Market Geometry of Three Fasteners Origin in China
2019-07-25
Nuts are basic mechanical parts, known as the "rice of industry". They can be found in space shuttles, automobiles and mechanical equipment, as well as tables, chairs and benches. The industry belongs to the strategic industry of labor-intensive, capital-intensive and high-tech, and all countries in the world attach great importance to its development. After years of development, China has become the largest fastener producer in the world. It is reported that there are nearly 10,000 fastener manufacturing and trading enterprises in China, with more than 1 million employees, which contribute a lot to employment. Domestic carbon steel fasteners are mainly used in automotive industry, electronic products, electronic equipment, mechanical equipment, construction and general industrial purposes. From the point of view of the national production areas, the fastener industry in Wenzhou, Yongnian and Haiyan has the most scale and characteristics.
Fasteners Capital Hebei Yongnian
Overview: After 30 years of development, Yongnian has more than 2300 production enterprises, and gradually formed an industrial cluster and a huge market network. At present, 87 enterprises in this county have passed ISO:2000 international quality system certification. Last year, the investment of renewal equipment exceeded 200 million yuan, the annual output of fasteners was 24.7 million tons, the sales volume was 17.3 billion yuan, accounting for 40% of the national market share. Recently, China and Germany have introduced high-end fasteners with an investment of 400 million yuan, China's SCREW world with a total investment of 380 million yuan and high-strength fasteners base projects with a total investment of 10.7 billion yuan. This project has ended the long-term dependence on imports of high-end products in this field.
Advantage: Sales account for nearly half of the national share, forming a good regional advantage. In addition, the local government has relatively more support policies for the fastener industry every year.
Disadvantage: In such a large industrial scale, the lack of a leading industrial structure, product competitiveness is not strong, coupled with the lack of joint ventures between enterprises, there is no "voice" in the price determination of raw materials purchase and product sales.
