Anchor Fasteners plans to open a new factory in Kaohsiung, Taiwan, in order to offer customers additional services, Fastener World reports. 

Founded in 1986, Anchor Fasteners Industrial Co. Ltd. provides anchors and rivet nuts to customers in the industrial, construction and automotive sectors. Europe accounts for 40% of company sales, while Asia is 30% and North America totals 25%.

In addition to expanding its facilities, Anchor is also investing in R&D and updating its manufacturing technologies, from machining to cold forming – in order to reduce costs and the consumption of raw materials. 

“Through this R&D and focus on quality, Anchor has been able to expand its market into high value fasteners for the automotive, electronics and construction sectors. In addition, through establishing an alliance in 2008,” Fastener World reports. 

Anchor’s annual revenue is US$40 million.

“It will be critical to continue investing in new capabilities to keep up with changing market dynamics and requirements. For example, in the automotive industry, we are continuing to see a shift toward electric vehicles,” explains Anchor Fasteners.

“Moving forward, it will be essential to continue increasing our product diversification through digital transformation and new manufacturing technologies.” Web: AnchorFast.com