Global Fastener News

HEADLINES

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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Stuttgart Totaling 960 Exhibitors

February 04
03:29 2019

Show management for the 8th International Exhibition for the Fastener & Fixing Industry reports 960 exhibitors from 44 countries for the 2019 three-day event. Fastener Fair Stuttgart is open Tuesday,...

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Hahn Acquires Straight Drive Fasteners

February 04
03:25 2019

Comstock Park, MI-based Straight Drive Fasteners distributes fasteners, adhesives, tools, MRO and accessories.

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Fastener Fair in Detroit Adds Education Sessions

February 04
03:01 2019

Registration has opened for the second Fastener Fair USA, set for May 22-23, 2019, at the Cobo Center in Detroit.

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Motor City Industrial Buys Smith Fastener

February 04
02:57 2019
    Motor City Industrial Buys Smith Fastener

Founded in 1965, Smith Fastener distributes industrial fasteners and ancillary products throughout North America from locations in West Virginia, Pennsylvania and Texas.

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Fastener Machinery Auction March 7

February 04
02:25 2019
    Fastener Machinery Auction March 7

Equipment includes multi-die headers, nut formers and tappers, pointing machines, and other screw, bolt, specialty fastener and cold forming manufacturing machinery.

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SHORTTAKES: AFC Industries, Brighton-Best, Fast-Exec, Sphere1 and United Performance Metals

February 04
02:20 2019

Peter Sullivan is retiring from AFC Industries. Sullivan was president of Accurate Fasteners, which was acquired by AFC Industries in 2017. Sullivan was the 2005-2006 president of the National Fastener...

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Fastenal Reports Double-Digit Fastener Sales Growth

February 04
01:42 2019

“Tariffs had a small impact on sales and profits in 4Q18, but a greater impact on our inventory growth,” the company stated. “Discussions with customers about addressing tariffs have been encouraging.”

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Würth Group Posts Record Results

February 04
01:12 2019

For 2019, Würth expects mid-single-digit growth in sales and a proportionately higher operating result. 

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Grainger Sales Rise on Volume

February 04
00:19 2019

“Key accomplishments included U.S. segment volume growth of 8%, a profitable fourth quarter for the Canadian business and double-digit revenue growth for our single channel businesses,” stated CEO DG Macpherson.

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ITW Fastener Segment Sales Edge Up

February 04
00:16 2019

During 2018, ITW revenue rose 3.3% to $14.8 billion, with operating margin slipping to 24.3%.

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Hilti Group Sales Grow Double Digits

February 04
00:09 2019
    Hilti Group Sales Grow Double Digits

“We made substantial investments into innovations, market reach and our infrastructure, laying the foundation for long-term profitable growth," stated CEO Christoph Loos.

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Industrial Fastener Stocks Show Strength in 2018

January 07
12:10 2019
    Industrial Fastener Stocks Show Strength in 2018

After two consecutive years of double-digit growth, the FIN Fastener Stock Index contracted in 2018, hampered by volatility that dominated the markets, making 2018 the worst year for stocks in a decade.

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China’s Standard Fastener Exports Jump

January 07
09:03 2019

In the first 10 months of 2018, China exports of standard fasteners increased 14.5% in volume and 31.7% in value, Fastener World reports.

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Tariffs Dominant Story of ’18

January 07
08:13 2019

The last time the U.S. imposed a global tariff on imported steel was in 2002 under President George W. Bush. The 30% tariff ended the following year after the WTO ruled the Section 201 remedy violated global trade practices. According to one independent study, the 2002 Bush steel tariffs cost 200,000 jobs because of higher steel prices.

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