ASIAN NEWS

Taiwan to audit fastener certificates of origin July measures will be introduced to strictly

The International Trade Bureau of the Taiwanese Ministry of Economic Affairs has announced that from 21st

audit the issuance of certificates of origin for fasteners exported to the EU. F T T 36

astener World magazine reports that the new measures are being introduced to prevent fraudulent labeling of Chinese made products as originating in Taiwan. The new measure appears to be a reaction to requests from European distribution organisations and Taiwanese fastener associations for Taiwanese authorities to take concrete action to stem suspected transshipment of Chinese originated fasteners via the country to European

importers seeking to evade EU anti-dumping duties. Both Taiwanese fastener associations have been adamant that their members and legitimate Taiwanese factories are not involved in circumvention. Chinese originated fasteners are believed to have been entering Taiwan illegally under fraudulent TARIC codes before being re-exported to the EU.

U-Chance launches high strength magnesium alloy screws

Using warm forging technology U-Chance has successfully developed a series of magnesium alloy screws, as well as 7075 high strength aluminium alloy screws.

he magnesium alloy screws are warm forged with adjustments made during forming to achieve the temperature needed to shape the alloy, Fastener World Magazine reports. Magnesium alloy screws

are almost one sixth the weight of a conventional steel screw and offer benefits over plastic screws, including resistance to cracking and compatibility with other magnesium components, for example on bicycles. U-Chance aims to promote its capability to the European

aerospace market. China Steel Corporation’s introduction of titanium wire to its range has further facilitated the company’s development of exotic alloy fasteners.

Gem-Year entering Chinese hardware market

Gem-Year told Fastener World it has entered the Chinese domestic hardware market by introducing production of pneumatic tools, power tools and abrasives.

he three year strategy will involve 30% own produced product and 70% factored in from other manufacturers. Gem-Year plans joint ventures with existing Chinese retailers, as well as the potential

to set up its own outlets or franchises with the objective of establishing 1,000 outlets in the first year. Gem-Year says it will also establish an e-commerce platform expected to be operational by end 2015. So far Gem-Year has established contracts with 60 hardware outlets.

Chun Yu targets Chinese high-speed rail

Chun Yu's plants in Taiwan and Dongguan have both acquired certification to supply railroad fasteners to the Chinese market.

power generation plants and Taiwan’s railway and MRT.

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F Fastener + Fixing Magazine • Issue 88 July 2014

China Steel maintains wire prices for July/August

lthough reducing its domestic prices on some steel grades in the face of intense competition from mainland China mills, Taiwan’s China Steel Corporation held its domestic prices for wire rod

and bar for July and August delivery.

Boltun Corporation world’s largest weld nut plant

Boltun manufactures in both Taiwan and China and has an annual capacity for weld nuts of 100,000 tonnes, which equates, the company says, to 9% of the global market requirement.

astener World reports that Boltun has become the largest weld nut maker in the world with annual revenue of TW$11 billion. Major customers include Volkswagen, Ford, Chrysler, GM, and Mercedes-Benz.

Boltun started its business by targeting car OEM markets.

Its weld nuts have evolved from an initial 40 types to over 3,000. The company has extended its cold forging technology into other products including automotive nuts, bolts, screws, shaped pieces, stamped parts, and multi-combination parts. Further recent investments have increased Boltun’s manufacturing capacity and developed its ability to produce large fasteners for wind energy applications, as well as precision de-waxed cast parts and hydraulically formed parts.

hun Yu vice general manager told Fastener World the company now aims to win a share of the fastener demand for China’s high-speed rail programme. Chun Yu already has a track record for supplying prestige projects, as well as