Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Developments and Future Plans for Shanghai Minmeta...You are the 642125 visitors
Views:1099   |   recommendation:fastener   |   Votes:1   |   Discuss:0
Developments and Future Plans for Shanghai Minmetals – Fasteners


Shanghai Minmetals – Fasteners is one of the divisions of Shanghai Minmetals, a well known large-scale state-owned enterprise which was founded in 1949. Over the past seven decades, the corporation has been developed from a specialized trading company into an integrated enterprise comprising processing, manufacturing, international trade, futures trade, distribution and logistics, etc. and has received high recognition in the world marketplace.

Jay Hu, General Manager of Shanghai Minmetals-Fasteners

In this issue, reporter of China Fastener Info interviewed with Jay Hu, General Manager of Shanghai Minmetals – Fastener, who talks about the company developments and shares his ideas on future plans.

CFI: Could you please introduce the company developments and competitive products?

Hu: Since it was established in 1949, Shanghai Minmetals has been providing global customers with hardware and mineral related products. Nowadays, we have developed business models of import, export and domestic sales.

The products of Shanghai Minmetals – Fasteners range from bolts, nuts, wood screws, machine screws, selftapping screws, washers, rivets, anchors, etc. according to the standards of DIN, ANSI, BS and JIS, which are generally applied to machine parts, automobile accessories, furniture, construction, decoration, etc.

Apart from supplying steel fasteners of general grade (4.8/6.8) and high tensile strength (grade 8.8/10.9/12.9) in large quantities, Shanghai Minmetals – Fasteners can also provide fasteners made of brass, aluminum, stainless steel and various alloy. Products with black finish, plated with bright (yellow/black) zinc, brass, nickel and chromium can be made upon request.


CFI: How about the sales in 2018? What changes will you expect in 2019?

Hu: In 2018, the annual revenue of Shanghai Minmetals totaled approximately 6 billion yuan, 653 million yuan of which were fastener sales. As the market is currently full of uncertainties, the growth rate of our sales in 2019 is expected to decline to some extent.

CFI: Which markets will your company emphasize on in 2019? What measures will you take to develop markets and find customers?

Hu: To confront the market winter, we will mainly focus on stabilizing the existing markets and exploring some emerging markets as supplement. Since the EU antidumping measures against Chinese fasteners have been canceled, we are glad that the European market is gradually recovering.

Therefore, we will pay more attention to the European market. Furthermore, we have been working with professional media such as China Fastener Info to launch marketing promotions.
 


CFI: On September 24, 2018, the US imposed an additional 10% tariff on approximately 200 billion USD of goods imported from China, including fasteners. Whether the US will impose another new round of tariffs is still unknown, as the high-level Sino-US economic trade negotiation is still in progress. What’s your attitude towards the Sino-US trade friction?

Hu: Sino-US trade friction has become a hot issue for trading companies. For the US is not our only market, it has limited impact on us. It is believed that the Chinese government will take effective measures to deal with it.

CFI: Does the fluctuation of RMB exchange rate have an influence on your company?

Hu: Due to our combination of imports and exports, generally speaking, the exchange rate does not affect us much, but we will still take precautions to reduce the impact.

CFI: How long have you been involved in the fastener industry? What are your suggestions to the industry?

Hu: I have been engaged in the fastener industry for nearly 20 years and have witnessed the rise of China fastener industry. From the aspect of market division, looking for the niche market is inevitable. Therefore, in addition to avoiding the vicious competition, it is suggested that the fastener companies should build up a spirit of collaboration and unity, so as to authentically expand the influence of Chinese manufacturing in the international market.


CFI: Finally, please draw a blue print for Shanghai Minmetals – Fasteners.

Hu: Our company will celebrate the 70th anniversary this year. Our goal is to make unremitting efforts to build a century enterprise.



Shanghai Minmetals – Fasteners
Tel: +86-21-52292888 ext.2878
Fax: +86-21-63816007
Email: fasteners@shminmetals.com, hardware@shminmetals.com, jinsha@online.sh.cn
Website: www.shminmetals.com, http://11932v.chinafastener.info

2019/4/4 12:06:00

Related Company:  Shanghai Minmetals - Fasteners

Previous:    Robust Sales Drive Shanghai Prime Machinery's Deployment in Pan Asia
        Next:    German car production tumbles in second half of 2018

Recent Related News
Dongtai Huawei Launches Aluminum Double Hex Head Bolts and Stainless Steel Pre-Embedded Sleeve Bolts--2019-06-06
Würth builds innovation centre--2019-05-31
First Quarter Earnings Announced for Anixter International--2019-04-26
Japanese Thread Tapper Maker OSG is Going for 4.0 Manufacturing--2019-04-25
Stanley Black & Decker Reports First Quarter Earnings--2019-04-25
Based on R&D, Dongtai Huawei Develops Fasteners for Special Requirements--2019-04-23
MW Industries Announces the Acquisitions of Marox and Sussex Wire--2019-04-23
Fastenal Reports First Quarter Earnings--2019-04-12
Robust Sales Drive Shanghai Prime Machinery's Deployment in Pan Asia--2019-04-04
Haining R-Best: Focus on Quality, Be the Best Rivet Nut Supplier--2019-03-29
Sundram Fasteners Q4 Profit up 21%--2019-03-28
Bossard Confirms Record Sales for 2018--2019-03-19

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener0fastener

Fastener Trade Show Suzhou



China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•Vietnam Manufacturing Expo, Aug 14-16, 2019, Hanoi, Vietnam

•International Fastener Expo, Sep 17-19, 2019, Las Vegas, USA

•wire & Tube Southeast Asia, Sep 18-20, 2019, Bangkok, Thailand



Show Room



Offer Product

Latest News
• China to become the largest OLED televisions market

• Vietnam's auto sales surge 21 pct in H1

Buyers' Guide
Company News

• Dongtai Huawei Standard Component Corporation: Develop New Products, Target on Mid and High-End Markets

• Based on R&D, Dongtai Huawei Offers Fasteners for Special Requirements

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener