Development of Zhongli in 2024

We are a factory specializing in the production of high-strength external hexagon bolts, internal hexagon screws, and full thread rods, established in 2003. The factory's main domestic sales account for 60% and foreign trade accounts for 40%.

Due to the EU's anti-dumping measures on hexagonal bolts with HS code 731815, our market share in Europe has decreased. However, due to our preferential anti-dumping rate of 39.6%, we have still received new orders from both new and old customers.

This year's economy is not doing well, but we still participated in many domestic and international exhibitions. We met many new and old customers at the exhibitions, and many customers visited our factory. Here are some photos of the exhibitions and customers visiting our factory

Shanghai fastener fair in March.,2024

The Shanghai Fastener Industry Exhibition is positioned as a new innovation platform for the global high-end fastener industry, creating a professional exhibition for the fastener industry with the spirit of "craftsmanship". Over the past thirteen years, it has received strong support and enthusiastic participation from major associations at home and abroad, well-known fastener manufacturers at home and abroad, and equipment/wire/mold manufacturers. It has become one of the three major fastener exhibitions in the world, and also a benchmark for the fastener industry in China and even globally.
As a global innovation platform for the high-end fastener industry, Shanghai Fastener Exhibition is led by quality and innovation, and is committed to connecting the entire fastener industry chain, empowering the industry, and serving as a collaborative platform for the entire ecosystem. The exhibits cover various fields such as standard parts for screws and nuts, standard parts for screws and nuts, automotive connectors, riveting products and technologies, metal shaped molded parts, carbon steel, stainless steel wire and special steel, cold pier forming equipment, heat treatment related equipment and technologies, surface treatment technology, related molds, testing equipment and laboratory instruments, software and media, covering the entire fastener industry chain of global innovative technologies and products, including raw materials, key components, advanced manufacturing equipment for fasteners, overall solutions, personalized customization, etc. With a large scale, a wide range of products, and a large number of audiences, they have gained the trust of the industry and become a benchmark for domestic fastener technology and quality innovation.

Vietnam fastener fair 

Vietnam is one of the member countries of the ASEAN Free Trade Area, with rapid economic development in recent years, ranking among the top 10 in the world in terms of development speed. Vietnam is known as a world investment hotspot and is the fifth emerging economy after the BRICS countries. Vietnam is a great springboard and convenient channel for Chinese products to enter the ASEAN consumer market with a population of 500 million. In the past decade, the trade volume between China and Vietnam has increased by more than 100 times. With the official establishment of the China ASEAN Free Trade Area and the beginning of the era of zero tariffs on trade, it has brought unlimited new business opportunities for Chinese enterprises to expand into the ASEAN market. In recent years, Vietnam's extensive infrastructure and industrial development have driven the growth of steel consumption and the rapid development of metallurgy, machinery, and metal processing industries. However, due to the development of Vietnam's metal processing and machinery manufacturing industry over the past 10 years, although the dependence on imports has decreased, the degree of specialization is still very low, and the import volume is still around 60%. This provides enormous opportunities for Chinese companies targeting the Vietnamese market.
It is worth noting that Vietnam relies on imports for both metal processing and industrial products, with a proportion of up to 94%, and only the remaining 6% is produced by themselves, indicating huge market potential. Mechanical tools and components account for a large proportion of imported products. At present, Vietnam has added many industrial zones to meet the rapidly expanding demand for manufacturing, while also attracting investors to settle in through economic policies such as reducing land and rent prices, and lowering taxes to varying degrees. Investing in establishing assembly plants in Vietnam can not only drive the export of components and technology, but also reduce tariff costs and enhance product competitiveness. In the future, ASEAN will be an important market for fastener exports.