World News

五金零組件全球新聞
compiled by Fastener World

China’s New Energy Car Export Grows 130%in H1 2022

Industry Development
Global Electric Tool Market
Scale to Reach USD 43.2 Billion
in 5 Years

Hardware & Fastener Components - no.56/2022

全球電動工具市場規模將在五年內達432億美金

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Astute Analytica, an analysis company, predicts
the global electric tool market scale will reach USD
43.2 billion by 2017 at an annual growth rate of
5.2%. One of the primary contributors is the factthat the global construction industry is increasing
the use of cordless electric tools and wrenches.
The electric tool market can be mainly broken
down into North America, Asia Pacific, the Middle
East, Africa and South Africa. North America has
increased industry development and infrastructure
and therefore shares 31% of the global market. Asia
Pacific has the fastest growth speed at 6.8% driven
by rapid automotive industry development, andwithin this region, the fastest growers are China
and India.

中國2022上半年新能源汽車出口同比增
長1.3倍
China Association of Automobile Manufacturers’ statistics reveal an uptrend in
China’s car export in June 2022. “New Energy Car” has been the highlight ofChina’s export in recent years. Some of the Chinese automakers have made it
into Europe and other regions. In the first half of 2022, China’s new energy
car export grew 130%, taking up 16.6% of all China’s car export.
The data released by the Association shows that China manufactured 12.11
million units of vehicles and sold 12.05 million units of vehicles in the firsthalf year of 2022. In terms of export, China set a new record in June in which
the Chinese automakers exported 249 thousand units of vehicles, up 57.4%.
This includes 198 thousand units of passenger cars that were exported, up
65.6%, and 51 thousand units of commercial cars, up 32.4%. In the first halfof 2022, Chinese automakers exported a total of 1.218 million units of cars,
up 47.1%. “The Russia-Ukraine war affected part of our export market, butfrom what we’ve heard from the automakers, they are doing well with oversea
orders that don’t appear to reduce in number,” said the vice secretary of the
Association.
The drastic growth of Chinese new energy car export was also attributed
to Tesla. In 2021, Tesla Giga Shanghai delivered a total of 480 thousand
units of vehicles, one third among which were exported to Europe and Asia
Pacific. It is worth noting that the number of export, 163 thousand units ofvehicles, represent half of all new energy cars exported by China in 2021. In
the first 5 months of 2022, Tesla Giga Shanghai exported 96,214 new cars ascompared to 36,753 cars exported in the same period last year. Since Tesla
Giga Shanghai resumed production, Tesla has outperformed the record in its
monthly sales it reached before the pandemic.

European EV Sales up 31% in First Half 2022
歐洲上半年電動車成長31%
The first half of 2022 was a rough time for the European new car market.
According to the data by JATO Dynamics, new car registration dipped 14%
from the same period last year, landing at 5.54 million registered cars across
27 countries. SUVs and EVs were a main factor preventing a further decrease.
SUVs had 4% less registration compared to the last period, taking up nearly
50% of the total registration. EV registration increased from 485 thousandWorld News >>vehicles to 633 thousand vehicles, up 31%, taking up 11.4% of the whole BEV
market share, and up nearly 4 percentage points from a year ago.
The uptrend of BEV demand doesn’t equally benefit all carmakers.
Although Tesla still holds a large chunk of EV sales, its growth rate is lower
than the market’s average. With issues in new car supply due to the production
halt in China as well as the increased number of market competitors, Tesla’s
market share dropped from 13.75% in the first half of 2021 to 13.33% in thefirst half of 2022.

Guatemala Approves Law on
Incentives for Electric Mobility
瓜地馬拉通過電動車獎勵法
On August 9, 2022, Guatemalan Congressapproved Decree 40-2022, which contains
t he Law on I ncentives for Elect ric
Mobility offering tax inducements on theimportation, sale, and use of electricvehicles or those that run on hydrogenas well as hybrid cars. Tax benefits
include exemption from the Value
Added Tax on the purchase andsale of such vehicles, their parts andchargers, and the Value Added Tax on their importation.

Musk Hints Tesla Annual Production to Reach 2 Million Vehicles
馬斯克預告Tesla全年汽車產量達200萬輛
CEO Musk said Tesla’s production will reach 2
million vehicles this year. He also said he “might beable to announce a new factory construction”. He said
that at the end of the day, Tesla will have 10 to 12 megafactories. “Tesla is interested in purchasing companies
in the field of technology and AI, and could repurchasestocks in the future depending on cash flow status.

According to AMEGUA, in Guatemala there are 2,500 hybrid cars,
145 BEVs, 770 electric scooters and 15 charging stations. The country
sold 510 hybrid cars in Q1 2022, up from 92 hybrid cars in 2021.

Hardware & Fastener Components - no.56/2022

Companies Development

038

Taiwanese Hand Tool Maker Proxene on
Emerging Stock Market from August 8
手工具廠伯鑫上半年賺回半個股本 8/8登興櫃
In Taiwan, a company has to trade its shares on the emerging
market for at least six months before it can be listed on the main
stock exchange or over-the-counter market. Manufacturingindustrial adjustable wrenches, pliers, screwdrivers, hexagon
socket wrenches, sockets and tool boxes, Proxene began listing
its stocks on the emerging market from August 8 at a reference
price of NTD 63.5. Its consolidated net profit after tax in the firsthalf 2022 was NTD 83.08 million with an EPS of NTD 5.03,
consolidated revenue at NTD 451 million and gross profit margin
at 31.17%. In 2021 the company grossed NTD 810 million.
Exporting 80% of its products mostly to the U.S. and Europe,
Proxene supplies to global adjustable wrench brands. The company
started in 1984 and set up a branch in 2017. It invested NTD 700800 million in a new plant which integrates smart manufacturing.

Japanese Nitto Seiko Rolls out
Uni-axis Auto Screw Fastening
Device
日東精工推出輕量化單軸自動鎖螺絲
裝置“ F M 514VZ” a nd “ F M 514CZ”
Uni-axis Auto Screw Fastening
Device can be mounted on small
ver tical multi-joi nt robots. It
weighs lighter and reduces 23%
carbon emission. The user canchange fastening thrust and set
fastening torque and speed.
The vacuum suction typeFM514VZ model is suitedfor tight and deep places;t h e c h u c k- c l a w t y p e
FM514CZ model is suitedfor fastening flat surfaces. Screws are fed one by
one from the feeder to the fastening unit through airpressure for automatic screw fastening tailored toeach product.

World News >>Japanese KTC Develops Threaded
Pipe Torque Wrench
日本京都機械工具開發螺紋管線專
用扭力扳手Kaman Precision Products Provides
Non-Contact ThreadChecker
美國Kaman Precision Products提供非接觸式螺紋檢測工具

General pipe
wrenches rely on operators
t o ge t a fe el fo r t h e m . T h e
a g i n g of o p e r a t o r s c o u l d l e a d
to inconsistent quality or insufficientfastening. KTC (Kyoto Tool Co.) worked
with Osaka Gas Network and successfully
developed a torque wrench for threaded pipes
which “clicks” on completion of fastening to ensure
consistent operation. Furthermore, the product is strong by design tohold through heavy rain and other severe weather.

Japanese Vessel Rolls out 25.4mm
Impact Wrench
日本Vessel推出25.4mm
衝擊扳手Hardware & Fastener Components - no.56/2022

T h e Ja p a n e s e h ave t oreplace large vehicle wheels with the ones
for winter before the cold season arrives. The wheel nuts in use for along time would be rusty from snow melting agent and hard to loosen
up. The huge demand for tire replacement in this period would put
a lot of loads on impact wrenches. Plus, there are users that claimed
impact wrenches are “too heavy, time-consuming due to low torque,easy to act up and costs much for repair.” To that, Vessel has rolled
out “SP-390DX” 25.4mm Impact Wrench.

040

The ThreadChecker by Kaman Precision Products is ateachable eddy current inspection tool, widely used for thread
detection, plating presence, and absence of heat treatment, as
examples. Any physical property difference that relates tomaterial conductivity is readily detected. The ThreadChecker
is ideal for use in any automated inspection process in manufacturing.
Consisting of a single electronics module compatible withany probe/material combination, the ThreadChecker cancheck threads regardless of part cleanliness, reducing the costof implementation. It features five internal probes, ranging
from 2 to 10 millimeters (mm) and two external probes, 6mm
and 8mm. Available with a rail mounting option, ThreadChecker is CE-compliant and features IP-67 rated probes andelectronics.

The product’s anvil length shrinks from 8 to 6 inches to reduce
torque loss during fastening. The anvil is hollow by design to reduceweight. The diameter of the air duct is increased, and the heat
treatment to the air motor and rotor blade is optimized to improve
torque via smooth rotation.

Hilti North America Names Mike McGowan
as New Region Head and CEO
Hilti North America任命Mike McGowan為新區域總經理及執行長Martina McIsaac, Region Head and Chief Executive Officer of
Hilti North America, has resigned her position effective October 1,
2022. Mike McGowan, currently Senior Vice President and General
Manager of the Hilti North America East Market Organization, has beenpromoted to Region Head and Chief Executive Officer of Hilti North
America effective October 1, 2022. In this role he will additionally serveon the Hilti Group Executive Management Team. Mike was chosen after
a comprehensive internal search for a candidate with a proven track record of success, deep understanding of the construction
business and commitment to company culture.
Mike joined Hilti in 1988 as a Hilti Store Sales Associate and was regularly promoted to positions of increasing
responsibility in sales and marketing before taking the top spot for Hilti’s eastern United States business in 2002. Mike’s
experience in consistently developing and leading a diverse and inclusive team capable of sustained performance is unmatched.

World News >>His market organization consistently ranks in the top five
most successful geographies in the Hilti Group.
“For more than 35 years, I have been committed to Hilti,
its team members, and its customers. Since the early days of
my career, the construction industry has been my passion.
I look forward to continuing to build on an already strong
foundation of success by working alongside the more than
4,000 team members who have chosen to make Hilti North
America their professional home,” said McGowan.

TriMas Aerospace Receives
Supplier Performance Recognition
from Boeing
TriMas Aerospace
獲波音頒發供應商
表現認可證書TriMas announced that TriMas Aerospace’s Allfast
Fastening Systems business has received a 2021 Supply
Chain Performance Achievement Certificate from The
Boeing Company for the tenth consecutive year. Boeing
issues the award annually to recognize suppliers who haveachieved superior performance each year. Allfast Fastening
Systems maintained a Silver composite performance rating
for each month of the 12-month performance period fromJanuary to December 2021.

Hardware & Fastener Components - no.56/2022“This recognition acknowledges our commitment to ourcustomers to consistently provide superior quality, on-time
delivery, flexibility and outstanding service,” said John
Schaefer, President of TriMas Aerospace. “Our Allfast teamtirelessly focuses on operational excellence and customer
satisfaction, and we’re grateful for their hard work anddedication. We thank Boeing for this recognition and lookforward to continuing to partner on innovative fastener
solutions.”042

flowable pre-applied threadlocker, Loctite DRI 2250-W, is a medium
to high strength pre-applied threadlocker that has been created tomeet automotive specification requirements.
Loctite DRI 2250-W offers high temperature resistance of over
200ºC and has excellent chemical resistance. Scott Simmons,Business Development Manager, North America, describes how
its superior High Temperature Resistance addresses customers’
frustrations with competing products: “Traditional products failto maintain room temperature (RT) breakloose strength and cantypically lose around 50 percent – and in some cases even more –of their strength at 150ºC. By contrast, DRI 2250-W maintains RT
strength beyond 150ºC and in most cases can achieve this up to
200ºC.”
Further advantages of Loctite DRI 2250-W include its low
coefficient of friction. Tested on multiple plating surfaces, thematerial maintains a coefficient of friction between 0.10 – 0.16. It
also shows superior performance on all plating types, including thenewer zinc-flake coating, with added lubricity.
As a pre-applied film, the threadlocker is dry-to-the-touchand remains an inert coating until assembly. During assembly,
microcapsules contained within the coating are crushed and releasean active ingredient that initiates the anaerobic curing process.
When cured, Loctite DRI 2250-W also acts as a thread sealant aswell as a threadlocker. It eliminates the need to apply liquid sealants,
adhesives, or any other mechanical locking or sealing device tothreaded parts during manual or automatic assembly and is flow
coatable for higher output speeds.

Stanley Black & Decker Announces
Leadership Transition in Tools Business
Stanley Black & Decker工具部門主管異動

TriMas Aerospace designs, engineers and manufactures
engineered ducts and fasteners for the global commercial
and military aerospace industry under the following leading
brands: RSA Engineered Products, Monogram Aerospace
Fasteners™, Allfast Fastening Systems®, Mac Fasteners™,
TFI Aerospace and Martinic Engineering™.

German Henkel Launches Loctite
DRI 2250-W
德國五金大廠Henkel發
表Loctite DRI 2250-W
Henkel has introduceda breakthrough productt o it s c o m p r e h e n siver a nge of automotive
pre-applied threadlocker
coatings that brings thehigh-speed throughput ofa flowable product withthe sustainability advantages of a water-based material. The first ever water-based

Jaime Ramirez, Executive Vice President and President, Tools& Storage, stepped down from his role to pursue opportunities
outside of the Company, effective July 22, 2022. Robert Raff, a20-year Stanley Black & Decker veteran and currently Head of
Stanley Outdoor Integration, will be appointed Acting Executive
Vice President and President, Tools. Mr. Raff will work closely with
Donald Allan, President and CEO of Stanley Black & Decker, to help
drive execution of the Company’s strategy focused on the growth of
its core businesses.
Robert Raff currently serves as Head of Stanley Outdoor
Integration, a role he has held since August 2021. Over the past
20 years, Mr. Raff has served in various leadership roles across
Stanley Black & Decker including President, Stanley Security;
President, Convergent Security Solutions; President, North America

World News >>Commercial Global Tools & Storage; President, Hardwareand other roles.
The Company has retained Heidrick & Struggles to
conduct an internal and external search for a permanent
successor to Mr. Ramirez.

Wiha is Winner of the iF DESIGNAWARD 2022 Wiha手工具獲2022 iF設計獎

over the 132-member jury, made up of independent experts from allover the world, with its innovative and appealing product design of the
buttonless, narrow shape concept.
This makes it much easier for professional users from industry
and trade to access narrow and confined spaces during installations.
Particularly smooth and parallel jaws also avoid damage to sensitive
surfaces. Width adjustment directly on the workpiece makes work
more efficient. A ratchet function enables fast screwing without
regripping. Pressing & bending tasks take minimum effort
thanks to the tenfold increase in manual force. Afterthe German Design Award 2022, this is now the second
international award for Wiha product development.

Klein Tools® Launches Multi-Bit
Drivers with 26 Precision Tips
Stored in Handle
Klein Tools®發表單支多起子頭螺絲起子Hardware & Fastener Components - no.56/2022

Wiha is a winner of this year’s iF DESIGN AWARD,
the world-renowned design prize. The winning product,
the Wiha Pliers Wrench Family, won in the discipline“Product”, in the “Industry/Tools”. Each year, the world’s
oldest independent design organization, Hannover-basediF International Forum Design GmbH, organizes the iF
DESIGN AWARD. The Wiha Pliers Wrench Family won

044

Klein Tools, for professionals since 1857, introduces the 27in-1 Precision Multi-Bit Screwdriver, which houses all the bits
you need for everyday precision driving, plus an integrated 3.5
mm nut driver.
Features:
1. On-board storage of 26 different precision tips and a 3.5mm nut driver
2. Barrel contains powerful Rare-Earth magnets for securing

World News >>bits and fasteners
3. Pin cap for optimum and precise control
4. Industrial-strength, double-sided bits are conveniently housed in the handle, eliminating the need for a bulky bit block or case
5. Cat. No. 32328 includes bits to repair most Apple® products
6. Stainless steel barrel provides great impact and wear resistance
7. Cushion-Grip handle for maximum comfort

Mergers & Acquisitions
Koki Holdings America
Announces a Merger ofMetabo HPT & Metabo inNorth America to Further
Expand Both Brands

advanced processes and improve productivity, announced the completion of
the previously announced acquisition of Atotech Limited for approximately
US$4.4 billion in cash and MKS common stock. Atotech is a global leader
in process chemicals, equipment, software and services for printed circuitboards, semiconductor IC packaging, and surface finishing.

Koki Holdings
America宣布合併
Metabo HPT和北美
的Metabo以拓展兩
個品牌

By integrating operations, both brands
will continue to support retailers and end
users with world-class power tools forthe residential/multifamily construction
market and the metal working/industrial
markets. This unification will enhancevalue across the organization, driving new
business opportunities for existing Metabo
HPT and Metabo customers.

MKS Instruments
Announces Closing of
Atotech Acquisition
MKS Instruments
宣布完成併購Atotech程序

M K S I n st r u ment s, I nc., a globa lprovider of tech nologies that enable

Hardware & Fastener Components - no.56/2022

Koki Holdings America Ltd.,announced a merger of two organizations,
Metabo HPT and Metabo Power Tools
in North America. Effective December
2022, both brands will operate their
headquarters, factory service center anddistribution functions from state-of-the-art
facility in Braselton, GA, located north ofAtlanta. This will support the expansion
and continuity of both brands and increasevalue to our partners.

045

World News >>“The acquisition of Atotech positions MKS toaccelerate roadmaps for future generations of advanced
electronics devices,” said John T.C. Lee, President andCEO of MKS. “By combining leading capabilities
in lasers, optics, motion and now process chemistry,
MKS is set to be a leader in the next frontier for
miniaturization and complexity: Optimizing theInterconnectSM, a significant enabling point of nextgeneration advanced electronics. Atotech’s leadershipin functional and decorative surface finishing will also
extend MKS’ product offering for industrial applications
and grow our market reach. I could not be more excited
to welcome the Atotech team to the MKS family.”MSC Industrial
Supply Co. Acquires
Tower Fasteners
MSC Industrial Supply Co.
併購Tower Fasteners
MSC I ndust r ial Supply Co., a premier dist r ibutor of
Metalworking and Maintenance, Repair and Operations supplies
to industrial customers throughout North America, announced
that it has acquired Tower Fasteners, a Holtsville, New Yorkba se d va lue d-a dde d d ist r ibutor ofO r igi n a l E qu ipment Ma nu fact u rer(OEM) fasteners and components.

Hardware & Fastener Components - no.56/2022

Under the equity purchase agreement,
Tower will continue to operate under its
current name after becoming an MSC
company. Mark Shannon, President ofTower, will continue to lead the business,
which has approximately 100 associates.
Tower’s revenue in calendar 2021 wasapproximately US$35 million. MSC’s
acquisition of Tower, made through its
All Integrated Solutions (AIS) subsidiary,
expands the company’s presence in the
OEM fastener market, which it enteredin 2018 with the acquisition of AIS,a leading value-added distributor ofindustrial fasteners and components,
MRO supplies and assembly tools basedin Wisconsin.

046

To w e r ’s g r o w i n g f o o t p r i n tcomplements AIS’s existing locationsconc ent r at e d i n t he M idwest. T hecompany operates eight distribution
centers along the East Coast and in theSouthwestern regions of the United
St ates, Mexico a nd Eu rope. Tower
serves manufacturers in the industrial,
electronics, medical equipment,a er ospa c e, m i l it a r y, a nd se cu r it y,fire and safety sectors. MSC plans tomaintain Tower’s operations, providing
the company’s customer base access to
MSC’s 2 million-plus product portfolio
to support their full metalworking and
MRO needs. Similarly, MSC will extend
Tower’s production fastener solutions
to its manufacturing customers. The
acquisition is expected to be roughly
neutral to MSC’s fiscal 2022 earnings
and slightly accretive to fiscal 2023
earnings.