ASIAN NEWS Cracking surface flaws
Fastener sorting machine manufacturer Ching Chang Optical Technology Co Ltd has debuted its patented technology ‘Head Open Crack Expert Sorter’ aimed at detecting surface flaw problems.
A
international environment” resulting in fastener exports being confronted with decreases in both price and volumes, making company operation become more difficult. With ongoing uncertainties in global economic recovery, the EU still not recovered from the debt crisis, and the EU with the USA
T
China’s major fastener export markets,
Chinafastener.com says “some industrial insiders expressed that the export situation for China’s fastener industry was quite not optimistic” with most export-oriented fastener companies operating in the red. In order to help the fastener enterprises to tide over the difficult period, CMIF suggested returning to the 13% rebate level. Source: Chinafastener
FinnvedenBulten grows lightweight business
Finnveden Metal Structures has signed an agreement with Beijing Hainachuan Automotive Parts Co Ltd (BHAP) and Amgain Shandong Magnesium Co Ltd (Amgain) to form a joint venture for manufacturing of lightweight die casted components in China.
with a 40% ownership. The other owners - BHAP, owned by Beijing Automotive Industry Holding Co Ltd, BAIC, and Amgain will respectively invest CNY 33 million. Subject to final FinvedenBulten board approval, the group will establish its second operation and production facility in the expanding Chinese market.
F 38
An up and running new die casting factory located in Heze City, in the Shandong Province will create an “excellent platform for the joint venture company with a significant growth potential with customers within the automotive industry, but also within industries such as high speed trains and telecom.” Simultaneously, Finnveden Metal Structures has received a
significant order for delivery of die-cast magnesium components to a European automotive manufacturer worth approaching 100 million euros over its ten-year duration. Manufacturing will start in 2015 at the group’s foundry in Bielsko-Biala, Poland, but later on “production will also be extended to take place in China.”
innvedenBulten’s division Finnveden Metal Structures will, through a total investment of approximately CNY 44 million (approximately 5.4 million euros), become the largest shareholder in the joint venture
.com
Chun Zu looks for long-term capital
Taiwanese fastener manufacturing machinery specialist Chun Zu Machinery Industry Co successfully registered on to the electric machines stock category of the Taiwan emerging stock market in December.
T Fastener + Fixing Magazine • Issue 79 January 2013
he company’s paid-in capital is NT$ 603 million (approximately 16 million euros). Chun Yu Group holds 50.95% of Chun Zu shares. Established in 1974 the company specialises in
fastener forming machinery, which it exports to more than 40 countries. 83% of revenue comes from machinery, 8.95% from tooling and 7.91% from service. For the first half of 2012 Chun Zu revenue totalled NT$ 472 million (approx 12.5 million euros). 2011 full year revenue was NT$ 910 million. In order to enhance its market competence and differentiate
itself from other Taiwanese producers and China’s low-price machine strategy, Chun Zu is moving towards more sophisticated and higher additional value products. Short term it plans to strengthen its aftermarket service and establish branches in emerging markets. Longer run it will continue to seek to win European and American business to obtain higher profits. In registering as emerging stock Chun Zu hopes to get long-term capital to strengthen and further expand its business.
ccording to the company, ‘head open cracks’ on fasteners cannot be 100% detected by the top view or side view of a sorting camera, sometimes resulting in customer complaints or product rejection. The company’s new technology is targeted at solving the problem of surface flaws on fasteners and especially side cracks. The company has adopted eight frequency eddy current technology from Germany to overcome the inability to test hardness and materials using a single frequency. Ching Chang has been developing and manufacturing testing and inspection equipment for 20 years earning it the title of the largest and world-renowned sorting machine manufacturer in Taiwan.
Source: Fastener World Magazine Request for Chinese export rebate to increase
As China’s fastener industry was confronted by a difficult situation, the China Machinery Industry Federation has proposed to the government that the export rebate rate for the fastener industry should be raised.
he proposal was tabled at a symposium held by China’s Ministry of Industry to analyse industrial operations during the first three quarters of 2012. China lowered the export rebate rate of fastener industry from 13% to 5% on 1st
operational costs keep rising, further compressing an already slender profit margin. The report also notes “changes in the July 2007. However, says
Chinafastener.com,
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180