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Review: 2006 Wenzhou Fastener Industry 

Source:China Wenzhou Fastener Association  Writer:佚名  Publisher:匿名   Date:2007/4/23 13:00:51

 
"It is estimated that the output of fasteners in 2006 will value 10.958 billion yuan, and the foreign exchange earnings will total USD$25.868. The output will weigh 1.0692 million tons, 226, 800 tons of which are high strength fasteners. The turnover of the high strength fasteners will reach 13.2 billion yuan, representing 1/4 of the national market share."

2006 is a special year, as it is the first year of the Eleventh Five-Year Plan. Under the correct guide of Wenzhou municipal party committee and municipal government, Wenzhou association adhered to the scientific development view and achieved the strategy and goal of building a lively, powerful and harmonious Wenzhou put forward by the municipal party committee and municipal government. With the support and help of municipal economic & trade committee and some related departments, along with the efforts that all members and Wenzhou fastener people had made, from January to October 2006, the fastener output of the whole city totaled 9.13 billion yuan and the fastener foreign exchange earnings reached USD$20.72, increased by 8% and 107% respectively compared with the same period in 2005. It is estimated that the output of fasteners in 2006 will value 10.958 billion yuan, and the foreign exchange earnings will total USD$25.868. The output will weigh 1.0692 million tons, 226, 800 tons of which are high strength fasteners. The turnover of the high strength fasteners will reach 13.2 billion yuan, representing 1/4 of the national market share. Through years of experience, that the production of special fasteners is one of Wenzhou’s features is highlighted. Focused on fitting in terms of sales distribution, a big sales network is formed all over the country. Wenzhou insists on the integration of supply, production and sales and expands its domestic market with the ideas of development and the perfection of Wenzhou fastener franchise market. At present, there are more than 10,000 sales outlets all over country. The sales system is perfect and the market share keeps growing year by year. Therefore, Wenzhou is the ideal fastener purchasing market for customers from home and abroad. From January to October, the turnover reached 11 billion yuan.

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