Global Fastener News

HEADLINES

FINdex Declines in Volatile Quarter of Trading

October 25
23:54 2022
    FINdex Declines in Volatile Quarter of Trading

The FIN Fastener Stock Index declined 3.5% in the third quarter of 2022, besting a 5.8% drop by an index of related industrial stocks during a quarter when the market plunged on recession fears.

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Optimas Solutions Promotes Two Execs to Co-CEOs

October 25
23:31 2022
    Optimas Solutions Promotes Two Execs to Co-CEOs

Tuffy started in fasteners at age 16 in the warehouse packing nuts and bolts; Harms’ experience is with supply chains.

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IFE Keynote: Second Shifts Are Family Killers

October 25
22:42 2022
    IFE Keynote: Second Shifts Are Family Killers

The first keynote speaker at an International Fastener Expo cited eliminating second shift as an example of the people-focused future of distributors.

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FDI Respondents Expect ’23 Recession

October 25
20:43 2022
    FDI Respondents Expect ’23 Recession

Just 9% of respondents anticipate activity levels will be higher six months from now. Conversely, 43% expect lower activity levels after two years of double-digit gains.

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Report: Industrial Fasteners at 4% CAGR Through 2030

September 27
22:34 2022
    Report: Industrial Fasteners at 4% CAGR Through 2030

The externally threaded fasteners segment has the highest share, with a revenue of $42.9 billion in 2021 and expected to reach $63.7 billion by 2030 at a CAGR of 5%.

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Pease at MWFA: Order Accuracy Is Essential

September 27
21:47 2022
    Pease at MWFA: Order Accuracy Is Essential

Ask questions and then “ask a few extra questions of your customer,” Rich Pease of RK Precision Products advised a Mid-West Fastener Association conference session.

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Chester at Pac-West: Let Employees Talk

September 27
20:54 2022

Ask people consistently “What do you like about working here?” and “What don’t you like?” Eric Chester told the Pacific-West Fastener Association. “Give them a chance to talk.”

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FDI Rebounds in August as Sales Rise

September 27
18:56 2022

The seasonally adjusted Forward Looking Index “suggests the recovery may be short lived, with the index coming in at just 47.4 as employment softened, customer inventories crept up and the six-month outlook was less positive.

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Ta Chen Ranked Largest Taiwan Fastener Company

August 29
23:17 2022
    Ta Chen Ranked Largest Taiwan Fastener Company

As geopolitical tensions rise between the U.S. and China over the fate of Taiwan, GlobalFastenerNews.com examines a list of top fastener companies on the island.

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NFDA: Retirements Loom Over Fastener Industry

August 29
22:08 2022
    NFDA: Retirements Loom Over Fastener Industry

“No one wants to get their hands dirty. No one wants to work in a warehouse 80 hours a week.”

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FAA Clears Boeing to Resume 787 Deliveries

August 29
21:26 2022
    FAA Clears Boeing to Resume 787 Deliveries

Fasteners played a prominent role in the development of the composite Dreamliner as supply disruptions and improper installation plagued its test aircraft fleet.

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450 Exhibitors Expected at 2022 IFE in October

August 29
20:14 2022
    450 Exhibitors Expected at 2022 IFE in October

Exhibits up from 2021 for the October 17-19, 2022, trade show at Mandalay Bay in Las Vegas, but not yet back to pre-Covid levels.

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FINdex Drops in Q2 Amid Market Uncertainty

July 26
23:11 2022
    FINdex Drops in Q2 Amid Market Uncertainty

The FIN Fastener Stock Index declined 13.4% in the second quarter of 2022, besting a 14.1% drop by an index of related industrial stocks during a quarter of market volatility and ongoing supply disruptions.

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NFDA Panelists: Supply Chain Faces ‘Bumps’

July 26
22:29 2022
    NFDA Panelists: Supply Chain Faces ‘Bumps’

Shipping has improved but Star Stainless Screw president Tim Roberto said “ports can’t handle” the shipping as is and “any little bump down the road” creates larger problems.

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June FDI Grows at “Measured Pace”

July 26
21:39 2022
    June FDI Grows at “Measured Pace”

“Demand remains strong for now but softening ahead seems to be the consensus,” according to R.W. Baird analyst David Manthey.

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Economist Tells NFDA: “Don’t See Recession”

July 26
20:12 2022
    Economist Tells NFDA: “Don’t See Recession”

“We at ITR Economics don’t see a recession coming,” economist Lauren Saidel-Baker told the National Fastener Distributors Association. There may be a “soft landing” from today’s strong economy, but not a recession.

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White House Weighs Tariff Rollback on Chinese Goods

June 21
23:13 2022
    White House Weighs Tariff Rollback on Chinese Goods

Facing the highest price hikes in 40 years, President Joe Biden is deciding whether to roll back some of the tariffs imposed on Chinese goods, including fasteners, in 2018, according to senior administration officials. 

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Vogelsang Marking 50th Anniversary in U.S.

June 21
22:55 2022
    Vogelsang Marking 50th Anniversary in U.S.

The Vogelsang name entered the North American fastener industry in 1972 distributing Rollpins made in Europe by Joerg Vogelsang.

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Adam Derry Named Field Fastener President

June 21
22:01 2022
    Adam Derry Named Field Fastener President

Three Derrys have been president of the National Fastener Distributors Association since Jim Derry and Bill Derry acquired Field Fastener in 1990 from Dick Field.

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Endries Acquires Store Room Fasteners

June 21
21:57 2022

Founded in 1984, Store Room provides VMI, sub-assemblies and kitting and has been ISO 9001 accredited for 14 years.

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