Taiwan’s fastener production reached only NT$55.2 billion in the first eight months of this year, down 8.1% year-on-year, the worse since 2012 due to the gloomy economic situation in the first half of 2016.
Taiwan’s fasteners is famous for its quality and fast delivery with the nickname of “the Kingdom of Screws”. There are around 1,500 factories in total with over 30,000 employees in the industry. About 70% of Taiwan’s fasteners are mainly exported to US and Europe. (…)
