Global Fastener News

HEADLINES

Trump Tariffs Squeezing U.S. Fastener Manufacturers

April 16
18:15 2018
    Trump Tariffs Squeezing U.S. Fastener Manufacturers

Higher prices and a ‘burdensome’ exclusion process fuel uncertainty, according to the Industrial Fasteners Institute's Washington representative Jennifer Baker Reid.

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Matten: European Fastener Demand Strong

April 16
09:32 2018
    Matten: European Fastener Demand Strong

Even Great Britain’s ‘Brexit’ has not dampened manufacturing, veteran fastener editor tells Fastener Fair USA conference.

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FINdex Achieves Muted Q1 Performance

April 16
05:29 2018
    FINdex Achieves Muted Q1 Performance

Q1 was “a period when investors experienced a dizzying series of record highs, followed by a dramatic collapse and the return of long-dormant volatility,” according to MarketWatch.

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U.S. Finds Dumping & Subsidization of Steel Wire Rod

April 16
04:43 2018
    U.S. Finds Dumping & Subsidization of Steel Wire Rod

The Commerce Department determined that exporters from Italy, Korea, Spain, Turkey, and the UK are dumping carbon and alloy steel wire rod in the U.S.

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Endries Int’l Acquires Branam Fastening

April 16
04:21 2018
    Endries Int’l Acquires Branam Fastening

Founded in 1986 by Terry Delia, Branam supplies fasteners to OEM and distribution markets in the U.S.

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SWK Completes $440m Nelson Fastener Acquisition

April 16
03:48 2018
    SWK Completes $440m Nelson Fastener Acquisition

Elyria, OH-based Nelson Fastener Systems manufactures fasteners for the aerospace, automotive, construction, energy, industrial, marine and military markets.

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Trifast Acquires Precision Tech Supplies

April 16
03:01 2018
    Trifast Acquires Precision Tech Supplies

TR adds established stainless steel fastener supplier to increase global product range and growth.

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Bossard Distances Itself From Tesla Recall

April 16
02:45 2018
    Bossard Distances Itself From Tesla Recall

“In particular, we would like to clarify that the bolts in the power steering component affected by a recall were not supplied by Bossard.”

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IFE Announces Dates & Venue Through 2020

April 16
02:26 2018
    IFE Announces Dates & Venue Through 2020

“We know how important commitment and planning is to the fastener industry and this move enables us to produce the largest marketplace gathering for the 38th and 39th year in a row,” said Karalynn Sprouse, executive VP of Emerald Expositions.

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Fastener Fair USA In Detroit For 2019

April 16
01:01 2018
    Fastener Fair USA In Detroit For 2019

As the inaugural show opened in Cleveland, show management announced that the next Fastener Fair USA will be held May 22-23, 2019, at the Cobo Center in Detroit.

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Inflation Is Topic for Chicago Panelists

April 16
00:37 2018

The 37th annual Mid-West Fastener Association table top show will be June 4, 2018.

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SHORTTAKES: Arconic Fastening Systems, Bodycote, Lindstrom, MacLean-Fogg Component Solutions, Nedschroef & Trifast

April 16
00:10 2018

Arconic Fastening Systems plans a $45 million upgrade of its plant in Waco, TX, the Waco Tribune-Herald reports. “The Waco City Council has endorsed Arconic’s request to participate in the...

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Trump Signs Orders on Tariffs

March 20
09:35 2018
    Trump Signs Orders on Tariffs

The tariffs, which go into effect March 23, do not appear to directly affect fasteners and other finished steel products. But the threat of steel hikes could have a chilling effect on the U.S. economy, economists warn. Steel prices were already up by more than 12% year to date as of Feb. 27, Barron’s reports.

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EU Lists Potential Retaliatory Tariffs on U.S. Fasteners

March 20
07:30 2018
    EU Lists Potential Retaliatory Tariffs on U.S. Fasteners

The European Commission has published a 10-page provisional list of imported U.S. products, from peanut butter and orange juice to steel fasteners, that Europe is threatening to apply 25% import duties unless the EU is exempted from steel and aluminum duties imposed by U.S. President Donald Trump, Fastener + Fixing Magazine reports.

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IFI’s Johnson at NFDA: Tariffs Won’t Last

March 20
06:11 2018
    IFI’s Johnson at NFDA: Tariffs Won’t Last

Industrial Fasteners Institute chair Phil Johnson, CEO of Agrati’s ContMidGroup, predicted the Trump tariffs won’t last, just as the announced three-year 30% steel tariffs during the George W. Bush administration lasted only half as long as intended.

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3D Printing Gains Momentum in Fastener Industry

March 20
05:12 2018
    3D Printing Gains Momentum in Fastener Industry

In recent weeks, two prominent fastener companies have announced programs to add upgraded 3D printing to their businesses.

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‘Loose Steering Wheel Bolt’ Forces Ford To Recall 1.38 Million Vehicles

March 20
04:13 2018
    ‘Loose Steering Wheel Bolt’ Forces Ford To Recall 1.38 Million Vehicles

Select 2014-18 Ford Fusion and Lincoln MKZ vehicles recalled "for loose steering wheel bolts that could lead to a steering wheel detaching from steering column."

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Johnson, DeSantis Lead IFI For 2018-19

March 20
03:03 2018
    Johnson, DeSantis Lead IFI For 2018-19

Managing director Ken McCreight announced the IFI has 27 new members, and plans to launch an online apprenticeship training program.

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February FDI Moderates ‘Slightly’

March 20
02:35 2018
    February FDI Moderates ‘Slightly’

Commentary “again skewed largely positive” overall. One respondent indicated “sales are up 15% YTD.”

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G.L. Huyett Acquires ITW’s HANDI-CHEK

March 20
02:06 2018
    G.L. Huyett Acquires ITW’s HANDI-CHEK

ISO certified manufacturer and master distributor of non-threaded fasteners acquires the HANDI-CHEK packaged goods business of ITW Shakeproof Industrial Products.

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