Affected by the U.S-China trade war, the Fastener industry in Taiwan has declined while the first three quarters has reached to over 1.19 megaton with a 5.25% decrease this year, equaling to 105.6 billion. It declines for the first time in three years. According to Taiwan Industrial Fastener Institute (TIFI)’s statistics, the volume of exporting fastener marked at twelve thousands of tons with...

Poised as the leading trade hub for 'Made in Taiwan' hardware produced for international markets, the Taiwan Hardware Show (THS) gains new heights for its 19th edition this year. Presenting Taiwan's valued capabilities in producing top-grade hardware tools and high-value products with competitive prices sought by worldwide industry players and trade buyers, the exhibition brings together the coun...

All professional Mfg. Co., Ltd. Chairman Huang Sin-der was elected of the 15th Chairman of the Taiwan Hand Tools Industry Association (THTMA). THTMA which is closely connected to Taiwan's hand tool industry held the 15th General Assembly and the election of the board of directors and Chairman. Huang Sin-der is the 15th Chairman and vice-Chairman is Maxclaw's General Manager Huang Wu-sun. Huang...

China Steel Corporation’s bar and rod's price tended to be unchanged. The cost structure of major fastener factory Chunyu, Tycons and Sanshing tended to be stable and poised to gear up next year after going through the low season in the fourth quarter.CSC expressed that they will make the best pricing strategy according to the market condition to assist the exports. Tsai, Tu-chin pointed out t...

At least 70% of Taiwan’s hand tools industry is concentrated in Taichung and Changhua, according to a Ministry of Economic Affairs Department of Statistics report. Hand tools are the primary tools used for inspection, repair, assembly and disassembly, coming in non-powered and powered options. Most screws, nuts, files, wrenches and cutting tools are all categorized as non-powered hand tools, whil...

In response to upgrading Taiwan’s hand tools industry and localizing services to the industry chains, China Steel Corporation (CSC), Taiwan Hand Tool Manufacturers' Association (THTMA) , Metal Industries R&D Center (MIRDC), and Corporate Synergy Development Center (CSD) have jointly established the research and testing center for hand tools in Taichung Industrial Park at the opening ceremony on M...

The U.S.-China trade war has restructured the global supply chain, giving Taiwanese firms in Southeast Asia the advantage for expanding their production capacity to direct business orders away from China. As the largest fastener supplier in Malaysia, Chin Well Holdings Berhad, the investment holding company mainly focused on domestic sales, and partly exported to Europe. However, under the ten...

In 2017, the value of Taiwan machinery first surpassed the NT$1 trillion mark at NT$1.1 trillion. The export value of Taiwan’s machinery industry in 2018 amounted to US$27 .4 billion, exporting towards the island’s top three destinations: China, the U.S, and Japan. On the other hand, the production value reached a record high of NT$1.18 trillion, representing a 7.3%. This year, the Taiwan Assoc...

Dingfanpo in Changhua County of Central Taiwan is a globally well-known town, roughly 6 square kilometers, yet creating over 60 billion value, and raising many generations of locals. Under the impact of globalization, the labor-intensive plumbing industry began to move its factories overseas. Left behind are the second-generation of children who were raised under the glory days of the plumbing bu...

With the trade war tension between China and the United States escalating, the economy of manufacture industry has been sluggish in May again. U.S. manufacturing activity growth is at its slowest since U.S. President Donald Trump was elected. On the other hand, the European Union Euro Zone has shrunk harshly, raising investors’ concern with global economic recession and further aggravating the pr...