Taiwan has overcome the Deck Screws Manufacturers in 2009 and the plating crisis in 2014.Compared with other industries, the fastener export performance by Taiwan was still acceptable.
Taiwan has one of the largest global fastener clusters, which includes companies focused on every aspect of the fastener process, including materials, drawing, forming, machining, heat treatment, surface treatment and inspection. Overall we can hold optimistic views of the future trends of the industry.
Taiwan’s manufacturers should focus on developing higher value added products for industries such as automotive, aerospace, medical and motorcycle.”.
During the same time, Taiwan’s business increased by 60%. It is important that as an industry we take the next step in our development. To add to this Taiwan’s fastener industry also has a vast R&D capability, as well as first-class quality control systems.” How do you see the future of the fastener market?
“Taiwan’s fastener industry felt the impact of the global economic downturn in the second half of 2015. The main advantage for Chinese fastener manufacturers is the low cost of raw materials in China.