News 

According to the latest statistics from China Association of Automobile manufacturers, China achieves the goal of 8.9273 million cars output in the first half of 2011(up 48.84% compared to 2010) and 9.0161 million (up 47.67%) vehicles sale. 2011 vehicles output and sale in China will be more than 16 million units. Auto fasteners account for 2%-2.5% of a vehicle value. The amount of 2010 China’s import fasteners is over US$2.1 billion, and most of them are auto fasteners. That means high-end fastener market is huge, especially auto fastener market. Meanwhile, the need for auto and high-speed rail fastening system is growing bigger because of large investments in infrastructure like high-speed rails and subways.