Sherex points out that “it’s not just the way the vehicle runs that’s the difference” and “Sherex understands the differences and nuances between EVs and combustion engine vehicles.”
In 1921, Edward W. Daniel opened a manufacturing and distribution center in Cleveland to serve the Great Lakes marine Industry.
“2022 is going to mirror 2021 from a supply point of view,” Michael Selman, sales rep for Beta Steel, Beneke Wire and Monarch Metals, told the National Fastener Distributors Association.
The pandemic “exposed us to a lot of new product categories and items to sell, giving our members new ways to sustain their business through these troubled times,” stated Specialty Tools & Fasteners Distributors Association president Brian Gersten.
“Zoom, teams, FaceTime and videos all became new must-haves for communication and “became the preferred methods to communicate,” Aerosmith Fastenings Systems president Dan Kudlak declared to the Specialty Tools & Fasteners Distributors Association.
Expect 6% growth in the final quarter of 2021, with unemployment below 5%, Dr. Christopher Thornberg of Beacon Economics LLC predicted. And the economy will be hot for the next few years.
Items phased out the industrial hardware supply chain included seven federal supply classes under Federal Stock Group 53: Hardware and Abrasives. This category contains screws, bolts, studs, nuts, washers, nails, machine keys, pins, rivets and fastening devices.
Vertex has a deep legacy in the fastener industry, with the company tracing its roots back to the 1880s.
While lead times rose in 2020 before the Covid-19 pandemic, Hydrian Inventory Optimization CEO Josh Bartel termed today’s high demand and longer lead times as a “Covid double whammy.”
Nucor Fastener acquired “an existing state-of-the-art coil processing facility” in Indiana that includes an automated clean and coat line, two STC furnaces and wire drawing capabilities, as well as bolt making equipment.
Founded in 1968, the NFDA “wanted a more modern look and feel to our logo, as our mission has evolved over time… Our rebrand keeps the historical roots of NFDA and offers connections with the next generation.”
The September 21-23 International Fastener Expo will have about one-third of the total booths compared with the last pre-pandemic trade show in 2019.
Attacks have nearly doubled in 2021 from the previous years. Malicious emails – the most common tactic – have increased 600% since the pandemic began, while the average ransom fee demand has jumped from $5,000 in 2018 to $200,000 in 2021.
MWFA president George Hunt of Brighton-Best International and 2021 MWFA Hall of Fame inductee Nancy Rich, who has been the CBNSA / MWFA executive since 1984.
Taiwan exports 1.36 million tons of fasteners each year at a value of US$3.99 billion. The U.S. imports 609,000 tons of Taiwan fasteners each year at a value of $1.69 billion.
The U.S. was the main market for Taiwanese bolts and nuts, with US$1.23 billion in shipments, or 42% of total exports, according to the Taipei Times.
The largest Fastener Fair will next be held in 2023.
Changing over the company’s vehicle fleet to alternative fuel sources is just one of the measures Adolf Würth GmbH & Co. KG is taking to achieve its goal to be carbon-neutral at all German company sites by 2024.
The Taiwan International Fastener Show has been cancelled for 2021 due to Covid-19, but MWFA, IFE, STAFDA and Fastener Fair still have 2021 dates.
Introduction of strict regulations like EU’s Carbon Emission Reduction Targets and CAFÉ Standards are compelling automakers to incorporate lightweight materials for enhancing fuel efficiency.