As China's fastener industry is formed spontaneously, it must have its own unique features:
First, the scale is small: Fastener companies are rapidly adapting to the ever-changing market demands with their flexible management methods and have achieved rapid development.
The second is the large number: At present, there are more than 2,200 enterprises in family workshops or in the shops of couples and small-scale processing booths. This is an unparalleled quantity in any region and a huge industrial cluster has formed.
The third is the entire category: from the most primitive processing methods to advanced multi-station cold heading machines, from red to automatic heat treatment and tempering production lines, the fastener industry covers almost all products and processes of the entire industry.
Fourth, the cost is low: all production plants are private enterprises, business owners are both factory managers and technicians, sales staff, production line workers monthly salary between 500 and 800 yuan. Enterprises from the management mechanism and cost accounting are incomparable to coastal enterprises.
Since 2001, China's fastener industry has made considerable progress. Even if affected by adverse factors such as energy shortages and raw material price increases, the pace of development of China's fastener industry has not slowed, and it has maintained double-digit growth every year. During the “10th Five-Year Plan†period, the average annual output of fasteners increased by 14.32%, sales revenue increased by an average of 23.07% annually, total export volume increased by an average of 24.91%, and the average annual growth in foreign exchange earned through exports was 31.95%. According to industry association statistics and analysis of the entire industry, the next five years (2006-2010) will be the steady development of the Chinese fastener industry for five years. By 2010, the output of fasteners will exceed 6 million tons. Among them, the export volume can reach around 2.5 million tons, which is a key export product of China's mechanical base parts. With the recovery of the world economy and the continued development of the Chinese economy, the fastener industry in China will only continue to develop and it will never be reduced. Specifically:
(1) China's fastener industry is currently facing the largest trade friction in history. However, we believe that with the overall development of China's economy and the rapid growth of the foreign trade economy, trade frictions arising from the rapid growth are normal. The key is to face it squarely. This trade friction, we must constantly improve the competitiveness of enterprises, fasteners are the industry's rice, the world's economic development is missing, despite competition, in recent years, the development of fasteners is still in Asia, especially China's leading role. However, we should also be aware of our own deficiencies. During the “Eleventh Five-Year Plan†period, we must pay close attention to the readjustment of product structure and speed up the pace of product structure adjustment. For the moment, there are quite a number of companies in the forefront and success. , make the world's peers admiration. Five years later, there will be a marked change in China's fastener industry. Ningbo, Zhejiang, is one of the models.
(2) The price of raw materials is basically stable, which provides a good opportunity for the fastener companies to develop. For fastener manufacturers, the main raw materials for bolts, nuts, and studs are cold-headed steel rods. Since 2006, raw material prices have been generally stable and fluctuate less, and with the control of fixed asset investment, the amount of steel used for construction has decreased. This is promising for the use of fastener steel, and many steel mills have taken the initiative and tightening. The establishment of a long-term cooperation partnership by manufacturing companies is a good sign for a win-win situation. We hope that the banking sector will boldly support a group of fastener manufacturers with promising prospects and competitiveness.
(3) Overcapacity of low-end fastener products in China. Mainly, there is a tendency of excessive production capacity of ordinary strength fasteners below 8.8, and the pace of adjustment for such products should be accelerated. Banks should be overly concentrated in enterprises with low-end fastener product production and technological innovation capabilities, and can appropriately tighten credit supply.
First, the scale is small: Fastener companies are rapidly adapting to the ever-changing market demands with their flexible management methods and have achieved rapid development.
The second is the large number: At present, there are more than 2,200 enterprises in family workshops or in the shops of couples and small-scale processing booths. This is an unparalleled quantity in any region and a huge industrial cluster has formed.
The third is the entire category: from the most primitive processing methods to advanced multi-station cold heading machines, from red to automatic heat treatment and tempering production lines, the fastener industry covers almost all products and processes of the entire industry.
Fourth, the cost is low: all production plants are private enterprises, business owners are both factory managers and technicians, sales staff, production line workers monthly salary between 500 and 800 yuan. Enterprises from the management mechanism and cost accounting are incomparable to coastal enterprises.
Since 2001, China's fastener industry has made considerable progress. Even if affected by adverse factors such as energy shortages and raw material price increases, the pace of development of China's fastener industry has not slowed, and it has maintained double-digit growth every year. During the “10th Five-Year Plan†period, the average annual output of fasteners increased by 14.32%, sales revenue increased by an average of 23.07% annually, total export volume increased by an average of 24.91%, and the average annual growth in foreign exchange earned through exports was 31.95%. According to industry association statistics and analysis of the entire industry, the next five years (2006-2010) will be the steady development of the Chinese fastener industry for five years. By 2010, the output of fasteners will exceed 6 million tons. Among them, the export volume can reach around 2.5 million tons, which is a key export product of China's mechanical base parts. With the recovery of the world economy and the continued development of the Chinese economy, the fastener industry in China will only continue to develop and it will never be reduced. Specifically:
(1) China's fastener industry is currently facing the largest trade friction in history. However, we believe that with the overall development of China's economy and the rapid growth of the foreign trade economy, trade frictions arising from the rapid growth are normal. The key is to face it squarely. This trade friction, we must constantly improve the competitiveness of enterprises, fasteners are the industry's rice, the world's economic development is missing, despite competition, in recent years, the development of fasteners is still in Asia, especially China's leading role. However, we should also be aware of our own deficiencies. During the “Eleventh Five-Year Plan†period, we must pay close attention to the readjustment of product structure and speed up the pace of product structure adjustment. For the moment, there are quite a number of companies in the forefront and success. , make the world's peers admiration. Five years later, there will be a marked change in China's fastener industry. Ningbo, Zhejiang, is one of the models.
(2) The price of raw materials is basically stable, which provides a good opportunity for the fastener companies to develop. For fastener manufacturers, the main raw materials for bolts, nuts, and studs are cold-headed steel rods. Since 2006, raw material prices have been generally stable and fluctuate less, and with the control of fixed asset investment, the amount of steel used for construction has decreased. This is promising for the use of fastener steel, and many steel mills have taken the initiative and tightening. The establishment of a long-term cooperation partnership by manufacturing companies is a good sign for a win-win situation. We hope that the banking sector will boldly support a group of fastener manufacturers with promising prospects and competitiveness.
(3) Overcapacity of low-end fastener products in China. Mainly, there is a tendency of excessive production capacity of ordinary strength fasteners below 8.8, and the pace of adjustment for such products should be accelerated. Banks should be overly concentrated in enterprises with low-end fastener product production and technological innovation capabilities, and can appropriately tighten credit supply.
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