Global Fastener News

HEADLINES

FINdex Keeps Accelerating

July 10
23:36 2019
    FINdex Keeps Accelerating

The FIN Fastener Stock Index climbed in the second quarter of 2019, boosted by a stock performance that produced the strongest June in decades. The FINdex rose 13% in Q2, besting an index of related industrial stocks that increased 6.2%.

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USTR Announces 301 Tariff Exclusion Process

July 10
23:29 2019
    USTR Announces 301 Tariff Exclusion Process

Companies requesting exemptions must demonstrate that the product is available only from China, that the tariff will cause severe economic harm and that the product is "strategically important."

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FIN Marks 40 Years in 2019

July 10
23:14 2019

Fastener Industry News is marking 40 years since it was first published on July 10, 1979, a year that was dominated by a hostage situation in Iran, energy crisis, record federal expenditures, double-digit inflation and rising unemployment.

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Ruggles, Derry Lead NFDA

July 10
23:02 2019
    Ruggles, Derry Lead NFDA

Ruggles, CEO / owner of Alabama-based Martin Fastening Solutions, succeeds Kelly Cole of Hayes Bolt & Supply.

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China Fastener Exports Rise

July 10
21:14 2019
    China Fastener Exports Rise

China fastener exports climbed 4.4% in the first four months of 2019, while the export value grew 3.2%, ChinaFastener.Info reports.

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Park-Ohio’s Crawford Becomes Ambassador to Ireland

July 10
20:41 2019
    Park-Ohio’s Crawford Becomes Ambassador to Ireland

The 81-year-old Irish-American businessman was nominated in October 2018 by U.S. President Donald Trump. Both of Crawford's parents hail from Co. Cork in Ireland.

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What Exhibitors Want: Customers Attending

July 10
19:09 2019
    What Exhibitors Want: Customers Attending

Exhibitors expressed mixed verdicts on the two recent fastener trade shows in Chicago and Detroit and the upcoming event in Las Vegas.

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TriMas Awarded Two Fastener Contracts

July 10
18:58 2019

CEO: “Both Safran and Sonaca are key aerospace Tier 1 suppliers, and are major users of blind fasteners of which TriMas Aerospace is a market leader.”

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UK’s Essentra Acquires Innovative Components

July 10
15:26 2019

Essentra, listed on the London Stock Exchange, is a global manufacturer and distributor of plastic and metal components.

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Bossard Expands In Aerospace Industry

July 10
14:21 2019
    Bossard Expands In Aerospace Industry

Founded in 1967, Boysen distributes fasteners to an international customer base, employing 54 people at facilities in Munich, Hamburg and Irving, TX.

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Fastener Sales Rise 5.5% At Fastenal

July 10
13:14 2019

“While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China, those increases were not sufficient to also counter general inflation in the marketplace.”

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Regional Associations to Gather in 2020

July 10
12:21 2019

Fastener associations Southeastern, Southwestern and Pac-West to meet in Texas.

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SHORTTAKES: Böllhoff, SFS Group, SPIROL International & STANLEY Engineered Fastening

July 10
10:17 2019

The Böllhoff Group opened a new fastener logistics center in Wuxi, China, responding to “steady” growth in the Chinese market, the group announced. The building, which opened April 1, provides...

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Fastener Importers Raise Prices to Counter Tariffs

June 10
17:05 2019
    Fastener Importers Raise Prices to Counter Tariffs

Brighton-Best International president Jun Xu told GlobalFastenerNews.com that his company has taken a “hybrid” approach to address tariffs.

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Mowins: More Counterfeit Fasteners Being Marketed

June 10
16:24 2019
    Mowins: More Counterfeit Fasteners Being Marketed

The Department of Defense and Department of Energy are “looking hard again at the fastener industry due to questions about counterfeit fasteners,” Mowins said.

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Touhy: Robots Simplify Access To Information

June 10
12:43 2019
    Touhy: Robots Simplify Access To Information

Since 2012, robots have been increasing 20% to 30% annually, John Touhy of Fanuc America told a 2019 Fastener Fair USA conference. Robots are “consistently repeatable and reliable” as long as maintained, and they “never talk back.”  

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Economist at Fastener Tech: Indicators Remain Strong

June 10
12:04 2019
    Economist at Fastener Tech: Indicators Remain Strong

Current indications are that the U.S. economy will remain strong, William Strauss, senior economist with the Federal Reserve Bank of Chicago, told a 2019 Fastener Tech conference.

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FDI Drops As 6-Month Outlook Declines

June 10
07:56 2019
    FDI Drops As 6-Month Outlook Declines

One distributor said they are “hearing about signs of a future downturn” but noted more stable backlog trends, while another predicted slightly slower sales this fall/winter due to an expected “mild recession.”

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Woltz: Steel Tariffs Create ‘Winners and Losers’

June 10
06:14 2019
    Woltz: Steel Tariffs Create ‘Winners and Losers’

Insteel Industries Inc. CEO H.O. Woltz suggested changes to “obsolete” U.S. trade laws, including the “antique” definitions of steel production and downstream steel production.

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Taiwan Fastener Export Volume Grows

June 10
05:18 2019

In light of the trade war between the U.S. and China, "it may be the best timing for Taiwanese fastener companies to enhance their order intake,” according to Fastener World.

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