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ASIAN NEWS Sheh Kai new


bimetal line Sheh Kai’s new bimetal production line will be in full production during Quarter 3, increasing the company’s monthly output from 15 to 20 million screws.


O T


utput of compound bolts will more than triple to 1 million per month. Sheh Kai annual revenue last year was NT$750 million with a net profit of


NT$110 million. Source: Fastener World


Right Tight expands manufacturing capacity


Established in 1979, Right Tight Fasteners PVT Ltd (RTF), based in Nashik, India, has gained a reputation in the industrial sector for supplying fasteners and customised products for a wide range of critical applications in the automotive, agricultural, heavy engineering, chemical, and military sectors.


R


TF is ISO/TS 16949:2009 certified and has facilities covering 25,000m2 across five locations. The company has recently undergone an expansion programme to expand its bolt manufacturing capacity to approximately 10,000 metric tonnes in the size range of M5 - M22.


RTF is also able to offer heat treatment, zinc plating, zinc aluminium flake


coating facilities, bolt formers and secondary operation machines. “Our aim for the future is to cover a wider market with a focus on high quality, innovative products and excellent service.”


Indian automotive demand hit by anti-inflation policies Japanese fastener


The Society of Indian Automobile Manufacturers announced domestic vehicle sales fell by 16% in July - the first fall in three years.


he slowdown is blamed on rising fuel costs and the Indian central bank’s tough anti-inflationary policies. Benchmark interest rates rose to 8% in July, the eleventh increase in less than two years. India has downgraded its growth forecast for fiscal year 2011-12 from 9% to 8.2%.


New high-end fastener base in Xinyang


Chinese Aerospace Science and Industry Corporation (CASIC) has signed a strategic cooperation with Henan Aerospace Precision Machining Co Ltd to establish a high technology fastener manufacturing base in Xinyang, China.


H T


enan is reported to have invested RMB 230 million (25 million euros) in a first phase of Xinyang Industrial City, to produce up to 80 million titanium alloy fasteners annually. Henan plans further investment in aviation and aerospace fastener production over the coming five years


targeted at supplying military and international aviation sectors with up to 200 million units annually.


Shanghai Prime bidding for Shanghai High Strength Bolting Co., Ltd


Shanghai Prime Machinery Company Limited announced it will bid for equity in Shanghai High Strength Bolting Co.,Ltd and Shanghai Fastener & Welding Material Technology Research Centre.


he proposed sale of 100% equity in the two companies was announced by Shanghai Electric (Group) Corporation, which is itself a substantial shareholder in Shanghai Prime. Shanghai High Strength Bolting Co., Ltd engages in the manufacture of high strength fasteners and is one of the


largest Chinese manufacturers of high strength steel fasteners for steel structures. Shanghai Fastener & Welding Material Technology Research Centre engages in research and development in innovative fastener technology, product and equipment and conducting fastener quality testing. Shanghai Prime says if it succeeds in the acquisition it will strengthen its domestic and international fastener business.


34 Fastener + Fixing Magazine • Issue 71 September 2011


exports fall


Overall volumes of fastener exports from Japan fell 3.5% to 150,791 tonnes in the first half of 2011. Fastener exports by value fell 4.19% to 119.6 billion Yen (approximately 1.1 billion euros).


D


ata from Kinzoku Sangyo Simbunsha Press published by ChinaFastener.info shows the largest export category of other


iron and steel bolts fell 4.6% to 86,334 tonnes, a 4.66% reduction in value to 51.7 billion Yen. Exports of stainless steel bolts fell marginally by volume to 1,511 tonnes but declined 6% in value to 2.1 billion Yen. Exports of screws grew 13% by volume


to 9,500 tonnes but export value fell by 3.7% to 14.4 billion Yen. Self tapping screws saw the largest fall in volume at 13.65% to 4,867 tonnes worth 4.29 billion Yen, a 19% decline. A number of lower volume categories, including stainless steel nuts, spring and other washers, pins and rivets saw volume increases although export value in most cases fell marginally or grew by only a small amount. The figures suggest that the impact


of the earthquake disaster on Japanese fastener production was not widespread.


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