Global Fastener News

HEADLINES

Fastener Tariff Hike Suspended ‘Until Further Notice’

March 04
23:05 2019
    Fastener Tariff Hike Suspended ‘Until Further Notice’

The U.S. Trade Representative’s office said it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice,” Reuters reports.

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Vulcan Steel Seeks Duties on Asian Threaded Rod

March 04
22:39 2019
    Vulcan Steel Seeks Duties on Asian Threaded Rod

Steel threaded rod, bar, or studs subject to these investigations are non-headed and threaded along greater than 25% of their total actual length and produced in China, India, Taiwan and Thailand.

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Company Culture Change Starts With Leader ‘Vision’

March 04
21:17 2019
    Company Culture Change Starts With Leader ‘Vision’

How ready are you for a change in your company? Dr. Nathan Baxter asked the Southwestern Fastener Association. “It starts with a change of company culture,” he advised.

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Endries Int’l Buys Industrial Products Co.

March 04
20:50 2019

Founded in 1976 with 3 employees in a 3,000 sq ft warehouse, Lynchburg, VA-based IPC supplies fasteners and related production components to the OEM market, with warehouses in Virginia, Mississippi, Nebraska, and China.

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Nuts and Bolts Acquires Fasteners Inc.

March 04
20:39 2019

The deal, which included the associated Arconic (Huck) distribution rights, was finalized on December 31.

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Bossard Group Acquires BRUMA

March 04
19:44 2019

“This investment will enable Bossard to consolidate its presence on the German market,” the group stated.

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SFA Board Making Changes

March 04
19:10 2019
    SFA Board Making Changes

The Southwestern Fastener Association board has been struggling with direction, as most of the eight regional fastener associations have.

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U.S. 232 Tariff Exclusion Process Still Vexing

March 04
18:36 2019
    U.S. 232 Tariff Exclusion Process Still Vexing

“It’s caused us major, major chaos,” Dexter Fastener Technologies VP Jim Cremering told The Detroit News. "We got exemptions for some, but not others. It doesn’t make sense.”

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STAFDA Lists Nashville Speaker & Music

March 04
18:10 2019
    STAFDA Lists Nashville Speaker & Music

Norton|Saint-Gobain Abrasives North America sales & marketing VP Glenn Knowlton will present the Associate State of the Industry address during the Specialty Tools & Fasteners Distributors Association’s 43rd annual convention & trade show in Nashville. Country music duo Big & Rich will open the event.

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IFE Adds Preview Hours for 2019

March 04
18:00 2019

The international sourcing and the machinery sections will open early on the first day of the September 17-19, 2019, International Fastener Expo in Las Vegas.

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Reed Completes Fastener Fair Acquisition

March 04
17:59 2019

Reed had agreed to acquire Mack Brooks in January.

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Arconic Reports 8% Sales Growth

March 04
16:42 2019

Arconic has commenced plans to reduce operating costs by approximately $200 million on an annual run-rate basis.

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Wesco Aircraft Sales & Profit Improve

March 04
15:23 2019

“Long-term contracts were higher, primarily due to higher chemical pass-through revenue and related service fees, while hardware volume increased at a lesser pace,” the company stated.

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SHORTTAKES: 3Q, All Integrated Solutions, Beacon Fasteners, Earnest Machine, Metric & Multistandard, Phillips Screw and Specialty Screw

March 04
12:19 2019

Fastener distributor 3Q Inc. received ISO 9001-2015 certification, John Vander Veen, sales & marketing, announced. “We are proud and grateful to all of our employees for their efforts in making...

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Report: Asia Pacific Fasteners Market At $45.5 Billion By 2025

February 04
22:21 2019
    Report: Asia Pacific Fasteners Market At $45.5 Billion By 2025

“Rising product demand as an integral bonding component for manufacturing vehicles, home appliances, industrial machinery, and aerospace structures is likely to drive industry growth,” according to a report by Research and Markets.

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Reed Exhibitions to Acquire Fastener Fair

February 04
10:23 2019
    Reed Exhibitions to Acquire Fastener Fair

Reed Exhibitions has agreed to acquire Mack Brooks Exhibitions – owner of multiple fastener trade shows, including the world’s largest, Fastener Fair Stuttgart.

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Fastener Industry Responds To EV Market Demands

February 04
06:35 2019
    Fastener Industry Responds To EV Market Demands

Half of almost 1,000 automotive industry decision makers surveyed in Europe, Asia, and the Americas believe battery electric vehicles are the No. 1 trend in their sector, up from the No. 3 spot in 2016 (and up from the No. 9 spot in 2015), according to KPMG’s Global Automotive Executive Survey 2017.

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FDI Retreats For Second Straight Month

February 04
05:31 2019
    FDI Retreats For Second Straight Month

Sales trends improved in December, with 42% of respondents indicating sales were “better” relative to seasonal expectations vs. 34% of respondents the previous month.

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Arconic Cancels $10b Acquisition Deal

February 04
04:14 2019
    Arconic Cancels $10b Acquisition Deal

“We did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic’s shareholders and other stakeholders,” stated company chairman John C. Plant.

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IFI’s 10th Edition Includes 40 Standards Updates

February 04
03:59 2019
    IFI’s 10th Edition Includes 40 Standards Updates

Brahimi: Prime for the online edition are companies with multiple users. “Companies that need multiple books for a single location or books for multiple locations get a much better deal, and several of those have purchased the online subscription.”

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