One-stop Fastener
Custom Manufacturing Expert

Ask me anything

Contact information for headquarters sales
Contact information for Indonesia sales
Contact information for India sales

Tel: +86 13560730094

Consult

Categories:

2.3 Billion Boost: MIIT Funds Fastener Industry Upgrade

[Abstract]:In 2025, the Ministry of Industry and Information Technology (MIIT) officially launched a 2.3 billion yuan special fund for the "Industrial Strong Foundation" project targeting the fastener industry.

In 2025, the Ministry of Industry and Information Technology (MIIT) officially launched a 2.3 billion yuan special fund for the "Industrial Strong Foundation" project targeting the fastener industry. This policy is regarded as a pivotal move to break the technological bottlenecks facing high-end fasteners, marking a substantive phase in China's efforts to strengthen its core basic components sector. Through precise and targeted investment, the fund has established a trinity upgrade system covering "material R&D, production line modernization, and testing certification," injecting powerful momentum into the high-quality development of the fastener industry.

Regarding the allocation structure, 42% of the funds are dedicated to R&D for high-end fastener materials, focusing on overcoming domestic production hurdles for lightweight materials like titanium and magnesium-aluminum alloys, as well as specialty steels such as martensitic stainless steel and nickel-based alloys. For instance, with this financial support, the Institute of Metal Research at the Chinese Academy of Sciences partnered with Hebei Jianke Fastener Co. to achieve a breakthrough in magnesium-aluminum alloy fasteners, reaching a tensile strength of 1200MPa while reducing unit weight by 45% compared to traditional steel parts—perfectly aligning with the EV industry's core need for "weight reduction and extended range." Another 31% of the funds were allocated to intelligent production line upgrades. Through a competitive "open competition" mechanism, 15 digital twin production lines were funded, slashing the product defect rate from an industry average of 3‰ down to 0.8‰ and compressing order response times to just 72 hours. Zhejiang Jinyi Industrial utilized these funds to revamp its cold heading lines, reducing the processing steps for connecting rod bolts from seven down to four and boosting production efficiency by 60%. The remaining 27% was invested in building a robust testing and certification system. The Shanghai Fastener Technology Research Institute received 120 million yuan to establish the country's only multi-condition coupling test platform. This facility can simulate performance degradation under extreme temperatures ranging from -40℃ to 150℃, filling a critical gap in high-end testing capabilities.

The industrial transformation driven by this policy is already showing tangible results. Data indicates that the direct injection of funds propelled the industry's R&D investment intensity from 2.3% in 2024 to 3.8% in 2025, with projections estimating a further rise to 5.5% by 2027. In terms of import substitution for core products, the domestic replacement rate for Grade 12.9 ultra-high-strength bolts surged from 35% to 60%, unlocking a market space worth 5.9 billion yuan. Regional industrial synergy has also become highly pronounced. In the Yangtze River Delta, six funded enterprises formed a nano-coating anti-corrosion technology alliance, extending product salt spray test endurance from 500 hours to 1500 hours. Meanwhile, in central China, a shared platform for intelligent cold heading equipment helped SMEs lift their production efficiency by 40%.

Perhaps the most profound impact lies in solidifying supply chain security. Accompanying the special fund, the "Catalogue of Key Materials for Automotive Fasteners" was introduced, incorporating eight categories of critical materials into strategic reserves. This is expected to raise the localization rate of key materials from 52% to 75% by 2026. Furthermore, the policy establishes a dynamic assessment mechanism requiring funded enterprises to generate no fewer than 1.8 patents per 100 million yuan in output value. This drives the annual number of new industry patents to grow from 2,173 in 2024 to over 5,000 by 2027. This model of "policy guidance combined with market drive" is actively pushing China's fastener industry to transition from mere "scale expansion" to genuine "quality and efficiency," providing solid foundational support for high-end equipment manufacturing sectors like aerospace and new energy.

Professional consultant team online, ready to provide solutions for you

Contact Now

2.3 Billion Boost: MIIT Funds Fastener Industry Upgrade

Related News

Latest Products