Fastener Shanghai
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->ASEAN Fastener Markets have Great Potential—Automo...You are the 532210 visitors
Views:7309   |   recommendation:fastener   |   Votes:1   |   Discuss:0
ASEAN Fastener Markets have Great Potential—Automotive Manufacturing Thailand Report 2

The number of visitors gradually increased on June 24-25. According to the organizer, there were 36,951 visitors in total during the first three days. The booth of China Fastener Info (CFI) attracted lots of visitors from Southeast Asia, Europe and US for CFD magazines. Some visitors even came to CFI’s booth for CFDs with invitation email sent by us.

It was worth mentioning that Mr. Rakesh Shah, leader of the Indian delegation INDEE and the former chairman of EEPC India, signed a memorandum with Mr. Chanatip Surachaisitikul, chairman of Thai Subcontracting Promotion Association on June 24. The memorandum mentioned that Thai subcontractors would visit Bombay in March, 2012. The Thai side noted that the memorandum on the one hand will help Thai manufacturers reduce cost and improve quality on some special fields, and on the other hand it will help know more about the Indian industry and culture which can increase sales of goods exported to India so as to achieve the goal of learning from each other and the strategy of advantage complementary. The Indian side also remarked the memorandum can be helpful for Indian industry manufacturers and related service sectors to better learn from Thai professions.


Automotive summit mainly about the topic of “Challenges and Opportunities from Recovery of Japan Automotive Industry” was concurrently held on June 23 with over 200 international delegations present. The summit mainly discussed what measures to take before the ASEAN Economic Community (AEC) is established and the related latest news. The Japanese side in the conference also expressed its plan to improve the output of automobiles in Thailand to the pre-tsunami levels and Japanese auto part manufacturers will invest more in the production of parts which hasn’t been produced before by local producers. These can be seen that Thai auto part market has great potential.

After talks with Southeast Asian visitors, we found that more and more buyers from Europe and US came to Thailand because of its enrich labor resource and endowed exporting ports. What’s more, some Chinese manufacturers?are setting up plants in Thailand due to the anti-dumping imposed by EU on China.

Minister of Thailand Industry Chaiwut Bannawat noted that in the beginning of 2011 the ministry would do research in the industry working plan during 2010-2013 and would work out Five strategies for the industry development including adjusting industry structure and keeping development stable; accelerating industry development and environment protection; promoting the industry competitive strength; improving industry social responsibility and asset management and environment balance.

Therefore, Southeast Asia's fastener industry currently sees fast development. To our surprise, many local fastener manufacturers come for the inquiries about the import of Chinese fastener equipment. However, there is little fastener equipment exporting to Thailand from China. Thus, it is really good news for fastener equipment makers in China.

Besides, CFI also paid visit to many exhibitors in the show.

We get to know that the ASEAN market has great potential after attending the show. On top of the traditional European and American markets, China Fastener Info will continue to expand the emerging markets in the coming months. We will attend the Wire/Tube Southeast ASIA to be held on Sep. 13-15 and METALEX Vietnam scheduled for Oct 6-8, please pay close attention to our coming reports.

2011/6/27 17:19:00

Previous:    Japan Fastener Imports from China for Q1 2011
        Next:    Las Vegas Fastener Expo Hotter Than a Firecracker!

Recent Related News
China Fastener Info Exhibits at Wire India 2018--2018-12-14
Korea Metal Week 2018 Ends with Positive Results--2018-11-09
indometal 2018: An Excellent One-stop Platform for Metal & Steel Industries--2018-11-02
Manufacturing World Osaka 2018 Show Breaks New Records--2018-10-21
CFD 2018 Plus is Now Available!--2018-10-09
Successful Inaugural Fastener Fair USA Closes, Attendance Exceeds Expectations--2018-05-11
The 3rd Manufacturing World Nagoya Sees a Great Success--2018-05-11
2018 Taiwan International Fastener Show Successfully Opens--2018-04-20
WIN EURASIA 2018---6 Fairs Under One Roof!--2018-04-10
CFD 2017 Plus is Now Available!--2017-11-07
Manufacturing Expo 2017, a Vehicle to Drive Industrialists towards Industry 4.0 with Confidence--2017-08-17

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener8fastener

Fastener Trade Show Suzhou

China Fastener Directory
Get it FREE!
Get your CFD at the following shows:

•M-Tech Tokyo, Feb 6-8, 2019, Tokyo, Japan

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany

Show Room

Offer Product

Latest News
• China Fastener Info Exhibits at Wire India 2018

• China's industrial sector maintains stable operation: survey

Buyers' Guide
Company News

• Dongtai Huawei to Exhibit at Canton Fair 2018 Spring Session, Booth No.15.3H26, Welcome to Visit Us!

• Dongtai Huawei Standard Component Corporation: Develop New Products, Target on Mid and High-End Markets

The Way to Enter Chinese Market
The Way to Enter Chinese Market