China Fastener
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compiled by Fastener World惠達編輯部 整理惠達特搜全球新聞
Association News
(China) Suzhou Fastener Smart Manufacturer Chamber Inauguration
On May 25, 2023, the inauguration conference of Suzhou Fastener Smart Manufacturer Chamber and the first Suzhou Fastener High
Quality Development Forum were held in Suzhou. The conference was held in three stages, including Suzhou Fastener High Quality
Development Forum, the inaugural conference and the dinner gala.
The first Board of Directors and Supervisors of
the Chamber were announced. The general manager
of Suzhou Guangxuan Fastener was elected as thepresident of the chamber. After that, the Chamber helda plaque awarding ceremony for the newly elected
members of the Board of Directors and the Supervisory
Board, and presented appointment letters to the advisor
as well as the secretary of the Chamber.
The establishment conference of Suzhou Fastener
Smart Manufacturers Chamber came to a successful
end amidst the laughter in the dinner gala. The
establishment of the Chamber represents a new chapter
for the fastener industry in Suzhou, and adds newvitality and momentum to the quality development of the whole industry.

(China) Dongtai Fastener Industry Association Inauguration Conference
On April 22, Dongtai Fastener Industry Association celebrated its
inauguration in the conference hall on the first floor of Qindong Government.
Representatives from Guangdong Fastener Industry Association, Shenzhen
Fastener Industry Association, Hangzhou Fastener Industry Association,
Dinan Fastener Industry Association, Jiashan County Fastener Industry
Association and Pinghu Fastener Hardware Association also attended.

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The conference held a grand inauguration ceremony. Long-feng Huang wasformally appointed as the president of Dongtai Fastener Industry Association,
Yuan-ben Dai was appointed as the honorary president and Zhong-jian Yin
was appointed as the honorary president, and the directors in the conference
presented plaques to the three presidents and took a group photo.

Hong Kong Screw & Fastener Council 20th
Anniversary Party and 10th Chairman
Inauguration Ceremony
On the evening of May 15, about 500 members of Hong Kong Screw& Fastener Council (HKSFC) gathered together to celebrate the 20th
anniversary.
The 10th Council Chairman, Mr. Ping-fai Tsui, expressed his gratitude to
the leaders and guests who attended the ceremony. Over the past 20 years,

058 惠達雜誌China Fastener World Newswith the concerted efforts of everyone, the platform of
HKSFC has become more and more stable and has received
the care and support from the industry colleagues, thegovernment and the society, which has enabled HKSFC togrow stronger and stronger.
On the spot, Mr. Ping-fai Tsui presented the appointment
certificates to the 10th Council members. He encouraged
the Association to continue to play a bridging role andcontribute more to the Hong Kong fastener industry.

Industry Developmentin furniture where weight and pressure are a concern. Structural
wood screws are used in the arts and crafts business to make arange of things, including picture frames and birdhouses, which
are likely to foster segment growth through 2032.
The structural wood screws industry in Europe is set to register
significant growth through 2032 as more constructions are opting
for wood-based structures. The increasing focus on reducing
carbon footprints, there is a growing preference for wooden
structures over concrete and steel. Moreover, as the demand forwooden structures continues to grow, the regional market is set torecord substantial development through 2032.

Structural Wood Screws
Market to Hit US$7.5
Billion by 2032
Structural Wood Screws Market is
expected to cross a valuation of USD 7.5
billion by 2032, according to the latest
research report by Global Market Insights
Inc.
The industry growth is driven by theincreasing demand for these screws inconstr uction and home improvement
projects. Expansion of the constructionindustry has led to the extensive usage ofthese screws for framing, decking, andother structural applications. Additionally,
the growing popularity of DIY projects
among homeowners is likely to support
the business expansion. As more and more
people are taking up DIY projects to savemoney and customize their homes, thedemand for these screws is expected toincrease further.

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T he ca rbon steel st r uct u ra l woodscrews market is set to gain immense
traction from 2023 to 2032 owing to therobust expansion of the building sector
in emerging nations and growing publicawareness of the advantages of utilizing
high-quality building materials. Carbon
steel screws are ideal for use in building
projects due to their high tensile durability
and sturdiness. Additionally, they areless prone to corrosion and rust, which
increases their lifetime, and contributes totheir higher acceptance rate.
The structural wood screws market has
been steadily growing from the furnitureand crafts application segment as moremanufacturers and DIY enthusiasts use
these screws in their projects. One ofthe primary benefits of structural woodscrews is their capacity to withstand heavy
weights, which makes them ideal for use
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China Fastener World NewsEU Approved Several Major Climate
Policies in Mid-April

their carbon emissions. The new rules require these sectors to reduce
their greenhouse gas emissions by 62 percent in 2030 compared to2005, and will phase out free carbon credits from 2026 to 2034.

The European Parliament approved several major climate
policies on April 18 to pave the way for achieving EU's carbon
reduction targets. First, the Emission Trading System (ETS)
will phase out free carbon credits, while the carbon borderadjustment mechanism (CBAM) will be officially implemented
in 2026 to raise carbon tax on imported iron, steel, cement andother products. EU expects to set up a second ETS in 2027 toinclude carbon emissions from buildings and transportation.
Finally, EU will also create a new social climate fund to
reduce the energy and transport burden on the poor.

Reuters reported that carbon emissions from the sectors coveredby the ETS have been reduced by 43% since 2005. In addition, theprice of carbon credits in the European carbon market has come to 94
euros per metric tonne, almost four times the price in early 2020, due
to the expected psychological impact. In February this year, the priceexceeded 100 euros per metric ton.

These bills are largely based on agreements reached
between the European Parliament and EU member states atthe end of 2022. Although the European Parliament will pass
the bills and the member states will vote on them before they
are formally adopted, it is expected that there will not be manychanges. The series of bills passed by the European Parliament
are all part of EU's large-scale climate change plan "Fit for55", which aims to reduce net greenhouse gas emissions by
55% by 2030 compared to 1990.

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The reform of the EU carbon market was approved by theEuropean Parliament with 413 yeas, 167 nays and 57 abstentions.
The carbon market mainly regulates the power generationindustry and factories. Under the principle that polluters shouldbe the ones to pay, they must purchase carbon credits to offset

060 惠達雜誌In addition, the European Parliament voted to set up a new carbon
market, namely ETS 2, for the transport and construction sectors in
2027. The proviso is that if energy prices are unusually high in 2027,
the schedule will be extended to 2028. The European Parliament has
also voted to include the shipping sector in the ETS, and shipping will
be required to pay for carbon emissions from 2024 onwards; in theaviation sector, free credits will be phased out by 2026 to encourage
the use of sustainable aviation fuels.

India's Current Measures in
Response to CBAM
India has set up an inter-ministerial groupto study the impact of EU's Carbon Boundary
Adjustment Mechanism (CBAM). India's initialassessment is that the main impact will be on exports of steel, ironand aluminum, which will be taxed at 20%-35% after the official

China Fastener World News
implementation. The inter-ministerial group is exploring ways
to mitigate the impact of the CBAM on Indian exports andis considering ways to assist the industry, including mutual
recognition of inspection and certification bodies and theCarbon Credit Trading Scheme (CCTS); in addition, EU has
developed different taxation standards for steel produced in lowemission short-process electric arc furnaces and steel producedin blast furnaces. India needs to investigate the structure of thedomestic steel industry first to help manufacturers transform.

and aluminum is China. However, the proportion of steel andaluminum in China's total exports to Europe is not high. According
to the data provided by the industry, in 2022, China's steel exports
to Europe amounted to 15.1 billion euros, accounting for 2.4% ofChina's exports to EU; aluminum exports to Europe amounted to 4.5
billion euros, accounting for 0.7% of China's total exports to EU.
The EU launched the carbon tax in an attempt to protect local
enterprises in the EU. As the world's largest carbon emitter, Chinaneeds to study and prepare in advance in these aspects, and strive
to intervene as soon as possible in the rule-making stage.

The CBAM Impact on China

Among the products currently covered by the EU carbon tax,
steel and aluminum are the main targets. Among the countries
covered by the EU carbon tax, the largest source of both steel

How Much Carbon Tax will China Steel
Industry Have to Pay to the EU in the Future?
The director of the Institute of Metallurgical Industry Planningof China said that although CBAM was officially approved, thecalculation method of the actual price paid for carbon emissions
from steel products is not yet clear. Therefore, the annual carbon
tariff that China's steel industry will have to pay to the EU after
CBAM is implemented cannot be accurately estimated, and can
only be roughly calculated based on the materials available andthe understanding of the EU carbon market. Based on CBAM
rules that have been issued, considering the annual volume of steel
products exported from China to the EU (e.g., 3.89 million tons in2022), as well as the total amount of steel products exported to theEU (e.g., US$6.44 billion in 2022), and the carbon price in the EU

China Fastener World no.68/2023

EU's carbon tax policy will have a more obvious negative
impact on China. The reason is that China is the world's factoryin global division of labor, producing a large number of products
for the world market, and it is also a major exporter of industrial
goods, exporting a large number of products to developed
markets. EU had been China's largest trading partner for years,
and only in recent years has it receded to become China's
second largest trading partner. Such characteristics put Chinaright under the constraints of the EU's carbon tariff policy. For
China, it not only consumes a lot of energy and environmental
resources to produce products for the international market, butalso has to bear the resulting carbon costs.

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061

China Fastener World News
carbon market, a preliminary estimate shows that the export costof the Chinese steel industry will increase by 4%-6%. Roughly
UD$200 million to US$400 million per year in carbon tax will
have to be paid to the EU.

(China) West Chongqing Region to Double
the Size of the Parts Industry by 2027
On May 9, Chongqing Municipal People's Government
released the "Action Plan for Doubling the Development of
Smart Networked New Energy Auto Parts Industry in West
Chongqing Region (2023-2027)" (hereinafter referred to as
the "Action Plan"). According to the plan, by 2027, the scaleof smart networked new energy auto parts industry in western
Chongqing will double, the number of auto parts enterprises willreach 1,000, and the output value will reach RMB 400 billion.

China Fastener World no.68/2023

Jiangjin District, Hechuan
District, Yongchuan District,Dazu District, Bishan District,Tongliang District, Tongnan
District, Rongchang Districta n d o t h e r a r e a s i n we st e r n
Chongqing are the "pillars" ofthe development of Chongqing's
smart networked new energy
auto parts industry.

062 惠達雜誌In order to further promote the high-quality development of thesmart networked new energy vehicle parts and components industry
in western Chongqing, to build a high-quality ecology, and to strongly
support the construction of Chongqing's world-class industry cluster,
the Action Plan sets the goal of building a number of innovation
platforms, breaking through a number of core technologies,
developing a number of special products, developing a numberof special products, creating a number of industrial chains, andaccelerating the establishment of the country's leading industry base.

SAIC Group's New Energy
Vehicles to Expand
Overseas
From April 26 to 29, Shanghai Mayor
led a delegation from Shanghai to Indonesia
t o p r o m o t e h i g h - l eve l a n d p r a g m a t i ccollaboration between Shanghai and Indonesia to build a link
between China and Indonesia.
During his meeting with Minister of Maritime and Investment
Coordination, Shanghai Mayor said he would further deepen theeconomic and trade relations and industrial cooperation between
Shanghai and Indonesia, support enterprises to expand two-way
investment cooperation, and welcome more Indonesian enterprises toparticipate in expositions. The Mayor and the Minister witnessed theChina Fastener World Newssigning of a Memorandum of Understanding for SAIC-GMWuling Indonesia's new energy vehicle project.
On April 30, SAIC Group announced that its subsidiary
SAIC-GM-Wuling and the Ministry of Marine and Investment
Coordination of Indonesia officially signed a memorandumof understanding on new energy vehicle investment projects,
which will actively expand investment in Indonesia, andintroduce more new energy vehicles to the local market.

China's Crude Steel Output Rises to
RMB 261.56 Million Tons in Q1
Official figures show that in the first quarter, China's crude
steel production rose to 261.55 million tons, up 6.1% year-onyear; steel production rose to 332.59 million tons, up 5.8%
year-on-year. In the first quarter, the apparent consumption of
crude steel amounted to 243.42 million tons, up 1.9% year-onyear. In March, China's crude steel production averaged 3.09
million tons per day, the highest level ever for the same period.
According to China Iron and Steel Association (CISA), in
the first quarter, the average China Steel Price Index (CSPI)
was 117.32 points, down 13.68% year-on-year. Since thebeginning of this year, despite the steel prices having pickedup month by month, the end of March CSPI landed at 118.54
points, an increase of 2.88% over the end of last year, but inthe same period, the price of imported iron ore was also risingmonth by month, reaching USD 117.70 per ton in March, anincrease of 27.8% over the end of last year.

Almost Half of the
Spanish will Consider
Buying Chinese New
Energy Vehicles

China Fastener World no.68/2023

According to the Spanish press Diari deTarragona, almost half of the Spanish people would consider
buying a Chinese car as their next car, as Chinese new energy
vehicles are on the rise. In Germany and the UK, the numberof people who think so also reached 30% and 29% respectively.
According to the report, China's new energy vehicles are ofhigh quality and affordable, and are already leading the worldin the field of electric vehicles.
A figure released in April by Spain's ANFAC (Associationof Automobile Manufacturers) shows that the value of Chinese
cars sold in Spain in 2022 will be about 1.39
billion euros, 68 million euros higher than in
2021, which means that Chinese car brands are
gaining a foothold in the European market.
However, there are still some people who have
opinions about cars made in China. For example,
47% of respondents have doubts about the qualityof manufacturing, 43% are worried about aftersales service, 31% are unfamiliar with Chinese
brands, and 17% and 9% are due to politicalstance and aesthetic issues.

064 惠達雜誌

Chongqing City Signs More Than RMB
200 Billion Projects Focusing on New
Energy Vehicles
Chongqing City 2023 Q1 Investment Meeting and Contract
Signing was held in Chongqing on April 6th, with 70 major
investment projects, and the official contract investment
amounting to RMB 208.67 billion. The project focuses on smart
network for new energy vehicles, integrated circuit, biomedicine,
software information, technology innovation and other key
industrial areas.
According to the introduction there are 55 projects above
RMB 1 billion , accounting for 78.6% of the signed contracts;
among them are 5 projects of RMB 10 billion, 10 projects of
RMB 5 billion, 10 projects of RMB 3 billion and 30 projects of
RMB 1 billion. The projects are mainly industrial-based, with
49 industrial projects and a formal contract investment of RMB
176.85 billion, accounting for 70.0% and 84.8% of the signed
contracts respectively.

Companies Development
SENCO Opens Global Headquarters inCincinnati
KYOCERA SENCO Industrial Tools (SENCO), a global leader
in fasteners and power fastening tools, has announced the openingof its official global headquarters in Cincinnati, Ohio. The newly
renovated facility will bring employees from all SENCO divisions
under the same roof, allowing closer collaboration and improved
quality control, as well as fostering innovation.
The grand opening held on May 25 follows an extensive
expansion and renovation of the company’s production facility thatbegan in 2021. The renovation project added 32,000 square feet of
new office space for business operations staff, including executive,
sales, marketing, and administrative teams. SENCO employs
400 American workers, approximately 80% of whom are now
headquartered at the new facility.
Kyocera Corporation, of Kyoto, Japan, acquired SENCO in 2017and has invested millions of dollars in the Cincinnati facility tosupport manufacturing equipment and research and development
projects over the past four years.
The construction project began in January 2022 and wasrecently completed with all Cincinnati based employees now

China Fastener World News
working from the updated facility. Besides office and manufacturing space, the new facility is designed to have a campus-likeatmosphere that inspires employees’ personal and professional development and engagement. It includes a cafeteria serving hot meals
and a dedicated training, product education and innovation center.

BUMAX Continues to Deliver
Fasteners That are Out of This World
Specialist fastener manufacturer BUMAX has been
selected to provide crucial fasteners to be used on theInternational Space Station (ISS). BUMAX 88 fasteners will
be used to secure a new payload going to the ISS to measure
the speed of sound. BUMAX premium fasteners include
some of the strongest in the world and are being used in avariety of extremely demanding and cutting-edge scientificapplications, such as at the scientific research institute CERN
in Switzerland and for the world’s largest optical telescope innorthern Chile.
The space sector continues to benefit from the BUMAX
fastener range with various applications. BUMAX extra
strong and fatigue resistant model 88 has been selected tosecurely fasten the housing of a new payload on the ISS called Granular Sound. Granular Sound is an experiment in space to measure
the speed of sound through a cube filled with glass balls (a so-called package) in microgravity at different package pressures. The
experiment uses thousands of glass balls to simulate granular media like sand or concrete.
“The housing of this package will be securely fastened by BUMAX 88 fasteners to avoid the balls from flying around the ISS,” said
Lukas Pfeiffer, Project Manager & Systems Engineer at OHB System AG. “The microgravity experiment will provide valuable datafor various terrestrial and space applications – from more effective concrete processing to 3D printing in space or on the moon.”
The enhanced properties of BUMAX 88 fasteners are achieved through a combination of unique BUMAX manufacturing
processes and the highest quality European steel. “Being trusted with supplying fasteners for projects such as CERN and ISS, which
are essential to the evolution of mankind, is of course a source of immense pride and a testament to the quality of our products
and BUMAX as a whole,” said Lars Holm, Managing Director, BUMAX. “Being chosen again and again for the most demanding
applications means that all our existing and new customers can rest assured that they are getting the best of the best.

Huyett is proud to announce the addition of John McCall as Regional
Sales Manager for the Northeast region and Ontario, Canada. McCallbegan his career in industrial parts and equipment sales 35 years ago as asales manager for WAHA Company while completing his MBA at Union
College in Schenectady, NY. He then moved into a retail consultant position
at True Value Company, where he managed regional advertising programs,
implemented open market surveys, and developed strategic business plans.
During his time with True Value, he ranked #2 nationally in sales revenue
increase and signed a record number of new stores in 2004. His career has
earned him multiple records in sales activity at Briggs and Stratton Company
and CNH Industrial and given him strategic, creative, and managerial
marketing experience.
McCall states that his choice to join Huyett’s team was largely influenced
by Huyett’s leadership, honesty, and values: “They don’t just have their
mission statement on a wall. They live those words. It is not every day you see this culture and the people working in it. When you
have an opportunity to be part of something like that, you take advantage of it and work to contribute and grow it.”Huyett CEO, Timothy O’Keeffe, believes the new addition will bring unique expertise and experience to contribute to Huyett’s goalof developing personal customer relationships.
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China Fastener World no.68/2023

Huyett Welcomes New Regional SalesManager John McCallChina Fastener World News

French JPB Système Announces
Production Milestone of Five
Million Flight Parts
JPB Système, manufacturer of cost- and timesavi ng t e ch nolog y solut ion s for a erospa c e,
aeronautic and other industries, has announced thatit has manufactured five million separate flightparts since the start of its production operations
over twenty years ago. The milestone predominantly
comprises component parts used to produce JPB
Système’s innovative LULYLOK™ B-nut selflocking device and borescope self-locking plug,
both of which are supplied to global aircraft engine
manufacturers including Safran, Rolls Royce, GE
and Pratt & Whitney. The figure also includes anumber of other smaller parts, fittings and fasteners
produced across the company’s Industry 4.0 enabledmanufacturing facilities.
As an advanced B-nut for fittings, JPB Système’s
LULYLOK™ solution features a unique self-locking
device to ensure the sealing of pipes and tubes,
thereby preventing loosening and leakage caused bysevere vibration and extreme thermal conditions.

China Fastener World no.68/2023

Cr ucia l ly, LU LY L OK™ a dd r esses sa fet yconcerns by eliminating the need for a lock-wireor safety cable, tab washers, cotter pins or any
other method of fastening to secure the threadedparts within an aircraft’s engine. This eliminates
foreign object damage while reducing maintenancecosts and installation time. Similarly, the simpleto-use self-locking borescope plug – which, like
LULYLOK™, comprises four separate components– eradicates the need for lock-wires when securing
an engine’s connections prior to visual inspection.
Initially created for SAFRAN in the 1990’s, thedevice reduces human error and overall risk while
improving efficiencies by reducing maintenancetime from one hour to just 10 seconds.
As has been the case for many years, JPB
Système’s self-locking devices are deployed by manyof the world’s leading aerospace manufacturers
across various aircraft engine types. These include
the CFM56 from GE/Safran joint venture CFM
International – acknowledged as the best-sellingengine in commercial aviation history and thestandard engine across the Airbus A320 and Boeing
737 families; as well as CFM’s LEAP-1A, 1B and
1C engines, Pratt & Whitney’s GTF and Rolls
Royce’s Trent 1000 for the Boeing 787 Dreamliner.

066 惠達雜誌

Leading Chinese Auto Parts Company
Invests RMB 1.5 Billion in Zhongde
Industrial ParkOn May 28, the construction of Huaxiang New Energy Auto Parts
Industrial Park was officially launched within Zhongde (Shenyang)
High-End Equipment Manufacturing Industrial Park.
It is reported that the project of Huaxiang New Energy Auto Parts
Industrial Park, with a total investment of RMB 1.5 billion, is amodernized park integrating R&D, production and sales. The parkis planned to have a total construction area of about 120,000 square
meters, mainly containing R&D and testing centers, industrial plants,
comprehensive office buildings and related ancillary facilities.
After the project is completed, it will mainly support Brilliance
BMW's new energy vehicles with automobile chassis, interior andexterior parts and battery shells, as well as develop upstream anddownstream business related to the auto parts industry. The park isplanned to be completed and put into production in May 2024. After the
project reaches production target, it is expected to add an annual output
value of RMB 1.8 billion and an annual tax of RMB 80 million.

(China) Essence Fastening Revenue in 2022
Grows 19.22%
Essence Fastening disclosed
it s 2022 f i na ncia l repor t ,showing that the company
achieved revenue of RMB 470
million in 2022, up 19.22% year-on-year, and net profit attributable toshareholders of the listed company of RMB 6.2 million. In addition, thecompany intends to distribute a cash dividend of RMB2.5 (includingtax) for every 10 shares to all shareholders.
The products are mainly used in the connection and fastening of key
parts of automobile engine turbo systems, gearshift parking control
systems, automobile exhaust systems, automobile seats, lights andmirrors and other interior and exterior systems.
In the first half of 2022, demand in the automobile industry shrankand sales volume declined year-on-year, while in the second half of2022, with the introduction of a series of policies to promote automobile
consumption, automobile sales volume rebounded and the company's
performance rebounded. By quarter, the company's operating revenue
in respective quarters of 2022 was RMB 103 million, 83 million, 148million and 135 million.

China Fastener World News
Acquisition
Ford Aerospace Acquired by SPIROLSPIROL is pleased to announce that Ford Aerospace Ltd
based in South Shields, UK will be joining the SPIROL groupof companies. Ford Aerospace was founded at Tyne Dock
in 1910 by Robert Ford, and the family business has mostrecently been led by the founder’s great-grandson, Chris Ford.
The company specializes in manufacturing high precision
metal components and sub-assemblies for the aerospace,industrial, and high-technology sectors. It’s been a leading
supplier over its 113 year history dating back almost as far as
the first recorded flight in 1903 by the Wright Brothers.
Speaking about the sale, Chris Ford said, “Ford Aerospace
is, and always has been, here for the people, especially our
dedicated and skilled team, and it was important that any new
Ford Aerospace owner shares the values that have been at the heart of the company for over 100 years. Our two companies
have a long history of working together, dating back to 1980 where SPIROL licensed a specialized manufacturing processfrom Ford Aerospace, which is still in use today. SPIROL respects Ford’s strong position in the UK market and our productmanufacturing knowledge. SPIROL and Ford’s approach to its employees and its customers align wonderfully, and I am
excited to see our strong business carry on as part of the successful SPIROL group.”

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Ford Aerospace’s technical skills in ‘space compensating’ management – the production of laminated and solid shims
which ensures fast, precision tolerance compensation used on products such as fuselages, gearboxes and movable components– was a key offering that attracted SPIROL. These solid and laminated shims enable clients to reduce stock of individual
shims and offers the option of “sizing” a particular shim by adjusting the shim pack to the desired thickness on assembly.
These products simplify the assembly process while simultaneously reducing the overall cost of the assembly.

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