SPECIAL FEATURE

Editorial:

Take It in Your Stride.

A Crisis is theTurning Point forthe Better
Taiwan fastener industry has been quite busy in recent months. Besides the smooth chairman handover ceremony of Taiwan Industrial
Fasteners Institute (TIFI) held right after the perfect closure of Taiwan International Fastener Show this June, the discussions among repsof relevant organizations and units from Taiwan and the EU for the CBAM implementation progress and details are also in full swing. In
addition, in order to assist the industry under the influence of many external factors to cope with the challenges in the future, Fastener World
will invite Taiwanese industry players interested in setting up overseas factories or sourcing in Vietnam to visit the local and Taiwaneseinvested plants this August. What's more, in this issue we also include post-show market observation reports of Taiwan International FastenerShow and other international exhibitions, as well as pre-exhibition promotional feature for exhibitors. All these will pave a more solid
foundation for the development and upgrade of Taiwan fastener industry, and also create more opportunities for the industry to compete in theinternational market.

TIFI New Chairman Takes Office and Looks Forward to Bringing
New Atmosphere to the Industry
TIFI has always been an important bridge for Taiwan fastener industry to seek more resources fromTaiwan CSC or governmental agencies and to convey the voice of the industry. First of all, we’d liketo congratulate Jinn Her Enterprise President Yung-Yu Tsai on his election as the new TIFI
Chairman, and we believe that TIFI will continue to prosper under his leadership. In the past fewyears, Taiwan fastener industry has been affected by EU CBAM, Russia-Ukraine war, market inflationand competition from China, indirectly causing the overall export to shrink by about 20%, and such apredicament has also left some Taiwanese industry players at a loss. Under such circumstances, I believethat it would be most suitable for Jinn Her Enterprise President, whose screw plant is said to be thelargest in Taiwan (with a monthly production capacity of 10,000 tons) and with more than 4 decades ofexperience in the fastener industry and sufficient experience in multinational enterprise investment, tolead the 690 members of TIFI. It is also expected that under the leadership of TIFI Chairman Tsai, whohas in-depth understanding of the global market conditions, TIFI will be able to fight for more favorable
competitive conditions for the industry, so that Taiwan fastener industry can accelerate its way out of therecession and find its own niche market.

CBAM will Enter the Phase of "Actual Data" Reporting; Manufacturers Must Pay
Attention to It.
Since the implementation of CBAM in October 2023, Taiwanese manufacturers should have gained a better understanding of therequirements of the measure and become more familiar with the reporting process. Despite many challenges in the market, Taiwanesemanufacturers have been the most active and engaged in CBAM reporting and participation among Asian countries. However, it is important
to note that from the Q3 this year, EU importers will be required to submit the actual carbon emission data of imported products,
and will no longer be able to use the previous default values as the basis for reporting, which means that Taiwanese manufacturers

152

Fastener World no.207/2024 惠達雜誌SPECIAL FEATUREwill be also required by their customers to submit the actual data.
In order to avoid the impact on the subsequent orders, the industry
is reminded to be careful in the next CBAM reporting. During theTaiwan International Fastener Show, Alexander Kolodzik, Secretary
General of EFDA, flew to Taiwan to explain the implementation
process of EU CBAM and the key points to be noted, andrepresentatives of EIFI and Taiwan Economic Research Institute(TIER) organized a seminar on "Carbon Content Calculation
Mechanism of Fasteners for Taiwan-EU Fastener Industry" on July8, inviting industry experts to participate in the discussion. It isbelieved that these exchanges will help Taiwanese industry to havea more accurate direction to comply with the CBAM regulations
and requirements. We also encourage industry players to pay more
attention to these messages from the industry's key figures, and toaccelerate the upgrade of the industry through the close cooperation
between Taiwan and Europe.

“The Investment Visit & Plant Tour During FF Vietnam”Organized by Fastener World tobe Held This Aug.
Fastener Fair Vietnam represented by Fastener World in Taiwan will be officially launched on August 7-9 in Hanoi, Vietnam, and anumber of Taiwanese exhibitors will be also present. In order to help Taiwanese companies interested in knowing more about the current
market situation and investment environment in Vietnam to have a more in-depth observation and understanding of Vietnam, as well as toassist them in finding order opportunities under the challenges of fierce market competition and customers' urge to set up factories overseas,Fastener World has arranged the Investment Visit & Plant Tour, including visits to the plants of Sheh Fung Screws and ThreadIndustrial in Vietnam, the local industrial park, FF Vietnam and local fastener factories in Vietnam. Sheh Fung Screws, an OTCtraded company in Taiwan, has not only been investing heavily in Taiwan in the past few years, but has also set up a plant in Vietnam, whileThread Industrial has been also investing in Vietnam for more than a decade, and will be building its third factory in Vietnam in the nearfuture. Both companies have considerable experience in investing in Vietnam, and I believe that their sharing of experience will be veryfruitful for the participants.

www.fastener-world.com

Pre-show and Post-show Exhibitors Features on Fastener World Magazine HelpStrengthen Suppliers’ Global AwarenessIn this issue, we have included the post-show exhibitors feature for Taiwan
International Fastener Show and the pre-show exhibitors feature for “IFE inthe U.S., FF Mexico, FF India and FF Vietnam.” We hope that through these"exhibitor-only" promotion packages, we can help these exhibitors obtain better
advertising and marketing results before and after the shows, and to gain more
opportunities for cooperation. Over the past 37 years, Fastener World has built
up a huge database of the global fastener industry through multiple approaches
such as mailing printed magazines directly to buyers, on-line B2B marketingand exhibiting worldwide, etc. The data collected from the industry also
allows us to analyze the industry more effectively and provide better services
to manufacturers through the results of the reports and the observations ofour professional marketing team on the market trends. Such promotional
packages will continue to be proposed in the future, and we sincerely
welcome those who want to enhance brand visibility and strengtheninternational marketing to apply for participation.
Last but not least, the content of this issue is very rich. It not only includes articles on Mexico, Canada, Brazil,
Indonesia, and many other markets, but also new updates on many industry concerns (e.g., CBAM, U.S.-China tradewar, metal corrosion, IATF 16949, etc.). Through the professional analyses and in-depth observation of these experts andscholars, it is believed that readers can keep up with the industry trend faster.
Copyright owned by Fastener World / Article by Gang Hao Chang, Vice Editor-in-Chief

154

Fastener World no.207/2024 惠達雜誌