News 

With the rapid and strong developments in the machinery, power and auto sectors in China, the production capability of the fastener industry has been driven and meanwhile the industry has acquired certain amount of opportunities. The statistical data indicated that the sales value of the machinery industry in 2011 increased from RMB14.06 trillion to RMB16.89 trillion while the power and auto industry have kept a fast growth rate.   

Since the domestic economic growth slowed down and with the problem of inflation, the market in 2011 was not good. But in view of the overall year, the fastener industry of China still kept a stable growth. The output of the first half grew 6.9% over the same period in 2010 and the sales growth up 7.02%. With the increase of the domestic demand, different sectors’ demand for fasteners will grow. The trend will definitely drive a prosperous future for the fastener industry of China. The industry insider of the fastener association in China estimated that the total output of fasteners in 2012 would achieve 6.8 million tons.