Global Fastener News

NEWS BRIEFS

NFDA Seeks Nominations For Professional Award

April 04
09:57 2018

The National Fastener Distributors Association initiated the award in 2017 with Robbie Gilchrist of Capital Marketing as the first honoree.

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MacLean-Fogg Receives Toyota Supplier Award

April 03
10:19 2018

Metform received the award during Toyota’s 22nd annual supplier business meeting of 850 suppliers in March 2018 in Detroit.

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Lindstrom Announces Four Promotions

April 02
10:39 2018

Longen, English, Newman and Hrdlicka take new positions at the master distributor.

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Budd Retires From Trifast Board

April 01
23:54 2018

After 42 years with the company, Budd will remain on the operational team at TR Fastenings to use his 42-years of fastener industry knowledge “to pass down to the next generation of leaders within the business."

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SEFA Conference Topic: Supply Chain Management

March 29
17:55 2018

Campbell, Haggerty, Sulek and Veech are panelists at Southeastern conference will be April 24-26, 2018, in Alabama.

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Bolt Corrosion Prompts Tesla Recall of 123,000 Sedans

March 29
17:46 2018
    Bolt Corrosion Prompts Tesla Recall of 123,000 Sedans

Car manufacturer said certain corroding bolts in cold weather climates could lead to power-steering failure.

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Nedschroef Unveils Expanded HQ

March 29
12:28 2018
    Nedschroef Unveils Expanded HQ

In addition to a 28-meter wire sculpture, the building includes a central area surrounded by open work spaces and meeting rooms.

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Reilly Advises NFDA: Change Conversation From Price to Cost

March 29
09:06 2018
    Reilly Advises NFDA: Change Conversation From Price to Cost

Put yourself in the position of your customer,” Reilly advised. “Define value in customers’ terms.” He finds product is the most important at 57%; the company selling is 18%; and the individual salesperson 25%.

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Sundram Names New Managing Director

March 28
18:36 2018

Founded in 1966, Sundram Fasteners provides fasteners and other components for the automotive, infrastructure, windmill and aviation sectors.

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Taiwan’s China Steel Hikes Q2 Prices

March 27
03:40 2018

The increase marks the third consecutive quarterly price hike by CSC.

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Business Author Gordon To Give STAFDA Keynote

March 26
17:27 2018

Sisto of G-Strut will give the Associate’s speech and St. John of IBS Inc. will give STAFDA president’s annual State of Distribution address at 42nd annual convention.

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Bodycote Opens S3P Facility

March 26
16:10 2018
    Bodycote Opens S3P Facility

The new facility, which will be accredited for both ISO9001 and AS9100, will support the manufacturing supply chains in the Southeast region of the U.S.

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Agrisolutions Acquires Trinity Logistics

March 26
10:12 2018

Founded in 2003, Davenport, IA-based Trinity provides supply-chain solutions relating to fasteners and other components.

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U.S. Lifts Tariffs For Allies

March 22
17:54 2018
    U.S. Lifts Tariffs For Allies

Speaking before the Senate Finance Committee, U.S. trade representative Robert Lighthizer said the EU, along with Argentina, Australia, Brazil and South Korea, would be exempted from the 25% tariff on steel and 10% on aluminum. Canada and Mexico have already been excluded.

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Arconic Plans $45m Upgrade

March 22
01:05 2018
    Arconic Plans $45m Upgrade

Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, has pledged to fill 35% of any vacancies with military veterans and the economically disadvantaged during its five-year agreement with the state.

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SFA Features Panelists On “Past, Present & Future”

March 21
14:31 2018

May 2-4, 2018, Southwestern Fastener Association spring conference includes moderator Baron Yarborough and panelists Tricia Dyer, Jake Davis and John Longyear. Expo follows on May 4.

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Commerce Lists Tariff Exclusion Process

March 19
16:01 2018

U.S. companies seeking to avoid paying tariffs on steel and aluminum may have to wait as long as 90 days before an exclusion is granted.

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EU Lists Potential Retaliatory Tariffs on U.S. Fasteners

March 19
12:40 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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Bolt House Adds To Lawson Products Earnings

March 15
08:03 2018

“(The Bolt House) acquisition, being our largest to date, was an important step in pursuing our growth strategy of acquiring companies that significantly add to our revenue and leverage our infrastructure to drive earnings.”

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Monogram Aerospace Fasteners Wins Airbus Award

March 15
06:20 2018

Monogram, which was selected out of approximately 650 suppliers, completed all program deliverables and improved on-time delivery.

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