"Capital of China's Fasteners" goes to Ningbo

Screws, screws, and nuts, these seemingly insignificant parts, have become a large industry with an annual output value exceeding 10 billion yuan in Ningbo. Recently, the “Capital of Fasteners in China” has gone down in Ningbo and Ningbo has added a national gold industry card.

Fasteners are key components in the equipment manufacturing industry. Their level of development directly affects the revitalization of the entire equipment manufacturing industry. After years of development, Ningbo Fasteners has formed an industrial system with relatively complete categories, large scale, and certain competitiveness. It is China's most important fastener production and export base.

According to data provided by the City Fastener Industry Association, there are currently 168 fastener manufacturers above designated size in the city. Last year, sales reached 17.1 billion yuan, output was 1.6 million tons, accounting for 27% of the country's total, and exports were 610 million US dollars. There are 34 companies with their main revenue exceeding 100 million yuan.

Not only has the scale ranked first in the country, but also the innovation capability of the Ningbo fastener industry has been continuously improved. At present, there are 7 national high-tech enterprises and 2 national laboratories in the whole industry. There are 421 authorized patents, and one enterprise participates in the formulation of international standards. Five enterprises participate in the formulation of 23 national standards.

During the 12th Five-Year Plan period, the Ningbo fastener industry will rely on major equipment needs to further enhance industry concentration and innovation capabilities, and achieve new leaps in the industry from big to strong.” Association President Wang Hao recently granted The ceremony said.

It is reported that Ningbo fastener products will focus on breakthroughs in large-scale fasteners for wind power, high-strength fasteners for automotive engines, rail transportation, and EMU fasteners over 350 kilometers per hour.

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