Global Fastener News

HEADLINES

Industrial Fastener Stocks Show Strength in 2018

January 07
12:10 2019
    Industrial Fastener Stocks Show Strength in 2018

After two consecutive years of double-digit growth, the FIN Fastener Stock Index contracted in 2018, hampered by volatility that dominated the markets, making 2018 the worst year for stocks in a decade.

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China’s Standard Fastener Exports Jump

January 07
09:03 2019

In the first 10 months of 2018, China exports of standard fasteners increased 14.5% in volume and 31.7% in value, Fastener World reports.

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Tariffs Dominant Story of ’18

January 07
08:13 2019

The last time the U.S. imposed a global tariff on imported steel was in 2002 under President George W. Bush. The 30% tariff ended the following year after the WTO ruled the Section 201 remedy violated global trade practices. According to one independent study, the 2002 Bush steel tariffs cost 200,000 jobs because of higher steel prices.

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Würth Unveils 2nd Phase of China Supply Center

January 07
06:04 2019

Würth’s project in Haiyan will focus on warehousing, logistics and hardware.

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Weak Sales Trends Slow FDI

January 07
04:05 2019

November Fastener Distributor Index decelerates on weaker sales trends.

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PennEngineering Reports Fire at PA Facility

January 07
03:14 2019

“We are very thankful our emergency procedures were effective, and there were no injuries,” stated president Leonard Kiely.

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Obituaries: Bob Lehman, Lee Loudermilk and Frederick Lubker

January 07
02:07 2019

Click on Obituaries.

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InterWire 2019 Includes Manufacturing Sessions

January 07
01:17 2019

The first fastener machinery trade show was in Atlanta in 1981. IFME will be May 13-16, 2019, in conjunction with InterWire.

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SFA Names Cari Bailey as Executive Director

January 07
00:58 2019

Elsner has been Southwestern Fastener Association’s executive director for 17 years.

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Partsmaster Acquires Cen-Tex

January 07
00:40 2019

Established in Waco, TX, Cen-Tex sells and distributes fasteners, nuts, bolts, washers, fittings, and other products for manufacturing.

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SouthernCarlson Buys Apex Tool & Fasteners

January 07
00:15 2019
    SouthernCarlson Buys Apex Tool & Fasteners

“This latest acquisition strengthens SouthernCarlson’s footprint in Florida, adding capabilities and local distribution presence in the Fort Myers, Orlando and Tampa markets,” stated SouthernCarlson.

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SHORTTAKES: Aerosmith Fastening Systems, Agrisolutions, Loomis, Mountz & Semblex

January 07
00:05 2019

Don Kudiak was promoted to president of Aerosmith Fastening Systems. He joined the Indiana company in 2005 and has been general manager and director of product development. Founded in 1967,...

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U.S. Tariff Hike On Chinese Fasteners Delayed

December 10
08:56 2018
    U.S. Tariff Hike On Chinese Fasteners Delayed

Section 301 tariffs of 10% on $200 billion worth of Chinese goods, including a majority of fasteners manufactured in China, were scheduled to increase to 25% on January 1, 2019.

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G.L. Huyett Receives 232 Tariff Exclusions For Steel

December 10
06:55 2018
    G.L. Huyett Receives 232 Tariff Exclusions For Steel

“I suspect that we may be the very first company in the U.S. fastener industry to receive exclusions,” stated CEO Tim O’Keeffe.

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Prop 65: Fastener Industry “Not Low Hanging Fruit”

December 10
04:23 2018
    Prop 65: Fastener Industry “Not Low Hanging Fruit”

Vertullo at IFE: “It’s about not getting sued” by bounty hunters.

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PPG Raising Coatings Prices 10%

December 10
03:14 2018

VP cites cost of raw materials, freight, energy and labor in increasing prices.

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AFC Industries Acquires Victory Bolt

December 10
02:36 2018
    AFC Industries Acquires Victory Bolt

Founded in 1988, Charlotte, NC-based Victory Bolt is a full-service distributor of fasteners, specialty components, and VMI solutions.

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Winsupply Acquires MSI Supply

December 10
02:06 2018
    Winsupply Acquires MSI Supply

Founded in 1999, Houston-based MSI Supply distributes fasteners, stud bolts, PVF, flanges, and gaskets for the petroleum and pharmaceutical industries.

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Manns: ‘If Your Margins Aren’t Right, You Are Speeding Up Your Demise’

December 10
01:47 2018

“Low paid salesmen are expensive,” CPA tells STAFDA. “High paid salesmen are cheap.”

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Distributors, Trade Schools Use STAFDA’s ‘Workin’Man’ Song

December 10
01:30 2018

Song was written for the 2017 Specialty Tools & Fastener Distributors Association convention as a tribute to the trades, but multiple members have put it on their websites, executive director Georgia Foley announced at the 2018 convention.

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