Global Fastener News

HEADLINES

Trump Hikes Fastener Tariffs

May 20
08:44 2019
    Trump Hikes Fastener Tariffs

U.S. President Donald Trump hiked 10% tariffs on $200 billion of fasteners and other select goods manufactured in China to 25% beginning Friday, May 10 at 12:01 am. The original 10% duty on Chinese fasteners was applied September 24, 2018, prompting the U.S. fastener industry to immediately raise prices.

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U.S. To Lift 232 Metal Tariffs For Canada And Mexico

May 20
05:14 2019
    U.S. To Lift 232 Metal Tariffs For Canada And Mexico

The move will lift the 25% steel and 10% aluminum tariffs the U.S. placed on its North American neighbors almost a year ago. The tariffs are slated to end within 48 hours.

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G.L. Huyett Opens Tech Center Where Cabela’s Left

May 20
03:17 2019
    G.L. Huyett Opens Tech Center Where Cabela’s Left

Sidney, Nebraska, is the former headquarters of Cabela’s Inc., which was downsized after it was acquired. Former Cabela’s employees now use their skills for Huyett.

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SHORTTAKES: Assembled Products, PennEngineering and WINA

May 20
02:43 2019

Deere & Company inducted Assembled Products Inc. into its Supplier Hall of Fame. API also was honored as a Partner-level supplier for 2018 as the Enterprise Supply Management Supplier of...

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Kyocera To Acquire SouthernCarlson

May 20
01:34 2019
    Kyocera To Acquire SouthernCarlson

Omaha, NE-based SouthernCarlson has more than 900 employees that operate 150 locations to provide screws, anchors, bolts, nuts and washers, along with other products.

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Equity Firm Buys LindFast

April 22
23:29 2019
    Equity Firm Buys LindFast

Nautic Partners LLC completed the acquisition of LindFast Solutions Group in partnership with LindFast management.

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Würth Revcar Marking 50th Anniversary in 2019

April 22
23:06 2019
    Würth Revcar Marking 50th Anniversary in 2019

Jim Revercomb and Jack Carter opened the fastener supply store on March 10, 1969, in Virginia.

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Derry Links Company Culture To 19% Annual Growth

April 22
21:45 2019
    Derry Links Company Culture To 19% Annual Growth

“Every company has a culture. You get it by accident or by design. Make it by design.”

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Q1 FINdex Recoups Losses

April 22
20:50 2019
    Q1 FINdex Recoups Losses

Most aerospace, automotive and industrial fastener companies tracked by the FIN Fastener Stock Index posted stock gains during the first three months of 2019.

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U.S. Tariff on Chinese Fasteners To Continue

March 25
15:25 2019
    U.S. Tariff on Chinese Fasteners To Continue

The original tariff of 10% will continue for a “substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal,” U.S. President Donald Trump stated in late March.

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Fastener Innovator 2019 Announced At Stuttgart

March 25
08:24 2019
    Fastener Innovator 2019 Announced At Stuttgart

Flat safety washers, miniature screw threader, and thread-forming screws for thin sheet metal were the 2019 new product winners announced at Fastener Fair Stuttgart.

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Panel: How To Treat Customers

March 25
06:07 2019
    Panel: How To Treat Customers

Mike Bailey of Nucor Fastener, Marc Strandquist of Würth Industry North America, Field CEO Bill Derry spoke on the “Future of Fastener Distribution” during the joint conference of the NFDA, Mid-West Fastener Association and Pacific-West Fastener Association in San Diego.

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Brewster Washers Marking 100th Anniversary

March 25
04:49 2019
    Brewster Washers Marking 100th Anniversary

The manufacturer has had only two locations – moving from the original plant to Fairfield, NJ, in 1958.

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South Africa Investigating Surge in Fastener Imports

March 25
04:00 2019
    South Africa Investigating Surge in Fastener Imports

South Africa notified the WTO of investigation, which started March 1. Interested parties have 20 days to submit information.

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FDI Falls To Near Two-Year Low

March 25
03:17 2019
    FDI Falls To Near Two-Year Low

“Stabilization or further moderation in the FDI could be more likely than acceleration from here,” according to R.W. Baird analyst David Manthey.

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Fastener Tech Announces 4 Conference Sessions

March 25
02:39 2019

75 exhibitors booked for June 4-6, 2019, biennial trade show in Rosemont, IL.

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Stanley Engineered Fastening Expands

March 25
02:05 2019
    Stanley Engineered Fastening Expands

The city of Elyria, OH, is expected to gain “nearly 100 manufacturing jobs, another 130,000 square feet of manufacturing space and millions in investment,” writes Dave O’Brien of the Chronicle-Telegram.

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Wodin, BBI to Host Open Houses With North Coast Social

March 25
02:04 2019

The Social will be 5pm to 8pm, Thursday, May 9, 2019, at the Crowne Plaza Hotel in Independence, OH.

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SHORTTAKES: Auto Bolt, Field and Intuilize

March 25
01:29 2019

Auto Bolt Company named Libby Beattie to inside sales and Pete Drury senior tool engineer. Beattie has  25 years experience in customer service/quoting, including the last eight years in the...

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No Need to Change? Look at Malls

March 25
00:21 2019

“Your competitors are afraid to change,” stated consultant Dirk Beveridge of UnleashWD. You need to be willing to open up your eyes and ask, “Why?”

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