1/5/2010
NEWS BRIEFS
Taiwan Fastener Manufacturers Form Alliance to Promote High Value Fasteners

Taiwan fastener manufacturers, the Metal Industries Research & Development Centre and China Steel Corporation have formed the High Value Fasteners Research Alliance to promote development of high value fasteners.

More than 100 people attended the founding meeting in Kaohsiung last month.

The Taiwan Industrial Fasteners Institute and seven manufacturers are participating.

China Steel Corporation president Chen Yuancheng said the mission of the alliance is to “extend the cooperation from technological researches to marketing avoiding duplicate investments and cut throat competition of haggling, to sell the products of downstream manufacturers directly to end users thus avoiding the profits to be exploited by intermediaries.”

“Hence, the fastener manufacturers can earn profits, make the alliance a profit making alliance and ultimately expand the effectiveness of industry upgrading,” Chen said. ©2010 GlobalFastenerNews.com

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