Shanghai Rivet Enters Auto Part Market

           Since late 2008 when Shanghai Rivet Manufacture Co., Ltd. (former Wenzhou Yuanda Standard Components Manufacturing Co., Ltd.) moved from Wenzhou to Shanghai, it has improved itself significantly in terms of land area, workshop, equipment and personnel. It is apparent that Shanghai Rivet has caught the right time, right place and right people.

        Mr. Shao Wuzhong, general manager said that Shanghai Rivet would further expand equipment input and product R&D in order to make rivet nuts better, more comprehensive and stronger, especially for the stainless steel series, which would become the feature products of Shanghai Rivet. Furthermore, the company is preparing for the entry into the auto part market with its high value-added fastener products in 2009.

         Currently, overseas component manufacturers swarm into China one after another. Many more companies, following Webaste, Tenneco and Arcelor Mittaare, are now looking for opportunities to enter the Chinese market. When asked how to face these strong opponents and why is so hopeful about the auto part market, Shao answered, "Indeed, every international auto component giant come to China for competition with its plants and products. It seems to be negative for Chinese producers, but from the positive aspect, it does drive the development of Chinese auto part industry. Along with the fierce competition, more and more Chinese enterprises will consider it as an encouragement for the improvement of products, technologies and management, and will urge higher demand to achieve company upgrade."