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Industry News

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S. Korea's auto production falls in March on weak demand at home, abroad289fastener
Automobile production in South Korea fell last month on weak demand both at home and abroad, a government report showed Wednesday.The number of vehicles produced in domestic factories was 343,327 in March, down 5.5 perce...

China-Europe freight train cargo value surges by 106 percent300fastener
fastenerThe total cargo value of China-Europe freight trains rose 106 percent year on year to hit 33 billion U.S. dollars in 2018, an official said Monday.China-Europe freight trains have made 14,691 trips since March 2011 when ...

Japan’s high-tech Olympics stalled by lack of low-tech bolts315fastener
fastenerAn aerial view of Japan's National Stadium under construction in Tokyo for the upcoming Tokyo 2020 Olympic Games CREDIT: AFPEfforts to deliver the most high-tech Olympic Games in history in 2020 are in jeopardy due t...

Europe threatens tariffs on American ketchup, cheese and fish over Boeing subsidies435fastener
fastener The European Union has threatened tariffs on US goods including cheese, ketchup and fish because of a long-running dispute over aircraft subsidies.The bloc released a list of American products worth around $20 bill...

Commercial use of 3D printing picks up speed438fastener
fastenerChina makes headway in application and commercialization of 3D printing, paving way for high-quality manufacturing, end-user engagementFrom aircraft units, car parts to musical instruments, 3D printing technology is push...

US floats tariffs on $11bn of EU products439fastener
The US is floating the idea of slapping tariffs on $11bn (£8.4bn) worth of products from the European Union.The move, which would escalate trade tensions between the US and EU, is a retaliation to European aircraft...

German car production tumbles in second half of 2018454fastener
German production of motor vehicles and their components in the second half of 2018 was 7.1 percent lower than in the first half, after calendar and seasonal adjustment, the Federal Statistical Office (Destatis) revealed...

China's passenger car sales continue to shrink400fastener
China's passenger car sales fell for the tenth month in a row last month, data from the China Passenger Car Association (CPCA) showed.In March, passenger car sales (broad measure) dropped 12 percent year on year to 1...

U.S. Cutting Tool Consumption Up 8 Percent In February465fastener
fastenerFebruary 2019 U.S. cutting tool consumption totaled $205.6 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies p...

Fastenal Reports First Quarter Earnings438fastener
Fastenal Co. on Thursday reported first-quarter profit of $194.1 million.The Winona, Minnesota-based company said it had net income of 68 cents per share.The results beat Wall Street expectations. The average estimate of...

Rapid urbanisation, increased infrastructure spending heightens demand in the wire, cable, tube and pipe industries444fastener
fastenerCities all over Southeast Asia are on a growth trajectory, as industry projections indicate about 100 million people in ASEAN are expected to migrate from the countryside to cities from now through to 2030. From an econo...

Canada Launches Re-investigation on Carbon Steel Fasteners from Mainland China and Taiwan514fastener
fastenerThe Canada Border Services Agency (CBSA) has today initiated a re-investigationto update the normal values and export prices, in accordance with the Special Import Measures Act (SIMA), respecting certain carbon steel fas...

Taiwan's manufacturing sector contracts for 4 months568fastener
Taiwan's manufacturing sector contracted for a fourth consecutive month in February due to weaker global demand and the Spring Festival holidays, according to a leading economic think tank.The monthly composite index...

Brazil's vehicle production drops 0.6 pct in first quarter555fastener
Brazil's vehicle production dropped 0.6 percent with 695,700 units in the first quarter of 2019, compared to the same period of last year, the National Association of Vehicle Manufacturers (Anfavea) announced on Thur...

German car production tumbles in second half of 2018427fastener
German production of motor vehicles and their components in the second half of 2018 was 7.1 percent lower than in the first half, after calendar and seasonal adjustment, the Federal Statistical Office (Destatis) revealed...

Developments and Future Plans for Shanghai Minmetals – Fasteners714fastener
fastenerShanghai Minmetals – Fasteners is one of the divisions of Shanghai Minmetals, a well known large-scale state-owned enterprise which was founded in 1949. Over the past seven decades, the corporation has been develop...

Robust Sales Drive Shanghai Prime Machinery's Deployment in Pan Asia465fastener
fastenerFINET (Hong Kong pres) reports the machinery parts maker and service provider, Shanghai Prime Machinery, released its full year sales record for 2018. The group's revenue last year grew 6.5% to RMB 9.03 billion, with...

MEXICAN EXPORT MANUFACTURING COUNCIL TO JOIN FASTENER FAIR MEXICO 2019532fastener
fastenerMexico City, March 29, 2019. – The National Council of the Maquiladora and Manufacturing for Exportation Industry – INDEX, has signed a collaboration agreement with Fastener Fair Mexico, the leading exhibition in Latin A...

Manufacturing data indicates recovery565fastener
fastenerA technician works on the production line of a machinery company in Luannan county, Hebei province. [Photo/Xinhua]Rise in PMI shows growth policy has started to take effect, analysts sayActivity in China's manufactur...

China will continue to suspend extra tariffs on US vehicles, auto parts583fastener
fastenerThe State Council said on Sunday that China would continue to suspend additional tariffs on US vehicles and auto parts after April 1, in a goodwill gesture following a US decision to delay tariff hikes on Chinese imports...


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