Exhibition
FASTENER FAIR ITALY 2024
Add to my favorite
Recovery Anticipated for European Economy
As Taiwan's eighth-largest export market for fasteners and Europe's second-largest fastener manufacturing nation, Italy has over 200 fastener manufacturers, with more than 75% of fasteners exported globally. Fastener Fair Italy is a grand and international biennial event for the local fastener industry, held this year from October 29 to 30 at the Allianz MiCo Convention Center in Milan. The 4th edition attracted over 200 exhibitors, primarily from Europe, along with exhibitors from Taiwan, China, India, and Turkey. Some exhibitors aimed to reconnect with existing clients to address their needs and provide replenishment services, while seeking to develop new European clients and secure more high-value orders.
Among the exhibitors, there were 12 Taiwanese exhibitors participating this year, including those who registered booths through Fastener World, including: ChiRek Fastener, Cornwall Enterprise, Joker Industrial, Kai Shyun Enterprise, Mao Chuan Industrial, Ray Fu Enterprise, Vertigo Forming Solutions, Wan Iuan Enterprise, and Chun Yu Works. We observed familiar faces among European guests who had previously attended exhibitions in Taiwan, and in Fastener Fair Italy they visited Indian exhibitors' booths.
Additionally, particularly among Chinese exhibitors, we noticed competition between European companies and Chinese exhibitors at the fair. Some equipment suppliers said that “Chinese exhibitors are competing with many countries in fastener products, and plus, they offer machinery that is 30% to 50% cheaper than Taiwan’s, coupled with faster delivery times. Their future competitiveness should not be underestimated.” These equipment suppliers hope to gradually shift their focus towards providing smart and higher-quality equipment to European customers.
This fair can be seen as a precursor to Fastener Fair Global scheduled for March next year in Stuttgart, Germany. Most visitors to this event were importers from EU countries, end-users of fasteners (primarily construction fasteners), and distributors. During the two days, Fastener World engaged with many international visitors, including new and known faces, introducing them to Taiwan's outstanding fastener companies while exchanging insights on economic prospects in Taiwan and Europe. Some visitors expressed optimism that the European economy would not decline further and could trend toward positive demand recovery.
