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Industry Activities
2011 Five Regions Fastener Association Conference -- paying close attention on environmental issue
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2011-10-07
The 9th Five Regions Fastener Association Conference was held at Korea Federation of small and medium business (Kbiz) Grand Hall in Yeoudio, South Korea, on September 26.The chairmen of the fastener associations in Korea, Japan, China, Taiwan and Hong Kong, and related businesses owners all attended the annual assembly. The organizer South Korea Federation of Fasteners Industry Cooperatives set “eco-friendly fasteners” as the theme and the chairman Jin-Sun Auh hoped the participants can share and gain the knowledge of the changes of the environmental policies and related affairs in each region via the conference and discuss the small and medium businesses’ responsibility for emission reductions and green industry certifications and how to prepare beforehand.
In addition to the sincere gratitude to other associations for their great support for March 11 East Japan Earthquake, Hirotada Takenaka, Chairman of the Fasteners Institute of Japan, remarked that Japan fastener industry has to undertake the tasks in the post-disaster reconstruction, especially for the provisional residence construction, factory equipment repair and maintenance and building quake-proof structure solution. Feng Jinyao, Chairman of Fastener Sub Association, China General Machine Components Industry Association, called on the participants to strengthen the R&D in new material, new technology and new craft with energy saving features while producing products in order to present a bright prospect of eco-friendly in China fastener industry.
Joe Chen, Chairman of Taiwan Industrial Fasteners Institute, stated that except for the slow recovery in the export market to the US, Taiwan’s fastener export markets, such as EU and East Asia, continue to grow. In the recent years, Taiwan fastener industry has worked on industry upgrade and market distribution; especially to the German market, the market share of Taiwan grew from 5.3% in 2005 to 9.6% in the first half of 2011. Chan Siu Wai, Chairman of Hong Kong Screw & Fastener Council explained, most of Hong Kong’s fastener factories have moved to Guangdong, China, and recently, owing to the difficulties like the continuous growth of RMB to USD exchange rate and labor shortage, the operating cost of Hong Kong enterprises has increased. At the same time, he approved that Hong Kong manufacturers gradually attach importance to eco-friendly manufacturing and self-established laboratories to fulfill the goal of international environmentally friendly standards.
During the conference, Pohang Iron and Steel Co. (POSCO) releases a series of “Clear & Green POSCO” environmental policy, elaborating on the new blast furnace technology FINEX, environmental supervision system, carbon reduction effects and the application of the new eco-friendly wire rod products. After the conference, the organizer arranged a dinner party for the attending guests. Moreover, due to the passionate invitation from the organizer, the guests all joined in a dancing together, which signifying the union of the fastener industry that will move into the next new fastener era.
※Fastener Industry Current Situation Overview in Five Regions:
Korea | ◎ The gross fastener output reached 810,000 tons in 2010. The fastener import value was USD380 million, increasing 30.6% on a YoY basis and the import from China exhibited a high share of 35.9%. The fastener export value was USD320 million, increasing 32.1% on a YoY basis. ◎ The fastener import value from January to May in 2011 was USD178 million and the import volume was 48,362 tons; the highest import price was USD28,622 per ton of US. The export value from January to May in 2011 was USD172 million and the export volume was 46,099 tons; the highest export price was USD17,526 per ton of Taiwan. |
Japan | ◎ The gross fastener output in 2010 reached 2.87 million tons, increasing 29% on a YoY basis; the output value was 808 billion yen, increasing 28.8%. The gross fastener import volume in 2010 was 196,761 tons, increasing 26.9% on a YoY basis; the import value was 57.2 billion yen, increasing 16.1% on a YoY basis. ◎ The fastener import volume from January to May in 2011 was 89,834 tons, increasing 12.1% on a YoY basis; the import volume was 16.1 billion yen, increasing 12.9% on a YoY basis. The fastener export volume from January to May in 2011 was 120,617 tons, reducing 2% on a YoY basis; the export value was 92.5 billion yen, reducing 3.1% on a YoY basis. |
China | ◎ The gross fastener output in 2010 reached 6.20 million tons, increasing 16.89% on a YoY basis; the sales value reached RMB60 billion, increasing 22.45% on a YoY basis; both hit record high and the average unit price also achieved a new record high. The fastener import volume in 2010 reached 258,300 tons and the import value was USD2.658 billion, increasing respectively 32% and 26% on a YoY basis. ◎ The fastener output in the first half reached 3.2 million tons, among which the export volume accounted for about 1.2 million tons. It is expected the gross fastener output in 2011 will reach 6.5 million tons and will increase 5% on a YoY basis. |
Taiwan | ◎ The fastener import volume in 2010 was 24,700 tons, reducing 5.6% on a YoY basis; the import value was USD131 million, increasing 29% on a YoY basis. The fastener export volume in 2010 reached 1.28 million tons, substantially growing 42.93% on a YoY basis; the export value also grew 55.29% reaching USD3.2 billion, the average export price per kilogram was USD2,724. ◎ The import volume in the first half of 2011 was 11,000 tons and the import value was USD71.13 million. The export volume in the first half of 2011 was 710,000 tons; the export value was USD1.9 billion. It is expected the gross export volume in 2011 will surpass 1.4 million tons. |
Hong Kong | The fastener import volume in 2010 reached 44,000 tons, reducing 27% on a YoY basis; the import value was USD330 million, increasing 20% on a YoY basis. The fastener export volume in 2010 was about 33,000 tons, increasing 9% on a YoY basis; the export value was USD370 million, increasing 31% on a YoY basis. The growth of the export volume showed Hong Kong economy has gradually recovered from the financial crisis. |
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