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TIFI: Taiwan Fastener Industry In ‘Decline’

TIFI: Taiwan Fastener Industry In ‘Decline’
October 28
07:13 2019

The industry “may not (see) good conditions” until the second quarter of 2020, according to Taiwan Industrial Fasteners Institute (TIFI) chairman Tu-Chin Tsai. He noted that Taiwan fastener manufacturers have superior technology, quality and lead times, but can’t compete on price with low-wage countries such as Vietnam and Malaysia.

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