8/10/2012 12:13:00 AM
NEWS BRIEFS
Fastener Investment Demand High in Taiwan
To keep fastener investment flowing, the Economic Development Bureau of Kaohsiung City Government proposed the construction of two more industrial parks, Fastener World reports.
“(The) fastener industry is an important local industry in Kaohsiung,” said Mayor Chen Chu.
Because Kaohsiung is a “fastener powerhouse,” the demand for more production facilities is high, the bureau pointed out.
One of the new parks will be located north of Gangshan Benjhou Industrial Park and cover approximately over 80 hectares, while the second is slated for the Alian metal fastener logistic park, with a land area of about over 100 hectares, according to Fastener World.
Taiwan’s fastener exports achieved all-time highs in 2011, ChinaFastener.com reports. Export volume increased 11.14% to 1.42 million tons, and the value of those exports jumped 23.61% to US$ 3.97 billion.
The U.S. imported 520,000 tons of fasteners — 36.6% of the overall export total for Taiwan. The unit price ranged from $2.5/kg to $2.8/kg.
Germany (145,000 tons), the Netherlands (86,000 tons), Japan (64,000 tons), and the UK (60,000 tons) rounded out the top five importers of Taiwan fasteners, according to ChinaFastener.com. ©2012 GlobalFastenerNews.com
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