Fastener manufacturers have a slim future in the industry, explore the internal 'reason'

1. The development of China's domestic fastener industry is severely hampered. At present, China's domestic fastener demand is strong, but due to the squeeze and suppression of domestic manufacturers, domestic fastener companies cannot achieve the expected reasonable profit level or even long-term losses, and thus cannot upgrade equipment and improve production processes. There are also restrictive factors in the development of domestic fastener enterprises, such as small enterprise scale, low added value of products, low risk resistance coefficient, and untimely communication of industry chain information. External factors and internal development bottlenecks make it difficult for domestic fastener companies. This has prompted the domestic fastener industry to speed up the process of reshuffling. Take the initiative to achieve breakthroughs. (Guide: The threaded sheath is a new type of internal threaded fasteners)

2. China is the world's largest fastener producer. In recent years, China's fastener industry has been in a period of rapid development. The level of manufacturing technology has gradually improved, and labor costs are relatively low. The world's fastener industry has a positive division of labor. Changes. However, foreign manufacturers did not hesitate to use improper means such as dumping to step up to seize the Chinese domestic market. The domestic fastener industry has been greatly impacted and challenged, and the development of the domestic fastener industry is very difficult.

3. Modern economic development has put forward higher and higher requirements for modern fastener manufacturing. The technical level of the fastener industry has a very large room for improvement and has achieved rapid development. Transition from the production of low-end and low-end fastener products to medium, high-end and high-end products, forming an innovative atmosphere and environment, so as to better formulate innovative ideas and strategies for the fastener industry in my country, which is beneficial to many Fastener companies inject tangible innovation results, thereby promoting my country's fastener industry to become an innovative industry with the characteristics of the times, but my country's fastener development technology is blocked, which is also an important reason for the bleak future of the industry.

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