Multinational companies bring competitive pressure to China's fastener industry


“At present, most of domestic fasteners exported are products with relatively low technical content. The substitution of these products is very strong. If we do not increase the technical content of our products and reduce the cost, we will soon be more productive. Replaced by low countries."

In recent years, multinational companies from the United States, Japan, South Korea, India, and Germany have come to China to set up factories. Nearly 100 fastener factories in Hong Kong have been relocated or newly built in Shenzhen and Dongguan, closely followed by It is a fastener factory in Taiwan that is more concentrated in the coastal regions such as the Yangtze River Delta, the Pearl River Delta, and the Jiaozhou Peninsula. Up to now, there are more than 200 high-value-added, high-precision, high-strength automotive fasteners, whose total assets have accounted for about 25% of the national fastener industry, which will surely promote and enhance the overall integrity of the fastener industry. Level.

So far, there are more than 7,000 fastener companies of all sizes in China. From the perspective of the amount of fastener exports in the first half of this year, foreign-invested companies dominated the market, and foreign-owned enterprises and foreign joint ventures accounted for about 30% of the total export value. Although from the current point of view, the fasteners in our country are growing at a rapid rate, it should be noted that the proportion of foreign-funded enterprises' products is still relatively large. Among the export figures, a large part of the products come from the joint venture's production base in the mainland. . These conditions have brought uncertainties to the future fastener exports. On the one hand, most of the profits from fastener exports have fallen into the pockets of multinational companies. On the other hand, China will continue to experience increasing global market share. The pressure is that foreign countries can lift anti-dumping "sticks" at any time and "shut up" the Chinese fastener exportation.

At present, domestic fasteners for export are mostly products with relatively low technical content. The substitution of these products is very strong. If we do not increase the technical content of our products and reduce the cost, we will soon be reduced in production costs. Replaced by the country.

Multinational companies occupy the high end of the fastener industry chain. Local companies are at the low end, causing foreign companies to make big profits. We make small money. This is a reality. In the past, we were outside the global industrial chain. Now we can enter the world’s fastest production of fasteners. Although it is in the low-end and middle-end industries, this is a huge historical progress. Some other developing countries are paralyzed. Like a huge black hole, attracting the foreign capital that should have been invested to them was attracted. We should not deny the tremendous progress we have made. China's fastener enterprises should not stop here after entering the low-end global industrial chain, and can develop like mid-range and high-end products. Therefore, China's fastener exports must adhere to the general direction of local production, which means that we have the opportunity to seize the adjustment period of the entire market, improve our product quality, strengthen our product development, and go into these wholly-owned enterprises or the automotive sector. As well as the construction of steel structures, and gradually reducing and getting rid of the influence and control of enterprises and multinational companies, forming a relatively independent portal, and out of their own development path, in fact, a group of Chinese companies have begun a new climb.



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