Around 44% of firms in the industry are located in the area near Kaohsiung, which accounts for the choice of the arena as fairground.
Burgeoning roughly in the 1950s, fastener industry in Taiwan has over sixty years history of development.
[1] The first bloom of Taiwanese firms came during the Vietnam War, as they were commissioned to supply fastener products to the United States Army.
Later, the appreciation of the Japanese Yen in the 1970s further prompted the shifting of orders from Japan to Taiwan, fueling industry growth in the ensuing years.
The event was held for the first time in 2010 in response to calls from the industry,[3] as exports continue to grow at a rate of approximately 4.7%, amounting to NT$99.9 billion in 2008.