Bulten is leasing a manufacturing facility in Taipei through its subsidiary, PSM Fasteners Taiwan Ltd (PSM Taiwan).  The new location allows for a more efficient and sustainable operation and a base for further expansion.

PSM Taiwan was acquired by Bulten in February 2020.  PSM Taiwan produces machined, smaller dimension fasteners for automotive and non-automotive customers.  PSM Taiwan will transfer its operations to the new site, approximately 30 minutes from the existing one.

The larger floor space will make it possible to both in-source a portion of the components that are currently purchased from suppliers, and to utilize PSM Taiwan for production in connection with new contracts.

“We are continuing to move ahead with the plans we made in connection to the acquisition of PSM and this move will enable us to execute on synergies identified early on in that process,” stated CEO Anders Nyström.

Bulten AB is a Swedish public limited company founded in 1873 Bultfabriks AB.  Hot-forging machines were bought in England and were driven by water power from the river beside the factory to produce nails, nuts and bolts.

Beginning in the 1980’s Bulten grew with acquisitions in Sweden, Germany, Poland and China. In the 1990’s Bulten started to focus on the automotive industry.  Bulten subsequently expanded in automotive and grew in Europe, Russia, China and the U.S.  Web: Bulten.com