ASIAN NEWS Chinwell expects slow first quarter
Quoted in the Malaysian Star, Chinwell Holdings group director, Tsai Chi-yun, said the economic downturn in Europe has been reflected in a slowdown of orders.
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7.7%. The greatest shortfall was in the production of larger cars (>2000cc), which was down nearly half a million units to 1.9 million for the fiscal half year. Domestic car sales were down 24.9%. Export sales fell by 16.7%.
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Japanese joint venture automobile companies in Guangzhou. The 2010 industry gross output value was about RMB250 billion, which accounted for 79% of the whole city automotive industry gross output value. Total car output reached 1,356,300 million units and the motorcycle output was 810,000 units. Wan Qingliang, mayor of Guangzhou indicates that Guangzhou
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car production capacity aims to reach 4.5 million units in 2015 at an annual growth rate of more than 15%. (Source: Fastener World Magazine)
(Source: JAMA)
Guangzhou car output to reach 4.5 million by 2015
After years of development Guangzhou has become the largest car production base in South China, reports Fastener World Magazine.
he vehicle production of the three Japanese giant automakers, Toyota, Nissan and Honda are at the heart of a large auto parts industry cluster in the southern Chinese city. There are reported to be about 140
ustomers were evidently exercising far greater control over their inventories to avoid being overstocked at the year-end, she said. The first quarter of 2012 was, therefore, expected to be slower than the corresponding period in 2011. The report says Chinwell is looking to offset the slowdown by achieving greater penetration into the German construction market, where it already has strong sales and sees a less pronounced slowdown.
Chinwell expects to increase its output to more than 48,000 tonnes this year from 36,000 tonnes in 2010. Europe accounts for approximately 45% of Chinwell sales, with Asia another 25% and the balance going into the Malaysian domestic market.
Japanese vehicle production
down 18.5% in fiscal half year Statistics from the Japan Automobile Manufacturers Association (JAMA) show domestic vehicle production for the period April - September 2011 at 3.9 million units, down 18.5% on the 2010 corresponding period.
he figures show an improvement on the calendar half year comparison which reflected a decline of nearly 30% in output. Production of trucks, excluding small trucks under 660cc, fell by around 6%. Bus production fell by
CSC and Sumitomo JV
in Vietnam Taiwan’s China Steel Corporation and Japan’s Sumitomo Metal Industries Ltd have co-invested US$1.15 billion in a cold-rolled steel complex expected to be built on a 109 hectare site near Ho Chi Minh City.
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xpected to be CSC’s largest overseas business project the production unit will be targeted at the sheet steel requirements of the automotive and home appliance manufacturing sector in South East Asia. CSC will hold
a 51% share, Sumitomo 40%. Trial production is expected to commence in late 2012 or early 2013. (Source: Fastener World Magazine)
Shin Chun installs new machinery
Shin Chun Enterprise Co., Ltd recently installed brand new heading and threading machines to cope with demand for long-size screws.
T T 32 Fastener + Fixing Magazine • Issue 72 November 2011
he Taiwanese based company can now produce screws up to 300mm, with diameters up to 10mm and thread length up to 200mm. Shin Chun also recently received ISO/IEC-17025:2005
for laboratory accreditation. With the company previously receiving certification to ISO-9001:2008, ISO-14001:2004 and ISO/TS-16949:2009.
Taiwan show increases exhibition space The Taiwan International Fastener Show, scheduled for 13th
– 14th will have two halls increasing the number of booth spaces to 400.
AITRA expects a total 250 exhibitors occupying 270 booths in the Kaohsiung Arena and 130 booths in the Hanshin Arena. In 2010 the first fastener show in Taiwan for more than twenty years presented 190 exhibitors to 7,200 domestic and 1,500 overseas visitors.
March 2012,
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