ASIAN NEWS 2012 Fastener Expo Shanghai in June
The 2012 Fastener Expo Shanghai and Third Shanghai Auto Fastener Exhibition take place 6th
– 8th
This compares with 473 companies in 2011 and 346 in 2010. The show reported 11,718 visitors in 2010, 31 percent from the local Yangtze River Delta area, 56 percent from elsewhere in China. 1,242 foreign visitors were recorded. Projecting the significance of the event to fastener businesses
T
outside of China, the organisers say that China imported US$2.9 billion in fastener products during 2011, a nine percent increase over the previous year. The import figure is expected to increase to US$3.3 billion in 2012 as automotive and aviation sectors particularly “grow by leaps and bounds” driving demand for high-end fastener products. Domestic fastener manufacturing is expected to reach 6.8 million
tonnes in 2012 employing some 300,000 people. Shanghai Ebseek emphasises that more than 60 percent of fastener production in China is now in the hands of private enterprises, with foreign
IMF forecasts 5.5 percent Thai growth
The International Monetary Fund released its 2012 economic growth forecast, indicating that the Thailand economy could be expected to expand by 5.5 percent in 2012.
T
he IMF expected 2013 growth to reach 7.5 percent rebounding strongly from the impact of the floods in 2011. It estimated that the floods would have taken 3.7 percentage points off the Thai gross domestic product
growth last year. The IMF supported the Thai government’s accommodating
monetary policy and fiscal stimulus plans as an appropriate response to the effect of the floods. It also supported plans to improve the country’s flood prevention system but said Thailand needed to boost investment and improve productivity to ensure it sustained the growth, which with global growth in 2012 expected to be around 3.3 percent needed to be driven by domestic demand.
Imports outweigh
Indian fastener exports Statistics from the Indian Department of Commerce indicate that fastener imports during fiscal 2010-11 were up 28 percent at US$370 million. Fastener exports for the same year grew by 40.5 percent to US$251 million.
30 June at the Shanghai Everbright Exhibition Center.
he event is organised by Shanghai Ebseek Exhibition Co Ltd in conjunction with the Chinese Fastener Industry Association. The organisers project 510 exhibitors will occupy 1,080 nine square metre booths at the 2012 event.
investment accounting for a further 19 percent. State-owned enterprises are said to represent under 5 percent of the total. The 2012 expo is staged on three floors. 90 booths on the
first floor are already booked, including 11 overseas exhibitors. This floor is dedicated to production machinery and tooling. The second floor will focus on automotive fasteners and will accommodate 160 exhibitors including a new pavilion from the Jiashan (Zhejiang province) Fastener Industry Association, which will include 22 companies. The top floor will feature 260 “famous brand fasteners and export oriented factories” including 35 companies in a new Haiyan Fastener Industry Association pavilion. Shanghai Ebseek repeatedly emphasises that the show is the
only international event approved by the Chinese Government, and says as a result it can guarantee the protection of exhibitors’ brands and intellectual property rights as well as facilitating customs procedures for exhibits. The Ebseek Group in Shanghai and Guangzhou owns the
Chinafastener.com website, magazine and trading platform.
CSC holds bar and wire rod prices for April/May
Taiwan’s China Steel Corporation on 21st A T Fastener + Fixing Magazine • Issue 74 March 2012 February
announced it would not increase its domestic prices for steel bars and rods for April and May delivery.
cross all steel grades China Steel applied a 1.11 percent average price increase. The company said it saw stronger world steel prices, largely due to successful production cut strategies during Q4 2011
and seasonal demand for restocking. It noted that most Chinese tier 1 mills had increased prices for March shipments and prices from Japanese and Korean mills also continued to increase. CSC was curtailing increases despite these factors to support
Taiwanese downstream producers still facing the risks of global economic uncertainty and the impact of appreciation of the NT dollar.
Jinn Her invests NT$10 billion
Jinn Her Enterprise Co Ltd completed a NT$10 billion investment programme in 2011 and, Fastener World reports, was seeking a location for a new fastener distribution centre in North Kaoshiung.
he company was reported to be seeking local and central government support to purchasing land from the Taiwan Sugar Corporation in Alian District.
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