Oregon-based fastener manufacturer building a $4.3 million East Coast production facility expected to create 21 new jobs.
HEADLINES
Taiwanese fastener exports to the U.S. (its largest market) dipped a mere 0.31% in September, while fastener exports to Europe grew 14%, according to Fastener World.
Despite moderation, the Fastener Distributor Index reading “still meaningfully marks the second highest monthly FDI reading in 2024.”
Deal for Apopka, FL-based AFI strengthens Endries' presence in Florida, North Carolina, Georgia, Tennessee, and Texas.
Anti-dumping probe scrutinizing Chinese screws and bolts, whether or not with their nuts and washers, without heads.
The FIN Fastener Stock Index recovered in the third quarter of 2024 as “production at U.S. factories surged in August amid a rebound in motor vehicle output.”
By end market, overall sales to heavy manufacturing customers improved 1%, while sales to all other manufacturing customers increased 7.5%.
Sales, employment, and customer inventories rose in September as supply chains improved, the Fastener Distributor Index found.
Cascade president Tom Boline will lead sales for the structural market throughout Field’s footprint and the Pacific Northwest industrial market.
Founded in 1874 by William Anderson, the company relocated from Cleveland to Tiffin, OH, where it continues to find global success in advanced cold forming technology.
Carmen Vertullo is celebrated for his contributions to the fastener industry as an engineer, consultant, teacher, and mentor.
“Fastener market conditions and the industrial economy in general continued to be soft but slightly better... in August.”
Fastener Distributor Index (FDI) fell below 50 for the first time since January, with several participants seeing signs of a broader slowdown beyond just seasonal weakness.
Deal vertically integrates and strengthens Houston-based Lamons’ portfolio of fastening solutions.
Bob Miller will replace current Fasteners GM Keith Shope, who is preparing to retire as BlackHawk retools its fastener division leadership.
Monthly fastener sales at Fastenal Co. continue to seesaw amid weaker industrial production and lower pricing.
Facing ongoing headwinds in U.S. manufacturing economic activity, only two FIN Fastener Stock Index companies — both aerospace suppliers — achieved stock price gains in the second quarter.
Deal marks “a significant milestone in its strategic expansion plans to serve manufacturers headquartered throughout the greater Midwest and Atlantic regions.”
“Neither guy is going to do our industry any favors,” a U.S. fastener distributor explained as survey results revealed fastener market conditions worsened in June.
Weak industrial product and lower pricing continued to hurt the company’s fastener sales but the rate of decline slowed.