News 

Fasteners belong to labor-extensive, capital-extensive, and high-end oriented industry with strategies, and each country pays much attention to its development. So far, China has become the largest fastener manufacturing country all over the world. According to our understanding, the current fastener manufacturers and traders in China are nearly 10,000, the employee number exceeds 1 million. From the producing regions, the fastener industry in Wenzhou, Yongnian, and Haiyan has the largest scales and the most outstanding characteristics. We analyze the current status in the 3 regions as follows:

1. Yongnian, Hebei:
Yongnian has been developed for over 30 years, which possesses around 2,300 manufacturers, with 2.47 million tons of annual fastener output, sales volume RMB$17.3 billion, the production and marketing volume occupy round 40% of market nationwide.   
Advantage: Sales amount reaches around half of national total amount, which has great advantage over the region. In addition, the local government always has more support policy to the industry every year.
Disadvantage: industrial construction is lack of a leader with weak product competitiveness, plus joint mechanism is wanting among enterprises, so there’s no leading power in raw material purchasing and pricing. 

2. Haiyan, Zhejiang:
Currently, there are around 700 standard fastener manufacturers in Haiyan, among which there are around 100 medium-scale  enterprises. In 2006, the output of standard fasteners in Haiyan made a breakthrough by over 1 million tons, around 22% of total economic amount, the sales income reached RMB$4 billion. 70% is for export while the export amount for nuts is around 50% of Zhejiang Province. The output of long shafts and export amount rank number one in China. 

Advantage: The leading enterprises gathering here such as GEM-YEAR GROUP is located in Haiyan. The leading enterprises always have good drove effect to push other SME to have a fast development. In addition, the complementary measures for the public service platform in fastener related industry is fairly complete. The professional markets of fasteners, national fastener testing centers and fastener surface treatment centers are located here with a perfect industry chain.

Disadvantage: The quality test report from China shows that the quality and quantity disqualified issues are highly-exposed for the fastener enterprises in Haiyan. Also, most enterprises depend on export, so the marketing structure has more risks.

3. Wenzhou
Wenzhou has been developed for nearly 30 years. At the moment, there are around 3,000 upstream/downstream fastener related enterprises. Among them, there are plenty of enterprises operated by husbands and wives while there are around 10,000 enterprises establishing branch companies all over the world with around 1 million tons of annual amount, the annual output value around RMB$10 billion, around 30% of production and marketing amount for the entire China. 

Advantage: Wenzhou is the earliest to begin to be developed in these 3 regions because the fastener enterprises are aware of the importance of brand and image. Recently, fastener enterprises in Wenzhou constantly keep the great image.
Disadvantage: For the past few years, the cost of land in Wenzhou has been substantially hiking, so the government pays little attention to it with less support. Therefore, many fastener enterprises have no choice but to relocate outside of Wenzhou, and the amount is therefore decreasing.