Fasteners, sometimes called standard parts, are the general term for a type of mechanical part that is used when two or more parts or components are fastened together into a single piece. Stainless steel fasteners Do not underestimate these parts, they have an irreplaceable role in production and life, has a wide range of applications in the machinery industry.
In 2012, it was a challenging year for the fastener industry. Due to the global economic downturn and the debt crisis in Europe and the United States, foreign markets experienced a decline in sales compared with the same period. The domestic market was hampered by sluggish domestic demand, rising costs, increased competitive pressure, and shortage of capital chain. Domestic and foreign troubles led to the decline in corporate orders and the decline in profits. Many large and medium-sized fastener companies suffered a setback, and individual small fastener companies even stopped production.
The overall proportion of fasteners in the machinery industry is not large, but its importance to machinery manufacturing is self-evident. China, as a major exporter of fasteners, suffered a negative impact on the European and American markets in 2012, which caused a major blow to domestic companies. The overall environment was better than last year in 2013, but it is still unable to shake off the decline in growth.
At the same time, emerging markets performed well and the growth rates of multiple emerging markets reached double digits. The data showed that in the first quarter of this year, Ningbo’s exports to emerging markets such as Africa, Latin America, the Middle East, and Russia increased by 11.6%, 11.1%, and 15% respectively. 29.3%; however, exports to ASEAN, the third largest export market, fell by 3.2% year-on-year, mainly due to the 49% drop in LCD panels to ASEAN exports.
Jingjiang Zhongjia Special Standard Parts Factory is a professional company that has accumulated over 30 years of standard parts production experience. It mainly produces hot-dip galvanized fasteners, hot galvanized standard parts, and stainless steel fasteners. The company is alert to the phenomenon of overcapacity, speed up technological upgrading, improve product quality, and comply with market development.