Global Fastener News

NEWS BRIEFS

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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ST Fastening Acquisition Boosts Hillman Performance

May 02
09:26 2018

“We had a strong start to fiscal year 2018 with top line growth of 10.0% as we benefited from the acquisition of ST Fastening Systems in late 2017,” commented CEO Greg Gluchowski.

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Fastener Segment Sales Rise at Arconic

April 30
14:03 2018

“Volume growth in aerospace engines, defense and industrial more than offset the continued downturn in the industrial gas turbine market and headwinds in aerospace airframe production mix, related to fastening systems.”

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Report: Boeing To Acquire KLX

April 27
14:02 2018
    Report: Boeing To Acquire KLX

Boeing reportedly has competed against at least one private-equity firm to secure a deal with KLX - the former B/E Aerospace fastener division, the Wall Street Journal reports.

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TriMas Fastener Sales Edge Up

April 27
09:19 2018

“During the quarter, we captured increased end market demand through our refocused commercial efforts,” stated CEO Thomas Amato.

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Misch Succeeds Doran at Timberline

April 26
21:03 2018
    Misch Succeeds Doran at Timberline

Doran tells Timberline history from A&I Bolt founding in 1923 through Würth acquisition in 2014.

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ITW Sees Growth in Fastener Segments

April 26
17:12 2018
    ITW Sees Growth in Fastener Segments

“Despite lower than expected auto builds impacting our Automotive OEM segment, we delivered three percent organic revenue growth,” stated CEO Scott Santi.

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Report: Centennial Bolt Expanding

April 25
13:06 2018
    Report: Centennial Bolt Expanding

Company plans “to build a new plant in the Midwest, add new product lines, increase the size of its workforce and give out more bonuses,” according to the National Association of Manufacturers.

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Shannon Precision Fasteners Receives GM Award

April 25
08:21 2018

“The automotive industry is transforming at an incredible rate,” stated General Motors senior VP Steve Kiefer.

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Grainger Sees Volume Gains

April 23
14:00 2018

Sales, including fasteners, increased 9% to $2.8 billion in the first quarter of 2018, driven by an 8 percentage point increase from volume.

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Fastener Sales Flat at Stanley Black & Decker

April 20
12:31 2018
    Fastener Sales Flat at Stanley Black & Decker

“Automotive fastener penetration gains were offset by the anticipated impact from lower automotive system shipments and lower volumes within electronics.”

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Birmingham Fastener Wins Award

April 19
11:06 2018
    Birmingham Fastener Wins Award

Fastener supplier recognized as manufacturer of the year for the state of Alabama.

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Chin Well Increasing Fastener Production in Vietnam

April 19
05:34 2018
    Chin Well Increasing Fastener Production in Vietnam

Malaysia-based fastener manufacturer cites Vietnam's cheap labor and training costs.

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Innovative Components Certifies Puerto Rico Plant

April 19
05:00 2018
    Innovative Components Certifies Puerto Rico Plant

Componentes Innovadores, Innovative Components Inc.'s fully owned Costa Rican factory, has achieved certification of the new ISO 9001:2015 standard.

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Roberto, Simpson Head FTI

April 18
10:51 2018

Outgoing board member Jennifer Sturm was on inaugural Fastener Training Institute board.

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Earnest Machine Adds Equipment in Ohio

April 17
14:32 2018

Manufacturing manager Al Shannon said the new equipment “opens up additional opportunities, enabling us to bring more drilling services in-house and allows us to take on higher volume runs of up to one million pieces.”

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Bossard Reports ‘Gratifying’ U.S. Growth

April 12
15:17 2018
    Bossard Reports ‘Gratifying’ U.S. Growth

“Business with the largest US electric vehicle manufacturer (Tesla) was less dynamic in the first quarter,” Bossard stated. “In spite of higher production volumes, sales remained at the previous year’s level, mainly due to a change in product mix.”

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Fastenal Fastener Sales Near 12% Growth

April 11
21:08 2018
    Fastenal Fastener Sales Near 12% Growth

Overall net sales increased 13.2% to $1.18 billion in the first quarter of 2018, driven by higher unit sales.

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FDI Stalls For Second Straight Month

April 10
13:00 2018
    FDI Stalls For Second Straight Month

Commentary on market conditions was mixed, with some respondents commenting on the current strong demand environment and others expressing concerns around the recently announced steel tariffs.

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Beveridge at NFDA: Competitors Afraid to Change

April 07
14:57 2018
    Beveridge at NFDA: Competitors Afraid to Change

Employees who consider themselves “entitled” don’t innovate, Beveridge tells the National Fastener Distributors Association. Entitled employees feel they are owed vs. they need to earn, they are static rather than growing and seek to preserve vs. transform.

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