Global Fastener News

HEADLINES

NTSB: Failed Fastener Started $3.8m Ferry Fire

April 14
11:45 2022
    NTSB: Failed Fastener Started $3.8m Ferry Fire

During a post-maintenance sea trial, the connecting rod assembly in the No. 3 main engine failed and ejected components that breached the crankcase and ignited hot pressurized gasses.

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Friel, Menke Win IFI Soaring Eagle Awards

April 14
11:30 2022

The Industrial Fasteners Institute presented its 2022 Soaring Eagle service award to Michael Friel of Haydon Bolts and St. Louis Screw & Bolt, and its technology award to Kevin Menke of Fastenal Co.

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NFDA Honors O’Keeffe as 2022 Fastener Professional

April 14
11:15 2022
    NFDA Honors O’Keeffe as 2022 Fastener Professional

In 1992 O’Keeffe purchased G.L. Huyett from Bob and Dolly Hahn. What started as a single-employee business has grown to 160 employees, four distribution centers, two manufacturing centers, a Kansas headquarters and a technology center in Nebraska.

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SHORTTAKES: Atlanta Rod, Crescent Mfg., Distribution One, Fastener Technology Corp., Groov-Pin, Semblex, Special Rivets Corp. and Specialty Screw Corp.

April 14
10:30 2022

Atlanta Rod and Manufacturing Co. is adding 40,000 sq ft to its facility. “American manufacturing is THRIVING and we’re doing all we can to maximize growth in this essential industry!”...

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Fastener Companies Respond To War in Ukraine

March 15
23:34 2022
    Fastener Companies Respond To War in Ukraine

Amid the Ukraine crisis, fastener companies reacted with contract terminations, operation pauses and donations, Fastener + Fixing Magazine reports.

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Optimas Solutions Automates CNC Machining

March 15
22:21 2022
    Optimas Solutions Automates CNC Machining

Optimas has deployed the UR10e collaborative robot to simultaneously feed two CNCs that machine cold headed fasteners to customer specifications.

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Ramco Expanding To Increase Domestic Production

March 15
21:19 2022
    Ramco Expanding To Increase Domestic Production

The expansion is slated for completion in June 2022 and increases manufacturing, engineering and office space to 210,000 sq ft.

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FDI Rebounds in February Amid Sales Gains

March 15
20:24 2022
    FDI Rebounds in February Amid Sales Gains

“Pricing continues to increase as measured by the month-to-month and year-to-year indexes,” according to R.W. Baird analyst David Manthey.

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EC Approves AD Tariff on Chinese Fasteners

February 22
23:23 2022
    EC Approves AD Tariff on Chinese Fasteners

The European Commission approved definitive antidumping duties of up to 86.5% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.

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Matten: Circumvention 
“Will Not Work”

February 22
22:28 2022

Importers bringing in circumvented product “will almost certainly be caught and pay the consequences in the end,” Matten predicted.

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No Change in Stainless Steel Shortage

February 22
21:07 2022
    No Change in Stainless Steel Shortage

“Don’t hold out hope for the U.S.’s stainless steel shortage to get better until you know of new supply coming online,” guest columnists wrote in AgMetalMiner.com. “This is a long-term, painful shortage.”

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Simpson Mfg. Acquiring Etanco Group

February 22
20:52 2022

Founded in 1952, Etanco supplies fasteners, connectors, anchors and safety solutions for roofing, cladding, façade, waterproofing and solar applications for the construction market throughout Europe.

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Fastener Stocks Outperform Industrial Indexes in 2021

January 18
23:33 2022
    Fastener Stocks Outperform Industrial Indexes in 2021

The FIN Fastener Stock Index increased 25.1% in 2021 during a tumultuous year that saw international shipping rates skyrocket. Nucor Corp. topped the FINdex, capitalizing on its position as a domestic steel manufacturer amid U.S. tariffs on steel imports.

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ARaymond Acquisitions Prep for EVs

January 18
23:07 2022

“The automotive industry is shifting to electric and autonomous vehicles, and we want to actively contribute to this extraordinary transition.”

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Trifast: Customers Want Agile Supply Chains

January 18
22:49 2022
    Trifast: Customers Want Agile Supply Chains

“The lead times out of Asia have increased significantly during Covid and freight costs and container issues has meant that we had to react and onshore more product.”

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WIFI Honors Morris As ’21 Woman in Business

January 18
21:39 2022

Rich & Hunt were earlier named as Women in the Fastener Industry 2021 honorees.

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U.S. Tariffs Continue to Cost Businesses and Customers

December 20
23:32 2021
    U.S. Tariffs Continue to Cost Businesses and Customers

Three years after the U.S. placed 25% tariffs on $300 billion in Chinese goods, including fasteners, importers and customers continue to pay more for products, with little relief in sight.

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MW Industries Acquires Ideal Fasteners

December 20
23:09 2021

“At a time when customers want components faster than ever before, businesses need to be able to quickly source a variety of parts from a single provider,” stated MW CEO Simon Newman.

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Supply Chain & Labor Slow FDI Growth

December 20
22:36 2021
    Supply Chain & Labor Slow FDI Growth

“While past commentary focused on freight delays, container shortages, and shortages of imported material, labor seemed to be the biggest irritant this month, cited by nearly all respondents,” writes R.W. Baird analyst David Manthey.

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EC Signals AD Duties on Chinese Fastener Imports

November 20
21:10 2021
    EC Signals AD Duties on Chinese Fastener Imports

The European Commission signaled its intention to apply definitive antidumping duties of up to 89.8% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.

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