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