Global Fastener News

HEADLINES

MDM Lists Top 20 North American Fastener Distributors

June 24
16:44 2024
    MDM Lists Top 20 North American Fastener Distributors

“2023 may be remembered as the first ‘normal’ year since 2019 in terms of supply chain conditions and escalating inflation,” according to Modern Distribution Management.

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AFC Industries Acquires Circle Bolt & Nut

June 24
15:32 2024
    AFC Industries Acquires Circle Bolt & Nut

Deal to buy Pennsylvania-based Circle Bolt & Nut (CBN) from Optimas OE Solutions expands AFC's market reach in the Eastern U.S.

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Fastenal Fastener Sales Decline Nearly Doubles

June 24
14:03 2024
    Fastenal Fastener Sales Decline Nearly Doubles

Fastenal Co. reported fastener sales dropped to 30.8% of overall sales in May, nearly doubling April’s rate of decline.

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U.S. Triples Tariffs on Chinese Steel/Aluminum

May 28
15:11 2024
    U.S. Triples Tariffs on Chinese Steel/Aluminum

U.S. President Joe Biden imposed tariffs on $18 billion worth of goods, tripling the tariff on Chinese steel and aluminum to 25%.

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H.B. Fuller Acquires ND Industries

May 28
14:11 2024
    H.B. Fuller Acquires ND Industries

Founded in 1955, Greater Detroit-based ND Industries manufactures adhesives, sealants and thread-locking technologies for fasteners and assemblies.

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China EV Boom Drives Taiwan Auto Fastener Rebound

May 28
09:51 2024
    China EV Boom Drives Taiwan Auto Fastener Rebound

Orders for automotive nuts have rebounded to more than 70% of pre-recession levels, “although the recovery is relatively slow,” Fastener World magazine reports.

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LISI Partners on AI for Autonomous Machining

May 28
08:09 2024
    LISI Partners on AI for Autonomous Machining

LISI Group and Watch-Out have partnered to develop a disruptive AI solution for fully autonomous machining that is now operational.

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Strandquist Posthumously Named NFDA Fastener Pro

April 30
10:33 2024
    Strandquist Posthumously Named NFDA Fastener Pro

Doug Ruggles: “I don’t know anyone who has had a broader impact on the industry driving professionalism, growth, and a commitment to giving back.”

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FINdex Doubles Growth of Industrial Index

April 30
10:09 2024
    FINdex Doubles Growth of Industrial Index

The FIN Fastener Stock Index rode the twin forces of lower inflation and expanded manufacturing to solid growth in the opening quarter of 2024.

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Biden Calls for Higher Tariffs on Chinese Steel

April 30
08:57 2024
    Biden Calls for Higher Tariffs on Chinese Steel

U.S. President Joe Biden called for tripling the existing 7.5% tariff on Chinese steel and aluminum imports.

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Ukraine Finalizes Tariffs on Chinese Fasteners

April 30
07:51 2024

Final anti-dumping measures against steel fastener imports from China range from 32.5% - 67.4%.

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Curtis, Spelman Lead Industrial Fasteners Institute

March 27
23:42 2024
    Curtis, Spelman Lead Industrial Fasteners Institute

The Industrial Fasteners Institute elected Dan Curtis of MacLean-Fogg to lead the board as Chairman, and Larry Spelman of J.H. Botts as Vice Chairman.

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Würth Additive Group Offers Digital Inventory Services

March 27
23:15 2024
    Würth Additive Group Offers Digital Inventory Services

Company says its new service can provide parts across the globe in a matter of minutes.

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FBI Intensifies Investigation of Boeing Panel Blowout

March 27
22:56 2024

Passengers aboard a Boeing plane that made an emergency landing after a fuselage panel blew off in January have received letters from the FBI identifying them as possible victims of a crime, Reuters reports.

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Report: Global Industrial Fasteners Market ‘Booming’

February 26
13:34 2024
    Report: Global Industrial Fasteners Market ‘Booming’

Despite initial setbacks due to the pandemic, fastener demand has rebounded, driven by resumed manufacturing and construction activities worldwide, according to a new report.

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Section 301 Tariff Review Continues

February 26
13:26 2024
    Section 301 Tariff Review Continues

Reports indicate that the Biden administration will look to rebalance the tariffs on Chinese fasteners and other goods, potentially reducing those that are not in the U.S. interest.

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No Bolts: Boeing Error Caused Door Blowout

February 26
12:48 2024
    No Bolts: Boeing Error Caused Door Blowout

National Transportation Safety Board investigators said four bolts that hold the door plug in place on the Boeing 737 Max 9 were missing at the time of the January 5 blowout on Alaska Airlines flight 1282.

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FDI Rises after Soft December

February 26
11:26 2024
    FDI Rises after Soft December

“While there continues to be a healthy mix of both bulls and bears, on balance we felt commentary skewed slightly more optimistic this month.”

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FINdex Rises 44% in 2023 as Markets Stabilize

January 29
13:55 2024
    FINdex Rises 44% in 2023 as Markets Stabilize

The FIN Fastener Stock Index roared back in 2023, more than doubling gains by related industrial stocks in a rocky economic year that produced a “recovery” in U.S. industrial fastener demand.

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FAA: More Boeing Oversight on 737 Max 9

January 29
12:19 2024
    FAA: More Boeing Oversight on 737 Max 9

In addition to increased oversight of Boeing and auditing production of the 737 Max 9 jetliner, the Federal Aviation Administration may use an independent third party to oversee Boeing’s inspections and its quality system.

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