Insight

Anchor Fasteners is planning to open a new factory in Benjhou Industrial Park in Kaohsiung, Taiwan, in order to offer additional services to customers in the near future.

Founded in 1986, Anchor Fasteners Industrial Co Ltd provides anchors and rivet nuts to customers in the industrial, construction and automotive sectors. 40% of the company’s sales today come from Europe, 30% from Asia and 25% from North America. The company is also able to work alongside customers to co-design bespoke products.

To meet growing demand, Anchor has always looked to introduce additional capacity, with the company establishing several plants over the years.

In addition to expanding its facilities, Anchor is also committed to investing in R&D and innovation by progressing its manufacturing technologies, from machining to cold forming – in order to reduce costs and  the consumption of raw materials, whilst continuing its commitment to quality. Anchor is focused on product quality and has received ISO 9001, ISO 14001, ISO 14064-1, IATF 16949 and ETA certifications.

Through this R&D and focus on quality, Anchor has been able to expand its market into high value fasteners for the automotive, electronics and construction sectors. In addition, through establishing an alliance in 2008, Anchor is also able to supply the medical industry.

Today, Anchor’s annual revenue is approximately US$40 million (€32.9 million) and believes its continued investment in innovation will be essential to its long-term success. That is why the company continues to invest in new equipment in order to add new services and product lines, increase capacity, as well as upgrade its manufacturing efficiency.

“It will be critical to continue investing in new capabilities to keep up with changing market dynamics and requirements. For example, in the automotive industry, we are continuing to see a shift toward electric vehicles,” explains Anchor Fasteners. “Moving forward, it will be essential to continue increasing our product diversification through digital transformation and new manufacturing technologies.”

As the global situation continues to evolve, efficient inventory management has also been underlined by Anchor as vital. “We work closely with our partners and customers to ensure we maintain sufficient inventory to meet their needs and ship on time,” comments Anchor. “We are committed to delivering a great customer experience and a big part of that is an efficient stock control system to ensure a reliable supply and meet customers’ expectations. When combined with competitive pricing, and a great variety of high-quality products, we are able to be a ‘one stop shop’ for our customers’ fastener needs.”