Anchor T.H. Chang: Foster Industry Harmony for the Peak of Fastener Industry

Taiwanese fastener industry plays an important role in the global market. Around 90% of its domestic fasteners are sold abroad. In 2014, Taiwan exported around 1.6 million tons of fasteners, and the total production value was USD 4.56 billion (NTD 145), up over 10% from the previous year. Taiwan's fastener export volume is only second to China, and it's total production value takes the fifth place in the world. Fastener is an important industry for Taiwan's foreign exchange earnings.

"In the future we will actively foster information exchange between members and develop new world market for the sake of Taiwan Fastener Kingdom," says Anchor T.H. Chang, the new (17th) chairman of 45-year Taiwan Industrial Fasteners Institute (TIFI). With the good quality of Taiwanese fastener industry, he thinks members knowledge exchange and comprehensive business deployment will enable the industry to compete in the world.

He adds, "Formerly, Taiwanese fastener industry mostly focused on applications in construction engineering, and few companies turned their focus to automotive fasteners. However, automotive fasteners are the most predominant in the world market." Japan and South Korea have well-developed automotive industries with 15% of fasteners sold abroad and 85% sold domestically (of which automotive fasteners alone account for 75%). Fastener demand in Europe and the U.S. are even higher. Entry into the global market requires strategies.  He suggests the industry focus on upgrade in the mid term, and focus on transformation in the long term.  Whichever focus it is, the key lies in the corporate leader's vision and ambition. Business attitude determines the company's social position, and business scale determines the outcome.

Anchor Fasteners Industrial. Co., Ltd, led by Anchor T.H. Chang, specializes in special riveting fasteners that replaces welded blind nuts and blind nuts. It is the top supplier of special riveting fasteners in the world. As the leader in this field, he keeps thinking about innovation and transformation. In 2008 he established Alliance Global Technology (AGT) specialized in R&D and production of dental implant. This new business did not bring him profit until after 7 years. This year AGT is seeing profits. Last year AGT produced 50 thousand units of dental implant. This year AGT expects to sell over 100 thousand units with increased capacity and revenue.