Compiled by STEVE CHUANG
In response to the persistently growing global automotive industry, ever more Taiwanese fasteners have actively ventured into the segment as a savvy strategy to secure more sustainable development, with some focusing on introducing advanced heat treatment standards to better meet requirements by global carmakers.
According to Taiwan Industrial Fastener Institute (TIFI), an association of local makers in the sector, around 25% of Taiwanese fastener manufacturers are capable of supplying quality-approved automotive fasteners worldwide for the time being, and the proportion is expected to surge to 40-50% in the next five years, based on steadily increasing global car production. IHS Automotive, a global automotive industry researcher, forecasts worldwide car sales to exceed 100 million units in 2018, and this will surely bring considerable business opportunities to the Taiwanese fastener industry.(…)
