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June 27, 2017

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Fastener Taiwan brings big talent and eyes big money

TAIPEI, Taiwan -- With its first rendition at the Kaohsiung Exhibition Center, Fastener Taiwan, held once every two years, begins today.

This event ranks as the second largest fastener show in Asia and the third largest in the world. In just two days (April 14-15), it features 350 exhibitors with 850 booths (double the previous number of show booths) to attract an estimated 2,000 overseas visitors. This brief endeavor is expected to generate US$380 million in business.

The show is organized by the Bureau of Foreign Trade, Ministry of Economic Affairs, co-organized by the Kaohsiung City Government and implemented by the Taiwan External Trade Development Council (TAITRA) as well as the Taiwan Industrial Fasteners Institute (TIFI).

This year's exhibition covers every facet of fastener services, production, equipment, tools, testing instruments and raw material. The participants include: Sheh Fung, Zyh Yin, Wei Chih, San Shing, Tong Hwei, Taikyu, Chun Zu, Homn Reen, Jern Yao, Chun Yu, Stampo, Ray Fu, Tycoons, Anchor and Nafco. China Steel, which plays a vital role as one of the major upstream suppliers in the fastener industry in Taiwan, is joining the show for the first time in the hopes of encouraging exhibitors to bring their clients to visit the China Steel booth to better understand the raw materials in their products.

Around 250 fastener manufacturers from mainland China, South Korea, Hong Kong and Japan, as well as Taiwan, participated in a recent seminar to discuss the development of the fastener industry in Asia. Chen Ming-chao, chairman of the Taiwan Industrial Fastener Institution (TIFI), gave a speech on the development of fasteners in Taiwan that not only illustrated the history of Taiwan fasteners but also pointed out future challenges.

Show Benefits Global Fastener Industry

For Wang Chih-kang, chairman of the Taiwan External Trade Development Council (TAITRA), holding the 2014 International Fastener Show at the newly opened Kaohsiung Exhibition Center is meaningful in two ways.

First of all, the new exhibition hall is located close to most of the fastener manufacturers in Taiwan, so international buyers can visit factories in person to look for products that best meet their needs. Second, the international show held in Southern Taiwan will bring benefits to local industries, which can contribute to balancing economic development within the nation's northern and southern areas.

"The scale of the International Fastener Show this year is larger compared to two years ago," said Wang. "We earned a good reputation since we can take buyers to the factories and let them observe the production procedures by themselves."

Wang also said that more than 1,500 international buyers have applied to participate in the event through TAITRA branches around the world. The number of buyers has increased by 30 percent, which can potentially create US$380 million in business opportunities.

In addition, delegates of fastener institutions from five regions, namely Taiwan, Japan, South Korea, mainland China and Hong Kong, have also joined this grand event. With these delegates and other buyers from various countries, this event bears some similarity to the United Nations.

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