German Automotive Fastener Maker Sets up New Branch in Kaohsiung

German automotive fastener maker HEWI has officially announced its entry into Southern Taiwan Science Park (Kaohsiung) and held the opening ceremony for its Kaohsiung branch.

So far there are around 1,290 fastener companies in Taiwan, among which 600 companies are located in Lujhu and Gangshan District of Kaohsiung. In 2003 Taiwan exported a record high 1.46 million tons of fasteners in total valued at USD 3.84 billion, in which the production value of Gangshan District accounts for 70 percent. This drives peripheral industries to flourish and altogether form a complete conglomerate.

HEWI is the top automotive fastener maker in Germany, and a Tier1 supplier for Volkswagen, BMW, and Mercedes-Benz. Its Kaohsiung branch possesses high-end technology, R&D capability, multiple patents and techniques. Optimistic for Kaohsiung's advantage in the steel industry along with a complete fastener industry conglomerate, HEWI chose Kaohsiung for its new Asia branch hoping to cooperate with local companies at a close range, obtain semi-finished products and process them, package them and then supply them to the vast China market. Additionally, Taiwanese automotive fastener makers can obtain orders from global automotive giants via HEWI, and open up the entry to the global supply chain.