Bolts and nuts are onegroup of industrial fasteners extensively used in all branches of productionactivities. Nuts and bolts consist a major link in the family of industrialfasteners and are used by every industry. They are used in the production of all typesof physical products especially made from metal and wood. Bolts and nuts are mostly made from mildsteel, but in small quantities they can also be made from other ferrous andnon-ferrous metals. Nuts and bolts are used for fastening purpose in industrieswhere there placement of pieces and the parts is necessary. There are manyindustries producing these nuts and bolts of various sizes, but the demand toois increasing as well as the raw material for the product is easily andindigenously available.
During the last four yearsaverage annual imports of nuts and bolts were 40,000 tons. This quantity alone can justify theestablishment of a bolts and nuts producing plant. With increasing demand for these products,there is increasing need for such a plant.
NUTS BOLTS MAKING MARKET POTENTIAL
The demand of nuts andbolts is influenced by the following factors:
Transportation industries,Railways, aircraft, wagon, bicycles, automobile, body builders, etc.
Electrical industries likemanufacturing of transformer, electric motors, fans etc.
Building activities such asthe construction of bridges, fabrication of various steel structure etc.
Other heavy and lightindustries, steel and wooden furniture, machine tools, agricultural machinesand agricultural implements etc.