Global Fastener News

HEADLINES

Birmingham Fastener Buys Champion Sales & Mfg.

May 17
21:49 2022
    Birmingham Fastener Buys Champion Sales & Mfg.

Magnolia, TX-based Champion Sales & Mfg. produces mechanical joint, push-on and other gaskets for the waterworks industry.

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Traveling Rep Started Advance Components in 1972

May 17
20:58 2022
    Traveling Rep Started Advance Components in 1972

The business was “his thing,” and Doug Berry’s daughters had followed their own paths until 2006.

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U.S. EV & Hybrid Sales Nearly Doubled in 2021

May 17
20:19 2022
    U.S. EV & Hybrid Sales Nearly Doubled in 2021

Traditional internal combustion vehicles still dominate, but BloombergNEF predicts electric vehicles will total 70% of the U.S. light vehicle market by 2040.

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Soft Sales Slow FDI Growth in April

May 17
19:56 2022
    Soft Sales Slow FDI Growth in April

A general market slowdown, limited material availability for specialty fasteners, lower “panic buying” and Spring Break-related softness weighed on fastener sales growth last month, according to R.W. Baird analyst David Manthey.

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Fastener Sales Mixed in First Quarter

May 17
18:57 2022

Publicly-traded fastener companies reported fluctuating sales driven by varying market conditions.

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SHORTTAKES: Birmingham Fastener, Optimas, Ramco, Vulcan Steel, Wrentham Tool and Zago Mfg.

May 17
17:02 2022

Birmingham Fastener hired Baron Yarborough as GM of Champion Manufacturing, a rubber gasket manufacturer that Birmingham Fastener acquired in April. Yarborough and his team will be working closely with Birmingham...

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U.S. Opens Freight Data Portal

April 14
13:05 2022
    U.S. Opens Freight Data Portal

The Department of Transportation launched a new data sharing initiative to speed up delivery times in the supply chain, reduce delays and lower costs for consumers.

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Pac-West: July Strike Could Cripple L.A. Port

April 14
12:45 2022
    Pac-West: July Strike Could Cripple L.A. Port

Jun Xu of Brighton-Best International, Tim Roberto of Star Stainless Screw and Chris Donnell of Scanwell Logistics were panelists at the 2022 Pac-West spring conference.

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Economist at Pac-West: Economy ‘Hot Until It Is Not’

April 14
12:30 2022
    Economist at Pac-West: Economy ‘Hot Until It Is Not’

The economy is back and even “overheated,” which can lead to cyclical risks, economist Christopher Thornberg said.

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Fastenal Co. Fastener Sales Rise 25% in Q1

April 14
12:15 2022
    Fastenal Co. Fastener Sales Rise 25% in Q1

Fastener daily sales increased 24.6% in the first quarter of 2022, boosted by strong growth in March.

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NTSB: Failed Fastener Started $3.8m Ferry Fire

April 14
11:45 2022
    NTSB: Failed Fastener Started $3.8m Ferry Fire

During a post-maintenance sea trial, the connecting rod assembly in the No. 3 main engine failed and ejected components that breached the crankcase and ignited hot pressurized gasses.

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Friel, Menke Win IFI Soaring Eagle Awards

April 14
11:30 2022

The Industrial Fasteners Institute presented its 2022 Soaring Eagle service award to Michael Friel of Haydon Bolts and St. Louis Screw & Bolt, and its technology award to Kevin Menke of Fastenal Co.

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NFDA Honors O’Keeffe as 2022 Fastener Professional

April 14
11:15 2022
    NFDA Honors O’Keeffe as 2022 Fastener Professional

In 1992 O’Keeffe purchased G.L. Huyett from Bob and Dolly Hahn. What started as a single-employee business has grown to 160 employees, four distribution centers, two manufacturing centers, a Kansas headquarters and a technology center in Nebraska.

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SHORTTAKES: Atlanta Rod, Crescent Mfg., Distribution One, Fastener Technology Corp., Groov-Pin, Semblex, Special Rivets Corp. and Specialty Screw Corp.

April 14
10:30 2022

Atlanta Rod and Manufacturing Co. is adding 40,000 sq ft to its facility. “American manufacturing is THRIVING and we’re doing all we can to maximize growth in this essential industry!”...

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Fastener Companies Respond To War in Ukraine

March 15
23:34 2022
    Fastener Companies Respond To War in Ukraine

Amid the Ukraine crisis, fastener companies reacted with contract terminations, operation pauses and donations, Fastener + Fixing Magazine reports.

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Optimas Solutions Automates CNC Machining

March 15
22:21 2022
    Optimas Solutions Automates CNC Machining

Optimas has deployed the UR10e collaborative robot to simultaneously feed two CNCs that machine cold headed fasteners to customer specifications.

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Ramco Expanding To Increase Domestic Production

March 15
21:19 2022
    Ramco Expanding To Increase Domestic Production

The expansion is slated for completion in June 2022 and increases manufacturing, engineering and office space to 210,000 sq ft.

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FDI Rebounds in February Amid Sales Gains

March 15
20:24 2022
    FDI Rebounds in February Amid Sales Gains

“Pricing continues to increase as measured by the month-to-month and year-to-year indexes,” according to R.W. Baird analyst David Manthey.

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EC Approves AD Tariff on Chinese Fasteners

February 22
23:23 2022
    EC Approves AD Tariff on Chinese Fasteners

The European Commission approved definitive antidumping duties of up to 86.5% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.

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Matten: Circumvention 
“Will Not Work”

February 22
22:28 2022

Importers bringing in circumvented product “will almost certainly be caught and pay the consequences in the end,” Matten predicted.

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