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What's the major events happened in fastener industry in the first half of 2020?

Time : 2020/8/25 Hits : 2923 Font : Small Medium Larger [back]

It is over half of 2020. Have your small goals been achieved? If not, continue to work hard in the second half of the year! Now let’s take a look at what major events happened in the industry in the first half of 2020?

   1. A number of steel companies released financial reports: net profit fell by more than 50% in 2019

   On March 30, more than 20 listed steel companies have announced their 2019 results, and more than half of them have dropped by more than 50% in their net profit in 2019. It is worth noting that the profits of general steel companies basically declined last year, while special steel companies generally rose, such as CITIC Special Steel, Jiuli Special Steel, and Xining Special Steel.

   According to industry analysts, the decline in net profit was mainly due to the drop in steel prices and the high volatility of some raw and fuel prices, which severely squeezed the profitability of steel companies.

  2, 5 tight enterprises in Dongguan settled in Shaoguan Shixing, with a total investment of 380 million yuan

   On April 15, the signing ceremony of the investment promotion project in Shixing County, Shaoguan City was held. Three fastener companies in Dongguan Shengquan, Dongguan Xinrongda, and Guangdong Tairong are set in Shixing. Three projects with a total investment of 250 million yuan settled in Shashui Industrial Park in Shixing County. On June 30, Dongguan National Star and Dongguan Xinjiang intend to invest 130 million yuan in the establishment of fastener production projects in Shashui Industrial Park.

   So far this year, 5 Dongguan Fasteners Association member companies have come to Sixing to invest and develop through industrial transfer, improve their overall strength through group heating, help each other to improve the industrial chain, and achieve win-win cooperation.

  3. Close contact between enterprises and associations to promote industrial development

   On April 30th, Shenzhen Fastener Industry Association held its first mutual visit and exchange activity in 2020. Visited and inspected Guangdong Chuansheng Technology Co., Ltd. On May 21, the Guangdong Fastener Association and Dongguan Fastener Industry Association held an exchange meeting to discuss issues such as the resumption of work and production of enterprises and the investment promotion of Shixing Industrial Park. On June 12, the Fastener Branch of Jiangsu Machinery Industry Association visited and inspected Sijin Intelligent Production Base.

The development of exchange activities between associations and enterprises has not only enhanced the exchanges between the fraternal associations, associations and enterprises, but also strengthened the team cohesion of the association and the exchanges and cooperation between the members of the association; the two sides learn from each other and learn from each other to help the industry better Develop faster.

  4, the capital chain of the multinational auto parts giants is tight, and some products quietly rise in price

   The new crown pneumonia epidemic has spread globally. So far, at least 120 auto factories have temporarily suspended production, coupled with the uncertainty of the duration of relevant overseas prevention and control policies, auto parts companies have been hit hard.

   Recently, many global component giants have withdrawn their previously announced targets for the 2020 fiscal year, all expressing that they will significantly reduce unnecessary investments and costs, and seek certain credit lines to ensure financial flexibility.

   Affected by factors such as large-scale plant shutdowns and tight capital chains, the prices of some products in the auto parts supply chain have increased. At the same time, factors such as the price increase of upstream raw materials have further increased the operating pressure of parts and components companies.

   5. Parts giant ZF plans to lay off 15,000 employees worldwide by 2025

   On May 28, affected by the decline in demand for automobiles caused by the epidemic, German auto parts giant ZF planned to lay off up to 15,000 employees worldwide by 2025, accounting for about 10% of the total.

   However, even with performance shocks and internal spending tightening, on May 30, ZF successfully acquired WABCO, a US commercial vehicle technology supplier, at a sky-high price of $7 billion.

  Industry analysts said that the acquisition of WABCO will undoubtedly play a central role in the implementation of the next step in the full range of autonomous driving functions, ensuring that ZF can secure enough protection under the impact of the wave of new energy vehicles.

   6, 18 consecutive declines! Japan's exports in May decreased by 28.3%

  According to data released by the Ministry of Finance of Japan on June 17, Japan’s exports in May decreased by 28.3% year-on-year to 4.1848 trillion yen (approximately 276.4 billion yuan). So far, Japan's exports have fallen year-on-year for 18 consecutive months.

   Among them, exports to China fell 1.9% to 1.1262 trillion yen, and imports fell 2.0% to 1.5113 trillion yen. Exports to the U.S. decreased by 50.6% to 588.4 billion yen, a decline for 10 consecutive months. In particular, automobile exports fell by 78.9%. Imports also fell by 27.5% to 578.2 billion yen. According to this calculation, Japan’s trade surplus with the United States in May fell by 97.4% to 10.3 billion yen, the lowest value since January 1979 with comparable data.

  7. Yue Zhan and Anxiang entered the fastener market in South China, laying out a new "highland"

   As one of the most economically developed regions in my country, the Pearl River Delta is also one of the three major fastener production clusters in my country. It is a strategic high ground for major fastener companies.

   In order to seize this market, Yuezhan Technology inspected the South China market and established a Dongguan office here. At present, Yuezhan Technology (Dongguan) Co., Ltd. has nearly 20 machines that can provide screening and foundry services; 100 free trial machines from stock can meet the needs of customers for fast delivery.

Anxiang Intelligent also moved to No. 160 Changlang Road, Changping Town, Dongguan, covering an area of ​​more than 4000 square meters to meet the increasing market demand, lay out the packaging market at home and abroad, and serve domestic and foreign industrial automation packaging. Unmanned packaging is the goal.

   8, 2020 China Fastener Online Exhibition will be grandly opened on August 10

   As we all know, affected by the epidemic, many offline exhibitions in the fastener industry have to be cancelled or postponed, and moving to the front has become the best choice for many tight companies. From August 10th to 18th, the 2020 China Fasteners Online Exhibition, operated and technically supported by China Screw Network, will be grandly opened.

   2020 China Fasteners Online Exhibition takes "new models, new business opportunities" as the theme. The brand-new online exhibition will give full play to the advantages of Internet technology and move the functions and scenarios of offline exhibitions to online. Through live video, real-time negotiation, supply and purchase docking, real-time trading, online activities and other scenarios, it helps the supply and purchase parties to communicate in real time and improve the effectiveness of exhibitors' online negotiation. It will also actively invite 50,000+ global high-quality buyers from all over the world to carry out "1 to 1" buyer matching; to help fastener companies meet market demand.

  9. Three Shentie Qingdao Yuncang opened, building a new business pattern for Jiaodong hardware

   On June 20th, the three pieces of Shentie Qingdao Yuncang grandly opened. According to reports, Qingdao Yuncang has a storage area of ​​8,300 square meters and a fastener commodity inventory of up to 80 million yuan. It adopts high-rise three-dimensional shelves and uses the WMS warehouse management system to share inventory data with merchants.

   In the future, Qingdao Yuncang will become a national sample cloud warehouse and a benchmark cloud warehouse. Through the stewardship service, Qingdao Yuncang can improve the fastener circulation efficiency of the entire Jiaodong Peninsula, allowing more businesses to increase sales and increase profits.

  10. The first domestic large-size bolt testing machine was successfully debugged

   Recently, the WAW-6000L horizontal tensile testing machine developed by Shanghai Fastener and Welding Materials Technology Research Institute Co., Ltd. under Shanghai Electric Group was successfully commissioned. This is the first large-size bolt tensile testing machine in China that can be used for third-party testing. It adopts an advanced micro-electro-hydraulic servo control system and has management system functions such as automatic data analysis and processing, reporting, data upload, and big data testing.

   Zhejiang Dongrui has also made new breakthroughs in the research and development of new products. It has successfully developed China's first high-speed and high-precision cold forming machine, which can increase efficiency by about 15 times and increase production capacity by 1.33 times.

  11. In the next 5 years, the total scale of the global wind power fastener market will reach about 10 billion per year

   In recent years, my country's wind power industry has risen rapidly and has made significant progress. For the wind power fastener market, taking 51,447MW of new global wind power installed capacity in 2014, the average power of each wind turbine is calculated based on the current mainstream wind turbines of 2.0MW. The global installed capacity of wind turbines is 25,723 and the total number of blades is 77,169. There are 92 sets of fasteners for each blade, and the total amount used worldwide is 7,099,548 sets. Each set is calculated at 200 RMB, and the total amount is about 1.4 billion RMB. At present, only about 25% of blade embedded technology are used, and the market size is 300 million. /Year or so.

   In the next 5 years, the world will reach about 1.2 billion per year. The global annual demand for wind power generators and tower fasteners is 1 million tons. Based on 10 yuan per kilogram, the total scale of the global wind power fastener market is expected to be about 10 billion per year.

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