Global Fastener News

NEWS BRIEFS

PPG Announces 6% Price Increases On North American Coatings

June 20
11:52 2018

VP Braun cites raw material and labor costs.

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Optimas Acquires Circle Bolt & Nut

June 19
01:10 2018
    Optimas Acquires Circle Bolt & Nut

Founded in 1979, Circle Bolt supplies standard fasteners and custom specialty fasteners, as well as vendor managed inventory, for OEMs and MROs.

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EFC International Opens in Mexico

June 18
10:32 2018

Warehouse in Querétaro, outside sales engineers, customer service and support staff in Mexico enables EFC “to enhance our service level in the region,” said Mary Becker, VP of North American sales.

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Airbus Awards LISI Aerospace

June 14
12:20 2018
    Airbus Awards LISI Aerospace

LISI Aerospace has supplied Airbus since the beginning of the aircraft manufacturer.

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Nord-Lock Names New CEO

June 07
18:57 2018
    Nord-Lock Names New CEO

Fredrik Meuller, who holds a MSc. in Finance from the Stockholm School of Economics, will be based in the head office in Malmö, Sweden.

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Würth: No More U.S. Investment Until Trump ‘Goes’

June 07
18:56 2018
    Würth: No More U.S. Investment Until Trump ‘Goes’

“We’ll wait and see if President Trump is re-elected in four years,” the 83-year-old patriarch of the Würth family said. “Würth returns when he goes.”

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EU Fastener Import Trends

June 03
15:48 2018

"As markets recovered and importers returned to long range, longer lead time sourcing, purchasing refocused on Taiwan from which imports continued to grow – even after the antidumping duties on China were repealed," according to Fastener + Fixing executive editor Phil Matten.

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Advance Components Stocks Heyco Solar Parts

May 31
16:14 2018
    Advance Components Stocks Heyco Solar Parts

"Heyco is excited to announce the recent addition of over 220,000 pieces of 28 different SKUs to Advance Components' offering."

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Trump Metals Tariffs Hit Allies

May 31
12:03 2018
    Trump Metals Tariffs Hit Allies

“Raw material prices and lead times were already increasing (25% - 40%),” the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com. “This will make matters worse.”

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MWFA Panelists: Hunt, Herbst, Cincinello & Kerr

May 24
23:53 2018

Fastener inflation panel precedes 37th annual Mid-West Fastener Association trade show on June 4 and 66th annual Golf Outing on June 5.

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301 Tariffs Cast Shadow Over Fastener Industry

May 22
19:20 2018
    301 Tariffs Cast Shadow Over Fastener Industry

In addition to the looming 232 tariffs on steel and aluminum, the fastener industry is also grappling with the fallout from an additional set of tariffs that could place a 25% tariff on all imported nuts.

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KLX Fastener Revenues Rise in Q1

May 21
11:19 2018
    KLX Fastener Revenues Rise in Q1

Aerospace segment gains “driven by an approximate double-digit percentage increase in both commercial aerospace manufacturing and aftermarket revenues.”

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AFI Industries Gets IATF & ISO Accreditation

May 21
08:46 2018

Founded in 1976, AFI Industries, Inc. is a domestic cold header of screws.

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Bulten Poised To Grab EV Market Share

May 17
11:29 2018
    Bulten Poised To Grab EV Market Share

“The development toward more hybrid and electric cars works in our favor, as more fasteners will be needed for each car due to new materials and powertrains.”

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NCFA Marks Its 10th ‘Social’ Alternative to Table Tops

May 10
17:55 2018

The North Coast Fastener Association Distributor Social will be Thursday, May 17, 2018, in Independence, OH.

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B2B Industrial Packaging Opens Laredo Warehouse

May 10
17:10 2018

“Our client base in Mexico is growing fast and we needed a distribution base that will allow us to get products to them as quickly as possible,” stated president Bill Drake.

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Sundram Fasteners Reports “Best Ever” Results

May 09
10:56 2018
    Sundram Fasteners Reports “Best Ever” Results

The India-based fastener manufacturer reported domestic sales improved 16.9% “in the light of increase in production of passenger vehicles, utility vehicles, light commercial vehicle and two wheelers.”

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Chicago Rivet Fastener Sales Grow

May 06
15:28 2018
    Chicago Rivet Fastener Sales Grow

“Improvement in automotive sales and the addition of a number of non-automotive customers in the second half of 2017 contributed to the revenue increase in the first quarter.”

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Fastenal Fastener Sales Growth Nears 11%

May 04
16:55 2018
    Fastenal Fastener Sales Growth Nears 11%

Overall sales increased 19.1% to $409.3 million in April, while daily sales grew 13.4% to $19.5 million during the month.

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Vertullo: Is Your Company A Lawsuit Target?

May 02
23:31 2018
    Vertullo: Is Your Company A Lawsuit Target?

There are no recorded incidents of fastener workers regarding the Prop 65 chemicals, but Carmen Vertullo advises Pacific-West Fastener Association members to develop a strategy, starting with a “compliance person.”

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