Global Fastener News

HEADLINES

U.S., EU Agree To Steel Quotas

November 09
23:49 2021
    U.S., EU Agree To Steel Quotas

The U.S. and European Union have agreed to end a dispute over U.S. steel and aluminum tariffs imposed in 2018, averting a spike in EU retaliatory tariffs, Reuters reports.

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Private Equity Firm Acquires EFC Int’l

November 09
22:43 2021

Founded in 1983 by the late Doug Adams, EFC is a global supplier of specialty engineered metal and plastic fasteners and other component parts to OEMs and distributors.

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Pac-West / SFA Panelists: Shortages Will Continue

November 09
21:37 2021
    Pac-West / SFA Panelists: Shortages Will Continue

“Relief will not be until 2023, at best,” panelist Danielle Riggs told the joint conference of the Southwestern Fastener Association and Pacific-West Fastener Association.

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Taiwan Fastener Exports to U.S. Jump 19.6%

November 09
20:35 2021
    Taiwan Fastener Exports to U.S. Jump 19.6%

Taiwan fastener exports to the U.S. rose 19.6% to 348,811 kg in the first half of 2021 despite strong headwinds from global shipping bottlenecks, Fastener World reports.

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Exhibitors Report Talking to Customers After Low Expectations for 2021 IFE

October 05
23:29 2021
    Exhibitors Report Talking to Customers After Low Expectations for 2021 IFE

Attendee traffic may have been thin, but fewer exhibitors helped the 40th International Fastener Expo in Las Vegas feel less empty.

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Rudolph Reaches 50 Years in Fastener Industry

October 05
22:47 2021
    Rudolph Reaches 50 Years in Fastener Industry

Twice a manufacturer's rep, Rick Rudolph has been a manufacturer and distributor too.

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NFDA Panel: How to Recruit in a Tough Labor Market

October 05
21:29 2021
    NFDA Panel: How to Recruit in a Tough Labor Market

O’Keefe, Hearn, Boyd & Rittner offer HR tips to the National Fastener Distributors Association.

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FDI Hampered By Supply Chain & Labor Issues

October 05
20:20 2021

Declining Fastener Distributor Index in August reflects “lower employment levels and a softer seasonally adjusted sales index,” according to R.W. Baird analyst David Manthey. 

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Most Autumn Fastener Trade Shows Going On; Fastener Fair Stuttgart Postponed

August 11
23:32 2021
    Most Autumn Fastener Trade Shows Going On; Fastener Fair Stuttgart Postponed

The Covid-19 pandemic has been postponing or canceling fastener events since March 2020, but multiple trade shows remain on the docket for late 2021.

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Lumm, Liter Lead IFI For 21-22

August 11
20:29 2021

Fastener manufacturers’ organization marks 90th anniversary in 2021.

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Fewer Fasteners In GM EVs Than Gas-Powered Cars

August 11
19:39 2021
    Fewer Fasteners In GM EVs Than Gas-Powered Cars

An average General Motors electric vehicle has about 6.16% fewer fasteners than the traditional internal combustion engine car.

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FINdex Growth Slows Amid Supply Disruptions

July 20
23:28 2021
    FINdex Growth Slows Amid Supply Disruptions

Continued supply chain disruptions and spiking demand muted the FIN Fastener Stock Index in the second quarter of 2021 even as the U.S. economy made strides to fully reopen. 

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Optimas Solutions Increases Onshoring Capacity

July 20
22:31 2021
    Optimas Solutions Increases Onshoring Capacity

The Chun Zu and Formax cold headers will increase production by more than 3 million additional complex parts per month, allow Optimas to further focus on industries that require large diameter complex parts.

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Sheh Fung Screws To Hike Prices Again

July 20
22:11 2021

Taiwan-based Sheh Fung Screws announced that its first wave of price increases resulting from higher wire rod prices quoted by upstream suppliers has begun to pay off, Fastener World reports.

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Vertex Owner Acquired By OmniCable

June 20
20:30 2021

The combined company will continue to operate Vertex, Houston WIre's fastener redistribution business.

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Brighton-Best Unveils Its New Vending Program

May 25
23:04 2021
    Brighton-Best Unveils Its New Vending Program

“Delivers the power of automated distribution by reducing supply cost, controlled product usage and state of the art technology,” the company stated.

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MacLean-Fogg Buys Metal 3D Printing Supplier

May 25
22:41 2021

MacLean Formetrix will be based in the Detroit suburb of Macomb Township.

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Combs: Employers Can Require Vaccines

May 25
22:30 2021

Employers can have a “voluntary” vaccine policy leaving the decision to employees, or employers can institute a “deferred” policy allowing employees to wait until the vaccines have “permanent” approval. But employers also can issue a “mandatory” vaccine policy for all employees.

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FDI Cools Off in April After Frenetic Pace

May 25
20:56 2021
    FDI Cools Off in April After Frenetic Pace

While falling from March’s 66 pace, the FDI indicates continued growth in fastener markets, according to R.W. Baird analyst David Manthey.

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MW Industries Creates MW Components

May 25
20:01 2021

MW Components, which includes Century Spring, Accurate Screw Machine and Servometer, will be led by industry veteran Chris Fillmore.

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