As the rapid economic development of ASEAN ( Association of Southeast Asian Nations) market has brought large market demands for fasteners used in industries of vehicle, machine and architecture, Taiwan External Trade Development Council (TAITRA), a non-profit government co-sponsored trade promotion organization in Taiwan, held an information session to promote the 2018 Taiwan International Fast...

The development of Taiwan’s first smart manufacturing demo site, jointly developed by Taichung City Government, Industrial Technology Institute of Taiwan (ITRI), and Ministry of Economic Affairs (MOEA), was officially kicked-off on Aug 31st in Taichung, with an aim to turn the central metropolis of the island into a model city of smart manufacturing. The smart manufacturing site, situated in T...

To help local fastener makers cope with intensifying rivalry from Chinese underselling competitors over the global market, the Taiwanese government recently announced the so-called “NICE” program, to invest over NT$300 million (US$9.52 million) to further upgrade the industry in the years to come. Deputy Director-General Leu Jang-hwa of Industrial Development Bureau under Ministry of Economic ...

With a history of more than half a century, fastener production is today one of Taiwan’s most globally competitive industries in the southern region. This achievement is attributable to insiders’ efforts on moving forwards high value-added fasteners for higher-end applications, including cars, aircrafts, medical supplies and implants, wind turbines, and many others, hence seeing a gradual uptrend...

Although lacking sufficient natural resources, Taiwan, however, is today an important part of global industry and supplies various industrial parts with reliable quality and competitive prices as a trustworthy source for professional buyers from sectors of cars, machinery, construction, vessels, 3C products and so forth, hence evolving into a export-driven developed economy. Taiwan’s phenomena...

With aging population increasingly a problem that forces global governments to revive and reform domestic medical systems to ensure sustainable economic and social development, the international market for medical alloys and related products shows great growth potential, and is gradually opening to small and medium-sized players, according to Metal Industries Research & Development Centre (MIRDC)...

On the payoff of its efforts to continue going upmarket, Chun Yu Works & Co., Ltd., one of Taiwan’s major fastener makers and listed on the Taiwan Stock Exchange, effectively keeps in comparatively fine shape among its local peers amid market changes seen lately. After upbeat performance seen in 2014 through the first half of 2015, Taiwan’s fastener industry has been confronted with growing im...

The Metal Industries Research & Development Centre (MIRDC), a Taiwanese government-funded R&D institute, has been honored as a winner of Japan’s Good Design Award 2015 for its Dental Surgical Template, which was lavished with praise amid the participants at the awards ceremony held in November, 2015. Defeating over 3,600 contending inventions, the Dental Surgical Template won primarily for exc...

Amid optimism towards recovery of the global steel market, Taiwan-based China Steel Corp. (CSC), the island’s largest steelmaker by size, is widely expected by market observers to raise its nominal prices of domestically-sold steel for Q4 on August 26, when the firm will announce new prices. The reported expectation for higher steel prices to be charged by CSC in Q4 than in Q3 makes sense, giv...

Impacted by steadily shrinking exports and local economy battered by a slowing Chinese economy, recent upheavals in the Chinese stock market, dropping oil and commodity prices, Taiwan’s industrial production index (IPI) continuously dropped by 1.35 percent year-on-year (YoY) to 106.42 in June, albeit having inched up only 0.02 percent over May, according to the latest report issued by the Ministr...