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Development Status Of Fasteners
Dec 12, 2016

Global economic downturn, the export trade recession, many fastener enterprisesat home and abroad, are facing a severe test. Accelerating economic restructuringand upgrading is imminent, to open up overseas market is the important way of the development of the fastener industry.

From the four quarter of 2012 and the first half of 2011, subject to objective environmental impact, fasteners, industrial development or slowed down, but starting from the third quarter of 2012, along with the policies in place, held 18, and is aboutto launch a series of development policies, to promote the further development of the industry. And it must insist on innovation and adjustment in transition, we will continue to closely rely on cars, new energy, aerospace, shipbuilding, transportation, IT, electronics, construction and other key industries, speed up the optimizationand upgrading of fastener products and promote healthy and steady development of fastener industry.

Global fastener market size of more than US $50 billion, 2012 fastener of China isexpected to reach 6.8 million tons. But with the United States, and Japan, compared to the manufacturing powerhouse, there are still large gaps in China's fastener industry.

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