The Successful & Industry Leading Fastener Trader- ABS Metal Industry Co., Ltd.

ABS Metal Industry Co., Ltd. is a professional exporter. 90% Most of its products line are screws, and special parts take the largest proportion. ABS is also considering expanding its business to more new products. The proportions of its sales volumes and sales values are respectively 65% and 50% for construction screws and 35% and 50% for automotive screws. 100% of its products are for export (especially to Europe and USA). It will also consider expanding business to Mexico and Turkey, where many car manufacturers are located. Although the local political situation is not stable and the exchange rate continues to fluctuate a lot, they are still very potential markets. 

Keeping Good Quality Control and Become Customers’ Best Business Partner 

President Arthur Chiang has been dedicated to the fastener industry for more than 30 years. With his previous experience as a salesperson and 2 years of working experience in a factory, he is able to offer a comprehensive range of services and discuss with factories immediately when necessary.  

ABS usually offers high quality Taiwanese products to its customers and few of its products are purchased from other countries. When asked why ABS products are mostly made in Taiwan, President Chiang said, “The products made in Taiwan are known for high quality and such high quality products do not always mean high prices. As a result, ABS can offer customers the most suitable fasteners at the most reasonable prices. In order to maintain good quality and make the discussion with partnered companies more efficient, ABS never considers purchasing from China or other countries.

The success of ABS is not only attributed to its strategy of vertical integration, but also customers trust in the company who always believe traders can help them deal with any nuisance. Moreover, ABS has established mutual trust with its partnered factories and will not easily switch orders to other factories. It also holds an open attitude toward negotiation at any time. ABS has been certified to ISO 9001:2015, which is a quality management system focused on the management of knowledge economy. Only when relevant industrial knowledge is applied to the work and a wealth of knowledge is obtained can we truly understand what customers need.

The Economic Performance is Closely Related to Politics  

The current economic performance of Taiwanese fastener industry is not very good and the new proposals and governmental policies have resulted in a stagnant economic environment in Taiwan. Taiwan is an island country, so it should focus on export and going international is also a must. For example, the new law enforcement for much limited working hours in Taiwan should become more flexible, so that every company or worker can have a clear direction of what they should do.  

In the following months of 2017, it seems that the economic performance will be moderate. In addition to US President Trump’s various new policies, the unstable politics in Europe, the election of Der Deutsche Bundestag, French President Election and the election in Netherlands will more or less cause impact on the EU. Politics and economics are closely related, so investors usually tend to hesitate before making any key decision during the unstable period. If the economy is going to get better, analyzing the change in 2018 is definitely important.

The Joining of Young Generation is Essential to the Growth of Taiwanese Fastener Industry

The fastener industry is a professional subject. President Chiang expects to see more young people willing to work in the fastener industry and work together with them to make one of the important Taiwanese industries better and go toward high added value. As a professional fastener supplier, President Chiang thinks the biggest problem of Taiwanese fastener industry is the inseparation between production and sales and many manufacturers also take orders by themselves. As more options among so many product items become available to customers, competition becomes fiercer. However, such kind of competition will turn adverse in the end, hedging the increase margin for the prices of Taiwanese fasteners. When there is competition, there is progress. ABS welcomes competition that can create positive results instead of the one that will draw every one down.

Online marketing has been an unstoppable trend in the era of Internet and ABS will continue to update its website and reinforce online marketing. It is planning to have its own websites for PC, App and mobile webpage to keep pace with time and find its own long term business partners. 

ABS contact: Mr. Arthur Chiang (email: abs.metal@msa.hinet.net)