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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.
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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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Industry Focus >>
by James Hsiao
The Impacts of
COVID on Taiwan Auto Parts Industry and Its Strategies
How did the COVID Impact the Global Automotive Industry?
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While the whole world is concerning about how severely the Covid will impact the world economy, most economists around the world agree that the impacts on the global economy by the COVID are wider and deeper than they originally expected, as every economy in the world has suffered unprecedented impacts and the automotive component industry has been greatly impacted as well.
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Under the influence of the COVID, the global automotive industry faced exceptional crises in their production and the consumption market, including temporary shutdown of car factories, industrial supply chain disruption, new vehicle sales plunge, aftersales market freeze, unemployment & gloomy economic outlook, all of which significantly cut down on customers’ trust. After all these changes, will the gradually recovering global auto parts industry also bring Taiwanese auto parts industry to life? Where can the automotive industry survive? Will it lead to a transformation in the auto parts industry?
Development Overview of Taiwan Auto Parts Industry
肺炎疫情對台灣汽車零組件產業 的影響與因應策略 (b) Made in Taiwan and Sales Around the World Taiwanese auto parts industry has been supplying pro duct s to ca r m a nu fa ct u r i ng pla nt s i nvest e d by Japanese for long, so manufacturing equipment they use and the way they run their business are basically deeply influenced by Japan. Some leading car manufacturers even had the experience in OEM car production and selling products to the Middle East countries. Taiwanese auto parts manufacturers usually set up their R&D centers in Taiwan, due to the competitive edge of lead time, quality, and cost. For example, their rubber/plastic anti-collision components have been certified and tested; market shares of their bumpers, rear-view mirrors, and lamps are high in N. America and Europe; their motor and transmission components have entered the supply chains of well-known EV brands. Orders for high value-added products are processed in Taiwan and exported to the world. The production value of Taiwanese auto parts industry in 2020 was around 7.39 billion USD (90% generated from Taiwan, 8.9% from China, and 1.1% from ASEAN & other countries). Graph 1 shows the capacity deployment of Taiwanese auto parts manufacturers. Graph 1.
(a) Localized Marketing Through Chinese Operations Leading Taiwanese auto parts companies have not only tapped into the supply chains of local Chinese car manufacturers, but also have entered the Chinese automotive aftermarket through joint ventures with Chinese companies or establishing subsidiaries directly. With localized production and sales supported by domestically supplied raw materials and human resources, Taiwanese investors in China have formed several industry clusters alongside the coastal areas in Kunshan, Shanghai, Zhejiang, Guangzhou, and Xiamen. In 2020, the total revenue of these Taiwanese investors in China represented roughly less than 8.9% of the total production value of Taiwanese auto parts industry. Source: IEK (2021/06)
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Industry Focus >> Taiwanese Auto Parts are Mainly Sold to U.S. Aftermarket
The Position of Taiwanese Auto Parts Industry in 3 Major Regional Markets
Under the influence of the COVID in 2020, the value of the global auto parts market reached 1,446 bn USD, down 6.8% from 2019. China represented 380.3 bn USD (26.3%), Europe 367.3 bn USD (25.4%), the U.S. 347 bn USD (24.0%). All these three major markets represented 75.7% in total. China and Europe altogether represented 51.7%. Graph 2 shows the percentages of various auto parts markets in the world.
Main export destinations of Taiwanese auto parts in 2020 in sequence were USA (52.2%), Europe (23.7%), Japan (5.3%), China (3.9%), etc. About 8.9% of the total production value of Taiwanese auto parts in 2020 was generated by leading Taiwanese investors in China, who mainly supply the auto parts market and aftermarket for Chinese car brands and int’l car brands (e.g., VW, GM, etc.). Due to the influence of COVID, the export value of Taiwanese auto parts in 2020 was 5.31 bn USD, down 10.8% from 2019. Taiwanese auto parts manufacturers are dedicated to improving their production equipment and investing in smart manufacturing systems. Through positioning Taiwan as the R&D and production HQ as well as manufacturing various low-volume & high value-added parts in a more flexible way, Taiwanese companies can accept orders, manufacture, and sell products to the whole world.
Graph 2.
(a) U.S. Market
Source: IEK (2021/06)
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The production value of Taiwanese auto parts industry in 2020 was 7.39 bn USD. In addition to 0.79 bn USD worth of production supplied to the domestic Taiwanese market, the industry also had 89.3% of its total production (6.6 bn USD) exported to the world. The largest export destination for Taiwan was USA representing 3.86 bn USD (52.2%), followed by Europe representing 1.75 bn USD (23.7%) and China representing 0.29 bn USD (3.9%). Taiwan exports a diverse range of auto parts, most of which are plastic parts (incl. lamps, bumpers, rear-view mirrors, etc.), electric parts, braking systems, precision machined components such as wheels, gears, hubs, etc.). Graph 3 shows percentages of Taiwanese auto parts in worldwide markets.
(b) Chinese Markets Auto parts factories of Taiwanese investors in China are basically for production of engineered machining (e.g., gears and shafts), heat treatment, auto interiors/exteriors surface finishes (such as electroplating), plastic forming dies, clamps/ tooling. Most of these factories are located in the auto parts industry clusters in Shanghai, Kunshan, Suzhou, Dongguan, and Ningbo. Those auto parts they produce are supplied directly to Chinese or int’l car brands for their car assembly and aftermarket service.
(c) European and Other Markets There are lots of auto parts manufacturers in Europe and entering the market for outside competitors (including Taiwanese suppliers) is quite challenging. Taiwanese suppliers mainly export lamps, bumpers, body sheet metal, fenders, rear-view mirrors, etc. to European aftermarket. Taiwanese manufacturers mainly set up their warehouses in the Netherlands and Germany, while some others chose to collaborate with local partners to set up their JV factories. Taiwanese manufacturers are also reinforcing their footprints in the deployment of EV charging stations in Europe.
Graph 3.
Impacts of COVID on the Auto Parts Industry and Ways to React to Them (a) Upstream Supply End << Impacts >> Source: IEK (2021/06)
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Considering the vast territory and high wage level of the U.S., Taiwanese companies usually prefer setting up local warehouses to setting up factories directly. U.S. aftermarket is related to car ownership and accident rates. The more car ownership, the higher accident rate and higher demand for aftermarket service. Current U.S. car ownership reached 0.28 billion vehicles, which are the main market for aftermarket service. However, the market for aftermarket service can be also divided into the high (winter) and low (summer) seasons.
★ City lockdowns, people contracting the virus or sent to quarantine, disruption of logistics and auto parts supply.
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Industry Focus >> ★ As auto parts are usually processed in multiple stages (e.g., machining->heat treatment->grinding), the pandemic led to the discontinuation of parts manufacturing procedures. ★ Auto parts are involved in an international supply system, so the pandemic resulted in production and sales disruption across provinces, prefectures, or countries. << Ways to React to Them >> ★ Introduction of Just-in-Time and AI production equipment, reducing the demand for labor force. ★ Increasing stocks or diversifying the inventory locations of critical parts featuring high risks or low substitution possibility (e.g., safety parts). ★ Enhancing or simplifying manufacturing procedures of parts to shorten the industrial value chain. ★ Cultivating more suppliers of parts substitutes to disperse the risk.
(b) Downstream Consumption End << Impacts >> ★ Cars cannot be shipped out of the factories and sold until they are fully assembled with necessary parts. The pandemic discontinued the supply chain and influenced car sales and maintenance & repair.
a significant growth from 2020. With more vaccinations to help flatten the pandemic curve in 2021 and the implementation of economic stimulus plans in major countries, the value of global auto parts sales is expected to reach 1,533.6 bn USD, up 6.3% from 2020. Graph 4 shows the growth rate forecast of the global auto parts production value in 2021.
(b) Taiwanese Auto Parts Industrial Outlook Reshoring of Taiwanese manufacturers and introduction of automated equipment and production are favorable to beefing up the cost competitiveness. It is expected that in 2021 Taiwanese auto parts industry will embrace an increase in their overseas sales due to the easing pandemic curve and their full-year production value will be 221.45 bn NTD, up 5.1% from 2020. The reason for such a production value increase can be attributed to the significant increase in auto parts exports to the U.S., Europe, ASEAN, Japan, and China. On the other hand, the percentage of EV parts will also appear growth. Graph 5 shows the growth rate forecast of Taiwanese auto parts production value in 2021.
Graph 4.
★ The supply of critical parts featuring high risks or low substitution possibility was impeded or disrupted due to the need of multiple processing steps and supply across provinces, prefectures, or countries. The risk of supply was heightened. ★ Car production requires the seamless collaboration amongst auto assembly, whole vehicle testing and verification, shipment/sales/aftermarket, but the pandemic influenced every segment. << Ways to React to Them >>
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★ Cultivating the second upstream parts suppliers to avoid the risk in the supply system.
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★ Establishing the idea of Just-in-Case and dispersing parts inventory or logistics ways (for example, Toyota utilizes logistics trucks as movable warehouses) to reduce inventory space and achieve JIT supply.
Source: IEK (2021/06)
Graph 5.
★ The auto parts industry can introduce Block Chain and Industrial Internet of Things (IIoT) to get connected to the supply chain of production, sales, aftermarket and recycling.
Global and Taiwanese Auto Parts Industrial Outlooks in 2021 (a) Global Auto Parts Industrial Outlook Car ownerships in the U.S., Japan, and major European countries continue to rise, which can generate positive effects on the aftermarket. Emerging markets like China, India, Mexico, and ASEAN are also seeing a bigger aftermarket due to the growing post-COVID demand for auto parts. It is expected that in 2021 the economic growth rate of China will exceed 8%. While the governments are formulating policies to popularize the use of new-energy vehicles and establishing guidance to increase EV sales, the demand for critical EV parts will appear
Source: IEK (2021/06)
Industry Focus >> Future Development Strategies of the Auto Parts Industry (a) Upstream Supply End Utilizing digital tools and platforms to enhance the effectiveness of supply chain management.
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Using IIoT, Block Chain, Cloud Service and digital tools to reinforce transparency of supply chain operation and get a real-time understanding of changes in upstream/middle stream/downstream supply chain operation. Introducing JIT production and establishing AI production lines to reduce the demand for labor and improve production efficiency.
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Making the most of AI database to analyze and make decisions, achieving the AI-driven supply chain management.
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Conducting continuous analyses of market demand and raw material prices through the use of AI, Big Data, or other analyzing tools and cultivating the second upstream parts suppliers to reduce the uncertainty and risk of supply chain operation.
(b) Downstream Consumption End •
Utilizing digital tools and platforms to enhance service efficiency.
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Establishing the idea of Just-in-Case and dispersing parts inventory or logistics ways to reduce inventory space and achieve JIT supply.
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The auto parts industry should introduce Block Chain and IIoT to get connected to the supply chain of product planning, R&D, production, sales, aftermarket, and recycling.
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Making the most of AI database to analyze and make decisions, achieving the AI-driven supply chain management.
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Improving digital manufacturing to realize instant data collection and operation visualization of parts production lines; using AI to improve supply chain coordination, ensure auto parts quality, and increase capacity utilization.
(c) Government End For Taiwanese manufacturers
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Adjusting untimely tariffs on auto parts (such as lower-end stamped sheet metal or rubber/plastic interiors and exteriors), to help manufacturers cut down on manufacturing costs, increase price competitiveness, and reduce too much reliance upon imports from Japan, China, etc. Helping manufacturers transform their business to avoid industrial competition and set foot on niche products, such as critical EV parts.
For int’l community
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Helping manufacturers apply for int’l certification (such as auto-pilot vehicles or Internet of Vehicles) to win over opportunities to collaborate with int’l car brands. Increasing manufacturers’ brand awareness in int’l community through helps of governmental institutions functioning abroad (such as attending trade or business matchmaking events) and expanding sales to emerging markets (e.g., ASEAN, Central/ E. Europe, the Middle East, Central/S. America). Signing investment & trade protection protocols to help companies accelerate their business deployment.
Recap Due to the COVID pandemic, the global auto parts consumption market in 2020 reached 1,446 bn USD, down 6.8% from 2019. Main consumption markets included the U.S., China, Europe, Japan, etc. It is forecast that due to the flattened pandemic curve in major countries and economic stimulus plans of certain countries to boost consumption, the global auto parts market in 2021 will reach 1,536.6 bn USD, up 6.3% from 2020. In Taiwan, with the easing pandemic curve, recovering orders, and growing market demand, its auto parts production value is also forecast to reach 221.5 bn NTD, up 5.1% from 2020. Over 90% capacity of Taiwanese auto parts industry is deployed in Taiwan and mainly for exports to the U.S., Europe, Japan, and China as well as the domestic market for car assembly and aftermarket. 8.9% of its capacity deployed in China is mainly for supplying Chinese brands and aftermarket. In 2020 the value of Taiwanese auto parts export reached 5.31 bn USD, down 10.8% from 2019. Main export destinations were the U.S. (52.2%), Japan (5.3%), China (3.9%), and Germany (3.0%). The current position of Taiwanese auto parts in the global market can be attributed to their JIT supply, stable product quality, competitive costs, and the supply of superior quality and certified rubber/plastic parts and engineered machined parts to customers. The market share of Taiwanese auto parts is very high in the aftermarket of N. America, Europe, and Japan. Taiwanese auto parts manufacturers are also actively expanding their business to emerging countries like ASEAN, Mexico, and the Middle East countries. The major COVID-related impacts on Taiwanese auto parts industry are the value reduction of its export to the U.S., Europe and Japan, caused by the pandemic, logistics disruption, container shortage, and dollar depreciation. The future development strategies of Taiwanese auto parts industry should be: Upstream suppliers improve their manufacturing procedures and extend their reach to EV auto parts. In the downstream consumption end, the supply chain risk management mechanism should be established and participation in the eco-system of the int’l supply chain is also important. It is suggested that Taiwanese Government should reduce the tariffs on lower value-added auto parts (such as lower-end stamped sheet metal or rubber/plastic interiors and exteriors), encourage companies to introduce AI production equipment in order to reduce manufacturing costs and increase price competitiveness, guide companies to transform their business to avert industrial competition and extend their reach to niche products (e.g., critical EV auto parts, charging stations, etc.).
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Company Focus >>
五金、手工具與各業界的關鍵基石
磁通磁性科技股份有限公司
Magtech Magnetic Products Corp.
RoHS & ISO-9001 & TÜV Certified
Cornerstone for Hardware & Hand Tool Industries by Dean Tseng, Fastener World With 29 years of history, Magtech specializes in various permanent magnets, magnetic applied tools, magnetic holders, magnetic rollers, magnetic bars, magnetic plates, etc. In line with the New Southbound Strategy of Taiwan, Magtech has built the overseas bases in India (Mumbai and New Delhi), Indonesia (Jakarta), and Malaysia (Kuala Lumpur), where the company has local project managers who can provide the latest market intelligence and communicate with potential buyers in local languages to get closer to them. The contacting office in Japan has Japanese staff promoting all kinds of magnets and magnetic health care products and is successfully boosting sales.
Service Upgrade with Product Demo Room Launched in the Tamsui Plant
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A dedicated demo room was arranged for clients to find the magnetic products that suit them the best. The room displays magnets, magnetic applied tools, and magnetic health care products. Any clients with or without a design concept or idea in mind can come to the room to know the various types of magnets. Samples are available for sales on the spot. The room utilizes both the functions of display and education.
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Working in Tandem with Hardware & Hand Tool Industries The company can provide standard and customized magnetic holders, screws, hooks, bars, plates, devices and magnetic separators. Furthermore, it collaborates with other industries and, as an example, has helped a client refine a stainless steel bearing component. Its staff dismantled the client’s sample, offered a n i m p r ove d d e s i g n , and then assembled the magnet and outer casing into the final product, diving into every manufacturing process and providing complete technical support.
The Industry’s One and Only “Magnetism Shopping Mall Taiwan (MSMT)” Manifesting Online Retail of Magnetic Products “Magnetism Shopping Mall Taiwan” was the first online retail site established early in November 2010 to offer clients the convenience of purchasing a small amount of magnetic products to test them. The MSMT contains a purchase interface and payment system which are on par with TV shopping channels. The products on display are complete in specification and type and are readily available even for singleitem purchase. Quite a few major clients start their purchase with the samples displayed in the MSMT and then place batch orders after a successful test. Now they are loyal and long-time clients. MSMT has gone a long way for Magtech’s sales. The MSMT is now open for Taiwanese customers including anyone in the hardware and hand tool industries as well as on health care products. They can also leave a message online to purchase products with sizes that are not listed. Overseas customers can place orders and purchase directly via the following website: www.magnetsretail.com.tw
A Critical Pillar Supporting Various Industries The company has taken measures against COVID in the last two years. It communicates with clients and solves their problems via telecommunication apps and videoconferencing software to keep operating the business. Magnets will be indispensable for the future world going for less carbon and even going carbon-free. Electric vehicles and public transport are much related to the application of magnets. Magtech speeds up the progress of digitization and hopes to provide clients with faster and more convenient service.
Unique Know-how for High-hurdle Market “India is known as the hardest place to promote overseas products, but now it is our primary market,” said the company. This is achieved through an integrated effort of our expertise, patience, sincerity and know-how rather than price advantage. “First, doing business begins with understanding the culture, so we are an active member of Taiwan India Business Association and attend its seminars and member meetings. Next, be patient and don’t give up easily. Someday you will reap what you have sown.”
Contact: Ms. Rosalin Chou
Email: export@magtech.com.tw
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Stamped Parts & Industrial Assembly Hardware >> 寧波欣遠鈞固實業 - 一站式工業、建築高端零件製造服務
Jingle-Tech Fasteners-
One-stop High-end Industrial and Construction Parts Manufacturing Service by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
With a consolidated presence for nearly 15 years in the international market, Jingle-Tech Fasteners Co., Ltd., well-known for its excellent product processing technology and well-experienced technicians, continues to supply screws, bolts, nuts, washers, anchors, and assorted parts for construction applications made of carbon steel, stainless steel, alloy steel, brass, and nylon to domestic and overseas clients from medium to high end industrial and construction markets. As its products feature stable & high quality and highly competitive price range, lead time, and customer service, Jingle-Tech has been trusted and recognized by clients in Europe and America. In 2020 it also reported an outstanding sales result of around US$ 10 million.
One-stop Service Creating Cost Advantages for Clients In response to various clients’ demands for bulk orders or low-volume-and-diverse items, Jingle-Tech not only has its own factory, but also collaborates with several associate factories that can provide intime support to it. As a result, its professional sales and technical teams can help create the best balance point for clients at all times without sacrificing product and service quality. On the other hand, its clients can have their demands for diverse products fully satisfied by contacting only one supplier, which is quite efficient in all aspects and allows them to get more cost advantages in the face of external competition.
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“Our collaboration with clients are based on the long-term and rock-solid trust between each other. Plus, as we are also a member of a domestic hardware association, we are able to get access to more complementary partners in the industry, enabling us to handle every client’s demand in the most appropriate way. It’s no problem to us to process tens of containers per month!”, said General Manager Candy Wang.
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Dedicated to Medium to High End Markets Expansion and Transformation are Already Underway Products of Jingle-Tech are of high quality and its manufacturing procedures are also compliant with IFI, DIN, BS, ISO, JIS, and AS standards, so Jingle-Tech can always maintain a quite high market share in European and American medium to high end markets. The European market particularly represents more than 60% of its total sales. Clients’ orders from other markets like USA, Mexico, Brazil, and countries in S. America are also received regularly. Talking of the benefits brought by market recovery this year, General Manager Wang said, “Our capacity has been fully booked through next year. Accordingly, I expect our 2021 full-year sales result to perform well and land on the mark of US$ 15 million.” In addition to manufacturing industrial and construction parts, Jingle-Tech has been also dedicated to the expansion and transformation of its current product portfolio in recent years, and has extended its reach to CNC machined parts, welded parts, non-standard industrial parts, safety products, etc. Wang added, “Our team excels at R&D very much! We can not only develop new products on our own, but also can provide clients’ drawings with the most professional suggestions and national inspection reports. We’ve been certified by ISO 9001 and CE and also considering applying for IATF 16949 and ETA in the future.” Wang noted, “Going toward the development of more advanced parts is quite challenging, but is the best approach to demonstrating our team’s strength instead. I highly anticipate that Jingle-Tech will continue to strengthen its reach to the international market and promote the value of products and brands for more industrial clients.”
Contact: General Manager Candy Wang Email: sales@jinglecorp.com
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自主模具開發 延昌跨足
Stamped Parts & Industrial Assembly Hardware >>
Independent Die Development Capability YEN CHANG Shines Bright with CNC Machining Service by Gang Hao Chang, Vice Editor-in-Chief of Fastener World
展鋒芒
Yen Chang Hardware Hooks & Spring Factory is specialized in production of hardware and stamped parts made of stainless steel, aluminum, and copper…etc. In recent years it has extended its footprints to the field of CNC machined parts with higher precision. Being fully compliant with the requirements of ISO 9001:2015, products of Yen Chang have been successfully applied to automotive/motorbike components, precision fixture & tooling parts for hi-tech industries, metallic fixture accessories for solar panels, electronics parts, metallic parts for biotech industries, fastener hook components, camping hardware, fishing hardware, hardware for daily use, and many other customized products. In order to satisfy customers’ demands for different volumes and adapt to the complexity of on-site machining, Yen Chang has sequentially introduced CNC spring former, multi-slide forming machine, servo press, C-frame crank press, servo bending machines, etc. For years, the high product quality, efficient CNC service, and professional team of Yen Chang have become a common view in its global customers’ minds and the best proof of its reckless efforts to help customers create their own brand value. “Our facilities, including CNC or traditional milling machines, were mainly purchased from Japan. These facilities a re of high precision, so errors can be avoided. Our professional technical team also has capabilities for independent die development and R&D in automated manufacturing procedures, which can greatly reduce the outsourced processing cost and enhance delivery efficiency. In addition, with 30-40 years of close ties with our associate factories, Yen Chang’s ultimate goal is to fulfil our social responsibility for establishing mutual growth with our factory partners and customers,” says Sales & Purchasing Manager Kiwi Cheng.
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Speaking of the current situations of surging global market demand and insufficient material supply, Cheng added, “We’re always dedicated to playing a key role in reminding our customers of keeping their eyes on material price fluctuations and possible shipment delay, and offer them suitable inventory suggestions to avoid the risk of disrupted supply.”
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“A good sword takes the blacksmith ten years to grind.” However, it took more than 30 years for Yen Chang to make its sword shine even brighter. Over the past 3 decades Yen Chang never stopped facility renovation and technique improvement. With the advent of more challenges, Yen Chang will not exclude any possibility of developing more products and set any limit on its service range, as it hopes to get away from the traditional framework and grow together with customers.
Contact: Kiwi Cheng, Sales & Purchasing Manager
Email: yenchang201@gmail.com
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Stamped Parts & Industrial Assembly Hardware >> 金欣全精密 - 硬底子的CNC技術行家
JIN SHIN CHYUAN INDUSTRY The Irreplaceable Great Hand at CNC Machining by Gang Hao Chang, Vice Editor-in-Chief of Fastener World “The most difficult blueprint makes all turn away but Jin Shin Chyuan!” This is the first impression Jin Shin Chyuan Industry Co., Ltd. has made on many Taiwanese and overseas customers in the past 4 decades and is also the best description to portray the CNC machining technique and service of Jin Shin Chyuan that fully satisfy customers demands at all times.
Swiss-type CNC Auto Lathes - No Secondary Processing is Required Jin Shin Chyuan adopts a lot of complex and reliable CNC lathes that can complete machining, milling, and boring without secondary processing (Po Ly Gim, for example). Such an advantage enables it to achieve higher part precision, more efficient processing, and quicker lead time than those of its industry peers still adopting outdated manufacturing procedures. Moreover, due to the fact that Swiss-type CNC auto lathes can complete forming through surface finishes and that all facilities are operated by professional technicians, Jin Shin Chyuan can continue to take on difficult challenges including processing products in special materials or of different angles. Its technique enables it to process various parts in 2.5-42mm diameters and a single workpiece of up to 180mm. Adhering to the principle of “making the quality right at the very start and meeting customers’ requests,” Jin Shin Chyuan has successfully extended its reach to Europe, USA, Australia, and many other developed markets and gained a consolidated presence. In addition to customers from the general metallic part industry, it has even become the designated supplier of many customers from the high-end automotive precision parts industry. “The reason that we can be continuously trusted by global industrial customers should be attributed to the experience our team has accumulated for long and our patience and perseverance to overcome difficulties and challenges. We’ll spare no effort to satisfy customers’ demands for product quality and precision and maintain stable quality and competitive edge of our products,” said Jin Shin Chyaun.
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Our 100% Yield is Different from Yours!
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Besides leading processing technique, another reason that helped generate so much high customer loyalty to Jin Shin Chyuan should definitely be attributed to its attitude of seeking perfect quality and making no compromise. In order to satisfy a customer’s demand for quality, its founder, Mr. Huang, once had a single part machined for over 40 times, which later earned the appreciation of the customer saying “I’ve never seen a supplier, who’s working so hard!” To other industry peers, “100%” may denote the yield rate of a factory. However, to Jin Shin Chyuan, it denotes the percentage of high-quality CNC parts dropping out of machines. Based on the principle of perfect quality control, Jin Shin Chyuan particularly values the purchase of superior quality materials, facility renovation, and personnel technical training. Its ever-improving strict manufacturing procedure has also earned itself the recognition of ISO 9001.
Others Can’t Do It, Jin Shin Chyuan Can. To be good at manufacturing CNC machined products oftentimes requires several years of experience. Jin Shin Chyuan owns a diverse range of first-rate facilities, allowing it to process orders in bulk, and has 40+ years’ experience in CNC machining. As a result, it can always remain calm in the face of challenging demands for part machining to complete every customer’s task. Jin Shin Chyuan said, “We’ve never set any limit on our capabilities and service range and are pleased to take on new challenges. Through our irreplaceable technique and experience, hopefully, we can help our customers create the best competing condition on the world stage.”
Contact: Jam Huang
E-mail: jam@jinsc.com.tw
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Industry Focus >> 全球五金手工具大廠財報
Financial Reports of Hand Tool & Hardware Companies Compiled by Fastener World Updated on June 11, 2021
Monetary unit in millions
Taiwan
(TWD)
Financial Year
Revenue
Operating profit
Pre-tax Profit
Net Profit
2020
2,866.192
64.002
60.142
85.187
2019
2,804.809
164.910
170.702
201.666
Change (%)
+2.1
-61.1
-64.7
-57.7
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U.S.A
6,428.761 vs. 5,908.594
(USD)
Financial Year
Net Sales
Operating Income
Pre-tax Income
Net Income
2020
1,267.945
252.363
249.564
187.000
2019
1,136.539
181.254
178,357
133.982
Change (%)
+11.5
+39.2
+39.9
+40.0
2020
3,592.5
880.5
835.2
627.0
2019
3,730.0
962.3
922.1
693.5
Change (%)
-3.6
-8.5
-9.4
-9.5
2020
11,797
1,019
947
695
2019
11,486
1,262
1,209
849
Change (%)
+2.7
-19.2
-21.6
-18.1
2020
12,574
2,882
2,704
2,109
2019
14,109
3,402
3,288
2,521
Change (%)
-10.8
-15.2
-17.7
-16.3
2020 vs. 2019 Total Assets 1,232.569 vs. 1,095.366 627.0 vs. 5,693.5 6,295 vs. 6,005 15,612 vs. 15,068
Europe
(EUR)
(USD)
066
2020 vs. 2019 Total Assets
Financial Year
Revenue
Operating Profit
Pre-tax Profit
Net Profit
2020
71,494
22,548
1,505
316
2019
77,721
24,485
3,256
1,591
Change (%)
-8.0
-7.9
-53.7
-80.1
2020
4,910.2
85.7
-19.4
-33.3
2019
2,451.9
275.3
190.9
159.1
Change (%)
+100.2
-68.8
Not Available
2020 vs. 2019 Total Assets 91,369 vs. 87,861
16,058.6 vs. 4,628.4
Industry Focus >> Monetary unit in millions
Europe
(CHF)
Net Profit
18,825
14,783
21,572
16,543
-12.7
-10.6
398.7
392.5
343.4
3,152.9
424.5
476.2
426.8
-8.9
-6.0
-17.5
-19.5
Revenue
2020
99,787
2019
103,756
Change (%)
-3.8
2020
2,872.2
2019 Change (%)
Not Available
Japan
2020 vs. 2019 Total Assets 113,366 vs. 111,722 4,086.3 vs. 3,954.4
(JPN)
Financial Year
Revenue
Operating Profit
Ordinary Profit
Net Profit
2021
5,294
1,055
1,072
729
2020
6,773
1,772
1,754
1,193
Change (%)
-21.8
- 40.4
- 38.8
-38.9
2022 Prospect
5,969
1,085
1,097
762
Change (%)
+ 12.7
+ 2.8
+ 2.3
+4.4
2021
7,320
491
506
340
2020
8,256
666
699
582
Change (%)
-11.3
-26.3
-27.6
-41.5
2022 Prospect
8,400
740
750
530
Change (%)
+14.7
+50.6
+48.0
+55.5
2021
5,307
263
300
186
2020
5,673
237
190
46
Change (%)
- 6.5
+ 10.9
+ 57.5
+ 296.1
2022 Prospect
5,480
260
220
130
Change (%)
+ 3.3
-1.4
- 26.8
- 30.1
2021
608,331
88,464
62.684
62,018
2020
492,617
64,046
48.051
47,731
Change (%)
+23.5
+38.1
+30.5
+29.9
2022 Prospect
610,000
83,000
Change (%)
+0.3
-6.2
2021
8,100
1,512
1,712
1,214
2020
9,531
2,219
2,231
1,545
Change (%)
-15.0
- 31.8
- 23.3
-21.4
2022 Prospect
8,740
1,770 1
1,780
1,210
Change (%)
+ 7.9
+ 17.0
+ 3.9
- 0.4
2021
32,462
1,613
1,676
477
2020
35,348
835
712
-3,485
Change (%)
-8.1
+93.1
+135.3
Not Available
2022 Prospect
36,500
2,200
2,150
1,450
Change (%)
+12.4
+36.4
+28.2
+203.5
Not Available
59,000
2021 vs. 2020 Total Assets
7,491 vs. 7,145
13,515 vs. 13,413
8,336 vs. 8,007
82,878 vs. 674,564
-4.9
16,936 vs. 16,017
24,702 vs. 25,576
Hardware & Fastener Components - no.52/2021
(SEK)
Operating Profit
Pre-Tax Profit
Financial Year
067
Special Feature >>
Reddot & iF Design
Award Winners for 2021 2021 Reddot設計獎與iF Design大獎得主 compiled by Fastener World
Arrowmax SES PRO Smart Motion Control Electric Screwdriver The Arrowmax SES PRO is an electric screwdriver with smart motion control. It is equipped with a powerful lithium-ion battery, a 32 bit microprocessor and a three-axis gyroscope. The unit is controlled via a single button and a seamlessly integrated OLED display, which can be used to preset the torsional force and speed in steps. Most 3D products, computers, four-axis unmanned machines, glasses, watches, toys, models, etc. can be installed and removed with the screwdriver.
Hardware & Fastener Components - no.52/2021
The Arrowmax SES PRO successfully integrates an electric drive and a digital user interface for more efficient screwdriving.
068
Manufacturer: Freemax Technology Co., Ltd., Hong Kong
SYSTEM 5000-3 CT Torque Wrench Series The third generation of the HAZET torque wrench series comprises 10 wrenches with integrated reversible ratchets in sizes 6.3 mm (1/4”), 10 mm (3/8”), 12.5 mm (1/2”), and 20 mm (3/4”) for a measuring range from 1 to 800 Nm. This new series features a large torque range combined with high precision and practical advantages in a functional, user-oriented design – Made in Germany. The triangular shape of the blue rotary assembly prevents the wrenches from rolling away from the user. The new latching mechanism on the handle guarantees a secure setting, while the laser inscription on the scale ensures permanent readability of the torque values. Manufacturer: HAZET-Werk, Remscheid, Germany
Special Feature >> Hikoki 12V Peak Series Lightweight Power Tool The electric power tool industry’s focus on carpenters has resulted in many large, heavy, overpowered tools that are not ideal for electrical construction and facilities construction workers. Often working at jobsites with narrow spaces, these workers need power tools that are lightweight and easy to handle. The 12vPEAK battery positions the designer to offer lightweight downsized power tools capable of high performance. In short, this is a series of tools that are compact and deliver outstanding performance. These power tools allow workers to be even more efficient in delivering high-quality work. Manufacturer: Koki Holdings Co., Ltd., Japan
SF 4-A22 / Cordless Drill Driver SF 4-A22 is a cordless drill driver, built for professional craftspeople who take pride in achieving precise results. The same ergonomics-led design unites all levels of the SF tool family, with legible adjustments to express the different engineering within each power class. The tool has been designed to bala nce the power output required for high productivity with the ergonomics needed for exact, comfortable handling. A well-balanced, contoured body sits firmly in the hand. This improves handling precision, while a stepless trigger means power can be intuitively adjusted to prevent damage to the base material from excessive torque.
GARANT 65 5010 HCT Digital Wireless Torque Wrench The new electronic GARANT HCT-wrench lets users control not only the force but also the angle of rotation when tightening a screw. The tool supports screw tightening with repeatable, precise movements and even relays visual, haptic, and acoustic feedback when the screw is secure. The wrenches can be programmed to accommodate various workflows and all recorded measurements can be filed digitally, even wirelessly with the HCT-app. The large, customizable display shows detailed real-time information about the screwing process.
Hardware & Fastener Components - no.52/2021
Manufacturer: Hilti Corporation
Manufacturer: Hoffmann SE
069
五金產業
Hardware World News
compiled by Fastener World
新聞 World Steel Association Predicts Global Steel Demand to Grow 5.8%
Industry Development Q4 Steel Prices in Taiwan May Climb Due to Insufficient and Tightened Steel Supply 鋼料供給續吃緊 台灣第4季鋼價有撐 After Taiwan’s China Steel Corp. (Taiwan CSC) adjusted the Q3 prices of its steel products up by 4.1% on average, many industry analysts forecast that its Q4 prices may continue to follow the growing trend in the international market.
Hardware & Fastener Components - no.52/2021
Such a forecast is based on the reasons like: Russia announced a 3-month long and more than 15% provisional export taxes on metals including steel, aluminum, nickel, and copper; Chinese Government imposed certain measures to restrict exports of steel products; the reduction in steel manufacturing of Indian steel plants will continue through this September; many major steel plants in China, S. Korea, and Asia have announced plans for annual repairs or a temporary halt of production. All of these factors will surely lead to a more tightened steel supply in the global market already suffering insufficient steel supply.
070
Con sider i ng t he conti nuously g rowi ng ma rket dema nd a nd i n order to reduce the possible impacts on the supply to downstream manufacturers, Taiwan CSC has announced to postpone its annual repairs schedule to April 2022 (though small-scale annual repairs will still be carried out). In addition, as the current steel prices by Taiwan CSC remain comparatively lower than the general int’l market prices, some market analysts forecast that the steel prices of Taiwan CSC are very likely to appear another wave of price increase in the upcoming August.
世界鋼鐵協會預測全球鋼材需求增加5.8% World Steel Association (WSA) predicts that the global steel demand will increase by 5.8% to 1.874 billion tons in 2021 and go up 2.7% to 1.924 billion tons in 2022. Vaccinations in many countries worldwide have helped slow down the pandemic. Although some economic measures imposed by certain countries have taken effect, advanced countries are still expected to spend several years to recover to the pre-pandemic level. On China alone, its local steel demand is expected to increase by 3% to 1.024 billion tons in 2021 and go up 1% to 1.035 billion tons in 2022. The effect of local market stimulus is waning, so the growth margin is on a downward trend. On the other hand, the steel demand in advanced countries is expected to increase by 8.2% to 371 million tons in 2021 and go up 4.2% to 386 million tons in 2022.
Certain Chinese Steel Fasteners Subject to Import Registration in the EU Since June 17 中國輸歐盟鋼鐵扣件06/17日起實施進口登記 The customs authorities of all EU member states are hereby directed, under Article 14(5) of Regulation (EU) 2016/1036, to take the appropriate steps to register imports of certain fasteners of iron or steel, other than of stainless steel, i.e. wood screws (excluding coach screws), self-tapping screws, other screws and bolts with heads (whether or not with their nuts or washers, but excluding screws and bolts for fixing railway track construction material), and washers, so that measures may be applied against those impor ts retroactively from the date of such registration, provided all conditions set out in the basic Regulation are met. These products are cur rently falling under CN codes 7318 12 90, 7318 14 91, 7318 14 99, 7318 15 58, 7318 15 68, 7318 15 82, 7318 15 88, ex 7318 15 95 (TARIC codes 7318 15 95 19 and 7318 15 95 89), ex 7318 21 00 (TARIC codes 7318 21 00 31, 7318 21 00 39, 7318 21 00 95 and 7318 21 00 98) and ex 7318 22 00 (TARIC codes 7318 22 00 31, 7318 22 00 39, 7318 22 00 95 and 7318 22 00 98) and are originating in the People’s Republic of China. Registration shall expire nine months following the date of entry into force of this Regulation. All interested parties are invited to make their views known in writing, to provide supporting evidence or to request to be heard within 21 days from the date of publication of this Regulation. This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
45
23
23
25
45 25
8-
00
5 45
8-
00
48
48
5 45
48
8-
00
4
8-
00
8-
48
00
8-
00
4
4
63
4
63
64
7-
00
64
7-
00
1
1
Hardware & Fastener Components no.52/2021
071
Hardware World News >> Russia Imposes 15% Provisional Export Tariffs on Certain Metals 俄羅斯對金屬原料課徵15%臨時出口稅 The Government of Russian Federation has recently imposed the export tariffs of at least 15% each on steel, nickel, aluminum, and copper since Aug. 1st, 2021 and this measure will officially come into effect through the end of this year. According to the measure, copper is subject to a tariff rate of US$1,226 per ton; nickel is subject to a tariff rate of US$2,321 per ton; aluminum is subject to a tariff rate of US$254 per ton; however, rates for steel products differ from each other, and in the “hot rolled steel” category, it is at least US$115 per ton.
Vietnam’s Steel Export to EU up 5 Folds in First 5 Months of 2021 2021年前5月越南鋼鐵輸往歐盟成長5倍 According to the data of Vietnamese Customs, Viet n a m’s st e el exp or t reached 980 thousand tons at an export value of USD 833 million this May, down 4% in volume and up 8.2% in value from this April. The total export volume reached 4.88 million tons in the first 5 months of 2021 at a total export value of USD 3.61 billion, up 61.6% in volume and up 117% in value from the same period last year. The EU, China, Cambodia, Malaysia and Mexico are the top 5 destinations for Vietnamese steel products. In the first 5 months of 2021, Vietnam grew 500% (at 713 thousand tons) in steel export to the EU, 200% to China (at 1.1 million tons), and 250% to Mexico (at 293 thousand tons).
Hardware & Fastener Components - no.52/2021
The significant growth in Vietnam’s steel export to the EU could be attributed to the European Union-Vietnam Free Trade Agreement (EVFTA). This also means that Vietnamese companies have acquired standardized production lines and are capable of meeting the stringent requirements and demand by the countries they export to.
072
Hardware World News >> China Launches AD Sunset Review on EU and UK Iron and Steel Fasteners 中國對歐盟和英國碳鋼扣件啟動期 終反傾銷複審調查 On April 28, 2021, Ministry of Commerce of PR China received the application from the Fastener Subdivision of China General Machine Components Industry Association (CMCA) on behalf of Chinese iron and steel fastener industry for a 5-year sunset review on the antidumping measure against certain iron and steel fasteners originating in the EU and UK. CMCA alleged that if the antidumping measure is terminated, the dumping of certain iron and steel fasteners originating in the EU and UK may continue and may continuously lead to the material injury to local Chinese industries. As a result, CMCA made a request that Ministry of Commerce should launch a sunset review investigation and maintain the antidumping measure.
USITC Makes Determinations in Five-Year (Sunset) Reviews Concerning Steel Nails from Korea, Malaysia, Oman, Taiwan, and Vietnam 美國國貿委員會裁定續課南韓、馬來西亞、阿曼、 台灣和越南鋼釘反傾銷稅5年 T he U.S. I nter national Trade Com mission ( USI TC) deter mined that revoking the existing a ntidumping a nd countervailing duty orders on imports of steel nails from S. Korea, Malaysia, Oman, Taiwan, and Vietnam would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from S. Korea, Malaysia, Oman, Taiwan, and Vietnam will remain in place. The action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.
Products involved in this investigation are: certain iron and steel fasteners, which include wood screws, self-tapping screws, screws and bolts (whether or not with their nuts or washers, but excluding screws and bolts with their shanks less than 6mm for fixing railway track), and washers. Products involved do not include nuts and other fasteners used for the maintenance and repair of commercial aircraft. The tariff codes of products involved are 73181200, 73181400, 73181590, 73181510, 73182100, and 73182200. All interested parties are invited to register their participation in the sunset review t h rough t he Trade Remedy a nd I nve s t i g a t i o n Bu r e a u o f M i n i s t r y o f Commerce of PR China within 20 days from the date of publication of this Notice. The investigation starts from June 29, 2021 and should come to an end before June 28, 2022.
Hardware & Fastener Components - no.52/2021
Ministry of Commerce has determined to launch the sunset review investigation against certain iron and steel fasteners originating in the EU and UK since June 29, 2021. During the investigation, the previously announced antidumping rates and products involved will remain effective (note: The current AD rates for certain iron and steel fasteners imported from the EU and UK are between 6.1 % and 26.0%. However, Koninklijke Nedschroef Holding B.V. and its affiliated companies are subject to a rate of 5.5%). The investigation period for antidumping is from 2020/01/01 through 2020/12/31, while the investigation period for material injury to the local industry is from 2016/01/01 through 2020/12/31.
073
Hardware World News >> Indonesia Seeks Collaboration with Foreign Investors to Establish Its Own EV Supply Chain 印尼積極發展電動車產業鏈 鎖定外資 Indonesia has been devoted to developing a complete EV supply chain these years. The country seeks to collaborate with American, Japanese, South Korean and Chinese investors and sets goals to make 20% of cars produced in Indonesia to be electric by 2025 and become a global EV and EV battery manufacturing hub. Indonesia Investment Coordinating Board announced LG Energy Solution will invest USD 9.8 billion to work with an EV battery group of 4 Indonesian companies (PLN, Pertamina, Aneka Tambang and MIND ID) to form a complete EV battery supply chain. Battery production is the key to EV industrial development. Indonesia is rich in materials including cobalt, nickel, manganese and other rare metals that allow for establishing a price-competitive EV industry. Joko Widodo (President of Indonesia) has set goals for the nation to start producing EV in 2022, make the proportion of components used in any EV produced in Indonesia reach at least 35% by 2023, and make EV account for 20% of all Indonesian car production by 2025.
Companies Development Aluminum Alloy Supplier Ting Sin’s Revenue Sets a Record High in June 鋁合金大廠廷鑫6月 營收新高
Hardware & Fastener Components - no.52/2021
The aluminum alloy wire rods manufactured by Ting Sin are the materials for EV and aerospace fasteners. The company reported its June revenue at NTD 280 million, up 121.84% from the same month last year and up 104.35% from May. The revenue for the first 6 months this year was NTD 959 million, up 36.55% from the same period last year. Ting Sin said that end users’ demand grew significantly as the COVID-stricken U.S. and Europe were opening up. The company now has a full orderbook for aluminum alloy products and is looking to mass-produce highvalue-add aluminum alloy wire rods in the second half of 2021.
074
Ta Chen’s 2021 Revenue Likely to Peak Amid U.S. Market Recovery 美市復甦 大成鋼2021年營收望攀峰 The USD 6 trillion budget proposed by U.S. President Biden is expected to drive the infrastructure demand in the U.S. Ta Chen International (TCI) has been the beneficiary of the revival in American industrial steel demand since the beginning of this year, while looking to continue raising its product prices. TCI’s revenue for Q2 2021 is expected to climb high again, and its full-year revenue stands a chance to reach a new high at NTD 85 billion with high profitability. TCI’s EPS for the whole year is expected to land at NTD 3 to NTD 4, which signifies an obvious recovery from the deficit last year and an EPS record that is only second to NTD 5.83 back in 2018.
Sheh Fung Screws Looks to Raise Prices Again Due to Heightened Material Prices 原物料漲不停 世豐螺絲醞釀第二波漲價 Sheh Fung said its primary clients’ need for inventory replenishment and order placement remains strong because of the vibrant demand from U.S. home improvement and construction markets. Although some order shipments were postponed due to the “jam-packed” situation in major U.S. ports, Sheh Fung was still able to optimize its delivery schedules at its 3 plants in Taiwan to speed up delivery, thereby boosting its sales in the U.S. by 108.64% this May compared to the same period last year. According to Sheh Fung, as the pandemic continues to affect capacities of the global fastener industry and as insufficient containers and delayed shipments affect lead times, fastener demand and supply remain unbalanced in the current U.S. home improvement and construction markets. The U.S. and Europe gradually loosening their lockdown measures will help grow the construction market demand further. Primary clients of Sheh Fung have had less inventory than before and continue to place more orders. Sheh Fung said that the first wave of price increase as a result of the higher wire rod prices quoted by the upstream suppliers has begun to pay off, and that the company is in talks with clients to raise the price again.
Hardware World News >>
Midwest Fastener Expanding Its Headquarters in Portage 美國Midwest Fastener擴大密西根Portage總部 Founded in 1966 and headquartered in Portage, Midwest Fastener Corp. is a leading manufacturer and distributor of nuts, bolts, anchors, deck and drywall screws and specialty fasteners. The company recently purchased Hy-Ko Products in Northfield, Ohio resulting in the need for Midwest Fastener to expand its office space and distribution operation. To secure the company’s US$10.8 million investment in its headquarters and distribution center expansion in Portage and Decatur and creation of up to 90 jobs, the company has been awarded a US$50 0,0 0 0 Michigan Business Development Program performance-based grant.
Goebel Fasteners, Inc. Announces Austin Hardware & Supply, Inc. as Official Authorized Distributor Goebel Fasteners, Inc.宣布Austin Hardware & Supply, Inc.為官方授權經 銷商 Goebel Fasteners, Inc. announces a new and exciting partnership with Austin Hardware & Supply, Inc. as an official authorized distributor for all products & tooling.
Hardware & Fastener Components - no.52/2021
The two companies entered into an agreement that sees Austin Hardware & Supply, Inc. become an authorized distributor for Goebel Fasteners, Inc. product lines which consist of metric & American standard: Blind Rivets, Threaded Inserts, new G-Grip™ Stainless Lockbolt System, Self-Tapping/Drilling Screws, Sealing Washers, Drill Bits, Nut Drivers, Over-Center Toggle Latches, Hand & Power Tools, PPE Equipment, and many more innovative specialty products.
076
BUMAX Selected by Global Construction Leader Skanska to Supply Fasteners for the Prestigious Slussen Project 瑞典BUMAX取得斯德哥爾摩斯魯森基建計畫扣件供應合約 Leading Swedish manufacturer of premium stainless steel fasteners BUMAX has been chosen to supply high strength and corrosion resistant fasteners to global construction giant Skanska for the high-profile Slussen infrastructure project in Stockholm, Sweden. Skanska has ordered approximately 15,000 premium BUMAX fasteners for the Slussen infrastructure project in central Stockholm to be used on the new water lock’s sluice hatches. The Slussen area in central Stockholm is being redeveloped with new stainless steel sluice and flood gates – to help the region cope with the anticipated sea level rise in the coming century. It is a massive and essential nine-year SEK 15.8bn (USD 1.6bn; EUR 1.3bn) project in the heart of Stockholm, one of the biggest infrastructure projects in Sweden in recent decades. It includes road and rail infrastructure as well as rebuilding the lock and sluice system and is expected to be complete in 2025. Around 90 different types of BUMAX fasteners were ordered for the Slussen project. The largest of these fasteners were BUMAX SDX threaded rods M48x1225 and M36x1125, in class 80. Due to the size and strength of these largest rods, BUMAX collaborated with RISE (the Research Institute of Sweden) to utilize specialist testing equipment, in order to test the mechanical strength of the fasteners. These tests showed that the rods could reach loads of 886kN (over 90 tons) prior to yield and 1,221kN (over 124 tons) on fracture.
Hardware & Fastener Components no.52/2021
077
Hardware World News >> Howmet Aerospace Uses Brand New Material for KEENSERTS® Solid Inserts
Mergers & Acquisitions
英國Howmet Aerospace使用全新材料生產KEENSERTS實心嵌件 The material A286 is an austenitic iron-nickel-chromium alloy. It has a large temperature range from – 196°C up to 700°C and offers excellent strength and superiority to low-alloy steels or common stainless steels. Up to this temperature, A286 displays exceptional corrosion properties. Typical applications A286 is suitable for: • Parts for gas turbines in aviation and power plant construction • Thermal process engineering • Automotive industry • Aerospace fasteners • Non-magnetic cryogenic equipment
Birmingham Fastener Has Acquired Steel City Bolt and Screw 美國Birmingham Fastener 併購Steel City Bolt and Screw
Birmingham Fastener is delighted to announce their recent acquisition of Steel City Bolt and Screw. They look forward to serving and partnering with all current customers of Steel City Bolt and Screw. Operations of Steel City Bolt and Screw will be consolidated into the production facility at their corporate headquarters in Birmingham, Alabama. In doing this, the level of service they can offer their valued customers will be increased. Customer service remains paramount at Birmingham Fastener; in-turn, all Steel City Bolt and Screw customers w i l l b e c o m e va lu e d p a r t n e r s of Birmingham Fastener and be serviced as a top priority.
Novaria Group Announces Acquisition of The Young Engineers, Inc.
Hardware & Fastener Components - no.52/2021
Novaria Group宣布併購The Young Engineers, Inc.
078
Novaria is pleased to announce the acquisition of The Young Engineers, Inc. (TYE). TYE is an expert in the design and manufacturing of aircraft and aerospace hardware, with a primary focus on fasteners and inserts. The terms of the deal were not disclosed. This acquisition continues Novaria’s expansion into aerospace fasteners. “We have made several acquisitions since April 2020, all of which are unique contributors to our evolving business model,” sa id Nova r ia CEO Br ya n Perk i ns. “T he acquisition of TY E is an integral part of our strategy to expand our portfolio of proprietary and qualified products we offer customers.” TYE operations will continue at its Southern California facility with its tenured, skilled employees, including former owner and president Pat Wells.
Industry Focus >>
by Dr. Arthur Hsu
台美貿易協定對扣件緊固工具產品之影響剖析
The Effect of U.S.-Taiwan Bilateral Trade Agreement on Fastening Tools
Hardware & Fastener Components - no.52/2021
Introduction
080
The U.S. has long been an important export destination for Taiwan. The bilateral trade value between the two countries exceeds NTD 2.43 trillion. In the late phase of the U.S.-China trade war and when Taiwan and the U.S. came closer in their economic relationship, the TIFA (Trade and Investment Framework Agreement) Meeting which was held back abruptly in 2016 was resumed on June 30, 2021. The meeting focused on deepening the bilateral relationship and assisting Taiwan in post-COVID recovery. In the meeting, Taiwan expressed the intention to sign the BTA (Bilateral Trade Agreement). Both countries will continue to increase interaction to solve trade issues. There is a difference between BTA and FTA (Free Trade Agreement). The purpose of FTA is to achieve an integrated economy, remove trade barriers (such as tariff and trade quota), allow cargoes and services to go freely between two countries, and require 90% mutual tariff reduction. The purpose of BTA is to open up domestic market for both countries, withdraw most of the tariffs or non-tariff barriers, mutually provide preferential trade protocols, and the national power and bargaining chips will determine which side (the U.S. or Taiwan)
will benefit. One of the decisions made in the TIFA meeting was that both countries will work together to push for necessary circulation of resources and speed up custom clearance. Taiwan exports over 90% of fastening tools to the U.S, making itself a highly export-oriented country to the U.S. in terms of this product category. Therefore, if the BTA is signed between the U.S. and Taiwan, it will have a great influence on Taiwanese companies. With the possibility of the U.S. and Taiwan signing the trade agreement, the critical task for Taiwan is to gain better preferential tax or favorable conditions from negotiations for Taiwanese hand tool industry. This article defines fastening tools as hand-held tools for tightening or loosening fasteners including screws, nuts, nails, and bolts. It will focus on and analyze the export and import trend between the U.S. and Taiwan in recent years. It will analyze the influence on the industry before and after the signing of the agreement, and propose a corresponding strategy as a reference for Taiwanese fastener and hand tool companies.
Bilateral Trade Trend of Fastening Tools Between the U.S. and Taiwan in Recent Years Table 1 shows the import and export of fastening tools between Taiwan and the U.S. as well as between Taiwan and the whole world. In import, Taiwan imported NTD 2.41 billion worth of fastening tools from the world in 2020, with a 4.21% CAGR for the last 7 years. The country imported NTD 60 million worth of fastening tools from the U.S., with a 2.29% CAGR for the last 7 years. The fastening tools imported from the U.S. took up 2.7% to 3.0% in proportion with little fluctuations and the proportion was down 1.84%.
Industry Focus >> This is a favorable factor for future trade talks between Taiwan and the U.S., meaning that Taiwan is less dependent on the U.S. regarding this type of product. The result of the negotiation between Taiwan and the U.S. has limited impact on Taiwan’s domestic industries. Taiwan can seek to gain full tax exemption on fastening tools exported to the U.S., based on the principle of fair trade. In export, Taiwan exported NTD 28.72 billion worth of fastening tools to the world in 2020, with a 0.85% CAGR for the
last 7 years. Taiwan exported NTD 12.45 billion worth of fastening tools to the U.S. in 2020, with a 8.23% CAGR for the last 7 years, much higher than the CAGR of export to the world. Additionally, the proportion of fastening tools exported to the U.S. grew from 28.4% in 2014 to 43.3% in 2020. The proportion of the U.S. market inches closer to 50%, and for the past 7 years this market has had a CAGR of 7.33%. It shows evidently increasing importance of the U.S. market to Taiwanese fastening tool companies, meaning that fastening tools will be critical products for Taiwan to seek tax exemption from the U.S. in future bilateral trade negotiations.
Table 1. Fastening Tool Import & Export Trend of Taiwan Year
2014
2015
2016
2017
2018
Unit: NTD 100 Million; %
2019
2020
CAGR
Import from the U.S.
0.6
0.5
0.5
0.5
0.5
0.6
0.6
2.29%
Import from the World
18.9
18.1
19.5
19.2
20.3
22.5
24.1
4.21%
Proportion of the U.S. in Taiwan’s Import
3.0%
2.7%
2.5%
2.8%
2.7%
2.5%
2.7%
-1.84%
Export to the U.S.
77.4
90.6
95.2
95.8
107.6
124.6
124.5
8.23%
Export to the World
273.0
280.1
275.9
291.6
308.8
317.7
287.2
0.85%
Proportion of the U.S. in Taiwan’s Export
28.4%
32.3%
34.5%
32.9%
34.8%
39.2%
43.3%
7.33%
Source: Taiwan custom trade data
Import of U.S. Fastening Tools to Taiwan in 2020 and Possible Influence
Hardware & Fastener Components - no.52/2021
Based on the data from the U.S. and Taiwan Customs and WTO, Table 2 lists the trend of U.S. fastening tools import to Taiwan and the possible influence. Taiwan imposes 5% to 10% taxes on this product category and there is no tax-free item under this category. The top 3 fastening tools imported from the U.S. into Taiwan in 2020 were unadjustable hand-operated wrenches and spanners (NTD 16 million, taking up 24.0%), pliers, clamps and the like (NTD 12 million, 18.3%), and adjustable hand-operated wrenches and
081
Industry Focus >> spanners (NTD 10 million, 15.7%). Overall, the import values were not large. If Taiwan and the U.S sign the trade agreement, Taiwan will lower the taxes on fastening tools imported from the U.S. and the decrease in tax income will be around NTD 5.89 million per year which is within the acceptable range.
Table 2. Import of U.S. Fastening Tools to Taiwan in 2020 and Possible Influence HS Code
Items
Unit: NTD 100 Million; %
Taiwan Import Import Estimated Tax Income Tax Value Proportion to Taiwan (NTD 10,000)
8203200000 Pliers, pincers, tweezers and similar tools
6.0%
0.04
6.5%
25.4
8203400010 Bolt croppers and similar tools
10.0%
0.00
0.0%
0.3
8204110000
Unadjustable hand-operated wrenches and spanners 10.0%
0.16
24.0%
155.5
8204120000
Adjustable hand-operated wrenches and spanners
10.0%
0.10
15.7%
101.8
wrenches and sockets with or 8204200000 Interchangeable without handles
10.0%
0.08
12.6%
81.3
8205100010
10.0%
0.00
0.2%
1.5
8205100020 Other drilling, thread-cutting and thread-tapping tools 10.0%
0.02
3.1%
20.0
8205200000 Hammers and sledge hammers
6.0%
0.00
0.2%
1.0
8205400000 Screwdrivers
10.0%
0.04
6.6%
42.7
8205592000 Hole punchers, staplers and the like
10.0%
0.00
0.0%
0.1
8205700000 Pliers, clamps and the like
10.0%
0.12
18.3%
118.7
8467112000
Portable pneumatic drivers
5.0%
0.00
0.7%
2.3
8467113000
Portable pneumatic wrenches
5.0%
0.07
10.6%
34.3
5.0%
0.01
1.3%
4.3
0.65
100.0%
589.1
Drilling, thread-cutting and thread-tapping tools
8467293000 Electric socket wrenches Total
Hardware & Fastener Components - no.52/2021
Source: Taiwan custom trade data
082
Industry Focus >> Export of Taiwanese Fastening Tools to the U.S. in 2020 and Possible Influence Table 3 lists the trend of Taiwan’s fastening tools export to the U.S. and the possible influence. The U.S. imposes a relatively larger range of taxes between 0% to 10% on this product category, and there are three tax-free items under this category, including hole punchers, staplers and the like, portable pneumatic wrenches, electric socket wrenches. The other 12 items should be proposed as exempted items in future negotiations between Taiwan and the U.S. The top 3 fastening tools exported from Taiwan to the U.S. in 2020 were interchangeable socket wrenches with or without handles
(NTD 4.66 billion, taking up 37.5%), unadjustable handoperated wrenches and spanners (NTD 1.76 billion, 14.2%), and screwdrivers (NTD 1.31 billion, 10.6%). These three items take up a large proportion of Taiwan’s export value to the U.S. and market share there, but currently are not entitled to tax reduction. If Taiwan and the U.S sign the trade agreement in which the U.S agrees to lower the taxes on Taiwan’s fastening tools, Taiwanese companies will have around NTD 833 million less to spend on taxes every year. In the give and take as Taiwan seeks tax reduction from the U.S., Taiwan should keep an eye that the proposed content of tax reduction should be better than the content of FTA signed between the U.S. and the countries that are rivals to Taiwan.
Table 3. The Trend of Taiwan’s Fastening Tools Export to the U.S. and the Possible Influence
Hardware & Fastener Components - no.52/2021
Unit: NTD 100 Million; %
084
Export Value
Estimated Tax Income to the U.S. (Tax Reduction for Taiwan)
Items
8203200000
Pliers, pincers, tweezers and similar tools
3.0%
10.24
8.2%
0.31
8203400010
Bolt croppers and similar tools
4.5%
0.10
0.1%
0.00
8204110000
Unadjustable hand-operated wrenches and spanners
9.0%
17.67
14.2%
1.59
8204120000
Adjustable hand-operated wrenches and spanners
9.0%
10.80
8.7%
0.97
8204200000
Interchangeable wrenches and sockets with or without handles
9.0%
46.69
37.5%
4.20
8205100010
Drilling, thread-cutting and threadtapping tools
6.2%
0.03
0.0%
0.00
8205100020
Other drilling, thread-cutting and thread-tapping tools
6.2%
0.75
0.6%
0.05
8205200000
Hammers and sledge hammers
3.0%
4.98
4.0%
0.15
8205400000
Screwdrivers
6.2%
13.16
10.6%
0.82
8205592000
Hole punchers, staplers and the like
0.0%
1.29
1.0%
0.00
8205700000
Pliers, clamps and the like
5.0%
4.61
3.7%
0.23
8467112000
Portable pneumatic drivers
4.5%
0.19
0.2%
0.01
8467113000
Portable pneumatic wrenches
0.0%
6.30
5.1%
0.00
8467293000
Electric socket wrenches
0.0%
7.69
6.2%
0.00
124.49
100.0%
8.33
Total
U.S. Tax
Export Proportion
HS Code
Source: Taiwan Customs trade data
Analyzing the Give and Take Before the Signing of U.S.-Taiwan BTA A. Taiwan’s Request for the U.S. to Lower Taxes on Fastening Tools: 1. Trade aspect: Seeking tax reduction from the U.S. on Taiwan’s fastening tools. One of the items with more competitiveness is interchangeable wrenches and sockets with or without handles with or without handles, which I recommend should be included in the initial request list. Doing this should help Taiwan’s quality tools enter the U.S. market and help U.S. manufacturers, sellers and consumers get access to products with lower costs. If both parties lower the taxes to zero, it should drive the bilateral trade of fastening tools between Taiwan and the U.S. and expand the market share of the hand tool industry for both countries, and work together to respond to China’s increasing global market share in fastening tools.
Hardware & Fastener Components no.52/2021
085
Industry Focus >> 2. Industry aspect: Facilitating bilateral collaboration of the fastening industry between Taiwan and the U.S. If the U.S. agrees to lower the taxes on fastening tools exported from Taiwan, it can: (1) strengthen collaboration between Taiwan’s and U.S. fastening tool industries; (2) effectively slow down the global market share of China’s fastening tools; (3) strengthen competitiveness of U.S. hand tool manufacturers (Stanley Black & Decker, etc.) and distributors (KOHLER, Wal-mart, Home Depot, Lowe’s, Menards, Tractor Supply, etc.); (4) integrate Taiwan’s and U.S.’ fastening tool supply chains and increase global market share.
B. The Government’s and Companies’ Corresponding Strategies to the U.S.-Taiwan Trade Agreement 1. The U.S. is the largest export market for Taiwan’s fastening tool industry, accounting for 43.3%, which further increased after the U.S.-China trade war, much higher than the market share of China as the second largest export market for Taiwan, as well as the market share of Germany as the third largest export market for Taiwan. If Taiwan and the U.S. can sign the BTA in the end, it will be a positive encouragement for Taiwanese fastening tool companies. 2. Currently, the U.S. still imposes taxes on socket wrenches exported in great volumes (at a total value of NTD 4.66 billion) from Taiwan, which is an important issue to be negotiated in the future with the U.S. Allowing U.S. fastening tools entering Taiwan to be exempted from taxes won’t create too many impacts because Taiwan’s fastening tool is a thin one. Imposing no tax on imported U.S. hand tools could offer consumers different price options and the impact from this is very limited.
Hardware & Fastener Components - no.52/2021
3. No matter how it goes after the U.S.-China trade war and the U.S.-Taiwan BTA, Taiwan still has to transform the downstream steel industries (fasteners, hand tools, etc.) to develop high-value metal products and increase industrial competitiveness, in order to make sure that Taiwan’s fasteners and fastening tool industries can turn crises into opportunities in the trade war and continue to increase global market share.
086
Conclusions and Suggestions 2020 was no doubt a turbulence to Taiwan and the fastener and hand tool industries. From the trade war to COVID, the resumption of TIFA meeting and the probable signing of BTA, the impact on the industry is quite large. Amid the COVID pandemic and the preparation stage for U.S.-Taiwan BTA, it is suggested that, in addition to providing economic relief measures, Taiwanese companies should adjust their corporate structures and employ business strategies ahead of time, so that there will be enough capacity to cope with when the COVID pandemic slows down and the orders pour in. “Resilient supply chain” is an important task for Taiwanese companies in the post-pandemic era. The supply chain that used to center on “efficiency” will change to center on “resilience”. It will inevitably restructure, regionalize, localize and decentralize. In the U.S.-China trade war, the ultimate factor that determines which country will gain the most orders transferred is the day-to-day strengthening of competitiveness of each hand tool manufacturing country and company. Taiwan is not the definite beneficiary to get transferred orders, so my suggestion for Taiwanese companies is that derailing from the usual profit loss and gain is not the only basis for determining success. Laying the foundation for the industry and improving technology is the key to success. Taiwanese fastener and hand tool companies can also restructure the supply chain to strengthen the international and regional role of Taiwan’s products, which will go from CP (Cost Performance) to TP (Trust Performance; Taiwan Performance) oriented. In this way, the world will recognize Taiwan’s fastening tools as high quality and trust-worthy products. Taiwanese government should strive to sign FTA with countries in addition to the U.S. The U.S. accounts for around 40% of Taiwan’s hand tool export, so the U.S.-Taiwan BTA is all the more important for the development of Taiwan’s fastening tools. I suggest Taiwanese companies should keep an eye out and report the industry’s status quo to the government if necessary, so the government can judge from it when negotiating with the U.S. and seek the largest mutual interest for bilateral trade.
Hardware & Fastener Components no.52/2021
087
Exhibition >> 復甦需求急又猛 金屬雙展
Urgent Need for Economic Recovery-
Trillion-dollar Businesses to Come in October with iMT Taiwan & THS
With the need for recovery in international businesses and the metal industry thriving again, trillion-dollar business opportunities are foreseeable. International Metal Technology Taiwan (iMT Taiwan), the only international trade fair for the metal technology industry in Taiwan, will once again join hands with Taiwan Hardware Show (THS) as a grand fair at Taichung International Exhibition Center from October 13th to 15th. Held right before the prestigious China Import and Export Fair (Canton Fair), the event is sure to attract buyers from around the world who seek businesses in the post-pandemic era.
One and the Only in Taiwan: a Signature for Metal Technology in Asia
月搶攻兆元商機
Hosted by Kaigo Co. and co-organized by Taiwan Metal Industry Association, Taiwan Casting Industry Association, Changhua County Industrial Association, and Changhua Importers and Exporters Chamber of Commerce, iMT Taiwan 2021 is the only international exhibition for the metal technology industry in Taiwan. The grand event presents Taiwan’s leading technology in metal material including metal processing and molding, precision machinery processing, casting, forging, welding and cutting, metallurgy, heat treatment, surface treatment and many more. The number of visitors has been growing over the years, making iMT Taiwan a leading metal tech exhibition in Asia.
Exports Drive Domestic Demands and Brings in Customers from All Walks
During the pandemic, Taiwan has been the most reliable partner in the global supply chain. The domestic market growth is driven by the great number of export orders from various industries, and the domestic industry seeks local companies for cooperation to ensure stable production. iMT Taiwan 2020 showed the explosive demand from Taiwan’s electronics and semiconductor industries, with buyers from the electronics industry visiting the fair to find suppliers of metal materials, processing technologies, and precision instruments. With the demand for metal products still being very strong, iMT Taiwan is the best place to contact domestic producers from various industries and expand the source of diversified orders.
Taiwan’s Excellent Performance in Disease Control, Enables the Joint Event to Pave Its Way to Global Markets.
Industry Leaders and Experts Gathering at Premium Tech Forum
Business opportunities have been growing even faster in the post-pandemic era, and competitors from around the world are sure to return to the game one day. During this time, Taiwanese companies made use of the outstanding performance in disease control and seize the moment in advance. In 2020, iMT Taiwan, together with THS, attracted over 400 exhibitors locally and abroad. With returning Taiwanese entrepreneurs, global buyer partners in Taiwan, domestic businesses, and traders, the number of visitors exceeded 23,000. In terms of scale and successful transactions, iMT is one of the best trade fairs in Taiwan in 2020.
Innovative technology brings opportunities and challenges to the industry seeking transformation and upgrades. To facilitate the industry in technological developments and sensing future opportunities, iMT 2021 launches the new Taiwan Metal Processing Premium Tech Forum to invite experts from the industry and the academia to share their knowledge on advanced metal material development, metal casting and forging manufacturing, precision processing equipment and advanced intelligent manufacturing, and more. The goal is to promote Taiwan’s leading metal material technology and process skills to the world, and to reassert Taiwan’s competitiveness on the world stage in metal material production, processing and manufacturing, and its critical role in the metal industry chain.
Hardware & Fastener Components - no.52/2021
Working Physically and Virtually for More Cooperation
088
During iMT 2020, THS and iMT Taiwan teamed up with Taiwan External Trade Development Council (TAITRA) to organize online matchmaking for buyers who were not able to visit Taiwan. During the three-day event, 120 meetings were held, with 55 overseas exhibitors from 37 countries striking their deals. This year, online matchmaking sessions will continue to be held, screening potential buyers from previous overseas visitors to be invited to the first round of matchmaking, with an aim to secure overseas orders for exhibitors.
Subsidies from co-organizers in recognition of the event The benefits of iMT Taiwan and THS have been recognized by the industry, and Kaigo Co. has sought subsidies from the Bureau of Foreign Trade to grant exhibitors access to more overseas businesses. The co-organizers and associations have increased the amount of monetary incentive for their members to attend the fair. This year, exhibitors will have the opportunity to receive a subsidy of NT$20,000 on a first-come, first-served basis. iMT 2020 has been recognized for its excellent results and more than half of the exhibitors have already made reservations for this year’s show. For more information, please contact Kaigo Co. at iMT@kaigo.com.tw.
Hardware & Fastener Components no.52/2021
089
Hardware & Fastener Components no.52/2021
091
BUYERS' GUIDE
2021
BUYERS' GUIDE
Sockets, Accessories, Ratchets, Impact Socket Sets, Wrenches, Screwdrivers, Pliers, Insulated Pliers & Screwdrivers, Tool Cabinets...
A-KRAFT TOOLS MANUFACTURING 886-4-23327908
供應商名錄
886-4-23327918
akraft@ms24.hinet.net www.akraft.com.tw
p58
ISO-9001
Sockets / Ratchet Handles / Precision Tool Sets / Anti-slip Impact Sockets / Wrenches / Spanners In General / Screwdrivers / Storage Stands Precision, CNC-Machined Metallic Parts
A-CORN ENTERPRISES CO., LTD. 886-2-27601559
886-2-27600593
sales@a-corn999.com www.a-corn999.com
Hardware & Fastener Components - no.52/2021
ISO-9001, ISO/TS-16949
092
Casting Machine Bases / Precision Metal Parts / CNC Machining Parts / Forged and Stamped Parts / Electronic Parts / Sintered Powder Metal Parts / Stamped Parts
p16 Hardware/Riggings, Fasteners, Tools, Stamping Parts, Turning/Machining Parts, Hooks & Wire Parts
ALISHAN INTERNATIONAL GROUP 886-7-6216851~2 886-7-6223595 shunden@seed.net.tw www.shun-den.com.tw ISO-9001 U Bolts / Aluminum Carabiners / Automotive & Motorcycle Special Screws / Bolts / Eye Screws / Wing Nuts / Special Nuts / Special Rivets / Hex Keys / Bits / Screwdrivers / Safety Hooks / Turning Parts
Various Rivets
AMPLE LONG INDUSTRY CO., LTD. 886-4-7383333
886-4-7388223
amplelon@ms22.hinet.net www.amplelong.com.tw ISO-9001 Hollow Rivets / Shoulder Rivets / Drive Rivets / Semi-tubular Rivets / Button Rivets / Male / Female Screws / Rivets
p25
BUYERS' GUIDE All Kinds of Screws
BESTWELL INTERNATIONAL CORP. 886-2-25858151
886-2-25853785
bestwell@ms5.hinet.net www.bestwell.com.tw ISO-9001 Eye Bolts / Flanged Head Bolts / Hanger Bolts / Hexagon Head Bolts / Shoulder Bolts / Stud Bolts / Track Bolts / U Bolts / Wheel Bolts / Customized Special Screws / Bolts / SEMS Screws
Arsen-Polishing Compounds, Arsen-Air Tools, Abrasives Surface Conditioning, Non-Woven Abrasive Fibre, Unitized Abrasives
CARYU TOOLS CO., LTD. 886-4-23300862
ARSEN CO., LTD. 886-966 707 811
Professional Heavy-Duty Hand Riveter
886-4-23392203
luciuschen@arsentw.com www.arsentw.com
886-4-23301182
jandanny@hotmail.com www.caryu.com.tw Hand Riveters
Air Belt Sander / Angle Grinder / Z-web Non-woven Airfile Belt / Abrasive Mounted Shank flap Wheel / Roll Series / Quick Change Series / Flap Disc Series
Self Drilling Screws and Self Tapping Screws 886-7-6233685 886-7-6233652 jcsales@celebritefasteners.com www.tek-screws.com CE, ISO-9001 Self-Tapping Screws / Self-drilling Screws / Roofing Screws / Carbon Steel Screws / High Strength Stainless Steel Screws / SEMS Screws / Wing Screws / Construction Fasteners / Taptite Screws / Concrete Screws / Drywall Screws / All Kinds of Nuts Clinching Machine, Pneumatic Riveting Machine
Precision Machined Parts
ATOLI MACHINERY CO., LTD.
CHANG LI TAI CO., LTD.
886-4-22870860
886-4-22860876
atoli@atoli.com www.atoli.com ISO-9001, CE Pneumatic, Hydraulic Riveter / Clinching Machine, Pneumatic Riveting Machine / Hydraulic Riveting Machine / Spin Riveting Machine / Radial Riveting Machine / Riveting Machine / Special Riveting Machine...
886-4-7560305 886-4-7560367 sales@brassvalve.com.tw www.brassvalve.com.tw p91 ISO-9001 Precision Metal Parts / Forged and Stamped Parts / Precision Plastic Parts / Gardening, Accessory Tools / Plumbing Engineering / Pneumatic Valves / Pipe Fittings for Hydraulic Systems / Parts for Bathroom Equipment / Sprinklers / Auto Repair Accessories / Copper Nuts / CNC Machining Parts
Hardware & Fastener Components - no.52/2021
CELEBRITE FASTENERS CO., LTD.
093
BUYERS' GUIDE Non-Standard Cold Headed Parts, Precision Cast Parts
CHANGZHOU RUIBO HARDWARE TECHNOLOGY CO., LTD. 86-519-86305569
86-519-86305575
sales@ruibotechnology.com www.ruibotechnology.com ISO-9001, IATF16949
p59
High Strength Bolts / Optical Components / NonStandard Mechanical Parts / Automotive Parts / Hydraulic Components Clamp
Stamping Parts, Machining Parts, Welding Parts
CHENG HENG INDUSTRIAL CO., LTD.
CHITE ENTERPRISES CO., LTD.
886-4-26392967
886-4-26392963
hose.clamp@msa.hinet.net www.hoseclamp.com.tw ISO-9001
p81
Automotive Parts / Auto Strapping Machines / Hose Clamp Screws / Steel Strap Tensioners / Steel Coils / Steel Buckles / Steel Straps / Building Parts / Plastic Screws / Fastener Kits / High Pressure Hoses / Machine Parts
886-6-2892423 886-6-2892290 bill@chite.com.tw www.chite.com.tw ISO-9001, ISO/IEC-17025, TAF, TÜV Hexagon Nuts / Chipboard Screws/Dr ywall Screws / Self-drilling Screws / All Kinds of Screws / Customized Special Screws and Bolts / Farmer Screws / Multi-stroke Special Screws / Bolts / Roofing Screws / Custom Bolts / Welded Nuts / Stamped Parts p124
Huck Rivet Gun
Hardware & Fastener Components - no.52/2021
CHIAO CHANG PNEUMATIC TOOL CORP.
094
886-2-86926800 886-2-86926804 info@ccp-tw.com.tw www.ccptool.com p18 CE, ISO-9001, TÜV Blind Nuts / Rivet Nuts / Rivets / Air Tools in General / Air Shears / Pneumatic Hand Tools In General / Hand Tools In General / Hand Rivet Tools, Hand Rivet Nuts / Rivet Bolt Tools / Air Hydraulic Rivets / Rivet Nut Tools / Cutting Tools / Cordless Power Tools / Powered Tools / Auto Repair Tools Machined Parts
All Kinds of Nuts
CHINMORE INDUSTRY CO., LTD.
CLC INDUSTRIAL CO., LTD.
886-2-26895188
886-2-86842881
service@chinmore.com.tw
886-6-2700392
886-6-2701296
clcnuts@clcnuts.com.tw www.clc-nuts.com.tw
www.chinmore.com
ISO-9001
ISO-14001, ISO-9001 CNC Machining Parts / Antennas/Precision Metal Parts
p1
Hexagon Nuts / Special Nuts / All Kinds of Nuts / Copper Nuts / Kep Nuts / American Standard Nuts / Flange Nuts / Prevailing Torque Nuts / Square Nuts / Small Nuts /Tee Nuts / Nylon Insert Nuts
BUYERS' GUIDE Various Kinds of Fasteners and Hardware Parts
DE FASTENERS INC. 886-6-3128238 886-6-312 6486 info@defast.com.tw www.defast.com.tw ISO-9001 All Kinds of Screws / Bi-metal Self-drilling Screws / ZDC Cap Screws / Carbon Steel Screws / Farmer Screws / Stainless Steel Nails / Steel Nails / Threaded Nails / Stainless Steel Nuts / Stainless Steel Self Drilling Screws / Stainless Steel Self Tapping Screws / All Kinds of Nuts RF Related Line-Card, such as RF Coaxial Connector, Microwave Connector, and Cable Assembly
COAX-RF ENTERPRISE CO., LTD. 886-7-3733588
886-7-373 9873
sales2@coax-rf.com
Automotive And Caster Components
DOMAS HARDWARE CO., LTD. 886-6-3561247
886-6-3550256
michael@do-mas.com www.do-mas.com ISO-9001
www.coax-rf.com
Stamped Parts / Precision Plastic Parts / Die Casting / CNC Machining Parts / Tubes
ISO-9001 Stamped Parts / Metal Injection / Turning Parts / CNC Machining Parts
Hose Clamps, Stainless Steel Hose Clamps, Clips, High Torque Clamps, Worm Driver Clamps, Mini Hose Clamps, Construction Fasteners, Building Parts, Pipe Clamps, Auto Clamps, Screwdrivers...
886-4-23399907 886-4-23398677 hoseclamp@evereon.com.tw www.ydshoseclamps.com ISO-9001, TAF, TÜV Hose Clamps / Stainless Steel Hose Clamps & Cable Ties / Hose Clamp Screws / Construction Fasteners / Building Parts CNC Lathes, Cam Lathes, Precision Parts for Motor Vehicles, Slotted Knob Set Screws
DA HONG PRECISION CO., LTD. 886-6-7952161
886-6-795 8455
da.hong1688@yahoo.com.tw machinery-parts-manufacturer-541. business.site Automotive Par ts / CNC Machining Par ts / Precision Metal Parts / Electronic Parts / Special Screws, Slotted Knob Set Screws, Copper / Iron / Aluminum / Stainless Steel Parts Processing
Magnetic Tool Mat
EVER-SHINY PRODUCTS CORP. (ESPCO) 886-4-22581166
886-4-22582096
magnet@espco.com.tw www.magnetic-tray.com Hand Tools / Pneumatic Hand Tools In General / Air Tools in General / Auto Repair Accessories / Automotive Parts / Magnetic Tools / Storage Racks / Storage Stands / Holders / Hooks / Rings / Hardwares / Auto Repair Tools / Speciality Tooling
p20
Hardware & Fastener Components - no.52/2021
EVEREON INDUSTRIES, INC.
095
BUYERS' GUIDE Mechanical, Electronic & Hydraulic Parts, Automobile Screws, Assembled Parts, Pins
GREAT BEAR ENTERPRISE CORPORATION 886-2-25554478
886-2-25587891
gbec@ms12.hinet.net www.fastener-world.com/en/supplier/greatbear ISO-9001 Mechanical Seals and Parts / Electronic Parts / Hydraulic Components / Automotive Parts / Assembly Captive Screws / Locating Pins
p30 Bolts & Nuts
Glue Gun
HOMEEASE INDUSTRIAL CO., LTD.
H.K.C. RICH ENTERPRISE 886-7-2261988
886-7-2265789
richard@hkc-rich.com www.hkc-rich.com ISO-14001, ISO-9001, TAF, TÜV Stamping Parts / CNC Parts / Plastic Injection / REACH or RoHS Available / Metallic Injection / Assembling Parts / Open Die Parts / Automotive Screws / Lathe & Milling Machined Parts / PPAP Level III & IMDS Available
886-5-2688966 886-5-2686876 homeease@homeease.com.tw www.homeease.com.tw p5 CE, ISO-9001, TÜV Caulking Guns / Glue Guns / Powered Tools in General / Electronic Repair Kits / Pneumatic Hand Tools In General / Woodworking Tools in General / Products For Decoration / Tools / Building Tools / Chemical Products For Building / Furniture Fittings / Auto Repair Tools / Lighting Fixtures / Tool Kits
Screws, Rivets, Hollow Rivets
HAILIANG CO., LTD. 886-4-23312278
886-4-23312279
hailiangscrew@gmail.com www.fastener-world.com/en/supplier/ hailiang Rivets / Tubular Rivets / Screws / Hardware & Fastener Components - no.52/2021
Hand-crafted Screws /
096
Headless & Knurled Fasteners
Heading Machine, Thread Rolling Machine, Nut Former, Bolt Former
Dowel Pins CNC Turning and Milling Machining
HEY YO TECHNOLOGY CO., LTD. 886-4-25665113
HONG FU METAL INDUSTRIAL CO., LTD.
886-4-25604335
886-2-26833612
info@heyyo.com.tw
886-2-26818713
hongfu1688@gmail.com
www.heyyo.com.tw Dowel Pins / Roll Pins / Terminal Pins / Locating Pins / Custom Pins / Steel Pins / Straight Pins / Special Pins / Non-standard Hexagon Head Screws / Bolts / CNC Machining Parts / Stainless Steel Pins
p40
www.fastener-machine.com Buying and Selling Used Fastener Machines / Cold Header / Nut Formers / Screw (Bolt) Formers / Assembly Machines / Heading Machines
BUYERS' GUIDE Auto Center Punch, Flexible Socket & Open Wrench, Extra Long Double Flexible Socket Wrench, Double Hex Flexible Wrench, Double Torx Socket Wrench...
ING-HWEI IMPLEMENTS MFG. CORP. 886-4-2270 5516~7
886-4-2279 4838
inghwei@inghweitools.com.tw www.ing-hwei.com Sockets / Wrenches / Spanners In General / Punches / Chisels / Precision Tool Sets / Flare Nut Wrenches / Socket Wrench Sets & Sockets / Open-end Wrenches
p38
CNC Auto Lathe, Fiber-optic Telecommunications Equipment, Hydraulic/Pneumatic Components, Shaf ts , Mechanic Components , Electronic Components, Wire-cutting, Computer Connectors
Thermoplastic, Metal Knobs and Handles, Leveling Pads & Levelers, Plastic Head Screws & Thumb Screws, Machinery Hardware & Elements, Inserts and Studs / Bolts for Knobs and Handles
HOSHENG PRECISION HARDWARE
INTERCRAFT CO., LTD.
886-6-2553250 886-6-2468619 eilly2004@yahoo.com.tw p78 www.hosheng.com.tw Stainless Steel / Brass & Bronze Screws / Phospher Bronze / Copper / Aluminum Material / A2 Cap Screws / Automotive Screws / Double Lead Thread Screws / Double-head Screws / Bolts
886-4-22131000 886-4-22132000 intcraft@ms3.hinet.net www.intercraftco.com CE, ISO-9001 Precision Plastic Parts / Handles / Plastic Screws / Thumb Screws / Hardware / Hand Pullers / Hoists / Hooks p27 Drawing Machine, Pickling Equipment, Wire Furnace
IWASHI TECHNOLOGY LIMITED 886-6-211 6816 iwashitech@gmail.com www.iwashi.asia
p75 Fasteners, Springs
Riveting Parts
HWAGUO INDUSTRIAL FASTENERS
J. T. FASTENERS SUPPLY CO., LTD.
886-2-22992020
886-2-22982026
hwaguo.hr@gmail.com www.hwaguo.com ISO-9001, TÜV Spring Pins / Cage Nuts / U Nuts / Retaining Rings / Rivets / Lock Washers / Clip Nuts / Blind Nuts / Rivet Nuts / Multi-die Forming Fasteners / Cap Nuts / Special Washers / Springs
p45
886-7-622-6973 886-7-622-6173 info@jtfasteners.com.tw www.jtfasteners.com.tw ISO-9001, TÜV Blind Nuts / Rivet Nuts / Weld Nuts / Selfclinching Nuts / Special Nuts / Insert Nuts / Automotive & Motorcycle Special Screws / Bolts / Brass Inserts / Special Parts / Blind Rivet Studs / Clinch Studs / Forged and Stamped Parts / Stamped Parts
Hardware & Fastener Components - no.52/2021
Wire Drawing Machine / Annealing Furnace / Alloy Steel Wire & Rod
097
BUYERS' GUIDE Wire Rope Clips, Turnbuckles, Shackles, Thimbles, Spring Nuts
JA QWAN INDUSTRIAL CO., LTD.
886-7-6228085 886-7-6227474 ja.qwan@msa.hinet.net www.ja-qwan.com.tw ISO-9001 Carabiners, Retaining Rings, Holders / Hooks / Rings, Customized Special Screws / Bolts, Stainless Steel Eye Bolts, Stainless Steel Eye Nuts, Hooks, Nautical Hardware, Other Hardware Equipment / Accessories / Products, Construction Fasteners, Eye Bolts, Stainless Steel Fittings Turning & Milling Parts, Precision Dowel Pins, Sems with Various Types of Screws, Thumb Screws & Nuts, Knurled Inserts, Solid Rivet Stepped Rollers
JGB INDUSTRIAL INC. 886-2-29016785
Quick Release Pins, Double-Acting Quick Release Pins, Detent Pins, Clevis Pins, Hitch Pins, Lanyards, CNC Lathing Parts & Milling Parts
JIN KOU ENTERPRISE CO., LTD. 886-2-86861069
886-2-29016995
886-2-81926859
info@jinkou.com.tw
info@jgb.tw
www.jinkou.com.tw
www.jgb.tw
p4
ISO-9001
Precision Metal Parts / Shoulder Screws / Dowel Pins / Thumb Screws / Thumb Nuts / Brass Insert / Turning Parts / Milled Bolts / Milled Nuts
CE, ISO-9001, TÜV Quick Release Pins / Detent Pins / Clevis Pins / Hitch Pins / CNC Parts, CNC Lathes
The ODM/OEM for Quality Guaranteed and Ecofriendly Products
JHIH-SYUN ENTERPRISE 886-6-5925098
886-6-5925028
service@js-stamping.com www.js-stamping.com Tooling Design / Assembly / Shipment / Hardware & Fastener Components - no.52/2021
Metal Punching & Stamping / Packaging /
098
Complete Processing Service
Large Size Parts, Hand Tool Sockets, Auto Parts, Multi-Process Cold Forging, Special Parts, Lock Screws, Pan Head Screws, Cement Drill Head Screws, Screwdrivers, Gear Tools, Hand Tools, Mousetrap Parts, Extension Bars, Auto Parts
JIH HSIN KUN SCREW CO., LTD. 886-5-7983099 886-5-7982293 service@jhk-screws.com.tw www.jhk-screws.com.tw ISO-9001 Sockets / Magnetic Tools / Special Screws / Automotive Parts p43
Precision Parts
JIN SHIN CHYUAN INDUSTRY CO., LTD. 886-4-8876528 886-4-8886725 jam@jinsc.com.tw www.jinsc.com.tw ISO-9001 Clinch Nuts / Dome Nuts / Hexagon Nuts / Hexagon Head Cap Screws / Brass & Bronze Screws / Carbon Steel / Fastener Kits / Bushes / Turning Parts / Bushings / Automotive & Motorcycle Special Screws / Bolts / Carbon Steel Screws
p65
BUYERS' GUIDE Value Pack, Wiring Ducts, Cable Ties, Cable Clamps, Cable Glands, Self Adhesive Tie Mounts
KAI SUH SUH ENTERPRISE CO., LTD. 886-2-25551929 886-2-25560052 kss@mail.kss.com.tw www.kss.com.tw
ISO 9001, ISO 14001, ISO 45001, IATF 16949 Cable Ties / Cable Ducts / Cable clips / Cable Glands / Cable Markers / Wrapping Bands / Cable Clamps / Conduits / Bushings / Wire Connectors / Tubes / PCB Parts
p7 Various Special Bolts
Fastener, Hardware, Plastic, Instruction Booklet Package in Bag
JINGLE-TECH FASTENERS CO., LTD. 86-574-87700072 sales@jinglecorp.com
KAN GOOD ENTERPRISE CO., LTD.
86-574-87707155
886-7-6331111 886-7-6331110 kangood.co@msa.hinet.net p71 www.kangoodco.com Screw Pack Bags / Machine Screws / Tapping Screws / Set Screws / Long Nuts / Brass Nuts / Post Studs & Studs / Standoffs / Hex Allen Wrenches / Pins & Spring Pins / Split Lock Washers / Threaded Rods / Smooth Rods / Springs / Forging Parts / Stamping Parts / Plastic Injection Parts / All Sorts of Special Fasteners for Home & Hardware / Construction and Automotive Industries
www.jinglecorp.com ISO-9001 T-head or T-slot Bolts / Eye Bolts / Special Bolts / U Bolts / Eye Screws / Machine Screws / Wood Screws / Drywall Screws / Chipboard Screws / Self-Tapping Screws / Self-drilling Screws / Special Screws
p61
-
Stud, Bolt, Nut, Eye Bolt, Welded Stud
KAO WAN BOLT INDUSTRIAL CO., LTD. 886-7-6246677
886-7-6246111
kw6242277@gmail.com www.kaowan.com.tw
Nylon Parts, Plastic Fasteners
JYH SHINN PLASTIC CO., LTD. 886-6-2551788 886-6-2558210 jsp1976@ms71.hinet.net www.jsplastic.com p37 ISO-9001 Cable Ties / Electronic Repair Kits / Wire Distribution Devices / Wires / Cable Clamps / All Kinds of Building Materials and Accessories / Refrigeration / Air Conditioning / Engineering / Plumbing Engineering / Plastic/Rubber Materials / Fastener Kits / Tool Kits / Nylon Washers / Nylon Bolts
Motorcycle Fasteners, Automotive Fasteners, Construction Fasteners, Furniture Fasteners, Customize Fasteners
KO YING HARDWARE INDUSTRY CO., LTD. 886-7-6214655 886-7-6226316 koying@koying.com.tw www.ko-ying.com.tw ISO-9001 Weld Nuts / Automotive Nuts / Motorcycle Nuts / Special Nuts / Bushings / Customized Special Screws / Bolts / T-head or T-slot Bolts / Wheel Nuts / Automotive & Motorcycle Special Screws / Bolts
Hardware & Fastener Components - no.52/2021
ISO-9001 Hexagon Head Cap Screws / Hexagon Head Bolts / Long Carriage Bolts / Lag Bolts / High Strength Bolts / Eye Bolts / Stud Bolts / Welding Studs / Hexagon Nuts / Wood Screws / Self-drilling Screws / Machine Screws
099
BUYERS' GUIDE Friction Ring Stem, Square Tube Interior Connecting Nuts, Tube Interior Connecting Nuts, Applicable Tube Diameter, Type for Bicycle Use, Connecting Nuts for Tube Interiors, Connecting Nuts for Tube Interiors, Special Nuts, Spring Snaps, Tack Glides
KUENYUEH INDUSTRIAL CO., LTD. 886-4-7586153
886-4-7586163
sales@kuenyueh.com.tw www.kuenyueh.com.tw Special Nuts
p23
Automatic Dip Spin Line, Mechanical Galvanizing Line, Hot Dip Galvanizing Line
LI YUN MACHINERY CO., LTD. 886-6-2538795
Nut Driver, Net Setter, Bit Holder
MENG RUI CO., LTD. 886-4-7579885
886-6-2545406
886-4-7579869
mrcl.w7069@msa.hinet.net
lydsauto@ms54.hinet.net
www.bit-holder.com.tw
www.lydsauto.com.tw
ISO-9001
Hot Dip Galvanizing
Hand Tools / Hand Tool Kits / Socket Bits / Sockets / Hand Tools In General / Hardware / Powered Tools In General
p90
p33
Cold Forged & Open Die Forging
LUO YAO CO., LTD. 886-2-22783396
886-2-22783353
sales@luochan.com www.luochan.com
Hardware & Fastener Components - no.52/2021
ISO-9001
100
Special Cold, Hot Forming Parts / Special Bolts / Special Nuts and Bolts / Multi-die Forming Fasteners / Multi-stroke Special Screws, Bolts / Custom Bolts / CNC Parts, CNC Lathes
Magnetic Applications
Hardware Tools
MAGTECH MAGNETIC PRODUCTS CORP. (LEAP TONG)
MING GUU ENTERPRISE CO., LTD.
886-2-27904906 886-2-27906482 export@magtech.com.tw www.magtech.com.tw ISO-9001, D&B D-U-N-S Magnetic Tools / Magnetic Bases / Hand Tools / Hardwares / Hooks / Other Hardware Equipment / Accessories / Products / Products for Decoration / Tools / Automotive Parts / Others / Machine Parts / Electronic Parts
p49
886-4-25682152
886-4-25684695
mingguu@gmail.com www.fastener-world.com/en/supplier/ ming-guu Stretch & Wrapping Tools / Cable-tie Tensioning Tools / Crimping Tools
BUYERS' GUIDE Riveters / Riveting Tools
NCG TOOLS INDUSTRY CO., LTD. 886-37-743060
886-37-743613
ncg@ncgtools.com www.ncgtools.com ISO-9001 Blind Rivets / Tool Kits / Blind Rivet Studs / Anchors / Plastic Rivets / Blind Nuts / Rivet Nuts / Air Tackers / Air Staple Guns / Air Nailing Tools / Electric Staple Guns / Hand Tools
p14 Snap Button, Grommet, Trouser Hook
MING SHING HARDWARE 886-4-7611291
886-4-7628895
mrwu99@ms17.hinet.net www.mr-snapbutton.com Metal (Snap) Fasteners / Medical Components / Auto Parts / Hardware Accessories
Hex Key, Locking Folding, Multi Tool, Ratchet Screwdriver, Palm Ratchet Set, Bits Set
NINGBO (VIETNAM) KING MOUNT 86-574-6515 3799
86-574-6515 3799
sales@kmount.com www.kmount-tools.com ISO-9001 Hex-key Wrenches / Ratchet Screwdrivers / Screwdrivers / Bit & Bits Sets / Bicycle Repair Tools
p17 Hardware Tools
NOVUMTEC EURASIAN ASSOCIATED CO. 886-4-23713869
886-4-23713324
box@gfb.com.tw www.gfb.com.tw
p34 Cold Formed, Customized Component
MINI FASTENER DEVELOPER 886-7-6076626 sales@mini-fastener.com.tw www.mini-fastener.com.tw ISO-9001 Customized Fasteners
Tensioning And Cutting Tool, Strip Buckle, Hardware Products
Peng Kang Enterprise Co., Ltd. (SHI GANG) 886-7-374 1074 peng.kang@seed.net.tw www.fastener-world.com / en / supplier / pengkang Hand Tools / Other Hardware Equipment / Accessories / Products / Wire / Cable Clamps / Cable Ties / Cable-tie Tensioning Tools
Hardware & Fastener Components - no.52/2021
Sockets / Bits / Screwdriver Bits
101
BUYERS' GUIDE Wrenches, Sockets, Workshop Tools, Construction Tools
PLUS CRAFT INDUSTRIAL 886-4-22125996
886-4-22125992
sales@superbco.com www.pluscraft.com Ratchet Wrenches / Combination Wrenches / Box End Wrenches / Hand Sockets / Impact Sockets / Bit Sockets / Tool Kits / Trolleys / Cabinets / Caulking Guns / Tiling / Flooring Tools / Glass Tools / Masonry / Cement / Concrete CNC Turning
Nut Setter, Bit Holder, Adaptor, Drill Bit, Extension Bar, Socket, Ratcheting Screwdriver
PRIMEST CO., LTD. 886-7-6317156
886-7-6317160
CNC1@primest.com.tw www.primest.com.tw ISO-9001 Turning Parts / CNC Parts, CNC Lathes
RONG YIH JIANG ENTERPRISE CO., LTD. 886-4-26935275
886-4-26935305
jong.yih@msa.hinet.net www.rongyih.com ISO-9001 Nut Setters / Bits / Commutators / Adapters / Nut Drivers / Shafts, Couplings, Keys and Clutches / Handles / Screwdrivers / Power (Hydraulic) Chucks p35
Construction
Hardware & Fastener Components - no.52/2021
RAY FU ENTERPRISE CO., LTD.
102
886-7-5560180 886-7-5560174 export@ray-fu.com www.ray-fu.com CE, ETA, IATF16949, ISO-14001, p19 ISO-9001, TAF, TÜV Chipboard Screws / Drywall Screws / Furniture Screws / Wood Screws / Thread Cutting Screws / Roofing Screws / Self-drilling Screws / Machine Screws / Twinfast Woodscrews / Deck Screws / Triangular Thread Screws / Hexagon Head Cap Screws Customized Special Screws / Bolts, CNC Parts, Auto Parts
REXLEN CORP. 886-7-7259858 886-7-7259199 rexlen@rexlen.com.tw www.rexlen.com.tw p8 ISO-9001, TAF Rivets / PPAP Documents / Clinch Nuts / Clinch Studs / Customized Special Screws / Bolts / Machine Screws / CNC Parts, CNC Lathe / Forged and Stamped Parts / Injection Molding Machine Screws / A193 B7 Screws / All Kinds of Screws
Battery Rivet Tool
SHANGHAI TONE MACHINE CO., LTD. 86-523-85432999
86-523-84981118
tone@sweet-tool.com www.sweet-tool.com CE Pneumatic / Hydraulic Riveters / Rivet Nut Tools / Hand Rivet Tools, Hand Rivet Nuts / Rivet Bolt Tools, Air Hydraulic Rivets
p50
BUYERS' GUIDE Professional Hex Key & Hand Tool, Bit, Screwdriver, Clamp, Speed Wrench, Punch
SHENG PU PROMOTION CO., LTD. 886-2-2643 1226
886-2-2641 4736
sales@sptools.com.tw www.sptools.com.tw D-U-N-S Hex Keys / Bit & Bits Sets / Speed Wrenches / Nut Drivers / Bits / Punches / Screwdrivers / Clamps in General / Saws, Non-powered, General
p41
Concrete Screw Anchors, Hammer Drill Bits
Screws
SHEH KAI PRECISION CO., LTD. 886-7-6225669 886-7-6226002 info@shehkai.com.tw p10 www.shehkai.com CE, ETA, ISO-14001, ISO-9001, PGM Bi-metal Self-drilling Screws / Bi-metal Screws / Bi-metal Concrete Screw Anchors / Screw Anchors / Self-drilling Screws / Stainless Steel Wire & Rod / Construction Fasteners / Self-Tapping Screws / Wing Screws / Roofing Screws / Concrete Screws / Multi-stage Screw & Parts / Concrete Drills
SHINN RUNG CO., LTD. 886-6-2307777
886-6-2306686
sr@shinnrung.com www.shinnrung.com CE, ISO-9001 Self-drilling Screws / Sheet Metal Screws / Collated Screws / Thread Forming Screws /Drywall Screws / Chipboard Screws / Machine Screws / Furniture Screws / Stainless Steel Screws
Retaining Rings, Toothed Lock Washers, U-Nuts, Pins, Stamping Parts, Push on Nuts
886-2-89828858 886-2-89829066 info@shoulong.com.tw www.shoulong.com.tw p22 ISO-9001, TÜV Flat Washers / External Tooth Washers / Internal Tooth Washers / Retaining Rings / Sems Washers / J Nuts / Clip Nuts / Push-on Nuts / U Nuts / Bronze / Phospher Bronze / Copper Handles
Inserts, Nuts
SHEN SHAN INTERNATIONAL GLIDE MFG. CORP.
SOGA INDUSTRIAL CORP.
886-4-2566 5612
886-4-25672556
service@shen-shan.com
886-2-28333895
886-2-28363898
soga36@gmail.com www.fastener-world.com/en/supplier/ soga
www.shen-shan.com ISO-9001 Handles / Furniture Fittings / Washers / Hardware / Casters / Rollers / Wheels
p28
Brass Insert / Special Nuts / Small Nuts
p36
Hardware & Fastener Components - no.52/2021
SHOU LONG PRECISION INDUSTRIAL CO., LTD. (GIANT LONG)
103
BUYERS' GUIDE Blind Rivets, Hand Riveters, Air Riveters, Blind Rivet Nuts
SPECIAL RIVETS CORP. (SRC)
886-4-24623555 886-4-24621777 srcrivet@ms12.hinet.net www.srcrivet.com p2 ISO-9001 Blind Rivets / Flat Head Rivets / Hand Riveters / Blind Nuts / Rivet Nuts / Closed End Rivets / Hand Rivet Tools, Hand Rivet Nuts / Rivet Bolt Tools, Air Hydraulic Rivets / Multigrip Rivets / Painted Rivets / Countersunk Rivets / High Strength Rivets / Rivet Nut Tools / Structural Rivets Custom CNC Machining
STAND DRAGON INDUSTRIAL CO., LTD. 886-4-8946412 886-4-8945411 info@standdragon.com www.standdragon.com ISO-9001 Custom Pins / Caster Pins / Contact Pins / Blind Nuts / Rivet Nuts / Bushings / Automotive & Motorcycle Special Screws / Bolts / Hex Standoffs / Miniature Precision Screws / Self-tapping Bolts / Stud Bolts / Connecting Rod Bolts / Threaded Rivets p29
Fasteners & Hardware Parts
SUPERIOR QUALITY FASTENER CO., LTD. 886-7-5377111~4
886-7-5376655
sqf@sqf.com.tw www.sqf.com.tw CE, IATF16949, ISO-9001, ISO-14001 Heavy Nuts / Flange Screws / Hexagon Head Cap Screws / Weld Screws / Hexagon Nuts / Automotive Screws / Automotive Nuts / Tubes / T-head or T-slot Bolts / Construction Bolts / U Bolts / Weld Nuts p24
Locks, Padlocks, And Security Hardware
STEEL MARK ENTERPRISE LTD. 886-6-2364150
886-6-2364155
sales@steelmark.com.tw
Hardware & Fastener Components - no.52/2021
www.steelmark.com.tw
104
Cylinder Locks / Door Hinges / Locks /Padlocks / Window Hinges / Safety Hooks /Door and Gate Bolts / Furniture Locks and Keys / Handles / Hooks / Door and Window Accessories / Door Hardware
Nylon Washer, Plastic Flat Washer, Plastic Cap, Plastic Nut, Plastic Bolt, Various Plastic Products, Rubber O-Ring, Rubber Washer
All Kinds of Screws and Nuts
SUN CHEN FASTENERS INC., 886-6-205 0091
TAIWAN NYLON WASHER CO., LTD.
886-6-205 0307
sunchan@ms9.hinet.net www.fastener-world.com/en/supplier/ sun-chen (Steel) Wire Nails / Barrel Nuts / Machine Screws / Clinch Stud Screws / All Kinds of Nuts / Customized Special Screws / Bolts / CNC Parts, CNC Lathes / Stamped Parts / Hardware / Hex Keys / Carbon Steel / Stainless Steel
p6
886-6-3556607 886-6-3557778 twnylon.washer@msa.hinet.net www.taiwannylonwasher.com.tw ISO-9001 Rubber Washers / Silicone Washers / Plasterboard Nails / Plastic Bolts / Plastic Nuts / Plastic Rivets / Plastic Screws / Plastic Washers / Nylon Washers
p73
BUYERS' GUIDE Cold Formed, Machined and Secondary Operation
TITAN FASTENER LTD. 886-7-6995588
886-7-6997788
rachel@titan-fast.com.tw www.fastener-world.com/en/supplier/ titan IATF16949, ISO-9001 Special Cold & Hot Forming Parts / Tubes / Spacers / Weld Nuts
Stapler, Staple Gun
Fasteners, Screws
TANGIBLE IND. CO., LTD.
TOPGO CO., LTD.
886-2-82093244
886-2-82090171
886-2-23661168
886-2-23661346
richard@tangible.com.tw
topgo.co@msa.hinet.net
www.tangible.com.tw
www.topgo.com.tw
Staple Guns
CNC Machining Parts / Stamped Parts / Die Casting / Self-drilling Screws / Self-Tapping Screws / Roofing Screws / Bi-metal Self-drilling Screws
p32
p109 Shower Panel, Mixer/Faucet, Angle Valves, Hose, Valve Connection
UEI CHANG CO., LTD. 886-4-763 8482
886-4-763 8447
da.hwei@msa.hinet.net Showerheads / Faucets / Shower Equipment / Flow Control Valves / Hose Clamps / Pipe Fittings For Hydraulic Systems
Cold Forming, Hot Forging, Stamping, Machining, Grinding
TIGGES TAIWAN BRANCH 886-7-5366889
886-7-5365878
info@tigges-group.com syu.tw@tigges-group.com www.tigges-group.com IATF16949, ISO-14001, ISO-9001, ISO/IEC-17025, TAF, TÜV Cold Forming / Hot Forging / Stamping / Machining / Grinding
Cold Heading, Heat Treatment, Pneumatic Tools , Automobile Components, Mechanical and Electrical Products, Bike Components, Sports Equipment
U-WEEN ENTERPRISE CO., LTD. 886-4-25223290#23
886-4-25223482
alex@u-ween.com.tw www.u-ween.com.tw CE, ISO-9001 Impact Wrenches & Air Sockets / Air Ratchet Wrenches / Pneumatic Hand Tools in General / Hardware
Hardware & Fastener Components - no.52/2021
www.verona-faucet.com
105
BUYERS' GUIDE CNC Lathe Parts
WEH SHENG PRECISION INDUSTRY 886-2-22021222 886-2-22022600 sales@wehsheng.com www.wehsheng.com ISO-9001 Blind Nuts / Rivet Nuts / Hex Stand-offs / Automotive Screws / Turning Parts / CNC Machined Parts / Aluminum Material / Precision Metal Parts / Carbon Steel Screws / All Kinds of Screws / Aluminum Nuts / Brass Inserts / Brass & Bronze Nuts Special Nuts
High Security Locks, Include Brass Padlocks, Door Locks, Furniture Locks, Automotive Locks
WEI IN ENTERPRISE CO., LTD. 886-6-5957183
WHALE SECURITY CORP. HIPPO SECURITY CORP.
886-6-5957323
weiintw@gmail.com
886-8-7521111
www.weiin-nut.com.tw
886-8-7553000
whale7.gordon@msa.hinet.net
ISO-9001 Cap Nuts / Clinch Nuts / Coupling Nuts / Tee or T Nuts / Flare Nuts / Spacers / Prevailing Torque Nuts / Bushings / Aluminum Nuts
www.whalelock.com
Door Hardware / Window Hardware / Products for Decoration / Tools / Other Hardware Equipment / Accessories / Products / Padlocks / Car Locks / Cylinder Locks / Furniture Locks and Keys / Locks / Lock Pins / Door Hinges / Window Hinges
ROP-2HAD Double Trochoid Pump with Motor
WEI LIANG CORPORATION 886-2-29948401
886-2-29934062
wlp29949451@gmail.com www.zenloon.com.tw
Hardware & Fastener Components - no.52/2021
CE
106
Pumps / Filters for Hydraulic Systems / Lubricators / Pipe Fittings for Hydraulic Systems / Hydraulic Pumps / Hydraulic Piping Systems (Tube and Hose Assembly) / Hydraulic Motors / Centralized Lubrication Systems Machining Parts, Cold Forging, Stamping
Air Duatool, Air Blow Gun
WEI MENG METAL PRODUCTS CO., LTD.
WOEI SHEN CO., LTD.
886-3-4783569
886-3-4783589
886-6-2432747
info-tw1@weimong.net
886-6-2432227
weishen@blowgun.com.tw
www.weimong.net
www.wondergun.biz
ISO-9001
Air Dusters / Air Spray Guns / Pneumatic Hand Tools In General / Hand Tool Kits / Hand Tools
Forged and Stamped Parts / CNC Machining Parts / Special Cold, Hot Forming Parts
p39
BUYERS' GUIDE Glue Gun
YEU CHYUAN INDUSTRIAL 886-5-2687550
886-5-2681110
yc@yeuchyuan.com www.yeuchyuan.com.tw GS, UL, CUL, BSCI, ISO 9001:2018 Glue Guns / Hand Tools /Powered Tools in General / Hand Tool Kits
Insert Nuts, Zinc Die Casting Parts, Insert Nut, Wing Nuts, Cross Nuts, T Nuts, K.D. Fitting, Allen Key, Jcn Nuts, Pop Nuts, Furniture Screws, Connector Screws, Barrel Nuts & Cross Dowel
YAW MIN ENTERPRISE CORP.
886-4-2524 4346 886-4-2524 4349 yawmin.contact@gmail.com www.yawmin.com p123 ISO-9001 Insert Nuts / Barrel Nuts / Wing Nuts / Die Casting / Furniture Fittings / Flange Nuts / Die Cast Nuts / Tee or T Nuts / Customized Special Screws / Bolts / Automotive Parts / CNC Parts, CNC Lathe
CNC Milling Parts, Stamping Parts, Wire Forming, Spring Clips
YENCHANG HARDWARE HOOK & SPRING FACTORY 886-6-2554123
8886-6-2467212
yenchang201@gmail.com www.yenchang.com.tw ISO-9001, TÜV Stamped Parts / Springs / CNC Machining Parts
p62 Automotive Stamping Parts and Nuts
YI CHUN ENTERPRISE CO., LTD. 886-7-6073133
886-7-6073130
fooh.ming@msa.hinet.net www.yc-fen.com.tw
Customized Fasteners & Parts
YAYI INDUSTRIAL CO., LTD. 886-4-7722561
886-4-7722591
winner59086691@gmail.com www.fastener-world.com/en/supplier/ yayi Washers / Stamped Parts / Furniture Fittings / Hand Tools / Automotive Parts / Special Parts / Wrenches / Spanners In General / Wrench Sets
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
YIH-LIHJEOU ENTERPRISE CO., LTD. 886-4-7876629 886-4-7876529 sales.tseng@yih-lihjeou.com www.yih-lihjeou.com ISO-9001 CNC Parts, CNC Lathes / Turning Parts / Precision Metal Parts p26
Hardware & Fastener Components - no.52/2021
ISO-9001 Cap Screws / Socket Set Screws / Cage Nuts / Clip Nuts / Stamped Parts / Blind Nuts / Rivet Nuts / Automotive Parts / Weld Nuts / Welding T-nuts / U Nuts / A2 Cap Screws / Special Screws p51
107
BUYERS' GUIDE DIY, Bits, Power Pneumatic Tools
YI HONG CHANG INDUSTRIAL 886-4-22756388
886-4-22768875
yihong.chang1619@gmail.com www.bitholders.com.tw DIY / Bits / Power Tools / Pneumatic Tools
Self Drilling Screw, Self Tapping Screw, Sandwich Panel Screw, Long Screw, Farmer Screw, Window Screw, Furniture Screw, Eye Lag Screw, Capped Screw, Rod Hanger Screw, Customized Screw...
YOUR CHOICE FASTENERS & TOOLS
886-4-7991246 886-4-7991355 taitzu.taitzu@msa.hinet.net www.ycs.com.tw p122 CE, ISO-9001 Chipboard Screws / Drywall Screws / PVC Screws / Roofing Screws / Self-drilling Screws / A2 Cap Screws / Collated Screws / Self-Tapping Screws / ZDC Cap Screws / Wing Screws / Farmer Screws
All Kinds of Anchors
YUYAO AKF FASTENERS CO., LTD. 86-574-62757772
86-574-62757771
sales9@anchor888.com www.akffastener.com ISO-9001, CE Wood Screws / Self-drilling Screws / Self-Tapping Screws / Machine Screws / Metric Screws / Metal Screws / Furniture Screws / Floorboard Screws / High Strength Screws / Combined Screws / Bimetal Screws / Carbon Steel Screws
Machined Nuts, Copper Nuts, Electronic Parts
YU-DER PRECISION CO., LTD.
Hardware & Fastener Components - no.52/2021
886-6-2435512 886-6-2435793 i57i34@gmail.com www.yude-nut.com Machined Nuts / Copper Nuts / Electronic Parts
108
p63 Screwdrivers, Screwdriver Bits, Drywall, Drill Bits, Allen Keys, Nut Setters, Tool Kits, Impact Drivers, Drive Sockets, Bit Sockets, Ratchet Drivers
YUN CHAN INDUSTRY CO., LTD. 886-4-24953458 886-4-24939735 jhaiso@ms32.hinet.net www.yunchan.com.tw p31 ISO-9001, TÜV Hex Keys / Socket Bit Sets / Wrench Sets / Tool Kits / Bit & Bits Sets / Nut Setters / Socket Bits / Sockets / Bit Sets / Screwdrivers / Impact Screwdrivers / Ratchet Screwdrivers
Eye Bolts DIN444, Hinge
YUYAO NO.2 STANDARD FASTENER FACTORY / YUYAO BIAOER TRADING 86-574-62003777
86-574-62003980
ruanlifei@biaoer.com www.biaoer.com ISO-9001 Eye Bolts / Window Hinges / Door Hinges
p72
BUYERS' GUIDE Outdoor Construction Nails, Concrete Nails, Drywall Nails, Duplex Nails
ZON MON CO., LTD. 886-7-3526549
886-7-3526561
a530811@ms27.hinet.net www.zonmon.com.tw ISO-9001 Construction Fasteners / Drywall Nails / Roofing Nails / Wallboard Nails
Brass Rods, Automatic Lathe Machining, Machining Parts
ZHAN TONG PRECISION CO., LTD. 886-6-231 6662 886-6-231 6671 salesasst@zhantong.biz www.zhantong.biz p12 TAF, ISO-9001 CNC Parts, CNC Lathes / Brass & Bronze Screws / Brass & Copper Pins / Brass Inserts / Brass & Bronze Rivets / CNC Machining Parts / Copper Nuts / Parts for Bathroom Equipment / Electronic Parts / Precision Metal Parts / Hexagon Nuts
High Precision Fasteners, Precision Parts
ZONBIX ENTERPRISE CO., LTD. 886-7-6994364
886-7-6995052
sales.sa09@zonbix.com.tw www.zonbix.com.tw ISO-9001, ISO-14001 Wheel Nuts / Eye Bolts / T-head or T-slot Bolts / Wheel Bolts / Self-drilling Screws / Double-head Screws / Bolts / Self-locking Nuts / Nylon Insert Nuts / Nylon Cap Insert Lock Nuts / Screw Plugs / Hydraulic Components
p21
109
Industry Focus >>
Fastening Hand Tools Trade Statistics
緊固工具貿易統計
USA
compiled by Fastener World
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts
HS 820412 Adjustable hand-operated spanners, wrenches, and parts
110
(in USD) in descending order according to figures of 2020
Hardware & Fastener Components - no.52/2021
Import
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts
HS 820540 Screwdrivers and parts
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10
Partner
2018
2019
2020
World China Taiwan India Germany Argentina Japan Mexico Canada Czech Republic Italy World China Taiwan Germany Spain Vietnam India Japan South Korea Canada Slovenia World Taiwan China Vietnam Germany Sweden Japan Canada Netherlands United Kingdom India World Taiwan China Germany Czech Republic Vietnam Japan Slovenia Poland Spain Switzerland World China Taiwan Germany Canada Indonesia Japan Vietnam Italy United Kingdom Hungary
267,531,353 148,208,882 66,749,277 18,823,102 6,461,610 6,233,728 3,650,244 4,139,307 2,740,937 1,062,784 3,412,662 114,203,324 74,266,930 14,617,388 12,630,421 8,112,333 8,672 1,816,412 210,749 22,951 532,669 297,032 258,433,012 127,233,900 119,406,830 0 3,175,450 1,028,916 1,789,937 1,008,968 747,070 704,357 210,556 145,680,346 37,868,997 88,845,236 8,035,087 3,961,456 116,451 3,035,423 14,662 3,209 536,353 850,205 384,495,414 187,705,033 49,066,159 44,680,068 15,719,815 434,658 16,754,119 1,519,680 4,378,418 7,137,143 5,907,642
277,817,720 134,020,508 79,977,632 25,200,846 6,637,097 5,651,591 8,009,379 3,887,251 3,102,694 1,280,338 3,013,973 107,928,724 64,625,038 16,298,495 12,697,554 8,700,417 445,815 2,154,092 310,676 235,646 488,755 268,182 295,932,921 157,164,434 126,902,485 644,656 3,117,939 1,440,378 1,629,434 1,233,736 610,521 689,630 222,827 146,894,874 47,988,724 80,060,971 8,599,604 4,275,980 40,683 1,948,698 219,660 175,823 625,533 759,908 359,799,134 146,569,562 59,625,924 40,317,703 15,824,258 5,595,710 17,623,408 3,633,510 4,876,320 6,429,150 6,988,818
236,479,223 93,864,993 90,499,924 23,114,200 5,305,339 5,078,028 2,789,882 2,723,426 2,548,105 2,161,129 1,785,588 103,643,363 52,956,511 17,030,229 16,839,670 10,339,904 2,378,523 1,803,649 307,347 292,833 276,208 251,504 250,174,439 160,598,716 76,414,791 3,941,343 2,485,159 1,401,520 1,009,788 744,558 657,998 487,735 373,728 137,537,885 62,022,279 59,427,453 4,074,972 3,591,525 1,602,955 1,372,156 1,188,922 753,379 606,445 586,700 335,790,927 115,614,722 75,743,069 32,409,371 16,597,264 16,155,977 11,988,831 7,098,937 6,396,675 5,673,461 5,667,001
HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts
HS 820412 Adjustable hand-operated spanners, wrenches, and parts
(in USD) in descending order according to figures of 2020
Export
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts
HS 820540 Screwdrivers and parts
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10
Partner
2018
2019
2020
World Canada United Kingdom Australia Germany Mexico China Japan Singapore France Netherlands World Canada Belgium Mexico Australia Germany Saudi Arabia United Arab Emirates Singapore China Japan World Canada United Kingdom Mexico Australia Japan China Netherlands Germany Peru Saudi Arabia World Canada United Kingdom Mexico Australia South Korea Japan China Germany Costa Rica Belize World Canada Mexico Japan Germany United Kingdom Australia China South Korea France Brazil
147,677,918 33,782,997 13,057,911 10,234,686 10,760,937 8,978,854 8,068,888 8,721,054 4,546,478 2,435,624 3,983,364 44,339,403 15,513,678 3,279,791 3,053,432 1,476,369 839,772 512,251 912,483 2,271,946 695,683 1,355,394 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 1,532,972 609,271 30,204,893 9,837,459 2,722,815 4,728,819 1,055,871 823,678 826,328 780,464 413,345 975,159 4,179 229,150,260 43,720,659 45,876,493 16,087,211 14,333,052 15,076,932 6,214,243 8,538,642 5,345,448 6,617,205 3,704,739
138,259,291 34,051,835 11,190,754 9,006,065 8,826,966 8,469,124 6,065,307 9,106,918 4,351,302 2,810,707 3,151,363 40,735,631 14,556,211 2,867,681 3,695,156 1,218,217 937,711 796,094 723,789 1,512,220 1,385,128 1,420,309 73,776,744 21,233,829 9,722,424 9,872,978 2,873,110 5,056,066 1,335,025 2,237,311 2,705,453 1,321,401 1,218,116 26,636,426 10,786,483 2,110,283 3,193,096 929,109 798,460 1,118,656 846,046 854,968 419,542 46,325 242,103,752 52,391,805 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
118,601,082 28,436,492 9,773,692 7,838,958 7,425,449 6,705,913 6,019,338 5,889,576 3,423,265 2,682,328 2,431,478 31,565,308 12,157,121 2,418,620 2,250,326 1,562,151 1,480,197 1,071,506 888,233 876,198 832,198 779,923 51,743,752 20,410,992 6,002,843 4,209,741 3,318,318 2,170,380 1,322,525 1,309,106 1,257,997 1,229,847 1,065,863 24,542,189 11,386,263 2,669,786 1,869,768 1,858,233 770,066 596,447 424,947 411,897 385,533 383,958 189,087,035 46,598,700 34,696,045 13,251,908 11,030,468 8,251,105 8,087,369 6,496,177 4,726,067 3,887,462 3,697,637
Hardware & Fastener Components - no.52/2021
USA
Industry Focus >>
Source: U.S. ITA of Department of Commerce
111
Canada
Industry Focus >>
HS 820411 Non-adjustable handoperated spanners, wrenches, and parts
HS 820412 Adjustable handoperated spanners, wrenches, and parts
HS 820420 Socket wrenches with/ without handles, drives, extensions, and parts
112
HS 820540 Screwdrivers and parts
(in USD), in descending order according to figures of 2020
Hardware & Fastener Components - no.52/2021
Import
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10
Partner World United States China Taiwan Germany Czech Republic United Kingdom Italy Japan Vietnam Hungary World China United States Taiwan Germany Vietnam United Kingdom Italy Japan Czech Republic Hungary World Taiwan China United States Germany United Kingdom Italy Czech Republic Japan Hungary Vietnam World China United States Taiwan Czech Republic Germany United Kingdom Japan Italy Vietnam Hungary World China United States Taiwan Germany Italy Japan Hungary Vietnam United Kingdom Czech Republic
2019 68,927,716 23,807,641 19,578,753 7,480,969 1,415,097 306,302 308,457 183,586 14,026,593 10,492 4,673 22,789,467 9,497,350 8,438,808 2,687,654 777,863 589 135,894 30,277 95,899 17,312 133 50,314,883 11,404,488 25,254,180 11,640,330 671,448 133,084 85,018 93,712 90,106 49,798 25,358 16,849,319 7,433,421 5,043,312 2,386,459 962,530 606,473 49,032 74,450 20,306 2,366 1,581 114,921,133 48,730,795 30,076,977 17,203,069 5,343,989 2,893,688 975,661 1,622,231 788,671 882,692 579,642
2020 47,471,307 18,160,970 17,565,722 7,445,927 1,119,729 487,394 209,571 177,374 144,567 10,902 3,936 21,573,303 9,222,836 6,467,753 3,108,033 993,067 334,521 176,763 56,129 50,153 24,843 111 33,495,097 11,360,030 11,206,458 9,296,787 569,023 86,352 79,718 75,495 70,191 38,018 37,644 17,648,139 7,935,553 4,428,204 3,126,548 1,114,018 551,314 57,364 36,096 9,419 1,602 607 132,407,904 73,357,023 22,494,473 17,769,808 3,552,392 3,426,936 1,470,925 1,467,401 1,278,978 823,076 607,909
HS 820411 Non-adjustable handoperated spanners, wrenches, and parts
HS 820412 Adjustable handoperated spanners, wrenches, and parts
HS 820420 Socket wrenches with/ without handles, drives, extensions, and parts
Export (in USD), in descending order according to figures of 2020
HS 820540 Screwdrivers and parts
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Source: Canada.ca
Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10
Partner World United States Netherlands Germany France Australia India China Mexico Thailand Taiwan World United States Australia Mexico Netherlands Taiwan France Germany China Thailand India World United States Germany Australia France China Mexico Netherlands Thailand Taiwan India World United States Germany Taiwan China Mexico Australia France Netherlands India Thailand World United States Thailand France Taiwan India China Mexico Germany Netherlands Australia
2019
2020
5,527,593 4,134,333 22,686 284,345 44,424 23,956 55,037 34,807 38,707 3,565 308 2,069,759 818,214 150,073 126,957 53,518 5,903 16,390 30,372 7,900 295 1,334 3,143,550 2,156,777 98,856 50,879 16,431 8,019 55,307 7,749 12,591 852 1,568 1,940,379 1,024,417 615,241 21,362 3,318 6,660 7,981 179 19,474 4,014 1,995 23,538,148 17,656,905 731,285 609,043 370,798 663,815 611,137 272,663 260,274 86,850 111,314
4,266,369 3,286,595 161,703 82,884 73,845 53,054 38,337 27,483 15,733 8,440 264 1,561,307 577,135 178,541 110,928 49,761 23,573 15,012 11,024 5,216 3,842 1,915 2,303,547 1,646,934 124,462 64,397 24,657 8,711 7,154 6,542 3,659 1,171 1,001 1,505,196 705,236 355,671 24,344 23,521 9,439 8,694 4,339 2,464 124 31 22,263,367 16,788,612 1,134,736 631,122 566,161 525,238 402,042 353,220 203,655 130,047 84,909
Hardware & Fastener Components - no.52/2021
Canada
Industry Focus >>
113
Industry Focus >>
Japan
in descending order according to volumes of 2020
Import
Japan P.C. Code 61705 All hand tools Rank
Country
2019 (kg)
2020 (kg)
2019 (JPY1,000)
2020 (JPY1,000)
World
68,826,383
65,372,646
155,400,826
133,966,200
1
China
36,729,955
38,533,725
52,869,894
48,515,661
2
S. Korea
14,010,541
9,821,969
22,148,125
16,822,864
3
Taiwan
8,860,778
8,891,858
15,013,726
14,258,187
4
Thailand
1,711,280
1,373,377
8,406,254
7,543,186
5
Vietnam
1,425,947
1,341,421
5,084,069
5,492,237
6
Germany
1,329,175
1,243,667
10,881,918
8,158,838
7
USA
1,173,763
1,100,847
11,484,131
9,390,470
8
Indonesia
508,775
376,590
2,430,922
1,994,952
9
India
334,824
327,060
1,382,268
1,116,932
10
Italy
380,800
323,721
1,082,852
921,259
Export Japan P.C. Code 61511 All hand tools
Hardware & Fastener Components - no.52/2021
Rank
114
Country
2019 (kg)
2020 (kg)
2019 (JPY1,000)
2020 (JPY1,000)
World
91,441,897
78,394,421
409,156,808
341,025,018
1
USA
27,292,051
27,093,194
92,721,860
77,007,127
2
China
16,623,015
13,276,172
84,509,714
74,644,909
3
Thailand
5,985,983
3,642,217
32,987,562
23,550,148
4
S. Korea
4,041,228
3,433,050
23,593,706
19,849,260
5
UK
1,355,989
3,344,761
3,614,903
5,438,924
6
Mexico
7,645,650
3,193,600
18,199,338
10,825,106
7
Indonesia
155,611
2,663,261
231,600
8,126,441
8
India
23,278
1,858,639
272,640
9,135,020
9
Czech Republic
591
1,845,045
1,826
3,147,166
10
Malaysia
306,023
1,803,922
3,500,644
4,549,982
Source: Ministry of Finance, Japan
Industry Focus >>
Taiwan
Import
in descending order according to figures of 2020
HS 820411 - Non-adjustable hand-operated spanners, wrenches, and parts
Rank
Country
2019 (KG)
2020 (KG)
Country
World
3,648,472
4,502,854
1
China
3,243,343
2
Vietnam
138,969
3
Japan
4
India
2019 (USD)
2020 (USD)
World
18,606,863
22,902,771
4,056,539
China
14,437,651
17,504,922
143,126
Japan
1,910,634
1,849,672
118,725
102,805
Vietnam
718,533
836,843
112,650
53,427
USA
292,443
522,107
5
Turkey
5,283
35,723
Germany
282,038
399,052
6
United States
8,316
17,232
Turkey
73,195
325,988
7
Germany
9,929
3,159
India
436,960
245,791
8
Netherlands
805
2,441
Netherlands
89,019
240,937
9
Czech Republic
119
760
Czech Republic
9,398
46,867
10
Poland
214
318
Switzerland
17,157
25,026
HS 820412 Adjustable hand-operated spanners, wrenches, and parts Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
1,776,182
1,444,475
World
10,180,824
8,577,103
1
China
870,885
2
Vietnam
758,210
709,121
China
5,027,282
3,835,180
676,164
Vietnam
3,392,747
3,238,040
3
Japan
30,935
21,901
4
Turkey
36,957
18,378
Japan
501,775
650,799
United States
265,057
341,266
5
India
62,984
9,654
6
USA
3,299
5,230
Turkey
318,259
152,929
Germany
78,331
96,549
7
Germany
2,006
1,673
8
Thailand
717
337
Netherlands
15,439
92,209
India
270,671
48,919
9
Spain
1,172
305
Italy
10,526
19,555
10
Italy
87
147
Ireland
10,052
17,998
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank
Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
787,040
1,557,511
World
3,757,531
7,299,008
1
China
740,685
1,339,573
China
2,442,909
5,123,866
2
Vietnam
15,220
184,606
Vietnam
79,765
732,162
3
Italy
366
8,372
Japan
519,822
483,716
4
Japan
6,583
5,509
USA
198,932
274,710
5
Germany
2,605
2,455
Germany
142,858
193,498
6
United States
1,685
1,649
Netherlands
63,827
126,323
7
Netherlands
588
821
Italy
78,178
85,999
8
Denmark
315
307
Denmark
11,890
16,939
9
Sweden
77
148
France
4,802
10,908
10
UK
146
82
Singapore
5,143
9,925
Hardware & Fastener Components - no.52/2021
Rank
115
Industry Focus >>
Taiwan
Import
in descending order according to figures of 2020
HS 820540 Screwdrivers and parts
Rank
Country
2019 (KG)
2020 (KG)
World
764,088
1,298,707
1
China
730,760
2
Japan
18,485
3
Germany
4
Hong Kong
5
USA
6
Czech Republic
7
France
8
Country
2019 (USD)
2020 (USD)
World
5,106,631
8,051,262
1,227,316
China
3,789,162
6,459,857
14,447
Japan
666,202
671,924
4,845
4,457
Germany
216,768
176,849
1,685
3,592
USA
94,969
144,287
752
3,074
Czech Republic
89,440
135,714
1,569
2,391
Hong Kong
24,019
52,411
958
1,351
UK
88,718
39,084
Switzerland
275
228
France
21,457
35,135
9
Thailand
157
125
Switzerland
45,712
21,444
10
UK
149
124
Italy
3,563
6,647
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools
Hardware & Fastener Components - no.52/2021
Rank
116
Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
2,029,391
2,246,656
World
23,075,879
22,953,054
1
China
1,093,010
1,526,915
China
6,041,102
7,353,269
2
Vietnam
596,749
339,346
Germany
3,517,039
4,230,601
3
Germany
260,192
312,588
Japan
3,851,869
3,933,182
4
Japan
38,111
32,279
Vietnam
3,992,600
2,181,195
5
USA
11,502
11,259
USA
2,408,689
1,750,751
6
S. Korea
2,736
2,870
S. Korea
448,113
870,912
7
India
613
1,552
Canada
339,262
573,640
8
Switzerland
825
797
UK
560,781
554,517
9
UK
1,136
727
Switzerland
398,124
462,627
10
Italy
1,411
614
Italy
195,160
96,068
Export HS 820411 - Non-adjustable hand-operated spanners, wrenches, and parts Rank
Country
2019 (KG)
2020 (KG)
World
15,032,617
14,763,540
World
186,105,470
173,069,760
1
United States
5,291,418
4,605,803
United States
64,662,862
59,771,918
Germany
15,092,697
14,994,335
China
4,073,735
10,672,076
2
China
473,276
2,405,748
3
Germany
817,090
767,660
Country
2019 (USD)
2020 (USD)
4
Japan
807,050
700,274
Japan
11,948,045
10,182,505
5
Netherlands
625,580
558,380
France
13,663,908
10,120,057
6
France
785,757
539,039
Netherlands
10,024,578
10,000,899
7
UK
576,379
377,508
UK
7,086,187
5,437,065
8
Indonesia
504,109
353,268
Australia
3,938,622
4,004,516
9
Sweden
394,546
292,544
Sweden
4,645,886
3,647,165
10
Australia
278,943
281,174
Italy
4,619,430
3,528,735
Industry Focus >> HS 820412 Adjustable hand-operated spanners, wrenches, and parts Rank
Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
9,223,260
8,932,098
World
100,075,075
101,588,499
1
United States
3,121,081
3,315,140
United States
30,767,990
36,629,618
2
China
509,007
754,102
China
6,549,246
8,576,650
3
Vietnam
709,553
573,307
Japan
5,842,111
5,438,826
4
Germany
486,937
479,448
Germany
5,997,168
5,196,553
5
Japan
475,235
443,262
Australia
4,302,315
4,523,387
6
Netherlands
230,962
330,708
France
7,012,709
3,686,622
7
Australia
335,414
315,081
Netherlands
2,714,709
3,625,370
8
Canada
213,462
257,694
Canada
2,790,698
3,266,845
9
Russia
237,846
226,559
Russia
2,685,565
3,052,825
10
France
449,034
210,330
UK
2,829,477
2,845,432
HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank
Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
56,522,021
55,379,663
World
364,342,036
343,068,376
1
United States
23,022,154
23,522,946
United States
148,561,113
158,108,524
2
China
10,103,879
12,452,624
China
42,200,364
41,669,900
3
Germany
2,397,391
2,443,601
Germany
19,146,291
18,323,675
4
Netherlands
2,043,449
1,837,711
Netherlands
15,931,250
14,995,678
5
Australia
1,284,137
1,374,714
Australia
10,839,634
10,896,760
6
Russia
1,531,238
1,046,457
Japan
7,532,597
8,070,627
7
Vietnam
606,025
898,966
Russia
11,460,064
7,721,972
8
France
1,199,779
766,647
France
11,014,062
6,651,307
9
Japan
748,089
699,902
UK
5,997,676
5,213,030
10
UK
704,144
622,480
Sweden
8,143,159
5,142,954
HS 820540 Screwdrivers and parts Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
6,597,517
6,327,402
World
76,171,000
78,367,182
1
United States
2,949,669
3,368,908
United States
36,641,441
44,550,343
2
Australia
270,066
313,026
China
3,184,021
3,448,303
3
China
267,986
308,487
Japan
3,262,164
3,179,571
4
Japan
239,909
221,135
Germany
3,028,044
2,660,500
5
Germany
312,402
216,408
Australia
2,071,885
2,240,672
6
UK
213,612
142,932
UK
2,680,991
1,944,490
7
Italy
190,397
124,173
Italy
2,514,548
1,592,586
8
Russia
148,525
116,413
Russia
1,771,915
1,356,273
9
Sweden
191,043
108,665
Sweden
1,952,347
1,333,845
10
Vietnam
81,454
102,700
Netherlands
1,738,698
1,196,110
HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools Rank
Country
2019 (KG)
2020 (KG)
Country
2019 (USD)
2020 (USD)
World
8,547,975
9,114,665
World
102,961,472
104,561,139
United States
2,367,803
2,913,691
United States
32,902,922
37,891,625
2
China
1,619,938
1,580,714
China
11,484,786
11,978,332
3
Vietnam
430,596
886,050
Germany
9,983,822
10,158,866
4
Germany
777,577
758,430
Vietnam
2,937,798
6,226,338
5
Canada
421,231
364,344
Canada
5,090,848
4,251,137
6
Slovenia
384,287
313,906
Russia
2,893,063
3,558,478
7
Russia
246,920
271,267
Sweden
3,702,923
2,370,422
8
Sweden
270,475
198,165
Slovenia
3,253,225
2,227,895
9
Spain
322,365
184,936
Thailand
2,541,946
1,891,046
10
UK
130,027
112,905
Japan
2,583,682
1,833,751
1
Source: Bureau of Foreign Trade (Taiwan)
Hardware & Fastener Components - no.52/2021
Rank
117
Industry Focus >>
US Hand Tool Trade, 2020 – Q1 2021
by Sabrina Rodriguez
2020-2021第一季 美國手工具貿易分析 Data note: The data for this article is derived from Descartes™ Datamyne’ s US Census trade statistics. US Census trade statistics analyze imports and exports on all modes of transportation. That value is calculated in USD by general CIF for imports and FOB for exports. Hand tools in this article are defined as any product under HS Codes 820411 (spanners and wrenches, hand operated, non-adjustable), 820412 (spanners and wrenches, hand operated, adjustable), 820420 (socket wrenches with or without handles), 820510 (drilling, threading or tapping tools), 820540 (screwdrivers and parts thereof), 820720 (dies for drawing or extruding metal), 820740 (tools for tapping or threading), 820790 (interchangeable tools others, and parts thereof).
The United States was undoubtedly impacted in 2020 during the beginning of the pandemic and was further impacted while global trade continued to be disrupted. While the biggest concerns in the supply chain revolved around the demand for personal protective equipment, the entire supply chain became an overwhelming concern and the primary focus. Amongst those commodities were hand tools, which the U.S. generally imports from different countries in Asia and Europe. In 2019, the U.S. imported a total of $1,345,454,299 USD of hand tools which was nearly 11% more than the total imported in 2020. During 2020, the U.S. imported $1,198,933,624 USD and the most significant decrease of imports were seen between February and April 2020. Considering the recent trade disturbances which have ultimately led to a supply chain disruption, have the imports of hand tools during the first quarter of 2021 increased by comparison to 2020? How much was the U.S. hand tool market impacted during the pandemic? Are there any visible trends that lead to believe we will see a trade surplus or trade deficit in 2021?
US Imports of Hand Tools Most recently the U.S. has seen an incredible demand for new residential housing which was caused by the lack of available homes during the pandemic. The demand for specific commodities used in manufacturing new homes included fasteners, steel, and hand tools. In Q1 2021, the total value of imported hand tools was slightly over $355 million USD compared to Q1 2020’s total of $296 million USD. The first and second quarters of 2020 had the lowest value of hand tool imports in all of 2020, but then in the third quarter of 2020 the value increased to $355 million USD followed by $359 million USD in quarter four. United States - Import 2020 - Q1 General Total Value CIF (USD)
%
%
General Total Value CIF (USD)
%
2020 - Q3
General Quantity
General Total Value CIF (USD)
%
%
2020 - Q4
General Quantity
%
General Total Value CIF (USD)
%
General Quantity
%
China
91,141,888
30.77 170,643,277
56.15 103,882,490
34.92 158,096,980
56.33 129,794,228
36.49 183,724,684
59.61 121,292,766
59.61 252,147,916
60.61
90,457,473
30.54
72,254,310
23.78
98,639,643
33.16
85,875,463
30.60 116,419,198
32.73
88,760,450
28.80 121,570,453
28.80 110,457,198
26.55
Germany
26,188,791
8.84
4,378,358
1.45
19,205,376
6.46
2,650,703
0.95
25,023,328
7.04
5,096,037
1.66
26,217,574
1.66
5,903,539
Japan
20,900,599
7.06
1,912,646
0.63
15,916,526
5.35
1,841,712
0.66
14,050,872
3.95
1,425,180
0.47
14,422,900
0.47
6,297,688
1.52
Canada
10,885,581
3.68
6,033,307
1.99
11,462,824
3.86
5,747,987
2.05
10,425,822
2.94
2,888,026
0.94
12,385,497
0.94
5,096,237
1.23 2.82
1.42
India
8,114,154
2.74
10,485,866
3.45
5,565,071
1.88
5,945,703
2.12
8,266,088
2.33
7,795,915
2.53
12,419,545
2.53
11,700,756
Mexico
4,539,854
1.54
520,977
0.18
3,497,513
1.18
379,707
0.14
4,272,906
1.21
459,702
0.15
4,200,215
0.15
740,110
0.18
Brazil
3,992,350
1.35
400,480
0.14
2,301,136
0.78
268,190
0.10
3,362,944
0.95
348,619
0.12
3,283,792
0.12
324,779
0.08
Spain
3,884,111
1.32
412,737
0.14
4,395,542
1.48
654,527
0.24
6,074,440
1.71
498,950
0.17
5,292,774
0.17
416,364
0.11
Italy
3,427,938
1.16
3,368,568
1.11
2,437,702
0.82
1,018,172
0.37
2,938,530
0.83
999,382
0.33
4,080,557
0.33
6,059,674
1.46
Total
296,259,091 100.00 303,951,428 100.00 297,536,177 100.00 280,679,673 100.00 355,736,994 100.00 308,238,671 100.00 359,268,534 100.00 416,064,995 100.00 Top Country of Origin 100,000,000 80,000,000 60,000,000
35.2%
8.8%
40,000,000 20,000,000 0
118
2020 - Q2
General Quantity
Taiwan
General Total Value CIF (USD)
Hardware & Fastener Components - no.52/2021
Country of Origin
34.6% CHINA
TAIWAN GERMANY JAPAN
CANADA
INDIA
Country of Origin
MEXICO
BRAZIL
SPAIN
ITALY
CHINA TAIWAN GERMANY JAPAN INDIA CANADA VIETNAM MEXICO SPAIN ITALY
Industry Focus >> United States - Import 2020 - Q1 General Total Value CIF (USD)
Product HS (6)
%
2020 - Q2
General Quantity
%
General Total Value CIF (USD)
%
2020 - Q3
General Quantity
%
General Total Value CIF (USD)
2020 - Q4
General Quantity
%
General Total Value CIF (USD)
%
General Quantity
%
%
820790 - Interchangeable tools others, and parts thereof, of base metal
79,941,595 26.99 128,128,890 42.16
77,700,219 26.12
92,569,651 32.99
95,742,408 26.92 107,017,789 34.72
93,975,592 26.16 179,104,460 43.05
820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal
55,788,825 18.84
71,596,200 23.56
56,545,175
19.01
73,639,824 26.24
71,386,919 20.07
86,655,071 28.12
76,625,634 21.33
99,153,060 23.84
820411 - Spanners and wrenches, hand-operated, non-adjustable, and parts thereof, of base metal
50,796,457
38,189,971 12.57
53,720,298 18.06
37,983,597 13.54
68,483,794 19.26
50,877,768
16.51
74,476,557 20.74
58,586,281 14.09
820540 - Screwdrivers, and parts thereof, of base metal
32,074,388 10.83
48,355,448
15.91
35,515,439
11.94
60,318,099 21.50
39,464,069
11.10
46,614,808
15.13
37,004,368 10.30
56,840,978 13.67
820740 - Tools for tapping or threading, and parts thereof, of base metal
31,082,606 10.50
10,824,200
3.57
25,450,574
8.56
9,328,741
3.33
26,051,239
7.33
7,482,244
2.43
27,282,753
7.60
13,805,452
3.32
820412 - Spanners and wrenches, hand-operated, adjustable, and parts thereof, of base metal
22,128,209
7.47
5,946,258
1.96
23,711,854
7.97
5,875,241
2.10
33,419,160
9.40
8,719,894
2.83
27,969,338
7.79
7,617,594
1.84
820720 - Dies for drawing or extruding metal, and parts thereof, of base metal
21,983,758
7.43
375,579
0.13
21,846,189
7.35
382,364
0.14
18,428,194
5.19
318,683
0.11
18,818,592
5.24
432,780
0.11
820510 - Drilling, threading or tapping tools, and parts thereof, of base metal
2,463,253
0.84
534,882
0.18
3,046,429
1.03
582,156
0.21
2,761,211
0.78
552,414
0.18
3,115,700
0.87
524,390
0.13
Total
17.15
296,259,091 100.00 303,951,428 100.00 297,536,177 100.00 280,679,673 100.00 355,736,994 100.00 308,238,671 100.00 359,268,534 100.00 416,064,995 100.00
China, Taiwan, and Germany account for the majority of foreign suppliers of hand tools to the U.S., followed by Japan, Canada and India. China exported close to 26% more in Q1 2021 by comparison to Q1 2020 which was a total of $23 million USD. Taiwan followed China as the second biggest exporter to the U.S. of hand tools and accounted for a total of $112 million USD in Q1 2021 by comparison to $90 million USD in Q1 2020. Overall, the U.S. saw nearly a 20% increase of hand tool imports in Q1 2021 by comparison to Q1 2020. India increased their exports to the U.S. by nearly 76% during Q1 2021 and Spain increased their exports by nearly 51% in Q1 2021. On the other hand, Japan exported 24% less in Q1 2021 by comparison to Q1 2020 and Brazil exported 20% less in Q1 2021 by comparison to Q1 2020.
The U.S. has been experiencing widespread delays at the ports, specifically those west coast ports where most of the goods sailing from Asia are imported into. Major retailers are reporting some shortages due to these port delays, but ultimately the supply chain remains relatively fluid and stable. Despite all these recent disruptions in the supply chain, imports of hand tools appear to have normalized during the first quarter of 2021. United States - Import 2020 - Q1 Product HS (6)
General Total Value CIF (USD)
%
2021 - Q1
General Quantity
%
820790 - Interchangeable tools others, and parts thereof, of base metal 820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal 820411 - Spanners and wrenches, hand-operated, nonadjustable, and parts thereof, of base metal
79,941,595 26.99
128,128,890 42.16
55,788,825 18.84
71,596,200 23.56
820540 - Screwdrivers, and parts thereof, of base metal
32,074,388 10.83 31,082,606 10.50
820740 - Tools for tapping or threading, and parts thereof, of base metal 820412 - Spanners and wrenches, hand-operated, adjustable, and parts thereof, of base metal 820720 - Dies for drawing or extruding metal, and parts thereof, of base metal 820510 - Drilling, threading or tapping tools, and parts thereof, of base metal Total
50,796,457
17.15
General Total Value CIF (USD)
%
Volume Change
General Quantity
%
General Total Value CIF (USD)
%
General Quantity
%
95,875,248 27.01 106,908,125 34.38
15,933,653
19.94 ▼21,220,765 ▼16.57
69,259,666
24.15
19.51
70,591,601 22.70
13,470,841
38,189,971 12.57
66,785,828 18.82
55,266,450 17.77
15,989,371
31.48
17,076,479
44.72
48,355,448
15.91
40,488,790
11.41
56,560,389
18.19
8,414,402
26.24
8,204,941
16.97
10,824,200
3.57
31,390,920
8.85
13,635,442
4.39
308,314
1.00
2,811,242
25.98
6,393,023
28.90
1,220,878
20.54
59,842
15.94
▼1,004,599 ▼1.41
22,128,209
7.47
5,946,258
1.96
28,521,232
8.04
7,167,136
2.31
21,983,758
7.43
375,579
0.13
20,406,051
5.75
435,421
0.15
▼1,577,707 ▼7.18
2,463,253
0.84
534,882
0.18
2,310,651
0.66
449,547
0.15
▼152,602 ▼6.20
▼85,335 ▼15.96
58,779,295
7,062,683
296,259,091 100.00
303,951,428 100.00
355,038,386 100.00 311,014,111 100.00
19.85
2.33
Hardware & Fastener Components - no.52/2021
Of the subcategories of hand tools with an increased demand in Q1 2021 are 820790 which increased by 20%, 820420 which increased by 24% and 820411 which increased by 31%. The only two subcategories where there appeared to be a decrease in Q1 2021 are 820720 (decreased by 7%) and 820510 (decreased by 6%).
119
Industry Focus >> US Exports of Hand Tools While U.S. exports significantly less than it imports, Q1 2021 accounted for $150 million USD of hand tools. The U.S. exported $4.6 million USD more in Q1 2021 by comparison to Q1 2020 which was only a 3.18% increase. Of all the subcategories of hand tools, 820790 increased by 12% which accounted for $5.9 million USD. Other subcategories such as 820411 and 820510 decreased in Q1 2021 by comparison to Q1 2020. The pandemic impacted U.S. exports of hand tools, specifically in Q2 and Q3 2020. During Q2 of 2020, U.S. exports of hand tools dropped to $110 million USD, and then slightly increased to $121 million USD in Q3 2020. It is without a doubt that the U.S. exports the majority of hand tools to their neighboring countries, Mexico and Canada. Canada accounted for 30% of hand tool imports from the U.S. while Mexico accounted for 15% in 2020. The U.S. exported nearly 23% more to Canada in Q1 2021 by comparison to Q1 2020, however, hand tool exports to Mexico remained relatively stagnant in Q1 2021 by comparison to the same time in 2020. U.S. exports to China, Japan and Germany increased in Q1 2021 by comparison to Q1 2020 which accounted for 68% of the total exports of hand tools. United States - Export 2020 - Q1 Country of Destination
FOB Value (USD)
%
2021 - Q1
Quantity
FOB Value (USD)
%
%
Volume Change
Quantity
%
FOB Value (USD)
%
Quantity
%
Canada
36,410,120
25.03
1,650,807
12.29
44,661,594
29.76
1,892,526
13.51
8,251,474
22.67
241,719
14.65
Mexico
21,410,719
14.72
5,759,475
42.85
21,207,030
14.13
6,720,687
47.95
▼203,689
▼0.96
961,212
16.69
United Kingdom
10,138,114
6.97
1,706,190
12.70
8,627,065
5.75
576,043
4.11
Japan
6,840,054
4.71
294,967
2.20
8,114,209
5.41
302,268
2.16
1,274,155
18.63
7,301
2.48
Germany
6,366,939
4.38
387,682
2.89
8,071,527
5.38
547,521
3.91
1,704,588
26.78
159,839
41.23
Australia
5,990,468
4.12
202,012
1.51
6,010,763
4.01
227,946
1.63
20,295
0.34
25,934
12.84
China
4,499,944
3.10
179,780
1.34
5,526,110
3.69
547,822
3.91
1,026,166
22.81
368,042
204.72
S. Korea
3,401,037
2.34
239,677
1.79
2,352,199
1.57
184,114
1.32
▼1,048,838 ▼30.84
▼55,563 ▼23.19
Belgium
2,674,983
1.84
95,432
0.71
1,948,195
1.30
65,259
0.47
▼726,788 ▼27.17
▼30,173 ▼31.62
France
2,303,120
1.59
37,617
0.28
2,599,581
1.74
64,888
0.47
296,461
12.88
27,271
72.50
145,471,254
100.00
13,442,769
100.00
150,085,812
100.00
14,018,624
100.00
4,614,558
3.18
575,855
4.29
Total
▼1,511,049 ▼14.91
▼1,130,147 ▼66.24
United States - Export 2020 - Q1
Hardware & Fastener Components - no.52/2021
Product HS (6)
120
FOB Value (USD)
%
2021 - Q1
Quantity
%
FOB Value (USD)
%
Volume Change
Quantity
%
820790 - Interchangeable tools others, and parts thereof, of base metal
49,265,495 33.87
5,406,842 40.23
55,257,663 36.82
6,498,650 46.36
820411 - Spanners and wrenches, hand-operated, non-adjustable, and parts thereof, of base metal
35,462,071 24.38
2,429,450 18.08
33,641,171 22.42
3,099,327
820720 - Dies for drawing or extruding metal, and parts thereof, of base metal
14,340,515
9.86
548,752
4.09
15,722,569 10.48
515,256
3.68
820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal
13,122,794
9.03
798,732
5.95
14,963,663
9.98
981,646
820740 - Tools for tapping or threading, and parts thereof, of base metal
10,921,112
7.51
1,246,721
9.28
10,332,475
6.89
820412 - Spanners and wrenches, hand-operated, adjustable, and parts thereof, of base metal
10,664,245
7.34
199,589
1.49
9,804,419
820540 - Screwdrivers, and parts thereof, of base metal
6,871,883
4.73
2,737,600 20.37
820510 - Drilling, threading or tapping tools, and parts thereof, of base metal
4,823,139
3.32
Total
6.6%
10.1% 10.6%
0.56
17.8%
%
Quantity
%
5,992,168
12.17
1,091,808
20.20
22.11 ▼1,820,900
▼5.14
669,877
27.58
1,382,054
9.64
▼33,496
▼6.11
7.01
1,840,869
14.03
182,914
22.91
1,320,037
9.42
▼588,637
▼5.39
73,316
5.89
6.54
329,913
2.36
▼859,826
▼8.07
130,324
65.30
6,914,956
4.61
1,197,995
8.55
43,073
3,448,896
2.30
75,800
0.63 ▼1,539,605 ▼56.24
0.55 ▼1,374,243 ▼28.50
145,471,254 100.00 13,442,769 100.00 150,085,812 100.00 14,018,624 100.00
32.8%
6.9%
75,083
FOB Value (USD)
4,614,558
3.18
717
0.96
575,855
4.29
Interchangeable tools others, and parts thereof, of base metal Hand-operated spanners and wrenches, nonadjustable, and parts, base metal, other Dies for drawing or extruding metal, and parts thereof, of base metal Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal Tools for tapping or threading, and parts thereof, of base metal Hand-operated spanners and wrenches, adjustable, and parts, base metal, other Open-end, box and combination open-end and box wrenches, base metal Screwdrivers, and parts thereof, of base metal Files and rasps including rotary, interchangeable, and parts Drilling, threading or tapping tools and parts thereof, of base metal
Industry Focus >> United States - Export 2020 - Q1 Product HS (6)
FOB Value (USD)
%
2020 - Q2
Quantity
%
FOB Value (USD)
%
2020 - Q3
Quantity
FOB Value (USD)
%
%
2020 - Q4
Quantity
FOB Value (USD)
%
%
Quantity
%
820790 Interchangeable tools others, and parts thereof, of base metal
49,265,495 33.87
5,406,842 40.23
41,970,142 38.15
5,543,938 52.92
44,762,329 36.78
5,565,415 42.97
51,859,466 37.78
6,290,363 44.86
820411 - Spanners and wrenches, handoperated, nonadjustable, and parts thereof, of base metal
35,462,071 24.38
2,429,450 18.08
25,588,005 23.26
1,723,358 16.45
26,346,769 21.65
2,381,305 18.39
30,241,321 22.03
3,225,665 23.01
820720 - Dies for drawing or extruding metal, and parts thereof, of base metal
14,340,515
9.86
548,752
4.09
10,919,287
9.93
376,118
3.59
14,506,742
11.92
432,468
3.34
13,694,392
9.98
494,263
3.53
820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal
13,122,794
9.03
798,732
5.95
10,347,235
9.41
649,279
6.20
12,166,951 10.00
783,790
6.06
14,444,616 10.53
1,134,331
8.09
820740 - Tools for tapping or threading, and parts thereof, of base metal
10,921,112
7.51
1,246,721
9.28
7,129,090
6.48
824,189
7.87
7,684,267
6.32
1,233,063
9.52
8,608,029
6.27
937,686
6.69
820412 - Spanners and wrenches, handoperated, adjustable, and parts thereof, of base metal
10,664,245
7.34
199,589
1.49
6,163,044
5.61
152,098
1.46
6,370,829
5.24
167,151
1.30
7,958,769
5.80
343,036
2.45
820540 - Screwdrivers, and parts thereof, of base metal
6,871,883
4.73
2,737,600 20.37
4,795,308
4.36
1,160,863
11.08
5,973,137
4.91
2,309,947 17.84
6,597,758
4.81
820510 - Drilling, threading or tapping tools, and parts thereof, of base metal
4,823,139
3.32
3,105,867
2.83
47,555
0.46
3,892,990
3.20
3,893,897
2.84
Total
145,471,254 100.00
75,083
0.56
13,442,769 100.00 110,017,978 100.00
10,477,398 100.00 121,704,014 100.00
81,619
0.64
12,954,758 100.00 137,298,248 100.00
1,511,245 10.78
86,191
0.62
14,022,780 100.00
United States - Export 2020 - Q1 %
2020 - Q2
Quantity
%
FOB Value (USD)
%
2020 - Q3
Quantity
%
FOB Value (USD)
%
2020 - Q4
Quantity
%
FOB Value (USD)
%
Quantity
%
Canada
36,410,120
25.03
1,650,807
12.29
26,973,084
24.52
1,145,735
10.94
38,948,862
32.01
1,798,664
13.89
43,327,274
31.56
1,643,330
11.72
Mexico
21,410,719
14.72
5,759,475
42.85
14,007,046
12.74
5,369,201
51.25
15,229,117
12.52
5,341,751
41.24
18,281,343
13.32
7,065,012
50.39
United Kingdom
10,138,114
6.97
1,706,190
12.70
6,048,154
5.50
791,576
7.56
7,034,240
5.78
2,009,111
15.51
6,870,841
5.01
973,877
6.95 1.93
Japan
6,840,054
4.71
294,967
2.20
6,768,995
6.16
208,306
1.99
5,665,346
4.66
235,463
1.82
5,695,360
4.15
270,306
Germany
6,366,939
4.38
387,682
2.89
7,186,438
6.54
301,229
2.88
6,410,054
5.27
416,171
3.22
7,432,033
5.42
437,378
3.12
Australia
5,990,468
4.12
202,012
1.51
4,950,606
4.50
182,347
1.75
6,879,048
5.66
270,097
2.09
6,306,883
4.60
262,503
1.88
China
4,499,944
3.10
179,780
1.34
5,617,892
5.11
278,881
2.67
5,251,170
4.32
227,303
1.76
4,793,010
3.50
254,062
1.82
S. Korea
3,401,037
2.34
239,677
1.79
2,446,346
2.23
174,734
1.67
2,287,399
1.88
170,109
1.32
2,275,097
1.66
200,814
1.44
Belgium
2,674,983
1.84
95,432
0.71
1,053,088
0.96
23,436
0.23
1,512,644
1.25
75,327
0.59
1,739,789
1.27
47,772
0.35
France
2,303,120
1.59
37,617
0.28
1,485,028
1.35
22,508
0.22
2,000,695
1.65
41,519
0.33
1,743,644
1.27
38,751
0.28
Total
145,471,254 100.00
13,442,769 100.00 110,017,978 100.00
10,477,398 100.00 121,704,014 100.00
12,954,758 100.00 137,298,248 100.00
14,022,780 100.00
The Future of Hand Tool Trade The U.S. continues to see a rise in the housing market which is largely composed of new construction. With the newly planned residential housing development, the demand for commodities within the hand tools categories is expected to increase exponentially in 2021. It’s promising to see Q1 2021 imports of hand tools to the U.S. increased when compared to Q1 2020 as it’s expected to set the stage for the demand further in 2021. With so many countries ramping up manufacturing and production thanks for the work force becoming vaccinated and returning to full capacity, supply is expected to remain stable in order to fulfill the global demand for hand tools.
Hardware & Fastener Components - no.52/2021
Country of Destination FOB Value (USD)
121
122 Hardware & Fastener Components no.52/2021