India's fastener production and exports rose by at least 20% in 2011

Comprehensive foreign reports, due to the continuous increase in market demand, in 2011 fastener manufacturers in India will expand the production of fasteners. Many fastener companies stated that in 2011 fastener production and exports will increase by more than 20%, and some companies even said that they will achieve a 50% surge.

Among them, the automotive industry will be the most important source of additional orders for fasteners. The telecommunications, construction, electronics and textile machinery industries will also stimulate the growth of orders.

At the same time, India's fastener industry will also face several major challenges in 2011. The most serious of these is the rise in the cost of steel. The rise in cost will squeeze the profits of fastener manufacturers. The lack of electricity supply is another major problem faced by fastener manufacturers in India.

In order to solve the above problems, more than 150 high-strength fastener manufacturers in India stated that they will expand the factory area, introduce new equipment, expand product categories, and establish joint ventures to increase research and development capabilities.