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Industry Reports

CIER: March PMI sees slight decline, marks continuing 5-month growth</h2>

CIER: March PMI sees slight decline, marks continuing 5-month growth

Apr 01, 2021

Chung-Hua Institution Economic Research (CIER) released Taiwan's PMI score for March on April 1, arriving at a 62.7 on its report card, and marking a five-month consecutive expansion momentum above 60.0. Though, March would also signify a two-month consecutive slight decline in terms of expansion, a drop of 0.5 index points. Under CIER's PMI index, all five categories saw uptick trends, includ...


Photo courtesy of Taiwan Association of Machinery Industry.

2021 TIMTOS to Go Fully Online 3/15 to 4/15 Due to Pandemic Concerns

Feb 02, 2021

Show organizers of the biennial machine tool trade show TIMTOS 2021 have suspended in-person events due to the recent domestic COVID-19 cluster. Originally slated for a hybrid opening for both online and offline events starting on March 15 to 20 at the TWTC Exhibition Hall 1, Nangang Exhibition Center Halls 1 and 2, show organizers Taiwan External Trade Development Council (TAITRA) and Taiwan...


China-U.S. Trade War Hurts Factory Revenue in 2019 Census: MOEA</h2>

China-U.S. Trade War Hurts Factory Revenue in 2019 Census: MOEA

Dec 15, 2020

The Economic Ministry Department of Statistics released last year's factory census report on Tuesday, reflecting the impact from the China-U.S. trade war, showing a 3.8% YoY decline, and NTD$16.9 trillion in revenue. The report found despite the decline, the semiconductor industry showed strong growth amid increasing investments and Taiwanese businesses returning to the island. The situation ...



Industry In-Focus

Yang Light's modern factory located in Changhua County, central Taiwan, capably rolls out a variety of quality-approved parts for industrial application.

Yang Light a Rising OEM of Industrial Parts

Versatile maker's boldness helped build recognition and competitiveness

Mar 03, 2017

Taiwan-based OEMs (original equipment manufacturer) have become veritable classic business models in world trade, able to take on just about any order in any volume made according to customers’ specifications, and thus have been recognized by foreign customers as the most trustworthy production arms. Yang Light Engineering Company is one such typical OEM in Changhua County, central Taiwan, who...


Formosa Plastics Group starts process to invest in building the fourth ethane cracker complex in the U.S. to boost ethylene output (photo courtesy of UDN.com).

Formosa Plastics Group of Taiwan Starts Investment to Build Ethane Cracking Plant in Louisiana, USA

Project targets raising to 80% overseas investment from current 25%

Feb 22, 2016

Taiwan-based Formosa Plastics Group, the high-profile conglomerate set up in 1958 that produces petrochemicals and plastics, has kicked off an investment project to set up its fourth ethane cracking complex in Louisiana, the U.S., as part of its objective to raise the proportion of overseas investment to some 80 percent over the next three years from 25 percent as it has maintained in the past. ...


Taiwan's fastener production volume during 2005-2014

Taiwan's 2014 Fastener Production Again Sets Record High Volume

Production volume in 2014 exceeds new high of 1.812 million tonnes for second straight year

Feb 25, 2015

Compiled by STEVE CHUANG With TV news reports that certain parts of the USA have seen home prices rise sizably since last year, in particular those in San Francisco, and the Greek debt deal tentatively extended, and car sales stateside increase due to falling gas prices, some say the global economic climate looks promising and should drive manufacturing and construction industries worldwide, w...



Supplier News

Photo courtesy of VERTEX PRECISION INDUSTRIAL CORP.

VERTEX PRECISION INDUSTRIAL CORP.

One Stop Manufacturer For Custom Bolts & Nuts

Jan 14, 2021

Vertex Precision was established in 2005 , and located in the heart of fastener industry in Kaohsiung, Taiwan Being an IATF 16949 certified manufacturer, Vertex provide quality custom fasteners to worldwide customers in various industries, such as automotive, electric vehicles, appliances, electronics, machinery, solar energy, construction, etc. Vertex Precision manufacture custom Ball Stud...

VERTEX PRECISION INDUSTRIAL CORP.


Sheh Fung owns three factories, one of which located in Mituo District, KaoHsiung primarily focuses on packaging and heading.

Sheh Fung Screws' Profitable Q3 Prompts Goal for NT$2 Billion Sales by Year-End

Sep 24, 2020

■ Huang Chih-ming Located in Kaohsiung, Taiwan, Sheh Fung Screws Co., Ltd focuses on manufacturing three categories of screws: self-drilling screws, painted screws, and wood screws, often found in wood construction, sheet metal roofs, wood footpath, and DIY home decor applications. Currently, the U.S. is the firm's primary market, making up 64% of sales, 7% for Europe, 6% for Asia, and 12% for...

SHEH FUNG SCREWS CO., LTD.


Chipboard Screw, Special Wood Screw, provided by Shuenn Chang Fa

Quality Fastener Maker Shuenn Chang Fa Shows Resilience with Sales Boost

Sep 24, 2020

■ Huang Chih-ming Taiwanese quality fastener manufacturer Shuenn Chang Fa Enterprise Co., Ltd.'s (SCF) presented exceptional ability to adapt to challenging times amid the COVID-19 pandemic. Unlike other firms, SCF leveraged its production strategy with its new plant, and even saw sales performing better than expected. SCF’s newest factory expands the original 10,000-square meters factory g...

SHUENN CHANG FA ENTERPRISE CO., LTD.



Insiders' Views

Kristy Chi, MIRDC's industry analyst.

MIRDC Analyst Shares Views to Dispel Doom of Red Supply Chain on Taiwan's Fastener Industry

Taiwan-to-China fastener exports in Jan.-July 2015 total 11,000 tonnes versus only 3,000 tonnes of imports

Oct 01, 2015

The rise of China’s “red supply chain,” a term coined by market observers for aggressive development of Chinese tech industries backed by the central government to minimize dependence on imports and secure sustained economic growth, is widely regarded a growing threat to Taiwanese manufacturers, especially those from the island’s industries supplying products and services overlapping those from t...



Exhibition Highlights

Passing on Positive Information and Consolidating Confidence of the Industry,  International Fastener Show China 2020 Rounded off Successfully</h2>

Passing on Positive Information and Consolidating Confidence of the Industry, International Fastener Show China 2020 Rounded off Successfully

Dec 17, 2020

International Fastener Show China 2020 (IFS China 2020) was grandly closed on November 5, 2020 at Shanghai World Expo Exhibition & Convention Center. IFS China 2020 covered a total display area of 38,000 sqm. 615 well-known fastener enterprises worldwide (1,683 standard booths) showcased fastener manufacturing machinery, molds and consumables, design, technology and services, standard fasteners, ...


Stable Development and Popular Fastener Show in China</h2>

Stable Development and Popular Fastener Show in China

Sep 11, 2020

Driven by market prospects, domestic and international exhibitors actively prepare International Fastener Show China in Shanghai on November 3-5, 2020. Suffering from global epidemic and quarantine nearly half year, exhibitions are hot and popular in mainland China. Thousands of visitors join and visit the exhibitions with inquiries, and are eager to know new technology. Domestic and inter...


Fastener Expo Shanghai 2020</h2>

Fastener Expo Shanghai 2020

Feb 13, 2020

Opening Time: 18-20 August,, 2020 Venue: National Exhibition and Convention Center (Shanghai) Organisers: Shanghai ITE Ebseek Exhibition Co., Ltd. Fastener Expo Shanghai 2020, has been deeply rooted in the industry for 11 years, and has always been developing and expanding with the purpose of being professional, efficient, open and innovative. It can be called the benchmark event in t...