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Industry Development ////Industry//
News//// Association News////Association
Jim Degnan Elected NFDA
President for 2023-2024
Jim Degnan of S. W. Anderson has
been elected as the 2023-2024 presidentof the National Fastener Distributors
Association. Scott McDaniel of TR
Fastenings will serve as vice president,
Mike Robinson of LindFast Solutions
Group will serve as associate chair, andNick Ruetz of AIS will remain on the
Board as immediate past president.
Steve Andrasik of Brighton Best International, Alex
Goldberg of AMPG, Scott Longfellow of Huyett, and Ed
Smith of Wurth Revcar have been elected to serve on the
Board of Directors effective June 13, 2023. Continuingon the NFDA Board are Gigi Calfee of Copper State
Bolt & Nut, Jake Glaser of Sherex Fastening Solutions,and Melissa Patel of Field.
Recognition was paid during the meeting to retiring Board members Kelly
Charles of Sems & Specials, Jon Queenin of Specialty Bolt & Screw, andKevin Godin of AFC Industries. A special tribute was made in memory ofMarc Somers of Mid-States Bolt & Screw.

Becomes Associate
Member of BIAFD,
British & Irish Association of Fastener Distributors
EazyStock, a leading inventory optimisation software provider, is pleased
to announce its recent partnership with the British & Irish Association ofFastener Distributors (BIAFD) as an associate member. This collaboration
aims to support the BIAFD’s efforts in keeping their members informed on
fastener-related issues and helping the fastener industry streamline operations
and increase profitability.
The BIAFD is a well-respected organisation dedicated to promoting
the interests of fastener distributors throughout the UK and Ireland. As an
associate member, EazyStock is excited to contribute to the association’s
mission to enhance the industry’s efficiency and competitiveness.
As inventory optimisation specialists, EazyStock’s experts provide fastenerindustry professionals with advanced tools and techniques to set the right stocklevels, manage stock replenishment, and forecast demand accurately. The result
is efficient supply chain management, ensuring crucial components reach theirdestinations on time.

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U.S. DoC Launches AntiCircumvention Investigation on
Carbon Alloy Steel Threaded Rods
O n Ju ly 12 , 2 0 23, t he U. S. D e p a r t me nt ofCommerce announced the initiation of an anticircumvention investigation of steel threaded rods
and carbon and alloy steel threaded rods imported
from China in response to a petition filed by U.S.
firm Vulcan Threaded Products Inc. The investigation
was initiated to examine whether carbon and alloysteel threaded rods made from unthreaded pins
imported from China and produced in the UnitedStates circumvented existing anti-dumping andcountervailing measures.
On March 26, 2008, the U.S. initiated an antidu mpi ng i nvestigation of st e el t h reade d ro d s
originating in China, and on April 14, 2009, the U.S.
formally imposed anti-dumping duties on China's steel
threaded rods. Since then, the U.S. has conducted twosunset review investigations, issued two affirmative
rulings, and extended the duty period, and the products
involved in the case are listed under U.S. tariff
numbers 7318.15.5051, 7318.15.5056, 7318.15.5090,
and 7318.15.2095.
On Ma rch 14, 2019, the U.S. Depa r tment ofCommerce initiated an anti-dumping investigation ofcarbon alloy steel screw rods imported from China,
India, Taiwan, and Thailand, and also initiated a
countervailing investigation of the products involved
and imported from China and India. On February
10, 2020, the U.S. Department of Commerce issued
affirmative final anti-dumping and countervailingdeterminations of carbon alloy steel threaded rods
imported from China and India. On April 9, 2020, theU.S. Department of Commerce issued an affirmative
final anti-dumping determination of carbon alloy steel
threaded rods imported from India, and an affirmative
final countervailing determination of carbon alloysteel threaded rods imported from India. The U.S.
formally imposed anti-dumping duties on China's
carbon alloy steel threaded rods and, at the same time,
imposed countervailing duties on China's and India's
carbon alloy steel threaded rods, which involved
the products under U.S. Tariff codes 7318.15.5051,
7318.15.5056, 7318.15.5090, and some of the products
under Tariff codes 7318.15.2095, 7318.19.0000,
and the products under tariff codes 7318.15.2095,
7318.19.0000, and 7318.19.0000 products.

Fastener World NewsUK Signs Agreement to Join CPTPP, Effective
as Soon as H2 2014
After nearly two years of negotiations, the British Minister for
Business and Trade, Kemi Badenoch, officially signed to join on July
16th in New Zealand when participating in the ministerial meetingof the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP).
This is the largest trade agreement since UK left the European
Union. In the future, more than 99% of UK exports to CPTPP
countries will be exempt from tariffs, and together with UK, thecombined GDP of CPTPP countries will reach 12 trillion pounds,
accounting for 15% of the global GDP. The agreement is expected
to come into effect in the second half of next year after it passes
the review and legislation of the British Parliament. Meanwhile, the
CPTPP member countries are gathering information on other applicant
countries, such as Taiwan and China, to determine whether they meetthe high standards for membership.

Taiwan Climate Change
Agency: EU Must Adjust
Free Allocations in CBAM or
It Will Create Trade Barrier
CBAM will be launched on a trial basis
in October. Initially, no fee will be charged,
but importers will be required to submit carbon emission data. The
Deputy Director of Preparatory Office of Climate Change Agency(Taiwan) said that CBAM is mostly based on a free allocation system
which will be turned into an auction-based system starting in 2034.
The price is about 100 euros per ton which is high, but because of the
adoption of free allocation for most of the emitted carbon, only a small
fraction of about 2 to 3% of the carbon emissions need to pay a carbonfee, which is different from Taiwan which charges a fee on every ton ofcarbon. Therefore, when CBAM is officially on the road in 2026, theEuropean Union must adjust the free allocation method and integratewith the calculation method of every country, otherwise it will form adifferent trade barrier.

South Africa Extends Fastener Safeguard
Measures for 3 Years
South African International Trade Administration Committee(ITAC) decided, from July 24 this year, to extend the three-year hightariff defense measures on steel or iron screws, bolts and hexagonal
nuts. The measure is divided into three phases to respectively levy
48.04%, 46.04% and 44.04% defense duty.
SAFMA's provided information to apply for the extension of themeasure includes initial recognition that the South African fastenerindustry in the original defense measures (August 1, 2020 to July 31,2023) has carried out industrial adjustment, but if the defense measures
are terminated, the South African industry will suffer from thereduction in sales, shrinkage of production capacity, declined market
share and labor employment, and reduction in equipment utilization
and revenue, among other damages; therefore, it was decided to extend
the defense measures and finally a decision on the extension of the
defense measures was made.

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Malaysian Government Develops
Strategic Roadmap to Accelerate
Energy Transformation
Ma laysia has revised its Nationa lly Deter m i ned
Contribution (NDC) to reduce greenhouse gases by 45% by2030, Prime Minister Anwar Ibrahim said in his keynote
speech at the Asian Energy Congress 2023. The country's
efforts to realize the NDC have been incorporated into the12th Malaysia Plan (12MP) and the National Energy Policy
2022-2040 (NEP 2040).
The Malaysian government is in the process of developing
several strategic roadmaps, including the National Energy
Transformation Roadmap (NETR) and the Hydrogen
Economy and Technology Roadmap. The most importantof these is the National Energy Transformation Roadmap,
which will be supported by the hydrogen economy and theTechnology Roadmap and will pave the way for Malaysia toachieve environmental sustainability and long-term energy
security through technological innovation. Both roadmaps
are expected to be launched in the second half of 2023.
Meanwhile, Malaysia continues to recognize that natural
gas plays an important role in the energy mix and is one of
the cleanest hydrocarbons for the transition to a low-carbon
economy. At the same time, the Malaysian government iscommitted to joining the Global Methane Pledge to reduce
methane emissions by 30% by 2030.

Vietnam to Start Construction of 5
Major Transportation Projects by the
End of 2023
Uong Viet Dung, Director of the Office of the Ministryof Transportation of Vietnam, said on July 10, 2023 at a
meeting on the Ministry's first-half results and secondhalf work plan, that by the end of this year, the ministry
will start five major transportation projects, including thecrossroads connecting Cho Chu and Trung Son, a roadconnecting Rach Soi and Ben Nhat, a road connecting Go
Giao and Vinh Thuan, an expressway connecting Hoa Lien
and Tuy Loan, and Dai Ngai Bridge, which pass through theroads of Ho Chi Minh City.

Fastener World News
Director Uong said that in the first half of the year, theministry has completed and started operating a number of majortransportation projects to meet the demand for usage, including theexpressway connecting Phan Thiet to Dau Giay, Vinh Hao to PhanThiet, and Nha Trang to Cam Lam. In addition, the upgrade of
the railroads from Hanoi to Vinh City and from Vinh City to Nha
Trang City has been completed.

Not Just the Next China! India to Becomea Superpower Economy According to
Research
Due to the U.S.-China technology war that continues to push
India's position in the international market, the U.S. research
institute Riedel pointed out that India is not the new China, that it
will be in accordance with its own rhythm and pace forward. The
institute is optimistic that India will be able to achieve high growth
as a super emerging power.
CNBC reported that David Riedel, CEO of Riedel, prefers and isvery optimistic about India over China because the Indian economy
is much larger than China's. In addition, he believes that India's
economy is likely to exceed expectations over the next six months
to two years, and he emphasized that "India, whether in the past or
the future, is a very different country from China".
However, India also has some problems to solve. India's economy
has long been stagnant in the middle-income level, and has not
yet entered the ranks of high-income countries, but David Riedel

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believes that India will have the opportunity to achieve higher
economic growth than expected in the future.
On the other hand, the economic outlook for China is a little
bleaker. David Riedel predicts that China will not be as strong in
the next five years as it has been in the past five years, as more
and more foreign companies decide to move their supply chainsand factories out of the country, resulting in more and more young
people being unemployed in China, with the unemployment rate ofyoung people between the ages of 16 and 24 climbing to a record
high of 20.8% in May, according to statistics.
In addition, China recently released a series of lower-thanexpected economic data, from which we can see that its economic
growth trend is gradually slowing down. In addition, China's
factory activity has been in contraction for the third consecutive
month. China's manufacturing PMI (Purchasing Managers' Index)
was 49 in June and non-manufacturing PMI was 53.2, both a record
low this year.

Fastener World News
Indian Steelmakers May be Mandated
to Use Partial Capacity for Green Steel
Manufacturing
Green steel refers to the production of steel without relying
on any fossil fuels. Union Steel Minister Jyotiraditya Scindia
hinted that the Indian government may make it mandatory forsteelmakers to devote a part of their capacity to green steel
manufacturing in the future. The government may also look atways to ensure greater usage of the green steel in government
projects as well, he added.
Scindia said the private sector steel users in India are
actually moving towards committing to more and more green
steel in their projects and also noted that some manufacturers
have already launched branded green steel products. The
minister said breakthrough technologies and disruptive
innovations like hydrogen-based steelmaking coupled withcarbon capture, utilisation and store (CCUS) hold hugepromise for the future.
He said India has emerged as the epicentre for the evolution
and growth of the steel sector globally and has been able toachieve landmarks like production touching 125 million tonnes
and consumption growing over 11 percent in the last nine
years. In 2022, even as the global finished steel production
declined by 4.2 percent, India could post a 6 percent growth,
he said, adding that the per capita steel consumption has now
increased to 78 kgs from 57 kgs in 2014.
The overall growth has made investors interested in the
sector and the government in March, signed 57 pacts with27 companies under the production-linked incentive (PLI)
scheme, which will add 25 million tonnes to the steel capacity,
he said. The capacity addition will see investments of Rs
30,000 crore and also create 60,000 jobs, he added.

New Zealand Subsidizes Green
Electricity Steelmaking, Equivalent toReducing Carbon Emission of 300,000
Cars
O n May 21st , 20 23, New Z e a la nd a n nou nc e d t he
implementation of the largest carbon reduction program in the
country's history. The government will spend US$140 million
to subsidize the steel giant NZ Steel, which expects the steel
mill in Glenbrook to switch from coal-based steelmaking to
renewable electricity, a policy that the government says isequivalent to cutting carbon emissions from 300,000 running
cars.
"The grant program demonstrates the importance the New
Zealand Government places on reducing carbon emissions
as quickly as possible, and working with NZ Steel on thisprogram will have significant environmental benefits andaccelerate New Zealand's decarbonization process. Thispartnership is only possible because of government funding,"
said Prime Minister Higgins.
The New Zealand government mentioned that the US$140
million subsidy to NZ Steel was drawn from the Government's
Carbon Reduction and Transformation Industry Fund (GIDI).
惠達雜誌 Fastener World no.202/2023

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Fastener World News
With a total amount of US$650 million, GIDI not only assists New Zealand's R&D in carbon reduction technology, but also works withindustry and government to reduce carbon emissions and accelerate the establishment of a zero-carbon energy system.
If this carbon reduction program runs smoothly, it is estimated that New Zealand's carbon emissions will be reduced by 800,000 tons
per year, which is equivalent to removing the carbon emissions of all cars in Christchurch, the largest city in New Zealand's South Island.
NZ Steel accounts for 2% of New Zealand's annual greenhouse gas emissions. However, once this decarbonization program is achieved,
it will reduce New Zealand's total carbon dioxide emissions by 1%, help New Zealand achieve its Net Zero goal by 2050, and movetowards the vision of "limiting global warming to be within 1.5 degrees Celsius".
Climate Change Minister James Shaw believes the program will help the government reduce its carbon tax bill in the long term, saying,"This program will reduce New Zealand's carbon emissions by about 5.3% in the second phase of the carbon budget from 2026 to 2030,
and by about 3.4% in the third phase of the carbon budget from 2031 to 2035."

China Sold 3.74 Million New Energy Vehicles in H1 2023
According to the China Association of Automobile Manufacturers (CAAM), China's
automobile production reached 13.248 million units and sales reached 13.239 million
units in January-June 2023, up 9.3% and 9.8% respectively. Among them, new energy
vehicles continued to grow rapidly, with production reaching 3.788 million units andsales reaching 3.747 million units, up 42.4% and 44.1% respectively.
In terms of vehicle types, from January to June, the production of passenger carsreached 11.281 million units, and sales reached 11.268 million units, an increase of 8.1%
and 8.8% respectively. During the same period, the production of new energy vehicles
reached 3.788 million units and sales reached 3.747 million units, an increase of 42.4%
and 44.1% respectively.
China's vehicle exports also increased, reaching 2.14 million units in January-June, up 75.7%. In terms of vehicle types, 1.78 million
passenger cars were exported, an increase of 88.4%, while 361 thousand commercial vehicles were exported, an increase of 31.9%. Exportsof new energy vehicles amounted to 534 thousand units, an increase of 1.6%.

Companies Development ////Companies//®

NAFCO Orderbook Full
Through 2024
Demand in the aerospace market has
increased dramatically following theend of the pandemic, boosting sales offasteners for NAFCO. NAFCO said theshortage of materials has been alleviated,and orderbook is full through next year. In
2022, NAFCO's revenue recovered to 75%
to 80% of its pre-epidemic level. It is still
difficult to estimate the growth rate of thewhole 2023. We will have to wait and see
how the market fluctuates.
NAFCO specializes in aerospace andautomotive fasteners, with fasteners foraerospace engines in particular being themainstay. Last year, aerospace fasteners
and machined parts accounted for 83.43%of the company's total revenue, while
industrial fasteners accounted for 16.57%.

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Bossard (Shanghai) Introduces a Simulated AssemblyWorkstation to Increase Test Torque to 350 Nm
This assembly simulation system is equipped with a robotic arm that simulates
actual assembly conditions to obtain the torque and angle relationships of theassembly setup, thus verifying the accuracy of the assembly process.
"The accuracy of the high torque assembly process is important for criticalapplications in industries such as rail transportation and automotive. The
introduction of the simulated assembly workstation means that we are in a position to
help these customers solve the problems they may encounter in high torque threaded
connection applications by helping them to find and validate suitable solutions,"
said the engineering departmentof Bossard Fastening Solutions(Shanghai).
I n addition , when couple dwith ultrasonic equipment, thesimulated assembly system canalso obtain fastening parameterssuch as torque, angle, axis force,coefficient of friction, coefficientof torque, a nd a va r iet y ofassembly parameter curves of
the threaded connection during
the fastening process, which is
conducive to a more detailed
analysis of threaded connection.

Fastener World News
Altenloh, Brinck & Co. Celebrates 200
Year Anniversary
ALTENLOH, BRINCK & CO (ABC)is celebrating an unbelievable milestoneof two centuries of existence! Foundedin 1823 in the town now k nown as
En nepetal, Germany, ABC was thefirst in that country to produce screws
on an industrial scale and looks back on a long tradition
dedicated to innovative progress. The most well-known
product manufactured by the global, family-run company is
the SPAX screw, which revolutionized the fastener sector andcontinues to be one of the most innovative fasteners in themarketplace today.

BUMAX Selected for Demanding
Ultrasonic Welding Application
Swedish fastener manufacturer BUMAX has been selected
to provide fasteners to be used in machines for ultrasonicmetal welding. The client is Schunk Sonosystems, a global
leading specialist in the field of ultrasonic metal welding.
German specialist machine maker Schunk Sonosystems
has decided to use BUMAX DX 129 screws for all its
ultrasonic welding flexure sonotrode products to further
improve quality and reliability. The machines are mainly
used in the automobile industry.

Vossloh Secures Another Major Contract for
the Delivery of Rail Fastening Systems in
China
Vossloh has agai nreceived a major orderto supply rail fastening systems for the construction of a high-speed
line in China. The line connects the two cities of Xiong'an in Hebei
Province in the north and Shangqiu in the central Chinese province ofHenan. The order has a sales volume equivalent to almost €50 million
and underlines Vossloh's continued strong market position in theimportant Chinese market.
With a planned route length of over 600 kilometers and speedsof up to 350 km/h, this line will make a significant contribution
to improving the mobility of the population and to the economic
development of the region. The deliveries of the rail fastening systems
will mostly take place in 2024.
"The contract is further proof of the trust and recognition we enjoyin China," says Oliver Schuster, CEO of Vossloh AG, adding: "Thisorder confirms our technological excellence and our ability to provide
innovative and reliable fastening solutions that can withstand thehighest loads. Vossloh has been making a significant contribution to
the development of modern and sustainable transport infrastructure in
China for 17 years now."
The Chinese high-speed network currently covers just over
40,000 kilometers and is set to grow significantly further. By 2035
it is expected to have been extended to over 70,000 kilometers.
The Vossloh Group is represented in China, among others, by its
subsidiary Vossloh Fastening Systems China Co. Ltd. based in
Kunshan. The company employs around 120 employees and is oneof the leading local suppliers of rail fastening systems, especially forhighly demanding applications on high-speed lines.

Tesla in Talks with India to Locally Produce
500,000 EVs a Year

"Standard steel bolts simply cannot cope with the extreme
pulling and bending forces of ultrasonic vibration, so we had
to find a bolt that does,” said Stefan Mueller, Head of R&D
at Schunk Sonosystems. “Of all the screws we tested, only
BUMAX met all our needs. Not only are BUMAX consistentin how they perform and do not break, they last the lifetimeof the sonotrode without problem, are not creating abrasion
dust on the screw head and do not require rust protection.”
The BUMAX DX 129 (Duplex stainless steel) offers very
high tensile strengths of minimum 1,200 MPa and excellent
fatigue resistance properties. It deals successfully withextreme forces during the ultrasonic welding process, such as
20,000 vibrations per second.

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Tesla is in close discussion with theIndian government on an investment plan,and there is hope for a Tesla plant in India
to manufacture electric vehicles, with anestimated annual production capacity of
500,000 units. Tesla intends to expand
the electric vehicle market in the IndoPacific region by using India as an exportbase. Since the automotive industr y's
supply chain was disrupted by the China's
lockdown during the pandemic, many
car manufacturers have begun to look
for alternative production bases in Asia,
favoring India.
Craig Irwin, Managing Director of Roth Capital Partners, said,"Tesla will need to penetrate all regional markets if it is to realize
its long-term growth goals. The challenges that Tesla faces in Chinaemphasize the fact that India is the answer to all of Tesla's problems.
Tesla needs India."
But Tesla's plan to enter the Indian market has had many twists andturns. Tesla has been planning to sell electric cars in India since a
few years ago, but the Indian government has imposed a 100% tax on
imported electric cars. Tesla has repeatedly asked India to reduce theimport tax, but last year the Indian government rejected the request,

Fastener World News
which led to a deadlock between the twosides. Tesla was originally reluctant totake the risk of manufacturing electricvehicles i n I ndia, hopi ng to expor telectric vehicles to India to test the waters
before considering it. In May this year,
India's commerce and industry ministers
returned to the negotiating table with
Tesla representatives, revealing that the
Indian government intends to provide
subsidies and tax breaks to allow Tesla toreconsider investing in its India plant.
According to insiders, what Tesla
cares most about is not only government
subsidies a nd t a x brea k s, but a lso
bringing its own supply chain to India,
but the Indian government wants Tesla touse the existing supply chain of the local
automobile industry in India. "We asked
Tesla about their specific needs for parts
and tried to convince them to source
parts from the Indian EV supply chain,
but they already have long-standing
suppliers," an Indian official said. We arehoping for a breakthrough in the initialnegotiations."

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Tong Ming Enterprise
Launches Online Tong
Ming PlazaOn June 20, 203, Tong Ming Enterprise has put up and officially launched a newplatform called Tong Ming Plaza which displays customized fasteners. This trading
platform is designed for buyers who need to purchase non-standard fasteners. Buyers
and sellers can communicate with each other instantly and conduct transactions
online. There are thousands of suppliers on the platform offering customized products,
allowing buyers to enjoy one-stop purchase through this platform.

Finework (Hunan) Now
Listed on Shenzhen
Stock Exchange
On June 15, 2023, Finework (Hunan) New Energy Technology got listed on
Shenzhen Stock Exchange. Over the past 11 years, Finework has grown into an
enterprise specializing in the R&D and manufacturing of high-end fasteners. Theirpre-embedded screws used on wind turbine blades have gained the highest market
share in the world, and they have become the world's leading enterprise in fasteners
for wind power, with an output value of RMB 1.34 billion in 2022. It is estimated that
Finework has already accounted for 15% of the global wind power fastener market.
Meanwhile, Finework is rapidly expanding its business to high-end equipment fields
such as aerospace, gas turbines and oil, and has made great progress.

Acquisitions////Acquisitions////

Fastener World News

Commercial Metals Company Acquires
EDSCO Fasteners LLC
Commercial Metals Company ("CMC") announced the purchase of
EDSCO Fasteners LLC ("EDSCO"), a leading provider of anchoring
solutions for the electrical transmission market, from MiddleGround
Capital. EDSCO's custom engineered line of anchor cages, bolts,
and fasteners are manufactured principally from rebar and usedprimarily to secure high voltage electrical transmission poles toconcrete foundations. EDSCO serves the North American market fromfour manufacturing plants located in Texas, Utah, Tennessee, andNorth Carolina. Since its founding in 1985, the company has grown
to become the nation's largest provider of anchor cages for concrete
reinforcement and has developed a strong reputation for customer
service and reliability.
"This acquisition further advances CMC's leadership position inconstruction reinforcement and extends our capabilities to new andgrowing applications," said Barbara R. Smith, Chairman of the Board
and Chief Executive Officer. "EDSCO's innovative reinforcement
solutions are well-positioned to benefit from the long-term transition to
renewable energy, which will require extensive investment in electricaltransmission capacity and wind power installations."

Bulten Enters into Agreement to Acquire
Exim & Mfr Holdings Pte Ltd
Bulten has entered into an agreement to acquire all shares in Exim &Mfr Holdings Pte Ltd “Exim”, an Asian, Singapore-based distributor of
fasteners and other components, for a purchase sum of approximately
SGD 66.3 million (SEK 530 million) on a cash-free and debt-free basis.
The acquisition affords Bulten a good platform to grow in new sectors,
where the distribution stage is a pivotal sales channel.
The acquisition is expected to contribute to Bulten’s development
and earnings, and to increase earnings per share. Exim gives Bulten
access to a large, broad customer base in growth sectors in a dynamic
region. The acquisition is an important part of Bulten’s strategy, whichaims for growth outside of the company’s primary customer group of
automotive, and to improve risk diversification, as well as margins.
Anders Nyström, President and CEO of Bulten Group, comments:“Our strategy sets out a clear focus on balancing our sales throughgrowth in customer groups beyond the automotive industry. The
aim is for these to account for at least 20% of sales by 2025. The
acquisition of Exim takes us into the distribution stage, which is a key
to profitable growth in new sectors. Exim is a well-managed company
with an international customer base and developed processes for
distribution and Vendor Managed Inventory (VMI), which is suitablefor industries with completely different purchasing patterns than
Bulten has historically been used to. Exim’s base in Singapore is also
highly attractive. It enables us to take advantage of the strong growthin that region, and we also see potential in using Exim’s sales network
to increase sales for our factories in China and Taiwan. Exim will,
together with Bulten's rapidly growing business to consumer electronics
customers, constitute the beginning of a new industrial segment.”惠達雜誌 Fastener World no.202/2023

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