Views from Taiwan > Raw materials, fastener costs & increasing output

Following our in-depth reporting on the Taiwan fastener industry in our last print magazine, where we asked eight Taiwan fastener companies for their views on the fastener market, here are more insights on trends, challenges and opportunities that impact on the global trade…

Taiwan Precision Fastener Co (TPF)

What kind of trends are you seeing in the market at the moment?

In the future, there will be no low-price fasteners since the price of raw materials keeps going up. Customers will not buy standard parts in Taiwan. They will find new sources in South Asia since manufacturers can get low-cost land, cheap raw materials and abundant labour.

Are you seeing raw material shortages?

Actually, we see only cheap raw materials shortages – not raw materials shortages.

Are you seeing growing demand from any particular export markets?

It’s difficult to predict now. Maybe when the pandemic calms down, we can see more clearly.

What kind of developments have you recently made at TPF?

TPF keeps developing new wood screws and invests in new patents globally. In addition, TPF also bought many new design machines from TPF’s parent company (Sun Fame Manufacturing CO., LTD). TPF will use these new design machines to increase our output and produce TPF’s new patented screw.

How can interested parties get in touch?

You can contact TPF’s sales manager, Brian. Brian graduated from Mechanical Engineering at Texas A&M University-college station, USA. He has sufficient knowledge to take care of all our customers’ questions and technical problems.

Online trade mission

Taiwan’s Bureau of Foreign Trade and the Taiwan External Trade Development Council (TAITRA) is to host online meetings with Taiwan fastener suppliers on 9 June, between 8-11am UK time.

12 suppliers are set to participate, including suppliers of screws, nuts, bolts, tooling and wires.

You can learn more about the participants here >

To arrange a meeting with any of these companies, attendees should register for the event and select which suppliers they would like to meet on the day >

Those looking to connect with suppliers of any other products are welcome to contact TAITRA's UK office, the Taiwan Trade Centre in London ( TAITRA offers free sourcing assistance and can help identify suitable Taiwanese suppliers based on your requirements. 

Read our detailed look at the Taiwan fastener market in the latest issue of Torque Magazine (starting from page 58).