Fastener industry should develop to the high end

Experts in the industry have stated that behind the construction of giants, there is an indispensable role of small fasteners. Although they are only small participants, they have a crucial influence. Due to the importance of its convergence, consumers have become more interested in brands in their purchases.

There are about 2,000 types of fasteners in the world, among which there are more than 400 fastener standards in China. Technical standards are divided into basic technical conditions, structural elements, mechanical properties, products, processes, inspections, test methods, etc., which have become the link between science and technology to productivity, and are important foundations for achieving product socialization and intensification. Arbitration of business acceptance, etc. Looking back at the development history of the fastener industry in the past, it is not difficult to find that when the market is booming, product saturation will inevitably occur.

China's fastener production accounts for a quarter of global production, but most of them are low-intensity and low-grade products, among which standard items below 8.8 account for about 45%-50%, in an environment where raw material prices are high, The overcapacity of low-grade standard parts has become a stumbling block to the development of the entire fastener industry. Overcapacity, a large amount of inventory pressure leading to tight operating funds, companies want to convert costs into profits have to find new ways, increase investment in technology, with good technology in order to open up broader market resources.

Therefore, hardware fasteners need to remove the "low-end" tag. Under the premise of transformation and upgrading, the vast majority of Chinese fastener companies must face such a situation: the rise in raw material prices, the appreciation of the renminbi, and rising labor costs. The rise in raw material costs has caused companies to increase product prices, but the premise of product price increases is the increase in technology and brand strength. This is a continuous process. This is a bottleneck for small and medium-sized fastener companies. They need to survive hard.

Industry experts said that domestic fastener manufacturers of all sizes should look to the future. Key national construction projects such as "high-speed rail," "aerospace," "highways," and "airports" are providing opportunities for high-end enterprises to go high-end, Boeing's plans for the next 20 years will increase. 3,400 aircraft and the National Development and Reform Commission invested 800 billion yuan to build rail transit in 6 cities. According to 36 plans to build urban rail transit project cities, by 2020, the new operating mileage of urban rail transit will reach 6,560 kilometers, and the rails will be fastened. Demand reached 55-70 billion yuan. These large-scale projects will greatly increase the demand for high-strength fasteners such as high-strength fasteners and titanium alloys. It is not impossible to take off the “low-end” label.