ASIAN NEWS
Taiwan fastener exports up 3 percent in Q3 2011
According to data from Taiwan’s Metal Industries Research and Development Center exports of fasteners rose three percent quarter on quarter to NT$33 billion (848 million euros) in Quarter 3 2011.
countries were Germany, accounting for 10 percent, the Netherlands (6 percent) and the United Kingdom (4 percent). Taiwan exported 396,000 tonnes to the EU as a whole in the first nine months of 2011, representing a 30 percent year on year growth, and slightly exceeding the tonnage shipped to the United States. At NT$77.9/k the 2011 to date average export value per kilo to the EU remains below that achieved pre-crisis in 2008, when the average for the year was NT$84.4/k. Total Taiwanese fastener output for the first nine months of 2011 was worth
T
he United States accounted for 34 percent of the export value. Six percent of exports went to Japan. The main European importing
NT$94.3 billion, up 17 percent on the same period in 2010 - 93 percent of the output, worth NT$87.7 billion, was exported. Full year output is forecast to be
around NT$126 billion representing a 15 percent year on year growth. 2010 output recovered by nearly 45 percent following the economic crisis induced plunge to less than NT$76 billion in 2009. Taiwanese imports of fasteners for the
first 9 months of 2011 were NT$3.3 billion, broadly in line with the figures for 2010. Reporting on ten month data Fastener
World Magazine reported that January to October exports to the United States stood at 386,000 tonnes representing a 5 percent growth. The US share of exports had dropped compared with the same period
2010, which Fastener World suggested could show an improvement in the market diversification of Taiwanese fastener products. Based on the same data Fastener
World Magazine estimates that the average export price of fasteners from Taiwan in 2011 was US$2.78 per kilo compared with US$1.68 per kilo from China. Both countries, it says, saw double digit increases in prices compared with the same period 2010, with China achieving a slightly greater increase in average value. The report expects 2011 fastener exports from Taiwan to reach 1.4 million tonnes while China will reach around 3 million tonnes.
Taiwan stock market listings Camellia Metal, Sumeeko Industries and Sheh Fung Screws list on the Taiwan Emerging Stock Market.
emerging stock market. Camellia Metal, Taiwan’s leading wire processing factory,
F T 32
applied for the listing last October. 2011 full year revenue reached NT$3.892 billion, up 2.64% over 2010. Sheh Fung Screws is a professional manufacturer of wood screws and self-drilling screws. Its 2011 revenue reached NT$1.237 billion, up 14.83% over 2010. Sumeeko Industries, also a fastener factory, focuses on automotive parts, notably for Japanese and US carmaker’s suspension and transmission systems. It also supplies fasteners for agricultural machinery, construction and home appliance industries. According to market analysts, the three companies performed well in terms of their gross profit rates last year. Sumeeko
astener World Magazine reports that, since the end of 2011, three steel related industry companies - Camellia Metal, Sumeeko Industries and Sheh Fung Screws - have successively applied for listing on Taiwan’s
Industries and Sheh Feng Screws’ gross profit rates exceeded 15% and are expected to continue growing because of their development of niche products. Previously Fastener World had reported on the nine month
performance of other listed Taiwanese fastener companies. San Shing Fastech achieved nine month 2011 sales of
NT$4.7 billion, reflecting year on year growth of more than 42 percent. Chun Yu sales for the same period were NT$3.5 billion and 33 percent year on year growth. Tycoons Group reported 18 percent growth to achieve sales of sales at just over NT$1.9 billion. Stainless steel specialists Rodex came in slightly lower at NT$1.8 billion, reporting a sales fall year on year of 5.6 percent. QST International nine month sales were NT$1.7 billion, with growth slightly above 4 percent. Sheh Kai reported sales at NT$671 million and 21 percent growth.
Fastener Trade Show goes west in May The 7th
– 26th
Fastener Trade Show organised by
ChinaFastener.info heads for Sichuan Province in May.
he show will be staged at the Chengdu Century City New International Convention Centre, Chengdu, Sichuan Province, 25th
May. Heralded as “New West, New Opportunity, New Transformation” the event represents a significant
development for the fastener industry in China, as the first professionally organised fastener exhibition to be held in the west of the country. Previous
ChinaFastener.info events have been in Guangzhou in the south, or Hangzhou and Suzhou
in the fastener production regions inland from Shanghai. The format for the Chengdu show follows a now familiar but seemingly successful formula, incorporating the trade show, a
forum, technical seminars, an award ceremony and networking events. The organisers say they are planning for 400 exhibitors, although at this stage an exhibitor list has not been published, and are expecting 12,000 visitors.
ChinaFastener.info has also announced that the Fastener Trade Show will return to the Suzhou International Expo Center for its eight edition, 1st
– 2nd November 2012. Fastener + Fixing Magazine • Issue 74 March 2012
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