Hold Rich Establishes Firm Presence in the Auto Part & Fastener Markets

Hold Rich Establishes Firm Presence in the Auto Part & Fastener Markets

Improved Capacity of Overseas Plants to Grasp Business Opportunity in China and Vietnam

 by Tanya Shih, Fastener World Inc.

Hold Rich International Co., Ltd was co-founded by two men with the same aspiration. When lots of Taiwanese fastener enterprises were established in the 90s, two men working in automotive/motorcycle fastener plants and having the common goal founded Hold Rich. It seems that they started their own business late, however, owing to the experience and insight of the President and General Manager, two Vietnam-based automotive/motorcycle fastener plants were respectively established in 1998 and 2002 and have been both well integrated with the headquarters located in Bade, Taoyuan (Taiwan). Hold Rich has taken an important position in the auto part & fastener markets. Its products including various standard and customized screws, nuts, washers, and pins for engine, chassis, and braking systems applications are sold to car manufacturers, assembly plants, and other end consumers.

The Trustworthy Company Admired by Leading Brands

Taiwan-based Hold Rich, China-based Chung Shan Zheng Chic Motor Metal Plastic Factory, and Vietnam-based ChienTa Bolt Co., Ltd are all ISO/TS 16949 certified. Their scrupulous attitude makes Hold Rich a trustworthy company that has been well received by customers. For instance, the Vietnam-based plant was established in response to Sanyang Motor’s suggestion, and the plant has now also become a supplier for Yamaha and Panasonic. The China-based plant has been certified by Honda Japan, Suzuki, and PGO as their supplier. Hold Rich is also authorized to develop fastener accessories for Volvo cars and supply products to Honda India.

Sustainability of the cooperation can be attributed to Hold Rich’s putting safety of products as its core value. The company says, “In terms of product quality, you must understand clients’ needs in the first place before you can make the product as per customer’s request. As far as clients are concerned, these may just be small parts used in their products and they may not understand the importance and safety in applications very well, so more often than not we have to guide clients with our expertise to get their complete trust in us.”

Besides quality, material is a top priority. Hold Rich adopts wire rods from China Steel Corporation or Sumitomo owing to their quality stability and reliability. All procedures from mold design to production, processing and finishing are completed in professional plants. No matter it is in the procedure of R&D or mass production, each process are subject to irregular check and adjustment. Hold Rich believes that this is the best quality guarantee for car manufacturers and users.

Ambition with Expectations to Overseas Markets

In contrast to the increasingly saturated Taiwanese domestic market, its China- and Vietnam-based plants can both benefit from the growing local markets. As a result, Hold Rich will continue to expand its plants and purchase screws, nuts, and full-inspection equipment from Taiwan, and will also plan to invest in purchasing equipment for electroplating and heat treatment plants. With these 3 well-organized plants, Hold Rich can again grasp business opportunity in the global auto part and fastener markets.