Hardware & Fastener Components Magazine No.52

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We have more than 30 years of experience in parts manufacturing, conforming to ISO 9001-2015 international quality certification in 2017, and specializing in OEM/ODM services to produce precision metal parts and various hardware parts using CNC sliding head and fixed head automatic lathes.

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We adopt Japan STAR and CITIZEN sliding head and fixed head automatic lathes and CAM style lathing.

Our OEM services mainly include producing scooter and bicycle parts / automotive parts / building hardware / air tools / bathware parts / active components / spare parts / communication parts / accessories / flush head self-clinching studs / wheel nuts.

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Industry Focus >>

by James Hsiao

The Impacts of

COVID on Taiwan Auto Parts Industry and Its Strategies

How did the COVID Impact the Global Automotive Industry?

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While the whole world is concerning about how severely the Covid will impact the world economy, most economists around the world agree that the impacts on the global economy by the COVID are wider and deeper than they originally expected, as every economy in the world has suffered unprecedented impacts and the automotive component industry has been greatly impacted as well.

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Under the influence of the COVID, the global automotive industry faced exceptional crises in their production and the consumption market, including temporary shutdown of car factories, industrial supply chain disruption, new vehicle sales plunge, aftersales market freeze, unemployment & gloomy economic outlook, all of which significantly cut down on customers’ trust. After all these changes, will the gradually recovering global auto parts industry also bring Taiwanese auto parts industry to life? Where can the automotive industry survive? Will it lead to a transformation in the auto parts industry?

Development Overview of Taiwan Auto Parts Industry

肺炎疫情對台灣汽車零組件產業 的影響與因應策略 (b) Made in Taiwan and Sales Around the World Taiwanese auto parts industry has been supplying pro duct s to ca r m a nu fa ct u r i ng pla nt s i nvest e d by Japanese for long, so manufacturing equipment they use and the way they run their business are basically deeply influenced by Japan. Some leading car manufacturers even had the experience in OEM car production and selling products to the Middle East countries. Taiwanese auto parts manufacturers usually set up their R&D centers in Taiwan, due to the competitive edge of lead time, quality, and cost. For example, their rubber/plastic anti-collision components have been certified and tested; market shares of their bumpers, rear-view mirrors, and lamps are high in N. America and Europe; their motor and transmission components have entered the supply chains of well-known EV brands. Orders for high value-added products are processed in Taiwan and exported to the world.

The production value of Taiwanese auto parts industry in 2020 was around 7.39 billion USD (90% generated from Taiwan, 8.9% from China, and 1.1% from ASEAN & other countries). Graph 1 shows the capacity deployment of Taiwanese auto parts manufacturers.

Graph 1.

(a) Localized Marketing Through Chinese Operations Leading Taiwanese auto parts companies have not only tapped into the supply chains of local Chinese car manufacturers, but also have entered the Chinese automotive aftermarket through joint ventures with Chinese companies or establishing subsidiaries directly. With localized production and sales supported by domestically supplied raw materials and human resources, Taiwanese investors in China have formed several industry clusters alongside the coastal areas in Kunshan, Shanghai, Zhejiang, Guangzhou, and Xiamen. In 2020, the total revenue of these Taiwanese investors in China represented roughly less than 8.9% of the total production value of Taiwanese auto parts industry.

Source: IEK (2021/06)

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Industry Focus >> Taiwanese Auto Parts are Mainly Sold to U.S. Aftermarket

The Position of Taiwanese Auto Parts Industry in 3 Major Regional Markets

Under the influence of the COVID in 2020, the value of the global auto parts market reached 1,446 bn USD, down 6.8% from 2019. China represented 380.3 bn USD (26.3%), Europe 367.3 bn USD (25.4%), the U.S. 347 bn USD (24.0%). All these three major markets represented 75.7% in total. China and Europe altogether represented 51.7%. Graph 2 shows the percentages of various auto parts markets in the world.

Main export destinations of Taiwanese auto parts in 2020 in sequence were USA (52.2%), Europe (23.7%), Japan (5.3%), China (3.9%), etc. About 8.9% of the total production value of Taiwanese auto parts in 2020 was generated by leading Taiwanese investors in China, who mainly supply the auto parts market and aftermarket for Chinese car brands and int’l car brands (e.g., VW, GM, etc.). Due to the influence of COVID, the export value of Taiwanese auto parts in 2020 was 5.31 bn USD, down 10.8% from 2019. Taiwanese auto parts manufacturers are dedicated to improving their production equipment and investing in smart manufacturing systems. Through positioning Taiwan as the R&D and production HQ as well as manufacturing various low-volume & high value-added parts in a more flexible way, Taiwanese companies can accept orders, manufacture, and sell products to the whole world.

Graph 2.

(a) U.S. Market

Source: IEK (2021/06)

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The production value of Taiwanese auto parts industry in 2020 was 7.39 bn USD. In addition to 0.79 bn USD worth of production supplied to the domestic Taiwanese market, the industry also had 89.3% of its total production (6.6 bn USD) exported to the world. The largest export destination for Taiwan was USA representing 3.86 bn USD (52.2%), followed by Europe representing 1.75 bn USD (23.7%) and China representing 0.29 bn USD (3.9%).

Taiwan exports a diverse range of auto parts, most of which are plastic parts (incl. lamps, bumpers, rear-view mirrors, etc.), electric parts, braking systems, precision machined components such as wheels, gears, hubs, etc.). Graph 3 shows percentages of Taiwanese auto parts in worldwide markets.

(b) Chinese Markets Auto parts factories of Taiwanese investors in China are basically for production of engineered machining (e.g., gears and shafts), heat treatment, auto interiors/exteriors surface finishes (such as electroplating), plastic forming dies, clamps/ tooling. Most of these factories are located in the auto parts industry clusters in Shanghai, Kunshan, Suzhou, Dongguan, and Ningbo. Those auto parts they produce are supplied directly to Chinese or int’l car brands for their car assembly and aftermarket service.

(c) European and Other Markets There are lots of auto parts manufacturers in Europe and entering the market for outside competitors (including Taiwanese suppliers) is quite challenging. Taiwanese suppliers mainly export lamps, bumpers, body sheet metal, fenders, rear-view mirrors, etc. to European aftermarket. Taiwanese manufacturers mainly set up their warehouses in the Netherlands and Germany, while some others chose to collaborate with local partners to set up their JV factories. Taiwanese manufacturers are also reinforcing their footprints in the deployment of EV charging stations in Europe.

Graph 3.

Impacts of COVID on the Auto Parts Industry and Ways to React to Them (a) Upstream Supply End << Impacts >> Source: IEK (2021/06)

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Considering the vast territory and high wage level of the U.S., Taiwanese companies usually prefer setting up local warehouses to setting up factories directly. U.S. aftermarket is related to car ownership and accident rates. The more car ownership, the higher accident rate and higher demand for aftermarket service. Current U.S. car ownership reached 0.28 billion vehicles, which are the main market for aftermarket service. However, the market for aftermarket service can be also divided into the high (winter) and low (summer) seasons.

★ City lockdowns, people contracting the virus or sent to quarantine, disruption of logistics and auto parts supply.

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Industry Focus >> ★ As auto parts are usually processed in multiple stages (e.g., machining->heat treatment->grinding), the pandemic led to the discontinuation of parts manufacturing procedures. ★ Auto parts are involved in an international supply system, so the pandemic resulted in production and sales disruption across provinces, prefectures, or countries. << Ways to React to Them >> ★ Introduction of Just-in-Time and AI production equipment, reducing the demand for labor force. ★ Increasing stocks or diversifying the inventory locations of critical parts featuring high risks or low substitution possibility (e.g., safety parts). ★ Enhancing or simplifying manufacturing procedures of parts to shorten the industrial value chain. ★ Cultivating more suppliers of parts substitutes to disperse the risk.

(b) Downstream Consumption End << Impacts >> ★ Cars cannot be shipped out of the factories and sold until they are fully assembled with necessary parts. The pandemic discontinued the supply chain and influenced car sales and maintenance & repair.

a significant growth from 2020. With more vaccinations to help flatten the pandemic curve in 2021 and the implementation of economic stimulus plans in major countries, the value of global auto parts sales is expected to reach 1,533.6 bn USD, up 6.3% from 2020. Graph 4 shows the growth rate forecast of the global auto parts production value in 2021.

(b) Taiwanese Auto Parts Industrial Outlook Reshoring of Taiwanese manufacturers and introduction of automated equipment and production are favorable to beefing up the cost competitiveness. It is expected that in 2021 Taiwanese auto parts industry will embrace an increase in their overseas sales due to the easing pandemic curve and their full-year production value will be 221.45 bn NTD, up 5.1% from 2020. The reason for such a production value increase can be attributed to the significant increase in auto parts exports to the U.S., Europe, ASEAN, Japan, and China. On the other hand, the percentage of EV parts will also appear growth. Graph 5 shows the growth rate forecast of Taiwanese auto parts production value in 2021.

Graph 4.

★ The supply of critical parts featuring high risks or low substitution possibility was impeded or disrupted due to the need of multiple processing steps and supply across provinces, prefectures, or countries. The risk of supply was heightened. ★ Car production requires the seamless collaboration amongst auto assembly, whole vehicle testing and verification, shipment/sales/aftermarket, but the pandemic influenced every segment. << Ways to React to Them >>

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★ Cultivating the second upstream parts suppliers to avoid the risk in the supply system.

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★ Establishing the idea of Just-in-Case and dispersing parts inventory or logistics ways (for example, Toyota utilizes logistics trucks as movable warehouses) to reduce inventory space and achieve JIT supply.

Source: IEK (2021/06)

Graph 5.

★ The auto parts industry can introduce Block Chain and Industrial Internet of Things (IIoT) to get connected to the supply chain of production, sales, aftermarket and recycling.

Global and Taiwanese Auto Parts Industrial Outlooks in 2021 (a) Global Auto Parts Industrial Outlook Car ownerships in the U.S., Japan, and major European countries continue to rise, which can generate positive effects on the aftermarket. Emerging markets like China, India, Mexico, and ASEAN are also seeing a bigger aftermarket due to the growing post-COVID demand for auto parts. It is expected that in 2021 the economic growth rate of China will exceed 8%.

While the governments are formulating policies to popularize the use of new-energy vehicles and establishing guidance to increase EV sales, the demand for critical EV parts will appear

Source: IEK (2021/06)

Industry Focus >> Future Development Strategies of the Auto Parts Industry (a) Upstream Supply End Utilizing digital tools and platforms to enhance the effectiveness of supply chain management.

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Using IIoT, Block Chain, Cloud Service and digital tools to reinforce transparency of supply chain operation and get a real-time understanding of changes in upstream/middle stream/downstream supply chain operation. Introducing JIT production and establishing AI production lines to reduce the demand for labor and improve production efficiency.

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Making the most of AI database to analyze and make decisions, achieving the AI-driven supply chain management.

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Conducting continuous analyses of market demand and raw material prices through the use of AI, Big Data, or other analyzing tools and cultivating the second upstream parts suppliers to reduce the uncertainty and risk of supply chain operation.

(b) Downstream Consumption End •

Utilizing digital tools and platforms to enhance service efficiency.

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Establishing the idea of Just-in-Case and dispersing parts inventory or logistics ways to reduce inventory space and achieve JIT supply.

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The auto parts industry should introduce Block Chain and IIoT to get connected to the supply chain of product planning, R&D, production, sales, aftermarket, and recycling.

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Making the most of AI database to analyze and make decisions, achieving the AI-driven supply chain management.

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Improving digital manufacturing to realize instant data collection and operation visualization of parts production lines; using AI to improve supply chain coordination, ensure auto parts quality, and increase capacity utilization.

(c) Government End For Taiwanese manufacturers

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Adjusting untimely tariffs on auto parts (such as lower-end stamped sheet metal or rubber/plastic interiors and exteriors), to help manufacturers cut down on manufacturing costs, increase price competitiveness, and reduce too much reliance upon imports from Japan, China, etc. Helping manufacturers transform their business to avoid industrial competition and set foot on niche products, such as critical EV parts.

For int’l community

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Helping manufacturers apply for int’l certification (such as auto-pilot vehicles or Internet of Vehicles) to win over opportunities to collaborate with int’l car brands. Increasing manufacturers’ brand awareness in int’l community through helps of governmental institutions functioning abroad (such as attending trade or business matchmaking events) and expanding sales to emerging markets (e.g., ASEAN, Central/ E. Europe, the Middle East, Central/S. America). Signing investment & trade protection protocols to help companies accelerate their business deployment.

Recap Due to the COVID pandemic, the global auto parts consumption market in 2020 reached 1,446 bn USD, down 6.8% from 2019. Main consumption markets included the U.S., China, Europe, Japan, etc. It is forecast that due to the flattened pandemic curve in major countries and economic stimulus plans of certain countries to boost consumption, the global auto parts market in 2021 will reach 1,536.6 bn USD, up 6.3% from 2020. In Taiwan, with the easing pandemic curve, recovering orders, and growing market demand, its auto parts production value is also forecast to reach 221.5 bn NTD, up 5.1% from 2020.

Over 90% capacity of Taiwanese auto parts industry is deployed in Taiwan and mainly for exports to the U.S., Europe, Japan, and China as well as the domestic market for car assembly and aftermarket. 8.9% of its capacity deployed in China is mainly for supplying Chinese brands and aftermarket. In 2020 the value of Taiwanese auto parts export reached 5.31 bn USD, down 10.8% from 2019. Main export destinations were the U.S. (52.2%), Japan (5.3%), China (3.9%), and Germany (3.0%).

The current position of Taiwanese auto parts in the global market can be attributed to their JIT supply, stable product quality, competitive costs, and the supply of superior quality and certified rubber/plastic parts and engineered machined parts to customers. The market share of Taiwanese auto parts is very high in the aftermarket of N. America, Europe, and Japan. Taiwanese auto parts manufacturers are also actively expanding their business to emerging countries like ASEAN, Mexico, and the Middle East countries.

The major COVID-related impacts on Taiwanese auto parts industry are the value reduction of its export to the U.S., Europe and Japan, caused by the pandemic, logistics disruption, container shortage, and dollar depreciation.

The future development strategies of Taiwanese auto parts industry should be: Upstream suppliers improve their manufacturing procedures and extend their reach to EV auto parts. In the downstream consumption end, the supply chain risk management mechanism should be established and participation in the eco-system of the int’l supply chain is also important.

It is suggested that Taiwanese Government should reduce the tariffs on lower value-added auto parts (such as lower-end stamped sheet metal or rubber/plastic interiors and exteriors), encourage companies to introduce AI production equipment in order to reduce manufacturing costs and increase price competitiveness, guide companies to transform their business to avert industrial competition and extend their reach to niche products (e.g., critical EV auto parts, charging stations, etc.).

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Company Focus >>

五金、手工具與各業界的關鍵基石

磁通磁性科技股份有限公司

Magtech Magnetic Products Corp.

RoHS & ISO-9001 & TÜV Certified

Cornerstone for Hardware & Hand Tool Industries

by Dean Tseng, Fastener World With 29 years of history, Magtech specializes in various permanent magnets, magnetic applied tools, magnetic holders, magnetic rollers, magnetic bars, magnetic plates, etc. In line with the New Southbound Strategy of Taiwan, Magtech has built the overseas bases in India (Mumbai and New Delhi), Indonesia (Jakarta), and Malaysia (Kuala Lumpur), where the company has local project managers who can provide the latest market intelligence and communicate with potential buyers in local languages to get closer to them. The contacting office in Japan has Japanese staff promoting all kinds of magnets and magnetic health care products and is successfully boosting sales.

Service Upgrade with Product Demo Room Launched in the Tamsui Plant

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A dedicated demo room was arranged for clients to find the magnetic products that suit them the best. The room displays magnets, magnetic applied tools, and magnetic health care products. Any clients with or without a design concept or idea in mind can come to the room to know the various types of magnets. Samples are available for sales on the spot. The room utilizes both the functions of display and education.

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Working in Tandem with Hardware & Hand Tool Industries The company can provide standard and customized magnetic holders, screws, hooks, bars, plates, devices and magnetic separators. Furthermore, it collaborates with other industries and, as an example, has helped a client refine a stainless steel bearing component. Its staff dismantled the client’s sample, offered a n i m p r ove d d e s i g n , and then assembled the magnet and outer casing into the final product, diving into every manufacturing process and providing complete technical support.

The Industry’s One and Only “Magnetism Shopping Mall Taiwan (MSMT)” Manifesting Online Retail of Magnetic Products “Magnetism Shopping Mall Taiwan” was the first online retail site established early in November 2010 to offer clients the convenience of purchasing a small amount of magnetic products to test them. The MSMT contains a purchase interface and payment system which are on par with TV shopping channels. The products on display are complete in specification and type and are readily available even for singleitem purchase. Quite a few major clients start their purchase with the samples displayed in the MSMT and then place batch orders after a successful test. Now they are loyal and long-time clients. MSMT has gone a long way for Magtech’s sales. The MSMT is now open for Taiwanese customers including anyone in the hardware and hand tool industries as well as on health care products. They can also leave a message online to purchase products with sizes that are not listed.

Overseas customers can place orders and purchase directly via the following website: www.magnetsretail.com.tw

A Critical Pillar Supporting Various Industries The company has taken measures against COVID in the last two years. It communicates with clients and solves their problems via telecommunication apps and videoconferencing software to keep operating the business. Magnets will be indispensable for the future world going for less carbon and even going carbon-free. Electric vehicles and public transport are much related to the application of magnets.

Magtech speeds up the progress of digitization and hopes to provide clients with faster and more convenient service.

Unique Know-how for High-hurdle Market “India is known as the hardest place to promote overseas products, but now it is our primary market,” said the company.

This is achieved through an integrated effort of our expertise, patience, sincerity and know-how rather than price advantage. “First, doing business begins with understanding the culture, so we are an active member of Taiwan India Business Association and attend its seminars and member meetings. Next, be patient and don’t give up easily. Someday you will reap what you have sown.”

Contact: Ms. Rosalin Chou

Email: export@magtech.com.tw

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Stamped Parts & Industrial Assembly Hardware >> 寧波欣遠鈞固實業 - 一站式工業、建築高端零件製造服務

Jingle-Tech Fasteners-

One-stop High-end Industrial and Construction Parts Manufacturing Service

by Gang Hao Chang, Vice Editor-in-Chief of Fastener World

With a consolidated presence for nearly 15 years in the international market, Jingle-Tech Fasteners Co., Ltd., well-known for its excellent product processing technology and well-experienced technicians, continues to supply screws, bolts, nuts, washers, anchors, and assorted parts for construction applications made of carbon steel, stainless steel, alloy steel, brass, and nylon to domestic and overseas clients from medium to high end industrial and construction markets. As its products feature stable & high quality and highly competitive price range, lead time, and customer service, Jingle-Tech has been trusted and recognized by clients in Europe and America. In 2020 it also reported an outstanding sales result of around US$ 10 million.

One-stop Service Creating Cost Advantages for Clients In response to various clients’ demands for bulk orders or low-volume-and-diverse items, Jingle-Tech not only has its own factory, but also collaborates with several associate factories that can provide intime support to it. As a result, its professional sales and technical teams can help create the best balance point for clients at all times without sacrificing product and service quality. On the other hand, its clients can have their demands for diverse products fully satisfied by contacting only one supplier, which is quite efficient in all aspects and allows them to get more cost advantages in the face of external competition.

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“Our collaboration with clients are based on the long-term and rock-solid trust between each other. Plus, as we are also a member of a domestic hardware association, we are able to get access to more complementary partners in the industry, enabling us to handle every client’s demand in the most appropriate way. It’s no problem to us to process tens of containers per month!”, said General Manager Candy Wang.

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Dedicated to Medium to High End Markets Expansion and Transformation are Already Underway Products of Jingle-Tech are of high quality and its manufacturing procedures are also compliant with IFI, DIN, BS, ISO, JIS, and AS standards, so Jingle-Tech can always maintain a quite high market share in European and American medium to high end markets. The European market particularly represents more than 60% of its total sales. Clients’ orders from other markets like USA, Mexico, Brazil, and countries in S. America are also received regularly. Talking of the benefits brought by market recovery this year, General Manager Wang said, “Our capacity has been fully booked through next year. Accordingly, I expect our 2021 full-year sales result to perform well and land on the mark of US$ 15 million.”

In addition to manufacturing industrial and construction parts, Jingle-Tech has been also dedicated to the expansion and transformation of its current product portfolio in recent years, and has extended its reach to CNC machined parts, welded parts, non-standard industrial parts, safety products, etc.

Wang added, “Our team excels at R&D very much! We can not only develop new products on our own, but also can provide clients’ drawings with the most professional suggestions and national inspection reports. We’ve been certified by ISO 9001 and CE and also considering applying for IATF 16949 and ETA in the future.”

Wang noted, “Going toward the development of more advanced parts is quite challenging, but is the best approach to demonstrating our team’s strength instead. I highly anticipate that Jingle-Tech will continue to strengthen its reach to the international market and promote the value of products and brands for more industrial clients.”

Contact: General Manager Candy Wang Email: sales@jinglecorp.com

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自主模具開發 延昌跨足

Stamped Parts & Industrial Assembly Hardware >>

Independent Die Development Capability YEN CHANG Shines Bright with CNC Machining Service

by Gang Hao Chang, Vice Editor-in-Chief of Fastener World

展鋒芒

Yen Chang Hardware Hooks & Spring Factory is specialized in production of hardware and stamped parts made of stainless steel, aluminum, and copper…etc. In recent years it has extended its footprints to the field of CNC machined parts with higher precision. Being fully compliant with the requirements of ISO 9001:2015, products of Yen Chang have been successfully applied to automotive/motorbike components, precision fixture & tooling parts for hi-tech industries, metallic fixture accessories for solar panels, electronics parts, metallic parts for biotech industries, fastener hook components, camping hardware, fishing hardware, hardware for daily use, and many other customized products.

In order to satisfy customers’ demands for different volumes and adapt to the complexity of on-site machining, Yen Chang has sequentially introduced CNC spring former, multi-slide forming machine, servo press, C-frame crank press, servo bending machines, etc.

For years, the high product quality, efficient CNC service, and professional team of Yen Chang have become a common view in its global customers’ minds and the best proof of its reckless efforts to help customers create their own brand value.

“Our facilities, including CNC or traditional milling machines, were mainly purchased from Japan. These facilities a re of high precision, so errors can be avoided. Our professional technical team also has capabilities for independent die development and R&D in automated manufacturing procedures, which can greatly reduce the outsourced processing cost and enhance delivery efficiency. In addition, with 30-40 years of close ties with our associate factories, Yen Chang’s ultimate goal is to fulfil our social responsibility for establishing mutual growth with our factory partners and customers,” says Sales & Purchasing Manager Kiwi Cheng.

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Speaking of the current situations of surging global market demand and insufficient material supply, Cheng added, “We’re always dedicated to playing a key role in reminding our customers of keeping their eyes on material price fluctuations and possible shipment delay, and offer them suitable inventory suggestions to avoid the risk of disrupted supply.”

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“A good sword takes the blacksmith ten years to grind.” However, it took more than 30 years for Yen Chang to make its sword shine even brighter.

Over the past 3 decades Yen Chang never stopped facility renovation and technique improvement. With the advent of more challenges, Yen Chang will not exclude any possibility of developing more products and set any limit on its service range, as it hopes to get away from the traditional framework and grow together with customers.

Contact: Kiwi Cheng, Sales & Purchasing Manager

Email: yenchang201@gmail.com

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Stamped Parts & Industrial Assembly Hardware >> 金欣全精密 - 硬底子的CNC技術行家

JIN SHIN CHYUAN INDUSTRY The Irreplaceable Great Hand at CNC Machining

by Gang Hao Chang, Vice Editor-in-Chief of Fastener World “The most difficult blueprint makes all turn away but Jin Shin Chyuan!” This is the first impression Jin Shin Chyuan Industry Co., Ltd. has made on many Taiwanese and overseas customers in the past 4 decades and is also the best description to portray the CNC machining technique and service of Jin Shin Chyuan that fully satisfy customers demands at all times.

Swiss-type CNC Auto Lathes - No Secondary Processing is Required Jin Shin Chyuan adopts a lot of complex and reliable CNC lathes that can complete machining, milling, and boring without secondary processing (Po Ly Gim, for example). Such an advantage enables it to achieve higher part precision, more efficient processing, and quicker lead time than those of its industry peers still adopting outdated manufacturing procedures. Moreover, due to the fact that Swiss-type CNC auto lathes can complete forming through surface finishes and that all facilities are operated by professional technicians, Jin Shin Chyuan can continue to take on difficult challenges including processing products in special materials or of different angles. Its technique enables it to process various parts in 2.5-42mm diameters and a single workpiece of up to 180mm. Adhering to the principle of “making the quality right at the very start and meeting customers’ requests,” Jin Shin Chyuan has successfully extended its reach to Europe, USA, Australia, and many other developed markets and gained a consolidated presence. In addition to customers from the general metallic part industry, it has even become the designated supplier of many customers from the high-end automotive precision parts industry.

“The reason that we can be continuously trusted by global industrial customers should be attributed to the experience our team has accumulated for long and our patience and perseverance to overcome difficulties and challenges. We’ll spare no effort to satisfy customers’ demands for product quality and precision and maintain stable quality and competitive edge of our products,” said Jin Shin Chyaun.

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Our 100% Yield is Different from Yours!

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Besides leading processing technique, another reason that helped generate so much high customer loyalty to Jin Shin Chyuan should definitely be attributed to its attitude of seeking perfect quality and making no compromise. In order to satisfy a customer’s demand for quality, its founder, Mr. Huang, once had a single part machined for over 40 times, which later earned the appreciation of the customer saying “I’ve never seen a supplier, who’s working so hard!”

To other industry peers, “100%” may denote the yield rate of a factory. However, to Jin Shin Chyuan, it denotes the percentage of high-quality CNC parts dropping out of machines. Based on the principle of perfect quality control, Jin Shin Chyuan particularly values the purchase of superior quality materials, facility renovation, and personnel technical training. Its ever-improving strict manufacturing procedure has also earned itself the recognition of ISO 9001.

Others Can’t Do It, Jin Shin Chyuan Can. To be good at manufacturing CNC machined products oftentimes requires several years of experience.

Jin Shin Chyuan owns a diverse range of first-rate facilities, allowing it to process orders in bulk, and has 40+ years’ experience in CNC machining. As a result, it can always remain calm in the face of challenging demands for part machining to complete every customer’s task.

Jin Shin Chyuan said, “We’ve never set any limit on our capabilities and service range and are pleased to take on new challenges. Through our irreplaceable technique and experience, hopefully, we can help our customers create the best competing condition on the world stage.”

Contact: Jam Huang

E-mail: jam@jinsc.com.tw

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Industry Focus >> 全球五金手工具大廠財報

Financial Reports of Hand Tool & Hardware Companies Compiled by Fastener World Updated on June 11, 2021

Monetary unit in millions

Taiwan

(TWD)

Financial Year

Revenue

Operating profit

Pre-tax Profit

Net Profit

2020

2,866.192

64.002

60.142

85.187

2019

2,804.809

164.910

170.702

201.666

Change (%)

+2.1

-61.1

-64.7

-57.7

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U.S.A

6,428.761 vs.

5,908.594

(USD)

Financial Year

Net Sales

Operating Income

Pre-tax Income

Net Income

2020

1,267.945

252.363

249.564

187.000

2019

1,136.539

181.254

178,357

133.982

Change (%)

+11.5

+39.2

+39.9

+40.0

2020

3,592.5

880.5

835.2

627.0

2019

3,730.0

962.3

922.1

693.5

Change (%)

-3.6

-8.5

-9.4

-9.5

2020

11,797

1,019

947

695

2019

11,486

1,262

1,209

849

Change (%)

+2.7

-19.2

-21.6

-18.1

2020

12,574

2,882

2,704

2,109

2019

14,109

3,402

3,288

2,521

Change (%)

-10.8

-15.2

-17.7

-16.3

2020 vs. 2019 Total Assets 1,232.569 vs.

1,095.366 627.0 vs.

5,693.5 6,295 vs.

6,005 15,612 vs.

15,068

Europe

(EUR)

(USD)

066

2020 vs. 2019 Total Assets

Financial Year

Revenue

Operating Profit

Pre-tax Profit

Net Profit

2020

71,494

22,548

1,505

316

2019

77,721

24,485

3,256

1,591

Change (%)

-8.0

-7.9

-53.7

-80.1

2020

4,910.2

85.7

-19.4

-33.3

2019

2,451.9

275.3

190.9

159.1

Change (%)

+100.2

-68.8

Not Available

2020 vs. 2019 Total Assets 91,369 vs.

87,861

16,058.6 vs.

4,628.4

Industry Focus >> Monetary unit in millions

Europe

(CHF)

Net Profit

18,825

14,783

21,572

16,543

-12.7

-10.6

398.7

392.5

343.4

3,152.9

424.5

476.2

426.8

-8.9

-6.0

-17.5

-19.5

Revenue

2020

99,787

2019

103,756

Change (%)

-3.8

2020

2,872.2

2019 Change (%)

Not Available

Japan

2020 vs. 2019 Total Assets 113,366 vs.

111,722 4,086.3 vs.

3,954.4

(JPN)

Financial Year

Revenue

Operating Profit

Ordinary Profit

Net Profit

2021

5,294

1,055

1,072

729

2020

6,773

1,772

1,754

1,193

Change (%)

-21.8

- 40.4

- 38.8

-38.9

2022 Prospect

5,969

1,085

1,097

762

Change (%)

+ 12.7

+ 2.8

+ 2.3

+4.4

2021

7,320

491

506

340

2020

8,256

666

699

582

Change (%)

-11.3

-26.3

-27.6

-41.5

2022 Prospect

8,400

740

750

530

Change (%)

+14.7

+50.6

+48.0

+55.5

2021

5,307

263

300

186

2020

5,673

237

190

46

Change (%)

- 6.5

+ 10.9

+ 57.5

+ 296.1

2022 Prospect

5,480

260

220

130

Change (%)

+ 3.3

-1.4

- 26.8

- 30.1

2021

608,331

88,464

62.684

62,018

2020

492,617

64,046

48.051

47,731

Change (%)

+23.5

+38.1

+30.5

+29.9

2022 Prospect

610,000

83,000

Change (%)

+0.3

-6.2

2021

8,100

1,512

1,712

1,214

2020

9,531

2,219

2,231

1,545

Change (%)

-15.0

- 31.8

- 23.3

-21.4

2022 Prospect

8,740

1,770 1

1,780

1,210

Change (%)

+ 7.9

+ 17.0

+ 3.9

- 0.4

2021

32,462

1,613

1,676

477

2020

35,348

835

712

-3,485

Change (%)

-8.1

+93.1

+135.3

Not Available

2022 Prospect

36,500

2,200

2,150

1,450

Change (%)

+12.4

+36.4

+28.2

+203.5

Not Available

59,000

2021 vs. 2020 Total Assets

7,491 vs.

7,145

13,515 vs.

13,413

8,336 vs.

8,007

82,878 vs.

674,564

-4.9

16,936 vs.

16,017

24,702 vs.

25,576

Hardware & Fastener Components - no.52/2021

(SEK)

Operating Profit

Pre-Tax Profit

Financial Year

067

Special Feature >>

Reddot & iF Design

Award Winners for 2021 2021 Reddot設計獎與iF Design大獎得主 compiled by Fastener World

Arrowmax SES PRO Smart Motion Control Electric Screwdriver The Arrowmax SES PRO is an electric screwdriver with smart motion control. It is equipped with a powerful lithium-ion battery, a 32 bit microprocessor and a three-axis gyroscope. The unit is controlled via a single button and a seamlessly integrated OLED display, which can be used to preset the torsional force and speed in steps. Most 3D products, computers, four-axis unmanned machines, glasses, watches, toys, models, etc. can be installed and removed with the screwdriver.

Hardware & Fastener Components - no.52/2021

The Arrowmax SES PRO successfully integrates an electric drive and a digital user interface for more efficient screwdriving.

068

Manufacturer: Freemax Technology Co., Ltd., Hong Kong

SYSTEM 5000-3 CT Torque Wrench Series The third generation of the HAZET torque wrench series comprises 10 wrenches with integrated reversible ratchets in sizes 6.3 mm (1/4”), 10 mm (3/8”), 12.5 mm (1/2”), and 20 mm (3/4”) for a measuring range from 1 to 800 Nm. This new series features a large torque range combined with high precision and practical advantages in a functional, user-oriented design – Made in Germany. The triangular shape of the blue rotary assembly prevents the wrenches from rolling away from the user. The new latching mechanism on the handle guarantees a secure setting, while the laser inscription on the scale ensures permanent readability of the torque values.

Manufacturer: HAZET-Werk, Remscheid, Germany

Special Feature >> Hikoki 12V Peak Series Lightweight Power Tool The electric power tool industry’s focus on carpenters has resulted in many large, heavy, overpowered tools that are not ideal for electrical construction and facilities construction workers. Often working at jobsites with narrow spaces, these workers need power tools that are lightweight and easy to handle. The 12vPEAK battery positions the designer to offer lightweight downsized power tools capable of high performance. In short, this is a series of tools that are compact and deliver outstanding performance. These power tools allow workers to be even more efficient in delivering high-quality work.

Manufacturer: Koki Holdings Co., Ltd., Japan

SF 4-A22 / Cordless Drill Driver SF 4-A22 is a cordless drill driver, built for professional craftspeople who take pride in achieving precise results. The same ergonomics-led design unites all levels of the SF tool family, with legible adjustments to express the different engineering within each power class. The tool has been designed to bala nce the power output required for high productivity with the ergonomics needed for exact, comfortable handling. A well-balanced, contoured body sits firmly in the hand. This improves handling precision, while a stepless trigger means power can be intuitively adjusted to prevent damage to the base material from excessive torque.

GARANT 65 5010 HCT Digital Wireless Torque Wrench The new electronic GARANT HCT-wrench lets users control not only the force but also the angle of rotation when tightening a screw. The tool supports screw tightening with repeatable, precise movements and even relays visual, haptic, and acoustic feedback when the screw is secure. The wrenches can be programmed to accommodate various workflows and all recorded measurements can be filed digitally, even wirelessly with the HCT-app. The large, customizable display shows detailed real-time information about the screwing process.

Hardware & Fastener Components - no.52/2021

Manufacturer: Hilti Corporation

Manufacturer: Hoffmann SE

069

五金產業

Hardware World News

compiled by Fastener World

新聞 World Steel Association Predicts Global Steel Demand to Grow 5.8%

Industry Development Q4 Steel Prices in Taiwan May Climb Due to Insufficient and Tightened Steel Supply 鋼料供給續吃緊 台灣第4季鋼價有撐 After Taiwan’s China Steel Corp. (Taiwan CSC) adjusted the Q3 prices of its steel products up by 4.1% on average, many industry analysts forecast that its Q4 prices may continue to follow the growing trend in the international market.

Hardware & Fastener Components - no.52/2021

Such a forecast is based on the reasons like: Russia announced a 3-month long and more than 15% provisional export taxes on metals including steel, aluminum, nickel, and copper; Chinese Government imposed certain measures to restrict exports of steel products; the reduction in steel manufacturing of Indian steel plants will continue through this September; many major steel plants in China, S. Korea, and Asia have announced plans for annual repairs or a temporary halt of production. All of these factors will surely lead to a more tightened steel supply in the global market already suffering insufficient steel supply.

070

Con sider i ng t he conti nuously g rowi ng ma rket dema nd a nd i n order to reduce the possible impacts on the supply to downstream manufacturers, Taiwan CSC has announced to postpone its annual repairs schedule to April 2022 (though small-scale annual repairs will still be carried out). In addition, as the current steel prices

by Taiwan CSC remain comparatively lower than the general int’l market prices, some market analysts forecast that the steel prices of Taiwan CSC are very likely to appear another wave of price increase in the upcoming August.

世界鋼鐵協會預測全球鋼材需求增加5.8% World Steel Association (WSA) predicts that the global steel demand will increase by 5.8% to 1.874 billion tons in 2021 and go up 2.7% to 1.924 billion tons in 2022.

Vaccinations in many countries worldwide have helped slow down the pandemic. Although some economic measures imposed by certain countries have taken effect, advanced countries are still expected to spend several years to recover to the pre-pandemic level.

On China alone, its local steel demand is expected to increase by 3% to 1.024 billion tons in 2021 and go up 1% to 1.035 billion tons in 2022.

The effect of local market stimulus is waning, so the growth margin is on a downward trend. On the other hand, the steel demand in advanced countries is expected to increase by 8.2% to 371 million tons in 2021 and go up 4.2% to 386 million tons in 2022.

Certain Chinese Steel Fasteners Subject to Import Registration in the EU Since June 17 中國輸歐盟鋼鐵扣件06/17日起實施進口登記 The customs authorities of all EU member states are hereby directed, under Article 14(5) of Regulation (EU) 2016/1036, to take the appropriate steps to register imports of certain fasteners of iron or steel, other than of stainless steel, i.e. wood screws (excluding coach screws), self-tapping screws, other screws and bolts with heads (whether or not with their nuts or washers, but excluding screws and bolts for fixing railway track construction material), and washers, so that measures may be applied against those impor ts retroactively from the date of such registration, provided all conditions set out in the basic Regulation are met.

These products are cur rently falling under CN codes 7318 12 90, 7318 14 91, 7318 14 99, 7318 15 58, 7318 15 68, 7318 15 82, 7318 15 88, ex 7318 15 95 (TARIC codes 7318 15 95 19 and 7318 15 95 89), ex 7318 21 00 (TARIC codes 7318 21 00 31, 7318 21 00 39, 7318 21 00 95 and 7318 21 00 98) and ex 7318 22 00 (TARIC codes 7318 22 00 31, 7318 22 00 39, 7318 22 00 95 and 7318 22 00 98) and are originating in the People’s Republic of China.

Registration shall expire nine months following the date of entry into force of this Regulation. All interested parties are invited to make their views known in writing, to provide supporting evidence or to request to be heard within 21 days from the date of publication of this Regulation. This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

45

23

23

25

45 25

8-

00

5 45

8-

00

48

48

5 45

48

8-

00

4

8-

00

8-

48

00

8-

00

4

4

63

4

63

64

7-

00

64

7-

00

1

1

Hardware & Fastener Components no.52/2021

071

Hardware World News >> Russia Imposes 15% Provisional Export Tariffs on Certain Metals 俄羅斯對金屬原料課徵15%臨時出口稅 The Government of Russian Federation has recently imposed the export tariffs of at least 15% each on steel, nickel, aluminum, and copper since Aug. 1st, 2021 and this measure will officially come into effect through the end of this year. According to the measure, copper is subject to a tariff rate of US$1,226 per ton; nickel is subject to a tariff rate of US$2,321 per ton; aluminum is subject to a tariff rate of US$254 per ton; however, rates for steel products differ from each other, and in the “hot rolled steel” category, it is at least US$115 per ton.

Vietnam’s Steel Export to EU up 5 Folds in First 5 Months of 2021 2021年前5月越南鋼鐵輸往歐盟成長5倍 According to the data of Vietnamese Customs, Viet n a m’s st e el exp or t reached 980 thousand tons at an export value of USD 833 million this May, down 4% in volume and up 8.2% in value from this April.

The total export volume reached 4.88 million tons in the first 5 months of 2021 at a total export value of USD 3.61 billion, up 61.6% in volume and up 117% in value from the same period last year. The EU, China, Cambodia, Malaysia and Mexico are the top 5 destinations for Vietnamese steel products.

In the first 5 months of 2021, Vietnam grew 500% (at 713 thousand tons) in steel export to the EU, 200% to China (at 1.1 million tons), and 250% to Mexico (at 293 thousand tons).

Hardware & Fastener Components - no.52/2021

The significant growth in Vietnam’s steel export to the EU could be attributed to the European Union-Vietnam Free Trade Agreement (EVFTA). This also means that Vietnamese companies have acquired standardized production lines and are capable of meeting the stringent requirements and demand by the countries they export to.

072

Hardware World News >> China Launches AD Sunset Review on EU and UK Iron and Steel Fasteners 中國對歐盟和英國碳鋼扣件啟動期 終反傾銷複審調查 On April 28, 2021, Ministry of Commerce of PR China received the application from the Fastener Subdivision of China General Machine Components Industry Association (CMCA) on behalf of Chinese iron and steel fastener industry for a 5-year sunset review on the antidumping measure against certain iron and steel fasteners originating in the EU and UK. CMCA alleged that if the antidumping measure is terminated, the dumping of certain iron and steel fasteners originating in the EU and UK may continue and may continuously lead to the material injury to local Chinese industries. As a result, CMCA made a request that Ministry of Commerce should launch a sunset review investigation and maintain the antidumping measure.

USITC Makes Determinations in Five-Year (Sunset) Reviews Concerning Steel Nails from Korea, Malaysia, Oman, Taiwan, and Vietnam 美國國貿委員會裁定續課南韓、馬來西亞、阿曼、 台灣和越南鋼釘反傾銷稅5年 T he U.S. I nter national Trade Com mission ( USI TC) deter mined that revoking the existing a ntidumping a nd countervailing duty orders on imports of steel nails from S. Korea, Malaysia, Oman, Taiwan, and Vietnam would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from S. Korea, Malaysia, Oman, Taiwan, and Vietnam will remain in place. The action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act.

Products involved in this investigation are: certain iron and steel fasteners, which include wood screws, self-tapping screws, screws and bolts (whether or not with their nuts or washers, but excluding screws and bolts with their shanks less than 6mm for fixing railway track), and washers. Products involved do not include nuts and other fasteners used for the maintenance and repair of commercial aircraft. The tariff codes of products involved are 73181200, 73181400, 73181590, 73181510, 73182100, and 73182200.

All interested parties are invited to register their participation in the sunset review t h rough t he Trade Remedy a nd I nve s t i g a t i o n Bu r e a u o f M i n i s t r y o f Commerce of PR China within 20 days from the date of publication of this Notice. The investigation starts from June 29, 2021 and should come to an end before June 28, 2022.

Hardware & Fastener Components - no.52/2021

Ministry of Commerce has determined to launch the sunset review investigation against certain iron and steel fasteners originating in the EU and UK since June 29, 2021. During the investigation, the previously announced antidumping rates and products involved will remain effective (note: The current AD rates for certain iron and steel fasteners imported from the EU and UK are between 6.1 % and 26.0%. However, Koninklijke Nedschroef Holding B.V. and its affiliated companies are subject to a rate of 5.5%). The investigation period for antidumping is from 2020/01/01 through 2020/12/31, while the investigation period for material injury to the local industry is from 2016/01/01 through 2020/12/31.

073

Hardware World News >> Indonesia Seeks Collaboration with Foreign Investors to Establish Its Own EV Supply Chain 印尼積極發展電動車產業鏈 鎖定外資 Indonesia has been devoted to developing a complete EV supply chain these years. The country seeks to collaborate with American, Japanese, South Korean and Chinese investors and sets goals to make 20% of cars produced in Indonesia to be electric by 2025 and become a global EV and EV battery manufacturing hub. Indonesia Investment Coordinating Board announced LG Energy Solution will invest USD 9.8 billion to work with an EV battery group of 4 Indonesian companies (PLN, Pertamina, Aneka Tambang and MIND ID) to form a complete EV battery supply chain.

Battery production is the key to EV industrial development. Indonesia is rich in materials including cobalt, nickel, manganese and other rare metals that allow for establishing a price-competitive EV industry. Joko Widodo (President of Indonesia) has set goals for the nation to start producing EV in 2022, make the proportion of components used in any EV produced in Indonesia reach at least 35% by 2023, and make EV account for 20% of all Indonesian car production by 2025.

Companies Development Aluminum Alloy Supplier Ting Sin’s Revenue Sets a Record High in June 鋁合金大廠廷鑫6月 營收新高

Hardware & Fastener Components - no.52/2021

The aluminum alloy wire rods manufactured

by Ting Sin are the materials for EV and aerospace fasteners.

The company reported its June revenue at NTD 280 million, up 121.84% from the same month last year and up 104.35% from May. The revenue for the first 6 months this year was NTD 959 million, up 36.55% from the same period last year. Ting Sin said that end users’ demand grew significantly as the COVID-stricken U.S. and Europe were opening up. The company now has a full orderbook for aluminum alloy products and is looking to mass-produce highvalue-add aluminum alloy wire rods in the second half of 2021.

074

Ta Chen’s 2021 Revenue Likely to Peak Amid U.S. Market Recovery 美市復甦 大成鋼2021年營收望攀峰 The USD 6 trillion budget proposed by U.S. President Biden is expected to drive the infrastructure demand in the U.S. Ta Chen International (TCI) has been the beneficiary of the revival in American industrial steel demand since the beginning of this year, while looking to continue raising its product prices. TCI’s revenue for Q2 2021 is expected to climb high again, and its full-year revenue stands a chance to reach a new high at NTD 85 billion with high profitability. TCI’s EPS for the whole year is expected to land at NTD 3 to NTD 4, which signifies an obvious recovery from the deficit last year and an EPS record that is only second to NTD 5.83 back in 2018.

Sheh Fung Screws Looks to Raise Prices Again Due to Heightened Material Prices 原物料漲不停 世豐螺絲醞釀第二波漲價 Sheh Fung said its primary clients’ need for inventory replenishment and order placement remains strong because of the vibrant demand from U.S. home improvement and construction markets. Although some order shipments were postponed due to the “jam-packed” situation in major U.S. ports, Sheh Fung was still able to optimize its delivery schedules at its 3 plants in Taiwan to speed up delivery, thereby boosting its sales in the U.S. by 108.64% this May compared to the same period last year.

According to Sheh Fung, as the pandemic continues to affect capacities of the global fastener industry and as insufficient containers and delayed shipments affect lead times, fastener demand and supply remain unbalanced in the current U.S. home improvement and construction markets. The U.S. and Europe gradually loosening their lockdown measures will help grow the construction market demand further. Primary clients of Sheh Fung have had less inventory than before and continue to place more orders.

Sheh Fung said that the first wave of price increase as a result of the higher wire rod prices quoted by the upstream suppliers has begun to pay off, and that the company is in talks with clients to raise the price again.

Hardware World News >>

Midwest Fastener Expanding Its Headquarters in Portage 美國Midwest Fastener擴大密西根Portage總部 Founded in 1966 and headquartered in Portage, Midwest Fastener Corp. is a leading manufacturer and distributor of nuts, bolts, anchors, deck and drywall screws and specialty fasteners. The company recently purchased Hy-Ko Products in Northfield, Ohio resulting in the need for Midwest Fastener to expand its office space and distribution operation.

To secure the company’s US$10.8 million investment in its headquarters and distribution center expansion in Portage and Decatur and creation of up to 90 jobs, the company has been awarded a US$50 0,0 0 0 Michigan Business Development Program performance-based grant.

Goebel Fasteners, Inc. Announces Austin Hardware & Supply, Inc. as Official Authorized Distributor Goebel Fasteners, Inc.宣布Austin Hardware & Supply, Inc.為官方授權經 銷商 Goebel Fasteners, Inc. announces a new and exciting partnership with Austin Hardware & Supply, Inc. as an official authorized distributor for all products & tooling.

Hardware & Fastener Components - no.52/2021

The two companies entered into an agreement that sees Austin Hardware & Supply, Inc. become an authorized distributor for Goebel Fasteners, Inc. product lines which consist of metric & American standard: Blind Rivets, Threaded Inserts, new G-Grip™ Stainless Lockbolt System, Self-Tapping/Drilling Screws, Sealing Washers, Drill Bits, Nut Drivers, Over-Center Toggle Latches, Hand & Power Tools, PPE Equipment, and many more innovative specialty products.

076

BUMAX Selected by Global Construction Leader Skanska to Supply Fasteners for the Prestigious Slussen Project 瑞典BUMAX取得斯德哥爾摩斯魯森基建計畫扣件供應合約 Leading Swedish manufacturer of premium stainless steel fasteners BUMAX has been chosen to supply high strength and corrosion resistant fasteners to global construction giant Skanska for the high-profile Slussen infrastructure project in Stockholm, Sweden. Skanska has ordered approximately 15,000 premium BUMAX fasteners for the Slussen infrastructure project in central Stockholm to be used on the new water lock’s sluice hatches.

The Slussen area in central Stockholm is being redeveloped with new stainless steel sluice and flood gates – to help the region cope with the anticipated sea level rise in the coming century. It is a massive and essential nine-year SEK 15.8bn (USD 1.6bn; EUR 1.3bn) project in the heart of Stockholm, one of the biggest infrastructure projects in Sweden in recent decades. It includes road and rail infrastructure as well as rebuilding the lock and sluice system and is expected to be complete in 2025.

Around 90 different types of BUMAX fasteners were ordered for the Slussen project. The largest of these fasteners were BUMAX SDX threaded rods M48x1225 and M36x1125, in class 80. Due to the size and strength of these largest rods, BUMAX collaborated with RISE (the Research Institute of Sweden) to utilize specialist testing equipment, in order to test the mechanical strength of the fasteners. These tests showed that the rods could reach loads of 886kN (over 90 tons) prior to yield and 1,221kN (over 124 tons) on fracture.

Hardware & Fastener Components no.52/2021

077

Hardware World News >> Howmet Aerospace Uses Brand New Material for KEENSERTS® Solid Inserts

Mergers & Acquisitions

英國Howmet Aerospace使用全新材料生產KEENSERTS實心嵌件 The material A286 is an austenitic iron-nickel-chromium alloy. It has a large temperature range from – 196°C up to 700°C and offers excellent strength and superiority to low-alloy steels or common stainless steels. Up to this temperature, A286 displays exceptional corrosion properties.

Typical applications A286 is suitable for: • Parts for gas turbines in aviation and power plant construction • Thermal process engineering • Automotive industry • Aerospace fasteners • Non-magnetic cryogenic equipment

Birmingham Fastener Has Acquired Steel City Bolt and Screw 美國Birmingham Fastener 併購Steel City Bolt and Screw

Birmingham Fastener is delighted to announce their recent acquisition of Steel City Bolt and Screw. They look forward to serving and partnering with all current customers of Steel City Bolt and Screw. Operations of Steel City Bolt and Screw will be consolidated into the production facility at their corporate headquarters in Birmingham, Alabama. In doing this, the level of service they can offer their valued customers will be increased.

Customer service remains paramount at Birmingham Fastener; in-turn, all Steel City Bolt and Screw customers w i l l b e c o m e va lu e d p a r t n e r s of Birmingham Fastener and be serviced as a top priority.

Novaria Group Announces Acquisition of The Young Engineers, Inc.

Hardware & Fastener Components - no.52/2021

Novaria Group宣布併購The Young Engineers, Inc.

078

Novaria is pleased to announce the acquisition of The Young Engineers, Inc. (TYE). TYE is an expert in the design and manufacturing of aircraft and aerospace hardware, with a primary focus on fasteners and inserts. The terms of the deal were not disclosed.

This acquisition continues Novaria’s expansion into aerospace fasteners. “We have made several acquisitions since April 2020, all of which are unique contributors to our evolving business model,” sa id Nova r ia CEO Br ya n Perk i ns. “T he acquisition of TY E is an integral part of our strategy to expand our portfolio of proprietary and qualified products we offer customers.”

TYE operations will continue at its Southern California facility with its tenured, skilled employees, including former owner and president Pat Wells.

Industry Focus >>

by Dr. Arthur Hsu

台美貿易協定對扣件緊固工具產品之影響剖析

The Effect of U.S.-Taiwan Bilateral Trade Agreement on Fastening Tools

Hardware & Fastener Components - no.52/2021

Introduction

080

The U.S. has long been an important export destination for Taiwan. The bilateral trade value between the two countries exceeds NTD 2.43 trillion. In the late phase of the U.S.-China trade war and when Taiwan and the U.S. came closer in their economic relationship, the TIFA (Trade and Investment Framework Agreement) Meeting which was held back abruptly in 2016 was resumed on June 30, 2021. The meeting focused on deepening the bilateral relationship and assisting Taiwan in post-COVID recovery.

In the meeting, Taiwan expressed the intention to sign the BTA (Bilateral Trade Agreement). Both countries will continue to increase interaction to solve trade issues. There is a difference between BTA and FTA (Free Trade Agreement). The purpose of FTA is to achieve an integrated economy, remove trade barriers (such as tariff and trade quota), allow cargoes and services to go freely between two countries, and require 90% mutual tariff reduction. The purpose of BTA is to open up domestic market for both countries, withdraw most of the tariffs or non-tariff barriers, mutually provide preferential trade protocols, and the national power and bargaining chips will determine which side (the U.S. or Taiwan)

will benefit. One of the decisions made in the TIFA meeting was that both countries will work together to push for necessary circulation of resources and speed up custom clearance. Taiwan exports over 90% of fastening tools to the U.S, making itself a highly export-oriented country to the U.S. in terms of this product category. Therefore, if the BTA is signed between the U.S. and Taiwan, it will have a great influence on Taiwanese companies.

With the possibility of the U.S. and Taiwan signing the trade agreement, the critical task for Taiwan is to gain better preferential tax or favorable conditions from negotiations for Taiwanese hand tool industry. This article defines fastening tools as hand-held tools for tightening or loosening fasteners including screws, nuts, nails, and bolts. It will focus on and analyze the export and import trend between the U.S. and Taiwan in recent years. It will analyze the influence on the industry before and after the signing of the agreement, and propose a corresponding strategy as a reference for Taiwanese fastener and hand tool companies.

Bilateral Trade Trend of Fastening Tools Between the U.S. and Taiwan in Recent Years Table 1 shows the import and export of fastening tools between Taiwan and the U.S. as well as between Taiwan and the whole world. In import, Taiwan imported NTD 2.41 billion worth of fastening tools from the world in 2020, with a 4.21% CAGR for the last 7 years. The country imported NTD 60 million worth of fastening tools from the U.S., with a 2.29% CAGR for the last 7 years. The fastening tools imported from the U.S. took up 2.7% to 3.0% in proportion with little fluctuations and the proportion was down 1.84%.

Industry Focus >> This is a favorable factor for future trade talks between Taiwan and the U.S., meaning that Taiwan is less dependent on the U.S. regarding this type of product. The result of the negotiation between Taiwan and the U.S. has limited impact on Taiwan’s domestic industries. Taiwan can seek to gain full tax exemption on fastening tools exported to the U.S., based on the principle of fair trade.

In export, Taiwan exported NTD 28.72 billion worth of fastening tools to the world in 2020, with a 0.85% CAGR for the

last 7 years. Taiwan exported NTD 12.45 billion worth of fastening tools to the U.S. in 2020, with a 8.23% CAGR for the last 7 years, much higher than the CAGR of export to the world. Additionally, the proportion of fastening tools exported to the U.S. grew from 28.4% in 2014 to 43.3% in 2020. The proportion of the U.S. market inches closer to 50%, and for the past 7 years this market has had a CAGR of 7.33%. It shows evidently increasing importance of the U.S. market to Taiwanese fastening tool companies, meaning that fastening tools will be critical products for Taiwan to seek tax exemption from the U.S. in future bilateral trade negotiations.

Table 1. Fastening Tool Import & Export Trend of Taiwan Year

2014

2015

2016

2017

2018

Unit: NTD 100 Million; %

2019

2020

CAGR

Import from the U.S.

0.6

0.5

0.5

0.5

0.5

0.6

0.6

2.29%

Import from the World

18.9

18.1

19.5

19.2

20.3

22.5

24.1

4.21%

Proportion of the U.S. in Taiwan’s Import

3.0%

2.7%

2.5%

2.8%

2.7%

2.5%

2.7%

-1.84%

Export to the U.S.

77.4

90.6

95.2

95.8

107.6

124.6

124.5

8.23%

Export to the World

273.0

280.1

275.9

291.6

308.8

317.7

287.2

0.85%

Proportion of the U.S. in Taiwan’s Export

28.4%

32.3%

34.5%

32.9%

34.8%

39.2%

43.3%

7.33%

Source: Taiwan custom trade data

Import of U.S. Fastening Tools to Taiwan in 2020 and Possible Influence

Hardware & Fastener Components - no.52/2021

Based on the data from the U.S. and Taiwan Customs and WTO, Table 2 lists the trend of U.S. fastening tools import to Taiwan and the possible influence. Taiwan imposes 5% to 10% taxes on this product category and there is no tax-free item under this category.

The top 3 fastening tools imported from the U.S. into Taiwan in 2020 were unadjustable hand-operated wrenches and spanners (NTD 16 million, taking up 24.0%), pliers, clamps and the like (NTD 12 million, 18.3%), and adjustable hand-operated wrenches and

081

Industry Focus >> spanners (NTD 10 million, 15.7%). Overall, the import values were not large. If Taiwan and the U.S sign the trade agreement, Taiwan will lower the taxes on fastening tools imported from the U.S. and the decrease in tax income will be around NTD 5.89 million per year which is within the acceptable range.

Table 2. Import of U.S. Fastening Tools to Taiwan in 2020 and Possible Influence HS Code

Items

Unit: NTD 100 Million; %

Taiwan Import Import Estimated Tax Income Tax Value Proportion to Taiwan (NTD 10,000)

8203200000 Pliers, pincers, tweezers and similar tools

6.0%

0.04

6.5%

25.4

8203400010 Bolt croppers and similar tools

10.0%

0.00

0.0%

0.3

8204110000

Unadjustable hand-operated wrenches and spanners 10.0%

0.16

24.0%

155.5

8204120000

Adjustable hand-operated wrenches and spanners

10.0%

0.10

15.7%

101.8

wrenches and sockets with or 8204200000 Interchangeable without handles

10.0%

0.08

12.6%

81.3

8205100010

10.0%

0.00

0.2%

1.5

8205100020 Other drilling, thread-cutting and thread-tapping tools 10.0%

0.02

3.1%

20.0

8205200000 Hammers and sledge hammers

6.0%

0.00

0.2%

1.0

8205400000 Screwdrivers

10.0%

0.04

6.6%

42.7

8205592000 Hole punchers, staplers and the like

10.0%

0.00

0.0%

0.1

8205700000 Pliers, clamps and the like

10.0%

0.12

18.3%

118.7

8467112000

Portable pneumatic drivers

5.0%

0.00

0.7%

2.3

8467113000

Portable pneumatic wrenches

5.0%

0.07

10.6%

34.3

5.0%

0.01

1.3%

4.3

0.65

100.0%

589.1

Drilling, thread-cutting and thread-tapping tools

8467293000 Electric socket wrenches Total

Hardware & Fastener Components - no.52/2021

Source: Taiwan custom trade data

082

Industry Focus >> Export of Taiwanese Fastening Tools to the U.S. in 2020 and Possible Influence Table 3 lists the trend of Taiwan’s fastening tools export to the U.S. and the possible influence. The U.S. imposes a relatively larger range of taxes between 0% to 10% on this product category, and there are three tax-free items under this category, including hole punchers, staplers and the like, portable pneumatic wrenches, electric socket wrenches. The other 12 items should be proposed as exempted items in future negotiations between Taiwan and the U.S. The top 3 fastening tools exported from Taiwan to the U.S. in 2020 were interchangeable socket wrenches with or without handles

(NTD 4.66 billion, taking up 37.5%), unadjustable handoperated wrenches and spanners (NTD 1.76 billion, 14.2%), and screwdrivers (NTD 1.31 billion, 10.6%). These three items take up a large proportion of Taiwan’s export value to the U.S. and market share there, but currently are not entitled to tax reduction. If Taiwan and the U.S sign the trade agreement in which the U.S agrees to lower the taxes on Taiwan’s fastening tools, Taiwanese companies will have around NTD 833 million less to spend on taxes every year.

In the give and take as Taiwan seeks tax reduction from the U.S., Taiwan should keep an eye that the proposed content of tax reduction should be better than the content of FTA signed between the U.S. and the countries that are rivals to Taiwan.

Table 3. The Trend of Taiwan’s Fastening Tools Export to the U.S. and the Possible Influence

Hardware & Fastener Components - no.52/2021

Unit: NTD 100 Million; %

084

Export Value

Estimated Tax Income to the U.S. (Tax Reduction for Taiwan)

Items

8203200000

Pliers, pincers, tweezers and similar tools

3.0%

10.24

8.2%

0.31

8203400010

Bolt croppers and similar tools

4.5%

0.10

0.1%

0.00

8204110000

Unadjustable hand-operated wrenches and spanners

9.0%

17.67

14.2%

1.59

8204120000

Adjustable hand-operated wrenches and spanners

9.0%

10.80

8.7%

0.97

8204200000

Interchangeable wrenches and sockets with or without handles

9.0%

46.69

37.5%

4.20

8205100010

Drilling, thread-cutting and threadtapping tools

6.2%

0.03

0.0%

0.00

8205100020

Other drilling, thread-cutting and thread-tapping tools

6.2%

0.75

0.6%

0.05

8205200000

Hammers and sledge hammers

3.0%

4.98

4.0%

0.15

8205400000

Screwdrivers

6.2%

13.16

10.6%

0.82

8205592000

Hole punchers, staplers and the like

0.0%

1.29

1.0%

0.00

8205700000

Pliers, clamps and the like

5.0%

4.61

3.7%

0.23

8467112000

Portable pneumatic drivers

4.5%

0.19

0.2%

0.01

8467113000

Portable pneumatic wrenches

0.0%

6.30

5.1%

0.00

8467293000

Electric socket wrenches

0.0%

7.69

6.2%

0.00

124.49

100.0%

8.33

Total

U.S. Tax

Export Proportion

HS Code

Source: Taiwan Customs trade data

Analyzing the Give and Take Before the Signing of U.S.-Taiwan BTA A. Taiwan’s Request for the U.S. to Lower Taxes on Fastening Tools: 1. Trade aspect: Seeking tax reduction from the U.S. on Taiwan’s fastening tools. One of the items with more competitiveness is interchangeable wrenches and sockets with or without handles with or without handles, which I recommend should be included in the initial request list. Doing this should help Taiwan’s quality tools enter the U.S. market and help U.S. manufacturers, sellers and consumers get access to products with lower costs. If both parties lower the taxes to zero, it should drive the bilateral trade of fastening tools between Taiwan and the U.S. and expand the market share of the hand tool industry for both countries, and work together to respond to China’s increasing global market share in fastening tools.

Hardware & Fastener Components no.52/2021

085

Industry Focus >> 2. Industry aspect: Facilitating bilateral collaboration of the fastening industry between Taiwan and the U.S. If the U.S. agrees to lower the taxes on fastening tools exported from Taiwan, it can: (1) strengthen collaboration between Taiwan’s and U.S. fastening tool industries; (2) effectively slow down the global market share of China’s fastening tools; (3) strengthen competitiveness of U.S. hand tool manufacturers (Stanley Black & Decker, etc.) and distributors (KOHLER, Wal-mart, Home Depot, Lowe’s, Menards, Tractor Supply, etc.); (4) integrate Taiwan’s and U.S.’ fastening tool supply chains and increase global market share.

B. The Government’s and Companies’ Corresponding Strategies to the U.S.-Taiwan Trade Agreement 1. The U.S. is the largest export market for Taiwan’s fastening tool industry, accounting for 43.3%, which further increased after the U.S.-China trade war, much higher than the market share of China as the second largest export market for Taiwan, as well as the market share of Germany as the third largest export market for Taiwan. If Taiwan and the U.S. can sign the BTA in the end, it will be a positive encouragement for Taiwanese fastening tool companies.

2. Currently, the U.S. still imposes taxes on socket wrenches exported in great volumes (at a total value of NTD 4.66 billion) from Taiwan, which is an important issue to be negotiated in the future with the U.S. Allowing U.S. fastening tools entering Taiwan to be exempted from taxes won’t create too many impacts because Taiwan’s fastening tool is a thin one. Imposing no tax on imported U.S. hand tools could offer consumers different price options and the impact from this is very limited.

Hardware & Fastener Components - no.52/2021

3. No matter how it goes after the U.S.-China trade war and the U.S.-Taiwan BTA, Taiwan still has to transform the downstream steel industries (fasteners, hand tools, etc.) to develop high-value metal products and increase industrial competitiveness, in order to make sure that Taiwan’s fasteners and fastening tool industries can turn crises into opportunities in the trade war and continue to increase global market share.

086

Conclusions and Suggestions 2020 was no doubt a turbulence to Taiwan and the fastener and hand tool industries. From the trade war to COVID, the resumption of TIFA meeting and the probable signing of BTA, the impact on the industry is quite large. Amid the COVID pandemic and the preparation stage for U.S.-Taiwan BTA, it is suggested that, in addition to providing economic relief measures, Taiwanese companies should adjust their corporate structures and employ business strategies ahead of time, so that there will be enough capacity to cope with when the COVID pandemic slows down and the orders pour in. “Resilient supply chain” is an important task for Taiwanese companies in the post-pandemic era. The supply chain that used to center on “efficiency” will change to center on “resilience”. It will inevitably restructure, regionalize, localize and decentralize.

In the U.S.-China trade war, the ultimate factor that determines which country will gain the most orders transferred is the day-to-day strengthening of competitiveness of each hand tool manufacturing country and company. Taiwan is not the definite beneficiary to get transferred orders, so my suggestion for Taiwanese companies is that derailing from the usual profit loss and gain is not the only basis for determining success. Laying the foundation for the industry and improving technology is the key to success.

Taiwanese fastener and hand tool companies can also restructure the supply chain to strengthen the international and regional role of Taiwan’s products, which will go from CP (Cost Performance) to TP (Trust Performance; Taiwan Performance) oriented. In this way, the world will recognize Taiwan’s fastening tools as high quality and trust-worthy products. Taiwanese government should strive to sign FTA with countries in addition to the U.S. The U.S. accounts for around 40% of Taiwan’s hand tool export, so the U.S.-Taiwan BTA is all the more important for the development of Taiwan’s fastening tools. I suggest Taiwanese companies should keep an eye out and report the industry’s status quo to the government if necessary, so the government can judge from it when negotiating with the U.S. and seek the largest mutual interest for bilateral trade.

Hardware & Fastener Components no.52/2021

087

Exhibition >> 復甦需求急又猛 金屬雙展

Urgent Need for Economic Recovery-

Trillion-dollar Businesses to Come in October with iMT Taiwan & THS

With the need for recovery in international businesses and the metal industry thriving again, trillion-dollar business opportunities are foreseeable. International Metal Technology Taiwan (iMT Taiwan), the only international trade fair for the metal technology industry in Taiwan, will once again join hands with Taiwan Hardware Show (THS) as a grand fair at Taichung International Exhibition Center from October 13th to 15th. Held right before the prestigious China Import and Export Fair (Canton Fair), the event is sure to attract buyers from around the world who seek businesses in the post-pandemic era.

One and the Only in Taiwan: a Signature for Metal Technology in Asia

月搶攻兆元商機

Hosted by Kaigo Co. and co-organized by Taiwan Metal Industry Association, Taiwan Casting Industry Association, Changhua County Industrial Association, and Changhua Importers and Exporters Chamber of Commerce, iMT Taiwan 2021 is the only international exhibition for the metal technology industry in Taiwan. The grand event presents Taiwan’s leading technology in metal material including metal processing and molding, precision machinery processing, casting, forging, welding and cutting, metallurgy, heat treatment, surface treatment and many more. The number of visitors has been growing over the years, making iMT Taiwan a leading metal tech exhibition in Asia.

Exports Drive Domestic Demands and Brings in Customers from All Walks

During the pandemic, Taiwan has been the most reliable partner in the global supply chain. The domestic market growth is driven by the great number of export orders from various industries, and the domestic industry seeks local companies for cooperation to ensure stable production. iMT Taiwan 2020 showed the explosive demand from Taiwan’s electronics and semiconductor industries, with buyers from the electronics industry visiting the fair to find suppliers of metal materials, processing technologies, and precision instruments. With the demand for metal products still being very strong, iMT Taiwan is the best place to contact domestic producers from various industries and expand the source of diversified orders.

Taiwan’s Excellent Performance in Disease Control, Enables the Joint Event to Pave Its Way to Global Markets.

Industry Leaders and Experts Gathering at Premium Tech Forum

Business opportunities have been growing even faster in the post-pandemic era, and competitors from around the world are sure to return to the game one day. During this time, Taiwanese companies made use of the outstanding performance in disease control and seize the moment in advance. In 2020, iMT Taiwan, together with THS, attracted over 400 exhibitors locally and abroad. With returning Taiwanese entrepreneurs, global buyer partners in Taiwan, domestic businesses, and traders, the number of visitors exceeded 23,000. In terms of scale and successful transactions, iMT is one of the best trade fairs in Taiwan in 2020.

Innovative technology brings opportunities and challenges to the industry seeking transformation and upgrades. To facilitate the industry in technological developments and sensing future opportunities, iMT 2021 launches the new Taiwan Metal Processing Premium Tech Forum to invite experts from the industry and the academia to share their knowledge on advanced metal material development, metal casting and forging manufacturing, precision processing equipment and advanced intelligent manufacturing, and more. The goal is to promote Taiwan’s leading metal material technology and process skills to the world, and to reassert Taiwan’s competitiveness on the world stage in metal material production, processing and manufacturing, and its critical role in the metal industry chain.

Hardware & Fastener Components - no.52/2021

Working Physically and Virtually for More Cooperation

088

During iMT 2020, THS and iMT Taiwan teamed up with Taiwan External Trade Development Council (TAITRA) to organize online matchmaking for buyers who were not able to visit Taiwan. During the three-day event, 120 meetings were held, with 55 overseas exhibitors from 37 countries striking their deals. This year, online matchmaking sessions will continue to be held, screening potential buyers from previous overseas visitors to be invited to the first round of matchmaking, with an aim to secure overseas orders for exhibitors.

Subsidies from co-organizers in recognition of the event The benefits of iMT Taiwan and THS have been recognized by the industry, and Kaigo Co. has sought subsidies from the Bureau of Foreign Trade to grant exhibitors access to more overseas businesses. The co-organizers and associations have increased the amount of monetary incentive for their members to attend the fair. This year, exhibitors will have the opportunity to receive a subsidy of NT$20,000 on a first-come, first-served basis. iMT 2020 has been recognized for its excellent results and more than half of the exhibitors have already made reservations for this year’s show. For more information, please contact Kaigo Co. at iMT@kaigo.com.tw.

Hardware & Fastener Components no.52/2021

089

Hardware & Fastener Components no.52/2021

091

BUYERS' GUIDE

2021

BUYERS' GUIDE

Sockets, Accessories, Ratchets, Impact Socket Sets, Wrenches, Screwdrivers, Pliers, Insulated Pliers & Screwdrivers, Tool Cabinets...

A-KRAFT TOOLS MANUFACTURING 886-4-23327908

供應商名錄

886-4-23327918

akraft@ms24.hinet.net www.akraft.com.tw

p58

ISO-9001

Sockets / Ratchet Handles / Precision Tool Sets / Anti-slip Impact Sockets / Wrenches / Spanners In General / Screwdrivers / Storage Stands Precision, CNC-Machined Metallic Parts

A-CORN ENTERPRISES CO., LTD. 886-2-27601559

886-2-27600593

sales@a-corn999.com www.a-corn999.com

Hardware & Fastener Components - no.52/2021

ISO-9001, ISO/TS-16949

092

Casting Machine Bases / Precision Metal Parts / CNC Machining Parts / Forged and Stamped Parts / Electronic Parts / Sintered Powder Metal Parts / Stamped Parts

p16 Hardware/Riggings, Fasteners, Tools, Stamping Parts, Turning/Machining Parts, Hooks & Wire Parts

ALISHAN INTERNATIONAL GROUP 886-7-6216851~2 886-7-6223595 shunden@seed.net.tw www.shun-den.com.tw ISO-9001 U Bolts / Aluminum Carabiners / Automotive & Motorcycle Special Screws / Bolts / Eye Screws / Wing Nuts / Special Nuts / Special Rivets / Hex Keys / Bits / Screwdrivers / Safety Hooks / Turning Parts

Various Rivets

AMPLE LONG INDUSTRY CO., LTD. 886-4-7383333

886-4-7388223

amplelon@ms22.hinet.net www.amplelong.com.tw ISO-9001 Hollow Rivets / Shoulder Rivets / Drive Rivets / Semi-tubular Rivets / Button Rivets / Male / Female Screws / Rivets

p25

BUYERS' GUIDE All Kinds of Screws

BESTWELL INTERNATIONAL CORP. 886-2-25858151

886-2-25853785

bestwell@ms5.hinet.net www.bestwell.com.tw ISO-9001 Eye Bolts / Flanged Head Bolts / Hanger Bolts / Hexagon Head Bolts / Shoulder Bolts / Stud Bolts / Track Bolts / U Bolts / Wheel Bolts / Customized Special Screws / Bolts / SEMS Screws

Arsen-Polishing Compounds, Arsen-Air Tools, Abrasives Surface Conditioning, Non-Woven Abrasive Fibre, Unitized Abrasives

CARYU TOOLS CO., LTD. 886-4-23300862

ARSEN CO., LTD. 886-966 707 811

Professional Heavy-Duty Hand Riveter

886-4-23392203

luciuschen@arsentw.com www.arsentw.com

886-4-23301182

jandanny@hotmail.com www.caryu.com.tw Hand Riveters

Air Belt Sander / Angle Grinder / Z-web Non-woven Airfile Belt / Abrasive Mounted Shank flap Wheel / Roll Series / Quick Change Series / Flap Disc Series

Self Drilling Screws and Self Tapping Screws 886-7-6233685 886-7-6233652 jcsales@celebritefasteners.com www.tek-screws.com CE, ISO-9001 Self-Tapping Screws / Self-drilling Screws / Roofing Screws / Carbon Steel Screws / High Strength Stainless Steel Screws / SEMS Screws / Wing Screws / Construction Fasteners / Taptite Screws / Concrete Screws / Drywall Screws / All Kinds of Nuts Clinching Machine, Pneumatic Riveting Machine

Precision Machined Parts

ATOLI MACHINERY CO., LTD.

CHANG LI TAI CO., LTD.

886-4-22870860

886-4-22860876

atoli@atoli.com www.atoli.com ISO-9001, CE Pneumatic, Hydraulic Riveter / Clinching Machine, Pneumatic Riveting Machine / Hydraulic Riveting Machine / Spin Riveting Machine / Radial Riveting Machine / Riveting Machine / Special Riveting Machine...

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Hardware & Fastener Components - no.52/2021

CELEBRITE FASTENERS CO., LTD.

093

BUYERS' GUIDE Non-Standard Cold Headed Parts, Precision Cast Parts

CHANGZHOU RUIBO HARDWARE TECHNOLOGY CO., LTD. 86-519-86305569

86-519-86305575

sales@ruibotechnology.com www.ruibotechnology.com ISO-9001, IATF16949

p59

High Strength Bolts / Optical Components / NonStandard Mechanical Parts / Automotive Parts / Hydraulic Components Clamp

Stamping Parts, Machining Parts, Welding Parts

CHENG HENG INDUSTRIAL CO., LTD.

CHITE ENTERPRISES CO., LTD.

886-4-26392967

886-4-26392963

hose.clamp@msa.hinet.net www.hoseclamp.com.tw ISO-9001

p81

Automotive Parts / Auto Strapping Machines / Hose Clamp Screws / Steel Strap Tensioners / Steel Coils / Steel Buckles / Steel Straps / Building Parts / Plastic Screws / Fastener Kits / High Pressure Hoses / Machine Parts

886-6-2892423 886-6-2892290 bill@chite.com.tw www.chite.com.tw ISO-9001, ISO/IEC-17025, TAF, TÜV Hexagon Nuts / Chipboard Screws/Dr ywall Screws / Self-drilling Screws / All Kinds of Screws / Customized Special Screws and Bolts / Farmer Screws / Multi-stroke Special Screws / Bolts / Roofing Screws / Custom Bolts / Welded Nuts / Stamped Parts p124

Huck Rivet Gun

Hardware & Fastener Components - no.52/2021

CHIAO CHANG PNEUMATIC TOOL CORP.

094

886-2-86926800 886-2-86926804 info@ccp-tw.com.tw www.ccptool.com p18 CE, ISO-9001, TÜV Blind Nuts / Rivet Nuts / Rivets / Air Tools in General / Air Shears / Pneumatic Hand Tools In General / Hand Tools In General / Hand Rivet Tools, Hand Rivet Nuts / Rivet Bolt Tools / Air Hydraulic Rivets / Rivet Nut Tools / Cutting Tools / Cordless Power Tools / Powered Tools / Auto Repair Tools Machined Parts

All Kinds of Nuts

CHINMORE INDUSTRY CO., LTD.

CLC INDUSTRIAL CO., LTD.

886-2-26895188

886-2-86842881

service@chinmore.com.tw

886-6-2700392

886-6-2701296

clcnuts@clcnuts.com.tw www.clc-nuts.com.tw

www.chinmore.com

ISO-9001

ISO-14001, ISO-9001 CNC Machining Parts / Antennas/Precision Metal Parts

p1

Hexagon Nuts / Special Nuts / All Kinds of Nuts / Copper Nuts / Kep Nuts / American Standard Nuts / Flange Nuts / Prevailing Torque Nuts / Square Nuts / Small Nuts /Tee Nuts / Nylon Insert Nuts

BUYERS' GUIDE Various Kinds of Fasteners and Hardware Parts

DE FASTENERS INC. 886-6-3128238 886-6-312 6486 info@defast.com.tw www.defast.com.tw ISO-9001 All Kinds of Screws / Bi-metal Self-drilling Screws / ZDC Cap Screws / Carbon Steel Screws / Farmer Screws / Stainless Steel Nails / Steel Nails / Threaded Nails / Stainless Steel Nuts / Stainless Steel Self Drilling Screws / Stainless Steel Self Tapping Screws / All Kinds of Nuts RF Related Line-Card, such as RF Coaxial Connector, Microwave Connector, and Cable Assembly

COAX-RF ENTERPRISE CO., LTD. 886-7-3733588

886-7-373 9873

sales2@coax-rf.com

Automotive And Caster Components

DOMAS HARDWARE CO., LTD. 886-6-3561247

886-6-3550256

michael@do-mas.com www.do-mas.com ISO-9001

www.coax-rf.com

Stamped Parts / Precision Plastic Parts / Die Casting / CNC Machining Parts / Tubes

ISO-9001 Stamped Parts / Metal Injection / Turning Parts / CNC Machining Parts

Hose Clamps, Stainless Steel Hose Clamps, Clips, High Torque Clamps, Worm Driver Clamps, Mini Hose Clamps, Construction Fasteners, Building Parts, Pipe Clamps, Auto Clamps, Screwdrivers...

886-4-23399907 886-4-23398677 hoseclamp@evereon.com.tw www.ydshoseclamps.com ISO-9001, TAF, TÜV Hose Clamps / Stainless Steel Hose Clamps & Cable Ties / Hose Clamp Screws / Construction Fasteners / Building Parts CNC Lathes, Cam Lathes, Precision Parts for Motor Vehicles, Slotted Knob Set Screws

DA HONG PRECISION CO., LTD. 886-6-7952161

886-6-795 8455

da.hong1688@yahoo.com.tw machinery-parts-manufacturer-541. business.site Automotive Par ts / CNC Machining Par ts / Precision Metal Parts / Electronic Parts / Special Screws, Slotted Knob Set Screws, Copper / Iron / Aluminum / Stainless Steel Parts Processing

Magnetic Tool Mat

EVER-SHINY PRODUCTS CORP. (ESPCO) 886-4-22581166

886-4-22582096

magnet@espco.com.tw www.magnetic-tray.com Hand Tools / Pneumatic Hand Tools In General / Air Tools in General / Auto Repair Accessories / Automotive Parts / Magnetic Tools / Storage Racks / Storage Stands / Holders / Hooks / Rings / Hardwares / Auto Repair Tools / Speciality Tooling

p20

Hardware & Fastener Components - no.52/2021

EVEREON INDUSTRIES, INC.

095

BUYERS' GUIDE Mechanical, Electronic & Hydraulic Parts, Automobile Screws, Assembled Parts, Pins

GREAT BEAR ENTERPRISE CORPORATION 886-2-25554478

886-2-25587891

gbec@ms12.hinet.net www.fastener-world.com/en/supplier/greatbear ISO-9001 Mechanical Seals and Parts / Electronic Parts / Hydraulic Components / Automotive Parts / Assembly Captive Screws / Locating Pins

p30 Bolts & Nuts

Glue Gun

HOMEEASE INDUSTRIAL CO., LTD.

H.K.C. RICH ENTERPRISE 886-7-2261988

886-7-2265789

richard@hkc-rich.com www.hkc-rich.com ISO-14001, ISO-9001, TAF, TÜV Stamping Parts / CNC Parts / Plastic Injection / REACH or RoHS Available / Metallic Injection / Assembling Parts / Open Die Parts / Automotive Screws / Lathe & Milling Machined Parts / PPAP Level III & IMDS Available

886-5-2688966 886-5-2686876 homeease@homeease.com.tw www.homeease.com.tw p5 CE, ISO-9001, TÜV Caulking Guns / Glue Guns / Powered Tools in General / Electronic Repair Kits / Pneumatic Hand Tools In General / Woodworking Tools in General / Products For Decoration / Tools / Building Tools / Chemical Products For Building / Furniture Fittings / Auto Repair Tools / Lighting Fixtures / Tool Kits

Screws, Rivets, Hollow Rivets

HAILIANG CO., LTD. 886-4-23312278

886-4-23312279

hailiangscrew@gmail.com www.fastener-world.com/en/supplier/ hailiang Rivets / Tubular Rivets / Screws / Hardware & Fastener Components - no.52/2021

Hand-crafted Screws /

096

Headless & Knurled Fasteners

Heading Machine, Thread Rolling Machine, Nut Former, Bolt Former

Dowel Pins CNC Turning and Milling Machining

HEY YO TECHNOLOGY CO., LTD. 886-4-25665113

HONG FU METAL INDUSTRIAL CO., LTD.

886-4-25604335

886-2-26833612

info@heyyo.com.tw

886-2-26818713

hongfu1688@gmail.com

www.heyyo.com.tw Dowel Pins / Roll Pins / Terminal Pins / Locating Pins / Custom Pins / Steel Pins / Straight Pins / Special Pins / Non-standard Hexagon Head Screws / Bolts / CNC Machining Parts / Stainless Steel Pins

p40

www.fastener-machine.com Buying and Selling Used Fastener Machines / Cold Header / Nut Formers / Screw (Bolt) Formers / Assembly Machines / Heading Machines

BUYERS' GUIDE Auto Center Punch, Flexible Socket & Open Wrench, Extra Long Double Flexible Socket Wrench, Double Hex Flexible Wrench, Double Torx Socket Wrench...

ING-HWEI IMPLEMENTS MFG. CORP. 886-4-2270 5516~7

886-4-2279 4838

inghwei@inghweitools.com.tw www.ing-hwei.com Sockets / Wrenches / Spanners In General / Punches / Chisels / Precision Tool Sets / Flare Nut Wrenches / Socket Wrench Sets & Sockets / Open-end Wrenches

p38

CNC Auto Lathe, Fiber-optic Telecommunications Equipment, Hydraulic/Pneumatic Components, Shaf ts , Mechanic Components , Electronic Components, Wire-cutting, Computer Connectors

Thermoplastic, Metal Knobs and Handles, Leveling Pads & Levelers, Plastic Head Screws & Thumb Screws, Machinery Hardware & Elements, Inserts and Studs / Bolts for Knobs and Handles

HOSHENG PRECISION HARDWARE

INTERCRAFT CO., LTD.

886-6-2553250 886-6-2468619 eilly2004@yahoo.com.tw p78 www.hosheng.com.tw Stainless Steel / Brass & Bronze Screws / Phospher Bronze / Copper / Aluminum Material / A2 Cap Screws / Automotive Screws / Double Lead Thread Screws / Double-head Screws / Bolts

886-4-22131000 886-4-22132000 intcraft@ms3.hinet.net www.intercraftco.com CE, ISO-9001 Precision Plastic Parts / Handles / Plastic Screws / Thumb Screws / Hardware / Hand Pullers / Hoists / Hooks p27 Drawing Machine, Pickling Equipment, Wire Furnace

IWASHI TECHNOLOGY LIMITED 886-6-211 6816 iwashitech@gmail.com www.iwashi.asia

p75 Fasteners, Springs

Riveting Parts

HWAGUO INDUSTRIAL FASTENERS

J. T. FASTENERS SUPPLY CO., LTD.

886-2-22992020

886-2-22982026

hwaguo.hr@gmail.com www.hwaguo.com ISO-9001, TÜV Spring Pins / Cage Nuts / U Nuts / Retaining Rings / Rivets / Lock Washers / Clip Nuts / Blind Nuts / Rivet Nuts / Multi-die Forming Fasteners / Cap Nuts / Special Washers / Springs

p45

886-7-622-6973 886-7-622-6173 info@jtfasteners.com.tw www.jtfasteners.com.tw ISO-9001, TÜV Blind Nuts / Rivet Nuts / Weld Nuts / Selfclinching Nuts / Special Nuts / Insert Nuts / Automotive & Motorcycle Special Screws / Bolts / Brass Inserts / Special Parts / Blind Rivet Studs / Clinch Studs / Forged and Stamped Parts / Stamped Parts

Hardware & Fastener Components - no.52/2021

Wire Drawing Machine / Annealing Furnace / Alloy Steel Wire & Rod

097

BUYERS' GUIDE Wire Rope Clips, Turnbuckles, Shackles, Thimbles, Spring Nuts

JA QWAN INDUSTRIAL CO., LTD.

886-7-6228085 886-7-6227474 ja.qwan@msa.hinet.net www.ja-qwan.com.tw ISO-9001 Carabiners, Retaining Rings, Holders / Hooks / Rings, Customized Special Screws / Bolts, Stainless Steel Eye Bolts, Stainless Steel Eye Nuts, Hooks, Nautical Hardware, Other Hardware Equipment / Accessories / Products, Construction Fasteners, Eye Bolts, Stainless Steel Fittings Turning & Milling Parts, Precision Dowel Pins, Sems with Various Types of Screws, Thumb Screws & Nuts, Knurled Inserts, Solid Rivet Stepped Rollers

JGB INDUSTRIAL INC. 886-2-29016785

Quick Release Pins, Double-Acting Quick Release Pins, Detent Pins, Clevis Pins, Hitch Pins, Lanyards, CNC Lathing Parts & Milling Parts

JIN KOU ENTERPRISE CO., LTD. 886-2-86861069

886-2-29016995

886-2-81926859

info@jinkou.com.tw

info@jgb.tw

www.jinkou.com.tw

www.jgb.tw

p4

ISO-9001

Precision Metal Parts / Shoulder Screws / Dowel Pins / Thumb Screws / Thumb Nuts / Brass Insert / Turning Parts / Milled Bolts / Milled Nuts

CE, ISO-9001, TÜV Quick Release Pins / Detent Pins / Clevis Pins / Hitch Pins / CNC Parts, CNC Lathes

The ODM/OEM for Quality Guaranteed and Ecofriendly Products

JHIH-SYUN ENTERPRISE 886-6-5925098

886-6-5925028

service@js-stamping.com www.js-stamping.com Tooling Design / Assembly / Shipment / Hardware & Fastener Components - no.52/2021

Metal Punching & Stamping / Packaging /

098

Complete Processing Service

Large Size Parts, Hand Tool Sockets, Auto Parts, Multi-Process Cold Forging, Special Parts, Lock Screws, Pan Head Screws, Cement Drill Head Screws, Screwdrivers, Gear Tools, Hand Tools, Mousetrap Parts, Extension Bars, Auto Parts

JIH HSIN KUN SCREW CO., LTD. 886-5-7983099 886-5-7982293 service@jhk-screws.com.tw www.jhk-screws.com.tw ISO-9001 Sockets / Magnetic Tools / Special Screws / Automotive Parts p43

Precision Parts

JIN SHIN CHYUAN INDUSTRY CO., LTD. 886-4-8876528 886-4-8886725 jam@jinsc.com.tw www.jinsc.com.tw ISO-9001 Clinch Nuts / Dome Nuts / Hexagon Nuts / Hexagon Head Cap Screws / Brass & Bronze Screws / Carbon Steel / Fastener Kits / Bushes / Turning Parts / Bushings / Automotive & Motorcycle Special Screws / Bolts / Carbon Steel Screws

p65

BUYERS' GUIDE Value Pack, Wiring Ducts, Cable Ties, Cable Clamps, Cable Glands, Self Adhesive Tie Mounts

KAI SUH SUH ENTERPRISE CO., LTD. 886-2-25551929 886-2-25560052 kss@mail.kss.com.tw www.kss.com.tw

ISO 9001, ISO 14001, ISO 45001, IATF 16949 Cable Ties / Cable Ducts / Cable clips / Cable Glands / Cable Markers / Wrapping Bands / Cable Clamps / Conduits / Bushings / Wire Connectors / Tubes / PCB Parts

p7 Various Special Bolts

Fastener, Hardware, Plastic, Instruction Booklet Package in Bag

JINGLE-TECH FASTENERS CO., LTD. 86-574-87700072 sales@jinglecorp.com

KAN GOOD ENTERPRISE CO., LTD.

86-574-87707155

886-7-6331111 886-7-6331110 kangood.co@msa.hinet.net p71 www.kangoodco.com Screw Pack Bags / Machine Screws / Tapping Screws / Set Screws / Long Nuts / Brass Nuts / Post Studs & Studs / Standoffs / Hex Allen Wrenches / Pins & Spring Pins / Split Lock Washers / Threaded Rods / Smooth Rods / Springs / Forging Parts / Stamping Parts / Plastic Injection Parts / All Sorts of Special Fasteners for Home & Hardware / Construction and Automotive Industries

www.jinglecorp.com ISO-9001 T-head or T-slot Bolts / Eye Bolts / Special Bolts / U Bolts / Eye Screws / Machine Screws / Wood Screws / Drywall Screws / Chipboard Screws / Self-Tapping Screws / Self-drilling Screws / Special Screws

p61

-

Stud, Bolt, Nut, Eye Bolt, Welded Stud

KAO WAN BOLT INDUSTRIAL CO., LTD. 886-7-6246677

886-7-6246111

kw6242277@gmail.com www.kaowan.com.tw

Nylon Parts, Plastic Fasteners

JYH SHINN PLASTIC CO., LTD. 886-6-2551788 886-6-2558210 jsp1976@ms71.hinet.net www.jsplastic.com p37 ISO-9001 Cable Ties / Electronic Repair Kits / Wire Distribution Devices / Wires / Cable Clamps / All Kinds of Building Materials and Accessories / Refrigeration / Air Conditioning / Engineering / Plumbing Engineering / Plastic/Rubber Materials / Fastener Kits / Tool Kits / Nylon Washers / Nylon Bolts

Motorcycle Fasteners, Automotive Fasteners, Construction Fasteners, Furniture Fasteners, Customize Fasteners

KO YING HARDWARE INDUSTRY CO., LTD. 886-7-6214655 886-7-6226316 koying@koying.com.tw www.ko-ying.com.tw ISO-9001 Weld Nuts / Automotive Nuts / Motorcycle Nuts / Special Nuts / Bushings / Customized Special Screws / Bolts / T-head or T-slot Bolts / Wheel Nuts / Automotive & Motorcycle Special Screws / Bolts

Hardware & Fastener Components - no.52/2021

ISO-9001 Hexagon Head Cap Screws / Hexagon Head Bolts / Long Carriage Bolts / Lag Bolts / High Strength Bolts / Eye Bolts / Stud Bolts / Welding Studs / Hexagon Nuts / Wood Screws / Self-drilling Screws / Machine Screws

099

BUYERS' GUIDE Friction Ring Stem, Square Tube Interior Connecting Nuts, Tube Interior Connecting Nuts, Applicable Tube Diameter, Type for Bicycle Use, Connecting Nuts for Tube Interiors, Connecting Nuts for Tube Interiors, Special Nuts, Spring Snaps, Tack Glides

KUENYUEH INDUSTRIAL CO., LTD. 886-4-7586153

886-4-7586163

sales@kuenyueh.com.tw www.kuenyueh.com.tw Special Nuts

p23

Automatic Dip Spin Line, Mechanical Galvanizing Line, Hot Dip Galvanizing Line

LI YUN MACHINERY CO., LTD. 886-6-2538795

Nut Driver, Net Setter, Bit Holder

MENG RUI CO., LTD. 886-4-7579885

886-6-2545406

886-4-7579869

mrcl.w7069@msa.hinet.net

lydsauto@ms54.hinet.net

www.bit-holder.com.tw

www.lydsauto.com.tw

ISO-9001

Hot Dip Galvanizing

Hand Tools / Hand Tool Kits / Socket Bits / Sockets / Hand Tools In General / Hardware / Powered Tools In General

p90

p33

Cold Forged & Open Die Forging

LUO YAO CO., LTD. 886-2-22783396

886-2-22783353

sales@luochan.com www.luochan.com

Hardware & Fastener Components - no.52/2021

ISO-9001

100

Special Cold, Hot Forming Parts / Special Bolts / Special Nuts and Bolts / Multi-die Forming Fasteners / Multi-stroke Special Screws, Bolts / Custom Bolts / CNC Parts, CNC Lathes

Magnetic Applications

Hardware Tools

MAGTECH MAGNETIC PRODUCTS CORP. (LEAP TONG)

MING GUU ENTERPRISE CO., LTD.

886-2-27904906 886-2-27906482 export@magtech.com.tw www.magtech.com.tw ISO-9001, D&B D-U-N-S Magnetic Tools / Magnetic Bases / Hand Tools / Hardwares / Hooks / Other Hardware Equipment / Accessories / Products / Products for Decoration / Tools / Automotive Parts / Others / Machine Parts / Electronic Parts

p49

886-4-25682152

886-4-25684695

mingguu@gmail.com www.fastener-world.com/en/supplier/ ming-guu Stretch & Wrapping Tools / Cable-tie Tensioning Tools / Crimping Tools

BUYERS' GUIDE Riveters / Riveting Tools

NCG TOOLS INDUSTRY CO., LTD. 886-37-743060

886-37-743613

ncg@ncgtools.com www.ncgtools.com ISO-9001 Blind Rivets / Tool Kits / Blind Rivet Studs / Anchors / Plastic Rivets / Blind Nuts / Rivet Nuts / Air Tackers / Air Staple Guns / Air Nailing Tools / Electric Staple Guns / Hand Tools

p14 Snap Button, Grommet, Trouser Hook

MING SHING HARDWARE 886-4-7611291

886-4-7628895

mrwu99@ms17.hinet.net www.mr-snapbutton.com Metal (Snap) Fasteners / Medical Components / Auto Parts / Hardware Accessories

Hex Key, Locking Folding, Multi Tool, Ratchet Screwdriver, Palm Ratchet Set, Bits Set

NINGBO (VIETNAM) KING MOUNT 86-574-6515 3799

86-574-6515 3799

sales@kmount.com www.kmount-tools.com ISO-9001 Hex-key Wrenches / Ratchet Screwdrivers / Screwdrivers / Bit & Bits Sets / Bicycle Repair Tools

p17 Hardware Tools

NOVUMTEC EURASIAN ASSOCIATED CO. 886-4-23713869

886-4-23713324

box@gfb.com.tw www.gfb.com.tw

p34 Cold Formed, Customized Component

MINI FASTENER DEVELOPER 886-7-6076626 sales@mini-fastener.com.tw www.mini-fastener.com.tw ISO-9001 Customized Fasteners

Tensioning And Cutting Tool, Strip Buckle, Hardware Products

Peng Kang Enterprise Co., Ltd. (SHI GANG) 886-7-374 1074 peng.kang@seed.net.tw www.fastener-world.com / en / supplier / pengkang Hand Tools / Other Hardware Equipment / Accessories / Products / Wire / Cable Clamps / Cable Ties / Cable-tie Tensioning Tools

Hardware & Fastener Components - no.52/2021

Sockets / Bits / Screwdriver Bits

101

BUYERS' GUIDE Wrenches, Sockets, Workshop Tools, Construction Tools

PLUS CRAFT INDUSTRIAL 886-4-22125996

886-4-22125992

sales@superbco.com www.pluscraft.com Ratchet Wrenches / Combination Wrenches / Box End Wrenches / Hand Sockets / Impact Sockets / Bit Sockets / Tool Kits / Trolleys / Cabinets / Caulking Guns / Tiling / Flooring Tools / Glass Tools / Masonry / Cement / Concrete CNC Turning

Nut Setter, Bit Holder, Adaptor, Drill Bit, Extension Bar, Socket, Ratcheting Screwdriver

PRIMEST CO., LTD. 886-7-6317156

886-7-6317160

CNC1@primest.com.tw www.primest.com.tw ISO-9001 Turning Parts / CNC Parts, CNC Lathes

RONG YIH JIANG ENTERPRISE CO., LTD. 886-4-26935275

886-4-26935305

jong.yih@msa.hinet.net www.rongyih.com ISO-9001 Nut Setters / Bits / Commutators / Adapters / Nut Drivers / Shafts, Couplings, Keys and Clutches / Handles / Screwdrivers / Power (Hydraulic) Chucks p35

Construction

Hardware & Fastener Components - no.52/2021

RAY FU ENTERPRISE CO., LTD.

102

886-7-5560180 886-7-5560174 export@ray-fu.com www.ray-fu.com CE, ETA, IATF16949, ISO-14001, p19 ISO-9001, TAF, TÜV Chipboard Screws / Drywall Screws / Furniture Screws / Wood Screws / Thread Cutting Screws / Roofing Screws / Self-drilling Screws / Machine Screws / Twinfast Woodscrews / Deck Screws / Triangular Thread Screws / Hexagon Head Cap Screws Customized Special Screws / Bolts, CNC Parts, Auto Parts

REXLEN CORP. 886-7-7259858 886-7-7259199 rexlen@rexlen.com.tw www.rexlen.com.tw p8 ISO-9001, TAF Rivets / PPAP Documents / Clinch Nuts / Clinch Studs / Customized Special Screws / Bolts / Machine Screws / CNC Parts, CNC Lathe / Forged and Stamped Parts / Injection Molding Machine Screws / A193 B7 Screws / All Kinds of Screws

Battery Rivet Tool

SHANGHAI TONE MACHINE CO., LTD. 86-523-85432999

86-523-84981118

tone@sweet-tool.com www.sweet-tool.com CE Pneumatic / Hydraulic Riveters / Rivet Nut Tools / Hand Rivet Tools, Hand Rivet Nuts / Rivet Bolt Tools, Air Hydraulic Rivets

p50

BUYERS' GUIDE Professional Hex Key & Hand Tool, Bit, Screwdriver, Clamp, Speed Wrench, Punch

SHENG PU PROMOTION CO., LTD. 886-2-2643 1226

886-2-2641 4736

sales@sptools.com.tw www.sptools.com.tw D-U-N-S Hex Keys / Bit & Bits Sets / Speed Wrenches / Nut Drivers / Bits / Punches / Screwdrivers / Clamps in General / Saws, Non-powered, General

p41

Concrete Screw Anchors, Hammer Drill Bits

Screws

SHEH KAI PRECISION CO., LTD. 886-7-6225669 886-7-6226002 info@shehkai.com.tw p10 www.shehkai.com CE, ETA, ISO-14001, ISO-9001, PGM Bi-metal Self-drilling Screws / Bi-metal Screws / Bi-metal Concrete Screw Anchors / Screw Anchors / Self-drilling Screws / Stainless Steel Wire & Rod / Construction Fasteners / Self-Tapping Screws / Wing Screws / Roofing Screws / Concrete Screws / Multi-stage Screw & Parts / Concrete Drills

SHINN RUNG CO., LTD. 886-6-2307777

886-6-2306686

sr@shinnrung.com www.shinnrung.com CE, ISO-9001 Self-drilling Screws / Sheet Metal Screws / Collated Screws / Thread Forming Screws /Drywall Screws / Chipboard Screws / Machine Screws / Furniture Screws / Stainless Steel Screws

Retaining Rings, Toothed Lock Washers, U-Nuts, Pins, Stamping Parts, Push on Nuts

886-2-89828858 886-2-89829066 info@shoulong.com.tw www.shoulong.com.tw p22 ISO-9001, TÜV Flat Washers / External Tooth Washers / Internal Tooth Washers / Retaining Rings / Sems Washers / J Nuts / Clip Nuts / Push-on Nuts / U Nuts / Bronze / Phospher Bronze / Copper Handles

Inserts, Nuts

SHEN SHAN INTERNATIONAL GLIDE MFG. CORP.

SOGA INDUSTRIAL CORP.

886-4-2566 5612

886-4-25672556

service@shen-shan.com

886-2-28333895

886-2-28363898

soga36@gmail.com www.fastener-world.com/en/supplier/ soga

www.shen-shan.com ISO-9001 Handles / Furniture Fittings / Washers / Hardware / Casters / Rollers / Wheels

p28

Brass Insert / Special Nuts / Small Nuts

p36

Hardware & Fastener Components - no.52/2021

SHOU LONG PRECISION INDUSTRIAL CO., LTD. (GIANT LONG)

103

BUYERS' GUIDE Blind Rivets, Hand Riveters, Air Riveters, Blind Rivet Nuts

SPECIAL RIVETS CORP. (SRC)

886-4-24623555 886-4-24621777 srcrivet@ms12.hinet.net www.srcrivet.com p2 ISO-9001 Blind Rivets / Flat Head Rivets / Hand Riveters / Blind Nuts / Rivet Nuts / Closed End Rivets / Hand Rivet Tools, Hand Rivet Nuts / Rivet Bolt Tools, Air Hydraulic Rivets / Multigrip Rivets / Painted Rivets / Countersunk Rivets / High Strength Rivets / Rivet Nut Tools / Structural Rivets Custom CNC Machining

STAND DRAGON INDUSTRIAL CO., LTD. 886-4-8946412 886-4-8945411 info@standdragon.com www.standdragon.com ISO-9001 Custom Pins / Caster Pins / Contact Pins / Blind Nuts / Rivet Nuts / Bushings / Automotive & Motorcycle Special Screws / Bolts / Hex Standoffs / Miniature Precision Screws / Self-tapping Bolts / Stud Bolts / Connecting Rod Bolts / Threaded Rivets p29

Fasteners & Hardware Parts

SUPERIOR QUALITY FASTENER CO., LTD. 886-7-5377111~4

886-7-5376655

sqf@sqf.com.tw www.sqf.com.tw CE, IATF16949, ISO-9001, ISO-14001 Heavy Nuts / Flange Screws / Hexagon Head Cap Screws / Weld Screws / Hexagon Nuts / Automotive Screws / Automotive Nuts / Tubes / T-head or T-slot Bolts / Construction Bolts / U Bolts / Weld Nuts p24

Locks, Padlocks, And Security Hardware

STEEL MARK ENTERPRISE LTD. 886-6-2364150

886-6-2364155

sales@steelmark.com.tw

Hardware & Fastener Components - no.52/2021

www.steelmark.com.tw

104

Cylinder Locks / Door Hinges / Locks /Padlocks / Window Hinges / Safety Hooks /Door and Gate Bolts / Furniture Locks and Keys / Handles / Hooks / Door and Window Accessories / Door Hardware

Nylon Washer, Plastic Flat Washer, Plastic Cap, Plastic Nut, Plastic Bolt, Various Plastic Products, Rubber O-Ring, Rubber Washer

All Kinds of Screws and Nuts

SUN CHEN FASTENERS INC., 886-6-205 0091

TAIWAN NYLON WASHER CO., LTD.

886-6-205 0307

sunchan@ms9.hinet.net www.fastener-world.com/en/supplier/ sun-chen (Steel) Wire Nails / Barrel Nuts / Machine Screws / Clinch Stud Screws / All Kinds of Nuts / Customized Special Screws / Bolts / CNC Parts, CNC Lathes / Stamped Parts / Hardware / Hex Keys / Carbon Steel / Stainless Steel

p6

886-6-3556607 886-6-3557778 twnylon.washer@msa.hinet.net www.taiwannylonwasher.com.tw ISO-9001 Rubber Washers / Silicone Washers / Plasterboard Nails / Plastic Bolts / Plastic Nuts / Plastic Rivets / Plastic Screws / Plastic Washers / Nylon Washers

p73

BUYERS' GUIDE Cold Formed, Machined and Secondary Operation

TITAN FASTENER LTD. 886-7-6995588

886-7-6997788

rachel@titan-fast.com.tw www.fastener-world.com/en/supplier/ titan IATF16949, ISO-9001 Special Cold & Hot Forming Parts / Tubes / Spacers / Weld Nuts

Stapler, Staple Gun

Fasteners, Screws

TANGIBLE IND. CO., LTD.

TOPGO CO., LTD.

886-2-82093244

886-2-82090171

886-2-23661168

886-2-23661346

richard@tangible.com.tw

topgo.co@msa.hinet.net

www.tangible.com.tw

www.topgo.com.tw

Staple Guns

CNC Machining Parts / Stamped Parts / Die Casting / Self-drilling Screws / Self-Tapping Screws / Roofing Screws / Bi-metal Self-drilling Screws

p32

p109 Shower Panel, Mixer/Faucet, Angle Valves, Hose, Valve Connection

UEI CHANG CO., LTD. 886-4-763 8482

886-4-763 8447

da.hwei@msa.hinet.net Showerheads / Faucets / Shower Equipment / Flow Control Valves / Hose Clamps / Pipe Fittings For Hydraulic Systems

Cold Forming, Hot Forging, Stamping, Machining, Grinding

TIGGES TAIWAN BRANCH 886-7-5366889

886-7-5365878

info@tigges-group.com syu.tw@tigges-group.com www.tigges-group.com IATF16949, ISO-14001, ISO-9001, ISO/IEC-17025, TAF, TÜV Cold Forming / Hot Forging / Stamping / Machining / Grinding

Cold Heading, Heat Treatment, Pneumatic Tools , Automobile Components, Mechanical and Electrical Products, Bike Components, Sports Equipment

U-WEEN ENTERPRISE CO., LTD. 886-4-25223290#23

886-4-25223482

alex@u-ween.com.tw www.u-ween.com.tw CE, ISO-9001 Impact Wrenches & Air Sockets / Air Ratchet Wrenches / Pneumatic Hand Tools in General / Hardware

Hardware & Fastener Components - no.52/2021

www.verona-faucet.com

105

BUYERS' GUIDE CNC Lathe Parts

WEH SHENG PRECISION INDUSTRY 886-2-22021222 886-2-22022600 sales@wehsheng.com www.wehsheng.com ISO-9001 Blind Nuts / Rivet Nuts / Hex Stand-offs / Automotive Screws / Turning Parts / CNC Machined Parts / Aluminum Material / Precision Metal Parts / Carbon Steel Screws / All Kinds of Screws / Aluminum Nuts / Brass Inserts / Brass & Bronze Nuts Special Nuts

High Security Locks, Include Brass Padlocks, Door Locks, Furniture Locks, Automotive Locks

WEI IN ENTERPRISE CO., LTD. 886-6-5957183

WHALE SECURITY CORP. HIPPO SECURITY CORP.

886-6-5957323

weiintw@gmail.com

886-8-7521111

www.weiin-nut.com.tw

886-8-7553000

whale7.gordon@msa.hinet.net

ISO-9001 Cap Nuts / Clinch Nuts / Coupling Nuts / Tee or T Nuts / Flare Nuts / Spacers / Prevailing Torque Nuts / Bushings / Aluminum Nuts

www.whalelock.com

Door Hardware / Window Hardware / Products for Decoration / Tools / Other Hardware Equipment / Accessories / Products / Padlocks / Car Locks / Cylinder Locks / Furniture Locks and Keys / Locks / Lock Pins / Door Hinges / Window Hinges

ROP-2HAD Double Trochoid Pump with Motor

WEI LIANG CORPORATION 886-2-29948401

886-2-29934062

wlp29949451@gmail.com www.zenloon.com.tw

Hardware & Fastener Components - no.52/2021

CE

106

Pumps / Filters for Hydraulic Systems / Lubricators / Pipe Fittings for Hydraulic Systems / Hydraulic Pumps / Hydraulic Piping Systems (Tube and Hose Assembly) / Hydraulic Motors / Centralized Lubrication Systems Machining Parts, Cold Forging, Stamping

Air Duatool, Air Blow Gun

WEI MENG METAL PRODUCTS CO., LTD.

WOEI SHEN CO., LTD.

886-3-4783569

886-3-4783589

886-6-2432747

info-tw1@weimong.net

886-6-2432227

weishen@blowgun.com.tw

www.weimong.net

www.wondergun.biz

ISO-9001

Air Dusters / Air Spray Guns / Pneumatic Hand Tools In General / Hand Tool Kits / Hand Tools

Forged and Stamped Parts / CNC Machining Parts / Special Cold, Hot Forming Parts

p39

BUYERS' GUIDE Glue Gun

YEU CHYUAN INDUSTRIAL 886-5-2687550

886-5-2681110

yc@yeuchyuan.com www.yeuchyuan.com.tw GS, UL, CUL, BSCI, ISO 9001:2018 Glue Guns / Hand Tools /Powered Tools in General / Hand Tool Kits

Insert Nuts, Zinc Die Casting Parts, Insert Nut, Wing Nuts, Cross Nuts, T Nuts, K.D. Fitting, Allen Key, Jcn Nuts, Pop Nuts, Furniture Screws, Connector Screws, Barrel Nuts & Cross Dowel

YAW MIN ENTERPRISE CORP.

886-4-2524 4346 886-4-2524 4349 yawmin.contact@gmail.com www.yawmin.com p123 ISO-9001 Insert Nuts / Barrel Nuts / Wing Nuts / Die Casting / Furniture Fittings / Flange Nuts / Die Cast Nuts / Tee or T Nuts / Customized Special Screws / Bolts / Automotive Parts / CNC Parts, CNC Lathe

CNC Milling Parts, Stamping Parts, Wire Forming, Spring Clips

YENCHANG HARDWARE HOOK & SPRING FACTORY 886-6-2554123

8886-6-2467212

yenchang201@gmail.com www.yenchang.com.tw ISO-9001, TÜV Stamped Parts / Springs / CNC Machining Parts

p62 Automotive Stamping Parts and Nuts

YI CHUN ENTERPRISE CO., LTD. 886-7-6073133

886-7-6073130

fooh.ming@msa.hinet.net www.yc-fen.com.tw

Customized Fasteners & Parts

YAYI INDUSTRIAL CO., LTD. 886-4-7722561

886-4-7722591

winner59086691@gmail.com www.fastener-world.com/en/supplier/ yayi Washers / Stamped Parts / Furniture Fittings / Hand Tools / Automotive Parts / Special Parts / Wrenches / Spanners In General / Wrench Sets

Scooter and Bicycle Parts, Automotive Parts, Building Hardware, Air Tools, Bathware Parts, Active Components, Spare Parts, Communication Parts, Accessories, Flush Head Self-Clinching Studs, Wheel Nuts

YIH-LIHJEOU ENTERPRISE CO., LTD. 886-4-7876629 886-4-7876529 sales.tseng@yih-lihjeou.com www.yih-lihjeou.com ISO-9001 CNC Parts, CNC Lathes / Turning Parts / Precision Metal Parts p26

Hardware & Fastener Components - no.52/2021

ISO-9001 Cap Screws / Socket Set Screws / Cage Nuts / Clip Nuts / Stamped Parts / Blind Nuts / Rivet Nuts / Automotive Parts / Weld Nuts / Welding T-nuts / U Nuts / A2 Cap Screws / Special Screws p51

107

BUYERS' GUIDE DIY, Bits, Power Pneumatic Tools

YI HONG CHANG INDUSTRIAL 886-4-22756388

886-4-22768875

yihong.chang1619@gmail.com www.bitholders.com.tw DIY / Bits / Power Tools / Pneumatic Tools

Self Drilling Screw, Self Tapping Screw, Sandwich Panel Screw, Long Screw, Farmer Screw, Window Screw, Furniture Screw, Eye Lag Screw, Capped Screw, Rod Hanger Screw, Customized Screw...

YOUR CHOICE FASTENERS & TOOLS

886-4-7991246 886-4-7991355 taitzu.taitzu@msa.hinet.net www.ycs.com.tw p122 CE, ISO-9001 Chipboard Screws / Drywall Screws / PVC Screws / Roofing Screws / Self-drilling Screws / A2 Cap Screws / Collated Screws / Self-Tapping Screws / ZDC Cap Screws / Wing Screws / Farmer Screws

All Kinds of Anchors

YUYAO AKF FASTENERS CO., LTD. 86-574-62757772

86-574-62757771

sales9@anchor888.com www.akffastener.com ISO-9001, CE Wood Screws / Self-drilling Screws / Self-Tapping Screws / Machine Screws / Metric Screws / Metal Screws / Furniture Screws / Floorboard Screws / High Strength Screws / Combined Screws / Bimetal Screws / Carbon Steel Screws

Machined Nuts, Copper Nuts, Electronic Parts

YU-DER PRECISION CO., LTD.

Hardware & Fastener Components - no.52/2021

886-6-2435512 886-6-2435793 i57i34@gmail.com www.yude-nut.com Machined Nuts / Copper Nuts / Electronic Parts

108

p63 Screwdrivers, Screwdriver Bits, Drywall, Drill Bits, Allen Keys, Nut Setters, Tool Kits, Impact Drivers, Drive Sockets, Bit Sockets, Ratchet Drivers

YUN CHAN INDUSTRY CO., LTD. 886-4-24953458 886-4-24939735 jhaiso@ms32.hinet.net www.yunchan.com.tw p31 ISO-9001, TÜV Hex Keys / Socket Bit Sets / Wrench Sets / Tool Kits / Bit & Bits Sets / Nut Setters / Socket Bits / Sockets / Bit Sets / Screwdrivers / Impact Screwdrivers / Ratchet Screwdrivers

Eye Bolts DIN444, Hinge

YUYAO NO.2 STANDARD FASTENER FACTORY / YUYAO BIAOER TRADING 86-574-62003777

86-574-62003980

ruanlifei@biaoer.com www.biaoer.com ISO-9001 Eye Bolts / Window Hinges / Door Hinges

p72

BUYERS' GUIDE Outdoor Construction Nails, Concrete Nails, Drywall Nails, Duplex Nails

ZON MON CO., LTD. 886-7-3526549

886-7-3526561

a530811@ms27.hinet.net www.zonmon.com.tw ISO-9001 Construction Fasteners / Drywall Nails / Roofing Nails / Wallboard Nails

Brass Rods, Automatic Lathe Machining, Machining Parts

ZHAN TONG PRECISION CO., LTD. 886-6-231 6662 886-6-231 6671 salesasst@zhantong.biz www.zhantong.biz p12 TAF, ISO-9001 CNC Parts, CNC Lathes / Brass & Bronze Screws / Brass & Copper Pins / Brass Inserts / Brass & Bronze Rivets / CNC Machining Parts / Copper Nuts / Parts for Bathroom Equipment / Electronic Parts / Precision Metal Parts / Hexagon Nuts

High Precision Fasteners, Precision Parts

ZONBIX ENTERPRISE CO., LTD. 886-7-6994364

886-7-6995052

sales.sa09@zonbix.com.tw www.zonbix.com.tw ISO-9001, ISO-14001 Wheel Nuts / Eye Bolts / T-head or T-slot Bolts / Wheel Bolts / Self-drilling Screws / Double-head Screws / Bolts / Self-locking Nuts / Nylon Insert Nuts / Nylon Cap Insert Lock Nuts / Screw Plugs / Hydraulic Components

p21

109

Industry Focus >>

Fastening Hand Tools Trade Statistics

緊固工具貿易統計

USA

compiled by Fastener World

HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts

HS 820412 Adjustable hand-operated spanners, wrenches, and parts

110

(in USD) in descending order according to figures of 2020

Hardware & Fastener Components - no.52/2021

Import

HS 820420 Socket wrenches with/without handles, drives, extensions, and parts

HS 820540 Screwdrivers and parts

HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools

Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10

Partner

2018

2019

2020

World China Taiwan India Germany Argentina Japan Mexico Canada Czech Republic Italy World China Taiwan Germany Spain Vietnam India Japan South Korea Canada Slovenia World Taiwan China Vietnam Germany Sweden Japan Canada Netherlands United Kingdom India World Taiwan China Germany Czech Republic Vietnam Japan Slovenia Poland Spain Switzerland World China Taiwan Germany Canada Indonesia Japan Vietnam Italy United Kingdom Hungary

267,531,353 148,208,882 66,749,277 18,823,102 6,461,610 6,233,728 3,650,244 4,139,307 2,740,937 1,062,784 3,412,662 114,203,324 74,266,930 14,617,388 12,630,421 8,112,333 8,672 1,816,412 210,749 22,951 532,669 297,032 258,433,012 127,233,900 119,406,830 0 3,175,450 1,028,916 1,789,937 1,008,968 747,070 704,357 210,556 145,680,346 37,868,997 88,845,236 8,035,087 3,961,456 116,451 3,035,423 14,662 3,209 536,353 850,205 384,495,414 187,705,033 49,066,159 44,680,068 15,719,815 434,658 16,754,119 1,519,680 4,378,418 7,137,143 5,907,642

277,817,720 134,020,508 79,977,632 25,200,846 6,637,097 5,651,591 8,009,379 3,887,251 3,102,694 1,280,338 3,013,973 107,928,724 64,625,038 16,298,495 12,697,554 8,700,417 445,815 2,154,092 310,676 235,646 488,755 268,182 295,932,921 157,164,434 126,902,485 644,656 3,117,939 1,440,378 1,629,434 1,233,736 610,521 689,630 222,827 146,894,874 47,988,724 80,060,971 8,599,604 4,275,980 40,683 1,948,698 219,660 175,823 625,533 759,908 359,799,134 146,569,562 59,625,924 40,317,703 15,824,258 5,595,710 17,623,408 3,633,510 4,876,320 6,429,150 6,988,818

236,479,223 93,864,993 90,499,924 23,114,200 5,305,339 5,078,028 2,789,882 2,723,426 2,548,105 2,161,129 1,785,588 103,643,363 52,956,511 17,030,229 16,839,670 10,339,904 2,378,523 1,803,649 307,347 292,833 276,208 251,504 250,174,439 160,598,716 76,414,791 3,941,343 2,485,159 1,401,520 1,009,788 744,558 657,998 487,735 373,728 137,537,885 62,022,279 59,427,453 4,074,972 3,591,525 1,602,955 1,372,156 1,188,922 753,379 606,445 586,700 335,790,927 115,614,722 75,743,069 32,409,371 16,597,264 16,155,977 11,988,831 7,098,937 6,396,675 5,673,461 5,667,001

HS 820411 Non-adjustable hand-operated spanners, wrenches, and parts

HS 820412 Adjustable hand-operated spanners, wrenches, and parts

(in USD) in descending order according to figures of 2020

Export

HS 820420 Socket wrenches with/without handles, drives, extensions, and parts

HS 820540 Screwdrivers and parts

HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools

Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10

Partner

2018

2019

2020

World Canada United Kingdom Australia Germany Mexico China Japan Singapore France Netherlands World Canada Belgium Mexico Australia Germany Saudi Arabia United Arab Emirates Singapore China Japan World Canada United Kingdom Mexico Australia Japan China Netherlands Germany Peru Saudi Arabia World Canada United Kingdom Mexico Australia South Korea Japan China Germany Costa Rica Belize World Canada Mexico Japan Germany United Kingdom Australia China South Korea France Brazil

147,677,918 33,782,997 13,057,911 10,234,686 10,760,937 8,978,854 8,068,888 8,721,054 4,546,478 2,435,624 3,983,364 44,339,403 15,513,678 3,279,791 3,053,432 1,476,369 839,772 512,251 912,483 2,271,946 695,683 1,355,394 78,016,980 21,093,465 12,995,530 5,330,218 3,519,639 4,283,026 1,471,459 2,686,567 2,712,845 1,532,972 609,271 30,204,893 9,837,459 2,722,815 4,728,819 1,055,871 823,678 826,328 780,464 413,345 975,159 4,179 229,150,260 43,720,659 45,876,493 16,087,211 14,333,052 15,076,932 6,214,243 8,538,642 5,345,448 6,617,205 3,704,739

138,259,291 34,051,835 11,190,754 9,006,065 8,826,966 8,469,124 6,065,307 9,106,918 4,351,302 2,810,707 3,151,363 40,735,631 14,556,211 2,867,681 3,695,156 1,218,217 937,711 796,094 723,789 1,512,220 1,385,128 1,420,309 73,776,744 21,233,829 9,722,424 9,872,978 2,873,110 5,056,066 1,335,025 2,237,311 2,705,453 1,321,401 1,218,116 26,636,426 10,786,483 2,110,283 3,193,096 929,109 798,460 1,118,656 846,046 854,968 419,542 46,325 242,103,752 52,391,805 48,648,817 14,632,466 9,391,053 10,914,744 6,802,374 11,579,327 5,779,533 8,921,620 7,679,864

118,601,082 28,436,492 9,773,692 7,838,958 7,425,449 6,705,913 6,019,338 5,889,576 3,423,265 2,682,328 2,431,478 31,565,308 12,157,121 2,418,620 2,250,326 1,562,151 1,480,197 1,071,506 888,233 876,198 832,198 779,923 51,743,752 20,410,992 6,002,843 4,209,741 3,318,318 2,170,380 1,322,525 1,309,106 1,257,997 1,229,847 1,065,863 24,542,189 11,386,263 2,669,786 1,869,768 1,858,233 770,066 596,447 424,947 411,897 385,533 383,958 189,087,035 46,598,700 34,696,045 13,251,908 11,030,468 8,251,105 8,087,369 6,496,177 4,726,067 3,887,462 3,697,637

Hardware & Fastener Components - no.52/2021

USA

Industry Focus >>

Source: U.S. ITA of Department of Commerce

111

Canada

Industry Focus >>

HS 820411 Non-adjustable handoperated spanners, wrenches, and parts

HS 820412 Adjustable handoperated spanners, wrenches, and parts

HS 820420 Socket wrenches with/ without handles, drives, extensions, and parts

112

HS 820540 Screwdrivers and parts

(in USD), in descending order according to figures of 2020

Hardware & Fastener Components - no.52/2021

Import

HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools

Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10

Partner World United States China Taiwan Germany Czech Republic United Kingdom Italy Japan Vietnam Hungary World China United States Taiwan Germany Vietnam United Kingdom Italy Japan Czech Republic Hungary World Taiwan China United States Germany United Kingdom Italy Czech Republic Japan Hungary Vietnam World China United States Taiwan Czech Republic Germany United Kingdom Japan Italy Vietnam Hungary World China United States Taiwan Germany Italy Japan Hungary Vietnam United Kingdom Czech Republic

2019 68,927,716 23,807,641 19,578,753 7,480,969 1,415,097 306,302 308,457 183,586 14,026,593 10,492 4,673 22,789,467 9,497,350 8,438,808 2,687,654 777,863 589 135,894 30,277 95,899 17,312 133 50,314,883 11,404,488 25,254,180 11,640,330 671,448 133,084 85,018 93,712 90,106 49,798 25,358 16,849,319 7,433,421 5,043,312 2,386,459 962,530 606,473 49,032 74,450 20,306 2,366 1,581 114,921,133 48,730,795 30,076,977 17,203,069 5,343,989 2,893,688 975,661 1,622,231 788,671 882,692 579,642

2020 47,471,307 18,160,970 17,565,722 7,445,927 1,119,729 487,394 209,571 177,374 144,567 10,902 3,936 21,573,303 9,222,836 6,467,753 3,108,033 993,067 334,521 176,763 56,129 50,153 24,843 111 33,495,097 11,360,030 11,206,458 9,296,787 569,023 86,352 79,718 75,495 70,191 38,018 37,644 17,648,139 7,935,553 4,428,204 3,126,548 1,114,018 551,314 57,364 36,096 9,419 1,602 607 132,407,904 73,357,023 22,494,473 17,769,808 3,552,392 3,426,936 1,470,925 1,467,401 1,278,978 823,076 607,909

HS 820411 Non-adjustable handoperated spanners, wrenches, and parts

HS 820412 Adjustable handoperated spanners, wrenches, and parts

HS 820420 Socket wrenches with/ without handles, drives, extensions, and parts

Export (in USD), in descending order according to figures of 2020

HS 820540 Screwdrivers and parts

HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools

Source: Canada.ca

Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10

Partner World United States Netherlands Germany France Australia India China Mexico Thailand Taiwan World United States Australia Mexico Netherlands Taiwan France Germany China Thailand India World United States Germany Australia France China Mexico Netherlands Thailand Taiwan India World United States Germany Taiwan China Mexico Australia France Netherlands India Thailand World United States Thailand France Taiwan India China Mexico Germany Netherlands Australia

2019

2020

5,527,593 4,134,333 22,686 284,345 44,424 23,956 55,037 34,807 38,707 3,565 308 2,069,759 818,214 150,073 126,957 53,518 5,903 16,390 30,372 7,900 295 1,334 3,143,550 2,156,777 98,856 50,879 16,431 8,019 55,307 7,749 12,591 852 1,568 1,940,379 1,024,417 615,241 21,362 3,318 6,660 7,981 179 19,474 4,014 1,995 23,538,148 17,656,905 731,285 609,043 370,798 663,815 611,137 272,663 260,274 86,850 111,314

4,266,369 3,286,595 161,703 82,884 73,845 53,054 38,337 27,483 15,733 8,440 264 1,561,307 577,135 178,541 110,928 49,761 23,573 15,012 11,024 5,216 3,842 1,915 2,303,547 1,646,934 124,462 64,397 24,657 8,711 7,154 6,542 3,659 1,171 1,001 1,505,196 705,236 355,671 24,344 23,521 9,439 8,694 4,339 2,464 124 31 22,263,367 16,788,612 1,134,736 631,122 566,161 525,238 402,042 353,220 203,655 130,047 84,909

Hardware & Fastener Components - no.52/2021

Canada

Industry Focus >>

113

Industry Focus >>

Japan

in descending order according to volumes of 2020

Import

Japan P.C. Code 61705 All hand tools Rank

Country

2019 (kg)

2020 (kg)

2019 (JPY1,000)

2020 (JPY1,000)

World

68,826,383

65,372,646

155,400,826

133,966,200

1

China

36,729,955

38,533,725

52,869,894

48,515,661

2

S. Korea

14,010,541

9,821,969

22,148,125

16,822,864

3

Taiwan

8,860,778

8,891,858

15,013,726

14,258,187

4

Thailand

1,711,280

1,373,377

8,406,254

7,543,186

5

Vietnam

1,425,947

1,341,421

5,084,069

5,492,237

6

Germany

1,329,175

1,243,667

10,881,918

8,158,838

7

USA

1,173,763

1,100,847

11,484,131

9,390,470

8

Indonesia

508,775

376,590

2,430,922

1,994,952

9

India

334,824

327,060

1,382,268

1,116,932

10

Italy

380,800

323,721

1,082,852

921,259

Export Japan P.C. Code 61511 All hand tools

Hardware & Fastener Components - no.52/2021

Rank

114

Country

2019 (kg)

2020 (kg)

2019 (JPY1,000)

2020 (JPY1,000)

World

91,441,897

78,394,421

409,156,808

341,025,018

1

USA

27,292,051

27,093,194

92,721,860

77,007,127

2

China

16,623,015

13,276,172

84,509,714

74,644,909

3

Thailand

5,985,983

3,642,217

32,987,562

23,550,148

4

S. Korea

4,041,228

3,433,050

23,593,706

19,849,260

5

UK

1,355,989

3,344,761

3,614,903

5,438,924

6

Mexico

7,645,650

3,193,600

18,199,338

10,825,106

7

Indonesia

155,611

2,663,261

231,600

8,126,441

8

India

23,278

1,858,639

272,640

9,135,020

9

Czech Republic

591

1,845,045

1,826

3,147,166

10

Malaysia

306,023

1,803,922

3,500,644

4,549,982

Source: Ministry of Finance, Japan

Industry Focus >>

Taiwan

Import

in descending order according to figures of 2020

HS 820411 - Non-adjustable hand-operated spanners, wrenches, and parts

Rank

Country

2019 (KG)

2020 (KG)

Country

World

3,648,472

4,502,854

1

China

3,243,343

2

Vietnam

138,969

3

Japan

4

India

2019 (USD)

2020 (USD)

World

18,606,863

22,902,771

4,056,539

China

14,437,651

17,504,922

143,126

Japan

1,910,634

1,849,672

118,725

102,805

Vietnam

718,533

836,843

112,650

53,427

USA

292,443

522,107

5

Turkey

5,283

35,723

Germany

282,038

399,052

6

United States

8,316

17,232

Turkey

73,195

325,988

7

Germany

9,929

3,159

India

436,960

245,791

8

Netherlands

805

2,441

Netherlands

89,019

240,937

9

Czech Republic

119

760

Czech Republic

9,398

46,867

10

Poland

214

318

Switzerland

17,157

25,026

HS 820412 Adjustable hand-operated spanners, wrenches, and parts Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

1,776,182

1,444,475

World

10,180,824

8,577,103

1

China

870,885

2

Vietnam

758,210

709,121

China

5,027,282

3,835,180

676,164

Vietnam

3,392,747

3,238,040

3

Japan

30,935

21,901

4

Turkey

36,957

18,378

Japan

501,775

650,799

United States

265,057

341,266

5

India

62,984

9,654

6

USA

3,299

5,230

Turkey

318,259

152,929

Germany

78,331

96,549

7

Germany

2,006

1,673

8

Thailand

717

337

Netherlands

15,439

92,209

India

270,671

48,919

9

Spain

1,172

305

Italy

10,526

19,555

10

Italy

87

147

Ireland

10,052

17,998

HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank

Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

787,040

1,557,511

World

3,757,531

7,299,008

1

China

740,685

1,339,573

China

2,442,909

5,123,866

2

Vietnam

15,220

184,606

Vietnam

79,765

732,162

3

Italy

366

8,372

Japan

519,822

483,716

4

Japan

6,583

5,509

USA

198,932

274,710

5

Germany

2,605

2,455

Germany

142,858

193,498

6

United States

1,685

1,649

Netherlands

63,827

126,323

7

Netherlands

588

821

Italy

78,178

85,999

8

Denmark

315

307

Denmark

11,890

16,939

9

Sweden

77

148

France

4,802

10,908

10

UK

146

82

Singapore

5,143

9,925

Hardware & Fastener Components - no.52/2021

Rank

115

Industry Focus >>

Taiwan

Import

in descending order according to figures of 2020

HS 820540 Screwdrivers and parts

Rank

Country

2019 (KG)

2020 (KG)

World

764,088

1,298,707

1

China

730,760

2

Japan

18,485

3

Germany

4

Hong Kong

5

USA

6

Czech Republic

7

France

8

Country

2019 (USD)

2020 (USD)

World

5,106,631

8,051,262

1,227,316

China

3,789,162

6,459,857

14,447

Japan

666,202

671,924

4,845

4,457

Germany

216,768

176,849

1,685

3,592

USA

94,969

144,287

752

3,074

Czech Republic

89,440

135,714

1,569

2,391

Hong Kong

24,019

52,411

958

1,351

UK

88,718

39,084

Switzerland

275

228

France

21,457

35,135

9

Thailand

157

125

Switzerland

45,712

21,444

10

UK

149

124

Italy

3,563

6,647

HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools

Hardware & Fastener Components - no.52/2021

Rank

116

Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

2,029,391

2,246,656

World

23,075,879

22,953,054

1

China

1,093,010

1,526,915

China

6,041,102

7,353,269

2

Vietnam

596,749

339,346

Germany

3,517,039

4,230,601

3

Germany

260,192

312,588

Japan

3,851,869

3,933,182

4

Japan

38,111

32,279

Vietnam

3,992,600

2,181,195

5

USA

11,502

11,259

USA

2,408,689

1,750,751

6

S. Korea

2,736

2,870

S. Korea

448,113

870,912

7

India

613

1,552

Canada

339,262

573,640

8

Switzerland

825

797

UK

560,781

554,517

9

UK

1,136

727

Switzerland

398,124

462,627

10

Italy

1,411

614

Italy

195,160

96,068

Export HS 820411 - Non-adjustable hand-operated spanners, wrenches, and parts Rank

Country

2019 (KG)

2020 (KG)

World

15,032,617

14,763,540

World

186,105,470

173,069,760

1

United States

5,291,418

4,605,803

United States

64,662,862

59,771,918

Germany

15,092,697

14,994,335

China

4,073,735

10,672,076

2

China

473,276

2,405,748

3

Germany

817,090

767,660

Country

2019 (USD)

2020 (USD)

4

Japan

807,050

700,274

Japan

11,948,045

10,182,505

5

Netherlands

625,580

558,380

France

13,663,908

10,120,057

6

France

785,757

539,039

Netherlands

10,024,578

10,000,899

7

UK

576,379

377,508

UK

7,086,187

5,437,065

8

Indonesia

504,109

353,268

Australia

3,938,622

4,004,516

9

Sweden

394,546

292,544

Sweden

4,645,886

3,647,165

10

Australia

278,943

281,174

Italy

4,619,430

3,528,735

Industry Focus >> HS 820412 Adjustable hand-operated spanners, wrenches, and parts Rank

Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

9,223,260

8,932,098

World

100,075,075

101,588,499

1

United States

3,121,081

3,315,140

United States

30,767,990

36,629,618

2

China

509,007

754,102

China

6,549,246

8,576,650

3

Vietnam

709,553

573,307

Japan

5,842,111

5,438,826

4

Germany

486,937

479,448

Germany

5,997,168

5,196,553

5

Japan

475,235

443,262

Australia

4,302,315

4,523,387

6

Netherlands

230,962

330,708

France

7,012,709

3,686,622

7

Australia

335,414

315,081

Netherlands

2,714,709

3,625,370

8

Canada

213,462

257,694

Canada

2,790,698

3,266,845

9

Russia

237,846

226,559

Russia

2,685,565

3,052,825

10

France

449,034

210,330

UK

2,829,477

2,845,432

HS 820420 Socket wrenches with/without handles, drives, extensions, and parts Rank

Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

56,522,021

55,379,663

World

364,342,036

343,068,376

1

United States

23,022,154

23,522,946

United States

148,561,113

158,108,524

2

China

10,103,879

12,452,624

China

42,200,364

41,669,900

3

Germany

2,397,391

2,443,601

Germany

19,146,291

18,323,675

4

Netherlands

2,043,449

1,837,711

Netherlands

15,931,250

14,995,678

5

Australia

1,284,137

1,374,714

Australia

10,839,634

10,896,760

6

Russia

1,531,238

1,046,457

Japan

7,532,597

8,070,627

7

Vietnam

606,025

898,966

Russia

11,460,064

7,721,972

8

France

1,199,779

766,647

France

11,014,062

6,651,307

9

Japan

748,089

699,902

UK

5,997,676

5,213,030

10

UK

704,144

622,480

Sweden

8,143,159

5,142,954

HS 820540 Screwdrivers and parts Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

6,597,517

6,327,402

World

76,171,000

78,367,182

1

United States

2,949,669

3,368,908

United States

36,641,441

44,550,343

2

Australia

270,066

313,026

China

3,184,021

3,448,303

3

China

267,986

308,487

Japan

3,262,164

3,179,571

4

Japan

239,909

221,135

Germany

3,028,044

2,660,500

5

Germany

312,402

216,408

Australia

2,071,885

2,240,672

6

UK

213,612

142,932

UK

2,680,991

1,944,490

7

Italy

190,397

124,173

Italy

2,514,548

1,592,586

8

Russia

148,525

116,413

Russia

1,771,915

1,356,273

9

Sweden

191,043

108,665

Sweden

1,952,347

1,333,845

10

Vietnam

81,454

102,700

Netherlands

1,738,698

1,196,110

HS 820790 Screwdriver bits, tapping tools, and other interchangeable tools Rank

Country

2019 (KG)

2020 (KG)

Country

2019 (USD)

2020 (USD)

World

8,547,975

9,114,665

World

102,961,472

104,561,139

United States

2,367,803

2,913,691

United States

32,902,922

37,891,625

2

China

1,619,938

1,580,714

China

11,484,786

11,978,332

3

Vietnam

430,596

886,050

Germany

9,983,822

10,158,866

4

Germany

777,577

758,430

Vietnam

2,937,798

6,226,338

5

Canada

421,231

364,344

Canada

5,090,848

4,251,137

6

Slovenia

384,287

313,906

Russia

2,893,063

3,558,478

7

Russia

246,920

271,267

Sweden

3,702,923

2,370,422

8

Sweden

270,475

198,165

Slovenia

3,253,225

2,227,895

9

Spain

322,365

184,936

Thailand

2,541,946

1,891,046

10

UK

130,027

112,905

Japan

2,583,682

1,833,751

1

Source: Bureau of Foreign Trade (Taiwan)

Hardware & Fastener Components - no.52/2021

Rank

117

Industry Focus >>

US Hand Tool Trade, 2020 – Q1 2021

by Sabrina Rodriguez

2020-2021第一季 美國手工具貿易分析 Data note: The data for this article is derived from Descartes™ Datamyne’ s US Census trade statistics. US Census trade statistics analyze imports and exports on all modes of transportation. That value is calculated in USD by general CIF for imports and FOB for exports. Hand tools in this article are defined as any product under HS Codes 820411 (spanners and wrenches, hand operated, non-adjustable), 820412 (spanners and wrenches, hand operated, adjustable), 820420 (socket wrenches with or without handles), 820510 (drilling, threading or tapping tools), 820540 (screwdrivers and parts thereof), 820720 (dies for drawing or extruding metal), 820740 (tools for tapping or threading), 820790 (interchangeable tools others, and parts thereof).

The United States was undoubtedly impacted in 2020 during the beginning of the pandemic and was further impacted while global trade continued to be disrupted. While the biggest concerns in the supply chain revolved around the demand for personal protective equipment, the entire supply chain became an overwhelming concern and the primary focus. Amongst those commodities were hand tools, which the U.S. generally imports from different countries in Asia and Europe. In 2019, the U.S. imported a total of $1,345,454,299 USD of hand tools which was nearly 11% more than the total imported in 2020. During 2020, the U.S. imported $1,198,933,624 USD and the most significant decrease of imports were seen between February and April 2020.

Considering the recent trade disturbances which have ultimately led to a supply chain disruption, have the imports of hand tools during the first quarter of 2021 increased by comparison to 2020? How much was the U.S. hand tool market impacted during the pandemic? Are there any visible trends that lead to believe we will see a trade surplus or trade deficit in 2021?

US Imports of Hand Tools Most recently the U.S. has seen an incredible demand for new residential housing which was caused by the lack of available homes during the pandemic. The demand for specific commodities used in manufacturing new homes included fasteners, steel, and hand tools. In Q1 2021, the total value of imported hand tools was slightly over $355 million USD compared to Q1 2020’s total of $296 million USD. The first and second quarters of 2020 had the lowest value of hand tool imports in all of 2020, but then in the third quarter of 2020 the value increased to $355 million USD followed by $359 million USD in quarter four.

United States - Import 2020 - Q1 General Total Value CIF (USD)

%

%

General Total Value CIF (USD)

%

2020 - Q3

General Quantity

General Total Value CIF (USD)

%

%

2020 - Q4

General Quantity

%

General Total Value CIF (USD)

%

General Quantity

%

China

91,141,888

30.77 170,643,277

56.15 103,882,490

34.92 158,096,980

56.33 129,794,228

36.49 183,724,684

59.61 121,292,766

59.61 252,147,916

60.61

90,457,473

30.54

72,254,310

23.78

98,639,643

33.16

85,875,463

30.60 116,419,198

32.73

88,760,450

28.80 121,570,453

28.80 110,457,198

26.55

Germany

26,188,791

8.84

4,378,358

1.45

19,205,376

6.46

2,650,703

0.95

25,023,328

7.04

5,096,037

1.66

26,217,574

1.66

5,903,539

Japan

20,900,599

7.06

1,912,646

0.63

15,916,526

5.35

1,841,712

0.66

14,050,872

3.95

1,425,180

0.47

14,422,900

0.47

6,297,688

1.52

Canada

10,885,581

3.68

6,033,307

1.99

11,462,824

3.86

5,747,987

2.05

10,425,822

2.94

2,888,026

0.94

12,385,497

0.94

5,096,237

1.23 2.82

1.42

India

8,114,154

2.74

10,485,866

3.45

5,565,071

1.88

5,945,703

2.12

8,266,088

2.33

7,795,915

2.53

12,419,545

2.53

11,700,756

Mexico

4,539,854

1.54

520,977

0.18

3,497,513

1.18

379,707

0.14

4,272,906

1.21

459,702

0.15

4,200,215

0.15

740,110

0.18

Brazil

3,992,350

1.35

400,480

0.14

2,301,136

0.78

268,190

0.10

3,362,944

0.95

348,619

0.12

3,283,792

0.12

324,779

0.08

Spain

3,884,111

1.32

412,737

0.14

4,395,542

1.48

654,527

0.24

6,074,440

1.71

498,950

0.17

5,292,774

0.17

416,364

0.11

Italy

3,427,938

1.16

3,368,568

1.11

2,437,702

0.82

1,018,172

0.37

2,938,530

0.83

999,382

0.33

4,080,557

0.33

6,059,674

1.46

Total

296,259,091 100.00 303,951,428 100.00 297,536,177 100.00 280,679,673 100.00 355,736,994 100.00 308,238,671 100.00 359,268,534 100.00 416,064,995 100.00 Top Country of Origin 100,000,000 80,000,000 60,000,000

35.2%

8.8%

40,000,000 20,000,000 0

118

2020 - Q2

General Quantity

Taiwan

General Total Value CIF (USD)

Hardware & Fastener Components - no.52/2021

Country of Origin

34.6% CHINA

TAIWAN GERMANY JAPAN

CANADA

INDIA

Country of Origin

MEXICO

BRAZIL

SPAIN

ITALY

CHINA TAIWAN GERMANY JAPAN INDIA CANADA VIETNAM MEXICO SPAIN ITALY

Industry Focus >> United States - Import 2020 - Q1 General Total Value CIF (USD)

Product HS (6)

%

2020 - Q2

General Quantity

%

General Total Value CIF (USD)

%

2020 - Q3

General Quantity

%

General Total Value CIF (USD)

2020 - Q4

General Quantity

%

General Total Value CIF (USD)

%

General Quantity

%

%

820790 - Interchangeable tools others, and parts thereof, of base metal

79,941,595 26.99 128,128,890 42.16

77,700,219 26.12

92,569,651 32.99

95,742,408 26.92 107,017,789 34.72

93,975,592 26.16 179,104,460 43.05

820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal

55,788,825 18.84

71,596,200 23.56

56,545,175

19.01

73,639,824 26.24

71,386,919 20.07

86,655,071 28.12

76,625,634 21.33

99,153,060 23.84

820411 - Spanners and wrenches, hand-operated, non-adjustable, and parts thereof, of base metal

50,796,457

38,189,971 12.57

53,720,298 18.06

37,983,597 13.54

68,483,794 19.26

50,877,768

16.51

74,476,557 20.74

58,586,281 14.09

820540 - Screwdrivers, and parts thereof, of base metal

32,074,388 10.83

48,355,448

15.91

35,515,439

11.94

60,318,099 21.50

39,464,069

11.10

46,614,808

15.13

37,004,368 10.30

56,840,978 13.67

820740 - Tools for tapping or threading, and parts thereof, of base metal

31,082,606 10.50

10,824,200

3.57

25,450,574

8.56

9,328,741

3.33

26,051,239

7.33

7,482,244

2.43

27,282,753

7.60

13,805,452

3.32

820412 - Spanners and wrenches, hand-operated, adjustable, and parts thereof, of base metal

22,128,209

7.47

5,946,258

1.96

23,711,854

7.97

5,875,241

2.10

33,419,160

9.40

8,719,894

2.83

27,969,338

7.79

7,617,594

1.84

820720 - Dies for drawing or extruding metal, and parts thereof, of base metal

21,983,758

7.43

375,579

0.13

21,846,189

7.35

382,364

0.14

18,428,194

5.19

318,683

0.11

18,818,592

5.24

432,780

0.11

820510 - Drilling, threading or tapping tools, and parts thereof, of base metal

2,463,253

0.84

534,882

0.18

3,046,429

1.03

582,156

0.21

2,761,211

0.78

552,414

0.18

3,115,700

0.87

524,390

0.13

Total

17.15

296,259,091 100.00 303,951,428 100.00 297,536,177 100.00 280,679,673 100.00 355,736,994 100.00 308,238,671 100.00 359,268,534 100.00 416,064,995 100.00

China, Taiwan, and Germany account for the majority of foreign suppliers of hand tools to the U.S., followed by Japan, Canada and India. China exported close to 26% more in Q1 2021 by comparison to Q1 2020 which was a total of $23 million USD. Taiwan followed China as the second biggest exporter to the U.S. of hand tools and accounted for a total of $112 million USD in Q1 2021 by comparison to $90 million USD in Q1 2020. Overall, the U.S. saw nearly a 20% increase of hand tool imports in Q1 2021 by comparison to Q1 2020. India increased their exports to the U.S. by nearly 76% during Q1 2021 and Spain increased their exports by nearly 51% in Q1 2021. On the other hand, Japan exported 24% less in Q1 2021 by comparison to Q1 2020 and Brazil exported 20% less in Q1 2021 by comparison to Q1 2020.

The U.S. has been experiencing widespread delays at the ports, specifically those west coast ports where most of the goods sailing from Asia are imported into. Major retailers are reporting some shortages due to these port delays, but ultimately the supply chain remains relatively fluid and stable. Despite all these recent disruptions in the supply chain, imports of hand tools appear to have normalized during the first quarter of 2021.

United States - Import 2020 - Q1 Product HS (6)

General Total Value CIF (USD)

%

2021 - Q1

General Quantity

%

820790 - Interchangeable tools others, and parts thereof, of base metal 820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal 820411 - Spanners and wrenches, hand-operated, nonadjustable, and parts thereof, of base metal

79,941,595 26.99

128,128,890 42.16

55,788,825 18.84

71,596,200 23.56

820540 - Screwdrivers, and parts thereof, of base metal

32,074,388 10.83 31,082,606 10.50

820740 - Tools for tapping or threading, and parts thereof, of base metal 820412 - Spanners and wrenches, hand-operated, adjustable, and parts thereof, of base metal 820720 - Dies for drawing or extruding metal, and parts thereof, of base metal 820510 - Drilling, threading or tapping tools, and parts thereof, of base metal Total

50,796,457

17.15

General Total Value CIF (USD)

%

Volume Change

General Quantity

%

General Total Value CIF (USD)

%

General Quantity

%

95,875,248 27.01 106,908,125 34.38

15,933,653

19.94 ▼21,220,765 ▼16.57

69,259,666

24.15

19.51

70,591,601 22.70

13,470,841

38,189,971 12.57

66,785,828 18.82

55,266,450 17.77

15,989,371

31.48

17,076,479

44.72

48,355,448

15.91

40,488,790

11.41

56,560,389

18.19

8,414,402

26.24

8,204,941

16.97

10,824,200

3.57

31,390,920

8.85

13,635,442

4.39

308,314

1.00

2,811,242

25.98

6,393,023

28.90

1,220,878

20.54

59,842

15.94

▼1,004,599 ▼1.41

22,128,209

7.47

5,946,258

1.96

28,521,232

8.04

7,167,136

2.31

21,983,758

7.43

375,579

0.13

20,406,051

5.75

435,421

0.15

▼1,577,707 ▼7.18

2,463,253

0.84

534,882

0.18

2,310,651

0.66

449,547

0.15

▼152,602 ▼6.20

▼85,335 ▼15.96

58,779,295

7,062,683

296,259,091 100.00

303,951,428 100.00

355,038,386 100.00 311,014,111 100.00

19.85

2.33

Hardware & Fastener Components - no.52/2021

Of the subcategories of hand tools with an increased demand in Q1 2021 are 820790 which increased by 20%, 820420 which increased by 24% and 820411 which increased by 31%. The only two subcategories where there appeared to be a decrease in Q1 2021 are 820720 (decreased by 7%) and 820510 (decreased by 6%).

119

Industry Focus >> US Exports of Hand Tools While U.S. exports significantly less than it imports, Q1 2021 accounted for $150 million USD of hand tools. The U.S. exported $4.6 million USD more in Q1 2021 by comparison to Q1 2020 which was only a 3.18% increase. Of all the subcategories of hand tools, 820790 increased by 12% which accounted for $5.9 million USD. Other subcategories such as 820411 and 820510 decreased in Q1 2021 by comparison to Q1 2020.

The pandemic impacted U.S. exports of hand tools, specifically in Q2 and Q3 2020. During Q2 of 2020, U.S. exports of hand tools dropped to $110 million USD, and then slightly increased to $121 million USD in Q3 2020. It is without a doubt that the U.S. exports the majority of hand tools to their neighboring countries, Mexico and Canada. Canada accounted for 30% of hand tool imports from the U.S. while Mexico accounted for 15% in 2020. The U.S. exported nearly 23% more to Canada in Q1 2021 by comparison to Q1 2020, however, hand tool exports to Mexico remained relatively stagnant in Q1 2021 by comparison to the same time in 2020. U.S. exports to China, Japan and Germany increased in Q1 2021 by comparison to Q1 2020 which accounted for 68% of the total exports of hand tools.

United States - Export 2020 - Q1 Country of Destination

FOB Value (USD)

%

2021 - Q1

Quantity

FOB Value (USD)

%

%

Volume Change

Quantity

%

FOB Value (USD)

%

Quantity

%

Canada

36,410,120

25.03

1,650,807

12.29

44,661,594

29.76

1,892,526

13.51

8,251,474

22.67

241,719

14.65

Mexico

21,410,719

14.72

5,759,475

42.85

21,207,030

14.13

6,720,687

47.95

▼203,689

▼0.96

961,212

16.69

United Kingdom

10,138,114

6.97

1,706,190

12.70

8,627,065

5.75

576,043

4.11

Japan

6,840,054

4.71

294,967

2.20

8,114,209

5.41

302,268

2.16

1,274,155

18.63

7,301

2.48

Germany

6,366,939

4.38

387,682

2.89

8,071,527

5.38

547,521

3.91

1,704,588

26.78

159,839

41.23

Australia

5,990,468

4.12

202,012

1.51

6,010,763

4.01

227,946

1.63

20,295

0.34

25,934

12.84

China

4,499,944

3.10

179,780

1.34

5,526,110

3.69

547,822

3.91

1,026,166

22.81

368,042

204.72

S. Korea

3,401,037

2.34

239,677

1.79

2,352,199

1.57

184,114

1.32

▼1,048,838 ▼30.84

▼55,563 ▼23.19

Belgium

2,674,983

1.84

95,432

0.71

1,948,195

1.30

65,259

0.47

▼726,788 ▼27.17

▼30,173 ▼31.62

France

2,303,120

1.59

37,617

0.28

2,599,581

1.74

64,888

0.47

296,461

12.88

27,271

72.50

145,471,254

100.00

13,442,769

100.00

150,085,812

100.00

14,018,624

100.00

4,614,558

3.18

575,855

4.29

Total

▼1,511,049 ▼14.91

▼1,130,147 ▼66.24

United States - Export 2020 - Q1

Hardware & Fastener Components - no.52/2021

Product HS (6)

120

FOB Value (USD)

%

2021 - Q1

Quantity

%

FOB Value (USD)

%

Volume Change

Quantity

%

820790 - Interchangeable tools others, and parts thereof, of base metal

49,265,495 33.87

5,406,842 40.23

55,257,663 36.82

6,498,650 46.36

820411 - Spanners and wrenches, hand-operated, non-adjustable, and parts thereof, of base metal

35,462,071 24.38

2,429,450 18.08

33,641,171 22.42

3,099,327

820720 - Dies for drawing or extruding metal, and parts thereof, of base metal

14,340,515

9.86

548,752

4.09

15,722,569 10.48

515,256

3.68

820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal

13,122,794

9.03

798,732

5.95

14,963,663

9.98

981,646

820740 - Tools for tapping or threading, and parts thereof, of base metal

10,921,112

7.51

1,246,721

9.28

10,332,475

6.89

820412 - Spanners and wrenches, hand-operated, adjustable, and parts thereof, of base metal

10,664,245

7.34

199,589

1.49

9,804,419

820540 - Screwdrivers, and parts thereof, of base metal

6,871,883

4.73

2,737,600 20.37

820510 - Drilling, threading or tapping tools, and parts thereof, of base metal

4,823,139

3.32

Total

6.6%

10.1% 10.6%

0.56

17.8%

%

Quantity

%

5,992,168

12.17

1,091,808

20.20

22.11 ▼1,820,900

▼5.14

669,877

27.58

1,382,054

9.64

▼33,496

▼6.11

7.01

1,840,869

14.03

182,914

22.91

1,320,037

9.42

▼588,637

▼5.39

73,316

5.89

6.54

329,913

2.36

▼859,826

▼8.07

130,324

65.30

6,914,956

4.61

1,197,995

8.55

43,073

3,448,896

2.30

75,800

0.63 ▼1,539,605 ▼56.24

0.55 ▼1,374,243 ▼28.50

145,471,254 100.00 13,442,769 100.00 150,085,812 100.00 14,018,624 100.00

32.8%

6.9%

75,083

FOB Value (USD)

4,614,558

3.18

717

0.96

575,855

4.29

Interchangeable tools others, and parts thereof, of base metal Hand-operated spanners and wrenches, nonadjustable, and parts, base metal, other Dies for drawing or extruding metal, and parts thereof, of base metal Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal Tools for tapping or threading, and parts thereof, of base metal Hand-operated spanners and wrenches, adjustable, and parts, base metal, other Open-end, box and combination open-end and box wrenches, base metal Screwdrivers, and parts thereof, of base metal Files and rasps including rotary, interchangeable, and parts Drilling, threading or tapping tools and parts thereof, of base metal

Industry Focus >> United States - Export 2020 - Q1 Product HS (6)

FOB Value (USD)

%

2020 - Q2

Quantity

%

FOB Value (USD)

%

2020 - Q3

Quantity

FOB Value (USD)

%

%

2020 - Q4

Quantity

FOB Value (USD)

%

%

Quantity

%

820790 Interchangeable tools others, and parts thereof, of base metal

49,265,495 33.87

5,406,842 40.23

41,970,142 38.15

5,543,938 52.92

44,762,329 36.78

5,565,415 42.97

51,859,466 37.78

6,290,363 44.86

820411 - Spanners and wrenches, handoperated, nonadjustable, and parts thereof, of base metal

35,462,071 24.38

2,429,450 18.08

25,588,005 23.26

1,723,358 16.45

26,346,769 21.65

2,381,305 18.39

30,241,321 22.03

3,225,665 23.01

820720 - Dies for drawing or extruding metal, and parts thereof, of base metal

14,340,515

9.86

548,752

4.09

10,919,287

9.93

376,118

3.59

14,506,742

11.92

432,468

3.34

13,694,392

9.98

494,263

3.53

820420 - Socket wrenches with or without handles, drives and extensions, and parts thereof, of base metal

13,122,794

9.03

798,732

5.95

10,347,235

9.41

649,279

6.20

12,166,951 10.00

783,790

6.06

14,444,616 10.53

1,134,331

8.09

820740 - Tools for tapping or threading, and parts thereof, of base metal

10,921,112

7.51

1,246,721

9.28

7,129,090

6.48

824,189

7.87

7,684,267

6.32

1,233,063

9.52

8,608,029

6.27

937,686

6.69

820412 - Spanners and wrenches, handoperated, adjustable, and parts thereof, of base metal

10,664,245

7.34

199,589

1.49

6,163,044

5.61

152,098

1.46

6,370,829

5.24

167,151

1.30

7,958,769

5.80

343,036

2.45

820540 - Screwdrivers, and parts thereof, of base metal

6,871,883

4.73

2,737,600 20.37

4,795,308

4.36

1,160,863

11.08

5,973,137

4.91

2,309,947 17.84

6,597,758

4.81

820510 - Drilling, threading or tapping tools, and parts thereof, of base metal

4,823,139

3.32

3,105,867

2.83

47,555

0.46

3,892,990

3.20

3,893,897

2.84

Total

145,471,254 100.00

75,083

0.56

13,442,769 100.00 110,017,978 100.00

10,477,398 100.00 121,704,014 100.00

81,619

0.64

12,954,758 100.00 137,298,248 100.00

1,511,245 10.78

86,191

0.62

14,022,780 100.00

United States - Export 2020 - Q1 %

2020 - Q2

Quantity

%

FOB Value (USD)

%

2020 - Q3

Quantity

%

FOB Value (USD)

%

2020 - Q4

Quantity

%

FOB Value (USD)

%

Quantity

%

Canada

36,410,120

25.03

1,650,807

12.29

26,973,084

24.52

1,145,735

10.94

38,948,862

32.01

1,798,664

13.89

43,327,274

31.56

1,643,330

11.72

Mexico

21,410,719

14.72

5,759,475

42.85

14,007,046

12.74

5,369,201

51.25

15,229,117

12.52

5,341,751

41.24

18,281,343

13.32

7,065,012

50.39

United Kingdom

10,138,114

6.97

1,706,190

12.70

6,048,154

5.50

791,576

7.56

7,034,240

5.78

2,009,111

15.51

6,870,841

5.01

973,877

6.95 1.93

Japan

6,840,054

4.71

294,967

2.20

6,768,995

6.16

208,306

1.99

5,665,346

4.66

235,463

1.82

5,695,360

4.15

270,306

Germany

6,366,939

4.38

387,682

2.89

7,186,438

6.54

301,229

2.88

6,410,054

5.27

416,171

3.22

7,432,033

5.42

437,378

3.12

Australia

5,990,468

4.12

202,012

1.51

4,950,606

4.50

182,347

1.75

6,879,048

5.66

270,097

2.09

6,306,883

4.60

262,503

1.88

China

4,499,944

3.10

179,780

1.34

5,617,892

5.11

278,881

2.67

5,251,170

4.32

227,303

1.76

4,793,010

3.50

254,062

1.82

S. Korea

3,401,037

2.34

239,677

1.79

2,446,346

2.23

174,734

1.67

2,287,399

1.88

170,109

1.32

2,275,097

1.66

200,814

1.44

Belgium

2,674,983

1.84

95,432

0.71

1,053,088

0.96

23,436

0.23

1,512,644

1.25

75,327

0.59

1,739,789

1.27

47,772

0.35

France

2,303,120

1.59

37,617

0.28

1,485,028

1.35

22,508

0.22

2,000,695

1.65

41,519

0.33

1,743,644

1.27

38,751

0.28

Total

145,471,254 100.00

13,442,769 100.00 110,017,978 100.00

10,477,398 100.00 121,704,014 100.00

12,954,758 100.00 137,298,248 100.00

14,022,780 100.00

The Future of Hand Tool Trade The U.S. continues to see a rise in the housing market which is largely composed of new construction. With the newly planned residential housing development, the demand for commodities within the hand tools categories is expected to increase exponentially in 2021. It’s promising to see Q1 2021 imports of hand tools to the U.S. increased when compared to Q1 2020 as it’s expected to set the stage for the demand further in 2021. With so many countries ramping up manufacturing and production thanks for the work force becoming vaccinated and returning to full capacity, supply is expected to remain stable in order to fulfill the global demand for hand tools.

Hardware & Fastener Components - no.52/2021

Country of Destination FOB Value (USD)

121

122 Hardware & Fastener Components no.52/2021