Analysis on the Main Restrictive Factors of Upgrading Fasteners in Wenzhou

The overall situation of the fastener industry in Wenzhou has been on a rising trend, and 10,000 sales stores have been deployed nationwide. However, behind this, the outflow of resources has become a major constraint to the upgrade and development of the fastener industry in Wenzhou. Jiang Huilong, the deputy secretary-general of the fastener industry association of the city, appeared to be concerned about this.

Wenzhou fasteners and upstream and downstream industries have more than 2,000 companies, including fastener production of more than 160 large-scale enterprises, more than 100 leading companies in the industry. In addition, more than 10,000 marketing stores are located throughout the country. The distributors of fasteners in Shaoxing, Ningbo, and Haiyan are mostly from Wenzhou. In addition, Wenzhou fastener distributors can be seen in Chongqing, Guangdong Yongnian, and Shacheng in Hubei. Jiang Huilong, deputy secretary-general of the Fastener Industry Association, told the reporter that the reason why the fastener industry in Wenzhou was able to thrive was mainly because the fastener industry in Wenzhou began earlier. Many Wenzhou people began working hard outside as early as ten years ago. The establishment of a marketing store has laid a solid foundation for the layout of the fastener industry in the country. Second, it is easier to start a fastener marketing shop. Small screws and small nuts are just like buttons and do not require much capital investment. However, they have a large potential market and more flexible capital turnover. In addition, many fastener manufacturers in Wenzhou City, as a strong backing for overseas marketers, have formed a unified channel for production and sales.

It is understood that the production and sales of fasteners in Wenzhou currently focus on mid-to-low-end products, and are suitable for home decoration and electrical products. The total annual industrial output value is about 2 billion yuan. In addition to the professional fastener market in Longwan, another specialty fastener market in Bohai will also be unveiled. According to reports, Wenzhou fastener production is divided into several regions. Longwan mainly produces non-standard fasteners, Ruian mainly produces automobile and motorcycle fittings, and Yueqing mainly produces electrical fasteners, among which Longwan's non-standard fastener production area. It belongs to a special park in Wenzhou City.

At present, China's fastener industry market demand is about 70 billion yuan. According to industry sources, at present, many fastener manufacturers in Wenzhou have encountered bottlenecks in their development. They are faced with the problem of difficult land use and restricting their enterprises from becoming bigger and stronger, as well as the outflow of resources. Many companies have moved factories to other places. In this regard, the industry expressed concern and hope that relevant departments can give positive policy encouragement and support to promote the development of the industry and avoid becoming another lighting industry.

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