8/15/2016
HEADLINES
Supply Chain Boosts Taiwan’s Fastener Industry
MEDIA SPOTLIGHT – Taiwan is an important part of global industry, supplying industrial parts with reliable quality and competitive prices, CENS report.
“Taiwan’s phenomenal economic achievement is attributable to local manufacturing industries, including the fastener sector, which has developed sustainably for over five decades and makes the island world’s second-largest supplier of such products by quantities only next to China, partly thanks to insiders’ hard work on enhancing value and partly to a well-developed, well-integrated supply chain developed at home,” writes Steve Chuang for CENS.
Taiwan’s fastener industry is now composed of over 1,250 manufacturers and subcontractors, with about 40% clustered in Taiwan’s southern cities of Tainan and Kaohsiung.
“A key success factor among others enabling the industry to have developed sustainably for over a half century is the industrial cluster in southern Taiwan, which turns out to be a thorough supply chain and, in turn, helps sustain the industry’s development,” according to CENS.
Among the most influential suppliers is Kaohsiung-headquartered China Steel Corp. (CSC), Taiwan’s largest domestic steelmaker and wire rod supplier by size.
To help local fastener manufacturers explore higher-end markets, CSC has developed value-added materials, such as A286 nickel-based high-performance alloy, applicable to make bolts for aircraft engines and components; SCM435-graded steel for production of high-strength bolts for cars; and CH1T and CH1A, extra low carbon cold heading steel for precision fasteners, Chuang writes.
“Also notable is that CSC has developed high-precision nuts and screws made of titanium alloy, which sends the firm to Apple Inc.’s supply chain of iPhone 6 and helps boost Taiwan’s images as world’s top-end supplier of titanium-made, miniature and lightweight fasteners.”
Recently CSC signed an agreement with Taiwan Institute of Fastener Industry and 20 fastener companies to develop the cloud for Taiwan’s fastener manufacturing services.
“The platform, developed jointly by CSC and domestic IT firms and universities, is designed to help the industry with business matchmaking, enhanced exchanges of industrial know-how and technologies and full-blown supply chain management, so as to better promote Taiwan-made fasteners worldwide.”
Editor’s Note: Articles in MEDIA SPOTLIGHT are excerpts from publications that show the industry what the public is reading about fasteners and fastener companies.
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