Global Fastener News

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U.S. Fastener Industry Sheltering In Place Amid COVID-19 Pandemic

March 17
13:04 2020
    U.S. Fastener Industry Sheltering In Place Amid COVID-19 Pandemic

Industrial fastener companies in the U.S. have cut travel and limited face-to-face interactions with customers in an attempt to keep employees safe and minimize the spread of the coronavirus.

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Howmet Aerospace Names Co-CEOs

March 17
06:23 2020

Arconic CEO John Plant has agreed to a three-year employment agreement to lead Howmet Aerospace as co-CEO. Tolga Oal, who currently serves as President of Arconic Engineered Structures, will serve as co-CEO.

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Labor Shortage “Going To Get Worse”

March 17
05:27 2020
    Labor Shortage “Going To Get Worse”

The U.S. actually needs more immigrants, advised economist Christopher Thornberg.

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Bulten Combining U.S. Operations And PSM Int’l

March 17
04:11 2020

Bulten signed a twelve-year lease of approximately $1 million per year for the new facility, which will be located in Streetsboro between Bulten's current plant in Hudson and PSM’s in Youngstown.

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FDI Continued To Improve In February

March 17
03:20 2020
    FDI Continued To Improve In February

“Of note, the improvement in the sales index was driven mainly by the seasonal adjustment factor, as the percentage of respondents seeing better-than-expected sales actually decreased vs. last month, although this is not usual given February is normally a seasonally weaker month,” R.W. Baird analyst David Manthey wrote.

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Fastenal Pilots Electric Truck Delivery In Los Angeles

March 17
02:44 2020
    Fastenal Pilots Electric Truck Delivery In Los Angeles

A battery electric Freightliner eM2 straight truck began service in the Fastenal fleet in early January, making deliveries to 28 Fastenal branches and Onsite locations in the Los Angeles metro area.

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Lawrence: “I Doubt Your Suppliers Are Enamored with Amazon”

March 17
01:59 2020

What NFDA and Pac-West distributors need to do to “go head-to-head with the Amazon world” is “develop new services and get paid for the services.”

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MWFA Postpones March & April Events

March 17
01:22 2020

74th anniversary dinner was scheduled for April.

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Cologne Hardware Fair Rescheduled

March 17
00:52 2020

“Exhibitors from the tool industry have reiterated their great concern for the health of their employees,” show organizers announced.

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TriMas Completes RSA Acquisition

March 17
00:41 2020

RSA Engineered Products manufactures highly-engineered components, including air ducting products, connectors, flexible joints, ozone converters and machined assemblies, for aerospace and defense applications.

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SHORTTAKES: AIS, G.L. Huyett, Morgan Ohare & Rotor Clip

March 17
00:05 2020

AIS – All Integrated Solutions was recognized for shipping 10 million pieces with zero defects. The Outstanding Quality award was presented at the Motus Integrated Technologies 2020 annual Suppliers Conference....

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IFE Seeking HoF Plus Young Pro Nominations

March 17
00:01 2020

First held in 1982, a total of 105 people have been inducted into the Hall of Fame.  Edward McIlhon of Assembled Products and Marty Nolan of R.L. English were inducted in 2019.

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2020 Taiwan Fastener Show Postponed Until October

February 24
22:23 2020
    2020 Taiwan Fastener Show Postponed Until October

“After comprehensive consideration of the new coronavirus epidemic, the organizer decided to extend the exhibition date,” according to the official statement.  

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Ken Forging Turns 50: Inventory Key Strategy

February 24
18:44 2020
    Ken Forging Turns 50: Inventory Key Strategy

Early on, founder Rich Kovach developed a business strategy of having product in stock.

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Commerce Affirms Probes On Asian Threaded Rod

February 24
15:42 2020

The U.S. Department of Commerce announced affirmative final determinations in the antidumping and countervailing investigations of imports of carbon and alloy steel threaded rod from China and India.

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Stanley Black & Decker To Acquire CAM For $1.5b

February 24
11:43 2020
    Stanley Black & Decker To Acquire CAM For $1.5b

The deal with Brea, CA-based Consolidated Aerospace Manufacturing LLC is contingent on the Boeing 737 MAX returning to service and on Boeing meeting certain production goals.

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TriMas Awarded Airbus Contracts

February 24
10:34 2020

TriMas Aerospace’s Monogram Aerospace Fasteners and Allfast Fastening Systems operations were both awarded new supply contracts by Airbus, expanding the company’s engineered fastener sales in Europe.

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After Declines, FDI Rises In January

February 24
09:44 2020
    After Declines, FDI Rises In January

About 53% of respondents saw sales growth above seasonal expectations, while 23% characterized sales as below seasonal expectations.

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Earnest Machine Acquires NTF

February 24
08:17 2020

Earnest Machine closed National Threaded Fasteners’ facility in Perry, OH, on February 12 and will move the inventory and operations to its facilities in Indianapolis and Atlanta.

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Arconic Board Approves Howmet Aerospace

February 24
07:15 2020

Arconic's Engineered Products and Forgings businesses (engine products, fastening systems, engineered structures and forged wheels) will be renamed Howmet Aerospace Inc. in April.

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