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Latest EU Fastener Trade Statistics for 2019 
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News

News
Shanghai Prime Machinery Foresees Mid-term Profit Loss
 
 
Shanghai Prime Machinery Foresees Mid-term Profit Loss
        Shanghai Prime Machinery (SPM) foresees a consolidated net loss of RMB 30 to 40 million for the first six months of 2020. The company says that the COVID-19 escalating into a global pandemic has urged governments from around the world to enforce various measures which put a temporary stop to the manufacturing facilities of most SP... more
2020-07-01
News
Maryland Precision Spring, an MW Industries Company, Achieves AS9100D/ISO 9100:2015 Certification
 
 
Maryland Precision Spring, an MW Industries Company, Achieves AS9100D/ISO 9100:2015 Certification
       Maryland Precision Spring is pleased to announce its achievement of AS9100D and ISO 9100:2015 certification. AS9100 registration is an aviation, space, and defense quality standard, based on the ISO9001 quality management system and supported by the International Aerospace Quality Group (IAQG).         Mar... more
2020-06-29
News
Danish OnRobot Releases a Smart Screwdriver Offering Out-of-the-box Setup
 
 
Danish OnRobot Releases a Smart Screwdriver Offering Out-of-the-box Setup
      Denmark-based OnRobot introduced the OnRobot Screwdriver. Unlike conventional single-piece screwdriveing systems, this all-new automated solution can work in various applications, and therefore, manufacturers can automate highly repetitive screwdriving process with speed, simplicity and flexibility, depending on actual nee... more
2020-06-22
News
Torqx Capital Partners Acquires Fabory, Specialist in Fasteners
 
 
Torqx Capital Partners Acquires Fabory, Specialist in Fasteners
      Torqx Capital Partners (“Torqx”) is pleased to announce that it has reached an agreement with W.W. Grainger Inc. (“Grainger”) with regards to the acquisition of 100% of the shares of Fabory and its subsidiaries (“Fabory” or “the Company”). Fabory is a leading specialist supplier of fastener... more
2020-06-18
Exhibitions
TAIWAN INTERNATIONAL HARDWARE SHOW
 
 
TAIWAN INTERNATIONAL HARDWARE SHOW
2020-10-13 ~ 2020-10-15
visit us at

      Due to the COVID-19 pandemic, many global hardware trade fairs this year have been postponed to 2021. However, Taiwan’s success in combating the coronavirus has made it possible for the Taiwan Hardware Show (THS) 2020 to take place as scheduled during 13-15 October at the Taichung International Exhibition Center, making it the only hardware and hand tools trade show taking place worldwide this year.
   
      The organizer Kaigo and co-organizer, the Taiwan Hand Tool Manufacturers' Association (THTMA), have enjoyed a long-term partnership that continues to increase the event scale and expand business opportunities. Faced by the challenges of COVID-19, both organizations have determined to highlight Taiwan’s manufacturing prowess, and have planned strategically in advance to seize future opportunities during the economic recovery. The Organizers are committed to helping businesses rise to the challenges that COVID-19 has presented as well as generating more business opportunities.
   
      Taiwan has dealt with COVID-19 in the best way possible, resulting in the supply chain and manufacturing industries of Taiwan rather unaffected. As such, the event this year is likely to attract more international buyers. During the pandemic, Kaigo has stayed connected with the global hardware industry by contacting international buyers and media via EDM, sharing Taiwan’s successful experience of containing the virus while reassuring potential visitors that hardware production continues business as usual. Kaigo has also highlighted the advantages of THS as an optimal one-stop sourcing platform that facilitates new product displays, business negotiations, and factory visits. With Taiwan’s top performance in fighting COVID-19, Kaigo is dedicated to providing the safest and best environment possible for exhibitors and international buyers to do business.
     
      Hsin-Te Huang, Chairman of the THTMA, suggested that Taiwan’s hand tools industry should “seek business opportunities amid crisis, and leverage the opportunities to set new records.” In post COVID-19, businesses prepare for a recovery in the hand tools business, they should also keep an eye on how the US-China trade disputes continue to shape the global supply chain network. Product orders diverted from China, as well as diversifying outsourcing manufacturing risks are all factors that international companies will begin to consider in developing their procurement strategy. As such, the industry has to plan ahead during the pandemic. “An economic crisis is generally followed by waves of new industry growth, and the current global situation has presented Taiwanese businesses a great opportunity to join the trade show and prove themselves as reliable and trust-worthy partners to buyers,” said Fang-Wei Hsiao, Coordinator of the Market Development Division at THTMA.
 
      As the global spread of COVID-19 slows down, and nations worldwide start to ease their lockdown restrictions, the global economy is expected to be back on track in the second half of the year. Relatively free from the impact of the coronavirus, industries in Taiwan will be able to respond quickly to pent-up demands of the global market. This October, the top three metal trade fairs in Taiwan will take place. Taipei AMPA, THS, and Taiwan International Fastener Show—will take place in Northern, Central, and Southern Taiwan respectively. Together, the three events are set to demonstrate the capabilities and potential of Taiwan’s metal industry to the fullest.
 
      Among those three, THS will kick-off the event series. In response to the stay-at-home economy boosted by the pandemic, the organizer Kaigo has set up five main exhibit areas featuring: Tools & Accessories, Garden & Outdoor Equipment, Locks & Fittings, Building Supplies, and Safety Equipment & Products. Another three exhibit areas are also in place as the industry recovers, including Automotive Supplies & Accessories, Fasteners & Fittings, and Machines & Plant Equipment. The eight exhibit areas in total will join Taiwan’s hardware and hand tools businesses in setting another brilliant business record. Kaigo is now also launching event services to meet the needs of all participants during the pandemic. For more information on THS, please visit http://www.hardwareshow.com.tw.

10-13 ~ 10-15 , 2020
Exhibitions
GUANGZHOU INTERNATIONAL HARDWARE EXPO
 
 
GUANGZHOU INTERNATIONAL HARDWARE EXPO
2020-10-13 ~ 2020-10-15
visit us at Pazhou International Sourcing Centre

● Best business opportunities CIHE 2020 will be held during the period of the “Canton Fair”, the “First and Foremost Expo of China”. About more than 200,000 buyers from more than 100 countries and regions all over the world attend the fair each year. We will take full advantage of the vast resources of global buyers of the Canton fair in various ways and channels. Meanwhile, with the organizing committee customer relation invitation system, we will send invitations to more than 300,000 buyers at home and abroad, to interact with buyers of the “Canton Fair”, to promote our Expo with the power of the “Canton Fair”, and to make up for the inadequacy of the “Canton Fair” domestic sales, forming the function of “domestic & overseas, supplementing each other”. Relying on the huge attendance of the “Canton Fair”, hundreds of thousands of buyers from home and abroad will gather in the Expo, booming both domestic sales and exports. The Expo, with unlimited business opportunities and inestimable market potential, and showing great business opportunities, will be an important platform for developing domestic and foreign markets! ● Prime location The Guangzhou Pazhou International Sourcing Center is just across a road from the Canton Fair Exhibition Hall. It has been seamlessly butted with the Canton Fair Exhibition Hall, connecting exhibition areas of similar products of Canton Fair and forming perfect connections. The Sourcing Center is just more than 200 meters away from Exit A of Pazhou Station of Guangzhou Metro Line 8, providing transportation convenience for domestic and foreign customers’ visit, purchase, negotiation and transaction. ● Purchase team The Expo will invite numerous hardware application market industry buyers, suppliers and international famous purchasing logistics associations of China, the United States, Germany, France, the United Kingdom, Canada, New Zealand, Italy, Brazil, Mexico, Spain, Russia, Ukraine, Turkey, Sweden, Czech Republic, Hungary, Africa, the Middle East, Japan, Korea, Pakistan, India, Indonesia, Singapore, Vietnam, Cambodia, Laos, Thailand, Hongkong, Macao, Taiwan and other countries all over the world, to organize and lead delegations to the Expo for visit, purchase, negotiation and transaction. ● Exhibition returns You can: communicate face to face with all domestic and foreign purchasing decision makers, make deals with potential customers, expand brand influence among professional customers; establish domestic and overseas distribution network, develop domestic and foreign markets; show your new products, new technologies; develop new markets; know your competitors and the industry trends; know the latest international technology and information; make appointments with old customers and develop new business. ● Organizers The Expo, being co-organized by a number of organizers at home and abroad, is an international brand event of hardware industry held by Guangzhou Zhongqi Exhibition Co., Ltd, according to the principle of "Specification, Internationalization and Branding". The Expo has both government support and participation of industry authorities. During the Expo, leaders from the ministry of commerce and the provincial and municipal governments, and industry authorities will visit the Expo and attend the opening ceremony. ● High-end forum The Expo will invite authoritative experts in the hardware industry, to discuss several hot topics such as the latest news, development trends, division pattern and relative countermeasures of domestic and overseas hardware application markets, make in-depth reports on the development status and problems of China’s hardware industry, make research reports on the market condition of China’s hardware industry, and give detailed speeches on product development, technological innovation, etc. During the Expo, we’ll arrange influential enterprises in international hardware field to make lectures and communications on their products introduction, latest technology trends, etc. We plan to invite senior Chinese government officials, relevant experts, scholars, representatives of famous international institutions, famous hardware product suppliers, buyers, enterprise representatives of China hardware industry and other professional visitors to attend the Expo. Its’ industry guidance and authority are anticipating. The Expo is the trend vane for China's hardware industry development and international exchange and cooperation and will be the best platform to obtain hardware industry information and grasp international market. ※ Introduction to Expo China, which has become a major hardware processing and export country in the world, has huge market and consumption potentiality. For Guangdong, one of the most developed regions in China, hardware industry is an important pillar industry. Guangzhou, as China’s main foreign trade window and the central city of the Guangdong-Hong Kong-Macao Great Bay Area, has being leading the rapid development of the surrounding cities such as Shenzhen, Zhuhai, Dongguan, Foshan, Zhongshan, Jiangmen, Huizhou, etc., with technological innovation. The scale of its hardware manufacturing industry is expanding and presenting a good trend of large-scale and diversification. With the transformation and upgrading of the hardware products industry, a new foreign trade structure will be created, and the export volume of new high-tech products will increase. To promote the huge demand of hardware application market, actively respond to the state's initiative to accelerate the transformation of economic development pattern, help Chinese manufacturing enterprises achieve transformation and upgrading and improve enterprise competitiveness, and preferably meet the peoples’needs for better life, under the leadership of competent authorities at all levels, Guangzhou Zhongqi Exhibition Co., Ltd, together with industry authorities, will hold the “China Guangzhou International Hardware Expo 2020” (CIHE 2020) in Guangzhou Pazhou International Sourcing Center from October 13th to 15th, 2020. With our geographic advantages, we will help the enterprises expand export channels more efficiently and focus on the huge market with trillions of domestic demands, which will surely bring exports and domestic sales booming. We will provide domestic and foreign Expo participants with an international trade platform for expanding business, exchanging technologies, showing strength, acquiring information, developing relations with customers, promoting new products and seeking business partners, with new ideas. We will provide more cooperation opportunities for the global hardware industry and vigorously promote the Chinese hardware products into the global sourcing system, to coordinate and cooperate with the hardware industry of various countries in the world for mutual benefit, win-win result, common development and progress. ※ Exhibition Categories ◆ Tools:Hand Tools, Power Tools, Pneumatic tools, Mechanical tools, Grinding abrasives, Welding tools, Tool accessories; ◆ Lock, work safety and accessories:Locks & Keys, Security Equipment & Systems, Work safety & protection, Lock accessories; ◆ Processing Equipment:Metal processing equipment, Testing equipment, Surface treatment equipment, Pump & valve; ◆ DIY and Building Hardware:Building Materials & Components, Furniture hardware, Decorative metalware, Fasteners, Nails, wire & Mesh; ◆ Garden Tools ◆ Bathroom. ※ Target audience Hardware & building materials dealers, agents, import and export traders, multinational chain retailers, international purchasing giants, designers of decoration engineering, architectural engineering and real estate fine decoration projects, buyers, automobile, mechanical engineering, mould, hardware manufacturing, equipment manufacturing, distribution, logistics, authentication, finance, media and upstream and downstream of the industry chain and end users, etc. ※ Exhibition schedule Registration and installation of exhibits:October 11-12, 2020 Exhibition time:October 13-15, 2020 Dismantle of exhibits:October 15, 2020 ※ Participation procedure ● The applicant should fill in the “Participating-exhibition application” carefully, the person in charge must sign and seal it, and then fax them with business license to the committee. Transfer the fee in advance(or 50% deposit) to the assigned account number within seven days after applying, then assure the place for exhibition, and pay off the balance before April 1, 2020. ● If the participant wants to transfer the exhibition stand to other companies without permission, the sponsor has the right to revoke his exhibition booth and won’t return participation fees. Uproot fake, inferior and tort goods;If the participant’s exhibits do not assort with exhibition requirements, the sponsor will reserve the right of disqualifying and not returning participation fees. ● Stand and Advertising are arranged by the subcommittee, our distribution principles: “apply first, pay first, get first” The assistant unit will be given priority arrangement; the finial right for stands adjustment will be reserved by subcommittee. Without the permission, the qualification of exhibition will be withdrawn if the businessman wants only to transfer the exhibiting place, uproot fake and inferior goods. ● After transfering all fees, the participants fax the transfer bank receives to subcommittee for reference. Invoice will be issued by the subcommittee financial section in the spot or post according to your request. The fee for exhibition will not be returned if they resign during the course. If the exhibition stops because of some unresisting factors (such as war, nature disaster, epidemic situation, administrative decree), both sides needn’t abey to the contract, and ascertain responsibility of the other side’s breaking the contract, the fees of the participants will be returned. ● The Admission Notice and handbook about participating in the exhibition will be posted, sent or e-mail to all the participants before one month of the exhibition. Welcome you all to participate in the exhibition. Applications and registrations are now being processed and please contact the organizing committee. It is better to make full use of CIHE 2020 to consolidate your position on the market. Contact:Miss Lin E-mail:13268009241@139.com www.cihe.cc

10-13 ~ 10-15 , 2020
Exhibitions
Fasteners World Middle East 2020
 
 
01-13 ~ 01-16 , 2020
Exhibitions
M-Tech Tokyo 2019
 
 
02-06 ~ 02-08 , 2019
Exhibitions
Fastener World’s Exhibitions Footprints in 2019
 
 
Fastener World’s Exhibitions Footprints in 2019

The location of Sharjah has made it become one of the most important economic and transportation hub that connects the East with the West since the 20th Century...M-Tech Tokyo,Automechanika Ho Chi Minh City,Istanbul Hardware Fair,Fastener Fair Stuttgart,M-Tech Nagoya,Fastener Fair India,Ningbo Fastener Spring and Manufacturing Equipment Exhibition,Taipei AMPA,Subcon Thailand,International Fastener Manufacturing Exposition,Fastener Fair USA.......more
2019~2020

Industry Activities

Industry Activities
Bulten Acquires Minority Post in TensionCam Systems AB
 
 
Bulten Acquires Minority Post in TensionCam Systems AB
       Bulten has acquired newly issued shares in TensionCam Systems AB for a purchase price of SEK 6 million. After the acquisition, Bulten becomes the owner of 27% of TensionCam's shares. Thus, Bulten and TensionCam will deepen their cooperation in the development of wireless clamp force monitoring of screw joints.   &nbs... more
2020-06-29
Industry Activities
Toyota Resumes All Production in Southeast Asia
 
 
Toyota Resumes All Production in Southeast Asia
      Toyota's automotive assembly plants in Southeast Asia have all resumed production. In Asia, Toyota Kirloskar Motor located in India is the only remainder that is left closed.         Shah Alam, which is Toyota's automotive assembly plant in Malaysia, stopped production due to COVID-19 but now has re... more
2020-06-19
Industry Activities
Tri-Star Providing COVID-19 Ventilator Fasteners
 
 
Tri-Star Providing COVID-19 Ventilator Fasteners
       As the effect of the COVID-19 pandemic rapidly advanced across the United States, GM/Ventec, and other medical equipment manufacturers continue their aggressive timetable to ramp-up production of ventilators that have been in short supply. Local Connecticut based manufacturer Tri-Star Industries, an MW Industries company, has been ... more
2020-06-18
Industry Activities
Sheh Fung Revenues Down 25.64% in May, but First 5 Months Cumulative Revenues up 8.87%
 
 
Sheh Fung Revenues Down 25.64% in May, but First 5 Months Cumulative Revenues up 8.87%
      On May 6, Sheh Fung Screws reported its May revenues at NTD 142 million, down 25.64% over May 2019. The company explained this was mainly attributed to the coronavirus pandemic in the U.S. and Europe, which influenced the arrangements of delivery.         Additionally, increased new product delive... more
2020-06-12

Technology

Governments / Associations

Governments / Associations
USMCA Comes into Effect on July 1st
 
 
USMCA Comes into Effect on July 1st
         After 3 years of negotiation, articles revision, and Parliaments approval procedures in USA, Mexico, and Canada, the all-new United States-Mexico-Canada Agreement (USMCA) has officially become effective since July 1st, 2020. The purpose of this new Agreement is to exempt relevant tariffs and lift certain trade barriers in th... more
2020-07-06
Governments / Associations
Registration Open for the International Fastener Expo 2020
 
 
Registration Open for the International Fastener Expo 2020
         Registration is open at www.fastenershows.com for the International Fastener Expo (IFE) 2020. IFE 2020 will continue to take place as scheduled on Sept. 29-30 at the Mandalay Bay Convention Center, Halls C & D, in Las Vegas, Nevada. The expo is North America’s most extensive business-to-business tradeshow of its ki... more
2020-06-29
Fastener World Events
Fastener World Events
2018 Activity Review: ISO/IEC 17025:2017 & AIAG CQI 9/11/12 Seminars
 
 
2018 Activity Review: ISO/IEC 17025:2017 & AIAG CQI 9/11/12 Seminars
In the year end of 2018, Fastener World Magazine and the industry well-known speaker Mr. Billy Liu worked together to hold the ISO/IEC 17025:2017 & AIAG CQI 9/11/12 seminars, which attracted the registration of many professionals from Taiwan fastener industry. Contents lectured in the seminars made participants understand more about relevant topics.... more
2020-02-14
Fastener World Events
2019 Christmas Celebration Party at Fastener World HQ
 
 
2019 Christmas Celebration Party at Fastener World HQ
On the night of Christmas in 2019, the whole team of Fastener World Magazine gathered together in front of the tall Christmas tree with brilliant decorations and several gifts piled on the ground. We enjoyed lots of gourmet dishes and hotpots and had really a very fun time in the gift exchange activity. The continuous laughs fully revealed the energy of... more
2020-02-14