Sign In  |  Join Free  |  Contact |  Help

Home > News

  • The 5th Face to Face ChinaFastener Purchasing Meeting closed in a success on June 21

    The 5th Face to Face ChinaFastener Purchasing Meeting closed in a success on June 21

    By Ivan Su| 2018-06-21 00:00:00

    The 5th Face to Face ChinaFastener Purchasing Meeting was jointly held by Chinafastener.com and Fastener Expo Shanghai on the second day as a concurrent event of the exhibition. Near 30 professional purchasers and 150 high-quality fastener suppliers in China was invited to meet at a specially-built meeting room for discussion and communication. The purchasers included some globally well-known distributors, such as Bossard, Wurth, Fastenal, Reyher and other famous companies. The organizer also invited India Fastener Association to take part in the meeting.Bossard FastenalWurthRehyerIndia Fastener AssociationThe Meeting was divided into three parts and lasted from 9:30 a.m. to 15:30 p.m. All purchasers and suppliers were following the guidance of the organizer to meeting and communicate in order. Most of purchasers said that they were satisfied with the Meeting and the suppliers. They have made their decisions to cooperate with some of the suppliers and they will make formal cooperation agreement after the Meeting. The buyers said that the Meeting save their time in finding their target suppliers. Face to Face ChinaFastener Purchasing Meeting has been successfully held for 5 sessions. It is a cost-efficiency and time-efficiency purchasing activity, which provides convenience for purchasers to find suitable suppliers for target fasteners efficiently.About ChinaFastener.comChinaFastener.com is an excellent B2B platform and a well-known media company in China for fastener industry. It aims at providing a platform for purchasers and suppliers to communicate and cooperate with each other. The company publishes a semi-annual magazine called ChinaFastener Magazine, which is released in many international exhibitions, such as Fastener Expo Shanghai, Fastener Fair USA, M-tech Nagoya, etc.About Fastener Expo ShanghaiFastener Expo Shanghai 2018, jointly hosted by ITE Asia Exhibitions Limited and Shanghai ITE Ebseek Exhibition Co., Ltd., was held at the National Exhibition & Convention Center (Shanghai) from June 20 - 22, 2018. As the largest and most influential fastener exhibition in Asia, the show covers all aspects within fastener industry such as various fastener products, equipment and related technology that vividly represents the entire industry. Exhibiting products included non-standard components, fasteners for industrial application, fastener manufacturing technology and equipment, mould and consumables for fasteners, raw materials, and even related supporting products and techniques. Fastener Expo Shanghai 2019 will be hosted during June 26-28 at National Exhibition and Convention Center (Shanghai).
  • Fastener Expo Shanghai 2018 kicked off on June 20, 2018 at National Exhibition and Convention Center (Shanghai)

    Fastener Expo Shanghai 2018 kicked off on June 20, 2018 at National Exhibition and Convention Center (Shanghai)

    By Ivan Su| 2018-06-20 00:00:00

    The 9th Fastener Expo Shanghai 2018 kicked off on June 20 at National Exhibition and Convention Center (Shanghai), a new venue different from last edition. As the official media, ChinaFastener.com took part in the exhibition (Booth 3A616 and Booth 2A820) with the latest issue of ChinaFastener Magazine to bring the first-hand news of one of the top three largest fastener exhibitions in the world. The edition this year attracted near 600 exhibitors highlighting their high-quality products and service, including Jiangsu Washen, Zhejiang Xinchun, Yuyao Xintai, Ningbo ABC, Foshan Kuiloon, Dongguan Donglong, Wafios, FIXDEX FASTENING, Shanghai Rivet, Suzhou New Metallography, Ningbo Ningli, Dongguan Sanhewlett, Shenzhen Manjun, Wenzhou Kaixu, Relia Hardware, Zhejiang Showstrong, Yuyao Biao'er, Zhejiang Morgen Brother, Handan Fuqiang, Kinfast Hardware, Xin Chang Jiang, Hangzhou Lizhan, Pinghu Kangyuan, Jiashan Xueyu, Jiaxing Zhengying, Jiaxing ChinaFar, Wenzhou Fengding, Dongtai Qinbiao, Wenzhou Jinsheng, Zhejiang Bullet, Uni-Protech Fasteners, Zhejiang Sansega, Jiaxing Xingxin, Jiangsu Yagu, Jiaxing Yuxiang, Zhenhai Huazhi, Zhejiang Ansheng, Shanghai Fast-Fix, Hebei Chengzhi, Jiaxing Port Lixin, Foshan Sailuk, Zhejiang Zhongbiao, Suzhou YNK, Foshan City Guangqingchang, Ningbo Aohan, etc.Exhibited products covered machines, standard products, non-standard fastener, molds and dies, etc.  It's no doubt that the exhibition was a celebration of China fastener industry again in June. Hatebur & Carlo Salvi, one of the most famous companies in hot and cold massive forming also exhibited at the expo with a huge well-decorated booth. The exhibition attrached plenty of professional purchasers from all over the world, such as Germany, Russia, Japan, South Korea, the USA, India, etc. What's more, the 5th Face to Face ChinaFastener Purchasing Meeting was jointly held by Chinafastener.com and Fastener Expo Shanghai on the second day as a concurrent event of the exhibition. Near 30 professional purchasers and 300 high-quality fastener suppliers in China was invited to meet at a specially-built meeting room for discussion and communication. The purchasers included some globally well-known distributors, such as Bossard, Wurth, Fastenal, Reyher and other famous companies. The organizer also invited India Fastener Association to take part in the meeting. Another great concurrent event was ChinaFastener Summit held on the same day of the Purchasing Meeting at Le Méridien Shanghai, Minhang by Luosi.com and ChinaFastener.com. Three professionals in fastener industry were invited to the Summit to give a speech respectively based on the theme of "Intelligent Practice and Development Trends in the Fastener Industry". Near 300 China fastener companies' leaders attended the Summit to hear the speeches and to discuss the development tendency of fastener industry in China.The expo continued to meet the development needs of this ever changing industry, it went on to reach new record high. Fastener Expo Shanghai 2019 will be held on June 26-28, 2019 at National Exhibition and Convention Center (Shanghai).Hatebur & Carlo SalviJiangsu WashenZhejiang XinchunNingbo ABCKinFast HardwareDongtai QBFoshan SailukJiaxing ChinaFarShenzhen ManjunYuyao XintaiHandan RuiqiangZhejiang BulletWenzhou JinshengWafiosFoshan KuiloonSuzhou YNKWenzhou FengdingHandan FuqiangSuzhou New MetallographyJiashan XueyuYuyao Biao'er
  • Fastener Expo Shanghai 2018, Asia’s Leading Trade Fair for Fastener Industry, will take place on June 20-22

    Fastener Expo Shanghai 2018, Asia’s Leading Trade Fair for Fastener Industry, will take place on June 20-22

    By CFM| 2018-05-18 00:00:00

    Fastener Expo Shanghai 2018, Asia’s Leading Trade Fair for Fastener Industry will come to its 9th edition on June 20-22, 2018 at National Exhibition & Convention Center (Shanghai), co-sponsored by ITE Asia Exhibitions Limited and Shanghai ITE Ebseek Exhibition Co.,Ltd. The number of exhibitors will be around 800 with expecting number of professional visitors more than 28000. The exhibition will cover an area of 60,000 sqm. As we can see in the 2017 Expo, 742 exhibitors coming from 13 countries / regions including Belgium, France, Germany, Israel, Italy, Japan, South Korea, Netherland, UK, USA, China, Hong Kong and Taiwan region.Themes such as "advanced manufacturing", "high-tech materials" and "close link to End-user" are to be the main focus, with the aim to drive the next take-off of the fastener industry. During the exhibition, some concurrent activities will take place. For example, Face to Face ChinaFastener Purchasing Meeting will held on June 21, 2018 at the same venue of the exhibition, organized by ChinaFastener.com. The Meeting will provide a platform for purchasers and suppliers to communicate.China Fastener Summit will be held on the same day of the Meeting. At the meeting, several professionals from the fastener industry will show up as speakers to make speeches based on the theme "The Pratice and Development Trend of Intelligentization in Fastener Industry". More than 300 Chinese companies leaders will take part in the show.Here are parts of the other Onsite Conference & Activities, High performance fastener in typical mounting applications, Latest development in vehicle light weight designing, Solutions for fastener installation fault and malfunction, Latest surface finishing treatments and its impact on the properties of fasteners, New bolt loosen prevention technique in transmission and distribution tower construction, Computer aid engineering simulation technology in fastener heat treatment, Bearing capacity of new chemical anchor bolt and its application in construction, Anti-seismic fastener and its application in high building construction.There will be several theme zones, including Taiwan Group Pavilion, Haiyan Group Pavilion, Jiashan Group Pavilion, Pinghu Group Pavilion, Automotive Fastener Pavilion, Stainless-steel Fastener Pavilion.Background:With the adjustment and transformation of the industrial structure gaining momentum in China, China's fastener industry currently presentsboth opportunity as well as challenge. At the forefront of industry development, Fastener Expo Shanghai, Asia’s largest and the world’s most influentialtrade show in fastener industry, has not only been catering to emerging markets in China and abroad, but also providing an excellent platform for fastenersuppliers from worldwide to gain access to these regions.Scope of Exhibits:1) Fastener and FixingIncluding Standard fasteners, Non-standard fasteners, Stamping and lathe parts, variousfasteners for specific applications;2) Fastener Manufacturing EquipmentIncluding Fastener manufacturing equipment, fastener materials, molds and consumables,testing equipment, packaging equipment and other related production technology and equipment.Parts of the Exhibitors:Jagular Industry Ltd., TaiwanZhejiang Dongrui Machinery Industry Co.,Ltd.Suzhou Jinyuan Fastener Co., Ltd.SRC METAL (Shanghai) Co., Ltd.Shanghai Changbiao Hardware Mechanical Co.,Ltd.Anchor Fasteners Industrial Co.,Ltd.Zhejiang Sanlin Metals Products Co.,Ltd.Haiyan Hongmao Hardware Products Co., Ltd.Wenzhou Fengding Fastener Manu. Co., Ltd.Dongguan KAO-MENG Machinery Co.,Ltd.Ningbo Swikuo Machinery Co.,Ltd.Changshu standard factorySuzhou YNK Fastener Co., Ltd.RIVET Precision Hardware Manufacturing Co., Ltd.Carlo SalviFischer Instrumentation Ltd. HiayanJingbeeing Metal Products Co.,Ltd.Tainan Chinchang Electrical Co., Ltd.Jia Shan San Yung Electric Furnace Industry Co., Ltd.SUMON Industrial (Jiashan) Co., Ltd.Tainan Chinchang Electrical Co., Ltd.JiashanSanyung Electric Furnace Industry Co., Ltd.Suzhou New Best Wire Tech Co., Ltd.Wuxi Aotian Steel Wire Products Co.,Ltd .……Online pre-registrationBenefits:1) Have the chance to upgrade as VIP2) No need for queuing3) 1 Free Show Catalogue4) Participate in all concurrent events5) Get an exhibition souvenirLink: http://shen.fastenerexpo.cn/site/viewer06Contact us:ITE Asia Exhibitions Limited、Shanghai ITE Ebseek Exhibition Co.,Ltd.Mrs:Wendy WeiTEL:+86 21-6180 6789 ext 860Email:[email protected]: http://shen.fastenerexpo.cn/site/viewer06
  • The 5th Face to Face ChinaFastener Purchasing Meeting is about to kick off on June 21

    The 5th Face to Face ChinaFastener Purchasing Meeting is about to kick off on June 21

    By CFM| 2018-05-11 00:00:00

    ChinaFastener.com, the most excellent B2B platform for fastener industry is organizing the 5th Face to Face ChinaFastener Purchasing Meeting which will be held at National Exhibition & Convention Center (Shanghai) on 21, June, 2018. The Meeting is one concurrent event of Fastener Expo Shanghai 2018, the biggest fastener expo in Asia. The Meeting has been successfully held for 4 sessions. It aims to provide one communication and cooperation platform for the purchasers and suppliers in fastener industry, confirmed by the organizing committee of the exhibition.ChinaFastener.com will help to accurately match the urgent order of international purchasers in advance so these purchasers can communicate with suppliers face-to-face during the meeting to find excellent suppliers for target fasteners efficiently.Face to Face ChinaFastener Purchasing Meeting is an innovative business communication model which is totally different from the traditional meetings. This is a cost-efficiency and time-efficiency purchasing activity. Taking this chance of high gathering of suppliers, we sincerely invite you to join in the meeting!If you are interested in participating in the meeting, please send your urgent order information to [email protected] before 30 May 2018. The first 30 purchasers have the chance to be offered 2-night specified hotel for free!If you have any question or need further assistance, please feel free to contact us atEmail:   [email protected]:     86-20-82270680Skype: live:buyer_186

Industry Activities

By China Fastener Magazine ,2019-05-15 00:00:00

By Xin Zhiming ,2019-03-28 00:00:00

Profits of China's industrial firms posted their biggest fall in the post-global financial crisis era in the first two months of this year, official data showed on Wednesday.Analysts said this a reflection of the overall weakening economy, but profit growth of those firms may gradually pick up starting from the second quarter as the country's supportive policies take effect.Profits registered by the country's industrial firms in the January-February period fell by 14.0 percent year-on-year to hit 708.01 billion yuan ($105.4 billion), the National Bureau of Statistics (NBS) said on Wednesday. It marked the biggest slump since May 2009.The data combines figures for January and February to iron out possible distortions as a result of disrupted economic activities during the annual weeklong Lunar New Year holiday. The festival falls either in January or February.After deducting the effect of the Lunar New Year holiday, which started from early February this year, the cumulative profit growth of industrial firms in the first two months was largely at the same level as that a year ago, said Zhu Hong, a senior official of the NBS.The falling profit growth in some major industries, such as auto, oil processing, steel and chemicals, accounted for almost all of the profit growth slump of industrial firms, said Zhu.The sharp decline in industrial profits reflected the weakening in growth of the world's second-largest economy, which expanded at 6.6 percent year-on-year in 2018. The government has taken a number of measures, such as injecting liquidity into the market to facilitate financing of manufacturing industries and small enterprises and increasing infrastructure investment, to boost growth."The profit growth of industrial firms in the first two months of this year is in line with the falling trend seen since late last year and it is a reflection of the downside economic growth pressure," said Hu Chi, a researcher at the research center of the State-owned Assets Supervision and Administration Commission.The central government has vowed to cut taxes and fees and expand effective investment to keep the country's economic growth within 6 percent and 6.5 percent this year, according to the Government Work Report released at this year's session of the National People's Congress.Central departments are implementing the policies put forward in the report, which will boost industrial production and economic growth, Hu told China Business News.In the past, whenever China witnessed negative corporate profit growth, it accelerated infrastructure investment, loosened restrictive real estate policies and cut taxes to boost growth, said a China Merchants Securities research report. "We expect industrial profit growth to gradually pick up starting from April and become positive in the second quarter of this year."Source: China Daily 

By CFM ,2019-03-25 00:00:00

Raw Materials

By CFM ,2018-03-30 09:19:17

On Mar. 29, 2018 Spring Reception of Fastener Industry Association of Guangdong Province was held at Foshang Luhu Interntanional Convention Center. A total of 500 people in China attended the Reception including experts, suppliers, distributors, materials suppliers, purchasing agents, fastener making machines suppliers, representatives of associations and media companies in China fastener industry.On the afternoon, the guests brought their product samples and brochures to displayed their companies before the official meeting. The official meeting began at 5:00 p.m., with the speech of Mr. Chen Jutian, president of Fastener Industry Association of Guangdong Province. He expressed his ideas in the development of fastener industry. He said, the development and popularity of the Internet and E-commerce brought new opportunities to fastener industry. However, fastener industry is somewhat different from other industries. He hoped all fastener companies could keep developing new products and technologies to upgrade their companies.Mr. Chen JutianFollowing the speech of Mr. Chen, Yao Haiguang, executive vice-president of CHINA GENERAL MACHINE COMPONENTS INDUSTRY ASSOCIATION (CMCA) and Mr. Yu Ruyong from CMCA-China Fastener Industry Association addressed the conference.Mr. Yao HaiguangMr. Yu RuyongDuring the conference, the association awarded prizes to new members. Mr. Yang Junfeng, chairman of Chinafastener.com presented prizes to the members. With the theme of "Discussing about new future of fastener industry", the conference aimed at gather industrial workers to discuss about the topic together to make a better future for fastener industry in Guangdong.

Company News

By Abhijat Sanghvi ,2018-08-23 00:00:00

Bengaluru, India – Bengaluru-based manufacturer of precision fasteners, Paragon Fasteners has acquired Kuduma Fasteners Pvt Ltd that manufactures high tensile fasteners and cold headed components for automobile and industrial applications. Kuduma Fasteners is a tier 1 vendor to many Southern India-based auto majors.Kuduma has its presence for more than three decades in the Fasteners industry. The company has an in-house state-of-the-art continuous furnace along with a wire processing facility with a total installed capacity of 300 tonne a month.With almost all machinery from Taiwan, multi-station Bolt Formers with a range starting from M 4 to M 16 with up to 250 mm long (up to M 8), it makes for an ideal facility for a Fasteners enthusiast.The acquisition of Kuduma has added another feather in the Paragon’s cap as it has a major strategic advantage with the above facility, which can be utilized for heat treatment and wire processing too, thereby adding to the bottom line of the company. The highly experienced VS Venkatraman would be heading the competent and dedicated workforce. Established in 1996, with a small capacity for making precision fasteners, Paragon Fasteners today boasts of a large capacity and range to produce precision fasteners in both ferrous and non-ferrous metals catering to major OEMs of automobile, machine manufacturers, electronics, electrical, furniture manufacturers, etc. The company has since then acquired some big names in the industry such as Kadimi’s Fasteners Unit (2001), Electronic Fasteners (2008), and EkaEngg Technics (2011-12). The acquisition of Kuduma is the biggest till date. With this, Paragon has carved a niche for itself with the largest range of standard and custom-made import substitute cold forged fasteners and an in-house heat treatment unit and a wire drawing unit.Quote box:The acquisition of Kuduma has been a long-standing dream for us. With this, Paragon has carved a niche for itself with the largest range of standard and custom-made import substitute cold forged fasteners and an in-house heat treatment unit and a wire drawing unit.” Dilip Sheth, CEO, Paragon FastenersSource: Fasteners Association of India www.fastenindia.com

By Optimas ,2018-08-23 00:00:00

In engineering a lot of focus is centred on complex systems and assemblies. Every manufacturer has a specialised approach, or systems that help to define a brand. However, from a logistics point of view, every component is of equal importance. A shortage of a single, small bolt over an entire assembly can cause a production shutdown. Optimas Solutions, a global industrial distributor and service provider of c-class components, employs fasteners experts on the ground at its partners’ manufacturing facilities to combat this. But how do you, as a professional, successfully integrate with these businesses to improve their approach to components and their supply?To define the ideal approach, we spoke to a number of leading Optimas Solutions components specialists regarding their relationship with customers, and the methodologies they employ to become an information source for all fastener concerns.Questioning the normalIan Larkin, Optimas Solutions Customer Application EngineerThe first step of any fastener relationship must be to gain familiarity with the customer’s operations. Past experience in an industry can be important here, but leading manufacturers will enact varying approaches to achieve a finished product, so gauging specific customer requirements is important. Hence the advantage of having a fastener expert on the ground; someone operating off site would not be able to reach the level of understanding required to accurately address specific fastener issues.As a fastener partner, we have to fit an ‘ideal standard’. We are working with big global customers who are driven to succeed, so we have to respect current processes and enhance the policy towards components to the specific requirements of the manufacturer.The easiest way to gauge these requirements is during a line walk. We will travel the entire production line looking at points of use, while asking basic questions to see what we can tweak or possibly improve. This way we can meet the key figures on the line, while also taking a focused approach to tackle fastener problems on the ground. We don’t want to tear up the customer’s rulebook, but if we can point out a cost saving or alternative option to production staff, we will do so.A good example of the benefits this can provide to manufacturers is highlighted byone particular customer.We noticed a washer that wasn’t strictly necessary was being added to a flange screw. We found washers at multiple points of use, so we posed the question to the assembly team. It turned out that during the design of the product, the head engineer had requested the inclusion of washers to improve the aesthetic of the overall product. We were able to demonstrate that the washers were unnecessary for the application, and as a result, delivered an annual cost saving of $30,000 - a massive result when the cost of washers is considered.You can utilise engineering expertise as part of a sales function, but it also adds value to our customers. By making sure that we don’t make presumptions, we start an open relationship with the customer in close proximity. This builds trustand lessens the impact of implementing new methodologies.By getting involved with the product and seeing how it is used, people on the ground can get a deeper insight into possible solutions.Becoming an information sourceGerry Abraham, Customer Application Engineer at Optimas SolutionsA key aspect of integrating with a manufacturer’s operations is responsiveness. Such businesses work in exacting timeframes in all aspects of their work, whether full scale production or prototyping a new product. Fastener suppliers who simply supply components can leave manufacturers with the impression that if a component problem arises, they alone must solve the issue. Optimas Solutions aims to differentiate itself by working together with purchasing, design and engineering teams within the business to aid problem solving.One project comes to mind, which was in relation to design engineering activity for a new diesel engine. A bolted joint for the turbo mounting was backing off during testing. The result was that the turbo itself was coming loose, producing excessive noise in operation. The manufacturer approached us for a solution. We connected the customer with a number of suppliers to help rethink the situation. The customer trialed 3 or 4 recommended locking type fasteners to replace the problem part, before selecting a preferred option. Ultimately, we wanted to give the customer choice and a chance to improve performance, so they could be confident in the part going forward.By undertaking research into component issues and displaying honest knowledge regarding fasteners, an OEM manufacturer can gain increased confidence in a fastener partner. Backed by a personal relationship with the manufacturer’s teams, all component issues will be forwarded to the fastener experts with total confidence.Cross departmental communicationChris Sterner, Engineering Program Manager at Optimas SolutionsCommunicating fastener solutions throughout a business is another primary concern for an embedded fastener expert. This ensures that once a fastener challenge is overcome, the solution is transmitted to other projects where it can be utilised efficiently.By starting this dialogue from the beginning, efficiency and response is improved. In addition, close contact means that specific fastener solutions can be enacted across multiple projects. Open dialogue regarding each other’s projects allows wider implementation of identified solutions, instead of starting from scratch every time a potential problem arises. By standardising solutions, you also deliver cost and efficiency benefits.Consistent presence is important for these customers. We try to breed familiarity by being present at design reviews, which is a lot more beneficial to the manufacturer than simply being on the end of a phone. It also allows us to share solutions, as each fastener problem we solve allows us to convince these varied groups within a business that we can be trusted to deliver.By ensuring a consistent presence, fastener experts can effectively manage the balance between cost, engineering integrity and design efficiency. This means that despite the sometimes conflicting goals of those involved in fastener specification, all concerns can be tackled simultaneously and effectively to enable improved efficiency.Providing guidance on fasteners affects the activities of the purchasing, design, engineering and assembly teams – so being able to balance the requirements of each of these groups is paramount. Regular face-to-face contact is the optimum method, helping to build relationships between teams and delivering a fast response. Ultimately, a fastener expert must communicate across each department to achieve the perfect balance.Going furtherChris Sterner, Engineering Program Manager at Optimas SolutionsBecoming a fully integrated fastener expert means taking the emphasis on component knowledge away from the manufacturer. Manufacturers therefore aren’t required to familiarise themselves regarding available standard parts, availability, material standards or overall usage – enabling time to be spent on other areas of the business. To become this trusted partner, you have to go the extra mile.One story really fits this philosophy. One of our experts was asked to demonstrate some fasteners that were mentioned during a customer meeting. As he didn’t have these samples readily available at the meeting, he took pictures of the fasteners that were installed on his own car. He even took out a number of fasteners from the vehicle so he could share samples with the customer and demonstrate their usage. While quite an extreme approach, it was certainly effective in demonstrating the solution to the customer.The capabilities of the service also goes a long way. Our access to failure mode analysis and full technical studies means we can provide exact answers to tackle fastener application issues. If we don’t have an answer ready for the customer immediately, this capability means we can react as fast as possible with a high technical proficiency. If it’s a unique problem, as fastener experts we can also learn from similar experiences, so the benefits of shared knowledge are also available.Demonstrating the ability to exceed expectation means increased confidence and reliance. This can make a fastener expert more indispensable than a traditional fastener supplier, as customers are confident that any challenge will be met with the same committed and methodical approach.Changing preconceptions on fastenersFasteners are the only assets on a production line that are used uniformly, but with engineering typically focusing on landmark innovations, the emphasis upon them can be diminished. As a fastener expert, challenging this preconception is all part of the job.Chris concludes: “Fasteners may be the most inexpensive components that a manufacturer utilises on a production line, but they are one of the most critical. A lack of fasteners will shut down production just as much as complicated components, so we must demonstrate to our customers that the expertise we deliver can provide reliable service no matter the challenge. It is this philosophy that means we can help support the day-to-day fastener demands of market-leading manufacturers.”About Optimas SolutionsOptimas is a global distributor of fasteners and c-class products. Optimas at its core is a provider of integrated supply chain solutions and engineering support focused on delivering highly engineered fasteners to world-class customers around the world. Optimas has a diverse, global team of approximately 1,600 individuals, over 60 distribution centers, 9 quality labs and 2 manufacturing locations to support the complexities of our customers’ industries, enabling them to achieve their goals and be successful.

Exibition & Association News

By CFM ,2019-05-24 00:00:00

From May 22nd to 23rd, Fastener Fair USA was held in Detroit. Journalist of ChinaFastener.com came to this exhibition with 25th ChinaFastener Magazine 華人螺絲.There were more than 260 exhibitors, which mostly were American local enterprises. Chinese enterprises included: Beijing Jinzhaobo High Strength Fastener Co., Ltd., Cixi Hexie Fastener Co., Ltd., Laizhou Ruifu Auto Parts Co., Ltd., Ningbo Jinding Fastening Piece Co., Ltd.Beijing Jinzhaobo High Strength Fastener Co., Ltd.Cixi Hexie Fastener Co., Ltd.Laizhou Ruifu Auto Parts Co., Ltd.Ningbo Jinding Fastening Piece Co., Ltd.Detroit is a famous industrial center throughout the world, which is known as “the Motor City”. Headquarters of Ford, GM, Chrysler are located here. Other important industries include steel, airplane, tank, chemistry and metal processing, etc.According to statistics published by General Administration of Customs, P.R. China, in 2018, China’s export value to the U.S. rose by 11.3% and import value from the U.S. rose by 0.7%. China reserved large trade surpluses with the U.S. with year on year growth of 17.2%, which the amount was US $ 323.32 billion. In contrast, the U.S. trade deficit with China increased to US$ 621 billion, which was the highest standard since 2008.China’s international markets have become more diversified. Driven by “the Belt and Road”, in the first four months, China’s export to EU, ASEAN, Korea and Russia respectively increased by 14.2%, 13.4%, 7.7% and 9.1%.As the conflict between China and the U.s. becomes more intense, China’s export enterprises are actively developing other markets. For example, there are more than 17,000 export enterprises in Ningbo, Zhejiang, which 90% is small and medium sized, and 80% of them exports goods to the U.S. In the first quarter of 2019, the percentage of exporting to the U.S. only accounted for 20%. In the top 10 trade partners, apart from the U.S., the rest increased to some extent, especially in ASEAN, Rassia and Brazil markets, which respectively increased by 22.3%, 51.7% and 23.9%.Mr. Liu Shijin, former deputy director of Development Research Center of Development Research Center of the State Council said “We should take an objective and rational look at the current challenge. The upgrade of the China-US trade war will indeed affect the export of goods, or even put heavy burdens on economy in a short term, but the influence is limited.”

By CFM ,2019-04-27 00:00:00

During April 25th to 26th, the 7th edition of Fastener Fair India Mumbai was held successfully. Journalist of ChinaFastener.com came to the exhibition with the 25th issue of ChinaFastener Magazine 華人螺絲 to get the latest information on India’s fastener market.Exhibits included industrial fasteners, construction fasteners, installation systems, fastener production technology and equipment, etc.204 exhibitors from around the world attended this fair. The majority of exhibitors were from India, mainland China, Germany, Korea and Japan. Most of the exhibitors attended Fastener Fair India for the first time, and they stated that they were satisfied with the result. Buyers were enthusiastic, although it took longer time to negotiate.More than 60 exhibitors were from mainland China and Taiwan, including Jiangsu Washen Fastener Manufacture Co., Ltd., Shanghai UAZNC Precision Technology Co., Ltd., Zhejiang Eyason Intelligent Technology Co., Ltd., Jiaxing City Qunbang Hardware Co., Ltd., Yihong Environmental Machinery (Suzhou) Co., Ltd., Foshan Guangqingchang Metal Plastic Co., Ltd., Jiaxing Xuanyue Standard Fastener Co., Ltd., etc.Jiangsu Washen Fastener Manufacture Co., Ltd.Shanghai UAZNC Precision Technology Co., Ltd.Zhejiang Eyason Intelligent Technology Co., Ltd.Yihong Environmental Machinery (Suzhou) Co., Ltd.Foshan Guangqingchang Metal Plastic Co., Ltd.Thousands of visitors came to this fair. They were mainly from electronics, automotive, metal industries. Many buyers would like to purchase molds, washers and rivets, etc.According to the Global Competitiveness Report published by the World Economic Forum, India scored 62.02 points out of 100 in 2018, which broke a record in history. This means that the competitiveness in India is increasing rapidly. With the fast development in economy, the demand for fastener in India is also increasing dramatically, especially in automotive and infrastructure field.According to statistics published by UN Comtrade, during 2014 and 2018, value of import of fastener that imported to India has been increasing year after year. In particular, the growth in 2018 made a big shot. In 2018, quantity of import of fastener was 268,394,280 kilograms, with year on year growth of 27.55%. Value of import even exceeded US$ 1 billion, with year on year growth of 43.08%. Average unit price of import was US$ 4.31 per kilogram, with year on year growth of 12.18%.Table 1: Import of fastener in India from 2014 to 2018YearQuantity of Import (KG)Value of Import (USD)Average Unit Price2014134,670,455721,679,4105.36 2015170,556,664691,171,3214.05 2016161,231,296692,380,6114.29 2017210,426,003807,603,2913.84 2018268,394,2801,155,529,6114.31 On the contrary, during 2014 and 2018, quantity of export was between 230 – 250 million kilograms, after a drop in 2015. In 2018, quantity of export was 253,730,257 kilograms, with year on year growth of 7.77%. Value of export was US$ 579,815,786, with year on year growth of 18.94%. Average unit price of export was US$ 2.29 per kilogram, with year on year growth of 10.36%.Table 2: Export of fastener in India from 2014 to 2018YearQuantity of Export (KG)Value of Import (USD)Average Unit Price2014302,896,000982,799,8873.24 2015254,192,702552,016,6472.17 2016232,348,176459,202,4491.98 2017235,436,930487,499,7762.07 2018253,730,257579,815,7862.29 By comparing the import and export, it can be seen that India has a great demand for fasteners. Meanwhile, fastener industry in India is developing very quickly. Industry chain has come into being. Over 70% of fastener manufacturers are gathering in Ludhiana, where manufacturers of raw materials, moulds, surface treatment, hot treatment and equipment can be found.Ludhiana, located to the north of Delhi, is the industrial center in northern India. The BBC has called it India's Manchester. The World Bank ranked Ludhiana as the city in India with the best business environment in 2009 and 2013. Ludhiana is Asia's largest hub for bicycle manufacturing and produces more than 50% of India's bicycle consumption of more than 10 million each year. Ludhiana produces 60% of India's tractor parts and a large portion of auto and two-wheeler parts. Besides, it is one of the largest manufacturers of sewing machines, hand tools and industrial equipment are other specialties.As one of the most important automotive manufacturing centers in the world, India has replaced Germany to be the fourth biggest automotive consumption market, and it is expected that it can surpass Japan to be the third biggest automotive consumption market in three years. According to statistics published by LMC Automotive, in 2018, 3.99 million commercial vehicles and passenger vehicles were sold in India, with year on year growth of 8.3%.In recent years, India has been speeding up the pace of the localization of electric vehicles. In order to encourage automotive manufacturers to assembly automobiles in India, Indian government has decided to reduce the tariff of relevant parts from 15% to 10%.In addition, India is trying to produce military equipment by domestic manufacturers, rather than import from abroad. Up until now, Indian government has released over 300 national defense licenses to more than 200 enterprises, some of which are private enterprises. For example, Tata Group, a renowned company in India, has signed an agreement with a U.S. arms manufacturer to produce F16 combat aircrafts on a large scale.With the fast development in economy, Indian government invests heavily in infrastructure, mainly in highways, renewable energy and city transportation. According to the budgets in fiscal year 2019 to 2020 published by India government, budgets of some segments are as follows:Project NameBudget (USD)Communications5.36 billionRailways9.25 billionHighways11.51 billionRenewable energy540.53 billionTelecom equipment1.16 billionAccording to Ministry of Commerce, P.R. China, up until January, 2019, China is India’s third largest export destination, and the largest origin of import. Goods imported from China were mainly industrial products. For example, imported goods relating to electric machines, nuclear reactors and chemical products account for 62.5% of all the goods imported from China. It can be concluded that India has a great demand for parts made in China.China and India are building a closer business relationship, and it is expected that cooperation will be strengthened in the near future.

Fastener News

By Optimas ,2018-07-06 00:00:00

Optimas OE Solutions Holdings, Inc. LLC announced in June the acquisition of the US-based Circle Bolt & Nut Co., Inc. (CBN) located in Kingston, PA. “We are pleased to have Circle Bolt & Nut join our team. We are convinced that this is the right investment for Optimas to expand beyond our current base of business,” stated Anesa Chaibi, Chief Executive Officer. The acquisition supports the Optimas growth strategy into product adjacencies and enhanced MRO capabilities.Jim Castellino, CBN President & CEO, added, “I’m very excited for our company to become a part of the Optimas family. Together we will be able to provide exceptional value to our customers.” As a premier supplier of a wide variety of parts and components, CBN services Original Equipment Manufacturers and Maintenance Repair Operating needs of industrial companies by providing Vendor Managed Programs that utilize state of the art technology. “Circle Nut & Bolt enables Optimas to accelerate our expansion into small and medium sized accounts,” said Christian Wiltrout, President, Americas.The transaction also diversifies the portfolio of Optimas customers across multiple industries. “The addition of Circle Bolt & Nut to our Optimas family is another positive step forward in accelerating the execution of our growth strategy and company transformation,” stated Anesa Chaibi.About Optimas OE Solutions Holdings, LLC (“OPTIMAS”)Optimas is a leading, global provider of integrated supply chain solutions and engineering support focused on delivering highly engineered custom fasteners and other “C” Class components, such as fittings, clamps, bearings, and rivets, to our global customer base of large, industrial companies as well as small and medium-sized companies. Optimas specializes in the delivery of highly engineered fastener hardware and components across multiple industries and continents.About Circle Bolt & Nut Co., Inc.Circle Bolt & Nut Co., Inc. is an international supplier of fasteners, specialty hardware, and value added services with worldwide sourcing and distribution capabilities. Since 1979, CBN has grown from one facility in Northeast Pennsylvania to national coverage through seven full service branches and other satellite warehouse and service locations.Source: Optimas OE Solutions Holdings, Inc. LLC

By ,2018-04-23 00:00:00

Reed Exhibitions Japan Ltd., the largest trade show organizer in Japan announced that Manufacturing World Japan 2018is coming back at Tokyo Big Sight from June 20 - 22, 2018 with the largest scale in its history. It is world’s leading trade showfor the manufacturing industry.Held with the Largest Scale Ever!According to the huge supports from manufacturing industry of Japan and all around the world, the number of exhibitors in 2018 is expected to reach 2,580. This figure is the largest ever in the history ofManufacturing World Japan. The number of visitors is expected to be 90,000and they will pack the show floor during 3 days show period. From the survey of visitor pre-registration, motivation of visitors for purchasing from exhibitors is extremely high.All kinds of Industrial Subcontracting & Motion Technologies (Bearings/Motors, FA Technologies, Springs, CNC Turned/Milled Parts, etc.), Industrial IT Solutions (CAD, CAM, Industrial IoT/AI & 3D Printers, etc.), Medical Device Design & Development (Medical parts/Electronic Components, Medical Materials, etc.), 3D and Virtual Reality technologies and solutions are gathering.More International Exhibitors - Great Meeting Platform for Global Business!The number of international exhibitors of 2018show is expected to be 420. This is also the largest number in Manufacturing WorldJapan’s history.Huge Number of Major Companies are Exhibiting!Many major companies from all around the world are exhibiting in Manufacturing World Japan 2018.They are unveiling the world’s latest or world’s cutting-edge technologies/solutions/products which are “must-see” for all professionals working in manufacturing industry. Don’t miss this opportunity to catch up the world’s latest solutions for manufacturing!Keynote & Special Sessions – Industry leaders address their latest topicsKeynote & Special Sessions will be held as the concurrent events of trade show. Top industry leaders from global leading companies such as MAZDA MOTOR, NEC, OMRON, HONDA MOTOR, HITACHI, FUJITEC, STRATASYS, DESKTOP METAL, NISSAN MOTOR, OLYMPUS, UNIVERSITY OF TOKYO etc. will reveal their latest topics for manufacturing innovation, IoT technology, smart factory, IT strategy for manufacturing industry,etc. 11,718 attendees in 2017 show.<Bilingual Keynote Session (V-K)> English & Japanese-Alfonso E. Albaisa, Senior Vice President, Nissan Motor Co., Ltd.- Susumu Tachi, Ph.D., Professor Emeritus, The University of Tokyo- Michitaka Hirose, Dr., Professor, Graduate School of Information Science and Technology,The University of Tokyo<Bilingual Special Session (D-S2)> English & Japanese- Hiroaki Katayama, President & CEO, Stratasys Japan Co., Ltd.- RicFulop, CEO and Co-founder, Desktop Metal, Inc.Information of Manufacturing World Japan 2018- 2,580* exhibitors, 90,000* visitors (*expected figures) -Dates: June 20 (Wed) - 22 (Fri), 2018Venue: Tokyo Big Sight, JapanOfficial website: http://www.japan-mfg.jp/en/tokyo/For Visitors (FREE)Exhibition Ticket Request: http://www.japan-mfg.jp/en/tokyo/inv/VIP Ticket Request: http://www.japan-mfg.jp/en/vip/Group Visit (For More than 6 persons): http://www.japan-mfg.jp/en/inv_group/----Contact-------------------------------------------------------Organiser: Reed Exhibitions Japan Ltd.Manufacturing World Show ManagementErika Suzuki (Ms.)TEL: +81-3-3349-8506mailto:[email protected]-------------------------

logo

Free Submit for Publication

Fastener News,Import & Export Statistics Reports,Industrial Actives,Exhibition,Forum etc.are welcome

word,image,excel,txt,pdf,rar,zip only

Hot Fastener News

快乐时时彩b盘