After two consecutive years of double-digit growth, the FIN Fastener Stock Index contracted in 2018, hampered by volatility that dominated the markets, making 2018 the worst year for stocks in a decade.
Global Fastener News
Main
News Briefs
May 23
12:41
2019
Trifast’s smallest region, the U.S., “continued to perform very strongly with year-on-year growth rates of over 30% - largely driven by market share gains at existing multinational tier 1 and OEM customers in automotive and electronics sectors,” Fastener + Fixing Magazine reports.
- Taiwan Fastener Export Volume Grows
- WINA Sponsors Fastener Training Institute
- Lean Manufacturing Helps Fastener Company
- Fastenal Fastener Sales Growth Slows
- Bossard Reports Challenging Conditions
- Fastener Sales Decline at Chicago Rivet
- OBITUARY: James Thomas “Jim” Pokracki
- Mid Continent Exempt From Wire Tariffs
Headlines
May 20
08:44
2019
U.S. President Donald Trump hiked 10% tariffs on $200 billion of fasteners and other select goods manufactured in China to 25% beginning Friday, May 10 at 12:01 am. The original 10% duty on Chinese fasteners was applied September 24, 2018, prompting the U.S. fastener industry to immediately raise prices.
Features
May 13
18:10
2019
“The fact that we’re the only business in Michigan that they’re recognizing this year is pretty exciting for us,” stated Suburban Bolt marketing director Nikki Gordon.
Product News
May 22
12:51
2019
“Both brands are synonymous with quality and endurance in the marketplace,” stated Earnest Machine CEO Kirk Zehnder.
Related News
May 18
14:45
2019
China’s factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth, Industrial Distribution reports.
