Half of almost 1,000 automotive industry decision makers surveyed in Europe, Asia, and the Americas believe battery electric vehicles are the No. 1 trend in their sector, up from the No. 3 spot in 2016 (and up from the No. 9 spot in 2015), according to KPMG’s Global Automotive Executive Survey 2017.
There will be five primarily distribution-oriented trade shows in the U.S. during 2019. Plus there is a re-branded machinery show.
The last time the U.S. imposed a global tariff on imported steel was in 2002 under President George W. Bush. The 30% tariff ended the following year after the WTO ruled the Section 201 remedy violated global trade practices. According to one independent study, the 2002 Bush steel tariffs cost 200,000 jobs because of higher steel prices.
The tariffs imposed by U.S. president Donald Trump dominated the front page of Fastener Industry News for 2018. But other articles included acquisitions, the FIN Fastener Stock Index, court battles, 50th anniversaries for two companies, new fastener leaders and key policy issues.
The first FIN Calendar was published in 1996 to provide one source for nearly all fastener industry organization meetings, trade shows, education and other events.
80-year-old Irish-American businessman Edward Crawford was nominated on October 22 by U.S. President Donald Trump. The White House formally sent the bid to the Senate on November 13. Crawford reportedly has family roots in Co Cork.
Media Spotlight: “We make fasteners and machines. We build machines that use our own rivets. The machine segment is about 20% of our business,” Mike Sweitzer told the Altoona Mirror.
Two-thirds would encourage people to pursue manufacturing careers. Half think of manufacturing as high-tech.
Modern system allows an extremely high productivity while maintaining high process quality. Furthermore, no building works are required for factory placement.
During FIN’s 40 years covering the fastener industry, tariffs have made frequent headlines.
When taking the first step into finding fastening solutions, your biggest consideration will be what type of material will be required for the application.
Every engineered system has a finite service life. Even the most precise designs and robust manufacturing techniques will eventually fail. Fasteners are no different. As any engineer will tell you, it’s when these failures are unexpected or premature that it’s a problem.
The first Fastener Industry News was published on July 10, 1979 by Dick Callahan. As FIN begins 40th year, CLICK THE HEADLINE for a look back.
“With so many significant fastener deals completed during 2017, it was not easy selecting the ‘Top Ten’,” Pinnacle Capital CEO Richard Hagan observed in the 20th annual edition of Hagan’s Top Ten Deals of the Year.
Nearly every public company with fastener holdings reported sales and profit gains in 2017, according to the End of 2017 FIN Review of Fastener Stocks.
In May, Boeing agreed to acquire aerospace fastener supplier KLX’s Aerospace Solutions Group, for $4.25 billion. Just a few years ago, that could easily have been Wesco Aircraft.
Author Witold Rybczynski was assigned to write an essay on the best tool of the Millennium. His research led to a book. And in the final chapter of the book Rybczynski names the “Father of the Screw.”
The story is available in the Fastener History section of GlobalFastenerNews.com. It is among hundreds of articles in Fastener History since FIN was first published in 1979. Click on the headline for the identity of the “Father of the Screw.”
Branding is how your brand makes people feel, Gail Friedberg told the Women in the Fastener Industry.
White House trade adviser Peter Navarro said every country granted an exemption from the tariffs will face an import quota and other restrictions. He also indicated that this extension is the last one Trump will grant.
Two decades ago, when BMW opened a plant in Greenville, SC, “the body shop was full of human welders soldering together the framing of the car. Today it’s a dimly lit place where large robotic arms… easily lift heavy car bodies of steel and aluminum like giant orange storks,” according to MIT Technology Review.