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On a recently held fastener-related conference Jinn Her president & TIFI vice chairman Tsai said that he expects a continuous growth and better future for Taiwan fastener industry and would like to make further investments, renovate facilities and recruit new talents in 2018. Tsai pointed out that the average wire rod price of China continues to increase sharply and has also exceeded the average price of Taiwanese wire rods for the first time. On the other hand, due to the influence of more stringent regulations for environmental protection coming into force, the fastener manufacturing cost in China has not been as low as it was. Tsai noted that Taiwanese companies should have confidence in themselves, as the fastener export price of Taiwan will definitely show significant growth.

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