Global New Products and Technologies in Fasteners for the Second Half of
Analysis of China's Fastener Import and Export in the First Three Quarters of 2024
EU's Fastener Import and Export Data in 2023
ChinaFastener.com 2024 Global Business Trip - Japan Station
CFM at Korea Metal Week: Empowering Chinese Businesses to Expand Overseas
A Comprehensive View of Russia's Fastener Market 2025 Fastener Exhibitions
CHINFAST Pioneering Fastener Innovation and Global Market Expansion
Development History
Founded in 2005, CHINFAST boasts two wholly-owned factories, namely Joystart Automotive Parts (Zhejiang) Co., Ltd. and Haiyan Yousun Enterprise Co., Ltd., with an export volume of 8,000 containers in 2023. Deeply rooted in the fastener industry, CHINFAST has established business relationships with more than 500 enterprises worldwide. To further strengthen its connection with the demands of first-tier retailers and distributors in Europe and the United States, CHINFAST Co., Ltd., which has been specializing in industrial fastener production for nearly 20 years, has actively expanded its business over the past five years. It has extended its business from the original focus on the manufacturing of multi-purpose wood screws, timber screw and decking screws to DIY fastener packaging services, aiming to create a new milestone for the sustainable development of the enterprise in the everchanging global market.
Product Highlights
The main products of CHINFAST are multi-purpose wood screws, trumpet head wood screws, and various window
fastener series. Its patented pointed tail design offers superior speed performance compared to ordinary fasteners. Meeting the 1,200-hour salt spray requirement allows customers with anti-corrosion and rust-proof requirements to use them with greater peace of mind. CHINFAST is currently developing a product with a double-cut tail, which is in the trial production stage. The patented double-cut tail design elevates the product's performance to a new level. This product combines the advantages of wood screws, self-tapping screws, and selfdrilling screws, providing customers with a brand-new and efficient user experience.
Quality Control System
The ERP smart factory management system ensures the traceability of all products from production to packaging. CHINFAST is equipped with double first-class laboratories, and the production process strictly follows the ISO9001 system.
With 15 QC personnel, each batch of products must undergo initial inspection, process inspection, warehousing inspection, packaging inspection and final inspection, with records kept online for each step to ensure traceability. The responsibility of CHINFAST's QC personnel is to prevent any defective products from reaching customers. CHINFAST is equipped with advanced cold heading equipment imported from Taiwan, China, which has more stable performance. At the same time, the workshop is equipped with automatic three-dimensional warehouses, automatic packaging lines and AGV robots, which play an important role in the company's production and packaging of high-quality fasteners.
Overseas Market
Europe is one of the main markets of CHINFAST. In the future, CHINFAST will continue to develop deeply in Europe and expand into the South American and Australian markets. It is believed that with the expansion of these markets, CHINFAST's export volume will reach a new high.
Future Development
As the president of Jiaxing Fastener Import and Export Association, General Manager Yu Fengming has spared no effort to develop the fastener export business. CHINFAST is an enterprise with 20 years of experience in fastener exports, holding ETA and CE certifications, as well as SMETA and BSCI reports. The automated production and packaging standards of JOYSTART also provide a guarantee for CHINFAST to explore emerging markets. At the same time, as a factory with an average anti-dumping tax rate in Europe, YOUSUN benefits a larger number of European customers. CHINFAST is familiar with the needs of various markets and can quickly and accurately meet customer requirements, providing customers with high-quality after-sales service. In addition, CHINFAST has an experienced DIY packaging team, which has unparalleled competitiveness in terms of both financial strength and product professionalism.
FEATURED COMPANY
The Evolution of Jungu: A Decade of Progress and Innovation
ADecade of Development
In 2014, Suzhou Jungu Precision Moulding Co., Ltd. was established in Taicang City with an initial team of only 10 members and a small number of machine tools made in China. After a decade of dedicated effort, the company has expanded to over 80 employees and is equipped with a large number of advanced imported mold processing machine tools. This transformation was accompanied by numerous challenges and adjustments.
In 2016, to join the supply chain system of China's leading automotive fastener company 7412, Jungu began developing a quality management system and successfully obtained ISO 9001 certification. In 2018, Jungu provided support for a foreign-invested fastener factory in Suzhou, making significant investments in the introduction of advanced international mold processing machine, which greatly improved the mold manufacturing capabilities. The quality and precision of the products have earned the praise of the German management and have helped maintain a stable supply relationship. In 2019, Jungu successfully provided
supporting services for Apple supply chain customers. Given Apple's stringent requirements for mold dimensions and appearance, the company once again upgraded its processing machine and optimized mold processing techniques. Ultimately, these efforts met the high standards of the customers, elevating the precision of the molds to the top level in the fastener industry. Starting from 2021, Jungu began providing supporting services for a German Fortune 500 company who had strict requirements for mold inspection items. In response, Jungu establish a testing center and introduced various testing equipment from the Japanese brand Mitutoyo, enabling full-scale mold testing capabilities and positioning its testing standards at the forefront of the industry.
Professional Manufacturing
Since its establishment in 2014, Jungu has evolved into a specialized fastener mold manufacturing enterprise integrating design, production and sales services. Jungu has a skilled technical team that strictly adheres to operational standards, ensuring real-time monitoring and management throughout the entire production process. Focusing on the R&D and the production of cold heading molds, Jungu's products range includes multi-station bolt molds, nut molds, cold extrusion molds and vertical forging molds, which are widely used in various sectors such as aerospace, automotive industry and consumer electronics.
Jungu's strengths lie in its exceptional mold precision (with an inner hole diameter tolerance as precise as 0.005mm), mirror-like surface finish (Ra0.03), and highly stable mold service life (with a fluctuation rate of 1%). To ensure production quality, the company selects imported tungsten steel and mold shell materials, and is equipped with highprecision machinery from Japan, Europe and the United States.
Furthermore, Jungu has established a mold testing center equipped with advanced testing equipment from Mitutoyo, Japan. All testing personnel are certified by third-party institutions and hold professional qualifications. Testing tools are regularly calibrated to ensure accuracy and reliability. Through close collaboration among personnel, machinery, materials, methods, and the environment, Jungu effectively guarantees the stability of mold quality and the reliability of mold lifespan.
Comprehensive Services
Jungu specializes in customization based on drawings, ensuring that the molds produced meet customer requirements in terms of both tolerance and appearance. Additionally, Jungu boasts strong R&D capabilities, enabling it to tailor exclusive mold design solutions according to customers' specific needs and accelerate new product development. This helps customers secure market orders and further enhances their expertise in the development of nonstandard fasteners.
Furthermore, Jungu has access to advanced Italian 6-die 6-punch cold heading machines, offering professional "mold testing and sampling" services to ensure international customers receive molds with exquisite and stable
craftsmanship. Meanwhile, Jungu also offer "cold heading processing" services to mass-produce fastener products for customers.
Leveraging its strong technical strength and talent advantages, Jungu has always been committed to providing customers with cost-effective products and services. Over the years, it has maintained a leading position in the industry and was one of the first to pass the ISO 9001 quality management system certification.
Diversified Market Strategy
Currently, Jungu's overseas market strategy focuses on countries such as Germany, Poland and Turkey. In the future, the company plans to expand into markets in Southeast Asia, the Americas and East Asia. To ensure prompt response and deep service to overseas customers, Jungu has established a professional foreign trade service team in Germany.
Future Development
Jungu will continue to invest in advanced processing machine to expand manufacturing capacity and shorten delivery cycles. Meanwhile, Jungu will further strengthen management by collaborating with professional training organizations to enhance the overall quality and professionalism of the management team, thereby improving production efficiency and product quality. Additionally, relevant personnel will be dispatched to supplier factories for on-site inspections to assist suppliers in improving their manufacturing standards. In order to enhance production capacity, Jungu will also actively plan and establish branch production bases.
Related Company: Suzhou Ounno
Suzhou Ounno Metal Technology Co., Ltd. specializes in manufacturing high-precision non-standard cold heading products. The company uses Italian brand 6-die 6-punch high-speed cold heading machine, equipped with 6-channel online pressure monitoring system. Additionally, Ounno offers "mold testing and sampling" and "OEM" processing services. Ounuo is committed to developing various types of highly technical fastener products, such as high-precision gear parts, products converted from machining to cold heading, products converted from powder metallurgy to cold heading, and the localization of imported products.
Finework Selected for Hunan's "Intelligent Empowerment of Ten Thousand Enterprises" Manufacturing Digital Transformation Benchmark Project List
On September 4, 2024, Hunan Province announced the 2024 "Intelligent Empowerment of Ten Thousand Enterprises" benchmark projects for manufacturing digital transformation, among which Finework High-Strength Fasteners' 5G+ Digital Factory of Finework (Hunan) New Energy Technology Ltd. was selected. Founded in 2012, Finework
(Hunan) New Energy Technology Ltd. specializes in R&D and manufacturing of high-end, high-strength fasteners and provides fastening system solutions. Its products are widely used in wind power, aerospace, gas turbines, petroleum, automobiles, high-speed rail, and engineering machinery.
Handan Yongnian "Enclave Economy" Industrial Park Commences Construction
The "Enclave Economy" Industrial Park in Yongnian District, Handan City, Hebei Province, China, officially commenced construction on September 29, 2024. This marks a significant step in promoting the transformation and upgrading of the fastener industry. The park focuses on high-precision, high-strength fasteners and other metal products, aiming to create a global high-end fastener "smart" manufacturing base. By now, there have been six projects under construction in the park, including FIXDEX Fastener Foreign Trade Comprehensive Industrial Park, Hebei Yunchang High-end Wind Power Special Anchor, UNIEXPV Photovoltaic Support Factory, Hebei Tuofa Ultra High Voltage Power Transmission and Transformation Equipment Support Materials, Handan storage and sales center of Fasten Cangmeng, and the Intelligent Logistics Warehousing and Sharing Supporting Production Center. These projects involve R&D, production, smart logistics, warehousing, foreign trade, and support to high-end fasteners, aiming to set a new benchmark in the fastener industry.
Tenda Technology Invests in Tenda Jinyuan (Anhui) Fastener Co., Ltd.
On September 10, Tenda Technology announced a joint investment with Tengxing Fastener Co., Ltd. to establish Tenda Jinyuan (Anhui) Fastener Co., Ltd. ("the joint venture "). By partnering with leading players in the screw field and leveraging its advantages in resources and customers within the stainless steel fastener industry, the company aims to enhance the market competitiveness and market share of its products, thereby boosting its profitability.
India to Levy Tariffs on Certain Steel Products from China and Vietnam
India's Finance Ministry issued an order on September 10, imposing tariffs ranging from 12% to 30% on stainless steel welded pipes imported from China and Vietnam for a period of five years.
As previously reported by The Hindu, India imported nearly 2.7 million tons of steel products from Chin, a during the fiscal year 2024 (April 1, 2023, to March 31, 2024), accounting for one-third of India's steel imports and representing a 91% yearon-year increase. China has become India's largest supplier of steel products.
U.S. Imposes 25% Tariff on Chinese Steel and Other Products
The U.S. government announced a substantial increase in import tariffs on Chinese goods on September 13, 2024, as reported. The measures include a 100% tariff on electric vehicles, a 50% tariff on solar cells and semiconductor imports, and a 25% tariff on steel, aluminum, electric vehicle batteries and key minerals. The new tax rate will come into effect in January 2025.
Fastener Expo Frankfurt to Be Held in March 2026
On September 10, US local time, during the International Fastener Expo, the organizer of the Fastener Expo Frankfurt, Ebseek Exhibition, conducted their first North American roadshow and officially announced that the Fastener Expo Frankfurt will take place from March 23 to 25, 2026, at Hall 6 of the Messe Frankfurt in Germany.
BYD to Confirm Location of First Factory in Mexico by Year-End 2024
Jorge Vallejo, General Manager of BYD Mexico, announced on October 8 that BYD plans to sell 50,000 electric vehicles (EVs) in Mexico in 2024, with sales expected to reach 100,000 by 2025. Vallejo also revealed that BYD will finalize and announce the location for its first factory in Mexico by the end of this year.
U.S. Launches $1 Billion Fund to Support Automotive Parts
Suppliers' Transformation
The U.S. government, through investment firm Monroe Capital, has established a $1 billion fund named Drive Forward. The fund aims to assist small and mediumsized automotive parts manufacturers in obtaining lowercost capital for refinancing, continued development, and business diversification. John Bozzella, CEO of the Alliance for Automotive Innovation, stated that the new fund will help small suppliers achieve modernization and maintain a competitive and secure supply chain.
2024 China·Yongnian International Sourcing Fair of Fasteners Successfully Held
The China·Yongnian International Sourcing Fair of Fasteners was successfully held at the Fastener Expo Center on October 10th. The event brought together 190 leading industrial enterprises in the fastener industry and high-quality foreign trade enterprises to participate, and invited 150 overseas buyers from 26 countries and regions. As indicated by statistics, 22 enterprises successfully concluded transactions totaling 32.26 million yuan, and 82 enterprises expressed intention to conclude
EU Initiates Anti-Dumping Investigation Against Chinese Headless Screws
On October 17, the European Commission (EC) issued an announcement. Responding to a request from the European Industrial Fasteners Institute (EFI) dated September 2, 2024. Headless screws originating from China. The involved products are identified by EU Combined Nomenclature (CN) codes 7318 15 42 and 7318 15 48.
The dumping investigation covers the period from July 1, 2023, to June 30, 2024, while the injury investigation spans from January 1, 2021, to the end of the dumping investigation period. The preliminary ruling in this case is expected to be made within 7 months, with a maximum of 8 months.
BUMAX Appoints Martin Dahlgren as New General Manager
Martin Dahlgren took over as the General Manager of BUMAX Sweden AB on October 29. Martin Dahlgren said: "I am excited to be part of the global leader in fastener technology. BUMAX is an innovative company, and its high-strength stainless steel screws have helped many companies discover new design capabilities, improve product performance and durability, and support the sustainability goals of the industry."
Zhejiang Fangquan 2024
Yile New Product Launch and Distributor Conference
Successfully Held
On November 12, 2024, the "Yile Community: Winning Together in New Energy" 2024 New Product Launch and Distributor Conference of Zhejiang Fangquan Automotive Fasteners Co., Ltd. was held in Jiaxing, Zhejiang Province, China. 300 industry professionals, association leaders and manufacturer representatives from the fastener sector gathered to discuss and celebrate.
Founded in 1979, Zhejiang Fangquan Automotive Fasteners Co., Ltd. owns the independent brand "YLB rivet nut". In 2009, Fangquan Industrial Park was established in Shendang Town, Haiyan County, Zhejiang Province, covering an area of 100,000 square meters.With more than 200 employees, the company specializes in the production of rivet nut series products, serving as a large-scale rivet nut production base in the AsiaPacific region.
China Components Test Merges with HAZT Testing to Seize Market Share in Testing Sector
China Components Test and Beijing HAZT Testing Co., Ltd. signed a strategic merger agreement on November 13. The merger aims to create a more influential "China Components Test" brand through a strong alliance.
China Components Test is a professional enterprise dedicated to materials and basic component testing. The company operates a national laboratory in the field of standard parts products with high testing authority. It serves industries such as nuclear power, wind power, aviation, vehicles, machinery manufacturing, major engineering construction, etc., involving more than 3,000 global customers. Notably, China Components Test has contributed to key national projects, including the C919 aircraft and Hong Kong-ZhuhaiMacao Bridge.
2024 Tri-Regional Screw Exchange Conference: Gathering in Hong Kong, China to Facilitate Communication in the Fastener Industry
The Tri-Regional Screw Exchange Conference was grandly held in Hong Kong, China, on November 2, 2024, marking the reunion of this industry event after a five-year hiatus. The conference brought together professionals from the fastener industries of Mainland China, Hong Kong, China, and Taiwan, China to jointly explore industry trends and challenges.
Mr. Xu Binghui, Chairman of the Hong Kong Screw & Fastener Council, Mr. Xue Kangsheng, President of the of the China General Machine Components Industry Association Fastener Branch, and Mr. Hu Zhanfei from the Taiwan Industrial Fasteners Institute delivered speeches respectively. They provided an in-depth overview of the current development, challenges, and crises faced by the fastener industry in their regions, fostering a meaningful exchange.
Mr. Zhou Zhixian, Lead Engineer of Carbon and Environmental Management at the Hong Kong Productivity Council (HKPC), presented a keynote speech on "The EU Carbon Border Adjustment Mechanism (CBAM) Policy" and "Quantification and Cases of Carbon Footprint in Manufacturing Products". Engineer Zhou thoroughly analyzed the impact of the CBAM on the fastener industry and proposed targeted practical suggestions, offering new ideas for the sustainable development of the industry.
Mr. Jiao Junhua, Party Secretary of Dongfeng Motor Fastener Co., Ltd. and Executive Director of Shanghai Teqiang Fastener Technology Co., Ltd., focused on the field of new
energy vehicles, providing a detailed introduction to the new requirements for fastener products in this sector. His speech not only demonstrated the application of fastener products in new energy vehicles but also addressed questions from attendees regarding product R&D, manufacturing, inspection and application.
At the end of the conference, Mr. Xu Binghui, Mr. Xue Kangsheng and Mr. Hu Zhanfei jointly presented certificates of appreciation to the two guest speakers in recognition of their contributions to the development of the fastener industry in the three regions.
The conference not only strengthened connections among fastener industry professionals from the three regions but also injected new momentum into the future development of the fastener industry.
Establishment of Haiyan Fastening and Locking Technology Association, CFM Elected as Vice Chairman Unit
On November 29th, the Haiyan Fastening and Locking Technology Association—the only academic organization in China focusing on fastening and locking technology—was officially established at the Fastener Integrated Innovation Service Hub in Haiyan County, Jiaxing City, Zhejiang Province.
During the inaugural conference, the association elected the first leadership team, including chairman, vice chairmen, secretary-general, deputy secretary-generals, and supervisors. Sun Yingbing, Chairman of Shanghai Tiancheng, was elected as the first chairman, while Dr. Wang Hui, Vice General Manager of China Components Test, and Yang Junfeng, Chairman of CFM, were named vice chairmen.
Currently, the association comprises nearly 100 member
units from across the country, including Southwest Jiaotong University, Beijing Institute of Technology, Mingyang Smart Energy Group, Shanghai Electric Wind Power Group Co., Ltd., Würth, and Tong Ming.
Bufab Acquires Leading Italian Fastener Distributor VITAL
Bufab finalized the acquisition of VITAL S.p.A., a leading Italian C-parts distributor, on November 26, 2024. Founded in 1975 as a family-run business, VITAL S.p.A. is headquartered in Milan and specializes in serving industries such as electrical, mechanical, railway, and construction. In recent years, VITAL S.p.A. has demonstrated rapid growth, achieving net sales of €48 million in 2023, and exceeding Bufab's 2026 profitability target with its operating profit margin.
Bufab, a Swedish company established in 1977 and operating in 28 countries, is a key player in the fasteners market for electronic products. Bufab believes that this acquisition will strengthen its business in Italy and enhance its service levels.
CFM
Figure: Mr. Yang Junfeng, Chairman of CFM, accompanied Secretary Ma Hongguang of Yongnian District and others to visit VITAL in March 2023.
LISI Group Sales Up for H1
LISI Group achieved sales of €903.6 million in the first half of 2024, up 10% compared to 2023, with LISI AEROSPACE up 21.8% compared to the same period of last year, and LISI AUTOMOTIVE and LISI MEDICAL finishing down 2.5% and 0.8% respectively.
LISI AEROSPACE sales totalled €505 million at the end of the first half of the year. The 'Fasteners'segment grew in Europe by 26.2% and 22.9% in the United States on an already high comparison basis in H1 2023. As well as this, the 'Structural Components' segment grew by 17.1%.
The good long-term outlook for the global commercial flight of the aeronautical market is reflected in high order levels among manufacturers. The increases in monthly production rates for single aisle aircraft were revised downwards at the end of the half year with no impact on the division. The significant return of long haul orders, as well as the good performance of the helicopter and military market segments, are also supporting demand over the long-term.
LISI AUTOMOTIVE's sales amounted to€310.6 million. Order intake for new products remains at the high-level of 13.6% of sales over the half year (14.2% in 2023)
which equates to€42 million (€45.2 million in 2023). The LISI AUTOMOTIVE division thus confirms its positioning in electromobility and its ability to quickly adapt its product ranges. These performance results also testify to its increased diversification with Chinese or American OEMs and manufacturers, for braking systems or interior fittings.
The LISI AUTOMOTIVE division is expected to experience a slowdown in demand from its main customers during the second half of the year in a market experiencing profound technological and geographic changes. Added to this is strong pressure on prices across the entire automotive industry with the will to lower the manufacturing costs of electric vehicles. The LISI AUTOMOTIVE division will therefore have to continue to demonstrate discipline and adaptation while ensuring the development and ramp-up of new products resulting from record order intake in recent years.
LISI MEDICAL's sales amounted to€88.5 million in H1 2024. In addition to this unfavourable comparison basis in the first quarter was a movement to adjust the inventory levels of the division's main customers and production disrupted by difficulties in sourcing raw materials.
Falling Demand Creates Opportunities
Bulten Group has reported net sales amounted to SEK 1.33 billion (€1.3 billion) for the third quarter of 2024, a decrease of 3.3% on the same period the previous year. Adjusted operating earnings totalled SEK 91 million (€7.8 million), equating to an adjusted operating margin of 6.8%.
Christina Hallin, interim president and CEO, highlights: "The reported operating earnings for the third quarter are an improvement on the corresponding quarter of 2023 and on the previous quarter this year. This is a clear sign that our efforts over the past year to stabilise and streamline production, combined with a focus on reducing our costs, are paying off. The operating margin has improved during Q3, which is generally a weaker quarter as there are fewer days of production. The margin has been positively impacted by non recurring items, including insurance compensation relating to machinery in Poland. Our long-term ambition to have an operating margin of 8% remains, although this will be difficult to achieve for 2024 as a whole."
She continues: "There has been a slight decline in demand for fasteners from vehicle manufacturers in all markets during
the quarter. The falling demand is largely due to a decrease in vehicle sales, but also to the fact that some of our larger customers are shifting platforms, thus affecting their Q3 2024 net sales production volumes in the short term."
"In addition, there are other disruptions in OEM supply chains, which impact on our sales volumes. Although the market is not growing at the same rate as before, we now have an operation that is more stable and flexible, which is able to handle large fluctuations. The fall in demand gives us the opportunity to review our customer base and focus on customers and segments where we see better margins. It also enables us to review our customer contracts and phase out any unprofitable ones, something we have been doing during the quarter. We have also begun to reduce working hours in a couple of factories and we are working on a number of minor structural issues, including a review of some of our joint ventures. We cannot rule out additional structural changes moving forward, if they are necessary to further improve profitability levels," concludes Christina.
EU Launches New AD Investigation
The European Commission has given notice of the initiation of an anti-dumping proceeding, concerning imports of screws without heads, originating in the People's Republic of China.
Published on 17th October 2024, the product subject to this investigation is screws and bolts, with or without their nuts and washers, without heads, of iron or steel other than stainless steel, regardless of tensile strength – excluding coach screws and other woodscrews, screw hooks and screw rings, self-tapping screws, as well as screws and bolts for fixing railway track construction material.
The notice reports: "The European Commission has received a complaint pursuant to Article 5 of Regulation (EU) 2016/1036 of the European Parliament and of the Council of 8th June 2016 on protection against dumped imports from
countries not members of the European Union, alleging that imports of screws without heads, originating in the People's Republic of China, are being dumped and are thereby causing injury to the Union industry."
"The product allegedly being dumped is the product under investigation, originating in the People's Republic of China, currently classified under CN codes 7318 15 42 and 7318 15 48. The CN code is given for information only and without prejudice to a subsequent change in the tariff classification."
"The investigation of dumping and injury will cover the period from 1st July 2023 to 30th June 2024 ('the investigation period'). The examination of trends relevant for the assessment of injury will cover the period from 1st January 2021 to the end of the investigation period ('the period considered')."
The full notice can be viewed online.
Berardi Completes Fixi Acquisition
Berardi Group, a portfolio company of H.I.G Capital, has completed the acquisition of Italian-based Fixi Srl – a distributor of fastening systems offering a wide range of products such as rivets, threaded inserts, self-clinching fasteners, welding studs and related professional equipment.
With depots in Veneto, Emilia Romagna, Marche, and Abruzzo, Fixi serves over 2,000 industrial customers in Italy and across Europe. The transaction represents a significant step in Berardi's growth strategy, aiming to enrich the range of products and services offered to its customers through strategic acquisitions of distributors specialised in high potential product categories.
The acquisition will strengthen Berardi's position as a national leader in the fastening systems category, a segment in strong growth for its customers. It will also improve the geographic coverage and service in Italy and throughout Europe, to the benefit of its customers.
"The partnership with Fixi is a step of enormous importance in the growth path that we have outlined for our Group, which will enable us to have a greater geographical presence and to provide our customers with a product portfolio and a range of services suited to their every need,"underlines Giovanni Berardi, chairman of Berardi, and Mauro Pasini, CEO at Berardi Group.
Maurizio and Alessandro Mora, majority shareholders and CEOs of Fixi, added: "We are excited about our new partnership with Berardi, the undisputed leader in the distribution of industrial components in Italy. Our history and shared culture of excellence, innovation and maximum attention to our customers and employees enables us to fully leverage our specialist skills in fastening systems and seize new growth opportunities that will enable us to accelerate the development of the business."
Norm Coating: The Self-Renewable Coating for Renewable Energy Solutions
Introducing Norm Coating's latest innovation, a revolutionary alkali zinc coating developed to meet the growing demands of the renewable energy sector. Specifically designed for applications in solar panel fasteners and other renewable energy components, this cuttingedge coating offers exceptional protection against corrosion while delivering extended product longevity in even the most demanding environments.
As the renewable energy industry expands, so does the need for durable, long-lasting solutions that can withstand harsh environmental conditions. Norm Coating addresses these challenges with its self-renewable coating technology, making it the ideal choice for solar panel fasteners and other critical connections in renewable energy infrastructure. Its self-
renewable property ensures that mechanical damage does not compromise performance, making it the ideal solution for ensuring uninterrupted energy production.
Key Advantages:
Self-Renewable Technology: The standout feature of this innovative coating is its ability to self-repair minor mechanical damages, ensuring consistent protection even in harsh conditions. This unique property extends the service life of fasteners used in solar panels and other renewable energy installations, reducing maintenance costs and improving overall reliability.
Superior Corrosion Resistance: Norm Coating provides a minimum of 600 hours of corrosion resistance with its thick passivation layer, free of harmful Cr+6. When combined with a special topcoat, the coating achieves resistance that exceeds 10 cycles in atmospheric cycle tests, ensuring long-term durability in outdoor environments.
Optimized for Renewable Energy Systems: Solar energy systems are exposed to various environmental stressors, including rain, wind, and temperature fluctuations. Norm Coating's alkali zinc coating with a homogeneous, bright appearance protects solar panel fasteners from these elements, ensuring continuous and efficient energy production over time.
Environmentally Friendly Composition: The coating is Cr+6-free, aligning with the sustainability goals of the renewable energy industry. Norm Coating not only enhances the performance of renewable energy systems but also supports eco-friendly practices.
Whether your project involves solar farms, wind turbines, or other renewable energy installations, Norm Coating delivers unmatched corrosion resistance, environmental sustainability, and long-term durability, ensuring your investments are protected for years to come.
Diverse Manufacturing Methods in Fasteners Industry
In the fasteners industry, having access to various manufacturing techniques is essential for versatility, cost efficiency, and quality. Different methods, such as hot forging, Cold Forging, stamping, and machining, allow for the production of a wide range of components with specific material properties, precision, and surface quality. This diversity enables companies to adapt to varying design requirements, optimize production costs, and meet stringent quality standards, ultimately ensuring the ability to respond effectively to market demands and technological advancements.
Norm Fasteners excels in diverse manufacturing techniques that enhance both the strength and precision of metal components and offers robust and versatile manufacturing solutions tailored to meet the highest standards.
Hot forging results in a more homogeneous metal structure by realigning the grain structures within the metal through heating and shaping. This process significantly enhances the material's overall strength and durability. The technique improves the metal's grain structure, which boosts the mechanical properties and strength of the forged parts. Moreover, the thermal processing involved in hot forging minimizes the chance of cracks, further increasing the material's durability.
Cold Forging is a metalworking process that shapes metal at room temperature using high-pressure dies, preserving the material's original properties without the need for heating. This method is highly effective for producing parts with complex geometries and excellent surface quality. Additionally, Cold
Forging increases the mechanical strength of components without compromising the material's structure. It is ideal for high-volume production, providing cost-effective and highquality fasteners.
Stamping and sheet metal forming are ideal for highvolume production runs, offering cost reduction and increased capacity. Progressive dies, aligned with lean manufacturing principles, integrate multiple processes seamlessly, maximizing efficiency and minimizing waste. As a precision manufacturing method, stamping ensures high accuracy and repeatability, making it a preferred choice in industries like automotive, where consistent quality is crucial. This precision enhances product quality and ensures each production cycle reliably meets strict specifications.
Machining is a precise technique for producing highaccuracy components in various shapes and materials. It offers tight tolerances, excellent surface finishes, and the ability to create complex geometries. The process minimizes waste through accurate material removal and supports both smallbatch and large-scale production.
By combining these methods, Norm Fasteners also optimizes production efficiency and cost-effectiveness. This
comprehensive approach allows Norm to reinforce the commitment to excellence and innovation in the fasteners industry. www.normfasteners.com
Turkish Automotive Industry 2024 October Results
In the January-October period of 2024, total automotive production decreased by 7% and automobile production decreased by 5% compared to the same period of the previous year. In this period, total production was 1 million 122 thousand 567 units and automobile production was 742 thousand 303 units.
In the January-October period of 2024, the total market decreased by 2% compared to the same period of the previous year and amounted to 983 thousand 968 units. In this period, the automobile market amounted to 750 thousand 935 units in parallel with the previous year.
In the commercial vehicle group, production decreased by 12%, light commercial vehicle group by 10% and heavy commercial vehicle group by 25% in the January-October period of 2024. Compared to the January-October period, the commercial vehicle market decreased by 7%, the light commercial vehicle market decreased by 6%, and the heavy commercial vehicle market decreased by 10%.
In the January-October period of 2024, compared to the same period of the previous year, total automotive exports were realized in line with the previous year on a unit basis, while automobile exports decreased by 2%. In this period, total automotive exports amounted to 826 thousand 259 units and automobile exports amounted to 531 thousand 680 units.
In the January-October period of 2024, compared to the same period of the previous year, total automotive exports increased by 3% in dollars and 2% in euros. In this period, total automotive exports amounted to $ 30.2 billion, while automobile exports increased by 2% and amounted to $ 9 billion. Automobile exports in Euro terms increased by 1% to €8.3 billion.
PRODUCTION
In the January-October period of 2024, a total of 1 million 122 thousand 567 vehicles were produced, decreasing by 7% compared to the same period of the previous year.
In the January-October period of 2024, total production including tractor production amounted to 1 million 162 thousand 178 units. Compared to 2023, the production of commercial vehicles carrying cargo and passengers decreased by 12% in the January-October period of 2024, while production on the basis of product group increased by 9% in minibuses and 1% in midibuses; 6% in buses, 31% in trucks, 12% in pickup trucks decreased at the rate.
In the January-October period of 2024, automobile production decreased by 5% compared to the JanuaryOctober period of 2023 and became 742 thousand 303 units, and tractor production decreased by 18 percent to 39 thousand 611 units.
EXPORT
In the January-October period of 2024, 531 thousand 680 vehicles, 79 thousand 826 of which were automobiles, constituting 259 percent of the total production, were exported. Vehicle exports in the January-October period of 2024 were at a parallel level compared to the same period of 2023.
In this period, automobile exports decreased by 2% compared to the same period of the previous year, while commercial vehicle exports increased by 1%. Tractor exports, on the other hand, decreased by 24 percent compared to the same period of 2023 and amounted to 11 thousand 860 units.
According to the data of Uluda Exporters' Associations (UIB), total automotive exports in the January-October period of 2024 increased by 3% compared to 2023 and reached $ 30.2 billion. In euro terms, it increased by 2% last year to €27.7 billion.
In this period, main industry exports increased by 5% and supply industry exports increased by 2% in dollar terms.
According to the data of the Turkish Exporters Assembly, total automotive industry exports (excluding exports exempt from the registration of exporters' associations and the difference between warehouses and free zones) ranked first in the sectoral export ranking with a share of 16 percent in the first ten months of 2024.
Source: OSD
TURKISH STEEL INDUSTRY
STEEL PRODUCTION
InAugust 2024, Turkey's crude steel production increased by 13.9% compared to the same month last year to 3.1 million tons.
In the January-August period, production increased by 14.8% to 24.8 million tons.
STEEL CONSUMPTION
Final product consumption increased by 7.8% to 3.1 million tons in August and decreased by 4.7% to 24.9 million tons in the JanuaryAugust period compared to the same period of 2023.
FOREIGN TRADE
Export
In August, exports of steel products increased by 11.8% in terms of quantity to 1.2 million tons and in terms of value by 9.3% to 844.7 million dollars.
Due to the slowdown in exports in August, the increase in exports of steel products, which was 45.3% in the January-July period, decreased to 39.8% in the eight-month period. In terms of value, it increased by 22.8% to $6.5 billion.
Import
In August 2024, imports decreased by 0.7% in terms of quantity to 1.3 million tons and decreased by 9.2% in terms of value to 1 billion dollars compared to the same month of 2023.
In the January-August period, compared to the same period of 2023, imports decreased by 13.3% in quantity to 10.7 million tons and decreased by 19.7% in value to 8.5 billion dollars.
Foreign Trade Balance
In the January-August period of 2024, the ratio of exports to imports
increased from 49.9% in the January-August period of 2023 to 76.5%.
WORLD STEEL PRODUCTION
According to the August 2024 data announced by the World Steel Association (worldsteel), world crude steel production decreased by 6.5% compared to the same month of the previous year, to 144.8 million tons. In the January-August period, world steel production decreased by 1.5% to 1.2 billion tons.
In the January-August period, China's crude steel production decreased by 3.3% compared to the same period of 2023 to 691.4 million tons, while India's crude steel production, which ranks second, increased by 6.5% to 98.5 million tons and Japan's crude steel production decreased by 2.9% to 56.7 million tons.
ASSESSMENT
The Turkish steel industry rose to 7th place with an increase of 13.9% in August, with 3.1 million tons of crude steel production, once again surpassing Germany on a monthly basis after January. However, despite this rise, in the January-August period, it continued to rank 8th, lagging behind Germany by 562 thousand tons. On the other hand, consumption increased by 7.8% to 3 million tons in August, showing an increase for the first time since February.
In the 8-month period, when the export was analyzed by regions, it was observed that Turkish exports of steel products to the EU increased by 104% to 3.3 million tons, the highest figure after the 3.5 million tons in the same period of 2021, when the record export level was reached. Another positive development in exports was in exports to CIS countries. Especially in the period after the UkraineRussia war, exports to CIS countries increased by 59% to 534.9 thousand tons with the increase in shipments to Ukraine after the demand in the long product group. As a result of the increase in total steel products exports by 22.8% in value but the decrease in imports by 19.7%, the ratio of exports to imports increased from 49.9% in the first 8 months of 2023 to 76.5% in the same period of 2024.
The "Final Notification Report" within the scope of the Dumping Investigation on the imports of hot-rolled flat products from China, India, Japan and Russia, which was announced in August, gives hope in terms of establishing new balances in steel industry and the Turkish economy.
Global New Products and Technologies in Fasteners for the Second Half of 2024
In the second half of 2024, the global fastener industry has seen a wave of remarkable new products and technologies. These innovations are driving technological advancements in the industry while infusing fresh momentum into the industry's growth. This article highlights the new products and technologies of the fastener industry from September to November 2024, providing readers with a concise overview of the latest industry trends and insights.
ICCONS® has developed a C2 earthquake-resistant concrete bolt with the shallowest drilling depth, facilitating easier installation for engineers and contractors.
Key features include:
· 8 x 55MM Bolt: Offers a significantly lower cost compared to other typical C2 standard bolts.
· 60mm Drilling Depth: Reduces drilling time and incidence of hitting steel bars, minimizing machine and accessory wear.
· Max 5mm Clamp Thickness: Ensures compatibility with a
Plarad Japan Introduces AntiRotational/Non-Entwisted Washer
Plarad Japan has launched anti-rotational/non-entwisted washers that eliminate the co-rotation of hexagonal bolts. In sizes M12 to M72, international patents have been applied for.
Key features include:
Innovative Design:
Instead of using a zigzag knurled surface bump to create friction, it features a special structure that alters the equivalent friction diameter, preventing bolt co-rotation effectively. Labor Efficiency: Eliminates the need for an additional tool to hold bolts in place, reducing manpower from two operators to one and significantly cutting bolt tightening time.
Elementos de Sujeción Galvanizados Launches Innovative Hot-dip Galvanized Screws for Solar Projects
Elementos de Sujeción Galvanizados has unveiled an innovative hot-dip galvanized grounding bolt designed specifically for the renewable energy sector. This product provides robust and efficient support for solar structures. Featuring a helical metal structure, it can be directly installed on the ground without the need for holes or concrete foundations, making it easy to drive into the ground. This significantly reduces installation time and costs. Due to its design, it offers maximum stability and strength, making it ideal for supporting solar panels and other lighting infrastructure.
Key Features:
· Hot-dip Galvanizing: Features a hot-dip galvanized coating for superior, corrosion resistance, and extended service life even in extreme weather conditions.
· Quick and Easy Installation: No need for heavy machinery or complex procedures, offering a solution for flexible solar installations.
· Environmentally Friendly: Avoids the use of concrete foundations, reducing environmental impact.
· High Strength and Durability: Designed to withstand heavy loads, providing long-term safety and stability for solar structures.
· Versatile On-site Performance: Adaptable to a variety of soil types, from soft to more compacted soils.
Snap-on® Multi-Spline Screw Extractor: The Ultimate Solution for Removing Fasteners
The Snap-on® Multi-Spline Screw Extractor Set includes 13 tools designed to effectively remove damaged or broken screws. Manufactured in the United States, this set is compatible with wrenches, ratchets and pliers, and its compact design ensures ease of use in tight spaces. The REX13C set is made of specially alloyed steel for exceptional strength and long-lasting thread life, making it the preferred solution for
Simpson Strong-Tie has expanded its product line of structural fasteners with the new Strong-Drive SWD doublethreaded screws. With its innovative design, SWD woodto-wood screws can replace some internal and external connectors, reducing installation time and labor costs. Designed for strength and speed, the SWD double-thread screw features a slim structural design with a streamlined cap head that minimizing visibility. The unique double-thread design of this screw features different thread geometry and a smooth center shank, ensuring a secure and tight connection when fastening wood members. It is coated with a black external double-barrier finish for corrosion resistance, and features a chisel point that allows for fast driving, easy penetration at any angle, and minimizes cracking. This new screw is ideal for various connections, including beam-to-column, beam-to-joist, purlin-to-truss, guardrail-to-column, roof-to-wall connections, multi-ply assemblies, and rear frame joints.
Fixtureworks has expanded its one-touch fastener line with heavy-duty version of retractable clamp/knob locking fasteners. These heavy-duty fasteners provide up to 450 pounds (2000N) of clamping force and 1120 pounds (5000N) of holding force, making them ideal for applications that require reliable locking in fast-change scenarios requiring frequent insertion and removal of clamps. The retractable pin feature enables fasteners to slide smoothly off the base without disturbance, making them perfect for slide rail and door applications. The new fastener releases only when the knob is turned to the "OFF" position, allowing the ball to retract into the handle and allowing the handle to rise away from the substrate without interference.
Japanese Maruemu Works Develops New PEEK Screws
PEEK is a super plastic material that exhibits exceptional
· Chemical Resistance: Resistant to acids, bases, hydrocarbons, and organic solvents.
· Mechanical Strength & Dimensional Stability: Maintains high strength and rigidity even at high temperatures, exhibiting excellent creep and fatigue resistance.
· Excellent Electrical Properties: Consistent physical properties over a wide range of frequencies and temperatures.
Applications:
Semiconductor, medical, automotive, and aerospace industries.
Weidmuller USA Introduces New Bolt Monitoring System for Wind Turbines
BOLTcontrol, a recent innovation from Weidmuller, is a monitoring system that detects damaged bolts or studs at the root of the wind blades attached to the hub. If issue happns, BOLTcontrol will immediately alert the operator. The system's detection plate securely holds broken bolts in place, preventing them from falling into the hub and causing further damage by bouncing while rotating. By continuously monitoring rotor blade bolts, BOLTcontrol minimizes downtime, reduces maintenance costs and ensures safe and uninterrupted turbine operation. "The bolted connection between the hub and rotor blades in a wind turbine is constantly under dynamic load," says Pete Tecos, Director of New Energy Solutions at Weidmuller. "Stud and bolt failures are becoming more common, and BOLTcontrol can not only alert operators to blade root fastener failures, but also prevent broken parts from falling into the hub, avoiding costly damage to the pitch system and other critical components."
Characteristics:
· Wear Resistance: Low friction coefficient minimizes wear. performance such as heat resistance, wear resistance and chemical resistance. These characteristics make it an ideal choice for demanding environments. Maruemu has developed and now manufacturing small cross screws and cap screws using PEEK.
· Heat Resistance: Suitable for continuous use at temperatures up to 260°C.
Nord-Lock Launches Superbolt® TTF
At the 7th China International Import Expo (CIIE) held from November 5 to 10, Nord-Lock Fastening Systems (Shanghai) Co., Ltd. introduced its latest innovation - the Superbolt® Torque/Tension Flexnut (Superbolt® TTF). This newly designed product addresses issues such as bolt fracture and difficult disassembly caused by stress concentration in ordinary nuts. It serves as an economical and effective alternative to traditional nuts.
Japan's Ikeda Metal Industrial Releases Remote Screw Loose Detection System
To alleviate the burden of screw maintenance, Ikeda Metal Industrial Co., Ltd. collaborated with Momo Co., Ltd., an IoT solutions provider, to develop a system integrating IoT sensors into screws to detect looseness, allowing inspection from a remote location. The built-in sensors transmit real-time loosening data to a cloud database, allowing users to identify and address loose screws remotely. This system is designed for hard-to-reach places such as mountain steel towers, offshore
For more information, please continue to follow CFM or contact 86-18588814900
Financial Report of Top 10 Fastener Listed Companies
(Unit: USD1,000,000)
Ranked by Market Value (as of November 29, 2024) Values converted using the exchange rate on the same day.
Note: Tengda Technology was listed in January 2024 and has not disclosed its Q3 2023 report.
Analysis of China's Fastener Import and Export in the First Three Quarters of 2024
Note: The fasteners mentioned in the text refer to steel fasteners classified under CN code 7318. Data is sourced from China Customs.
Export Quantity and Value
Based on the statistics provided by Chinese Customs, the total export value of fasteners in the first three quarters of 2024 was $8.32 billion ($8,329,548,646), representing a 1.8% decrease compared to the same period in 2023. The export volume reached approximately 4.222 million tons, marking a 14.2% increase year-on-year. The average price per ton decreased by 14% compared to 2023. Steel fasteners with the CN code 7318 accounted for the largest proportion, with an export value of $6.94 billion ($6,944,752,360).
Table 1: The Export Situation of Fasteners in China for the First Three Quarters of 2024
Figure 1: The Export Value of Fasteners for the First Three Quarters of the Years 2019-2024 (Unit: USD)
Overall, the slowdown in global economic growth has led to a decrease in demand for high-value fasteners in many countries. Although the export value of fasteners declined in the first three quarters, the export volume continued to grow, indicating sustained international demand for China's fasteners. The main factor contributing to the decrease in average price per ton is the fall in upstream raw material prices, such as steel and non-ferrous metals.
Major Export Markets
In the first three quarters of 2024, the top ten exporters of fasteners to China are the United States, Russia, Vietnam, Germany, South Korea, Japan, Mexico, the UAE, India, and Thailand.
2: Top 10 Regions of Fastener Exports from China in the First Three Quarters of 2024 (Unit: USD)
2: Top 10 Regions of Fastener Exports from China in the First Three Quarters of 2024 (Unit: USD)
Table
Figure
In the first three quarters, China's fastener exports to the United States showed positive growth. Geopolitical factors also contributed to substantial growth in exports to Russia. Exports to Vietnam continued to grow, driven by its position as a key trade transit hub. The top three countries - the United States, Russia and Vietnam, recorded export growth rates of 9.0%, 15.0% and 16.9%, respectively. Meanwhile, exports to Germany and Mexico remained relatively stable. In Asia, Japan and South Korea experienced significant declines due to weakness in their domestic manufacturing sectors. India has gradually established its own industrial chain and reduced the demand for imports of Chinese fasteners. Additionally, exports to the UAE and Thailand also saw considerable drops. Overall, while global economic slowdown affected demand, some markets still showed growth.
Import Value
From January to September 2024, China's import value for steel fasteners under CN code 7318 reached about $1,864,215,379. Compared to the same period last year ($1,804,323,085), the value of imports increased by about 3.32%. This reflects the rising demand for high-quality fasteners, driven by the sustained development of China's automotive and manufacturing sectors. With further industrial upgrading, China's demand for high-quality imported fasteners is expected to remain strong, signaling a positive outlook for the fastener market.
Major Import Markets
In the first three quarters of 2024, China's top five import sources for fasteners were Germany, Japan, the United States, Taiwan (China), and Italy. Fastener from these countries or regions are characterized by high quality, high precision, technological innovation and multi-specifications, aligning with the stringent demands of China's high-end manufacturing sector, thus promoting the further development of China's manufacturing industry.
Germany is renowned for its precision machinery manufacturing and automotive industry, with fastener products disgtinguished by high precision and reliability. Japan, leveraging its expertise in electronics and automobiles, emphasizes meticulous detail and exceptional quality in its fasteners. As a global leader in technology and innovation, the United States has significant advantages in technological innovation and material science in its fastener products. Taiwan (China), a key player in in the electronics and information technology industry, offers high precision and cost-effective products. Italy stands out with its unique advantages in design and material technology, producing fasteners known for their exquisite design and exquisite workmanship.
Table 3: Top 10 Countries (or Regions) of Fastener Imports into China in the First Three Quarters of 2024 (Unit: USD)
Conclusion
The import of these high-quality fasteners not only meet the technical demands of China's manufacturing industry but also accelerates the optimization and upgrading of China's industrial structure. Meanwhile, China's fastener industry is actively enhancing its independent research and development capabilities and advancing production technologies. These efforts aim to reduce reliance on imports and promote the application of Chinese-made fasteners in the high-end market.
In the first three quarters of 2024, China's fastener export volume has increased while price declined, maintaining its competitiveness in the international market with its costeffective characteristics. However, China still needs to continuously improve the technical level and product quality in the high-end market. China's growing demand for highquality imported fasteners also indicates the broad prospects of the fastener market.
Figure 3: Top 10 Regions of Fastener Imports into China in the First Three Quarters of 2024 (Unit: USD)
EU's Fastener Import and Export Data in 2023
Note: "/" indicates data not shown or disclosed.
ChinaFastener.com
2024 Global Business Trip - Japan Station
On October 5, 2024, CFM organized a business trip to Japan for over 20 renowned Chinese fastener enterprises. During the 7-day itinerary, they successively visited Kyocera Museum, Bossard Japan, SUNCO, EMANAK and the Nissan Yokohama Plant, and also attended the the Manufacturing World Osaka.
First Stop: Kyocera Museum
At the first stop of this visit, the team arrived at Kyocera Corporation, located in Kyoto.
This group expressed keen interest in the business philosophy of Inamori Kazuo, the founder of Kyocera. Inamori Kazuo, a business leader who established two Fortune 500
companies, has led his enterprises on the path of lean management with his core philosophies such as "Respect the Divine and Love People", the "Success Equation" and "Amoeba Management". These philosophies have cultivated a strong sense of belonging and dedication among employees towards the company.
It is worth mentioning that there were also disciples of Inamori Kazuo within the team, who were deeply influenced by his spirit and have integrated the concept of "spiritual and material prosperity" into their work. Mr. Huang Pu, the general manager of Chongqing Qibiao Machinery Co., Ltd., also shared his insights on Inamori Kazuo's business philosophy. He used PDL's business model as an example, illustrating the company's deep care for customers, which is reflected in its thoughtful and meticulous services. For instance, they strictly control the quality of their products and implement a "return if dissatisfied" policy, which have won the trust and loyalty of customers.
This people-oriented business philosophy aligns with Inamori Kazuo's business philosophy. Inamori Kazuo advocates the spirits of "Respect the Divine and Love People" and "altruism", emphasizing that enterprises should prioritize the happiness of employees and customers. By providing excellent services and creating a good working environment, enterprises can promote their sustainable development and the progress of society. Inamori Kazuo also emphasizes that while pursuing profits, enterprises should actively fulfill their social responsibilities and achieve "wise distribution of wealth", which complements the business practices of PDL.
Second Stop: Bossard Japan
After concluding the visit in Kyoto, the team ventured to Osaka, Japan's second largest city. The first destination was Bossard Japan, a joint venture between the Bossard Switzerland and the locally based Fujimoto Sangyo Co., Ltd. Bossard Japan boasts three operational distribution centers across Japan: Tokyo, Osaka and Hiroshima. President Fujimoto and the head of procurement guided the team through a tour of the Osaka distribution center, where the members had the opportunity to observe their advanced logistics management system and efficient operational processes.
Members gained firsthand insights into Bossard Japan's refined inventory management, automated picking system and stringent quality control procedures. During an in-depth
conversation with President Fujimoto, Mr. Chen Huagen, the founder of Suzhou Gongpin No.1 Network Technology Co., Ltd., posed questions about Bossard Japan's production scale, capacity, partner selection, product quality control, inventory management and cost control. President Fujimoto emphasized that while production scale and capacity are important considerations when selecting suppliers, it is even more critical to have a partner who can establish a long-term relationship. Bossard Japan has adopted a strict inventory monitoring system that automatically alerts them to product issues, ensuring timely inventory updates and effective cost control. Furthermore, the company flexibly adjusts its procurement strategies based on customer demands and inventory levels to meet stringent delivery time requirements. Even in the face of market price fluctuations, Bossard Japan manages costs by adapting to market changes and optimizing procurement processes, ensuring the provision of high-quality products at reasonable prices.
Bossard Japan is committed to building a robust supply chain, enhancing customer satisfaction and driving the company's sustainable development.
Third Stop: SUNCO
SUNCO has received another visit from CFM, prompted by the members' enthusiastic desire for a revisit after their previous trip. Established in 1948 and headquartered in Osaka, SUNCO currently employs nearly 800 staff. The company specializes in fasteners, tools and other products, offering approximately 2 million different items and
maintaining an inventory of over 300,000 products. As a distributor of fasteners, one of SUNCO's key strengths is its warehousing and logistics system, capable of processing an average of 35,000 orders per day, with a turnaround time as fast as 15 minutes from order placement to shipment.
CFM learned that SUNCO's "3Q-Net" currently lists around 1,300 global suppliers and receives orders from over 6,000 customers each month. Users can not only order products online, but also search for products by images, prices, inventory quantities, etc. Additionally, 360-degree views of product photos are available. This website primarily serves various fastener wholesalers and retailers, truly providing customized services.For example, they will even send a single screw if there is a request.
The visit to SUNCO was immensely beneficial for the members. Both their extensive product line and automated management mode are worthy of study.
Fourth Stop: Manufacturing World Osaka
On October 2nd, the team visited Manufacturing World Osaka. Since its inception in 1997, this exhibition has evolved into one of the key platforms for showcasing novel achievements and cutting-edge technologies in the global machinery sector. This event featured exhibitors from over 50 countries and regions, including Chinese participants such as Jinan Star Fastener Co., Ltd., Hisener Industrial Co., Ltd., Jiangxi Kaixu Automobile Fitting Co., Ltd., Zhejiang Hystron Auto Parts Co., Ltd., etc. More than 1,000 exhibits were displayed, spanning various fields including transmission technology, engines, fluid dynamics, mechanical components and related products, deburring and surface finishing techniques, surface treatment and modification technologies, testing, measurement, and sensors, as well as materials and manufacturing processes.
It was also discovered that many exhibitors were familiar with Fastener Expo Shanghai, one of the world's three major fastener exhibitions. Some had prior experience participating in the expo, and they expressed intentions to reconvene at Fastener Expo Shanghai, which is slated for June 17th to 19th, 2025.
Fifth Stop: EMANAK
After concluding the exhibition visit, the team arrived at Tanaka Precoat Co., Ltd. (EMANAK). Since its establishment in 1968, EMANAK has specialized in metal heat treatment, surface treatment and coating processing. The company has set up six branch offices in Japan and possesses seven major operational bases in Osaka, Kyoto, Aichi, Shizuoka, Saitama, etc. To expand its international market, EMANAK established EMANAK (Dongguan) Exact Metal Co., Ltd. in Dongguan, Guangdong.
Surprisingly, KAORU OKU,the plant manager of EMANAK (Dongguan), flew all the way from China to Japan to warmly receive the visiting team. EMANAK (Dongguan) primarily engages in the Geomet anti-rust surface treatment, featuring a closed processing system without drainage. The processing demonstrates outstanding corrosion resistance capability under salt spray and cyclic repeated testing conditions, with the duration of salt spray tests customizable according to client requirements.
Led by the plant manager, the team toured EMANAK's heat treatment and surface treatment plants. During the visit, Mr. Jiang Wenzhong, General Manager of Jiaxing Runyee Metal Technology Co., Ltd., expressed: "There is indeed a gap between Chinese fastener enterprises and Japanese enterprises in terms of surface treatment. This gap is mainly reflected in technology, equipment, materials and management experience. Japanese fastener enterprises possess advanced technology and extensive experience in these areas, enabling them to provide superior products
and solutions. To bridge this gap, we should implement the strategies of 'export promotion' and 'import facilitation', introducing advanced technology and management experience through international exchanges and cooperation, thereby enhancing our technological level and product quality."
Sixth Stop: Nissan Yokohama Plant
The final stop of this trip was the Nissan Yokohama Plant located in Tokyo. Led by the factory manager, the team visited the assembly workshops for Nissan's KR and GR-R engines, gaining insights into the development history and future direction of the esteemed Japanese automotive industry. The assembly workshop has stringent requirements for fasteners,
with each step from procurement to assembly undergoing rigorous quality inspections. The members conveyed their consent and explored avenues for further enhancing product quality management.
Member Reflections and Conclusion
Mr. Chen Huagen, the founder of Suzhou Gongpin No.1 Network Technology Co., Ltd., was deeply moved during this trip. He candidly admitted that witnessing the scale and strength of Japanese manufacturing factories made him realize the limitations of his previous understanding. However, this experience also reinforced his belief that as long as Chinese enterprises continuously optimize and improve their business
models, strategic positioning and team collaboration, they are fully capable of catching up with, or even surpassing the world's leading standards.
Mr. Deng Guozhong, the Chairman of Shanghai Chuanggu Fastener Manufacturing Co., Ltd., was impressed by the management and development positioning of Japanese enterprises. He noted that Japanese enterprises excel at cultivating corporate culture and planning employee development. When establishing their own positioning, enterprises should build on their strengths and set clear goals, promoting mutual growth between the company and its employees more effectively.
During this business trip, the members not only broadened their horizons but also gained a deeper understanding of the Japanese fastener market. For Chinese enterprises, Japan's outstanding practices in quality control, talent management and customer service provide valuable experience.
Amidst intense global market competition, China's fastener industry is accelerating its internationalization strategy. "Going global" has become the industry's collective choice, which is not just a bold effort to enter foreign markets, but a necessary step for competing globally.
"What's important is not where you go, but who you go with." The 8th Global Business Trip is about to embark on a trip to Germany, and CFM invites industry peers to collaborate. We
welcome global upstream and downstream enterprises in the fastener sector to host our visits. CFM will lead a delegation of key representatives from various fields in the Chinese fastener industry to visit your company.
For visit or cooperate, please contact: +86-18688878737.
CFM at Korea Metal Week: Empowering Chinese Businesses to Expand Overseas
From October 16 to 18, 2024, Korea Metal Week grandly opened at the Korea International Exhibition Center. This event is not only a vane for the metal processing industry but also a crucial platform for global metal processing enterprises to showcase their strengths and engage in exchanges and cooperation. CFM attended the event with the 39th issue of "China Fastener Magazine (CFM)".
In recent years, Korea's metal processing industry has experienced rapid development, with a total output value reaching USD 13.107 billion in 2023. Behind this figure lies Korea's outstanding performance in several key metal processing sectors such as automobiles, machine tools, molds, and electronics. The automotive industry ranks fifth globally, while the electronics industry firmly holds the second position worldwide. Meanwhile, the machine tool and mold industries rank seventh and fourth, respectively. These achievements not only demonstrate the strong strength of Korea's metal processing industry but also indicate its huge potential in the global market.
As a leading exhibition, Korea Metal Week plays a crucial role showcasing the latest technologies and products. It serves as a valuable exchange platform for fastener enterprises intending to expand their export channels into the Korean and global markets. Here, exhibitors can engage directly with the ever-evolving Korean fastener market, showcase their latest achievements and seek cooperation opportunities.
This exhibition attracted 362 exhibitors from 15 countries and regions, including Korea, China, Germany, the United States, Switzerland, Italy, Canada, India, and Taiwan, China, with an exhibition area reaching 10,660 square meters. Official data shows that over 30,000 professional buyers were present to witness the spectacle of the metal industry. The exhibition site featured multiple exhibition areas for the fastener and wire industry, providing an efficient and convenient platform for exhibitors and buyers. A full range of fastener manufacturing equipment and
products were on display, ranging from forming machines and thread rolling machines to bolts, nuts, rivets, etc., highlighting the latest technologies and products in the metal processing field.
It is particularly worth mentioning that a China Pavilion was specially designated at this exhibition, where 64 Chinese enterprises gathered to demonstrate the strength of Chinese enterprises. The 39th issue of CFM attracted the attention of numerous exhibitors and visitors at the exhibition. With the enthusiastic answers and promotion by the staff of CFM, many buyers expressed a keen interest in further understanding Chinese fastener enterprises.
With the implementation of agreements such as the "China-Korea Free Trade Agreement" and the "Regional Comprehensive Economic Partnership Agreement," Chinese enterprises will benefit from reduced tariff costs when exporting products to the Korean market. These trade deals are expected to further enhance market access and reduce barriers for Chinese goods, making them more competitive in Korea.. CFM will continue to assist Chinese enterprises in seizing opportunities and winning a broader international market.
Chinese enterprises not only showcased their technologies and products but, more importantly, established connections with international buyers through this exhibition, laying a solid foundation for future cooperation. CFM will remain dedicated to promoting Chinese fastener enterprises globally and helping them gain greater visibility and recognition in the international market.
A Comprehensive View of Russia's Fastener Market
On October 8 (local time), Fastenex 2024 took place at the Crocus Expo in Moscow. China Fastener Magazine (CFM) participated the exhibition and showcased the latest 39th issue of CFM.
Overview
The Russian fastener market has shown notable growth in recent years, primarily driven by large demand from the infrastructure and construction sectors. Based on industry reports, local fastener production in Russia is falling short of market needs, resulting in an increased reliance on imports. As one of the major suppliers, China's exports to Russia surged by 29.0% year-on-year from January to March 2024, making it a significant player in the Russian fastener market. Despite the challenges posed by changes in the global economic environment and economic sanctions from Europe and the United States, the Russian fastener industry still demonstrate considerable development potential and opportunities.
International Cooperation
The growth of the Russian fastener market also opens up opportunities for international cooperation. With the strengthening of relations between China and Russia, Chinese fastener export enterprises are expected to play a greater role in the Russian market. To expand their market share, Chinese companies need to continuously improve product quality, increase investments in research and development, and promote technological innovation to meet the demands of the Russian market.
Fastenex
Fastenex is a major international B2B trade exhibition tailored for manufacturers, wholesalers, distributors, and suppliers in the fastener and industrial supplies sector. Over 300 exhibitors displayed a wide range of products, including standard fasteners, industry-specific fasteners, wires, equipment, network systems, tools, etc., with a notable presence of Chinese exhibitors.
Exhibition Insights
During CFM's on-site visits, it was found that the majority of buyers at the exhibition came from various industries such as construction, automotive, aerospace, marine equipment,
electronics, engineering machinery, household appliance manufacturing and installation, energy generation, and communication equipment. It was estimated that over 1,500 professional visitors attended the exhibition.
At the exhibition, numerous buyers requested the 39th issue of CFM, inquiring about the manufacturing capabilities and product types of Chinese fastener enterprises. Furthermore, a Russian industrial magazine expressed interest in collaborating with CFM to exchange information resources.
Conclusion
As the exhibition drew to a close, CFM found that the cooperation between China and Russia in the fastener field holds immense potential, highlighting the competitiveness and influence of Chinese enterprises in the international market.
CFM will continue to serve as a bridge connecting the Chinese fastener industry with the global market, providing the latest market dynamics, in-depth industry analysis, and professional consulting services. We look forward to collaborating with more enterprises from all around the world to explore new opportunities and propel the globalization of the fastener industry.
2025 FASTENER EXHIBITIONS
India Fastener Show 印度紧固件展(钦奈)(CFM's Featured Partner) 2025
Mar.
May
25-27
8-11
9-11
Fastener Fair Global 德国斯图加特紧固件专业展
Stuttgart·Germany
Feicon 巴西(圣保罗)五金建材展
São Paulo·Brazil
Fastener Fair USA 美国紧固件展 Apr.
Jun.
Jul.
8-10
14-17
Manufacturing World Nagoya 日本(名古屋)工业展览会
Nagoya·Japan
Fastener Fair India(CFM's Featured Partner) 印度紧固件展
New Delhi·India
Metaltech & Automex(CFM's Featured Partner) 马来西亚国际机床、金属加工设备与自动化科技展
Kuala Lumpur · Malaysia
28-29
Nashville·USA
17-19
18-21
9-11
11-13
Shanghai·China
Manufacturing Expo(CFM's Featured Partner) 泰国机械制造博览会
Fastener Expo Shanghai 上海紧固件专业展(CFM's Featured Partner) Bangkok·Thailand
Chiba-city·Japan
Manufacturing World Tokyo 日本(东京)工业展览会(CFM's Featured Partner) Chennai·India
Aug.
Sep.
6-8
Vietnam Manufacturing Expo
越南制造业博览会(CFM's Featured Partner)
Hanoi·Vietnam
Fastener Fair Mexico
4-6
15-17
27-29
1-3
7-10
21-23
29-31
墨西哥紧固件展览会
Guadalajara·Mexico
International Fastener Expo
美国拉斯维加斯国际紧固件展(CFM's Featured Partner)
Las Vegas·USA
Hand Tools & Fastener Expo
印度国际五金工具展
Mumbai·India
Manufacturing World Osaka
日本(大阪)工业展览会(CFM's Featured Partner)
Osaka·Japan
Fastenex(CFM's Featured Partner) 俄罗斯国际紧固件展览会
Moscow·Russia
FastTec 俄罗斯国际紧固件及五金展览会
Moscow·Russia
Korea Metal Week(CFM's Featured Partner) 韩国金属周
Seoul·South Korea
HTF Vietnam(CFM's Featured Partner) 东南亚五金、工具及紧固件展(越南站)
Hanoi·Vietnam
Manufacturing World Fukuoka 日本(福冈)工业展览会
Fukuoka·Japan
Fastener Expo Frankfurt 法兰克福紧固件专业展(CFM's Featured Partner)
Ningbo ABC Fasteners Co., Ltd.
宁波联欣标准件有限公司
Ningbo ABC Fasteners Co., Ltd. is one of the main manufacturers for building anchor in China. We are able to provide various kinds of anchor such as drop in anchor, wedge anchor, metal frame anchor, sleeve anchor, etc. We also provide standard & non standard parts.
Jiaxing Haina Fastener Co., Ltd. mainly deals in the sales of fasteners, stainless steel bolts, nuts, screws, solar mounting systems and solar photovoltaic accessories. Welcome interested parties to consult.
Ningbo Jiulong Chuangzhan Fastener Holding Co., Ltd. is an enterprise specializing in the production, research & development, sales, and technical service of high-strength fasteners. The products, including hexagon bolts, socket head screws, studs, hexagon nuts, welding studs, other high-strength fasteners, and non-standard fasteners made according to the drawings, are widely applicable in metallurgy, power, petrochemical industries, large span steel structure factories, high-rise buildings, wind power generation, railway bridges, cross-sea bridges, subways, oil refineries, etc. The company has passed the ISO9001:2015 Quality Management System, IATF 16949:2016, ISO14001:2015, and ISO45001:2018 certifications. All products adhere to the standards of GB, ISO, EN, DIN, ASME, JIS, BS, and other international standards.
Wenzhou FengDing Fastener Manufacturing Co., Ltd. was founded in 1997. The company mainly produces flange bolts, hex bolts, machine screws, big large flat top products of GB DIN JIS and other international standards. Parts can be produced according to customer requirements.
Our company specializes in construction fasteners, which are widely used for outdoor walls, indoor decoration, and the fixing and installing of doors, windows, ceilings, air-conditioners, roof boards, floors, etc. Additionally, they are utilized for highway guards and photovoltaic equipment. The products are made of carbon steel, stainless steel, alloy steel, reinforced nylon, brass, zinc alloy and so on.
CHINFAST was established in 2005, with two whollyowned factories, JOYSTART and YOUSUN (Factory code:C788). Currently CHINFAST export around 8,000 containers annually. lt has actively expanded its business over the past five years from the main focus on manufacturing of multi-purpose wood screws, timber screw and decking screws to the DIY fasteners packaging services. In the ever-changing global market, we hope to create a new milestone for sustainable business development.
Join Fasteners has grown into a leading player in the fastener industry. We're holding three main factories covering an area of around 200 acres, supplying our customers with One-Stop shopping for Premium Quality and Multi-grade steel screws, bolts, nuts, washers, threaded bars, and so on.
Shenzhen Dahe Industrial Co., Ltd. is the world's largest self-drilling screw manufacturer. The factory covers an area of 400,000m². It is a fullindustry chain manufacturer with ISO9001 quality management system and CE certification system. The company is positioned in the global mid-to-high-end market and is well-known in the industry for its quality.
Shenhu was established in 1984. We are a professional fastener manufacturer that integrates production, supply, and marketing. We have over 100 advanced equipment from Taiwan and Japan to ensure high-quality products. We have passed IATF 16949, ISO 45001, and ISO 14001. Also, we implement ERP computerized network management, focusing on providing high-quality service for clients in various industries.
Handan Feite Metal Products Co., Ltd. integrates production and sales, renowned for its highquality products and timely delivery. The company specializes in manufacturing hexagon flange concrete cement self-tapping self-cutting anchor bolts, elevator expansion screws, wedge anchors, British/American standard carriage bolts, British/ American standard hex bolts and flange bolts, spring nuts, stamping products, and also offers customized production services.
AOYI specializes in custom non-standard screws, bolts, rivets, special parts, CNC parts, etc. We are committed to providing customized fastening solutions with independent research and development, production, and sales. We possess comprehensive abilities in quick response, short delivery times, stable quality, and customized design solutions.
Started in 2007, with more than 10,000 square meters of workshop and package warehouse, we offer screws for composite deck, windows, concrete, wood, furniture, steel pipe, roofing and customized items. Monthly production yield is 700-1,000 tons, and we are increasing day by day. We sincerely hope for your cooperation and trust.
KINGPLUSE, ISO9001:2008 certified, is a professional manufacturer and exporter of screws, bolts and nuts, as well as an exporter of a wide range of industrial and constructive fasteners. Main products are self-driling screws, roofing screws, hex head bolts, and customized products.
The company always works faithfully, professionally and people oriented to increase the quality of products constantly and create famous corporation. Products: DIN985 DIN982 ANSI BSF NYLON LOCK NUT, DIN1587 CAP NUT, DIN6923 etc.
UNI-PROTECH WAS FOUND IN 1992, AND ESTABLISHED CHINA BRANCH IN 2010. OUR PRODUCTS ARE USED IN THE FIELD SUCH AS AUTOMOTIVE, SOLAR PANNEL, EV, MINING, CONSTRUCTION, ETC. WE PROVIDE ONE-STOP SOLUTION FOR YOUR FASTENERS NEEDS. OUR LAB IS ISO17025 CERTIFIED AND WHOLE GROUP IS ISO9001 CERTIFIED TO ENSURE OUR PRODUC QUALITY AND RELIABILITY.
Established in 1983, SRC specializes in BLIND RIVETS, BLIND RIVET NUTS, & RIVETING TOOLS manufacturing. We can manufacture 6 billion blind rivets that meet DIN 7337, IFI and ISO standards annually – production power that most competitors simply can't match. We also produce up to 2 million high-quality riveters annually, leaving no doubt that we can cover your largest, most demanding orders. For more details, visit our website today.
Shanghai Fast-Fix Rivet Corp. is a Chinese leader in Blind riveting systems. We have two rivet factories We are ISO9001 and IATF196949 certified, with 80% products exported to worldwide. We offer a comprehensive line of blind rivet, including open type blind rivets, closed-end rivet, multi-grip rivet, tri-fold rivet, peel type, grooved, and high strength structural rivets.
Nuts
Rivets & Self-clinching
Shanghai Shangdian Washer Co., Ltd.
上海上垫垫圈有限公司
Shanghai Shangdian Washer Co., Ltd. is a washer manufacturing company located in Shanghai, China, established in the early 1960s.
We specialize in producing all types of washers, including flat washers, wave spring washers, spring lock washers, deformed washers for automobiles, square taper washers, square hole washers, conical spring washers, serrated lock washers, toothed lock washers, round washers, and plastic washers. We can utilize any material, ranging from Aluminum and Brass to Titanium and Viton, in accordance with DIN, BS, ANSI, ASTM, JIS, and NF standards.
Dongguan Grand Metal Precision Tech Industrial Limited
东莞市昕艺精密五金有限公司
Grand Metal produces self-clinch nuts, standoff, studs equivalent to PEM standard, rivet nuts, weld studs, cage nuts, brass inserts and customized parts for CNC and cold forging, 200 millions stock, 5000+ items, PPAP and IMDS for automotive industry, IATF 16949 certificated . Most quotation can be obtained within 24-48 hours, with samples usually available within one week.
Established in 2005, BSC Corporation Ltd. is a reliable manufacturer and exporter of washers and other fasteners, with two factories which located in China's Jiangsu and Shandong, we not only produce the washers, anchors and stamping parts, also export other fasteners, our products have been exported to more than 60 countries.
Hengchang is leader factory of spring washer and cotter pins in mid-china.it was built in 1966 and passed TS16949 at 2006.products service to car and train industry well.The capacity is over 10000 tons.we are famouse with high quality and good service.
"It takes months to earn a customer and seconds to lose one..."
Sunrise is one such company that understands this. Therefore, we offer high-quality products while ensuring customer satisfaction and longterm customer relationships.
San Yung is a professional manufacturer of high-quality heat treatment machines.
Since its establishment in 1970, San Yung's brand has been affirmed by all of our customers.
Now we mainly have products such as: applications for continuous bright carburizing (tempering) quenching furnaces, continuous hot blast non-oxidation annealing (spheroidizing) furnaces, etc.
86-18258308999
18258308999@139.com www.sanyung.com
Equipment
Cargin Fasteners Co., Ltd.
嘉紧紧固件有限公司
Cargin Fastener Company is a manufacture of circlips,washers,rings based on many standards.With advanced machines and more than 20 year's experience, we provide our customers high-quality product,DIY package,reasonable price,on-time delivery and good service.Having customers from all around the world, we are here to wait for you.
Our company specializes in automatic elevators, automatic packaging machines, and other equipment. We provide standardized production, a complete range of varieties, diverse specifications, as well as diversified customized services. Welcome to consult with us!
86-13829295012 385324878@qq.com www.dgyaolin.com
Zhejiang Jiancai Machinery Co., Ltd.
浙江键财机械有限公司
Our headquarter was established in Taiwan in 1973, with the branch set up in China in 2001, with experiences spanning more than 50 years in serving thread rolling machines to the customers worldwide. The external diameter of thread rolling machines varies from 1mm to 38mm, with length up to 600mm.
Kunshan Datong Precision Dies Co., Ltd. 昆山大同精密模具有限公司
Kunshan Datong Precision Dies Co., Ltd., founded in 2005, is a technology-oriented enterprise focusing on the manufacturing of cold heading dies and accessories. The company owns more than 6,000 square meters of production plants, and more than 70 sets of production and processing equipment. The company has more than 50 employees, and the core staff has nearly 30 years of industry experience.
86-18662459572 ksdatong@163.com www.ksdatong.com
Suzhou
Jungu Precision Moulding Co., Ltd. 苏州钧固精密模具有限公司
JunGu has purchased advanced production and testing equipment such as Swiss GF wire cutting, Japanese Makino spark machine, American Hardinge CNC lathe, Japanese Mitutoyo CMM etc., and adopted ERP management software to optimize the production process and form a unique processing system to provide customers with high-precision, fast delivery, and high-level molds at competitive prices, to ensure stable and efficient production for customers.
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