Abstract: The Wenzhou Fastener Industry Association held its second session of the fourth general meeting on the afternoon of December 6 and was informed that in the current complex and ever-changing economic environment, the development of the fastener industry in Wenzhou has improved and the high-end product market has grown. The share of possessions keeps increasing, and the quality of corporate brands has been upgraded. According to preliminary statistics, in 2011, the total industrial output value of the fastener industry in Wenzhou reached 14.8 billion, an increase of 9.7% over the same period of last year.

It is understood that Wenzhou City currently has more than 600 industrial enterprises above 100 million yuan, of which Wenzhou Fastener Industry has 7 brands such as Ruibiao Group, Zhejiang Mingtai, Junhao, Yili, Zhejiang Yibiao, Yutai and Ruiqiang. Industry's "leader" and play a demonstration role. At present, Wenzhou Fastener Industry Association has a total of 213 large-scale enterprises. The annual output value of these enterprises exceeds 10 billion yuan, accounting for more than 50% of the total output value of the entire industry. According to customs statistics, in 2011, strong foreign market demand, Wenzhou fastener manufacturers foreign trade orders are generally in the first three quarters of this year, Wenzhou Iron and Steel or copper exports 11,168 tons of fasteners, the export value of 24.52 million US dollars.

As a processing industry, production equipment process is life, determines the quality and grade of the product, which determines the market competitiveness of products, must make great efforts to do a good job of technological innovation, and constantly improve the ability of independent innovation. We must face the international market, increase the research and development of newer products, and accelerate the development of high value-added products.

In this process, it is necessary to take advantage of the leading role of leading companies, help companies introduce high-tech equipment, and upgrade their equipment through product updates. It is necessary for the government to increase support for the transformation and upgrading of traditional SMEs, and use advanced and practical technologies to transform and upgrade the advantages of traditional industries. We must give play to the role of external forces, intensify investment promotion, accelerate the introduction of more projects, technologies, and talents, improve the production of standard parts, and strive to achieve industrial transformation.