Global Fastener News

HEADLINES

‘Impressive’ Industrial Fastener Growth Through ’25

October 19
10:30 2020
    ‘Impressive’ Industrial Fastener Growth Through ’25

Demand for industrial fastening solutions is driven by “tremendous manufacturing and construction growth” in countries such as India and China, supported by “favorable demographics, large indigenous consumption, and a supportive regulatory and investment environment.”

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FINdex Growth Slows in Q3

October 19
06:04 2020

The FIN Fastener Stock Index continued its 2020 roller coaster ride in the third quarter, gaining a modest 13.2% after rising 26.7% in the second quarter and falling 30.3% in the first quarter. 

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Matten: Synchronicity & Chemistry Built Fastener Fair

October 19
04:00 2020
    Matten: Synchronicity & Chemistry Built Fastener Fair

“There are two powerful things in business that really cannot be engineered: Synchronicity and chemistry,” Phil Matten reflected on his fastener career as he retires as editor of Fastener + Fixing Magazine.

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Strandquist Named Optimas Solutions CEO

October 19
03:58 2020

Strandquist started in the fastener industry in 1986 with Rockford Products. He had been with Würth from 2001 to 2019, where he served as executive VP of the Würth Group and CEO of Würth Industry North America. He joined Optimas as President of the Americas in January 2020.

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White Advises Pac-West: Train Employees on Cybersecurity

October 19
02:55 2020

The increasing number of employees working from home due to the pandemic has heightened a problem for Pacific-West Fastener Association members, a cybersecurity consultant said in a webinar.

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Avantus Buys 2 Fastener Cos.

October 19
01:49 2020

Avantus Aerospace acquired two fastener companies in recent weeks: California Screw Products (CalScrew) and Fastener Innovation Technology Corporation (FIT).

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SHORTTAKES: BBI/Proferred, EFG, Simpson Mfg. and Winsupply

October 19
00:39 2020

BBI/Proferred appointed Scott Gibson to Proferred global sales and product director. “Scott will direct Proferred’s sales efforts with our building and drywall customers,” BBI stated. BBI/Proferred also named Larry Unger...

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U.S. Fastener Tariffs Ruled Illegal

September 22
18:15 2020
    U.S. Fastener Tariffs Ruled Illegal

WTO rules against U.S. tariffs on fasteners imported from China. The tariffs include bolts, screws and other fasteners (HTS subheadings 7318.11.00 to 7318.29.00) and all Chinese iron and steel nuts.

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Pac-West Panelists on USMCA Replacing NAFTA

September 22
09:48 2020
    Pac-West Panelists on USMCA Replacing NAFTA

One of the most significant impacts on fastener distributors involves a delayed clause in the act, according to a Pac-West panel.

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Lower Fastener Sales Drive FDI Down

September 22
06:03 2020
    Lower Fastener Sales Drive FDI Down

“After two consecutive months of fairly sharp improvements in the FDI, naturally the rate of improvement stalled some in August,” R.W. Baird analyst David Manthey wrote.

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Canada Renews Tariffs on Asian Screws

September 22
04:16 2020

Duties continue on certain carbon steel screws from China and Taiwan “used to mechanically join two or more elements,” Fastener World reports.

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Lawson Products Acquires Partsmaster

September 22
02:51 2020

Partsmaster offerings include Dyna Systems domestic premium bolts, general Grade 8 and Grade 5 bolts, and stainless steel and metric fasteners. 

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Orbitform Acquires C&B Machinery

September 22
02:27 2020
    Orbitform Acquires C&B Machinery

Brighton, MI-based C & B Machinery will operate as a separate entity with its own staff and facility.

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AFC Acquires Master Distribution

September 22
02:04 2020

Brunswick, OH-based Master Distribution supplies channel and pipe fittings as well as related fasteners and accessories such as nuts, clamps, screws, washers, bolts, brackets and post bases. 

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MW Industries Combining With Life Sciences Biz

September 22
01:56 2020

MW Industries parent company American Securities LLC is acquiring NN Inc.’s Life Sciences division and combining it with the Rosemont, IL-based fastener manufacturer. 

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Fastener Sales Increase At Fastenal

September 22
01:21 2020

The decline in fastener sales that began in March due to the pandemic slowed in July, with sales down only 7.5% compared to an 11.4% decrease the previous month.

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Taiwan Fastener Companies Seek Tailored Steel Pricing To Remain Competitive

September 22
00:35 2020

Taiwan's China Steel Corp (CSC) hiked fourth-quarter steel prices by NTD 500-1,000 per ton for each type of steel, up an average of 3.36% - the largest single-quarter increase over the last two and a half years, Fastener World reports. 

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SHORTTAKES: Bolts & Nuts Corp., Brighton-Best, Bulten, Cold Forging Solutions, Earnest Machine Products, Mid-West Fastener Association, Screwfix and Würth Industry Canada

September 22
00:08 2020

Bolts & Nuts Corp. changed its named and rebranded as Stock’d Supply following several recent acquisitions, investment in technology, and an expanded products and services offering. “We want our customers...

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ARaymond Closing Ohio Plant

August 24
23:40 2020
    ARaymond Closing Ohio Plant

Metal work done at the Brunswick plant, which employs 53 people, will be transferred to facilities in Logansport, IN, and Hamilton, Ontario, while the plant’s plastic operations will be transferred to a company facility in Rochester Hills, MI.

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REPORT: PCC Cuts 10,000 Jobs

August 24
23:27 2020

Aerospace fastener and components supplier Precision Castparts Corp. cut one third of its global workforce in the first half of 2020 “as orders for its aerospace components evaporated,” the Oregonian reports.

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