Taiwanese Fastener Industry is Looking to Raise Overseas Sales by 10%

According to Taiwan Industrial Fastener Institute (TIFI) chairman Anchor T.H. Chang, last year Taiwan's fastener export set new records in volume and monetary terms. He is optimistic about the business opportunities in Fastener Fair Stuttgart 2015, and hopes to increase Taiwan's fastener export volume and value by 5%-10% this year for a new record. To help the industry expand market shares in Europe, Kaohsiung City government, TIFI, and TAITRA held a press conference announcing attendance in Fastener Fair Stuttgart 2015 (March 10th-12th).

The government says Taiwan has become the second largest fastener exporting country, hoping that industry players cooperate with the Metals Industry Research and Development Center (MIRDC) to elevate R&D ability to produce fasteners of higher unit price and increase profit. Anchor T.H. Chang indicates, last year Taiwan exported 1.6 million tons of fasteners, only second to China, but Taiwan exported at an average unit price of USD 2.67/kg, higher than China's USD 1.66/kg. Therefore Taiwan's fastener export value last year reached a new record of USD 4.26 billion. He hopes to increase that value by at least 5% this year with the industry proactively expanding overseas market shares.