Recently, Xingtai Steel Co., Ltd. and its subsidiary Xingtai Xinxiang Metal Materials Technology Co., Ltd. participated in the 2024 Southeast Asia Fastener Professional Exhibition held in Jakarta, Indonesia. This grand event was jointly presented by Fastener Expo Shanghai, a top professional fastener exhibition in Asia, and Peraga Expo, a leading local exhibition company in Indonesia. The aim is to create the most influential hardware, tools and fasteners exhibition in Southeast Asia.
This exhibition is not only a witness to the vigorous development of the fastener industry but also an important platform for promoting international cooperation and deepening industrial exchanges. The first Southeast Asia Fastener Professional Exhibition brought together more than 150 exhibitors, covering an exhibition space of 5,000 square meters. The Hardware and Fastener Branch of the China Chamber of Commerce for Import and Export of Metals, Minerals and Chemicals, the Indonesian Chinese Association, the Indonesian-Chinese Chamber of Commerce, and multinational entrepreneurs from China, Indonesia, Singapore, and Germany gathered together.
As the largest professional manufacturer of cold-heading steel wire rods in China, Xingtai Steel Co., Ltd. (Xingtai Steel) has won widespread recognition in domestic and foreign markets with its outstanding technical strength and leading product quality. Especially in the automotive industry, Xingtai Steel has successfully passed the strict certifications of many well-known automotive original equipment manufacturers (OEMs) such as Honda, General Motors, SAIC Motor, Ford, and Xpeng Motors, occupying an important position in the field of automotive fasteners. Its products cover mainstream vehicle series in Europe, the Americas, Japan, and South Korea.
In 2023, Indonesia's GDP was $1.37 trillion, accounting for 1.2% of the global total, ranking first among the ten ASEAN countries. Among them, the manufacturing industry grew by 4.64% year-on-year, contributing 18.67% to the GDP, which is higher than the levels of the OECD and the world, and also exceeds those of emerging economies such as India and Brazil. As the fourth most populous country and the largest Muslim country in the world, Indonesia has broad prospects for the manufacturing industry. Its automotive and motorcycle parts market has huge capacity and development potential.
This month, the total quantity of cold-heading steel products such as Grade A materials, S45C, and SCM435 supplied by Xingtai Steel to the Indonesian market exceeded 3,000 tons, reaching a new historical high. During the exhibition, many local key customers and potential partners visited Xingtai Steel's exhibition hall for in-depth exchanges and negotiations, jointly exploring cooperation opportunities for mutual benefit and win-win results. Xingtai Steel will continue to focus on the Indonesian and Southeast Asian markets, actively restore market share, and sincerely invite all visionary people from all walks of life to cooperate hand in hand to contribute to the industrial development of the Southeast Asian region.
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