Aug 05, 2016 Ι Industry News Ι Screws & Fasteners Ι By Steve Chuang, CENS
The payoff of Taiwanese fastener makers’ effort on going upmarket is a major growth drive for the industry’s sustainable development (in the photo are the high-strength, quality-approved bolts and fixings for rail construction).
Although lacking sufficient natural resources, Taiwan, however, is today an important part of global industry and supplies various industrial parts with reliable quality and competitive prices as a trustworthy source for professional buyers from sectors of cars, machinery, construction, vessels, 3C products and so forth, hence evolving into a export-driven developed economy.
Taiwan’s phenomenal economic achievement is attributable to local manufacturing industries, including the fastener sector, which has developed sustainably for over five decades and makes the island world’s second-largest supplier of such products by quantities only next to China, partly thanks to insiders’ hard work on enhancing value and partly to a well-developed, well-integrate supply chain developed at home. (…)
