Insight

As the Turkish fastener manufacturers association, we can report that for us 2017 finished with a lot of important improvements and events. 

A big topic for 2017 was the irrepressible raw material demand, which created surplus in almost every metal sector. However, environmental restrictions made by China’s environmental protection department caused lots of delays and these delays will impact all metal sectors sooner or later. 

The growth in automotive, home appliances and constructions sectors induced all sub sectors such as fasteners to grow also. This resulted in not only standard fasteners but also special drawing parts increasing their shares in the sector. Total revenue has been increased by more than 40% while total production capacity has been increased by 20%. This shows us that value added parts are now produced in Turkey.

At the moment, the biggest threat for our sector is raw material supply. Some of the global wire manufacturers have already stopped delivering or submitting delivery dates for more than six months. This stops us from being able to make future plans or predictions. This has been a big lesson and we have learnt to diversify our sources for both raw material and consumables to different countries even different continents. 

As Turkey fastener manufacturers, we should use the advantages of our know-how and seize the opportunities to enlarge our production range and capacity with high-tech manufacturing processes. Our priority is to increase productivity to compete with other international competitors and become the perfect European fastener supplier for all sectors.