed for stationary and moderate loading conditions and the use of coarse pitches was structurally and technologically acceptable. Currently, fastening threads have become more often used under higher static tensile loads, as well as under conditions of low- and high-cycle fatigue loading, not only in air, but also in various corrosive environments. This initiated the development of fastening materials that combine increased strength with a simultaneous increase in corrosion resistance through alloying and the use of surface strengthening and protective coatings. At the same time, despite this, the likelihood of a metallurgical, power or corrosion defect such as a small crack in the thread due to significant defects in the thread itself and high uneven load distribution along the turns, including the growth of this crack taking into account the height of the thread profile, remains significant. It should be noted that the overload of the first working thread can be up to two times higher than the load of the free thread. A small thread pitch instead of a large one due to the reduction of stress concentration, uneven distribution of load along the threads and their more effective unloading by adjacent threads, allows increasing the resistance of fastening threads to static, cyclic and brittle fracture.

Unified Thread Geometry Options Await Development

For example, the transition from M12x1,75 stud threads with a thread radius of 0.14mm to the M12x1.0 version with 0.12 mm made of 38KhN3MFA steel with a yield strength of 900 N/mm 2 made it possible to increase the resistance of the nut connection to low-cycle fatigue based on 10,000 cycles before failure by 25% based on stresses in the net cross-section of the stud. In terms of the number of cycles, the durability of the fastening joints increased by 2.5 times at a maximum cycle voltage of 700 N/mm2. Photo 1 shows fragments of the fracture of the studs, where it is clear that for a pitch of 1.0 mm, the formation of a viscous and neck-shaped fracture surface took place. This type of fracture is close to the classic static axisymmetric fracture of a smooth cylindrical sample. A small pitch, as it is more technologically advanced, in production conditions allows to reduce the costs of cutting tool wear and waste, as well as increase its durability when rolling threads. The use of small steps should be limited by the resistance to destruction of the threaded connection by “chain” shear under conditions of collapse or cutting of thread turns under static loads. Thus, we can conclude that it is advisable to develop new and unified thread geometry options to improve the performance of the fastening connection. The reliability of more loaded and maneuverable machines and structures will be ensured through system optimization of a set of thread geometry parameters.

Photo 1: An example of the influence of metric thread geometry on the resistance to low-cycle fatigue failure of a M12 stud-nut fastening connection: 1- pitch thread 1,0mm; 2- pitch thread 1,75mm. The material of the studs and nuts is steel 38KhN3MFA with a yield strength of 900N/mm2.

Copyright owned by Fastener World / Article by Vladimir Igorevich Gorynin

Dr. FastenerQuestions about Galvanic Corrosion

This edition’s Dr. Fastener will address the subject of Galvanic Corrosion. Although this has always been a concern for fastener engineers having to connect components made of a different material than the fastener, in recent years this topic has garnered special attention because of the interest in lightweighting. In fact, one of the frequent strategies of designers today is to utilize hybrid material structures where the fastener material is not the same as the clamped components. Thus, designing for the probability of galvanic corrosion may be a much higher priority than in the past. In response, fastener manufacturers, suppliers, and engineers must be familiar with this failure mechanism and strategies to defeat it.

What is galvanic corrosion?

Galvanic Corrosion is an electrochemical corrosion mechanism that results when two materials with different electrical potentials are put into contact with one another in the presence of a conducting electrolyte. When the conditions are right and two contacting materials have an electrical potential difference, an electrical circuit is created which strips electrons from the less noble (anodic) material and conducts them towards the more noble (cathodic ) material. Stated in simpler terms, the more cathodic material will cause the corrosion of the more anodic material.

How does the galvanic corrosion mechanism work?

When two dissimilar materials are in contact with one another and the electrical potentials are noticeably different, the material with the lower potential will become the anode and the one with the higher potential the cathode. In the presence of an electrolyte the charge goes from the cathode to the anode by electron conduction and from the anode to the cathode by ion conduction. As the charge leaves the anode a metal ion is dissociated resulting in the corrosion of the anode material.

Can you give a couple of examples of

this phenomenon?

Absolutely. One of the most common examples of this phenomenon is seen in older homes where plumbing pipes and systems have been added to and changed over the years. Seventy-five years ago, the common material for pipes carrying water was galvanized iron. This changed about thirty or forty years ago when pipe material transitioned to copper. Many homes that have been revised or remodeled in recent years often contain pipe connections between galvanized iron and copper.

Anyone who has such a home is likely to experience reduced water pressure and sediment in the lines. An inspection of these connections would show that the copper pipe seems to be intact but the iron pipe is badly rusted and corroded. Eventually, these connections will completely fail with the iron pipe failing or filling up with so much corrosion by-product that they will no longer allow water to flow. Another common example is the protection mechanism afforded by zinc electroplating on steel. When the zinc plated steel component is exposed to an electrolyte (such as rainwater), the zinc plating acts as the anode and sacrifices itself (erodes) to protect the more cathodic steel underneath. When the zinc is completely corroded away, the base steel will begin to rust.

What conditions must be present to trigger a galvanic cell and start galvanic corrosion?

Three things must be present for galvanic corrosion to occur. First two dissimilar materials must be in contact with one another. Secondly, those two materials must have a significantly different electrical potential so that when in contact with one another they will trigger an electric cell with the more noble material being the cathode and the less noble material the anode. Thirdly, an electrolyte must be present to allow charge conduction from the cathode to the anode.

Explain the galvanic table

The Galvanic Table (See Figure 1 ) lists the electrical potential of different metals. The top of the table represents materials that are less noble, thus will behave as the anode. The bottom of the table represents materials that are more noble and thus will behave as the cathode. Designers can use this chart to understand the effect of dissimilar pairing. The further apart the two dissimilar materials are from one another, the stronger the circuit that is created between the two. For example, a pairing of platinum, a very strong cathodic material with magnesium, a strong anodic material will result in a very strong galvanic circuit. In the presence of an average electrolyte, one might expect that this pairing would result in immediate and heavy corrosion of the magnesium material. The other thing to recognize about this table are the colored bands. Each colored band represents metals that possess similar electrical potentials. Pairing these metals together results in an extremely weak pairing and generally would not be considered a problem. Thus, as an example, pairing magnesium and zinc together would not be expected to be a problem.

Figure 1: Galvanic Table

(+) Corroded End (Anodic)

Magnesium

Magnesium Alloys

Zinc

Aluminum (1100 Series)

Cadmium

Aluminum (2024-T4)

Steel and Iron

Cast Iron

Chromium-iron (active)

Ni-Resist cast iron

Type 304 Stainless (active)

Type 316 Stainless (active)

Lead tin solders

Lead Tin

Nickel (active)

Iconel® nickel-chromium alloy (active)

Hastelloy® Alloy C (active)

Brasses

Copper

Bronzes

Copper-nickel alloys

Monel® nickel-copper alloy

Silver solder

What is an electrolyte?

Any substance that will allow ion conduction. Electrolytes are normally liquids like water but can be substances like dirt or sand.

Explain the difference between a weak and strong electrolyte?

Not all electrolytes are the same. In fact, electrolytes with more minerals and ions in them are stronger than those without. For example, sea water is a strong electrolyte while distilled or deionized water is a very weak one. The strength of the electrolyte is very important to how quickly a galvanic cell reacts. In the presence of a weak electrolyte even a strong dissimilar pairing will react very slowly or not at all, while even an average strength dissimilar pairing in salt water may quickly trigger galvanic corrosion. This is one reason why cars exposed to road salt in the winter corrode much more quickly than those in warm and dry climates.

Explain how size of the joint components makes a difference

Consider a single M8 fastener in contact with a sheet of metal 5m by 5m. Imagine for a moment that the fastener is made of aluminum and the sheet is made of 300 series passivated stainless steel. Consulting the Galvanic Table, it is obvious that the potential difference between these two materials is significant. This means that there will be a strong galvanic circuit created between these two materials. In this case the aluminum fastener is the anode (and is quite small) and the stainless steel sheet is the cathode (and quite large). In the presence of an average strength electrolyte, one might expect very fast corrosion of the aluminum fastener because the contribution of the cathode so greatly outweighs the anode. Now flip this scenario around. The large sheet is aluminum and becomes the anode and the fastener is stainless steel and the cathode. There will still be a galvanic coupling produced here but since the cathode is so small compared to the size of the anode, the corrosion effects are minimal. In this case, likely a small amount of corrosion or pitting will occur on the sheet around the edge surfaces of the fastener. Thus, size difference between the anode and cathode can make a big impact on the degree of corrosion the joint will experience.

Nickel (passive)

Inconel® nickel-chromium alloy (passive)

Chromium-iron (passive)

Type 304 Stainless (passive)

Type 316 Stainless (passive)

Hastelloy® Alloy C (passive)

Silver

Titanium

Graphite

Gold

Platinum

(-) Protected End (Cathodic)

What can be done to protect fasteners or the joint from galvanic corrosion?

The most effective way to protect the joint or fastener from galvanic corrosion is to decouple one of the triggering factors required for galvanic corrosion to occur. This means isolating the dissimilar materials from contacting one another, using materials of similar potential on the galvanic table chart, and eliminating or protecting the joint from contact with an electrolyte. To address these issues, a couple of common actions emerge:

1. Isolate contact of the dissimilar materials. An insulator used to isolate contact of materials with electrical potential differentials is known as a di-electric. On fasteners these might be items like plastic washers placed underneath the bearing surface, plastic sleeves or grommets that isolate not only the bearing surface but the entire joint grip, and isolation material that can be sprayed onto the fastener in areas where it contacts other joint components.

2. Eliminate contact with an electrolyte. Protecting the joint from contact with and sustained presence of an electrolyte should slow down or completely eliminate galvanic corrosion. This can be accomplished through careful design placement, painting or sealing, or protective coverings.

3. Make the fastener the cathode. Since the fastener will usually be smaller than the joint materials it is connecting, taking advantage of the impact of size differential can be a smart move. Therefore choosing a material or surface finish that will make the fastener the cathode is a sound strategy.

Can galvanic corrosion be used to our advantage?

Yes, and it commonly is. Sacrificial galvanic couplings are commonly made to protect underground steel tanks and pipe lines. By coupling steel tanks and pipes with sacrificial zinc or magnesium blocks, they can be preserved for longer periods. Another example of galvanic protection is employed by sub-sea oil operations where their equipment is cathodically charged to protect it from the rigors of immersion in salt water.

Copyright owned by Fastener World

Article by Laurence Claus

1942

KATSUHANA FASTENERS CORP. khn.begin@msa.hinet.net www.katsuhana.com.tw

Screws, Threaded Fasteners, Wire / Wire Forms, Specials.

1742

KELLY INTERNATIONAL CORP. angela.chiang@kelly.com.tw www.kelly.com.tw

1563

LINKWELL INDUSTRY CO., LTD. service@linkwell.com.tw www.linkwell.com.tw

Bolts, Screws, Nuts & Locknuts.

1943

CNC Machining, Threaded Fasteners, Fastener Assortments.

1964

KENLON INDUSTRIAL CO., LTD. ken.lon@msa.hinet.net www.kenlon.com.tw

Bolts, Cold Heading / Forming, Specials, Rivets / Rivet Nuts.

243

KONFU ENTERPRISE james@konfu.com.tw www.kfanf.com

Tool & Die, Thread Rolling, Cold Heading / Forming, Specials.

1867

KOT UNIONTEK CO., LTD. john@kot.tw www.kot.tw

CNC Machining, Cold Heading / Forming, Specials. 1641

L&W FASTENERS COMPANY king-lin@lwfasteners.com.tw www.lwfasteners.com.tw

Bolts, Nuts & Locknuts, Metric Fasteners.

2052

LUNA'S LIGHT INTERNATIONAL SOURCING CORPORATION info@lunasinternational.com www.lunasinternational.com

CNC Machining, Electronic Hardware, Automotive Hardware.

2054

LOCKSURE INC. rfq_service@locksure.com.tw www.locksure.com.tw

Cold Heading / Forming, Specials, Nuts & Locknuts, Washers & Stampings.

1953

MAO CHUAN INDUSTRIAL CO., LTD. maochuan@maochuan.com.tw www.maochuan.com.tw

Washers & Stampings, Nuts & Locknuts, Automotive Hardware.

1966

ORIMETAL INC. darren@ori-metal.com ori-metal.com

Cold Heading / Forming, Specials, Nuts & Locknuts, CNC Machining.

1954

PINGOOD ENTERPRICE CO., LTD. sales@pingood.com.tw www.pingood.com.tw

Electronic Fasteners, Spacers & Standoffs, Rivets / Rivet Nuts.

1856

LABEL ONE FASTENER BARCODE. CO., LTD comson@ms22.hinet.net

Labeling And Packaging Equipment.

1949

IFE TAIWAN EXHIBITORS 2024

LINK UPON ADVANCED MATERIAL CORP. maggie.lee@linkupon.com www.linkupon.com

Fastener Assortments, Screws, Metric Fasteners.

1941

SCREWTECH INDUSTRY CO., LTD. sales@screwtech.com.tw www.screwtech.com.tw

Automotive Hardware, Cold Heading / Forming, Specials, Electronic Fasteners.

1855

SHAW GUANG ENTERPRISE CO., LTD. shawguang@yahoo.com.tw www.shawguang.com.tw

Nuts & Locknuts, Metric Fasteners.

2058

SHIN GUANG YIN ENTERPRISE CO., LTD. shin.gyin@msa.hinet.net www.sgy.com.tw

Specials, Cold Heading Forming, Eye Bolts.

2042

SHIANG GING METAL ENTERPRISE CO., LTD. sgcarbide@sgcarbide.com.tw www.sgmetal.com.tw

Tool & Die, Taps & Dies, Cold Heading / Forming, Specials.

1957

SHYANG SHENG PRECISE INDUSTRY CO., LTD. shyang.her@msa.hinet.net www.splasticinjectionmould.com

Washers & Stampings, Automotive Hardware, Inserts.

1859

SINTEC CO., LTD. sales@sintecmetal.com www.sintecmetal.com

Bolts, Screws, Threaded Fasteners.

1757

PROFESSIONAL FASTENERS DEVELOPMENT COMPANY LIMITED sales.visacom@msa.hinet.net www.visacomfasteners.com.tw

Washers & Stampings, Retaining Rings, Cold Heading / Forming, Specials.

1749

REXLEN CORP. marketing@rexlen.com.tw www.rexlen.com.tw

CNC Machining, Metric Fasteners, Washers & Stampings.

1854

STANDING INDUSTRIAL CO., LTD. stddco@ms13.hinet.net www.stddco.com

Screws, Specials, Thread Rolling.

1842

TAIWAN INDUSTRIAL FASTENERS INSTITUTE tifi.tw@msa.hinet.net www.fasteners.org.tw

Screws

1843

TAIWAN PRECISION FASTENER CO., LTD. sales@taiwan-precision-fastener.com www.taiwan-precision-fastener.com

Screws, Threaded Fasteners.

1841

TAIWAN SHAN YIN INTERNATIONAL CO., LTD. ma_dept@shanyin.com.tw www.shanyin.com.tw

Screws

1547

TONE DAR SEEN ENTERPRISE CO., LTD. tdstds.chiao1029@gmail.com en.tdstds.com.tw

Rivets / Rivet Nuts, Screws.

1963

U-WEEN ENTERPRISE CO., LTD. alex@u-ween.com.tw www.u-ween.com.tw

CNC Machining, Cold Heading / Forming, Specials.

253

VERTIGO FORMING SOLUTIONS vfs.amychang@gmail.com www.vertigoformingsolutions.com

Taps & Dies, Tool & Die, Cold Heading /Forming, Specials. 1654

WATTSON FASTENER GROUP INC. wattsonbell@gmail.com www.wattson.com.tw

Screws

1846

WEI I INDUSTRY CO., LTD. petrina@weii-nut.com.tw www.weii-nut.com.tw

Specials, Nuts & Locknuts, Threaded Inserts.

Only Taiwanese exhibitors exhibiting through Taiwan’s exclusive agent Fastener World are listed. 為了方便統計準確，上述台灣扣件展團名單以有向本展台灣總代理商匯達公司報名為準。

SOON PORT INTERNATIONAL CO., LTD. info@soonport.com www.soonport.com

Screws, Fastener Assortments, Threaded Fasteners.

1557

SPEC PRODUCTS CORP. zephyr.chang@spec.com.tw www.spec.com.tw

Screws, Bolts, Automotive Hardware.

North America's mo around the world will be the to network, d meet with suppliers, learn about s and technologies, and do business.

CHIN LIH HSING PRECISION ENTERPRISE

Increases Production Capacity to Expand U.S. Auto Repair Parts Market

Share

With extraordinary craftsmanship in machining, Chin Lih Hsing works closely with international auto parts companies and sells up to 90% of its automotive fasteners to the U.S. and Europe. The company takes pride in its ability to customize products based on customers' specific requirements. Their factory is equipped with 200 automatic lathes, 30 CNC lathes, 12 slotting machines and many secondary processing machines. This comprehensive setup enables them to achieve a substantial monthly production capacity of up to 80 million pieces, ensuring a stable supply with unwavering focus on quality and competitive pricing. They continue to pursue high quality and improve process control by adding process control systems to enhance production management.

Focus on the Automotive Parts Customer Base at IFE

At this year's IFE, Chin Lih Hsing will mainly display CNC parts and a wide range of threaded inserts in various materials and sizes, mainly for molding of plastic injection, heatstake, ultrasonic embedment and other applications. “The U.S. market has always been the primary market for fasteners, and American customers have always been our main target. IFE is the most well-known fastener professional exhibition in North America and has a large number of participants, so we hope to reach out to a wider customer base and develop the US market with new and existing customers to seek more collaboration opportunities,” said the company. It has more than 35 years of experience in the machined parts industry and nearly 20 years in the field of automotive parts manufacturing, so it especially hopes to expand

Contact: Ms. Mandy Wang

Email: mandy@clh.com.tw

the customer base of automotive parts. Further, it also looks forward to collaborating with various other industries to ultimately increase sales in the U.S. market.

ISO 9001 and IATF 16949 Certified

The company continues to pursue high quality and improve manufacturing processes, adding process control systems to improve production management. They also continue to invest in quality control equipment, including 11 optical sorting machines and a new 2.5D projector, hoping to enhance their capability through continuous improvement and progression to be the best support for customers. They are ISO 9001 and IATF 16949 certified, and can provide professional technical consulting services and assist customers in overcoming parts assembly problems. Chin Lih Hsing values the importance of quality requirement and is the best partner for customers looking to expand business.

GREEN Outlook and Production Capacity Improvement

In addition to conducting carbon inventory as well as carbon footprint assessment and monitoring, the company can also provide CBAM reports required by the EU. It is currently going paperless and has significantly reduced the use of paper. Through the introduction of a process management system, waste in the manufacturing process and carbon emissions are more effectively controlled and reduced.

Providing diversified products to meet customer needs has always been the company's goal. It hopes to improve capabilities and quality level through continuous progress to become the best support for customers.

J. T. FASTENERS SUPPLY

Breaking Through Difficulties and Creating a Bigger Rivet Nut Market

J. T.'s team has nearly 30 years of experience, and is a manufacturer, supplier and exporter of hardware parts and fasteners whose customizability is globally and highly recognized. They focus on long-term collaborative relationships with customers, provide customers with immediate responses and handling, and uphold the attitude and spirit of jointly solving problems with customers and giving full responsibility. The professional team can deliver high-quality products and excellent services on time. Through sincerity and hard work, they have achieved stable growth in the international market.

Highlight at IFE: Multi-material Split Rivet Nut

J. T. will mainly display rivet nuts, stamped parts and customized products at IFE. Customers can witness their high quality and customized services. In recent years, their manufacturing technique has achieved new breakthroughs and they have developed split rivet nuts of different materials. In the past, Taiwanese manufacturers could only manufacture iron split rivet nuts. After continuous development, J. T. has successfully made white iron, aluminum, and copper split rivet nuts into reality.

Target: Rivet Nut Buyers

Rivet nuts are J. T.'s main product. They hope to find buyers at IFE who use rivet nuts and can collaborate with them for a long time. “In the past, the pandemic forbade us from meeting face-to-face with customers. When we participated in the show last year, we found our relationship with customers becoming closer, which prompted us to decide to participate again this year. Although the U.S. economy is currently relatively sluggish, the market range is still larger than expected. It’s so big that we are willing to try this show again,” said J. T. Through participating in the show, they will not only spread their expertise and knowledge in rivet nuts to visitors, but also hope to let American customers see that J. T. can provide standard products as well as products that meet high-quality requirements.

Applying for IATF 16949 and Recognized by D&B

The team is applying for the IATF 16949 certificate and is expected to receive more orders for automotive fasteners. In addition, they were awarded the "10th Dun & Bradstreet Award for Taiwan's Elite SMEs: Top 1,000 Elite Enterprises" last year. "Dun & Bradstreet certification is a credit certification service. If overseas buyers know that we have passed D-U-N-S certification, this can increase their trust in us, so it is of special significance to us," said the company.

New R&D Focus on EVs and Green Energy

In recent years, the world has attached great importance to environmental protection and air pollution issues. J. T. has reduced carbon emissions in energy through the optimization of electricity consumption and the use of environmentally friendly items. In addition, more and more car manufacturers are designing different styles of electric vehicles. The company hopes to develop products related to electric vehicles and green energy with more customers in the future. In March next year, they will exhibit in Stuttgart to expand their European market share in addition to expanding sales in the U.S.

Contact: Mr. Jimmy Tsai

Email: jimmy@jtfasteners.com.tw

Contact: Ms. Peggy Chang Email: peggy@jtfasteners.com.tw

Booth No. 452

SACMA MACHINERY CORPORATION will attend the 2024 International Fastener Expo, at Mandalay Bay, Las Vegas, being held September 9 to 11, 2024, Booth #452.

During the show, Sacma will introduce the Double Blow Header with threading unit model KSP12 ALL-IN-ONE to run fasteners from M3 to M8 with max. shaft length 60mm. The KSP12 combines typical SACMA solutions, proven by thousands of machines, with the most advanced mechatronic technology available in the market. The one-piece main frame, cast perlitic iron, normalized, natural aged for at least 12 months, high precision machined, is a guarantee of rigidity and stability for all the machine life. Major setup adjustments are now motorized for a quick and friendly changeover: S-feed wire feeder driven by torque motor, motorized wire stock gauge and DKO, threading starter driven by torque motor with self-learning function borrowed from Ingramatic rollers. The high productivity ALL-IN-ONE allows to quick return and the legendary long life guarantees future profits.

Sacma will also emphasize the new series of SP270 now available in two versions, standard with mm.60 dko and EL with mm.90 dko. The SP270 equipped with mm.11,5 diameter cutoff capacity and features the most advanced controls and systems for forming net and near net shapes with consistent and repeatable tolerances up to 275ppm. Some of the unique features include: One piece cast bed frames and heading slides with forged crankshafts for maximum rigidity and stability for the tooling and machine components gives precise part forming and reduced maintenance cost. The Sacma Desmodrive transfer design with its n.7 fingers is the most reliable, accurate and lowest maintenance cost transfer available. The transfer provides the most flexibility of any design, allowing our customers the ability to form a wide range of part shapes and the ability to actually form nut and bolt shapes on the same machine.

In addition, Sacma Group will introduce Ingramatic which is the designer and manufacturer of innovative thread rolling machines. From TR00/W000 to TR9/W70, the “I-Thread” machine line provides innovative features like the motorization of the die match adjustment, the single/double starter unit driven by torque motor/servomotor, the full-motorized adjustments from touch screen panel and the QTC washer assembly unit and pointing machines. As per Sacma, additional packages may be added to the configuration of the machines to extend the possibility of the threaders as the headless parts feeder, the loading systems and the Warm Forming unit.

The team will also describe the program of machineries from the branch HS Automazioni srl supplying a wide range of automatic machines to run preformed parts obtained by cold and warm forming. The company designs and manufactures a range of machines branded HS ASPE, which consist of tapping machines, combined machines, transfer machines and multi spindle turning machines. HS ASPE is following the industrial strategy of the Sacma Group with outstanding assembly lines divided by product family and following a modular system concept with serial production to make the machines extremely precise and durable.

SACMA MACHINERY CORPORATION personnel will be pleased to welcome visitors at the Mandalay Bay exhibition center, Booth #452, to show and explain all the technologies.

1D2B COMBINED HEADER - KSP12

TAPPING MACHINE - T20

JC GRAND Superb Fastener Manufacturing & Service Meet Global Industry Demands

JC Grand is a leading manufacturer and exporter of industrial fasteners and metal hardware components. Since 1978, JC Grand has been serving customers globally with an extensive line of high quality screws, nuts, bolts, washers, anchors, and customized hardware products from its wholly-owned factories in Taiwan and China. All of its locations are ISO 9001 certified, and solely focused on delivering products and services of exceptionally consistent quality to its clients worldwide.

Certified Facilities and Full-Range Capabilities

The company consists of a main office in Taipei, three ISO-9001 and IATF-16949 certified production facilities in Kaohsiung, Taiwan, and an 800,000 square feet vertically-integrated factory in Zhejiang, China, all connected and managed by the same SAP ERP system. In addition, JC Grand owns and operates an A2LA certified (ISO-17025) mechanical testing laboratory in Kaohsiung. Technical staff and internal production cover fastener design, cold heading, self-drilling point forming, continuous line heat treatment (neutral, carburizing and carbo-nitriding), optical and roller sorting, washer assembly, custom packaging and logistics.

New Surface Coating Factory Open in Kaohsiung

As of 2022, JC Grand has opened and is currently operating a new, surface coating factory in Kaohsiung focused on the prevention of fastener corrosion in severe outdoor environments. This facility has two principal workflows and equipment: the base coating cold welds, diffuses and seals proprietary multi-metal powders onto the fastener substrate, and the other applies thermoset organic topcoats and friction modifiers on top of the base coat via automated dip-spin lines.

It dispatches more than 300 containers (4,500+ tons) of fasteners every month to over forty countries and employs more than 300 sales and factory personnel. It is equipped to produce both standard and customized fasteners that meet all industrial requirements.

Catering to the following select industries

• Professional Construction

• Retail Packaged DIY Fasteners

• Home & Commercial Appliances

• HVAC (Heating, Ventilation, Air-Conditioning)

• Electrical Fixtures & Lighting

• Machinery & Motors

• Automotive

Global Service Tailored to Various Industrial Demands

Whether you are an industrial manufacturer, OEM or wholesale distributor, professional contractor supplier, or retail-focused operation, “We understand your needs and have the experience and capability to consistently meet them. Our goal is to establish and maintain a long-term, mutually beneficial relationship with our customers, and to provide a level of service that exceeds expectations,” said JC Grand.

Copyright owned by Fastener World / Article by Dean Tseng

Fastener Fair Mexico—

TAIWAN EXHIBITORS

Entrance & Exit

The Most Important Event in the Fastening and Screw Industry in Latin America

Fastener Fair Mexico is Mexico's main exhibition dedicated to the entire supply chain: distributors, hardware stores, mechanical and industrial design engineers, buyers and manufacturers from different sectors looking for industrial fastening products and solutions.

It attracts 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 include screws, nuts, bolts, rivets, washers, anchors, fastening tools, molds & dies, machinery, and other peripherals & accessories.

It not only draws the attention of professional fastener industry players to visit and seek further collaboration, but also sees 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 will be in attendance looking for sourcing and collaboration opportunities.

It is the best option to generate high-quality leads and connect with buyers in the short term, obtain brand presence with segmented profiles and reconnect with current clients, strengthening business relationships.

604

CHI NING COMPANY LTD. www.nutformer.com.tw

610

HSIN JUI HARDWARE ENTERPRISE CO., LTD. www.hsinjui.com.tw

608

HURMG YIEH MACHINERY INDUSTRIAL CO., LTD.

www.hung-li.com.tw

522

KAY-TAI FASTENERS INDUSTRIAL CO., LTD. www.fastener-world.com/en/supplier/kay-tai

519

KONFU ENTERPRISE CO., LTD. www.konfu.com.tw

CORP. www.spec.com.tw

PRESHOW FEATURE OF FASTENER FAIR INDIA

July

26-28, 2024

Pragati Maidan, New Delhi

Discover the Future of Fastener and Fixing Technology at Fastener Fair India 2024

Fastener Fair India 2024, the premier international exhibition dedicated to fastener and fixing technology, is set to take place from July 26th to 28th, 2024, at Pragati Maidan, New Delhi.

This highly anticipated event offers a unique opportunity for industry professionals to connect, collaborate, and stay abreast of the latest developments in the fastener and fixing industry. With over 10,000+ industry peers and 200+ leading exhibitors expected to attend, Fastener Fair India promises to be an unparalleled networking platform.

Attendees can look forward to gaining profound insights into current global trends, meeting decisionmakers who are shaping the growth of the fastener fair industry in India and participating in thought-provoking networking sessions. Additionally, the exhibition will showcase the latest technological innovations in the fastener and fixing industry, providing attendees with the opportunity to exchange groundbreaking ideas and technologies in a conducive environment.

"We are thrilled to bring this year Fastener Fair India back to New Delhi," said Vicky Kumar, Project Director at RX India. "This event serves as a catalyst for driving innovation and collaboration within the fastener and fixing industry, and we look forward to welcoming industry professionals from around the world."

Don't miss out on the chance to keep abreast of the latest technological innovations in the fastener and fixing industry, and exchange groundbreaking ideas and technologies at Fastener Fair India 2024!

For more information, please visit: www.fastenerfairindia.com

https://yihtieng.com

YIH TIENG Machinery was established on May. 1st 1989 in Taiwan. We start from maintenance so that we can understand customer needs and how to fix the machine for best using experience. Because the Heading Part is the first step for producing fasteners, we also keep that in our mind for making every machine for our customers. In these 35 years we keep improving our quality with our customers and are proud of letting them make the best profit by our machines.

Where the Screw Is, Where YIH TIENG Is. Made in TAIWAN ONLY.

PRESHOW FEATURE OF FASTENER FAIR VIETNAM

VME 2024 is coming back with the new theme: SUSTAINOVATION - THE PATH TO MANUFACTURING EFFICIENCY

VME 2024 - THE LEADING EXHIBITION EVENT ON MANUFACTURING TECHNOLOGY SOLUTIONS, ADVANCED MACHINERY, AND SUPPORTING INDUSTRY IN VIETNAM

VME 2024 - a magnificent exhibition event, gathering over 200 machinery and equipment brands from more than 20 countries worldwide. With the participation of over 10,000 industrial professionals in manufacturing and supporting industries sectors, this will be an ideal place for manufacturers, suppliers, and customers to connect, exchange, and seek new solutions and development opportunities for their business community.

In the context of globalization, the opening of international markets has created a competitive and constantly changing business environment, posing new challenges for businesses in all areas of manufacturing, including:

• Intense competition from competitors both domestically and internationally, requiring businesses to continuously improve and innovate to avoid falling behind and losing market share.

• Production and labor costs increased, affecting the profits of businesses.

• Pressure to minimize environmental impact and use resources sustainably for long-term business development.

• Scarcity of skilled and highly specialized labor force.

• Seeking and retaining customers, developing effective marketing and sales strategies.

• Organizational capacity for production management and technical technology is still limited.

• The gap between the requirements of multinational corporations and the capacity of domestic manufacturing businesses to meet them is significant and has not been optimized.

These reasons may significantly affect businesses. Therefore, participating in VME 2024, businesses will find many new solutions to overcome these challenges, such as:

• Explore hundreds of leading brands from around the world, showcasing top products, machinery, and technologies in the industry.

• Connect with thousands of experts, manufacturers, and potential partners, creating new cooperation opportunities and expanding your business network.

• Participate in seminars and in-depth training programs to update knowledge and skills from top experts.

• Learn about automation solutions, cost-effective cost management, and the latest marketing strategies to increase productivity and profitability for your business.

• Promote your brand and increase sales by introducing your products and services to thousands of potential customers.

VME 2024 is not only a regular exhibition but also a platform for connection and communication, helping manufacturers, investors, and supporting industry businesses at home and abroad find solutions to the challenges in business operations, especially in the face of market fluctuations.

This year, VME also co-located with the Vietnam’s Leading Exhibition on Material Handling Technology & Solutions for Downstream Process Optimization (ViMAT) and the Vietnam’s leading Exhibition on the Fastener and Fixing Industry (Fastener Fair Pavilion Vietnam).

For detailed information, please visit: www.vme-expo.com

TAIWAN EXHIBITORS

F25

A-STAINLESS INTERNATIONAL CO., LTD.

www.a-stainless.com.tw

G28

CHING CHAN OPTICAL TECHNOLOGY CO., LTD. www.ccm3s.com

F28

TAIWAN KODAI CO., LTD. www.kodai.com.tw

F27

UNI-PROTECH INDUSTRIAL CO., LTD. www.uni-protech.com.tw

International Fastener Show China 2024

Strong Export Potential for Exhibitors

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

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

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

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

GWO LIAN

TONG MING

JIENG BEEING

JIANCAI

SHANGHAI CHUNZU

ALFIRSTE

NEWBEST WIRE

SANYUNG

PIN SEN

TSLG

JERN YAO

DAGAN

SACMA

HYODONG

YESWIN QUANYING

A Manufacturing Event That Brings Together Six Major Industries Into One

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

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

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

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

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

GOODWAY

Higher Inquiries on Auto Parts and Accessories

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

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

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

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

More Inquiries on Industrial Fasteners

Fastener Fair USA, one of the most important trade shows in North America dedicated to the fastener industry and its peripheral manufacturing industries, took place at Huntington Convention Center of Cleveland on May 22-23 this year, following the success of the last edition in Nashville, which attracted many exhibitors and buyers, providing an excellent business matching and exchange platform for supply chains and in-demand buyers from the U.S. and other countries.

Visitors this year mainly came from advanced manufacturing, agriculture & off-highway, aerospace, industrial machinery, maintenance, appliances, marine, automotive, military, construction, renewable energy, distribution, electronic & telecom...and other industries. A total of 234 exhibitors registered for the show, with the majority of exhibitors from the U.S. Taiwan and China were the only two major overseas exhibitors groups, totaling 35 and 36 exhibitors respectively.

United Expo International is the sole agent of this exhibition in Taiwan. Taiwanese exhibitors in this exhibition represented by United Expo included Yow Chern, Your Choice, Younturn, Wan Iuan, U-Ween, Super Nut, Soon Port, Shen Chou, Shaw Guang, Nova. Fastener, Mols, Mao Chuan, Mac Precision, Long G, L & W, King Point, Ji Li Deng, IE PERNG, Hsin Jui, Homeyu, H-Locker, Fontec, Feng Yi, Evereon, Eray, Chite, Chia Long, Canatex, Bi-Mirth and ABS.

Fastener World was also present at the show this year to distribute our magazines to strengthen the promotion and publicity of products and services for customers who intend to enter the North American market. According to Fastener World's on-site staff, this year's visitor flow was obviously more than that of the 2023 show, and the crowd was very enthusiastic on the 2-day exhibition. We encountered a lot of new customers who traveled from afar to inquire about products and the latest magazines, and there were also many buyers who came to Fastener World booth to ask for information about suppliers of industrial fasteners, clamps, and other related products.

During the event, the organizer also invited industry experts from organizations such as Fastener Training Institute (FTI) to hold seminars to discuss the industry's most concerned issues (e.g. fastener manufacturing, lightweight fastening trends & design, etc.). A tour to Brighton-Best Inc. in the U.S. was also arranged.

The organizer has announced after the show that the next edition of Fastener Fair USA will be held on May 28-29, 2025 in Nashville.

L & W YOW

WAN IUAN

SHAW GUANG

HSIN JUI

MAO CHUAN

PORT

FENG YI

JI LI DENG

SHEN CHOU

JINZHAOBO

Copyright owned by Fastener World /

Article by Gang Hao Chang, Vice Editor-in-Chief

The Fastest Way to Expand into the Japanese Market

Article by Gang Hao Chang, Vice Editor-in-Chief

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

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

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

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

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

Copyright owned by Fastener World /