Global Fastener News

HEADLINES

Sachs: ‘Perfect Storm’ Creates Container Shortage

February 02
23:56 2021
    Sachs: ‘Perfect Storm’ Creates Container Shortage

“The cost of the containers have increased dramatically over the past 12 months,” Bob Sachs of XL Screw said.  The shortage is due to a “perfect storm” created by a list of reasons for container shortage.

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Fastener Fair Stuttgart 2021 Postponed

February 02
23:25 2021

The 9th International Exhibition for the Fastener and Fixing Industry has been postponed from May to November 9-11, 2021, in Stuttgart, Germany. “This decision was taken in light of the...

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Hariton Machinery Celebrates 50 Years

February 02
23:09 2021

The Connecticut-based fastener machinery supplier was “internationally focused,” while competitors limited themselves to the North American market, founder Mark Hariton commented.

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BAIFD: Container Shortage Causing Price Hikes

February 02
22:11 2021

Last December, the British & Irish Association of Fastener Distributors warned that a shipping container shortage at major global export ports was limiting fastener availability in the UK and Ireland,...

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FDI Sees Strong Finish To 2020

February 02
22:10 2021
    FDI Sees Strong Finish To 2020

The Fastener Distributor Index improved to 62.6 in December from 54.5 the previous month, primarily driven by a strong expansion in the sales index.

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Biodegradable Fasteners Reducing Waste

February 02
21:26 2021
    Biodegradable Fasteners Reducing Waste

ARaymond Agriculture is working to reduce plastic waste by producing a range of eco-friendly clipping and fastening solutions for the greenhouse and agricultural industries.

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Cetin Civata and Tata International Partner

February 02
20:50 2021

In this partnership, Schaumburg, IL-based Tata International Metal Americas provides fastener sales and marketing for the Americas.

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IFE Honors O’Keeffe, Wachman & Solt

February 02
18:56 2021

The International Fastener Expo named Tim O’Keeffe of G.L. Huyett and John Wachman of Desert Distribution as the 2020 inductees into the IFE Hall of Fame, while Jessi Solt was named the 2020 Young Fastener Professional.

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SHORTTAKES: FTI, Grainger, Optimas Solutions, PROFIL and TR VIC

February 02
10:43 2021

Greg Rawlings, president of Nylok LLC, was named to the Fastener Training Institute board. Rawlings has held sales, engineering and management positions over 12 years with the MarmonHoldings company, which...

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FINdex: Fastenal Sees Highest Share Growth in 2020

January 07
22:09 2021
    FINdex: Fastenal Sees Highest Share Growth in 2020

The FINdex increased 10% during the year, lower than the 12.8% rise in stock value by an index of related industrial stocks. Fastenal achieved the highest stock gain, rising 32.1% during the year.

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Cohn Sells Duncan Bolt to ESOP

January 07
20:13 2021
    Cohn Sells Duncan Bolt to ESOP

Andy Cohn, a reluctant fastener “kid” who stayed 46 years in the industry, announced the sale of Duncan Bolt to an Employee Stock Ownership Plan.

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Container Shortage Impacting Fastener Supply Chain

January 07
18:49 2021
    Container Shortage Impacting Fastener Supply Chain

BIAFD importer members say they now have major backlogs at factories, which cannot be shipped to the UK and Ireland due to the lack of containers.

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EU Eyes Probe on Chinese Fasteners

January 07
12:59 2021

“The complaint has provided evidence that imports of the product under investigation from the country concerned have increased overall in absolute terms and in terms of market share,” Fastener + Fixing Magazine reports.

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Cohn Sells Duncan Bolt to ESOP

January 07
11:23 2021

Duncan told GlobalFastenerNews.com that the biggest change in the fastener industry during his career was the sourcing of imported fasteners from Japan to Taiwan to China. He watched as the world moved away from domestic fasteners.

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‘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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