Global Fastener News

HEADLINES

Tariffs Achieve Mixed Results For U.S. Fastener Industry

September 03
23:04 2019
    Tariffs Achieve Mixed Results For U.S. Fastener Industry

Numerous domestic fastener manufacturers are promoting their U.S. operations in advertising, but there are varying responses to whether or how much the tariffs are boosting domestic sales.

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Trump Tariffs Escalate: Fasteners and Nuts From China See Further Duty Hikes

September 03
18:05 2019
    Trump Tariffs Escalate: Fasteners and Nuts From China See Further Duty Hikes

Twelve hours after China said it would retaliate against U.S. President Donald Trump’s next round of tariffs by raising taxes on American goods, Trump said he would bolster existing tariffs on $250 billion worth of Chinese goods to 30% from 25% on Oct. 1, including duties on bolts, screws and other fasteners manufactured in China. Trump also said the U.S. would tax another $300 billion worth of Chinese imports at a 15% rate, which includes all iron and steel nuts (HTS subheading 7318.16.00) imported from China.

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Mowins, McLean Take IFI Division Roles

September 03
07:11 2019
    Mowins, McLean Take IFI Division Roles

O’Brien, Meade step down from Industrial Fastener Institute Automotive, Aerospace Division management.

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IFE HoF to Honor McIlhon, Nolan & Yarborough

September 03
06:04 2019

IFE Hall of Fame has inducted 105 people since 1982.

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AFC Industries Acquires Patton Industrial

September 03
05:23 2019
    AFC Industries Acquires Patton Industrial

In business for more than 30 years, Bloomington, MN-based Patton is an ISO 9001:2008 certified fastener distributor supplying OEMs.

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After Declines, July FDI Recovers

September 03
04:09 2019
    After Declines, July FDI Recovers

“A slight uptick in the percentage of respondents perceiving customer inventory levels as 'too low' was the primary driver of the recovery,” writes R.W. Baird analyst David Manthey.

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WIFI Honors Simmi, Lumia, Wolz & Radel

September 03
02:27 2019

Osborne and Evans of BBI and Sanders of Dan-Loc received Women in the Fastener Industry scholarships.

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IFE Announces 2019 Conference Sessions

September 03
02:00 2019

Platings & Coatings; Controllers; Uniquely Abled Project; Customs Tariffs and Duties; 3D Printing; Digitally Driven Distributor; Future of Infrastructure & Automotive Fasteners; Avoid Duty Surprises & Strategies to Reduce Duties Lawfully; Data Driven Sales – Web Analytics to Improve Sales; Protecting Your Margins.

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Fastener Poland Lists 157 Exhibitors

September 03
01:19 2019

The trade show will be October 8-9, 2019, at the ExpoKrakow convention center.

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Arconic Fastener Operations To Become Howmet Aerospace

September 03
00:39 2019
    Arconic Fastener Operations To Become Howmet Aerospace

In the months following the demise of a $10 billion buyout, Arconic and its new leadership team, including former TRW Automotive CEO John Plant, have “taken decisive steps to bring down costs and improve operations, which has led to improved quarterly results and a recovering stock that today trades above the rumored buyout price,” according to the Motley Fool.

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SHORTTAKES: Bulten, Delta Secondary, NAW, Nedschroef, PennEngineering & SC Fastening Systems

September 03
00:09 2019

Bulten is eliminating 50 jobs as part of a restructuring program in its German unit “to adapt to current market conditions,” the company announced. The planned reduction in Bergkamen, Germany,...

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DELO Creates The World’s Strongest Adhesive

September 03
00:06 2019
    DELO Creates The World’s Strongest Adhesive

By lifting a 17.5-ton truck, Bavaria-based DELO secured the GUINNESS WORLD RECORDS title for the “heaviest weight lifted with glue.”

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Trump Tariffs Target Iron & Steel Nuts From China

August 05
09:14 2019
    Trump Tariffs Target Iron & Steel Nuts From China

The new 10% tariff applies to all iron and steel nut imports (HTS subheading 7318.16.00) from China, as well as iPhones and most consumer goods.

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U.S. Sets Duties On Threaded Rod From China & India

August 05
07:08 2019
    U.S. Sets Duties On Threaded Rod From China & India

Countervailing duty investigations found exporters received countervailable subsidies ranging from 23.41% to 24.89% and 6.07% to 155.03%, respectively.

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Teaching Robots to Install Screws

August 05
06:31 2019
    Teaching Robots to Install Screws

The future of manufacturing may depend on robots learning to outperform humans in tightening and loosening screws, according to an MIT Technology Review article.

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Enduralock Wins NASA iTech Competition

August 05
05:41 2019
    Enduralock Wins NASA iTech Competition

Based in Lenexa, KS, Enduralock designs fasteners that are highly vibration resistant and provide a permanent lock, yet they are able to be fully reversed and reused with standard tooling.

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MacLean-Fogg Forms Aluminum JV

August 05
04:53 2019

Aluform USA “combines RIBE and MFCS strengths to bring the Aluform product line to the North American marketplace,” with application engineering, customer support and manufacturing in the U.S.

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FDI Declines For Second Straight Month

August 05
03:05 2019
    FDI Declines For Second Straight Month

Some distributors commented on political uncertainty ahead of the 2020 election as a key risk to the outlook.

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Fastenal’s Onsite Program Reaches 1,000

August 05
02:39 2019

Fastenal’s Onsite service began in 1992, when a large manufacturing plant required more inventory than the local public branch could stock.

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Agrisolutions Acquires U.S. Mfg.

August 05
02:19 2019
    Agrisolutions Acquires U.S. Mfg.

Eldora, IA-based USM manufactures hammer mill components for OEM and MRO markets.

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