China's fastener companies develop high-end technology to ride at home and abroad

In recent years, with the rapid development of China's mold industry, the standardization, specialization, and commercialization of mold parts have reached a relatively high level and significant progress has been made.

The rapid development rate of China's fasteners has attracted the attention of the developed countries, while letting them discover a new type of big market. Multinational companies have come alive. When domestic companies suddenly feel that the market has survived such hard times, powerful competitors have blossomed.

Seeing that most of the products exported by Chinese fastener companies belong to low-grade products with low technological content, they mainly rely on low-price competitive advantages to enter the international market. Under the premise of not knowing the target export market, we will blindly export products to concentrate on a few markets, fight for low price wars, and seize market share. If there is no core technology, from the perspective of the world's division of labor, China's fastener companies may increasingly work at the lowest value chain, and the highest value chain is occupied by others. The weight of fasteners we create and the value of the fasteners we create will grow.

On the one hand, in the domestic market competition, more and more multinational companies have accelerated their entry into China. After adjusting its strategy for China, with its own technological advantages, it has seized more and more market share in the Chinese market. This has made domestic fastener companies face greater competitive pressures and increasingly harsh living conditions. . In this case, the investigation and prosecution of anti-dumping will easily fall on China's fastener companies.

The other challenge comes from the international market. The low cost makes Chinese fastener enterprises appear disorderly in the export process. The direct consequence is that cases involving anti-dumping of Chinese fastener companies have gradually emerged in the past two years, and once the company loses the lawsuit, it is discriminatory and extremely high anti-dumping. The tax rate will lose the cost-price advantage of Chinese products.

Those products with high technical content, advanced structure, excellent performance, high quality, and convenient replacement are still lacking in personalized products. Therefore, a considerable number of fastener molds still need to be imported from abroad every year. Domestic fastener molds should be developed and breakthrough in terms of technical standards, scientific and technological development, and product quality.