Global Fastener News

HEADLINES

Trade Truce With China Defers Fastener Tariff Hikes

October 28
15:07 2019
    Trade Truce With China Defers Fastener Tariff Hikes

The duties, originally set to increase October 1 to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China, had been delayed two weeks “as a gesture of goodwill.”

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Immigrant Vitus Boker’s Company Turns 100

October 28
08:51 2019
    Immigrant Vitus Boker’s Company Turns 100

Vitus’ tooling knowledge led to manufacturing prototypes and custom parts for automated machinery, eventually developing into short-run stampings.

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TIFI: Taiwan Fastener Industry In ‘Decline’

October 28
07:13 2019
    TIFI: Taiwan Fastener Industry In ‘Decline’

The industry “may not (see) good conditions” until the second quarter of 2020, according to Taiwan Industrial Fasteners Institute (TIFI) chairman Tu-Chin Tsai. He noted that Taiwan fastener manufacturers have superior technology, quality and lead times, but can’t compete on price with low-wage countries such as Vietnam and Malaysia.

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Stanley, Palmquist To Lead Pac-West

October 28
05:07 2019
    Stanley, Palmquist To Lead Pac-West

Stanley served as Pac-West VP in 2018-19 and was the 1997-99 president of the Western Association of Fastener Distributors – the predecessor to Pac-West.

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NFDA Honors Queenin

October 28
04:59 2019
    NFDA Honors Queenin

In 1982 Queenin began his fastener career at Specialty Bolt & Screw. He and his sons, Jay and Jon, eventually purchased SBS. Today Massachusetts-based SBS has three distribution centers in the U.S. and three in Mexico, along with facilities in Canada, Finland and Taiwan.

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Nov. 10 Deadline for Discount Registration for December Fastener Training Week

October 28
04:48 2019

The program includes five classroom and plant tour days. Topics include manufacturing processes consensus standards and quality control.

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FDI Unchanged In September

October 28
04:02 2019
    FDI Unchanged In September

“Better sales trends were offset by a weaker employment reading,” according to R.W. Baird analyst David Manthey.

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Japan Fastener Exports To China Decline

October 28
03:20 2019

“Japan's steel fastener export to China decreased significantly under the U.S. -China trade conflict, while there was no sign of stagnation in the export to the U.S.,” Fastener World reports.

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IFE Touts ‘Increase in Qualified Buyers Per Exhibitor’

October 28
03:03 2019
    IFE Touts ‘Increase in Qualified Buyers Per Exhibitor’

Registration number for the International Fastener Expo remains at “5,000” for the trade show in Las Vegas.

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Fastener Buyers: ‘Digital Natives’ Moving Up

October 28
02:25 2019
    Fastener Buyers: ‘Digital Natives’ Moving Up

“Manufacturers of the future will be looking for distributors with digital buying,” Kleinhandler told a 2019 International Fastener Expo conference. After all, a growing percentage of B2B buyers are “digital natives” – or they grew up on cell phones, laptops and other digital devices.

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Vertullo: Aerospace Fasteners Look Different

October 28
01:39 2019
    Vertullo: Aerospace Fasteners Look Different

“They may have gold and are priced like gold,” he told an International Fastener Expo conference.

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SHORTTAKES: Bolton Corp., Earnest Machine, G.L. Huyett, Packer Fastener, Sherex Fastening Solutions, Ship & Shore, and Winsupply

October 28
01:28 2019

Weld nuts manufacturer Boltun Corp. plans to establish plants in Rende and Yongkang districts of Tainan, Taiwan, Fastener World reports. The total investment is around NTD 1 billion (US$32.7 million)....

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OBITUARY: Joe Greenslade

October 28
00:27 2019
    OBITUARY: Joe Greenslade

Highly respected in the fastener industry, Greenslade began his 45-year fastener career in 1970 working for various fastener manufacturers before founding dimensional measuring devices manufacturer Greenslade and Co. in 1978. He sold the company in 2007 and began working as technical director for the Industrial Fasteners Institute, a position he called his “dream job.” 

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OBITUARY: Gordon Vandermeulen

October 28
00:07 2019
    OBITUARY: Gordon Vandermeulen

Vandermeulen and his wife Elaine acquired Grand Rapids Bolt & Nut in 1976 and retired at the end of 2016.

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40-Year Fastener Veteran Sleeping Outside for Homeless Youth

October 28
00:01 2019

Kanebridge executive volunteering for Covenant House – which has assisted 4,000 youths into ‘stable housing’ and 1,600 into getting jobs.

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U.S. Tariffs On Chinese Fasteners Delayed 2 Weeks

October 01
09:34 2019
    U.S. Tariffs On Chinese Fasteners Delayed 2 Weeks

U.S. President Donald Trump agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 “as a gesture of good will,” Reuters reports. The tariffs were set to increase to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China.

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U.S. Trims Tariffs On Japanese Fasteners

October 01
08:19 2019

The U.S. and Japan have reached a partial trade agreement for certain agricultural and industrial goods, including fasteners manufactured in Japan, according to the Office of the U.S. Trade Representative.

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Wortman at IFE: Will ‘Take A While’ For Tariffs To End

October 01
07:20 2019
    Wortman at IFE: Will ‘Take A While’ For Tariffs To End

Importers turning to “tariff engineering” to lower costs. “Everybody is looking for everything,” the attorney told the 2019 International Fastener Expo conference.

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Agrati Completes $4m Upgrade in Ohio

October 01
06:57 2019
    Agrati Completes $4m Upgrade in Ohio

Agrati worked with National Machinery to purchase a new Formax cold former this year to expand capacity; it also purchased custom assembly machinery from Arnold Machine Inc. in Tiffin, OH.

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FINdex Growth Slows In Q3

October 01
05:16 2019
    FINdex Growth Slows In Q3

In the first nine months of 2019, the FINdex gained 19.8%, lower than the 23.2% increase by an index of related industrial stocks.

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