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Cover Story
Born with the DNA of Industryleading Quality Chinmore 竣茂工業 The Manufacturer of Precision Industry Co., Ltd. Electronics Hardware 領先同業的品質DNA 精密電子五金零件產製
by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
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hinmore Industry Co., Ltd., specialized in automatic lathe manufacturing and design & processing of various precision electronics parts/plug parts/hardware parts/dies, has been offering excellent product quality and customized & highly efficient service to every customer for more than 2 decades. It has been also playing an indispensable supplier to the advanced application markets in Europe, USA, and Japan. The capacity to quickly accept domestic/overseas OEM and ODM orders, the team with a wide knowledge of professional engineering, state-of-the-art manufacturing and inspection equipment, fully quality management systems compliant SOP, and complete after sales service are all what made Chinmore successfully consolidate a firm presence on the global stage since its inception in 1997 as well as key factors for it to be chosen by customers (particularly in the telecom. market) to be the primary and reliable supplier.
Vertically Integrated Manufacturing Procedures / High Quality Control Starts from Material Selection With the use of only conflict-free materials and the same requirements on its associate factories, Chinmore strictly complies with international quality management systems from material selection to inspection before shipment. Moreover, in order to achieve continuous quality improvement and optimize capacity efficiency, it has also introduced more than one automatic lathes with better precision from Japan as well as the most advanced processing machines, such as automatic/semi-automatic CNC lathes, automatic lathes, and plastic injection machines, to ensure the high precision level of every product shipped out from Chinmore. To adapt to customers’ demands from distinguished industry sectors, Chinmore also has a team of professional and well-experienced engineers to assist them in examining the feasibility of their product design and give advice prior to production that best suits customers’ expectations. Through strict and flexible manufacturing procedures and service, Chinmore has not only tapped into major advanced application markets in Europe, USA, and Japan with its products, but also has had the ability to create higher added value for its customers’ products. “The demands of customers we serve around the world usually differ a lot, however, with our continuously upgrading capacity, R&D of dies, and industry-leading advanced manufacturing equipment in place, customers can absolutely rest assured to place orders to the most professional service team of Chinmore,” says President Tien-Din Wang.
Supply in Separate Batches to Reduce Inventory Cost for Customers / Being Certified to 4 Different Certifications As a majority of customers of Chinmore are from the telecom industry, in which products are being replaced with new ones really fast, and its customers are always in urgent need of integrated product supply and require quick adaptability, Chinmore’s ability to supply in separate batches to reduce customers’ inventory and process orders for various products in small quantities exactly matches with customers’ demands. Holding fast to the mission statement of “achieving the best quality in the world,”Chinmore never ceases its progress in new product release and has been certified to CE, RoHS, ISO 9001:2015, and ISO 14001:2015. With capabilities for design, production, and export, Chinmore will still be cautious and conscientious in 2021 to provide global customers with the most reliable, durable and highest-quality products. Chinmore contact: Ms. Mandy Wang Email: mandy@chinmore.com.tw
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We have more than 30 years of experience in parts manufacturing, conforming to ISO 9001-2015 international quality certification in 2017, and specializing in OEM/ODM services to produce precision metal parts and various hardware parts using CNC sliding head and fixed head automatic lathes.
We adopt Japan STAR and CITIZEN sliding head and fixed head automatic lathes and CAM style lathing. Our OEM services mainly include producing scooter and bicycle parts / automotive parts / building hardware / air tools / bathware parts / active components / spare parts / communication parts / accessories / flush head self-clinching studs / wheel nuts.
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Company Focus >>
by Dean Tseng, Fastener World
Taiwan-made Electric/Pneumatic Hand Tools with an 80% Customer Return Rate
Novumtec Eurasian Associated Co. Taiwan Quality, Global Supply Located in West District of Taichung City (Central Taiwan) for over 40 years. Novumtec produces 100% of its products in Taiwan and supplies hand tools such as screwdrivers, magnetic nut setters and so on. Perfect supervision at every stage of the manufacturing process and finished products. No matter what country the order comes from, whether it is from a trader, agent or OEM, the company can do its best to cooperate and go all out to satisfy customers for any diffcult or special needs. It is globally known for service quality and exports assorted products through agents and direct sales to Australia, Canada, UK, France, the U.S., Germany, Switzerland, Turkey, as well as Southeast Asian countries like Singapore, Malaysia, India, etc.
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Independent R&D, Tailormade Products
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Nov u mtec’s products have extended to various industry fields. In addition to electric tool accessories, the company is good at customized products. According to different customer needs, we are confident that we can cooperate with customers in the shortest time, provide customized samples, and provide competitive prices. We have developed adjustable drill bits for woodworking, as well as angle drivers, and will continue our plan to develop new products in the future.”
DIN/ISO Standard and Product Stability The company is equipped with multiple gages and inspection equipment such as Rockwell hardness testers, torque testers and projectors to ensure that every product meets the standard. The products by Novumtec go through a series of inspection before shipment and have higher quality and stability compared with common products on the market. Whether used in furniture, home appliances, decoration, automobile assembly or other industrial purposes, the products can improve work efficiency. Its stable quality and competitive prices make its products deeply appreciated and trusted by customers, and the repurchase rate of general customers is as high as 80% after use.
Global Vision, Business Expansion Looking ahead, the strategy for Novumtec is eyeing the global market. An enterprise must have a global vision. Limiting to a single region is not enough for survival in this environment and rivaling with other companies. Novumtec will grasp any chances to access business. At present, its goal is still to maintain product quality and stability, which is unchangeable. Novumtec has been treating clients with stable quality and integrity, and hopes that every cooperation can make customers and the company a win-win and satisfactory transaction.
歐邦貿易有限公司 八成顧客回購的台灣電動氣動手工具
Contact: Rax Huang Email: box@gfb.com.tw
Company Focus >>
by Dean Tseng, Fastener World
Shen Shan International Glide Mfg. Corp.
Crisis into Opportunity; Plastic Injection Molding Product Sales up 30% 森山企業化危機為轉機 塑膠射出成型產品銷售漲三成
Shen Shan started manufacturing furniture accessories in the 80’s and has expanded into medical, sports, machine and hardware industries. Its main products are plastic injection molding products. The hot sellers include various sizes of tube inserts in round, square and other shapes, diverse shapes and sizes of knobs, as well as glides commonly used on furniture. Demand for handles has surged for the past year. The company offers adjustable clamping handles and handles for aluminum tubes available in different lengths. The 215S U-shaped handle in particular is designed by the owner himself and filed for a patent. The company is confident it will be able to increase capacity and overseas order intake by 20% to 30%.
Pandemic Drives Medical & Sports Components Demand The new norm arising from the pandemic boosts medical demand that further pushes the sales of knobs and casters by Shen Shan. The pandemic also gives rise to consumers’ habit of indoor exercises, therefore increasing the demand for sports utility components. This, in Shen Shan’s perspective, is enough to influence component manufacturing, and in the long run will change the whole sport-related industries.
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ISO 9001 Certified Quality; Dedicated Department for Customized Dies
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The company acquired the quality certificate in 2018 for domestic and overseas clients who highly regard quality and international certification. It passes on the principles of standardized operation to its employees. Additionally, since dies play a critical role in injection molding, a dies department was established to ensure product stability, high quality and prompt delivery. With sophisticated dies processing equipment, senior dies engineers and technicians, the company can customize ideal dies for clients. The dies department is the key to providing high quality and diverse customized products that reduce R&D costs and time for clients.
Confronting the Global Challenge for Mankind; “Chance Favors the Prepared Mind” “COVID-19 resulted in reduced flights and a shortage of available containers. Our president presses on with his ‘proactive measures’ to make sure each accessory and work section is in place in time. We can also provide assistance for clients looking to shorten lead time and reserve ships early.” Some components originally to be exported by China were halted because of the pandemic and lockdown. Many clients were in urgent need of new suppliers and found Shen Shan having diverse products and stable production. With a bi-lingual (Chinese/English) website and a complete online product listing, a crisis turned into an opportunity for Shen Shan to increase customer sources seamlessly. The company is a regular exhibitor to Taiwan International Tools Show where it gets to know more partners and get a grasp on the latest industry trend. “We guarantee to continue developing more advanced products to satisfy client and market demands. For Contact: Ms. Vera Du long, transcendence has not been easy. Even if we are taking small steps, E-mail: vera.du@shen-shan.com we will stick to innovation and continue growing.”
Company Focus >>
Ing-Hwei Implements Mfg. Corp.
Extra Long Double Flexible Wrench ~German DIN Compliant Specialty Tools~ 英輝興業加長型雙套筒扳手 德國DIN級專業工具品質
Contact: Mr. An-Szu Chen (Andy) E-mail: inghwei@inghweitools.com.tw
Double Flexible Wrench & Punch Specialty Exclusive to Ing-Hwei Founded in 1974, Ing-Hwei was once a manufacturer of DIY hand tools. However, the drastic market change 20 years ago forced Ing-Hwei to determine to devote itself to manufacturing specialty tools and continue to focus on the R&D of double-socket wrenches and punches. With the investment of efforts and capital, Ing-Hwei is now able to offer a complete range of products and continue the improvements in tools which all users could feel satisfied with.
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Using Chrome-Vanadium Steel for Quality Apart from Market Rivals
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Having its products compliant with German DIN standards and continuously improving the quality of its specialty tools, Ing-Hwei has nowadays been widely recognized by the aftermarket in Europe and exports products throughout the world. Its products are made of chrome-vanadium steel featuring high strength, tenacity and anti-wearing. Its manufacturing procedures are strictly monitored and controlled and requirements are followed at every step. “Our hand tools are manufactured according to the standards of every manufacturing procedure. As we insist on offering high quality products, we can thus stand out on the market!” According to Ing-Hwei, being professional and offering high quality are two principles Ing-Hwei has been always adhering to and this is why IngHwei can still be unbeatable on the ever-changing market.
Rolling out 30% Longer Double Flexible Wrench to Meet Market Demand Other than making its product line more complete, Ing-Hwei is also a very good listener to the demand of end-users and will do its best to develop products with more surprising design that best fit users’ demand. As a result, Ing-Hwei has recently released a new extra long double flexible wrench (30% longer than general wrenches), which is good news to applications in deep and confined areas. In addition, it has also developed a new handle which can be assembled with various heads of hand tools, making operation easier and reducing the need to bring large-size tools in applications. Ing-Hwei’s double flexible wrenches are available in various sizes and the sockets at both ends are adjustable, making operation easier. According to Ing-Hwei, “The current market is still price-oriented, but we will strive toward the development and design that are of higher added value and more ergonomic.”
by Dean Tseng, Fastener World
Company Focus >>
WEI IN
Receives Taiwan Patent for
“Clinch Nut Oblique Pattern Forming Die”
by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
瑋瑩「鉚合螺帽斜紋成型模具結構」 取得台灣專利
Taiwanese clinch nut manufacturing expert Wei In Enterprise Co., Ltd announced that it has made a breakthrough in nut processing technology. It has successfully developed a new tungsten die for forming oblique patterns on nuts and has received a Taiwan patent with a 10-year validity. This new die can be used to help domestic and overseas customers with the demand for forming oblique patterns on nuts produce nuts of higher quality and better performance.
Direct In-die Forming Without Secondary Processing Wei In President Ming Che Kuo said, “In the past, if our customers would like to process oblique patterns on their nuts, they all needed to use traditional secondary CNC machining, which also means the extra addition of procedures and manufacturing cost. Moreover, the resultant quality was oftentimes not as good as they originally expected. As a result, in order to completely solve the problems our customers used to encounter in processing and simultaneously improve the quality and reinforce the performance of nuts, our R&D team kept working closely with our associate factories and technical partners to revise drafts and design and finally presented the patented die to the market after more than one year of dedication.” With the help of this new type of oblique pattern forming die, companies won’t have to adopt the costly secondary processing and heat treatment in their manufacturing procedures and can have products cold forged directly in dies, thus greatly saving material costs, creating excellent dimensional precision, achieving more efficient production, reaching better mechanical performance, and reducing possible pollution to the environment due to secondary processing. President Kuo added, “Take our previous batch of orders for 50,000 pcs of nuts for example, we only spent around a week to finish all forming processes with the new forming die. If we want to adopt the secondary processing (excl. other processes like tapping), we will have to spend at least 10 days to finish all processes. As a result, our processing time can be greatly saved, which can indirectly reduce lead times for our customers’ orders as well.”
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Exclusive Technology from Taiwan
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Wei In: We Want to Do What Other People Have Not Considered to Do Yet!
Wei In President Ming Che Kuo
Having been certified to ISO 9001:2015, Wei In continues to help customers produce their products, which are mainly sold to automotive, motorbikes, bicycles, furniture, and general appliances industries and most of which are customized. Since its inception in 1990, Wei In has gained lots of customers from Europe, USA, and Southeast Asia. The number of its nut manufacturing equipment has also increased from 2-3 sets to 22 sets. In addition to direct export, Wei In also works with traders for export and domestic sales.
Wei In sales representative Ms. Penny Kuo said, “Being the only Taiwanese company providing in-die oblique pattern forming service, what we provide to our customers is our excellent technology, and our customers can also rely on our technology to create higher added value for their products. Take those nuts processed with our newly patented die for example, the most significant advantages of them are high bearing capacity and anti-loosening performance. We can help our customers choose the most suitable proof load, torque, and tensile strength as per their demand to ensure the safety of their products.” Facing the future market changes, President Kuo particularly noted, “If the demands of customers continue to exist, Wei In’s dedication to the R&D of products will never stop. In the future, we’ll also make every effort to reinforce the development of customers in the global market and make more customers get the opportunity to experience our leading technology and service.” Wei In contact: Ms. Penny Kuo (sales rep.) Email: wei_in419@yahoo.com.tw / weiintw@gmail.com
Patent Holder >>
Million-Selling Screw Pliers
ENGINEER INC.- 螺絲滑牙的剋星
ENGINEER Makes you a Hero Against Rusty & Stripped Screws > Award-winning Innovator from Osaka (Japan)
> Creative Marketing that Sticks out
If you are a hardcore tool user, hear this out. ENGINEER INC. is the iF Design award and multi-patent holder known for Nejisaurus screw removal pliers that have sold 5 million units over the past decade. With vertical-line teeth to create the best gripping angle on screw heads and arch-line teeth to maximize the grip and the friction, there is literally no screws, rusty or stripped, that the jaws of the pliers can’t bite. It is the all-in-one package against rusty and stripped screws, and works very well and is much simpler and quicker than using a fluted screw extractor bit.
No clue about the naming of Nejisaurus? It is a combination of screw (Neji) plus tyrannosaurus, and you guessed it - the pliers grip a screw head with its robust jaws like a T-rex. This very idea then gives birth to ENGINEER’s own adorable mascot called Nejisaurus that has a liking for devouring rusty and stripped screws. The company is the onein-the-million tool maker in Japan with a unique mascot. Its marketing creativity doesn’t just stop there. ENGINEER rolls out comics and anime for Nejisaurus to spread their design concept to the younger generation, and the president of the company appears on Youtube broadcast, Facebook and other social media platforms to present products.
If you think that is all from ENGINEER, you’d be wrong. Customer feedback is pivotal in the company’s product design and it led to the invention of new specialty pliers: one for tackling flat head and countersunk head screws, and one for hexagonal socket head screws. There is also a rust removal spray that kicks away rust on small parts in as fast as ten seconds.
> The ENGINEER Way: MPDP Theory To ENGINEER, innovation comes from discovering and solving customers’ issues, but that is not all it takes to become a successful innovator. The company has its unique MPDP management being Marketing, Patent, Design, Promotion. They look for potential needs via marketing, and once they have a lead on customers’ desires, they begin to apply for patents, design new products and then start promotion. This is their golden ticket to rolling out million sellers like Nejisaurus pliers. Contact: Mr. Kataoka ( Overseas Department)
“Our products consist of 3 elements: coolness, innovation and playful mind. Osaka is a city of fun and being playful is an integral part of our creativity,” says the president. “We have made it through a decade of trials and errors in product development and now is our time to make you a hero against rusty and stripped screws!” Email: kataoka@engineer.jp
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by Dean Tseng, Fastener World
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Company Focus >> 成盈貿易 專業壁虎「製造+貿易」整合式服務
Tseng Win
The Integrated Service Provider of Specialty Anchor Manufacturing and Trading by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
Since the establishment in 1993, Tseng Win Trading Co., Ltd. (“Tseng Win”) has been dedicated to the supply of various anchors. With nearly 3 decades of business development, Tseng Win has become a company being able to provide both manufacturing and trading service of specialty anchors to its overseas clients. Being an industry and trade integration business type along with a professional team providing a wide knowledge of anchor technology, Tseng Win could well control the quality from R&D to the full production via only one single approach. In addition, the advantage of its one-stop service also allows global clients an efficient access to its highquality products and service. Tseng Win currently has two operations in both Taiwan and Vietnam. While the Taiwan-based Tseng Win takes responsibility for order intake and preliminary product procedures, the operation in Vietnam, Oriental Multiple Co., Ltd., is in charge of the secondary manufacturing process as well as packaging and final delivery.
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Accepting Both OEM and ODM Orders
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Tseng Win produces and supplies a wide range of anchors, including Drop-in Anchor, Cut Anchor, Wedge Anchor, Sleeve Anchor, Hammer Drive Anchor, Chemical Stud, Express Nail, Lag Screw Shield Anchor, Hit Anchor, Toggle Wing/Bolt Anchor. The products are made from steel, stainless steel, and zinc alloy, with specifications of M6-M20, 1/4-3/4 and W1/4-W3/4. Tseng Win is capable of accepting either standard anchor orders or customized orders. Their capacity reaches up to 30 million pieces per month. The mature ma nufacturing a nd developing tech nique and years of experience not only give Tseng Win strengths for OEM production, but also enable them to create products that better comply with market demands. Their most recently developed “Drop-in Anchor Mini Type (M8x10x25, M10x12x25, M12x15x25)” is an example.
Tseng Win contact: Ms. Jessi Tseng
The First Taiwanese Drop-in Anchor Manufacturer to be ETA Approved Some Taiwanese companies have received their ETA approval in recent years, which means their technical capabilities have been in compliance with EU’s Construction Product Regulation. The approval generally takes a long period of time to apply and receive. However, to Tseng Win, getting the ETA approval has been recorded into the company’s history for almost 10 years. “In collaboration with our client, we successfully obtained the certification of ETA in 2009. We are also the first Taiwanese drop-in anchor manufacturer to be ETAapproved,” says Vance Tseng, General Manager of Tseng Win. Tseng added, “Tseng Win has a complete quality management system with full traceability. From material selection to final delivery, we keep strict quality control over each step of manufacturing procedure. Inspection is launched every year as well to ensure the compliance of all of our products with QC policies. Through all these stepwise quality control procedures, we can achieve high-quality production and management.”
High Competitiveness on the Market / 90% of Products for Export to Europe/ USA/Japan In all the exported products of Tseng Win, up to 90% of their products are shipped to Japan (35%), Europe (30%) and USA (25%). This significantly indicates that the quality of Tseng Win’s anchors have been widely recognized and appreciated by various users in advanced countries. In addition, as the EU-Vietnam FTA has come into effect since last August, Tseng Win is expected to gain higher competitiveness on the market by having its products produced in Vietnam and exported directly to the EU. Tseng added, “Other than our capabilities, honesty is also what we rely on to collaborate with clients. We take our partnership with clients seriously and would spare no effort to maximize the interests of both parties without competing directly with our clients. In the new year, we also look forward to meeting more potential clients, understanding the market trends, and extending our sales to more markets.”
Email: jessitseng@tsengwin.com.tw
Company Focus >>
“Piston Nuts for Performance Car Suspension Module” Receives 2021 Taiwan Excellence Award by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
璟鋒「高階性能跑車懸吊模組調整螺帽」 獲頒2021台灣精品獎
JF Website
T
he world’s leading car manufacturers’ critical metallic fasteners supplier “JingFong Industry Co., Ltd.” has recently developed a new type of piston nuts for performance car suspension module, which stood out among many other competitors to win the honor of Taiwan Excellence Award 2021 (transportation category). The is once again a recognition of Taiwan’s relevant industry to JingFong’s technical innovation and product development strength after it received the same award in 2020.
| Complete Termination of Noise and Pollution Medium This type of nuts is basically for fundamentally solving the problems like noise and pollution medium when chippings are left in the piston oil-pressure valve during installation. The same anti-loosening ability can be achieved without applying glues or altering the module design. The all-metal notched nut can help users achieve more stable driving torque and prevent stripping threads. Pressing notches on nuts can be 100% correctly and precisely positioned via the optical sorting module, creating a more stable driving torque during assembly. With a more mature cold forging process, the surface roughness of a product can be improved to Rz6.3 that significantly stabilizes the friction torque of final screwing. Moreover, through upgrading the tooling design, the flatness tolerance precision of the mounting side can be raised to a maximum of 0.05mm, increasing the tightness of installation with the counterparts. Finished products can be compliant with customers’ specification requirements without having them CNC machined, thus greatly reducing the manufacturing cost. “In terms of stamping die processing, we generally apply special coatings and use metal load & stamping stress analysis and formulation software to design suitable forming procedures and stamping dies, in order to avoid the excessive deformation load due to the drastic variance of metal, gradually increase the precision of the cold forging process, and prolong the service life of tooling. This is why we can always achieve a very good yield rate of products,” according to the technical division of JingFong.
| Regional Division of Labor, Getting Customer Service Right to the Point JingFong has 3 operations worldwide. The plant in Taiwan accepts OEM production orders for special locking fasteners and mainly exports to European and American car assembly and automotive component manufacturers; the plant in Thailand is specialized in the OEM production of standard fasteners and mainly ships to the car assembly and fastener plants in Europe, America, India, and the Middle East; the plant in Germany is a local product distribution and logistics center, which mainly cooperates with German car manufacturers to do just-intime production and practice vendor managed inventory to help customers reduce their inventory and management costs. JingFong has been dedicated to the R&D of products for over 40 years. In addition to the recent development of locking nuts for car assembly and automotive components, JingFong has been also working hard to extend its business reach to the R&D of locking construction fasteners. Moreover, the one-stop purchase service that greatly saves customers’ time to look for different supply sources, strict quality control procedures built with automated equipment and approved by certification, and the average lead-time controlled within 75 days (or even 60 days) are all what make JingFong gain so many loyal customers. Looking into 2021, JingFong said, “We’ll continue to focus on technical improvement, move toward the goal of smart manufacturing, and make every effort to build a highly-efficient production environment. We also hope to expand our business reach to U.S. commercial trucks and global electric vehicles assembly markets. Most importantly, we’d like to offer customers high value added products reaching the best balance between quality and cost, reinforce technical cooperation with external organizations in the R&D of fasteners, and do our best to fully satisfy customers’ expectations.”
JingFong contact: Alice Chen (Assistant Manager)
Email: sales@jingfong.com.tw
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For offering products of higher quality, JingFong has also introduced the force monitoring module for forming machines to monitor manufacturing quality in recent years. In its quality control laboratory, it also has SCHATZ torque analysis system, Rockwell hardness tester, and plating thickness/micro hardness/surface/salt spray testers, etc. to carry out strict quality control in manufacturing. If necessary, products must also go through automated optical inspection in order to keep the defective rate within 5ppm before shipments. “JingFong’s lab has been certified to ISO/IEC 17025 since 1997 and is able to provide customers with trustable test results and analysis reports,” according to the QC division of JingFong.
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Special Feature >>
Compiled by Fastener World
∥ 五金新品大道 ∥
Hardware & Tools Innovation Avenue Extra Large Wrenches for Extra Large Jobs 特大型工事用之新特大扳手 Companies in heavy machinery industries often face the dilemma: how do you increase productivity without sacrificing safety? U.S. Lowell’s extra-large wrenches can help. Too often, workers will use the wrong tool for the job, and as a result, they can risk damaged equipment or personal injury. Lowell Corporation’s 40 Series ratchet wrenches and 50 Series socket wrench sets provide workers with the right tools for extremely demanding applications.
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The cast malleable iron 40 Series wrenches are available up to 48" long with square, hex, or round/keyed openings up to 4-1/2". They include reversing controls in the head and enclosed replaceable gears. Additionally, the tools’ Bolt-Thru design makes it easy to tighten nuts on any threaded length. Above all, Lowell designs its extra-large wrenches to be safe, accessible, and customizable to your needs.
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Framing Nailers
結構用打釘機
U.S. Milwaukee Tool continues to expand its line of cordless nailing solutions from frame to finish with the introduction of their very first cordless framing nailers, the M18 FUEL™ 21° Framing Nailer and M18 FUEL™ 30° Framing Nailer. Delivering the power to sink nails in engineered lumber, these framing nailers can also fire up to 3 nails per second with no gas cartridges required. Milwaukee is committed to improving productivity by providing performance-driven and trade-focused solutions so users can perform an entire day’s work on one battery system.
Special Feature >> Torque Wrench Kit
扭力扳手箱
U.S. Lowell Corporation has introduced a new torque wrench kit that gives plumbers and utility workers greater flexibility in working with US-style No-HUB couplings. This compact kit gives plumbers and utility workers all the tools they need to properly tighten all standard fastening screws on No-HUB couplings to either 60 or 80 lb-in. Each kit comprises two Lowell T-Torker torque wrenches and three hex sockets (1/4", 5/16", and 3/8"). A durable carrying case is available. One of the wrenches in the torque wrench kit handles a max torque of 60 pounds while the other handles up to 80 pounds. When you reach maximum torque during the tightening process, each wrench will slip to prevent overrunning. The presets in this kit are static. Each wrench carries a label with its torque setting and a colorcoded collar for easy identification, even in low-light conditions. Based on Lowell’s ratchet technology, the torque wrenches offer fast, one-handed tightening in the right-hand direction to values that are accurate to ±10%. The spanners prioritize maximum efficiency, ease of use, compact size, and lightweight hand comfort. For example, the T-shaped handle gives users optimal leverage. Its flanged collar easily disengages the ratchet mechanism and locks the tool for effective reversing action without torque limitation. Furthermore, all devices come with a sealed die-cast handle and lubrication for increased longevity.
New INSPECTOR Torque Wrench Kistler is expanding its range of inspection systems for fastening technology by introducing the new INSPECTOR torque wrench. T ha n ks to t his easy-to -ha ndle device with its display/measuring unit, users can carry out process capability tests on bolted joints for evaluation and documentation of fastening process under series production conditions in a matter of seconds. The INSPECTOR meets a requirement that is especially important in the automotive and vehicle manufacturing industry: quality assurance compliant with the VDI/VDE guideline after the fastening process is completed. The new torque wrench also offers an advantage that was never available on the market until now: an interface with the CEUS and testXpert software applications for evaluation and archiving.
Hardware & Fastener Components - no.51/2021
新INSPECTOR系列扭力扳手
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Special Feature >> New Series of Molded-In Aluminum Threaded Inserts for Plastics 全新塑膠用模內鋁製螺紋嵌件 SPIROL is pleased to introduce a new, high-performance series of Molded-In Inserts for plastics assemblies. The rugged design of the Series 63 Through Hole Inserts and Series 65 Blind End Inserts consists of multiple bands of helical knurls to maximize torque resistance, balanced with radial undercuts to achieve high pull-out (tensile) force. These Molded-In Inserts are designed to be placed in the mold cavity prior to plastic injection, and offer exceptional performance due to unrestricted plastic flow into the retention features on the outside diameter of the Inserts. These lightweight, lead-free Threaded Inserts for Plastics are manufactured from 2024 grade aluminum which provides the best combination of strength, corrosion resistance, machinability and cost. The Series 63 and Series 65 MoldedIn Inserts are lead free, 40% stronger than brass, and 1/3 the weight of the same Insert manufactured from brass. Standard metric thread sizes include M4, M5, M6, and M8, and standard inch threaded sizes include 8-32, 10-24, 1/4-20, and 5/16-18.
Quik Drive® Cordless AutoFeed Screw Driving Multipurpose System Quik Drive®無線自動進料螺絲鎖固系統 Simpson Strong-Tie, the leader in engineered structural connectors and building solutions, has received a Pro Tool Innovation Award (PTIA) in the Drills/Drivers-Decking, Cordless category for its Quik Drive® PRO200SG2 multipurpose system. The new Quik Drive PRO200SG2 multipurpose system is equipped with a powerful DeWalt® cordless 2,000 rpm brushless driver motor and a lightweight extension for efficient and ergonomic stand-up driving. For the user, that means no cords, no trips, no errors. Combined with the company’s low-torque fasteners, the system delivers more screws faster per battery charge.
Hardware & Fastener Components - no.51/2021
The cordless system eliminates the need for compressors, generators or power to run fastening equipment, thus slashing setup time. With the elimination of cord and hose maintenance and tangle, the system also reduces tripping and electrical shock hazards. It can be used either with or without the lightweight extension. The Quik Drive PRO200SG2 system includes the auto-feed attachment, battery charger, two lithium-ion batteries and a protective soft case.
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Special Feature >> Versatile WBAC Wood Backing Steel Connector WBAC襯木鋼製連接件 Simpson Strong-Tie, the leader in engineered structural connectors and building solutions, introduced the WBAC wood backing steel connector designed to eliminate alignment issues and reduce installation time in connecting wood backing to cold-formed steel (CFS) studs. Answering contractor demand for an allin-one wood-to-CFS connector for interior and finish applications, the WBAC provides a strong, easy-to-install, versatile solution that’s ideal for heavy wall hangings like cabinets, shelves and handrails, and features a fastening pattern and unique rolled tabs engineered for extra strength and stiffness. Extensively tested in accordance with ICC-ES AC261, the WBAC is an ideal multipurpose wood backing CFS connector for use across a wide range of CFS interior projects, including schools, hospitals and other midrise structures.
New Bolt Mark Identifies Fastener Loosening and Tampering 螺栓鬆脫及防破壞指示劑
Designed to deliver a tamper-proof torque seal, Permatex Bolt Mark provides warranty protection for the user against tampering. It can also help save time when completing a job, by providing a visual indication of which assemblies have been torqued and which still need to be tightened. The quick visual evidence by Bolt Mark also helps speed up safety checks in professional and amateur racing applications.
Hardware & Fastener Components - no.51/2021
Per mat ex ® , a leadi ng i n novator i n chem ica l t e ch nolog y for automot ive maintenance and repair, has introduced a new product designed to help professional technicians and DIYers alike easily identify loosening and tampering of nuts, bolts, fasteners, and assemblies. Permatex Bolt Mark is a tamper-proof indicator paste that provides the user with a visual marker of completed work and easily identifies if a fastener has become loose or damaged.
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Special Feature >>
compiled by Fastener World
iF Design & Taiwan Excellence iF設計獎及台灣精品獎得主 Awards Winners TID 18 / Impact Driver
2020 iF Design Award
FESTOOL GmbH Wendlingen, Germany
This compact powerhouse offers an impressive service life thanks to its extremely robust hammer mechanism. The perfect combination of the new-generation brushless EC-TEC motor and the battery pack ensure maximum performance and endurance. In addition to this, the TID 18 with 1/4” tool holder turns the screw without straining your wrist – thanks to the tangential hammer mechanism with no strength-sapping back torque. The machine weight of just 700 grams also allows you to work longer without getting tired.
546 PRO Lever Series / Ball Valve
Hardware & Fastener Components - no.51/2021
The 546 PRO lever series focuses on the brand-specific implementation of functional product features. The distinctive shape of the lever references the responsibility of opening and closing the ball valve within piping systems. The faceted asymmetrical shape creates an optical presence clearly communicating the opened or closed position. With pins in the black inlay the lever can be used to open the ball valve for maintenance. By pressing down the locking ring, the lever position can be set and optionally secured with standard padlocks. The 546 PRO lever series includes different product sizes.
070
GF Piping Systems Schaffhausen, Switzerland
Hilti Corporation SF 6-A22 Schaan, Liechtenstein SF 6H-A22 Cordless Drill Driver / Hammer Drill Driver SF 6 is t he high-perfor ma nce power class of drill driver and hammer drill within the SF family of cordless tools. A uniform design language unites the entire SF family. SF 6 tools are intended for everyday professional construction – so the design focuses intensely on task-specific ergonomics, raw power and battery life. A new brushless motor, developed in-house, delivers more torque and higher RPM than any comparable tool, but consumes less battery power. An all-metal gearbox housing and non-slip, shock-absorbing surfaces ensure the tool sits firmly in the user’s hand while protecting it from rough jobsite conditions.
Special Feature >> Screwdriver Set / Tool Set
SW-Stahl GmbH Remscheid, Germany
The screwdriver set from SW-Stahl features ergonomically shaped handles that ensure ideal usage. Defined contours, smooth surfaces and perfectly balanced hard and soft plastic parts provide the perfect grip for optimal power transmission. The contrast between hard and soft areas as well as the unique and dynamic SW-Stahl design contribute to the iconic appearance and a differentiation from its competitors.
Torque Wrench / Tool T he new torque wrench from SW Stahl allows for ergonomic and precise handling and therefore adapts perfectly to the automotive industry. Soft contours on the handle area and refined details such as the setting wheel emphasize a wellbalanced overall appearance of the tool. The high-grade material and defined color separation ensure a professional finish and lend the product the design characteristics typical of SW-Stahl. SW-Stahl GmbH Remscheid, Germany
Cordless Screwdriver The Bosch GO is a prime example of a user-centered power tool. It features an innovative “Push & Go” operation mode, which is directly derived from hundreds of hours of close user observations. With fine-tuned torque adjustment, the electronic brake stop and the most powerful in class second-generation Bosch motor, the GO provides the perfect balance of precision and power to get every job done. Its well-thought-out ergonomics naturally lead to a design that exists at the delicate intersection of innovation and intuition. Bosch Power Tools Emerging Markets Shanghai, China
Hardware & Fastener Components - no.51/2021
2021 Taiwan Excellence Award
072
Pneumatic Impact Wrench KI-1480 is a 1/2” Air Impact Wrench. It is innovative, multi-functional and safe. The tool meets the needs of the current market. The following is an introduction to KI-1480:
KUANI GEAR CO., LTD. Taiwan
1. Lightweight Design - Introducing FRP and TPR embedded design, the tool weighs only 2.29kg. 2. Vibration Reduction Design - (Ductile Iron with High Strength) is adopted to improve the rigidity bearing capacity and smooth force. 3. Low Emission Design - Compared with products of the same stage, the air consumption is reduced by about 15%. 4. PATENTED - <One-Handed F/R Switch Operation> The first innovation in the industry that allows the thumb and index finger to quickly switch between “positive” and “negative”. 5. New Two Hammers Clutch - The structure of the lifting chamber is strengthened; the impact surface of the drill is increased. 6. Ergonomic Handle Design - The TPR design directly absorbs vibration and is comfortable. 7. High Efficiency Motor - Effectively improve the output efficiency of the air motor by about 20-25%.
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Special Feature >> Double Loop Mounting Tie
APACH INDUSTRIAL CO., LTD. Taiwan
Product features: Utility model patent. a. Fasten from either side. b. Bundle 2 objects with a single tie. c. Mounting hole for screw fixing. d. 114kg guaranteed loop tensile strength. e. Toxin-free material proved by SGS.
KAI SUH SUH ENTERPRISE CO., LTD. Taiwan
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Super Stubby Air Impact Wrench
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The Low-Energy Wood Screw TENZ ® wood building screws with TENZ Stairs Thread Technology® are self-screwing, made from special carbon steel, hardened and galvanized for protection. This technology makes work fast and easy with less effort.
A concave drive shaft design brings AW050H 5 main advantages: first, with the impact sockets, the total length is 104mm only which can be applied to a narrow working environment. Secondly, the user can use AW050H as either 3/8” or 1/2” with 3/8” Dr. & 1/2” Dr. anvil adaptors. Third, the user can use the bit holders (standard set: 8 & 10mm) as either sockets or holders to attract 8 & 10mm bits. Forth, with the magnet feature inside the 14mm driveshaft, 14mm bits can be attracted with no socket as a connection. Lastly, with the 14mm extension bar, the user can use all the accessories in broader applications with only one tool - AW050H.
The secret is the stairs along the thread called “Stairs of the Peak (SP)” and “Stairs of the Vale (SV)”. Their precise shape makes it possible to displace the wood fibers in a gentle way. TENZ Stairs reduce contact surfaces between screw and wood, thereby reducing friction along the thread up to 50% and significantly minimizing the screwing torque and the energy required. One battery charge can drive up to twice as many screws than before, and the tool life increases up to factor 10.
Instead of having several different power tools, AW050H is flexible in multiple applications such as automotive, motorcycle, agriculture machine, packaging, crates & pallets. With one-hand operation for forward & reverse and 3 positions for each side while also being lightweight (1.35kg), AW050H is suitable for most users.
Globally, around 2,000 tons or 2 billion of screws are used – every day. The used energy can be reduced by up to 50% with TENZ Stairs Technology®. The use of the TENZ energy-saving screw offers potential energy saving in construction projects never seen before! TENZ INTERNATIONAL LTD. Taiwan
Planetary Roller Screws Developed to use small rollers to replace the steel balls of the ball screws. According to Hertz Friction Theory: the load and rigidity are proportional to the contact area. After replacing with a small roller, the contact surface changes from point contact to line contact. Higher impact resistance and higher load capacity enhance the uniqueness of the product. The high load capacity of this product completely replaces the ball screw and hydraulic system. The industrial application has a good response on punching machines, injection molding machines, etc. It can be driven only by a motor, it takes up little space, and the power loss is only one tenth of the hydraulic system, which is safer and more convenient to operate. Characteristics: 1. High load capacity: The load capacity is 5 times that of ball screws. 2. High speed and acceleration: Generally up to 3 times of ball screws. 3. Long life: The life is 10 times that of ball screws. 4. Low noise: The noise is lower than 79db.
U-SCREWS PRECISION CO. Taiwan
Hardware World News >>
五金產業新聞
Hardware World News Compiled by Fastener World
Trade Agreement or Measures USMCA Effective since July 1st, 2020 After 3 years of negotiation, articles revision, and Parliaments approval procedures in USA, Mexico, and Canada, the United States-Mexico-Canada Agreement (USMCA) has come into effect since July 1st, 2020. The purpose of this new Agreement is to exempt relevant tariffs and lift certain trade barriers in the N. American region to facilitate trade activities amongst USA, Canada, and Mexico and reinforce the competitiveness of businesses in these countries. The new Agreement includes specific requirements for the origins of certain automotive components and materials used, which clearly states that more than a certain percentage of automotive components must be produced in USA, Canada, or Mexico, which could cause a significant impact on the automotive industry. Below are the detailed requirements:
Mergers & Acquisitions
Hardware & Fastener Components - no.51/2021
Grainger Announces Agreement to Divest Grainger China
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Grainger, the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, announced it has entered into a definitive agreement to sell its distribution business in China, Grainger China LLC (Grainger China), to a purchaser owned by the Grainger China management team and Sinovation Ventures, a China-based venture capital firm. This divestiture will better enable Grainger to focus on its key businesses and geographies. To support this portfolio, the company will maintain its Global Sourcing operations based in China. Grainger’s Global Sourcing provides the company with private label products in categories that include safety, cleaning, electrical, motors and tools. This transaction is not subject to any financing condition but is subject to the standard regulatory approvals.
1. At least 75% of certain automotive components assembled on a car must be produced in N. America. (The NAFTA period was 62.5%). 2. At least 70% of steel and aluminum materials used on a car must be produced in N. America. 3. Over 40-45% of automotive components produced in N. America must be produced by workers each with the hourly pay of US$ 16. The requirement stating “at least 75% of certain automotive components assembled on a car must be produced in N. America” was specifically formulated for 7 major automotive components, including chassis, engines, axles, transmissions, bumpers, sensors for steering wheels, and electric vehicle cells. If any of these items on a car is not produced in N. America, it won’t be considered “a car produced in N. America” and cannot enjoy the tariff-free benefit. With these requirements coming into effect, suppliers are required to submit their documents of origin and manufacturers are also required to provide relevant copies. However, automotive fasteners are not included in the list of items subject to the requirements.
S.W. Anderson Company Acquires OEM Fastening Systems S.W. Anderson Company, a specialty and class C component distributor, has acquired OEM Fastening Systems, a specialty fastener distributor in Lawrenceville, Georgia. “We’re excited to welcome the OEM Fastening Systems employees to the S.W. Anderson family” stated Jim Degnan, president of S.W. Anderson. “OEM’s reputation in the southeast U.S. as a customer-focused product expert aligns closely with S.W. Anderson’s value proposition. We look forward to working with our new team members to extend our products and services to OEM’s customer base. “ Tom Smith, president and owner of OEM Fastening Systems, said “combining our reputation for excellent products and services with S.W. Anderson’s manufacturer relationships and knowledge base will give OEM customers a powerful partner — one with local, personalized service, and high-tech products from international manufacturers.” OEM Fastening Systems was started in 1969 as a specialty fastener distributor. OEM assists design and manufacturing engineers in the automotive, appliance, outdoor power equipment, and other markets with fasteners, tooling, and tooling repairs. Founded in 1926 and headquartered in Downers Grove, Illinois, S.W. Anderson Company supplies specialty and standard fasteners, hardware, slides, and manufacturing components for the industrial manufacturing market. The company provides services to tier manufacturers and OEMs in automotive, commercial vehicle, consumer goods, aerospace, and food & beverage industries, amongst others and has seven sales offices/distribution centers with over 35 technical sales professionals throughout the US.
Hardware World News >> Würth Industry North America Acquires Techni-Tool, Inc. Würth Industry North America (WINA) announced that it has acquired the Louisiana Assets of Techni-Tool Inc. (formerly MDM Tool and Supply), a strong brand with 41 years of history supporting the machining, metalworking, and industrial industries by supplying premium cutting products, superior service, and technical support. The purchase will better serve the needs of Würth Industry’s customers in the metalworking and machining markets, specifically in oil, gas, transportation, and logistics industries and will deepen their geographic footprint in the gulf region.
L&W Supply Acquires Assets of Drywall Supply Inc.
This acquisition fits into Würth Industry’s strategy to provide expert supply chain solutions of industrial fasteners, safety, and MRO products and complements Würth Industry’s strength in the metalworking market from Würth Van Horn, the premier distributor of fabrication products for OEMs. The Louisiana Assets of Techni-Tool, together with Würth Van Horn, will provide expanded services to customers across the US, Mexico, Canada, and Brazil.
L&W Supply Corporation, a leading distributor of top-quality building materials and specialty products in the United States, announced that it acquired the assets of Drywall Supply Inc. (“DSI”), a building materials distributor with locations in the north and western suburbs of Denver, Colorado. Founded in 1996, DSI focused on residential and commercial markets, providing drywall, acoustical ceilings, insulation, steel stud and related products. The acquisition includes three DSI branches i n L ove l a n d , L a faye t t e a n d G ol d e n , Colorado, that will remain open.
Company Development
BBI Appoints Scott Gibson to Proferred Global Sales and Product Director BBI/Proferred is pleased to announce t he app oi nt ment of Scot t Gibson to the position of Proferred Global Sales and Product Director. Scott will direct Proferred’s sales efforts with its building a nd d r ywall customers. He will also support customers on a global level, work with buying groups, and on its tradeshows.
Hardware & Fastener Components - no.51/2021
The Drywall Supply team has a long history of providing contractor customers with the support and expertise they need. As part of L&W Supply, they will join a company committed to being the goto pa r tner for cont ractors nationwide, recognized for an unparalleled level of service and top-quality products.
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Hardware World News >> Simpson Strong-Tie Moves Maryland Warehouse and Annex to Larger Facility Simpson Strong-Tie, the leader in engineered structural connectors and building solutions, announced the relocation of its warehouse and annex facilities in Jessup, Maryland. Both facilities have moved to a new building located at 7951 Oceano Avenue, Jessup, MD 20794. The new facility is 35,000 sq. ft. larger than the previous location, and is located 2.5 miles away. All 21 employees in Jessup have transferred to the new location. The company has invested in the move as a commitment to future growth and to better serve our customers with faster product delivery and Will Call access. The new location provides more dock and office space, a training center, more efficient order picking and enhanced warehouse safety.
Tool Group Names Bob Heisner as Chief Marketing Officer Sp a rk s , M D. – To ol G r oup (AT G) announced the appointment of Bob H. Heisner to SVP and Chief Marketing Officer. In this position, Bob will lead the further development of all ATG hand tool and power tool brands – which include GEARWRENCH®, APEX®, Crescent ®, Weller ®, Cleco ®, and SATA® – while continuing to sharply accelerate ATG’s e - c om me r c e c ap a bi l it ie s. A s a member of the Executive Leadership Team (ELT), Bob will report directly to Jim Roberts, Chief Executive Officer, ATG, and be based in the company’s Lexington, SC, office. Since joining ATG in July 2016 as VP Marketing – Global Power Tools, Bob has helped champion the company’s Marketing Build and Transform initiative for the past several years. Prior to joining ATG, Bob led the development of some of the industry’s leading brands, i ncludi ng: DeWalt Accessor ies, Kwikset Locks, Hen nessy Tools (a division of Da na her), L enox Industrial Tools, and Rubbermaid Commercial Products.
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Volvo Japan Planned to Switch All Vehicles to EV by End of 2020
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Volvo Japan planned to switch all of its models sold in Japan to electric vehicles (EV) and end sales of internal combustion vehicles by end of 2020. Richard Snijders, managing director, stresses the next step is to introduce the safest EVs into the Japanese market. He will introduce XC40 which is Volvo’s first EV in 2021, and 5 types of EVs within 5 years. The target is to make Volvo’s EVs take up 50% of global vehicle sales by 2025.
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Hardware World News >> NAFCO Awaiting a Ray of Light in the Midst of Short Demand for Aerospace Components The pandemic has landed a strike on the aerospace industry. Aircraft makers Boeing and Airbus have a full stock of planes and can only reduce production to cope with the shortage of demand. Fewer flights mean reduced demand for aerospace components, putting aerospace fastener maker NAFCO in a place where it has to wait for the demand to recover. Although flights have been back online since last April, it seems to be only partial recovery. According to the statistics by OAG Aviation Worldwide, the global aerial transportation is less than half of the level before the pandemic outbreak, and one third of the world’s airplanes are still grounded. As of last July, the number of undelivered commercial aircrafts from Boeing and Airbus increased to 628 in total. Aircraft makers have greatly cut the expense on aftermarket components. In terms of production, as of last July, the aircraft orders placed to Boeing last year have been reduced by 836. Airbus has also informed its component suppliers of its plan to reduce aircraft production in the next few years.
Mate Precision Tooling Announces Corporate Name Change to Mate Precision Technologies
Mate P recision Tooli ng, a global leader in sheet metal fabrication products a nd solut ion s, a n nou nc e d t h at it is changing its corporate name to Mate P r e c i sio n Te c h n olog i e s . T h e n a m e change reflects the company’s broader commitment to metalworking and using its expertise to drive innovations to shape the future of factory productivity. Firmly committed to its existing product lines, the name change allows for the expansion into the metal cutting and machining industry with the release of a major new product line in 2021. The new name is effective September 1, 2020, and will be implemented across the company’s product and services through 2021.
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AIS Receives Reward for Outstanding Quality
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A IS -A l l I nt eg r at e d Solut ion s, a n MSC Company, proudly announces its recent award for Outstanding Quality. It was awarded at the Motus Annual 2020 Suppliers Conference. The award recognizes AIS for shipping over 10,000,000 pieces with zero defects. AIS was the only supplier to receive this award in 2020. Everyone from AIS’ quality, warehouse, sales, and account executive teams worked together to provide exceptional service to Motus---they deserve all the credit for the award. “We are extremely proud of our entire team this year. They have truly come together to make sure our customers receive the highest quality services and products. Earning this award is confirmation that AIS’ focus on quality, company culture, and employee training is paying off for our customers,” stated Nick Ruetz, president of AIS-All Integrated Solutions.
Industry Focus >>
Annual Financial Reports of
Compiled by Fastener World Updated on Feb. 1, 2021 Monetary unit: Million
Hand Tool Companies 2020年度工具大廠財報
> USA
(USD)
Period
Net Sales
Gross Profit
2020
3,192.399
1,343.322
2019
350.740
334.250
Net Income 251.117
1,432.043
399.996
383.129
288.865
▼5.0%
▼6.1%
▼12.3%
▼12.7%
▼13.0%
Period 2020 (USD)
Pre-tax Income
3,363.817
Change
Year Ended Dec.
Operating Income
Net Sales 14,534.6
Income from Operations
Pre-tax Earnings
1,472.1
1,267.0
Net Earnings 1,210.4
Total Assets
2,382.430 as of Aug. 2020
vs.
2,311.237 as of Aug. 2019
Total Assets
23,566.3 as of Dec. 2020
2019
14,442.2
1,360.4
1,130.0
955.8
Change
▲0.6%
▲8.2%
▲12.1%
▲26.6%
as of Dec. 2019
Total Assets
vs.
20,596.6
> Europe Period 2020
(SEK)
Year Ended Dec.
Revenues Gross Profit 99,787
41,180
Operating Profit
Pre-tax Profit
Net Profit
19,146
18,825
14,779
2019
103,756
44,732
21,897
21,572
16,522
Change
▼3.8%
▼7.9%
▼12.5%
▼12.7%
▼10.5%
113,366 as of Dec. 2020
vs.
111,722 as of Dec. 2019
Hardware & Fastener Components - no.51/2021
> Japan
082
(JPN)
Period
Revenue
2020
104,388
8,396
8,950
Net Profit 5,639
Total Assets
200,112 as of Nov. 2020
2019
126,964
19,554
19,710
13,686
Change
▼17.8%
▼57.1%
▼54.6%
▼58.8%
as of Nov. 2019
Period
Revenue
Net Profit
Total Assets
2020 2019 (JPN)
Operating Profit Ordinary Profit
Change
5,948
Operating Profit Ordinary Profit 906
932
628
6,177
981
1,016
878
▼3.7%
▼7.6%
▼8.2%
▼28.4%
vs.
190,414
8,035 as of May 2020
vs.
7,997 as of May 2019
Hardware & Fastener Components no.51/2021
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Industry Focus >>
2020 / DIY扣件市場及未來展望
DIY Fastener Market in 2020 and Beyond
Hardware & Fastener Components - no.51/2021
by Shervin Shahidi Hamedani
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≥ Introduction Increasing development of the construction and automotive industry, adoption of innovative production, growth of smart office and home, technical knowledge accessibility and availability and for sure increasing demand for maintenance, repair and general servicing tasks are the key impact factors driving the growth of the global DIY fastener market. With no doubt, the global DIY fastener market was hurt significantly during the COVID-19 pandemic as most economic activities were paused or even totally shut down during the first few months of the pandemic this year. Most major revenue-generating end-users of DIY fasteners such as construction, automotive, commercial renovation, and home improvement activities were affected, leading to a substantial drop in terms of sales. Restrictions, movement control orders and lockdowns disallowed the extensive application of hand tools and fasteners by workers and contractors, thereby affecting destructively the overall revenue generation for the market during this period.
Industry Focus >> ≥ Market Fragmentation
≥ DIY Fasteners and Hand Tools Markets The global DIY fasteners and hand tools are interrelated and interdependent markets. The global hand tools market was valued at USD22.2 billion in 2019, and is expected to reach more than USD30 billion by 2027, recording a CAGR of about 4% within the next 7 years. The major hand tools which are closely related to the fastener market are hammers, screwdrivers, wrenches, rivet guns, and clamps. The factors such as rise in recovery in the construction industry and growth in industrialization and urbanization drive the growth of both DIY fasteners and hand tools markets. This growth is more obvious in the developing countries which empower DIY culture and it helps to drive the market growth rapidly. Furthermore, the growth in machinery and equipment manufacturing sectors around the globe offers lucrative growth opportunities for DIY fasteners and hand tools market players. However, the current pandemic situation has unleashed a series of exceptional events distressing every industry. Therefore, both DIY fasteners and hand tools markets have been both affected by Covid-19 pandemic and therefore their value chains need to be adjusted or, in some cases, redesigned, more specifically on their distribution channels, to the new normal.
≥ Market Drivers Although the DIY culture still remains as one of the most important drivers of DIY fasteners market, there are some other main drivers which we will review them in this section. Fast industrialization and increasing applications in household and commercial sectors are predominantly driving the DIY fastener market. The growth in application of fasteners in automobile, construction (and home improvement), electronics, repair and maintenance are the key drivers for DIY fasteners’ demand. Increasing industrialization in the world is contributing to the growth of DIY fastener market, more specifically for maintenance and service purposes. A good example is the high demand for DIY fasteners in the automobile sector. Since the growth of automobile market and its maintenance and repair sector are not dependant on any particular region and the automobile industry is successful across the globe, the demand for DIY fasteners in this market is expected to continue its growth. However, as mentioned earlier, the COVID-19 pandemic has impacted exports, imports, demand and trends in each and every industry and it is expected to face some economic impacts on the DIY fastener market. There is another key driver in the DIY fastener market, which is consumer income. Large companies compete through volume purchasing, extensiveness of products, and effective merchandising and marketing while small companies focus on a market segment and compete through the depth of products and superior customer service. Last but not least, the developments in technology and the widespread usage of cost effective devices and tools have fuelled the adoption of DIY fasteners amongst consumers.
Wit h t he presence of bot h globa l a nd regiona l players, the DIY fasteners market has been fragmented. Additionally, with the current pandemic situation, it is expected that companies invest more in the resilience of their supply chains and, in particular, reduce their dependency on China (as one of the largest DIY fastener exporters). Ma nu fa ct u r e r s w i l l b e c onst a nt ly fo cuse d on technological advancements, design innovations, and improving the product quality with respect to their products to meet the buying nature of their target consumers, due to high rivalry in the market. The competition in the global market will be expected to get more rigid with several price wars, product launches, and strategic alliances in domestic and international markets. Consequently, the profit margins are getting affected as a result of the rising competition among the rivals.
≥ Sales Channels The traditional key players and large DIY fasteners chains have been forced to adopt new strategies and revaluate their business strategy. E-Commerce and Omnichannels have had a huge impact on the market. If we look at the share of online purchases of overall DIY products, online channels may not be the large percentage of the total sales but when we look into some specific product groups, or type of DIY fasteners and tools, online purchases could be significantly high in both volume and value. As a majority of DIY resources are available online, instore display plays a major role in how DIY consumers learn to manage DIYs. Large retailers have seen a boost in sales by implementing these tactics, but these are not so beneficial for small and local businesses. Most often, small businesses excel over the big box stores, in terms of customer service and store-consumer relationships. The significant number of DIY users are likely to explore products in the store, but they may order those products online. Since the price is mainly the first and key factor for purchasing DIY fasteners, price comparison is much easier for buyers when they go online.
≥ Moving Towards DIFM There is a new trend in the global DIY market which is expected to penetrate and expand into DIY Fasteners in the long run, which is called DIFM (do-it-for-me). It is expected that DIY fasteners, to some extent, experience the transformation towards DIFM. Apparently, this trend differs prominently based on the product type and category, but the current pandemic situation where many people have lost their jobs may impact positively on the growth of DIFM market. In some countries, mainly European countries which have a large share of the consumers who are getting old to perform DIY jobs, the DIFM concept is growing faster. Consumers and end users will start to outsource their work, which will lead to more DIFM and eventually more demand for DIY products including fasteners and tools.
Hardware & Fastener Components - no.51/2021
Sources: Market Research, Mordor Intelligence, and Report Linker.
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Industry Focus >>
In this article, I will analyze the fastening tool category falling within HS Code 820730 (Note: Vietnam’s export of the fastening tool category falling within 820740 is quite low, which is on average less than 10 thousand USD in a quarter; and therefore, I’ll ignore this category in this article.) Vietnam following Thailand is the biggest exporter of tools of the HS code 820730 in the ASEAN countries. The exported value of Vietnam was around 5 million USD, while the exported value of Thailand was around 9 million in each quarter from 2019 to the 3rd quarter of 2020.
Analysis of Fastening Tools Export of Vietnam
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越南緊固工具出口分析
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Japan bought around 60% and USA bought about 20% of Vietnam’s exported fastening tools; and therefore, they were the main markets for Vietnamese tools.
by Behrooz Lotfian
The figures for Vietnam (around 5 million USD) in comparison with those for Japan (around 213 million USD), the leader of this category (820730), were very small. Vietnam’s power in this category was only 2% of Japanese power! How can Vietnam get started on a successful journey in this category? I believe that it’s not easy. However, there are already some active factories that manufacture fastening tools in Vietnam and export to foreign customers, so thinking about this problem (i.e., the small size of their business compared to their Japanese counterparts) and trying to find a solution are very vital for them.
Road Map of Introducing Vietnamese Fastening Tools to the World 1- In What Market Can They be Successful? If Vietnamese fastening tools manufacturers want to generate better results from their marketing programs, they should think in reverse. Instead of starting with themselves, they should start with the mind of their prospects. Instead of asking what they are, they should ask why Japanese and American customers buy their products?
The following table shows the “Main Buyers of Vietnamese Fastening Tools.” Unit: Thousand USD
2017-Q4
2018-Q1
2018-Q2
2018-Q3
2018-Q4
Japan
4,162
3,580
3,886
3,221
3,431
USA
1,277
1,354
1,058
1,100
1,177
South Korea
95
100
101
99
180
Portugal
330
371
391
458
389
Canada
165
471
168
133
184
2019-Q1
2019-Q2
2019-Q3
2019-Q4
Japan
2,935
3,275
3,316
3,285
USA
1,105
1,083
989
1,483
South Korea
99
148
299
376
Portugal
327
491
462
416
Canada
189
175
155
154
Japan
2020-Q1
2020-Q2
2020-Q3
3,044
2,400
2,470
USA
907
1,078
876
South Korea
195
412
454
Portugal
423
329
226
Canada
163
71
112
Changing customers’ buying nature of fastening tools in a super competitive market is an extremely difficult task; and therefore, even if Vietnamese fastening tools feature high quality, few consumers believe it. Therefore, it’s much easier to work with what’s already there (i.e., Why the two biggest exporters in this category in the world also buy from Vietnam?) Vietnamese suppliers should spend a few dollars on research, and they should be aware that their answer is not “because of better
Industry Focus >> quality or cheaper prices.” Better quality is not their answer because consumers believe that the quality of Japan, South Korea, Taiwan, Germany, or USA is much higher than that of Vietnam, and changing this concept is almost impossible. A better price is not an answer for Vietnamese manufacturers, either, because even if their price is better than Chinese price, China remains the most powerful country in resources, and they can break Vietnamese prices anytime.
2- Who Can Vietnamese Fastening Tools Manufacturers Outgun? Vietnamese fastening tools manufacturers should know the fact that they can’t compete with Japanese and U.S. manufacturers especially inside of their countries. Statistics show that Vietnamese producers couldn’t expand their market in these two countries.
3- Allocate Enough Money? A big obstacle to be successful in the export programs is attempting to achieve the impossible. It takes money to build market share. It takes money to establish a position. It takes money to hold a position once Vietnamese can establish it. The competition today is fierce. There are too many similar products and too many companies doing similar things vying for the minds of prospects. Getting noticed is getting tougher. If Vietnamese manufacturers don’t spend enough to get above the competition level, their competitors will come in to take the market away from them. The solution for Vietnamese manufacturers to cope with the competition problem is to reduce their geographic scope. Look at the first table included in this article, Vietnamese manufacturers sell their fastening tools to two countries in East Asia, two countries in America, and one country in Europe. The geographical distribution is their problem.
4- Joint Ventures with Other Manufacturers Do Vietnamese manufacturers do business on their own, or do they make JVs with strong companies? A better way is to look for allies with the financial, marketing, and production muscles to take the idea and run with it. Joint ventures. Franchising can help Vietnamese manufacturers speed up their growth journey.
Last Words Some of the key points fastening tools producers in Vietnam should consider are: 1- None of ASEAN countries are listed in the first 5 designations of Vietnamese fastening tools export, however, for playing an international role, Vietnamese fastening tool suppliers have to be credible in their local region (which is ASEAN). 2- This credibility can build through focusing on their current clients in Japan and USA. As a common idea “Made in Japan” and “Made in USA” mean better quality than any ASEAN production. Using a message like “we know how to do it because Japanese buy our tools” is an accelerator to convince the other consumers. 3- To find some European, American leaders in their field and make joint venture agreements would help Vietnamese fastening tools suppliers increase their competitive edge.
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It’s better that Vietnamese manufacturers should start through the ASEAN and attack directly to Thai manufacturers as the ASEAN export leader. They must select a position that no one else has a firm grip on. They must spend as much time as possible thinking about the situation from the point of view of their competitors as they do thinking about it from their own. “Prospects don’t buy, they choose,” which means the normal sales technic of a supplier is not enough to convince a customer to buy its products, as the customer thinks and chooses his/her supplier. As a result, when Vietnamese suppliers want to get a success in this field, they must think how they can be chosen by customers and forget about the normal sales technic. They should use the advantage of their current markets in Japan and USA as a leverage to compete with Thai manufacturers. They can spread this message “The tools which their Japanese customers would like to buy.”
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Industry Focus >> 南韓緊固工具出口分析 by Sharareh Shahidi Hamedani
Analysis of Fastening Tools Export of South Korea In this article, I’ll analyze two fastening tool categories falling within HS Codes 820730 and 820740.
HS Code 820730 The export value of South Korea in this category (820730) was 19 7. 6 m i l l i o n USD in the 3rd quarter of 2020, which decreased by 18% in comparison with the 2nd quarter of 2020 and 44% in comparison with the 1st quarter of 2020.
World
2017-Q4
2018-Q1
2018-Q2
2018-Q3
2018-Q4
286,159
320,646
291,920
258,456
238,847
Quarterly Change
12%
-9%
-11%
-8%
2019-Q1
2019-Q2
2019-Q3
2019-Q4
2020-Q1
2020-Q2
2020-Q3
315,858
242,987
211,492
250,658
324,574
240,829
197,583
32%
-23%
-13%
19%
29%
-26%
-18%
Quarterly Change
Numbers are in thousand USD
The blue line shows the value growth The following graph shows “the Trend of South Korea’s Exported Fastening Tools (820730)": of South Korea’s exported fastening tools in comparison with the previous quarter. The fluctuation of the numbers in this sector is high, but it trends to -1%. These numbers tell a significant message:
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The export of HS code 82730 of South Korea has been in decline and it is not just because of Covid-19.
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The last quarter of 2017 has been based in the orange line; and therefore, it shows accumulative (negative) growth in this sector, -16% in the 3rd quarter of 2020. Since the last quarter of 2019 to the 3rd quarter of 2020 the effect of the pandemic is visible. T h e p e r i o d b e t we e n t h e l a s t quarter of 2019 and the first quarter of 2020 shows a surplus of orders because of the fear of city lockdowns, and then, the period between the 2nd quarter and the 3rd quarter of 2020 shows a sharp decrease in orders because of full warehouses and the lockdown effect. The message of this graph is: the situation of HS Code 820730 is not good and it is not just because of Covid-19, as the negative trend has started since 2018.
The World’s Trend in HS Code 820730: The main exporters of this category are:
• The red dot is Japan. It was the leading exporter of this category in 2019 and 2020 with 2.7 million USD quarterly export. • The green dot is South Korea. It was the 2nd biggest exporter of this category in the world. Its quarterly export value in the same period was 2.5 million USD. It lagged just 5% behind Japanese exporters.
Industry Focus >> • The yellow dot is Germany. The export value of Germany was 22% lower than that of South Korea. • The blue dot is USA. It lagged 47% behind Germany. • The purple dot is Italy. It lagged 10% behind USA. • The black dot is Spain. It lagged 19% behind Italy.
do is to focus on the Japanese suppliers, their products, their sales force, their pricing, and their distribution. No matter how strong South Korean suppliers are in this category. The Japanese will always overshadow their abilities, if South Korean suppliers only lean on their abilities without attacking Japanese suppliers’ sources. Therefore, the main question of Korean suppliers is "How do we decrease Japan’s share in the market?"
How Should South Korean Suppliers Act in the 820730 Category ?
Find a weakness in the Japanese strength and attack at that point, what do I mean? There is a kind of weakness that grows out of strength. A leader's production line normally is full; and therefore, customers should order their requirements much earlier than their actual consumption dates and customers' urgent orders are most of the times not accepted by a leader. This weakness is because of the leader's strength. Korean suppliers should note that they can go to new markets through specializing their production, preferably with a specific product.
Statistics show that South Korea could be the leader in some quarters of 2019 and 2020, but, averagely it is ranked in the 2nd places. Therefore, it is very clear that if South Korean manufacturers want to be successful, they should attack the leader’s market directly. What South Korean suppliers should
HS Code 820740 The value of this category is around 25 times lower than HS Code 820730, 2017-Q4 2018-Q1 2018-Q2 2018-Q3 2018-Q4
World
11,325
12,269
13,225
12,242
13,468
Quarterly Change
8%
8%
-7%
10%
Numbers are in thousand USD
2019-Q1 2019-Q2 2019-Q3 2019-Q4 2020-Q1 2020-Q2 2020-Q3 Quarterly Change
13,383
14,372
12,983
12,456
9,332
8,527
10,026
-1%
7%
-10%
-4%
-25%
-9%
18%
The following graph shows "the Trend of South Korea's Exported Fastening Tools (820740)":
Both lines show a negative trend, but the difference between this graph and the previous graph is:
The numbers of this category (820740) were acceptable before the pandemic. The line of quarterly numbers was positive until the 3rd quarter of 2 019 and the accumulative line reveals that if the pressure of the pandemic is finished this category can recover itself. Look at the number of the 3rd quarter of 2020.
The World’s Trend in HS Code 820740: The main players in this category are:
• Germany with an average export of 71.6 million USD in each quarter since 2019 is significant with the yellow dot. • Japan is the 2nd biggest exporter, but it lagged 44% behind the numbers of Germany. • The Netherlands as the 3rd biggest exporter lagged 41% behind the numbers of Japan. • The fourth biggest player is South Korea. Its export value lagged 50% behind the numbers of the Netherlands. • USA shows a 14% lower exported value in comparison with South Korea, Taiwan shows a 1% lower exported value in comparison with USA, and Italy shows a 13% lower exported value in comparison with Taiwan.
South Korea as the fourth biggest exporter in the world in the 820740 categor y is a mid-level expor ter; and therefore, they can't make a big change in the market. Germany, Japan and even the Netherlands still can beat them. However, in business, a guerrilla has a reservoir of tactical a dva nt ages t h at a l low t he sma l l exporters to flourish in the land of giants. For success, South Korean suppliers should reduce the size of the battleground in order to achieve superiority of force. In other words, they should try to become a big fish in a small pond. My suggestion for the South Korean exporters in this sector is: to find a market segment that is small enough to defend. It could be small geographically, or in volume, or in some other aspects difficult for larger exporters to attack and be aware that no matter how successful they become, as soon as Germans, Japanese or Netherland exporters are interested in the market, they should find another new market for themselves.
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How Should South Korean Suppliers Act in the 820740 Category?
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Industry Focus >>
The Influence of
RCEP on Taiwanese Hand Tool Industry by Dr. Arthur Hsu
≥ Foreword The global political and economic situations have been changing really fast ever since the Covid-19 became a worldly pandemic. After 8 years of negotiations, 15 countries in the Asia Pacific region (including Singapore, Malaysia, Thailand, the Philippines, Indonesia, Brunei, Vietnam, Laos, Myanmar, Cambodia, China, Japan, S. Korea, New Zealand, and Australia) officially signed the Regional Comprehensive Economic Partnership (RCEP) on November 15, 2020. Countries that signed RCEP were almost the same as those joining the “One Belt, One Road” Initiative proposed by China; RCEP requires up to 91% of goods traded within the region to be tariff-free, which means countries that signed RCEP will form the world’s largest Free Trade Zone (FTZ) that may lead to a significant impact on the global economy. China is a major member of RCEP and the world’s largest hand tools exporter. As for Taiwan, though a majority of its hand tool manufacturers still maintain production in Taiwan, it is also facing many uncertainties caused by US-China trade war, Covid-19, RCEP, etc. at the same time. In this article I’ll explore non-power hand tools (HS codes 8201-8215) and power hand tools (HS codes 8467/8460/8465), and will also focus on the hand tools export from Taiwan to the world, the comparison with the export from Taiwan to countries that signed RCEP, and whether RCEP will cause any impact on the hand tools export of Taiwan or not. In the conclusion of the article I’ll propose my suggestions for domestic hand tools suppliers to adapt to global market changes after RCEP was signed.
RCEP 對台灣手工具產業之影響分析 ≥ The Development of Taiwanese Hand Tool Industry in 2020 When RCEP was Signed The hand tool industry is one of the critical industries contributing to Taiwan’s foreign exchange reserves. In 2020 the production of non-power and power hand tools in Taiwan was around 113 billion NTD; the import value was 22.5 billion NTD; the export value was 108.5 billion NTD; the domestic market demand was 27 billion NTD, and over 90% of the hand tools were for export. However, in 2020 the hand tool export of Taiwan was stricken by Covid-19 and was down around 7.1% from 2019. Its average CAGR in the past 6 years was around -0.3%. In terms of the percentage of certain hand tools export, the export of non-power hand tools represented around 75%, while the export of power hand tools represented around 25%. Table 1 reveals the hand tools trade statistics of Taiwan from 2015 through 2020 and the percentage of export in its total trade value.
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Table 1. Non-power and Power Hand Tools Trade Statistics of Taiwan in 2015-2020(e)
090
Production Value Import Value Export Value Domestic Market Demand Import Dependence Export Percentage Degree of Self-sufficiency Source: Trade Statistics of Taiwan Customs
2015 1124.6 203.1 1103.3 224.4 90.5% 98.1% 9.5%
2016 1110.0 217.3 1088.0 239.2 90.8% 98.0% 9.2%
2017 2018 1180.0 1220.0 212.4 235.8 1135.9 1158.0 266.5 297.8 82.8% 79.2% 96.3% 94.9% 17.2% 20.8% Note: Figures of 2020 are estimates.
2019 1250.0 225.7 1168.0 307.7 73.4% 93.4% 26.6%
2020(e) 1130.0 225.0 1085.0 270.0 83.3% 96.0% 16.7%
CAGR 0.1% 2.1% -0.3% 3.8% -1.6% -0.4% 11.9% Unit: 0.1 bn NTD;%
≥ Hand Tool Export Values from Taiwan to RCEP Member Countries and Respective Percentages of These Countries in Taiwan’s Export to RCEP Member Countries and the World In 2020 the hand tool export value from Taiwan to the world was 108.5 billion NTD and the hand tools export to RCEP member countries was 28.89 billion NTD (26.6% of the total export). China , Japan, and Australia were the top 3 destinations in Taiwan’s hand tool export to RCEP member countries. The export value to China was 10.65 billion NTD (representing 36.9% of Taiwan’s total export to RCEP member countries or 9.1% of Taiwan’s total export to the world); the export value to Japan was 6.96 billion NTD (representing 24.1% of Taiwan’s total export to RCEP member countries or 6.4% of Taiwan’s total export to the world); the export value to Australia was 2.8 billion NTD (representing 9.7% of Taiwan’s total export to RCEP member countries or 2.6% of Taiwan’s total export to the world); the export value to Vietnam was 2.08 billion NTD (representing 7.2% of Taiwan’s total export to RCEP member countries or 1.9% of Taiwan’s total export to the world); the export value to Thailand was 1.54 billion NTD (representing 5.3% of Taiwan’s total export to RCEP member countries or 1.4% of Taiwan’s total export to the world.) Such results make the hand tool export of Taiwan an export-intensive industrial structure.
Industry Focus >>
The Analysis of Taiwan’s Hand Tool Export to RCEP Member Countries China, Japan, and Australia were the major three destinations in Taiwan’s hand tools export to RCEP member countries in 2020. China represented 9.1% of Taiwan’s total export to the world, Japan represented 6.0%, and Australia represented 2.4%. The three countries altogether represented up to 70.9% of Taiwan’s total export to RCEP member countries (or 17.5% of Taiwan’s total export to the world). Table 3 reveals Taiwan’s certain hand tool export to China, Japan, and Australia. 1.
2.
3.
4.
China: It was the largest destination of Taiwan’s hand tool export to RCEP member countries. Its total export value was around 10.65 billion NTD. The top two exported items to China were Interchangeable Tools for Hand Tools (valued at 4.91 billion NTD) and Hand-operated Spanners and Wrenches (valued at 1.63 billion NTD). Handoperated Spanners and Wrenches are also listed in the 20 priority tariff-exemption items of ECFA. However, China will also reduce its tariffs against Japan from the original 8-10% to 0%, which may influence Taiwan’s export to China.
Table 2. Hand Tool Trade Statistics of Taiwan with RCEP Member Countries Rank
RCEP Member Countries
RCEP Member RCEP Member Taiwan's Country in Taiwan's Country in Taiwan's Export Value Total Export to the Total Export to the RCEP Region World 106.5 36.9% 9.8%
1
China
2
Japan
69.6
24.1%
6.4%
3
Australia
28.0
9.7%
2.6%
4
Vietnam
20.8
7.2%
1.9%
5
Thailand
15.4
5.3%
1.4%
6
S. Korea
15.2
5.2%
1.4%
7
Indonesia
10.4
3.6%
1.0%
8
Malaysia
8.3
2.9%
0.8%
9
Singapore
5.5
1.9%
0.5%
10
The Philippines
4.0
1.4%
0.4%
11
New Zealand
4.0
1.4%
0.4%
12
Cambodia
0.7
0.2%
0.1%
13
Myanmar
0.4
0.1%
0.0%
14
Brunei
0.0
0.0%
0.0%
15
Laos
0.0
0.0%
0.0%
Hand Tool Export from Taiwan to RCEP Member Countries (Subtotal)
288.9
100.0%
26.6%
Hand Tool Export from Taiwan to NonRCEP Member Countries (Subtotal)
796.1
--
73.4%
Hand Tool Export from Taiwan to the World
1085.0
--
100.0%
Source: Trade Statistics of Taiwan Customs
Japan: It was the 2nd largest destination of Taiwan’s hand tool export to RCEP member countries (representing 24.1%) and the export to Japan was around 6.9 billion NTD. The top exported items to Japan were Other Hand Tools and Hand Tools for Machines, totaling only 2.88 billion NTD. Before Japan officially signed RCEP, Japan had reduced its tariff rate for most of hand tools imported from Taiwan and WTO members to 0% and only a few hand tools exported to Japan were subject to the rates of 3-4%. As a result, even if RCEP has been signed, it may not cause a significant impact on Taiwan. Australia: It was the 3rd largest destination of Taiwan’s hand tool export to RCEP member countries (representing 9.7%) and the export to Australia was 2.8 billion NTD. The top exported items to Australia were Other Hand Tools (1.08 billion NTD) and Hand-operated Spanners and Wrenches (0.59 billion NTD). Before Australia signed RCEP, Australia imposed a tariff rate of around 5%. After Australia signed RCEP, the tariff rate was immediately reduced, which might influence Taiwan’s export to Australia. Others (S. Korea, Malaysia, Thailand, Vietnam, New Zealand, Cambodia, Singapore, Laos, Myanmar, Australia, the Philippines, Brunei): Taiwan’s export to these countries represented a smaller percentage and the export value to these countries was also comparatively smaller. Most of them were not the major hand tool export destinations of Taiwan. The aforementioned 12 countries only accounted for 7.9% of Taiwan’s total hand tool export to the world.
The Analysis of Taiwan’s Major Hand Tool Materials (Wire Rod & Steel) Exported to RCEP Member Countries Taiwan’ hand tools are mainly made of wire rod and steel. Wire rod and steel are not only used to produce hand tools, but are also used to produce stainless steel screws, nuts, bearings, etc. As most of Taiwanese hand tools manufacturers use domesticallymade steel materials, Table 4 reveals the trade statistics and possible impacts on major steel materials exported to RCEP member countries.
Unit: 0.1 bn NTD;%
Table 3. Taiwan's Certain Hand Tool Export to China, Japan, and Australia Tariff Code China Japan Australia 8201
0.8
2.4
0.7
8202
0.6
0.7
0.4
8203
2.8
2.3
1.2
8204
16.3
7.8
5.9 10.8
8205
6.6
18.7
8206
0.4
1.4
3.1
8207
49.1
10.1
1.1
8208
4.9
1.2
0.3
8209
1.7
1.2
0.0
8211
1.0
0.3
0.2
8213
0.8
1.4
0.3
8214
0.1
0.2
0.1
8424200000
1.1
0.9
0.3
8465930000
3.5
1.2
0.3
8467112000
0.8
0.0
0.0
8467113000
1.4
0.9
0.4
8467119000
1.1
0.8
0.6
8467199000
1.9
1.1
1.0
8467299000
0.4
1.7
0.3
8467890000
0.2
0.3
0.1
8467920000
2.3
3.3
0.3
8467990000
5.3
7.4
0.4
8509809000 Combined calculation of multiple tariff codes Total
2.1
2.9
0.1
1.2
1.5
0.3
106.5
69.6
28.0
Source: Trade Statistics of Taiwan Customs
Unit: 0.1 bn NTD;%
All in all, Taiwan’s self-sufficiency for the above four steel materials is not enough, so they are basically supplied to meet the domestic demand and are not the major exported products of Taiwan. Plus, some RCEP member countries have already eliminated their tariffs against these four materials, and Taiwan’s export to Thailand and Malaysia is subject to a tariff of only 5%, and Malaysia has also eliminated its safeguard tariff against Taiwan, so the situation of Taiwan’s competition with other RCEP member countries will not appear a significant change after RCEP was signed.
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≥ The Impact of RCEP on Taiwan’s Hand Tool Material Sources (Wire Rod and Steel) and Finished Products
091
Industry Focus >> Table 4. Trade Statistics and Possible Impacts on Major Steel Materials Exported to RCEP Member Countries Steel Materials Likely to be Export Influenced Destination Free-cutting Steel and Rod (Round Cross Section) (72151010)
Hot-rolled Bearing Steel and Rod (72279000)
Malaysia
Malaysia
Tariff Rate (%)
5%
5%
Export Value
Impact Analysis
(0.1 bn NTD)
2.19
Free-cutting steel and rod is not a major product of Taiwanese suppliers, so RCEP will not cause a significant impact on it. If downstream steel plants purchase domestically-made wire rod and sell to Malaysia, it may indirectly influence the export of Taiwanese companies.
2.55
Although Taiwan's hot-rolled bearing steel and rod is not subject to the 11.9% safeguard tariff in Malaysia, its competitiveness has been reduced as China can enjoy a more favorable tariff rate after joining RCEP. Prices of Chinese steel materials will be more competitive to make some customers switch their orders. As a result, if Taiwanese companies would like to consolidate its Malaysian market share, they may need to reduce their prices.
Hot-rolled Steel or Nonalloy Steel and Rod (72139190)
Thailand
5%
5.94
Major Taiwanese hot-rolled steel or non-alloy steel and rod suppliers will face competition from their Korean counterparts in the advanced application markets, while they will also face the challenges from China in the general application markets. However, as S. Korea has not been subject to tariffs for long, RCEP will not cause a significant impact on Taiwanese companies supplying this advanced products. As for China, it is facing antidumping issues. After relevant tariffs are eliminated, its wire rod and steel still must be sold with the addition of alloy. In the short term it may not cause any influence, but in the long term, China will still face pressures like customers switching orders or price reduction.
Other Steel or Non-alloy Steel and Rod (72155099)
Indonesia
17.5%
3.81
Taiwanese major suppliers can export their other steel or non-alloy steel and rod through a third country, so RCEP will not cause a significant influence to Taiwanese suppliers.
Source: Trade Statistics of Taiwan Customs
≥ Conclusions and Solutions Taiwanese hand tool industry is mainly an export-oriented industry and its major export destinations in the world were USA in the 1st place (export value: 43 billion NTD / percentage: around 39%), China in the 2nd place (export value: 10.65 billion NTD / percentage: around 9.1%), Germany in the 3rd place (export value: 7.25 billion NTD / around 6.5%), and Japan in the 4th place (export value: 6.96 billion NTD / around 6.4%). Among these four major destinations of Taiwan’s hand tool export, two countries are also members of RCEP, however, as the percentages of these two countries are much less than that of USA, we could assume that RCEP will only cause limited impacts on Taiwanese hand tool industry. In short, with the influences of U.S.-China trade war, Covid-19 and RCEP, we are still not quite sure if the global hand tool market can recover to the previous level. According to the above analyses, RCEP will only generate limited impacts on Taiwanese hand tool industry, but as the global economy and orders are closely related to each other and China remains the biggest export destination of many Taiwan’s industries, Taiwanese hand tool suppliers definitely cannot neglect the change at an international level. Below are conclusions and advice for your reference.
Hardware & Fastener Components - no.51/2021
Combined Assessment on RCEP:
092
1.
On the basis of FTA, the margin for RCEP to mandate more tariff reduction is actually limited. Moreover, in the categories like socket wrenches and other hand tools in which Taiwan maintains higher competitiveness, China has excluded most of them from tariff reduction or adopted a 10-year tariff reduction period. In the short term, the influence may not be very significant, but in the long term, it may need more time to observe.
2.
RCEP shows less restrictions on product origins, thus causing less impacts on the regional supply chain. In the short term, the existing process & export trade model will not change, and Taiwanese hand tool industry maintaining production bases in Taiwan won’t be influenced a lot.
3.
USA was the top export destination of Taiwan’s hand tool export. U.S.-China trade war and the pandemic also greatly revealed the advantage of “made-in-Taiwan.” Many Taiwanese manufacturers have come back to Taiwan for expansion and further investment. They can continue to focus on high value added hand tools as their main development goal.
How Should Taiwanese Government React to Changes Brought by RCEP: 1.
External strategy: to broaden international participation and reinforce industrial collaboration with reliable partners, guide industries to expand business to Southeast Asia and increase the flexibility of industrial supply, and help companies expand to overseas markets.
2.
Internal strategy: Taiwanese Government once provided necessary guidance to digital and medical hand tools industries. In the future, it must continue to offer more resources, such as subsidies for companies’ R&D projects for industrial transformation, collaboration with industries and academics, introduction of lean management and digital manufacturing systems, and digital value-added transformation.
Suggestions for Taiwanese Government for Taking Further Reactions: 1.
State-owned banks should provide hand tool manufacturers with low-interest financing to reduce the influence.
2.
High value-added manufacturing model to achieve high value-added and high-quality products within the hand tools industry must be continued.
3.
Taiwanese Government must continue to sign FTA with certain countries (for example, Vietnam and Thailand, both are RCEP member countries, impose the import duties of up to 20%, which diminish the competitive edge of Taiwanese products in the local markets).
4.
Up to 39.0% of Taiwanese hand tools are exported to U.S. market, but the U.S. imposes the duty of around 9% on Taiwanese hand tools. It is suggested that Taiwanese Government should be more active in the FTA negotiation with USA, as that will definitely be favorable to the future development of Taiwanese hand tool industry.
by Shervin Shahidi Hamedani
Industry Focus >>
Analysis of Fastening Tools Export of Japan 日本緊固工具出口分析
Japan built its modernization on the back of its worldclass manufacturing base. The country has a large and highly advanced manufacturing sector with the extensive global links. According to the Fasteners Institute of Japan (FIJ), the Japanese fastener industry comprises around 3,000 manufacturers that produce more than USD9.6 billion worth of fasteners annually supported by its strong distribution channels and trading companies by creating approximately USD4.3 billion in annual revenue. The higher value of fastener exports from Japan to the global market compared with the smaller amount of imports has made Japan a self-sufficient country in the fastener industry. Based on trade statistics, the value of Japan’s exported fasteners is more than 300% higher than its imported fasteners in recent years. This number sometimes can grow up to 500% or 600% in some categories.
Fastening Tools: The Main Category The evolution of industries such as aerospace, automotive, construction and railway sectors and several other cutting-edge industries builds high demands for industrial fasteners and thus for fastener tools. There are numerous types of fasteners and so, there are several tools available for securing industrial fasteners. In the following sections we look into the fastening tools trade statistics in Japan in recent years.
international trade statistics and then we will dive into the key subcategory of this sector. In 2019, Japanese fastening tools manufacturers and distributers exported more than USD2.3 billion worth of tools to the global market. As mentioned earlier, in the fastener industry, the amount of exports, on average, is about 3 to 4 times higher than the amount of imports. In 2019, Japan imported USD624 million of tools into its market. In terms of the quantity of exports and imports, Japan shipped 70.9 thousand tons of tools to its clients globally while importing about 25.8 thousand tons to the country. The chart below illustrates the “Quarterly Trade Statistics of Fastening Tools in Japan from Q1 2019 to Q3 2020.”
Hardware & Fastener Components - no.51/2021
The Fastener Market of Japan
We start with the main category in the “Fastening Tool” which is known and identified by the HS Code of 8207 in the
093
Industry Focus >> With no doubt, The COVID-19 pandemic has seriously wounded the world’s economy with severe consequences impacting the majority of industries including fastener trade. The quantity of export and import has been drastically reduced within the second and third quarters of last year and this impacts the value of trade. The table below exhibits the “Export and Import Values Amongst Japan’s Leading Trade Partners.”
last 10 years was registered in 2012 as Japanese exporters shipped more than USD2.7 billion worth of fastening tools to the global market. On the other hand, import statistics show a gradual rise within the last 10 years with a few ups and downs. The chart below show both imports and exports value of tools from 2012 to 2019. All these figures and big differences between import and export values again prove the fact that Japan has made itself a self-sufficient country in fastener and fastening tools industries.
Fastening Tools: The Largest SubCategory If we dive into the details of Fastening Tools category (HS Code: 8207), the group under this category which has the highest amount of imports and exports is Interchangeable Tools for Pressing, Stamping or Punching. The tools under this category registered more than USD1.1 billion export value in 2019, which means almost half of the total value of exports in the fastening tools category belong to interchangeable tools for pressing, stamping and punching (HS Code: 820730). Within the first 3 quarters of 2020, despite the pandemic, Japanese exporters delivered more than USD653 million worth of tools under this category to their clients globally which is equivalent to about 36 thousand tons of
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Looking at the major exporters of fastening tools, China and Korea have led the world in exports to Japan within the last 10 ye a r s. C h i n a exp or t e d about USD179.3 million of fastening tools Japan’s Import and Export Values of Tools from Year 2012 to 2019 in 2019 followed by Korea with about USD163.3 million worth of fastening tools. Other major exporters are Taiwan, Germany, Thailand, the U.S., and Vietnam. Interestingly, the main destinations of fastening tools manufactured in Japan are China, the U.S., Thailand, Taiwan, Korea and Mexico.
094
The value of tools exported from Japan grew between 2016 and 2018, from USD2.1 billion to USD2. 5 billion but reduced to USD2 . 3 billion in 2019 and reduced again in 2020 because of the pandemic. The highest amount of exports in the The following charts below illustrate the “Values of Imports and Exports in This Category in the Japanese Fastening Tools Market.”
IMPORT VALUE - USD THOUSAND U.S.A. China Thailand Mexico Korea
2015 2016 2017 2018 2019 425,816 490,594 542,130 526,355 604,910 403,621 406,448 473,482 461,824 453,098 183,538 155,171 171,448 179,365 193,562 84,894 118,757 95,180 200,333 150,935 98,893 109,928 106,469 104,413 103,485
EXPORT VALUE - USD THOUSAND China Korea Germany Thailand Taiwan
2015 118,432 111,205 42,444 40,878 38,638
2016 2017 118,445 134,437 133,776 136,733 41,464 44,550 38,927 39,606 35,819 37,240
2018 159,815 158,790 45,976 45,325 41,930
2019 179,296 163,294 41,957 41,268 38,101
Industry Focus >> tools. The major destinations, were, again, the U.S. and China, and followed by other countries like Malaysia, Mexico, Thailand and Czech Republic. The U. S. has been on top of the list of export destinations for Japanese fastening tools for the last 10 years. Although during the pandemic, the value of export to the U.S. has been reduced, this country is still the largest importer of Japanese tools manufacturers. During last year, and because of the Covid-19 pandemic, Japan has found new strategic export markets. For instance, Malaysia is one of those countries which has increased their fastening tools orders significantly during the pandemic situation. As shown in the right table, in the third quarter of last year, Malaysia imported more than USD1.7 million worth of tools for pressing, stamping and punching and was ranked as the 4th largest importers. The value of import in Q3 2020 by itself was more than the total value of imports from Japan between Q1 2019 and Q2 2020 (USD14.4 million).
Wrapping Up Despite of the pandemic, in the near future, growing gains in Japan’s fastening tool sales are expected to continue its path. Technological advances in various aspects have allowed fastening tools to overcome several historical price and performance disadvantages. By moving more towards specializations, Japanese manufacturers could leverage further on their high technology and high quality advantages to compete with their major rival in the region, China.
Hardware & Fastener Components - no.51/2021
Sources: ITC, Trade statistics for international business development
095
Technology >>
by Laurence Claus
Do m ed
He ad
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096
I often have John make a guest appearance in some of the classes that I conduct when I discuss the subject of torque tension. John has been all over the United States helping construction crews troubleshoot problems, so that he has some very interesting stories he likes to tell. One of my favorites is about a call he received from a construction foreman on a project in Barrow Alaska (now called Utqiagvik). Barrow is the northernmost city in the United States and is 320 miles north of the Arctic Circle. It is cold there, reaching temperatures above freezing on average only about a third of the year. John tells the story of getting a call because every lot of Tension Control Bolts the steel erectors tested was failing to meet the minimum Preload (Tension) requirements. They were convinced that the Skidmore wasn’t working right. John instructed them to bring the samples inside and let them warm up to room temperature and see what would happen. This simple action changed the results entirely and the parts passed, allowing the construction crew to complete their project without further delay. This simple story is just one of thousands of stories regarding Tension Control Bolts. This ingenious product has become one of the most prevalent forms of structural bolting connections available. They have become a very popular choice among designers and construction crews for their ease of assembly, but as the story above illustrates require some understanding of how they work when using them. They are, in fact, a sophisticated engineered product. Therefore, let’s explore a little bit more about this product.
36 F4
t Nu ex yH av He
My friend, John Obrien, is the owner of Skidmore Wilhelm of Solon Ohio. Skidmore Wilhelm is an iconic name in the global fastener industry because they are the preeminent developers of the Skidmore testing device, a testing apparatus that you will find on nearly every major structural steel construction project. The Skidmore is a simple to use hydraulic load cell that steel erectors use at the beginning of each shift to validate the torque tension behavior of the structural bolting assemblies they will be using during that shift.
張力控制螺栓
t l Bol ontro ion C Tens
Tension Control Bolts ≥ Foreword
M ST rA e rp he as W
ve oo Gr r ea Sh
Pi n
Ta il Sp lin e
Figure 1: Anatomy of a Tension Control Bolt
≥ What are Tension Control Bolts? Tension Control Bolts have a domed head, body, threads, and a splined tip known as the Pin Tail. (See Figure 1) Tension Control Bolts are part of the structural bolting family given by ASTM F3125. Like the other structural bolt variations, these come in two different types, regular and weathering steel and two different strength grades, 125,000 psi and 150,000 psi. The 125,000 psi version is considered Grade A325 and marked as A325TC or A325TC depending on whether it is Type 1 (regular steel) or Type 3 (weathering steel), respectively. The 150,000 psi version is considered Grade A490 and marked as A490TC or A490TC depending on whether it is Type 1 or Type 3, respectively. Tension Control Bolts always come as an assembly. In fact, they are not to be used unless all the components have been matched for one another and what might be considered a simple rework, such as re-lubricating parts, is not allowed by any party except the original manufacturer. A Tension Control Bolt assembly consists of the Tension Control Bolt, a Washer per ASTM F436, and a Heavy Hex Nut per ASTM A563. The installation will appear to the untrained eye to be relatively simple; the entire assembly is disassembled and immediately reassembled into the joint. The part is then snugged tight and a special driver is used to properly tension the joint. Although it appears pretty simple and mundane, there is a significant amount of engineering going on below the surface. Once the joint has been snugged, a point where all joint components are in close contact but absent any significant preload, there are three primary frictions areas. These are where… •
The bolt head contacts the clamped material
•
The washer contacts the clamped material
•
The nut bearing face contacts the washer
Again, once the joint has been snugged, there are no gaps between these contact points but no significant tension has yet been developed. To complete the joint, therefore, and develop the desired tension, a special electrical wrench is employed. This tool has two separate spindles, an outer
Technology >> spindle which turns the nut clockwise and an inner spindle which turns counterclockwise and grips the splined Pin Tail. Essentially, since the nut to washer face contact area is the smallest of the three contacting areas and it is completely lubricated it will experience the lowest level of friction and turning will begin there. While the nut is turning the bolt remains stationary, held in place by friction at the bolt head contact area and by the countering force exerted by the tool holding the Pin Tail. Since the joint does not turn and it started out “snugged” the turning nut results in bolt stretch or Preload. As the bolt tightens, the counteracting force on the pin continues to grow until the Pin Tail breaks off, completing the installation and locking the joint with the developed Preload. All of these things do not happen by chance. Every Tension Control Bolt is manufactured to exacting standards, especially those related to the groove separating the threads and Pin Tail and the lubrication. Every lot of assembled parts is tested and certified to meet specific minimum tension values before leaving the manufacturing plant.
≥ Advantages of Using Tension Control Bolts There are a number of advantages of Tension Control Bolts over the more traditional structural hex bolt, washer, and nut assemblies. The advantages are primarily about assembly. Tension Control Bolts can be installed by a single operator working from the tail end of the bolt. Although there must be access to both sides so that the Tension Control Bolt can be fit into place, because the head is domed and has no place to hold it, clearance need only be sufficient to be able to fit the bolt into place. The process of placing and snugging the parts are at least equivalent to a hex bolt, if not a little easier, but final installation is clearly easier as the electronic driver only needs to be placed on the part and the trigger pulled. Other advantages include consistent tension assuming uniformity in assembly conditions, easy visual inspection, and parts come preassembled, ready for installation.
≥ Disadvantages of Using Tension Control Bolts Tension Control Bolts also have some serious disadvantages. The name suggests “Tension Control” when, in fact, the tension is derived relative to torque. These assemblies would probably be more aptly named “Torsion Control Bolts”. Even a beginning fastener engineer knows, however, that the torque-tension relationship is very sensitive. In other words, small changes in friction can and do result in significant variation in the tension generated. As a result, careless practice could result in either an over or under tension scenario. Likely Tension Control Bolts are most vulnerable to poor storage practices and environmental conditions. As the story in the introduction about parts in Barrow Alaska illustrates, temperature can have a dramatic impact. Consider that the parts were validated by the manufacturer in conditions close to average room temperature, but when exposed to the cold field conditions they failed to perform according to plan. We get the opposite problem on the other end of the extreme. When field conditions, such as direct sun exposure result in parts getting very warm, the efficiency of the lubricant goes up resulting in less friction and greater tension. If that tension level is too high, the parts will reach their Tensile Strength and break prior to the Pin Tail shearing off. (This has been known to happen as well.) Additionally, atmospheric conditions like high or low humidity and rain can affect the performance of Tension Control Bolts. If parts are deemed to require re-lubrication, specifications prohibit that being done by anyone except the original manufacturer.
Obviously storage and handling is exceptionally important. These parts are always supplied as assemblies which have been validated by the manufacturer to meet the required minimum tension. They are then immediately sealed into air tight containers, primarily to prevent the evaporation or loss of any of the lubricant, but also to protect against wetting conditions from rain or other sources of moisture. While at the manufacturer or fastener distributor, storage is maintained in well controlled, ambient environments. However, when parts reach a job site, it is up to the construction workers to maintain best practices and store parts in a cool, dry location. It is also imperative that once containers are cracked open, parts are consumed quickly. The lubricant will start to diminish within a couple of days so that it is critical to keep the lid as tightly sealed as possible and out of the rain or sun.
≥ Conclusions Tension Control Bolts are an ingenious solution for structural bolting applications. Because they rely entirely on a pre-established and validated torque tension relationship, it is critical that nothing change from when they leave the factory to when they are installed into service. This is probably asking a lot of the average construction worker, so that education and instruction in proper storage, validation, and installation procedures is not only important but essential. When controlled in these ways, Tension Control Bolts, make a nice addition to the fastener options that steel erectors and construction companies have at their disposal.
Hardware & Fastener Components - no.51/2021
Some additional disadvantages include the need for special installation tools and local energy sources to power them, a more limited selection of lengths, diameters, and finish choices, and the need for tool clearance on the Pin Tail side.
097
Special Feature >>
compiled by Fastener World
Fastening Hand Tools Trade Statistics
(2018 to 2020)
緊固工具貿易統計
(in USD), in descending order according to figures of 2020 Source: U.S. ITA of Department of Commerce
Import Rank 1 2 3 4 5 6 7 8 9 10
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts
Partner World China Taiwan India Germany Argentina Japan Canada Mexico Czech Italy
2018 2019 268,264,516 278,412,715 148,858,040 134,341,149 66,762,885 80,021,863 18,870,973 25,172,658 6,466,696 6,643,110 6,233,728 5,651,591 3,650,244 8,239,193 2,740,937 3,118,680 4,142,543 3,887,572 1,063,047 1,281,004 3,412,662 3,013,973
2020 (Jan-Sep) 166,711,295 69,643,283 61,879,537 14,541,818 4,139,043 3,515,218 2,080,562 1,854,214 1,849,034 1,515,023 1,165,777
HS 820412 Adjustable hand-operated spanners, wrenches, and parts
Hardware & Fastener Components - no.51/2021
Rank
098
1 2 3 4 5 6 7 8 9 10
Partner World China Germany Taiwan Spain Vietnam India South Korea Canada Japan Slovenia
2018 115,155,780 75,172,645 12,633,539 14,652,198 8,112,333 8,672 1,819,050 25,326 532,669 210,749 297,032
2019 108,784,733 65,426,414 12,699,375 16,334,087 8,700,417 445,815 2,154,092 235,646 495,224 312,961 276,262
2020 (Jan-Sep) 76,965,984 39,662,562 12,313,557 12,060,704 8,015,923 1,563,687 1,522,728 271,608 228,611 218,510 206,450
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World Taiwan China Vietnam Germany Sweden Japan Canada Netherlands UK France
2018 258,989,783 127,232,817 119,958,634 --3,175,450 1,028,916 1,789,937 1,008,968 747,070 704,357 478,562
2019 296,572,077 157,194,747 127,461,441 644,656 3,137,756 1,440,378 1,631,513 1,261,727 610,521 689,630 566,349
2020 (Jan-Sep) 177,784,678 112,196,881 55,691,511 3,112,485 1,902,582 884,283 708,882 566,079 495,303 423,015 273,040
Special Feature >> HS 820540 Screwdrivers and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World Taiwan China Germany Czech Vietnam Japan Slovenia Poland Switzerland Spain
2018 146,221,230 37,931,188 89,316,104 8,035,463 3,963,880 116,451 3,035,423 14,662 3,209 850,970 536,353
2019 147,455,235 48,123,853 80,467,917 8,599,604 4,276,099 40,683 1,948,698 219,660 175,823 762,175 625,533
2020 (Jan-Sep) 102,673,916 47,176,244 43,968,573 3,061,192 2,576,220 1,194,385 1,002,356 858,149 492,673 412,872 380,666
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
1 2 3 4 5 6 7 8 9 10
Partner World China Taiwan Germany Canada Indonesia Japan Vietnam Hungary Italy UK
Export Rank 1 2 3 4 5 6 7 8 9 10
2018 384,980,807 187,942,070 49,109,372 44,765,864 15,722,400 434,658 16,754,119 1,519,680 5,927,617 4,378,418 7,137,143
2019 361,213,349 147,661,235 59,643,209 40,449,883 15,826,224 5,595,710 17,628,166 3,633,510 7,030,386 4,880,836 6,432,015
2020 (Jan-Sep) 246,230,127 85,276,571 55,962,739 23,635,809 12,453,876 12,247,421 8,361,144 4,918,491 4,548,388 4,314,146 4,069,954
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts
Partner World Canada UK Australia Germany Mexico Japan China Singapore UAE Brazil
2018 147,677,918 33,782,997 13,057,911 10,234,686 10,760,937 8,978,854 8,721,054 8,068,888 4,546,478 2,050,331 2,975,438
2019 138,546,273 34,323,780 11,190,754 9,006,065 8,826,966 8,478,982 9,106,918 6,065,307 4,351,302 1,120,785 2,560,409
2020 (Jan-Sep) 87,396,845 19,086,697 8,208,690 6,164,101 5,752,651 4,639,463 4,539,669 4,349,678 2,683,154 2,030,440 1,957,610
HS 820412 Adjustable hand-operated spanners, wrenches, and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World Canada Belgium Mexico Germany Australia Saudi Arabia UAE Japan Singapore China
2018 44,339,403 15,513,678 3,279,791 3,053,432 839,772 1,476,369 512,251 912,483 1,355,394 2,271,946 695,683
2019 40,521,695 14,342,275 2,867,681 3,695,156 937,711 1,218,217 796,094 723,789 1,420,309 1,512,220 1,385,128
2020 (Jan-Sep) 23,198,118 8,433,736 1,804,603 1,660,353 1,323,127 1,124,336 1,045,589 731,460 689,557 673,840 599,676
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Rank
099
Special Feature >> HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World Canada UK Mexico Australia Japan China Netherlands Germany Saudi Arabia Peru
2018 78,016,980 21,093,465 12,995,530 5,330,218 3,519,639 4,283,026 1,471,459 2,686,567 2,712,845 609,271 1,532,972
2019 73,887,371 21,350,458 9,722,424 9,872,978 2,873,110 5,056,066 1,335,025 2,237,311 2,705,453 1,218,116 1,321,401
2020 (Jan-Sep) 35,636,980 12,972,067 4,021,170 3,024,598 2,536,827 1,702,638 1,050,692 954,865 906,337 899,991 757,356
HS 820540 Screwdrivers and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World Canada UK Mexico Australia South Korea Japan Belize Costa Rica Germany China
2018 30,204,893 9,837,459 2,722,815 4,728,819 1,055,871 823,678 826,328 4,179 975,159 413,345 780,464
2019 26,991,611 11,123,937 2,110,283 3,193,096 929,109 798,460 1,118,656 46,325 419,542 854,968 846,046
2020 (Jan-Sep) 17,640,328 7,523,748 1,991,633 1,495,033 1,412,615 628,597 497,896 383,958 312,532 290,078 275,747
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Hardware & Fastener Components - no.51/2021
Rank
100
1 2 3 4 5 6 7 8 9 10
Partner World Canada Mexico Japan Germany U. K. Australia China South Korea France Brazil
2018 229,172,760 43,720,659 45,898,993 16,087,211 14,333,052 15,076,932 6,214,243 8,538,642 5,345,448 6,617,205 3,704,739
2019 241,121,772 51,413,172 48,648,817 14,632,466 9,391,053 10,914,744 6,802,374 11,579,327 5,779,533 8,921,620 7,679,864
2020 (Jan-Sep) 135,997,966 30,728,699 25,810,620 10,015,876 7,767,009 5,922,274 5,607,811 5,165,090 3,674,372 3,366,959 2,787,472
in descending order according to volumes of 2020 Import Rank 1 2 3 4 5 6 7 8 9 10
Source: Ministry of Finance, Japan
Japan P.C. Code 61705 All hand tools
Country World China S. Korea Taiwan Thailand Vietnam Germany USA Indonesia India Italy
2018 (kg) 69,394,001 36,711,826 13,323,858 8,907,006 2,432,352 1,406,299 1,418,757 1,170,242 563,826 587,374 278,416
2019 (kg) 68,826,383 36,729,955 14,010,541 8,860,778 1,711,280 1,425,947 1,329,175 1,173,763 508,775 334,824 380,800
2020 (kg) 65,371,779 38,532,884 9,821,969 8,891,858 1,373,377 1,341,365 1,243,667 1,100,814 376,590 327,060 323,721
2018 (JPY1,000) 158,002,479 52,572,776 22,501,610 15,097,814 8,761,716 4,877,985 11,567,059 11,480,080 2,379,791 1,582,875 1,021,955
2019 (JPY1,000) 155,400,826 52,869,894 22,148,125 15,013,726 8,406,254 5,084,069 10,881,918 11,484,131 2,430,922 1,382,268 1,082,852
2020 (JPY1,000) 133,919,743 48,506,027 16,810,036 14,258,187 7,543,186 5,491,291 8,158,467 9,373,905 1,994,952 1,116,932 921,259
Special Feature >>
Export 1 2 3 4 5 6 7 8 9 10
Country World USA China Thailand S. Korea UK Mexico Indonesia India Czech Rep. Malaysia
2018 (kg) 103,841,817 25,195,082 16,317,048 4,592,168 4,233,686 4,955,875 11,794,976 3,244,731 4,132,898 135,736 1,806,992
2019 (kg) 91,441,897 27,292,051 16,623,015 5,985,983 4,041,228 1,355,989 7,645,650 2,137,410 2,773,207 1,083,292 306,023
2020 (kg) 78,393,989 27,093,195 13,276,216 3,642,217 3,433,050 3,344,761 3,193,600 2,663,261 1,858,639 1,845,045 1,803,922
2018 (JPY1,000) 448,548,831 85,827,016 93,686,033 32,789,909 25,372,163 8,423,143 23,783,669 11,864,546 13,933,210 787,211 5,976,262
2019 (JPY1,000) 409,156,808 92,721,860 84,509,714 32,987,562 23,593,706 3,614,903 18,199,338 9,730,529 12,012,928 2,344,479 3,500,644
2020 (JPY1,000) 3 41,019,115 77,009,141 74,644,296 23,550,148 19,849,260 5,434,421 10,825,106 8,126,441 9,135,020 3,147,166 4,549,982
(in USD), in descending order according to figures of 2020 Import Rank 1 2 3 4 5 6 7 8 9 10
Partner World USA China Taiwan Germany India Mexico Czech UK Spain Italy
Source: Canada.ca
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts 2018 55,557,327 23,514,233 20,486,372 7,327,387 1,323,402 1,022,164 124,358 213,769 317,413 91,447 228,224
2019 2020 (Jan-Nov) 68,956,753 42,994,973 23,832,725 16,512,116 19,578,753 15,827,156 7,484,922 6,748,284 1,415,097 996,212 584,427 623,332 339,152 443,793 306,302 420,736 308,457 207,040 87,759 165,208 183,586 153,646
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Rank
101
Special Feature >> HS 820412 Adjustable hand-operated spanners, wrenches, and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World China USA Taiwan Germany Spain Vietnam UK India Italy Japan
2018 23,390,524 9,617,280 9,134,345 2,393,015 706,141 757,856 95,144 171,249 65,897 19,845 120,517
2019 2020 (Jan-Nov) 22,789,261 19,947,812 9,497,350 8,534,108 8,438,602 5,963,904 2,687,654 2,921,366 777,863 877,917 817,393 832,045 589 299,448 135,894 171,676 49,778 57,397 30,277 52,895 95,899 44,718
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World China Taiwan USA Germany India Israel UK Sweden Italy Japan
2018 55,959,753 29,641,494 13,111,872 11,499,977 521,926 14,599 162,486 89,496 148,888 101,784 54,742
2019 2020 (Jan-Nov) 50,493,666 30,520,481 25,254,159 10,307,549 11,404,448 10,306,668 11,819,174 8,490,135 671,448 490,105 55,408 97,774 165,691 86,340 133,084 83,986 63,532 71,266 85,018 69,380 90,106 67,625
HS 820540 Screwdrivers and parts
Hardware & Fastener Components - no.51/2021
Rank
102
1 2 3 4 5 6 7 8 9 10
Partner World China USA Taiwan Czech Germany Slovenia UK Spain Japan France
2018 16,472,167 7,262,934 4,897,424 2,594,066 789,348 537,721 11,541 47,513 52,710 72,090 37,227
2019 2020 (Jan-Nov) 16,966,246 16,194,780 7,546,786 7,423,904 5,047,724 4,011,630 2,386,459 2,826,608 962,530 1,004,406 606,473 496,860 39,748 121,871 49,032 49,265 55,425 36,686 73,600 33,479 14,901 30,453
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools Rank 1 2 3 4 5 6 7 8 9 10
Partner World China USA Taiwan Germany Italy Japan Hungary Vietnam France Israel
2018 101,152,131 42,269,889 24,505,220 15,902,518 5,165,181 2,423,123 1,461,117 1,611,740 748,659 518,058 1,110,328
2019 2020 (Jan-Nov) 114,004,598 121,611,039 48,527,626 68,550,250 29,388,113 19,625,438 17,182,614 16,498,536 5,343,989 3,316,348 2,893,688 3,199,979 971,614 1,329,897 1,622,231 1,325,875 788,671 1,136,588 896,293 914,566 920,868 681,032
Special Feature >> Export Rank 1 2 3 4 5 6 7 8 9 10
Partner World USA Netherlands Germany France Russia Australia India Saudi Arabia South Africa China
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts 2018 4,788,534 3,541,792 2,684 43,185 60,485 125,582 54,135 32,343 40,340 12,424 25,302
2019 2020 (Jan-Nov) 5,534,810 3,943,974 4,141,550 3,011,801 22,686 163,600 284,345 83,398 44,424 73,264 89,309 64,691 23,956 48,557 55,037 38,131 31,500 28,771 71,756 26,970 34,807 26,222
HS 820412 Adjustable hand-operated spanners, wrenches, and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World USA Australia Mexico Cuba Russia Suriname Netherlands Ghana Finland Chile
2018 2,001,816 904,981 42,760 117,896 7,582 72,152 13,234 5,984 62,339 30,635 820
2019 2020 (Jan-Nov) 2,072,382 1,488,521 820,837 550,071 150,073 172,795 126,957 103,970 22,475 88,070 77,091 77,247 36,613 55,924 53,518 47,687 155,764 40,103 69,137 33,724 20,600 31,416
Rank 1 2 3 4 5 6 7 8 9 10
Partner World USA Germany UK Australia Brazil Portugal Cuba Russia New Zealand Kuwait
2018 2,907,313 2,074,884 68,168 89,486 32,033 5,022 4,909 19,548 36,697 8,006 21,219
2019 2020 (Jan-Nov) 3,161,472 1,985,178 2,174,699 1,398,743 98,856 111,080 136,771 102,201 50,879 55,981 51,806 30,543 21,505 27,917 5,380 26,749 22,535 25,375 11,810 21,964 18,665 21,455
HS 820540 Screwdrivers and parts Rank 1 2 3 4 5 6 7 8 9 10
Partner World USA Germany Slovakia Switzerland UAE Taiwan China Hong Kong UK Mexico
2018 2,481,407 1,308,271 644,874 170,464 252 330 10 4,448 37,418 22,731 25,121
2019 2020 (Jan-Nov) 1,944,109 1,304,954 1,028,147 634,907 615,241 239,438 5 125,370 482 120,791 2,167 33,127 21,362 24,820 3,318 20,789 34,664 17,375 17,215 15,924 6,660 9,261
Hardware & Fastener Components - no.51/2021
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts
103
Special Feature >> HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools Rank 1 2 3 4 5 6 7 8 9 10
Partner World USA Thailand France Taiwan India Mexico China Germany Switzerland UK
2018 24,364,170 18,452,349 300,883 470,597 282,493 309,059 177,584 535,998 312,652 143,901 244,458
2019 2020 (Jan-Nov) 23,549,115 20,532,249 17,667,872 15,472,127 731,285 1,023,067 609,043 575,584 370,798 512,909 663,815 499,025 272,663 355,730 611,137 324,006 260,274 203,379 172,216 136,408 191,919 133,362
in descending order according to figures of 2020
Import Rank
Hardware & Fastener Components - no.51/2021
1 2 3 4 5 6 7 8 9 10
104
Country World China Vietnam Japan India Turkey USA Germany Netherlands Italy Czech Rep.
Source: Bureau of Foreign Trade (Taiwan)
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts 2018 (kg) 3,186,183 2,690,770 183,718 125,071 151,398 5,471 4,566 7,457 570 3,492 213
2019 (kg) 3,648,472 3,243,343 138,969 118,725 112,650 5,283 8,316 9,929 805 794 119
2020 (kg) 4,476,298 4,029,978 143,126 102,804 53,427 35,723 17,238 3,159 2,441 996 760
Country World China Japan Vietnam USA Germany Turkey India Netherlands Czech Rep. Switzerland
2018 (USD) 14,598,993 10,129,480 2,191,546 778,095 218,176 285,594 87,926 579708 91,207 19,195 20,848
2019 (USD) 18,606,863 14,437,651 1,910,634 718,533 292,443 282,038 73,195 436,960 89,019 9,398 17,157
2020 (USD) 22,774,124 17,374,483 1,849,605 836,843 523,966 399,052 325,988 245,791 240,937 46,867 25,026
HS 820412 Adjustable hand-operated spanners, wrenches, and parts Rank 1 2 3 4 5 6 7 8 9 10
Country World China Vietnam Japan Turkey India USA Germany Thailand Spain Italy
2018 (kg) 1,707,020 682,508 770,716 19,882 41,763 115,891 3,453 2,074 878 879 14
2019 (kg) 1,776,182 870,885 758,210 30,935 36,957 62,984 3,299 2,006 717 1,172 87
2020 (kg) 1,444,460 709,121 676,164 21,901 18,378 9,654 5,230 1,656 337 305 147
Country World China Vietnam Japan USA Turkey Netherlands Germany India Italy Ireland
2018 (USD) 10,117,283 3,807,283 3,403,546 573,046 288,125 367,921 12,598 104,865 441,828 1,300 4,680
2019 (USD) 10,180,824 5,027,282 3,392,747 501,775 265,057 318,259 15,439 78,331 270,671 10,526 10,052
2020 (USD) 8,555,926 3,818,654 3,238,040 650,799 341,266 152,929 92,209 91,136 48,919 19,555 17,998
Special Feature >>
Rank 1 2 3 4 5 6 7 8 9 10
Country World China Vietnam Italy Japan Germany USA Netherlands Denmark Sweden UK
2018 (kg) 775,717 700,736 --256 6,083 1,683 1,529 723 --57 168
2019 (kg) 787,040 740,685 15,220 7,456 6,583 2,605 1,685 588 315 77 146
2020 (kg) 1,552,958 1,335,194 184,432 8,372 5,509 2,455 1,649 821 307 148 82
Country World China Vietnam Japan USA Germany Netherlands Italy Denmark France Singapore
2018 (USD) 2,807,151 1,589,461 --583,001 191,358 70,285 69,079 20,941 --6,991 28,246
2019 (USD) 3,757,531 2,442,909 79,765 519,822 198,932 142,858 63,827 78,178 11,890 4,802 5,143
2020 (USD) 7,334,181 5,159,743 731,458 483,716 274,710 193,498 126,323 85,999 16,939 10,908 9,925
2018 (USD) 4,452,372 2,881,943 606,508 313,351 123,539 168,204 38,945 49,381 18,145 160,644 1,043
2019 (USD) 5,106,631 3,789,162 666,202 216,768 94,969 89,440 24,019 88,718 21,457 45,712 3,563
2020 (USD) 8,046,396 6,455,126 671,924 176,849 144,287 135,714 52,411 39,084 35,135 21,444 6,647
HS 820540 Screwdrivers and partsparts Rank 1 2 3 4 5 6 7 8 9 10
Country World China Japan Germany Hong Kong USA Czech Rep. France Switzerland Thailand UK
2018 (kg) 557,684 510,044 21,166 7,078 2,708 734 7,940 579 1,787 92 84
2019 (kg) 764,088 730,760 18,485 4,845 1,685 752 1,569 958 275 157 149
2020 (kg) 1,298,648 1,227,261 14,447 4,457 3,592 3,074 2,391 1,351 228 125 124
Country World China Japan Germany USA Czech Rep. Hong Kong UK France Switzerland Italy
Hardware & Fastener Components - no.51/2021
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts
105
Special Feature >>
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools Rank
Hardware & Fastener Components - no.51/2021
1 2 3 4 5 6 7 8 9 10
106
Country World China Vietnam Germany Japan USA S. Korea India Switzerland UK Italy
Export Rank 1 2 3 4 5 6 7 8 9 10
2018 (kg) 1,421,936 704,785 368,465 256,872 45,441 20,808 2,973 549 999 1,097 884
2019 (kg) 2,029,391 1,093,010 596,749 260,192 38,111 11,502 2,736 613 825 1,136 1,411
2020 (kg) 2,233,541 1,513,624 339,346 312,588 32,780 11,293 2,870 1,552 797 727 614
Country World China Germany Japan Vietnam USA S. Korea Canada UK Switzerland Italy
2018 (USD) 20,956,676 4,106,266 3,521,441 4,600,001 2,517,245 2,904,829 395,214 285,057 728,588 437,348 134,174
2019 (USD) 23,075,879 6,041,102 3,517,039 3,851,869 3,992,600 2,408,689 448,113 339,262 560,781 398,124 195,160
2020 (USD) 22,954,634 7,325,277 4,230,601 3,959,170 2,181,195 1,752,687 870,912 573,640 554,517 462,627 96,068
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts
Country 2018 (kg) World 14,673,406 USA 3,952,202 China 723,049 Germany 898,042 Japan 768,833 Netherlands 574,981 France 807,071 UK 602,357 Indonesia 459,095 Sweden 454,026 Australia 333,346
2019 (kg) 15,032,617 5,291,418 473,276 817,090 807,050 625,580 785,757 576,379 504,109 394,546 278,943
2020 (kg) 14,763,540 4,605,803 2,405,748 767,660 700,274 558,380 539,039 377,508 353,268 292,544 281,174
Country World USA Germany China Japan France Netherlands UK Australia Sweden Italy
2018 (USD) 179,580,353 47,057,301 15,975,414 7,251,709 11,455,954 15,056,636 9,185,721 7,867,879 4,643,032 5757516 4,837,602
2019 (USD) 186,105,470 64,662,862 15,092,697 4,073,735 11,948,045 13,663,908 10,024,578 7,086,187 3,938,622 4,645,886 4,619,430
2020 (USD) 173,069,793 59,771,918 14,994,335 10,672,076 10,182,505 10,120,057 10,000,899 5,437,065 4,004,516 3,647,165 3,528,735
Special Feature >>
HS 820412 Adjustable hand-operated spanners, wrenches, and parts
1 2 3 4 5 6 7 8 9 10
Country World USA China Vietnam Germany Japan Netherlands Australia Canada Russia France
2018 (kg) 9,234,960 2,947,740 590,026 775,650 392,033 472,058 179,896 398,212 217,083 214,901 465,540
2019 (kg) 9,223,260 3,121,081 509,007 709,553 486,937 475,235 230,962 335,414 213,462 237,846 449,034
2020 (kg) 8,932,135 3,315,140 754,102 573,307 479,448 443,262 330,708 315,081 257,694 226,559 210,330
Country World USA China Japan Germany Australia France Netherlands Canada Russia UK
2018 (USD) 93,739,106 26,683,301 6,738,730 5,857,210 6,089,032 4,380,698 7,246,787 1,988,831 2,718,310 2,396,626 1,517,116
2019 (USD) 100,075,075 30,767,990 6,549,246 5,842,111 5,997,168 4,302,315 7,012,709 2,714,709 2,790,698 2,685,565 2,829,477
2020 (USD) 101,588,744 36,629,618 8,576,650 5,438,826 5,196,553 4,523,387 3,686,622 3,625,370 3,266,845 3,052,825 2,845,432
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank 1 2 3 4 5 6 7 8 9 10
Country World USA China Germany Netherlands Australia Russia Vietnam France Japan UK
2018 (kg) 57,901,272 20,174,356 13,097,826 2,063,996 2,091,818 1,331,171 1,187,295 275,130 1,676,404 870,043 954,518
2019 (kg) 56,522,021 23,022,154 10,103,879 2,397,391 2,043,449 1,284,137 1,531,238 606,025 1,199,779 748,089 704,144
2020 (kg) 55,379,538 23,522,946 12,452,499 2,443,601 1,837,711 1,374,714 1,046,457 898,966 766,647 699,902 622,480
Country World USA China Germany Netehrlands Australia Japan Russia France UK Sweden
2018 (USD) 2019 (USD) 2020 (USD) 357,629,401 364,342,036 343,164,995 125,616,247 14 8,561,113 158,119,368 47,819,184 42,200,364 41,663,990 17,974,635 19,146,291 18,323,675 16,352,581 15,931,250 14,995,678 11,778,718 10,839,634 10,896,760 8,420,625 7,532,597 8,079,730 8,843,360 11,460,064 7,721,972 14,797,274 11,014,062 6,651,307 7,817,564 5,997,676 5,295,612 9,079,688 8,143,159 5,142,954
Hardware & Fastener Components - no.51/2021
Rank
107
Special Feature >>
HS 820540 Screwdrivers and parts Rank 1 2 3 4 5 6 7 8 9 10
Country World USA Australia China Japan Germany UK Italy Russia Sweden Vietnam
2018 (kg) 6,389,925 2,572,473 289,137 289,156 176,333 258,419 196,976 159,253 220,571 176,799 77,198
2019 (kg) 6,597,517 2,949,669 270,066 267,986 239,909 312,402 213,612 190,397 148,525 191,043 81,454
2020 (kg) 6,327,403 3,368,908 313,026 308,487 221,135 216,408 142,932 124,173 116,413 108,665 102,700
Country World USA China Japan Germany Australia UK Italy Russia Sweden Netherlands
2018 (USD) 72,799,357 30,388,662 3,561,822 2,604,351 2,601,536 2,199,271 2,325,805 2,139,434 2,996,327 1,876,988 1,994,296
2019 (USD) 76,171,000 36,641,441 3,184,021 3,262,164 3,028,044 2,071,885 2,680,991 2,514,548 1,771,915 1,952,347 1,738,698
2020 (USD) 78,373,166 44,555,873 3,448,303 3,179,571 2,660,955 2,240,672 1,944,490 1,592,586 1,356,273 1,333,845 1,196,110
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Hardware & Fastener Components - no.51/2021
Rank
108
1 2 3 4 5 6 7 8 9 10
Country World USA China Vietnam Germany Canada Slovenia Russia Sweden Spain UK
2018 (kg) 7,123,292 1,817,152 1,280,304 202,128 754,128 402,430 291,255 167,488 224,880 297,697 73,941
2019 (kg) 8,547,975 2,367,803 1,619,938 430,596 777,577 421,231 384,287 246,920 270,475 322,365 130,027
2020 (kg) 9,114,665 2,913,691 1,580,714 886,050 758,430 364,344 313,906 271,267 198,165 184,936 112,905
Country World USA China Germany Vietnam Canada Russia Sweden Slovenia Thailand Japan
2018 (USD) 91,348,214 24,336,724 11,263,802 9,923,566 4,092,475 4,788,097 1,677,847 3,755,617 2,112,730 2,428,376 2,417,931
2019 (USD) 102,961,472 32,902,922 11,484,786 9,983,822 2,937,798 5,090,848 2,893,063 3,702,923 3,253,225 2,541,946 2,583,682
2020 (USD) 104,561,139 37,891,625 11,978,332 10,158,866 6,226,338 4,251,137 3,558,478 2,370,422 2,227,895 1,891,046 1,833,751
Hardware & Fastener Components no.51/2021
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Year in Review >>
Fastener World Publications 惠達雜誌 | 2020年度精選回顧
2020 Year in Review
Fastener World Magazines Jan. Issue • Cover Story: Inside SACMA - The Smartly Integrated Plant
• USMCA, Good or Bad News for Automotive Fastener Suppliers?
• Rising Star Chris Chen Guides Pro Power to Continuous Success
• Revenue Performance of Top Taiwan Fastener Companies in 2019
• Fong Prean Industrial’s New “Magic Spiral” Head Design
• Taiwan Fastener Industry Before and After COVID-19
• Patented FMWT Automatic Sludge Discharging & Recycling Separator
Mar. Issue • Editorial: COVID Side Effects Continue to Distress the Whole World • COVID Impact on the Fastener Industry of Taiwan • Fastener Trade Statistics: USA/ Canada/Japan/Taiwan (2017-2019)
Hardware & Fastener Components - no.51/2021
• Value for Money in Fasteners - Mass Market vs Specials.
110
Jul. Issue
• Cover Story: Yuh Chyang Hardware Industrial, Master of Critical CNC Machining Technology
• Japanese Fastener Tech Trend: High-End, Migration & Industry 4.0 • Hsin Chang Hardware Industrial’s New Plant with Higher Lightweight Anchor Capacity
Sep. Issue • Taiwanese Fastener Business Successors’ Strategy Development
• Fastener Industry’s Reflections on VW’s Dieselgate Scandal • The Impact of COVID-19 on Taiwan Hand Tool Industry • Financial Report Analysis on Taiwan's Public Fastener Companies
• Courageous Taiwanese Fastener Corporate Manager - Super Cheng Industrial President Joe Cheng
Nov. Issue (Buyers’ Guide) • Interview with Global Fastener Association Presidents
May Issue • Up Against COVID-19, Taiwan Fasteners Can Help!
• Fastener Industry: Inspecting the Foundations Following COVID-19 • Vietnam’s Fastener Industry Development and Impact of EUVietnam Free Trade Agreement
• Besieged Between Trade War & COVID, Global Automakers in 2020
• Analysis of Car Production & Sales in Indonesia in 2020
• EU/China Fastener Trade Statistics
• Cover Story: Sheng Long, Trailblazer in Special Punch Development
• Dr. Fastener- Electric Vehicle • Award-winning Automotive Fasteners by JINGFONG INDUSTRY
Year in Review >>
China Fastener World Magazine Feb. Issue
Jun. Issue
• Grand Metal Manufactory Rolls Out Clinching/Welding Fasteners
• South Africa's Fastener Safeguard Measure Investigation over Germany, USA, and China
• Quick Glance at EU’s Fastener Import and Export with China • How E-commerce Platforms Shapes Fastener Marketing in China • Cover Story: Hisener, One of the World’s Largest Fastener Suppliers
• On Construction Fastener Market • China's Fastener Trade Value Analysis • China's Car Production and Sales (2019 to Feb. 2020)
• EU Car Production/Sales Amid COVID-19
• San Yung Electric Heat Machine’s Aluminum Alloy Treatment Furnace • Jingle-Tech Fasteners: One-stop Fastener Manufacturer & Trader
• High Valued-added Fasteners for Medical Applications
Hardware & Fastener Components
• Smart Fastener Manufacturing
• Jiaxing Goodway Relocating to New Office
Feb. Issue
Aug. Issue
• Annual Financial Reports of Hand Tool & Tooling Companies
• The Impact of COVID-19 on Taiwan Hand Tool Industry
• 2019 EU Fastening Tools Import and Export Statistics
• Fastening Hand Tools Trade Statistics (2017-2019)
• U.S. Fastening Tools Trade with the World in 2019
• Market and Trade Analysis of Indian Hand Tools Industry
• Reddot Design & Taiwan Excellence Awards Winners
• Exploring Hand Tool Market: Lithuania, Estonia, and Latvia
• Ing-Hwei Implements Mfg. Releases Extra Long Double Flexible Wrench
• New Atoli Machinery Office Serves Direct Clients with Riveting Machines
Emerging Fastener Markets Aug. Issue • Cover Story: Fastener Cornerstone Firm & Steady Through Market Storm - Linkwell Industry
Fastener World Europe Special Edition 2019 Issue
• Rise of Integrated Fastener Service Provider - Industry Building Hardware
• Taiwanese Exhibitors at Fastener Fair Stuttgart 2019
• King Yuan Dar Rolls out 3 Latest Furnace Products
• Atlas Distribution Services - Tailoring Fulfillment & Supply Chain Solutions to Maximize Your Import Experience
• Yeu Chyuan Industrial: New A200-600 Series DIY Glue Gun with Dual Color Handle Design
**For more articles, please visit our digital magazine archives at www.fastener-world.com
Hardware & Fastener Components - no.51/2021
• Analysis of U.S. Fastener Trade with China in 2019
Oct. Issue
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