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Bulten is awarded a major FSP contract 2020-07-06

Bulten has been awarded an FSP (Full Service Provider) contract for supply of fasteners to a European automotive manufacturer which is also one of its existing customers.The contract is a transfer of an ongoing FSP set up for two assembly plants and the annual order value is of a...

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Iran offers projects, supports for domestic auto parts producers 2020-07-03

Iran's major carmaker Iran Khodro (IKCO) has introduced 175 projects to engage domestic auto parts producers, Eghtesad Online news website reported on June 28.To this end, Iran's Tejarat Bank has agreed with the IKCO to financially support small and medium-sized domestic ...

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Mexican auto parts industry could see investments of over 5 billion USD in 2020 2020-07-02

Classic cars are displayed during the inauguration of the 2015 Mexico FIA Motorex, as part of the World Motorsport Week, at Banamex Center in Mexico City, Mexico, on July 8, 2015. (Xinhua/Alejandro Ayala)After an long, arduous road the U.S.-Mexico-Canada trade agreement (USMCA) t...

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Toyota resumes all production in Southeast Asia 2020-07-01

Toyota's automotive assembly plants in Southeast Asia have all resumed production. Shan Alam, which is Toyota's automotive assembly plant in Malaysia, stopped production dueto Covid-19 but now has resumed since June 9. Astra Daihatsu Motor, the plant in Indonesia res...

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Zhejiang fastener industry is so huge! 2020-06-30

Ningbo, Haiyan and Wenzhou are the three major fastener production bases not only in Zhejiang province but also in China. According to relevant data, the main business income of fastener enterprises in these three regions accounted for more than 70% of the province's total, a...

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Fastener Online Show is coming soon. 2020-06-29

Since the beginning of 2020, many exhibitions could not be held as usual and were postponed one after another due to the epidemic. Online trade show have suddenly become a hot topic in the exhibition industry. To cushion the blow of the COVID-19 pandemic, the organizing comm...

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May 2020 crude steel production 2020-06-24

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019.Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month's fi...

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Manufacturing Output Increases 3.8% in May 2020-06-23

Total industrial production increased 1.4% in May, as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4% below its pre-pandemic level in February. Manufacturing output — which fell s...

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EU's AD Duties Against Wire Rod Originating in China to Expire This October 2020-06-22

European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. [Photo/Agencies]The 24.0% AD duties the EU has imposed against wire rod originating in People's Republic of China is scheduled to expire on 16 October, 2020. If there i...

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Canada's manufacturing sales plummet in April 2020-06-18

Canada's manufacturing sales plummeted a record 28.5 percent to 36.4 billion Canadian dollars (26.86 billion U.S. dollars) in April as the COVID-19 pandemic ground much of Canada's economy to a halt, Statistics Canada reported on Monday.April marked the first full month o...

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