ASIAN NEWS Taiwan export orders to U.S. expected to grow
In light of the economic recovery shown in the U.S., industry insiders consider that though the U.S. construction industry still needs to be improved, the future fastener demand is optimistic due to the reduction in the unemployment rate and the growth of consumer confidence.
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aiwan industry insiders indicate, the overall export orders have grown, and the orders of small screws have recovered after a nine-month decline. It is reported that the present Taiwan export orders of small screws are at US$1.37/kg. The insiders comment, if the small screws exports to Europe can further bottom out, the overall performance of small screws exports will have a better performance due to the growth of the export orders from the U.S.
Gem-Year wins railway contracts Gem-Year Industrial Co Ltd announced it had won the fastener contract for the Huang Han Hou railway estimated to be worth RMB 36 million (4.6 million euros).
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hinaFastener.com also reports Gem-Year winning bids to supply fasteners for underground circle line in Tiajan, worth around 0.75 million euros and a coastal rail expansion being carried out by Nanning Railway Bureau, estimated to be worth 3.3 million euros. Gem-Year’s railway fastener business was hit hard by the slow growth rate in rail
construction in China during 2011 following the high speed train accident.
Chinese fastener exports grow 13 percent in 2011
Fastener World reports the fastener export volume of China in 2011 totalled 3.56 million tonnes, up 13.4 percent over 2010, with an average export unit price of US$1.691/kg, up 15.78 percent.
otal export value was estimated at US$6.02 billion (4.9 billion euros), up 31.29 percent. The largest export market was the United States accounting for more than 670,000 tonnes, a year on year growth of more than 10 percent. The U.S. represented 18.7 percent of total exports, followed by Russia, which saw a 27 percent growth to more than 220,000 tonnes or 6.2 percent of exports. The highest rate of export growth was to Thailand, to which exports virtually doubled to 75,400 tonnes. Exports to
Indonesia increased 63 percent to 73,300 tonnes. Exports to Turkey increased 46 percent to 78,900 tonnes. Chinese exports to India and to Saudi Arabia both increased by around 28 percent to more than 80,000 tonnes each. Exports to Germany in 2011 were less than 100,000 tonnnes while the exports to the UK and Italy were only 60,000 tonnes. Only export volume to the UK increased year on year by around 6 percent.
500 exhibitors at Shanghai Fastener Show
Chinafastener.com reports that 500 companies occupied more than 950 booth spaces at the 2012 Fastener Expo Shanghai and 3rd Auto Fastener Exhibition.
Shanghai
Fair Stuttgart and the National Industrial Fastener & Mill Supply Expo, Las Vegas. The Shanghai show is organised for the Chinese Fastener Industry Association and this year’s show was promoted as being the government approved fastener exhibition in China.
T 30 Fastener + Fixing Magazine • Issue 76 July 2012 he show opened from 6th - 8th June on three levels at
the Shanghai Everbright Exhibition Center. Organisers claim the show to be the largest fastener exhibition in China and the third largest in the world after Fastener
ASEAN top three account for 90 percent of car sales
Among the seven ASEAN countries, during the period 2007 to 2011, Thailand, Indonesia and Malaysia were clearly the biggest car markets.
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he annual automotive sales volume in both 2010 and 2011 for each of these countries outpaced 600,000 units, reports Fastener World. Annual sales in the Philippines were around 150,000 units and in Vietnam around
110,000 units. Annual sales volumes for both Singapore and Brunei were less than 60,000 units. The total automotive market scale of the ASEAN region increased from 1.9 million units in 2007 to 2.6 million units in 2011. From 2007 to 2009, the total sales volume of Thailand, Indonesia and Malaysia accounted for between 82 and 83 percent of the total ASEAN region. In 2010, this proportion had risen to 86.3% and in 2011 to 88.2%.
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