Wei Wen Screw Debuts at the 2024 Taiwan International Fastener Show

The fastener industry faced a slow market this year, yet many companies kept investing to sharpen their edge ahead of a recovery. At the show, Chairman Hung Wei-Wen said this was Wei Wen Screw's first time exhibiting and a clear signal of the company's international ambitions. The company is also preparing an industrial park to support its next stage of growth.

An executive from a listed screw manufacturer noted at the show that Wei Wen Screw has kept its order book steady despite the downturn, a sign that its technical capabilities are well recognized in the market.

According to the Kaohsiung office of Taiwan's International Trade Administration, fasteners are one of Taiwan's top ten export industries, with the world's third-largest market share. Exports reached US$4.77 billion in 2023, and one in every four screws used in the United States comes from Taiwan. The average export price rose from US$2.9 per kilogram in 2018 to US$3.74 in 2023, showing the industry's shift from selling by weight to selling by value. With the EU's Carbon Border Adjustment Mechanism (CBAM) and similar requirements on the way, Taiwanese suppliers are also under pressure to cut carbon and strengthen sustainability across the supply chain.

Wei Wen Screw will continue to build on its screw processing expertise, working with customers in Taiwan and around the world with consistent quality and professional service.