1994 FIN – Four Summer Typhoons Cut Taiwan Fastener Export
September 28, 1994 FIN – Four typhoons and resulting floods have temporarily cut the export of fasteners and other products from Taiwan.
From the middle of July to end of August, the typhoons caused floodwaters. Among the areas hardest hit was Kang Shan, the headquarters of the Taiwan fastener industry. Kang Shan was surrounded by floodwaters twice in one week.
Ron Sackheim, president of XL Screw Corp. of Wheeling, Illinois, said the typhoon has created a shortage of imported fasteners, mostly in small screws.
“The typhoon was a real problem,” importer Sackheim told FIN. “It was the worst in 70 years.”
In several cases fastener manufacturers may have not been shut down, but the platers or heat treaters they use were. In one case, the carton manufacturer was flooded, Sackheim noted.
However, all firms XL deals with are back in production and Sackheim expects the supply to return to normal by the end of the year.
Fastener exports from Taiwan had been running at a record level in January 1994 and for the year were running 20% over 1993. ©1994/2011 Fastener Industry News
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