Asia Pacific

TFTA and MIRDC to Sign Collaboration Memorandum for Fastener Talents Cultivation – Fastener World Inc.

Taiwan’s largest export-oriented fastener organization for fastener trading companies, Taiwan Fastener Trading Association (TFTA) and the Metal Industries Research and Development Centre (MIRDC) have both agreed to sign a bilateral collaboration ... [Read More]

Grainger Announces Agreement to Divest Grainger China | Fastener World Inc.

Grainger, the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, announced it has entered into a definitive agreement to sell its distribution business in China, Grainger China LLC ... [Read More]

Shanghai Prime Machinery Foresees Mid-term Profit Loss | Fastener World

Shanghai Prime Machinery (SPM) foresees a consolidated net loss of RMB 30 to 40 million for the first six months of 2020. The company says that the COVID-19 escalating into a global pandemic has urged governments from around the world to enforce ... [Read More]

General Motors selects Sundaram Fasteners as best supplier for 2019 | Business Standard News

Sundaram Fasteners Limited (SFL) has been selected as the GM Supplier of the Year by General Motors for supplier performance in the 2019 calendar year. This is the 7th time that the company has received this award.(...) via General Motors selects ... [Read More]

Taiwan CSC’s carbon steel sales fall to 63-month low | Mysteel Global

Carbon steel sales at China Steel Corporation (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, continued to drop in May, sliding by another 14.8% on month to 730,444 tonnes, the lowest record since March 2015, a company ... [Read More]

Sundram Fasteners president N Balakrishnan passes away due to COVID-19 | The News Minute

Narayanasamy Balakrishnan, the President of auto component manufacturer Sundram Fasteners, passed away in Chennai on Friday due to COVID-19. The 65-year-old was at the TVS group company for 12 years at the time of his passing.(...) via Sundram ... [Read More]

TR Formac expands presence in Thailand and joins Electric Vehicle Association | Fastener + Fixing Technology

TR Formac, part of Trifast Plc with corporate world headquarters in East Sussex, UK, has expanded its global presence by moving into larger premises in Prawet, Bangkok, in response to strong growth across Asia and winning new business from global ... [Read More]

Fastener Fair Delhi is rescheduled again | Fastener + Fixing Magazine

In light of the constantly changing global situation relating to the Covid-19 virus, and with a long battle ahead, organisers of Fastener Fair Delhi have rescheduled the even once again, to take place on 9th – 10th October 2020 at Pragati Maidan ... [Read More]

FIEO for fastening process of engagement with EU to seal free-trade pact expeditiously – The Economic Times

NEW DELHI: Exporters' body FIEO has urged Commerce and Industry Minister Piyush Goyal to fast-track the process of engagement with the European Union on the long-pending free-trade agreement (FTA) with India and conclude it in an expeditious ... [Read More]

Sheh Fung Revenues Down 25.64% in May, but First 5 Months Cumulative Revenues up 8.87% – Fastener World Inc.

On May 6, Sheh Fung Screws reported its May revenues at NTD 142 million, down 25.64% over May 2019. The company explained this was mainly attributed to the coronavirus pandemic in the U.S. and Europe, which influenced the arrangements of delivery.... [Read More]