Investors are looking into industrial metals, such as copper and nickel, as the COVID-19 vaccine news and the government's stimulus plans have prompted renewed confidence in the manufacturing industry. The vaccine news and U.S. President-elect Joe Biden's win have smoothed out investors' concerns and would serve to bolster the economy. China's increasing procurement of metal products have ...

Taiwan's fasteners have long been the top contributors to the island's exports, renowned globally as a prominent manufacturer. Last year, this island shipped out fasteners valued at USD$4.31 billion, just behind China, Germany, and the U.S. In terms of outbound volume, Taiwan ranks second place worldwide. The local industry here has gained its sterling reputation with their prompt delivery, excel...

The current global supply chain trends would move towards safety-orientation over profits, National Taiwan University Honorary Professor Chen Po-chih said. Chen's remarks come before the "Economic Investment Outlook Seminar" on Dec. 17, hosted by the Economic Daily News, where he is slated as among the keynote speakers. The forum will invite domestic and foreign academics and speakers to analy...

With its moniker of the “Hand Tools Kingdom,” Taiwan has continued to ride on a robust competitive outbound performance. From focusing on OEM, the hardware industry is now venturing into R&D and developing brand awareness. The sector is also more likely to deal with orders in a group than the past’s individualistic approach. While the rest of the world continued to grapple with the COVID-19 outbr...

Since July, global trade volume continues to rebound, signaling economies' restarting in a bid to make up the worldwide lockdown this spring due to the pandemic. In a report released by the CPB Netherlands Bureau for Economic Policy Analysis, the CPB World Trade Monitor in July grew 4.8% compared to June, the largest increase since the bureau began compiling statistics in 2000. This is slightl...

The COVID-19 pandemic impact on the world's supply chain has renewed putting more value into the manufacturing industry in Taiwan, industry experts said at the Industry Summit Seminar hosted by the Economic Daily News on Wednesday. The collective agreement among industry experts sitting on the "Key Strategies in Intelligizing Production Chains" panel was that Taiwan's manufacturing sector shou...

■ Kuo Fang-lin Global Hardware Industry Trends According to market research and advisory company TechNavio’s data, the global hand tools market is slated to expand to USD$125.5 billion in market value by 2022. Moreover, North American and European markets make up over half of that market value. These two markets are no doubt, the world’s biggest export and importers of hand tools thanks to ...

Due to the COVID-19 pandemic sweeping the globe, most of the international hardware shows slated for this year has been moved to 2021. However, as Taiwan’s efforts combating the new virus has proven to be successful, the 2020 Taiwan Hardware Show (THS) will continue as scheduled, beginning on Oct. 13 and ending on the 15th at the Taichung International Exhibition Center, thus becoming the only sh...

Taiwan's hand tool manufacturing industry ranked first in the world in terms of export value for 5 consecutive years from 1998 to 2002. In 2019, the export value reached as much as 3.7 billion USD. According to the international institution, Markets and Markets, the global electric tool market is estimated to grow from 31.8 billion USD in 2019 to 41.7 billion USD by 2024; a compound annual growth...

Brazil’s new crown pneumonia epidemic has rapidly increased. Brazil’s Vale, the world’s largest iron ore producer, is facing an out-of-control impact. The market is worried that iron ore production and sales will be affected. new highs. Experts from Sinosteel (2002) evaluated that steel prices will rise steadily under the effect of rising costs, with a promising outlook. According to a legal p...