Würth’s project in Haiyan will focus on warehousing, logistics and hardware.
Tag "china"
Steel and iron nuts (HS code 73181600) were excluded from a list of Chinese products subject to a 25% tariff by the Trump administration under Section 301 of the Trade Act of 1974.
"As markets recovered and importers returned to long range, longer lead time sourcing, purchasing refocused on Taiwan from which imports continued to grow – even after the antidumping duties on China were repealed," according to Fastener + Fixing executive editor Phil Matten.
Fastener exports from China increased 5.8% during 2017, according to Customs data compiled by ChinaFastener.Info. The export value rose 11.3% during the period.
Manufacturers in China exported 2.36 million tons of fasteners during the first 10 months of 2017, according to Customs data compiled by ChinaFastener.Info.
The news comes amid reports of rising steel fastener exports from China.
Taiwan fastener exports rose 2.65% to 1.058 million tons in the first eight months of 2017, Fastener World reports.
The top five fastener export destinations were the U.S., Russia, Japan, Germany and South Korea, according to ChinaFastener.com.
Founded by CEO Zhu Jialin in 1988, Fengfan manufactures joining products made of stainless steel, nylon and specialty materials.
Fastener activity (imports and exports) in China increased 1.6% to 274,200 tons in April, while the value dropped 1.8% to
“The favorable location and preferential policies of Liaoning, one of China’s northeastern rust belt provinces, offered many development opportunities for investors,” said Larry Stevens, CEO of Wurth China.
The top five fastener export destinations were the U.S., Japan, Russia, Hong Kong and South Korea, ChinaFastener.Info reports.