Global Fastener News

HEADLINES

Sciarra: Work With Trade Groups on U.S. Tariffs

November 12
12:03 2018
    Sciarra: Work With Trade Groups on U.S. Tariffs

“The automotive and equipment associations work hard,” stated Vanessa Sciarra, VP for legal affairs and Trade & Investment Policy for the National Foreign Trade Council. “They are your best friends.” 

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DeStefano: Customers Want Education on Company Websites

November 12
10:36 2018
    DeStefano: Customers Want Education on Company Websites

Social media consultant tells STAFDA that 74% of buying now begins online before talking to any salesperson.

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St. John: Customers Want To Feel Cared For

November 12
06:00 2018
    St. John: Customers Want To Feel Cared For

STAFDA president: One lesson from competing with Amazon and other major players “is the idea that we win when our customers win, or Mr. Bezos’s now famous mantra ‘it is all about the customer’.”

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Bossard Buys Stake in 3D Printing Firm

November 12
04:01 2018

Bossard already announced partnerships with three 3D printer manufacturers in early 2018, when the Bossard Group took over the representation and distributorship of these companies for the Swiss market.

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KLX Helps Boeing Respond Faster While Cutting Costs

November 12
03:59 2018
    KLX Helps Boeing Respond Faster While Cutting Costs

“Before acquiring KLX, Boeing was starting to invest in ways to be more integrated with customers’ parts stocking operations as a step to achieve this,” writes Lee Ann Shay of MRO-Network.com. “KLX already is doing that by being integrated in customers’ shop floors day to day through its bin stocking programs for OEMs, airlines and MRO.”

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October FDI Accelerates

November 12
02:12 2018
    October FDI Accelerates

Sales and hiring increased during the month, while customers expressed uncertainty about future orders due to U.S. tariffs.

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Baird, Hughes Head STAFDA

November 12
01:57 2018

Sean Baird, president and owner of Hampton Roads Fastener & Construction Supply Inc. in Virginia Beach, VA, is the new president of the Specialty Tools & Fasteners Distributors Association.

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SHORTTAKES: Aim Testing Lab, FIC, Bolt Supply House and Sherex Fastening Solutions

November 12
01:53 2018

Carmen Vertullo and Rob LaPointe co-founded AIM Testing Laboratory. The primary focus of AIM is consultation, training and testing of fasteners and related products.  Product offerings include technical guidance, specifications...

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Sisto Advises Distributors More Prefab in Future

November 12
00:51 2018
    Sisto Advises Distributors More Prefab in Future

Offsite construction is on the rise and Bill Sisto predicted to the Specialty Tools & Fasteners Distributors Association that contractors will partner with prefab companies.

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Despite Revisions, 232 Tariff Process Still ‘Inconsistent’

October 22
16:54 2018
    Despite Revisions, 232 Tariff Process Still ‘Inconsistent’

Nearly five months after the U.S. imposed tariffs on steel and aluminum imports, fastener manufacturers continue to receive “inconsistent” responses from the U.S. Commerce Department related to exclusions requests, according to the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid.

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FINdex Bounces Back in Q3

October 22
14:46 2018
    FINdex Bounces Back in Q3

The FIN Fastener Stock Index bounced back in the third quarter of 2018, rising 9.2% after declining 0.4% in the previous quarter.

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XL Screw Marking 50th Anniversary

October 22
05:17 2018
    XL Screw Marking 50th Anniversary

Back in the early days of XL Screw, communication with overseas suppliers was with teletype machines, unreliable phone service plus multiple stop, smoke-filled flights to Japan. Reflecting on the changes in his 46 years at XL, Bob Sachs cited increased efficiency through technology.

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Düsseldorf Adding Fastener Section in 2020

October 22
03:59 2018
    Düsseldorf Adding Fastener Section in 2020

The biennial Wire trade show in Germany has long dominated the fastener machinery exhibitions. Wire Düsseldorf noted passenger cars contain more than 1,000 screw connections – 300 of them in the combustion engine – and some 1,000 springs.

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FDI Declines For Second Straight Month

October 22
03:42 2018
    FDI Declines For Second Straight Month

The seasonally adjusted September FDI (55.8) decelerated in September, “still strong in absolute terms but nonetheless meaningfully lower for the second straight month,” according to R.W. Baird analyst David Manthey.

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Tariffs Session Added to 2018 IFE Program

October 22
03:13 2018

Vanessa Sciarra of the National Foreign Trade Council will speak Tuesday during the October 30 - November 1 International Fastener Expo in Las Vegas.

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Equity Firm Acquires Prestige Stamping

October 22
02:39 2018
    Equity Firm Acquires Prestige Stamping

Founded in a Detroit garage in 1967, Prestige Stamping operates a 100,000 sq ft facility in Warren, MI, to produces high-volume, tight-tolerance washers and similar small stampings.

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Lawson Acquires Dallas-Based Screw Products

October 22
02:13 2018

It is Lawson’s sixth acquisition in 36 months. The 2017 acquisition of the Bolt Supply House at $40 million was the largest.

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Nucor Reports Record Earnings

October 22
02:04 2018

Third-quarter net earnings more than doubled, buoyed by U.S. tariffs on steel and aluminum.

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Fastener Sales Strengthen at Fastenal

October 22
01:39 2018

Fastenal warned that “challenges remain from inflationary pressures and new tariffs on Chinese-sourced goods.”

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Bossard Reports ‘Vigorous’ U.S. Sales

October 22
01:34 2018

Increased sales “due to increased demand from the largest U.S. electric vehicle manufacturer” (Tesla).

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