China's hardware fastener industry should be improved in the adjustment review of the overall situation of the hardware fastener industry last year

Aug 14, 2018

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The economic environment is unstable, the macroeconomic regulation and control of the economy, and the currency are tight; market demand has not been significantly increased; coupled with the global economic downturn and other countries' serious trade protection policies, the entire hardware fastener industry has encountered challenges. However, as the whole hardware fastener industry was inspired by the spirit of the 18th National Congress of the Communist Party of China, everyone worked together to accelerate innovation and structural adjustment. The entire industry made steady progress and maintained a small increase.

I. Review of China's Fastener Industry in Recent 10 Years

10 years of development of China's fastener industry Review of the development of the fastener industry for more than a decade: China's fastener production reached 6.6 million tons in 2012, an increase of 3.3 times from 2 million tons in 2001; sales revenue reached 65 billion in 2012 Yuan renminbi was 5.2 times of 2001's 1.25 billion yuan. In 2012, the total export volume was 2.464 million tons, which was 4.7 times the 520,800 tons in 2001. In 2012, the foreign exchange earned through exports was US$4,512 million, which was 9.17 times that of 492 million US dollars in 2001.

Second, the status of fastener industry in Asia in 2012

For more than a decade, the fastener industry has undergone tremendous changes. Up to now, more than 95% of the fastener enterprises have been restructured into joint-stock companies or camp enterprises. The industry's vitality has increased, and the number of companies has greatly increased. There are more than 4,000 enterprises above designated size in the country; product structure. Adjusting the number of blocks, the production capacity has been increased, the output of fasteners has taken the lead in the world, and the overall strength of the industry has increased. It has become one of the largest manufacturers of fasteners in the world, and its position in the international market has improved significantly.

Third, speeding up the adjustment of the fastener industry, new breakthroughs in corporate restructuring and industrial concentration

1. The initial concentration of industrial concentration has entered the 21st century. Market competition has further intensified. In order to maintain the continuous and stable development of the fastener industry, the industry has proposed new adjustments in development and new ideas for upgrading in order to take advantage of the market structure. The adjustment of product structure is the starting point and the transformation of economic growth mode is promoted. From one-sided pursuit of output value output, to improve the quality and brand effect change; from one-sided pursuit of large and complete, to the fine, special, special direction; from production to production and service-type change, so that the fastener industry concentration The degree is clearly highlighted. Initially formed three major fastener industry clusters in the Yangtze River Delta, Pearl River Delta and Bohai Bay, forming a number of fastener industry bases such as Jiaxing, Ningbo, Wenzhou, Dongguan, Hebei Xingtai, Yongnian.

2. Leading companies play a leading role. These regional fastener companies account for more than 75% of the nation's total, and many leading enterprises with sales revenue exceeding RMB 1 billion and 200 key enterprises with annual sales revenue exceeding RMB 100 million have emerged. According to Jiuzheng Building Materials Network, these companies have annual sales revenue of more than 35 billion yuan, accounting for 53% of national sales revenue, and more than 4,000 enterprises of all sizes in the industry, accounting for 85% of the national fastener sales revenue, the national year There are more than 40 companies that have earned more than 10 million U.S. dollars in export earnings, accounting for more than 60% of the country’s export earnings. It can thus be seen that the development of leading enterprises has played a more and more dominant role, and thus the industrial concentration has been greatly improved.

3. The pace of technological innovation of enterprises Accelerated fastener companies adhere to the road of innovation, learn advanced foreign technology and experience, accelerate the integration of modern information technology and traditional industries, and upgrade the industry-wide equipment and technology level. Enterprises in the technological innovation has also accelerated the pace, the formation of a group of unique special, special, specialized enterprises, including high-strength special fasteners accounted for 15%, heat treatment products accounted for 60%, other products accounted for 40%.

4. Going abroad to move toward the world There are new measures With the further intensification of domestic and foreign market competition, it is bound to promote the outward development of enterprises. Fastener companies will invest abroad and go abroad to the world. In addition to some traditional export trade markets, many companies have set their sights on emerging markets such as Hungary, Malaysia and Indonesia.

5. New Breakthroughs in Corporate Restructuring With companies in the industry investing abroad, they also promoted corporate restructuring. This combination of advantages, corporate restructuring can quickly gather the development advantages of the two companies to form a new joint force, promote the rapid development of enterprises, while also improving the degree of industrial concentration. For the fact that the fastener industry is facing an intensification of the contradiction of overcapacity, corporate restructuring can maximize the allocation of production factors and resources, and realize the purpose of vertical integration of the industry chain.


Fourth, understand the situation, adjust the transition, and upgrade during the adjustment

From the perspective of the distribution of the fastener market in mainland China, the recovery of the world economy has slowed down. The party’s 18th National Congress made strategic steps to comprehensively deepen reforms, and promulgated a series of major decisions to promote the development of the state-owned economy and non-public economy. As the national economy develops in a better direction, the market economy has a new starting point. From the perspective of the distribution of fasteners around the world, looking at the economic situation at home and abroad, we must shift our foothold to the domestic market, seize the opportunity to expand domestic demand, and become bigger and stronger. We must constantly adjust the product price structure in the market practice so that the price of fastener products can be adapted to the production cost, adapt to the international market, and adapt to the brand and quality. Promote the fundamental transformation of the whole industry's economic growth mode, from one-sided pursuit of output value production to improve the quality and brand effect; from the one-sided pursuit of large and all-round fine, special, special change; from production to production and service-oriented changes. To maintain the steady and healthy development of fasteners throughout the industry, China's fastener industry has always maintained a moderate development. By 2014, the fastener production will reach 7 million tons, making China's fastener industry stand in the world's forest.