“Lose the losers,” economist Patrick Lucas advised National Fastener Distributors Association members.
HEADLINES
June 27
12:15
2023
“Mixed economic signals continued to push and pull our business,” one respondent said.
June 27
12:13
2023
The drop in May ended a 27-month stretch of fastener revenue growth for the Minnesota-based industrial bellwether.
June 27
11:39
2023
An industrial internet platform has been set up to offer digital factory solutions for fastener manufacturers.
June 27
11:31
2023
Muscatine, IA-based White Distribution and Supply is AFC's sixth acquisition of 2023.
June 27
11:29
2023
Camcar partner Ttapdrive AS is the Norwegian company that created the Ttap brand of drive systems.
June 27
11:04
2023
Founded in 1966 by John and Helen Walker, Denver-based Fasteners Inc. distributes the Huck Fastening System.
May 29
23:13
2023
Germany accounted for 39.4% of sales. The companies outside Germany also posted a successful financial year with an increase in sales of 19.4%. Top performers included the U.S. and Europe.
May 29
22:56
2023
“There are no major structural imbalances in the economy,” Dr. Chris Thornberg declared. “Everybody has cash on hand.”
May 29
21:11
2023
“We have wanted Fastbolt as part of the AFC family for several years,” stated AFC Industries CEO Kevin Godin.
May 29
18:26
2023
“Bill Derry lends the strategic direction that has played a significant role in Field’s 19% year-over-year growth for the past 30 years.”
April 27
23:13
2023
The FIN Fastener Stock Index jumped 17% in the opening quarter of 2023, topping a 3.5% gain by an index of related industrial stocks as global supply chains recover.
April 27
22:57
2023
In nominating Vertullo, fastener veteran John Butler cited “his years of devotion to the fastener industry through education, tribal knowledge, and generosity of time and materials.”
April 27
22:35
2023
Boeing recently found improperly torqued bolts in new-build 737 Max jets, indicating a quality problem similar to one revealed by the Federal Aviation Administration (FAA) on 23 March, FlightGlobal reports.
April 08
20:12
2023
Fastener Fair Global 2023 welcomed around 1,000 exhibitors from 46 countries to Stuttgart, Germany, filling halls 1, 3, 5 and 7 of the exhibition venue.
March 28
23:49
2023
In March 2018, former President Donald Trump ordered a 25% tariff on steel imports from most nations and a 10% tariff on aluminum imports - a policy largely maintained by President Joe Biden.
March 28
22:32
2023
Though the tonnage was down 0.7% from 2021, Taiwan’s transformation to higher-value-added products yielded higher total value.
March 28
21:35
2023
The fractured studs were composed of a corrosion-resistant nickel-based alloy susceptible to hydrogen embrittlement in subsea environments, according to the Bureau of Safety and Environmental Enforcement.
March 28
20:32
2023
Gene Simpson of Semblex Corp. is the new chairman of the Industrial Fasteners Institute and Dan Curtis of MacLean-Fogg Co. is vice chair for the 2023-24 term.
March 28
19:47
2023
Founded in 1910, Ford Aerospace manufactures high precision metal components and sub-assemblies for the aerospace, industrial and high-tech sectors.
