Fastener Industry Concentration Has Shown Effectiveness

In order to maintain the sustained and steady development of the fastener industry, China has proposed a new concept of “adjustment in development and improvement in adjustment”. We will adhere to the market structure and product structure adjustment as the starting point, promote corporate restructuring and industrial agglomeration, and promote the Changes in the economic growth mode of the industry.

Through continuous efforts in the past, China's fastener industry has maintained steady growth, industrial adjustment has been accelerated, and new breakthroughs have been made in restructuring and industrial concentration.

At present, China's fastener industry has been accelerating its pace of adjustment, pursuing a one-sided pursuit of output value output, improving the quality and brand effect, and pursuing a one-sided pursuit of transformation from a production-oriented to a production-oriented service. The change in type has made the concentration of the fastener industry apparent. Initially formed three major fastener industry clusters in the Yangtze River Delta, the Pearl River Delta and Bohai Bay, and built a number of fastener industry bases such as Jiaxing, Ningbo, Wenzhou, Dongguan, Hebei Xingtai, and Yongnian.

Today, leading enterprises play a leading role. The development of leading enterprises is playing a more and more dominant role, and the degree of industrial concentration has been greatly improved. Among them, leading enterprises and over 100 million yuan enterprises accounted for 52%, 33% of enterprises above designated size, and other enterprises accounted for 15%. Enterprises also accelerated the pace of technological innovation, forming a group of specialized, special and specialized enterprises with distinctive features. High-strength special fasteners account for 15%, heat-treated products account for 60%, and other products account for 40%.

At present, competition in domestic and foreign markets is further aggravated, and it is inevitable to promote the outward development of enterprises. Enterprises have to invest abroad. Except for some traditional export trade markets, many companies have already turned their sights to emerging countries. Changshu Standard Parts Factory and Ningbo Jinding Fasteners More than 10 companies have opened up overseas markets in Hungary, Malaysia and Indonesia.

With companies in the industry investing abroad, they also promote corporate restructuring. The restructuring of these companies can quickly bring together the development advantages of the two companies to form new synergies, promote the rapid development of the enterprise, and at the same time increase the degree of industrial concentration. For the fact that the fastener industry is facing an intensification of the contradiction of overcapacity, corporate restructuring can maximize the allocation of production factors and resources, and realize the purpose of vertical integration of the industry chain.