After more than six decades of development, fastener manufacturing has evolved into one of Taiwan’s few traditional industries that enjoy sustained global competitiveness. Having upgraded from low-end, DIY-caliber fasteners to the higher end of the line, Taiwanese fasteners suppliers increasingly find their niches in the global supply chains of automotive manufacturers.
Statistics compiled by the Taiwan Industrial Fasteners Institute (TIFI) show that despite the global economic sluggishness, Taiwan’s fastener industry recorded a record high output of more than NT$140 billion in 2011, with exports of US$3.97 billion representing an 11.14% growth to an all-time high (…)
via Taiwanese Fasteners Suppliers Make Most of Advantages in Global Market.