We are thrilled to announce that we will participate in the WORLD BRUSH EXPO 2024, which will be held from May 22-24, 2024, in the 29 and 30 halls of the Bolognafiere Venue, Bologna, Italy. We sincerely welcome all brush manufacturers and customers from any industries visit our booth L9 to share our innovative filament products and the best-customized filament solution.
Tai Hing Nylon is reporting PA66 and PBT raw materials, which are already at record highs, continue to see prices on the rise. Suppliers have limited supply and that scenario is expected to continue for the next three months.
Tai Hing previously reported that PA66 raw materials had increased by more than 30% at the end of November 2020. Due to the lack of upstream raw materials and price increases, most manufacturers with the limited PA66 have suspended new orders. Price increases are expected to last until May 2021. The notice of force majeure around the Chinese Spring Festival for the upstream manufacturers led to the continued lack of supply and increase in cost.
With many countries offering more transparent trade policies and the ease of sourcing raw materials throughout the world, global trade is now the standard. However, recent volatility in material and energy price, rising protectionism and the US-China trade war is making acquisition riskier and there is uncertainty for the trade market. Many enterprises no longer set their sights on countries offering low labor costs, but instead, now look for countries offering lower prices in resources. Reducing acquisition cost and risk is now the foremost mission for enterprises performing international trades.
Tai Hing Nylon Filament Products Co., Ltd. is pleased to announce the launch of a new logo that is part of a strategy to greatly enhance the recognition of the products and build the international brand image of Tai Hing in the monofilament industry. The new logo utilizes different monofilament patterns, circles and red elements to symbolize our multiple products and subtly forms the word “NYLON.”
