Global Fastener News

NEWS BRIEFS

October FDI Gains Momentum

November 08
21:33 2017
    October FDI Gains Momentum

“Qualitative commentary on market conditions was again mostly positive with respondents noting strong demand, generally favorable end-market conditions, and a healthy pricing environment.”

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MW Industries Expands in Aerospace

November 08
13:50 2017
    MW Industries Expands in Aerospace

MW Aerospace Solutions is a new brand linking four companies: Atlantic Spring, BellowsTech, Helical, and Servometer.

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Fastener Sales Decline at Chicago Rivet

November 06
17:59 2017

“The automotive sector is the primary market for our fastener segment products and the sales declines in the third quarter and year to date primarily relate to reduced sales to certain large automotive customers,” the company stated in its quarterly SEC filing.

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Fastenal’s Fastener Sales Stay Strong

November 06
13:09 2017
    Fastenal’s Fastener Sales Stay Strong

Fastenal sales in the U.S. increased 13%, while total sales in North America climbed 13.5% during October.

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PennEngineering Sues Pinconn for Infringement

November 02
11:17 2017

PennEngineering served the complaint on Pinconn at Pinconn’s trade show booth on October 18, 2017, during the International Fastener Expo.

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Calfee at IFE: Check Installation When Customer Claims ‘Bolt Failed’

November 01
22:21 2017
    Calfee at IFE: Check Installation When Customer Claims ‘Bolt Failed’

“A bolt can be like a piece of glass” when not properly installed, Calfee declared. That includes using the right washer, nut and bolt and using the right torque.

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MSC Reports ‘Significant’ Earnings Growth

November 01
17:21 2017

“Conditions steadily improved in the quarter as manufacturing continued to firm,” stated CEO Erik Gershwind.

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Investment Firm Buying Winzer Corp.

October 31
15:37 2017

Winzer has more than 80,000 products, 30,000 customers and 275 franchisees.

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Denslow Tells WIFI: First Impression Within 3 Seconds

October 29
21:53 2017
    Denslow Tells WIFI: First Impression Within 3 Seconds

The culture consultant advised Women in the Fastener Industry to avoid wearing a green hat in China, which is a symbol of a woman cheating on a partner. Avoid purple in India as it is associated with fear and a Hindu goddess.

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TriMas Aerospace Fastener Sales Rise

October 26
22:24 2017

Revenue gains driven by “continued improved production throughput and deliveries, and solid order demand.”

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Brighton-Best’s Gross Margin Grows

October 25
22:08 2017
    Brighton-Best’s Gross Margin Grows

Owned by Ta-Chen International, BBI is a master distributor and importer supplying 7,000 distributors through 31 locations in six countries.

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Earnest Machine Among Ohio 50+ Year Companies

October 25
22:02 2017

Earnest Machine was founded in 1948 by Paul Earnest Zehnder to sell fasteners to the heavy equipment industry that was building the infrastructure of post-WWII America.

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Bulten Reports Sales Growth, New Contracts

October 25
15:33 2017

In October, Bulten announced plans to invest SEK 45 million in a new heat treatment line in Hallstahammar. In addition, the company said it’s prepare to change CEO by 2019.

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Stanley Black & Decker Fastener Sales Up

October 25
13:33 2017

"Industrial organic growth of 8% reflects Engineered Fastening's continued expansion in the automotive and industrial markets," stated CEO James Loree.

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ITW Fastener Sales Grow

October 24
11:10 2017

Year-to-date revenue gains in Automotive OEM segment outpace growth in Construction Products.

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Arconic Taps Metallurgist as New CEO

October 23
12:54 2017
    Arconic Taps Metallurgist as New CEO

Blankenship is a 24-year veteran of General Electric who spent much of his career in its aviation and jet engine businesses, including running its commercial engine operations.

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Grainger Reports Modest Sales Growth

October 17
14:11 2017
    Grainger Reports Modest Sales Growth

“Our U.S. business had strong volume in the quarter driven by our strategic pricing initiatives and an improving demand environment,” stated CEO DG Macpherson.

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Bufab’s Montrose Names New Manager

October 16
10:58 2017
    Bufab’s Montrose Names New Manager

Acquired by Bufab in 2016, UK-based Montrose Holdings supplies fasteners and special components, as well as products for MRO for the electronics, aerospace and construction markets.

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Hudson Fasteners’ Kleinhändler and Young Receive U.S. Patent for Product Genius Tech Software

October 16
08:48 2017
    Hudson Fasteners’ Kleinhändler and Young Receive U.S. Patent for Product Genius Tech Software

Product Genius Technology was built in 2015 and beta tested on Kleinhandler’s 80-year-old family fastener business website.

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Women Up Attendance at BIAFD Meeting

October 12
15:24 2017

The keynote presentation was from Liesel von Metz, TGD Solutions, outlining the development of a modern fastener quality assurance system for the rolling stock MRO sector - a BIAFD project.

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