AssociationThe Grand Event of Taiwan Fastener Industry at the End of 2023

Perfect Closure of the 19th TIFI
Member Representatives
MeetingOn December 20th (Wed.), Taiwan Industrial Fasteners Institute (TIFI) held the 19th (4thround) member representatives meeting and the 10th (9th round) joint meeting of the Boardof Directors and Supervisors at HI-LAI Arena in Kaohsiung.
TIFI Chairman Tu-Chin Tsai, Vice Chairman Yung-Yu Tsai, Former Chairman Anchor T. H. Chang,Taiwan CSC Vice President (Commercial Division) Min-Hsiung Liu and over 100 representatives fromNorthern, Central and Southern Taiwan attended this grand event of Taiwan fastener industry at the end of 2023.
The gathering of large manufacturers and many corporate reps demonstrated that Taiwan's fastener manufacturing supply chain not
only strives to contribute to Taiwan's economic performance on the international fastener stage, but also attaches great importance tothe exchange, cooperation and unity of the whole industry.

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In addition, in order to let all attending corporate reps have a better understanding of TIFI's efforts for members' interests in the pastyear, as well as future important activities and financial status, Chairman Tsai instructed Secretary General Huang to conduct the associationaffairs report. In the report, he also gave the good news of 11 new companies applying for the membership.
"I’d like to thank all fastener industry professionals and seniors for their support to TIFI and thank Taiwan CSC for their great assistanceto Taiwan fastener industry. Thanks to the efforts of all of you, the output value of Taiwan fastener industry reached NT$200 billion last year.
However, we’d like to remind our friends who are mainly engaged in the European and American markets to pay more attention to the current
ESG, energy saving & carbon reduction, CBAM, and changes in the international regional situations, and to think carefully before making any
major investment, so that we can continue to maintain a leading edge in the future in the competition from the same industries in Vietnam,
China, Indonesia, and Thailand, etc," said Chairman Tsai.

"At present, the global market has shown an improvement. Accordingto the recent statistics of TIFI, the export volume of Taiwanese fasteners
from January to November this year reached more than 1.1 million
tons. Although the export volume declined by 16.3% in a single month,compared with the average 25% decline in January to November, it
has been converged. The internal survey of Taiwan CSC also showsthat the orders from small screws customers have shown an increase ofabout 20%, and those from wire drawing customers have also shown anincrease of about 20%-30%. We’re confident that the fastener industry
will gradually improve. With regard to carbon neutrality, Taiwan CSC
will also assist all of you in conducting carbon inventories and will
work together with all of you toward low-carbon/digital/supply chaintransformation, and work toward high value-added products,” said
Taiwan CSC Vice President (Commercial Division) Min-Hsiung Liu.
Since its establishment in 1969, TIFI has continued to be a voice forits members' rights. In 2020, TIFI moved to the current site of Taiwan Fastener Museum in Gangshan (Kaohsiung), in order to facilitate theservice provided to its members. Under the leadership of the past and incumbent chairmen of TIFI, the number of members has now reachedabout 700. TIFI is currently the largest fastener industry association in Taiwan.
Chairman Tsai also announced that after Taiwan International Fastener Show was scheduled to take place on June 5-7 2024, TIFI willhold a member representatives meeting again to re-elect the board of directors, supervisors, permanent directors & supervisors, supervisorsconvener and the new chairman as soon as possible, and will inform the members in advance.
Copyright owned by Fastener World / Article by Gang Hao Chang, Vice Editor-in-Chief惠達雜誌 Fastener World no.204/2024

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