Global Fastener News

HEADLINES

Walker Officially Takes Reins As IFI’s 8th Managing Director

August 27
15:58 2018

Rob Harris was managing director from 1995 through 2017.

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IFE Announces 9 Conference Sessions for 2018

August 27
14:04 2018
    IFE Announces 9 Conference Sessions for 2018

Navigating Consolidation, Leadership Vs. Management, E-Commerce, 3D Printing, Thread Rolling, B2B Pricing and Coating Changes are topics.

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IFE to Honor Sachs, Gilchrist, Hsieh and Xu

August 27
13:42 2018
    IFE to Honor Sachs, Gilchrist, Hsieh and Xu

Sachs of XL Screw and Gilchrist of Capital Marketing named to IFE Hall of Fame; Hsieh and Xu of Brighton-Best named Young Fastener Professionals.

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STAFDA Space & Hotels Nearly Full

August 27
12:16 2018

Booth space and hotel rooms are nearly sold out for the 42nd annual Specialty Tools & Fasteners Distributors Association convention will be October 28-30, 2018, at the Phoenix Convention Center.

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NFDA Honors Ruetz With Professional Award

August 27
11:44 2018
    NFDA Honors Ruetz With Professional Award

The 2001 National Fastener Distributors Association president has spent more than 40 years in fastener distribution. He began working full time in the family business, All Tool Sales, in 1978.

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SHORTTAKES: Acument, Boker’s, Chambers, Speciality Screw, and Spirol

August 27
01:05 2018

Fontana Gruppo appointed Daniel Di Sebastian as CEO of Acument Global Technologies. Acument is Fontana Gruppo’s North American subsidiary. Di Sebastian joined Acument in 2015 as operations VP. During his...

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Gilchrist Names 4 Scholarship Winners

August 27
00:37 2018

Robbie Gilchrist and Gina Gilchrist established the Gilchrist Foundation Fastener Scholarship in 2000 to return something to the fastener industry.

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Fastener Cos. Get Inconsistent 232 Tariff Waiver Responses

August 07
19:01 2018
    Fastener Cos. Get Inconsistent 232 Tariff Waiver Responses

“The Commerce Department continues to be overwhelmed, the process is inconsistent at best, and tilted to steel industry at worst,” Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com.

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Semblex Marks 50th Anniversary

August 07
18:58 2018

Semblex was founded in 1968 by Daniel Haerther with three other employees to manufacture small diameter, standard fasteners in Illinois.

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Fastener Companies Report Sales & Profit Gains

August 07
18:54 2018
    Fastener Companies Report Sales & Profit Gains

Publicly-held companies with fastener operations reported sales gains during the first six months of 2018.

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US Hikes Section 301 Tariff On Chinese Goods To 25%

August 07
18:50 2018
    US Hikes Section 301 Tariff On Chinese Goods To 25%

The Office of the U.S. Trade Representative announced that the Section 301 duty to be imposed on $200 billion worth of Chinese goods, including fasteners, will be 25% instead of 10% announced on July 10.

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Report: Arconic Mulling Private Takeover

August 07
18:48 2018
    Report: Arconic Mulling Private Takeover

If a deal is reached, Arconic would become the second major aerospace fastener supplier to be acquired in recent months.

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Nucor Invests in New Chrome Plating Tech

August 07
18:47 2018

As part of its investment, Nucor is working with Trion Coatings to commercialize the technology and will be constructing a pilot facility at Nucor Fastener in St. Joe, IN.

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EU Imposes Quotas for Steel & Stainless Wire Rod

August 07
18:44 2018
    EU Imposes Quotas for Steel & Stainless Wire Rod

“The imposition of 232 steel tariffs (by the U.S.) further increased the potential for import growth as the result of product previously destined for the U.S. market being diverted to the EU market,” writes Fastener + Fixing Magazine executive editor Phil Matten.

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IFE Returns to Mandalay Bay for 2018

August 07
18:36 2018

International Fastener Expo events begin on Tuesday, October 30, 2018. The trade show will be 9am to 4pm on Wednesday and Thursday. Advance discount registration ends September 15.

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Machinery Expo Returning in 2019 In Conjunction With InterWire

August 07
18:27 2018

The International Fastener Manufacturing Exposition will be May 14-16, 2019, in Atlanta.

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SHORTTAKES: Automated Packaging Systems, Earnest Machine, Hahn Systems, Innovative Componets, Vlier Products

August 07
18:22 2018

Automated Packaging Systems was recognized by Crain’s Cleveland Business as one of Northeast Ohio’s largest privately-held companies, ranking #28 on the Top 50, based on annual revenue. Automated Packaging’s #28...

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Fasteners Targeted in Latest U.S. Tariffs Against China

July 16
23:49 2018
    Fasteners Targeted in Latest U.S. Tariffs Against China

The White House is considering additional tariffs of 10% on $200 billion worth of Chinese exports, including fasteners. If implemented, this third round of Section 301 tariffs would begin in September.

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H1 FINdex Keeps Pace with Other Industrial Stocks

July 16
23:09 2018
    H1 FINdex Keeps Pace with Other Industrial Stocks

In a quarter pre-occupied by multiple rounds of international tariffs, companies with fastener businesses faced uncertainty in their global supply chains.

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EU Panelists: Wire Rod Prices Up Worldwide

July 16
22:30 2018
    EU Panelists: Wire Rod Prices Up Worldwide

European wire rod costs rose by around EUR 100/ton in the first quarter 2018, following a similar level of increase in 2017.

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