Fas­ten­ers pro­cure­ment con­fer­ence opens in Tainan; buy­ers ar­rive from 22 coun­tries

The China Post - - LOCAL -

The fas­ten­ers in­dus­try pro­cure­ment con­fer­ence opened Sept. 30 in Tainan, and saw at­ten­dance from 36 buy­ers from 22 coun­tries, in­clud­ing the U.S., Ja­pan, Brazil and Rus­sia.

Held by the Tai­wan Ex­ter­nal Trade De­vel­op­ment Coun­cil (TAITRA) and hosted by the Bureau of For­eign Trade un­der the Min­istry of Eco­nomic Af­fairs, buy­ers this time around aimed to find screws, nuts, ca­bles, screw molds, ma­chine screws and nuts, and hard- ware. Lo­cal dis­trib­u­tors ex­pressed their de­light at the 360 ses­sions of busi­ness op­por­tu­ni­ties and es­ti­mated a profit of NT$26.1 mil­lion.

Deputy Di­rec­tor of the Kaoh­si­ung Branch, Bureau of For­eign Trade un­der the Min­istry of Eco­nomic Af­fairs Lu Hui-chu (

) un­der­lined Tai­wan’s 60-year foot­ing in the fas­ten­ers in­dus­try, mak­ing it the most promis­ing tra­di­tional in­dus­try in do­mes­tic ex­ports. For ex­port value, Tai­wan’s fas­ten­ers in­dus­try ranks third world­wide, with strong sup­port and recogni- tion from for­eign buy­ers.

Fas­ten­ers ex­ports saw a grad­ual rise in ex­ports in the first half of this year, a re­mark­able per­for­mance even in the world­wide re­ces­sion, Lu stated.

There are around 1,400 screw fac­to­ries in Tai­wan, with most of them highly con­cen­trated in South­ern Tai­wan, the heart of the do­mes­tic lo­cal fas­tener in­dus­try, Si­mon Wang ( ), ex­ec­u­tive vice pres­i­dent of TAITRA said, high­light­ing Tai­wan’s stand­ing in the in­dus­try.

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