4/25/2012 2:40:00 PM
HEADLINES
Fastener Exports from Taiwan Hit All-Time High

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Taiwan’s fastener industry recorded a record high output exceeding NT$140 billion in 2011 despite global economic sluggishness, CENS.com reports.

Taiwan exports rose 11.14% to a record US$3.97 billion, based on statistics compiled by the Taiwan Industrial Fasteners Institute.

Taiwan’s five biggest export markets are the U.S., Germany, the Netherlands, Japan and the UK.

“Fasteners for automotive use have been the industry’s major growth engine in recent years,” writes Steve Chuang of CENS.com. “This is a segment that requires advanced technological specifications and manufacturing capabilities, so it is increasingly seen as a category that will enable producers to withstand underselling by emerging rivals.” ©2012 GlobalFastenerNews.com