Aug 10, 2016 Ι Industry News Ι Screws & Fasteners Ι By Steve Chuang, CENS
With ever more insiders venturing into higher-end segments of the global fastener market, Taiwan’s fastener industry is undergoing upgrades (photo courtesy of UDN.com).
With a history of more than half a century, fastener production is today one of Taiwan’s most globally competitive industries in the southern region. This achievement is attributable to insiders’ efforts on moving forwards high value-added fasteners for higher-end applications, including cars, aircrafts, medical supplies and implants, wind turbines, and many others, hence seeing a gradual uptrend in value.
An incontestable proof of the industry’s continuous growth is the statistics compiled by Metal Industry Intelligence, an industry and market research division affiliated with Metal Industries Research & Development Centre (MIRDC), a Taiwan-based semi-official R&D institute, showing that Taiwan’s annual fastener output increased from NT$95.15 billion (US$3.17 billion) in 2006 through NT$112.37 billion (US$3.74 billion) in 2010 to NT$123.87 billion (US$4.12 billion) in 2013. The value is estimated to have reached NT$124.38 billion (US$4.14 billion) in 2014 and then mount to NT$124.73 billion (US$4.16 billion) in 2015. (…)
