National Screw Industry Reshapes New Mode of Economic Growth

Jun 11, 2018

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Taking the current domestic steam screws as an example, because of the lack of relevant independent intellectual property rights and loud international brands, the Chinese screw market has gradually become the main battlefield for the world's largest fastener companies. In terms of screws, the introduction of foreign brands of screws occupies more than 80% of the domestic screw consumer market.


And these well-known brands of screws, they are assembled in our domestic production process line assembly, and China's automobile industry fasteners above about 60% of the screw procurement is achieved through imports. Therefore, according to relevant industry experts, ordinary screws exported by China can only be sold for 1,500 US dollars/ton in overseas markets, but for some imported high-grade screws, they have to be 10,000 US dollars/ton, among which the gap is At least 7 to 8 times.


Moreover, in the imported screw industry, foreign investors only invested only 30% of the total, and they were able to own about 50% of the company’s shares, and they also took away 70% of their profits. Businesses can only get about 30 percent of profits.


This is not only related to the ownership of the intellectual property rights of the screw products, but also part of the objective factors, that is, China's screw products and there is a certain gap between manufacturing and manufacturing and foreign countries, so the Chinese screw companies to accelerate industrial development A long way to go