While the FIN Fastener Stock Index lost 0.9% of its value in the third quarter, gains remain solid for the first nine months of 2023.
HEADLINES
The high court turned away PrimeSource Building Products' appeal of a lower court's decision to uphold a 25% tariff on fasteners and other steel derivatives.
After years of volatile raw material prices, material and energy costs have stabilized, making price increases smaller than during the pandemic.
Cold form fastener facility in Monterrey will continue Optimas Solutions' “near-shoring” efforts to minimize supply chain risk.
Automotive executives and analysts characterize the evolution to EVs as the biggest technological transformation since Henry Ford introduced his moving assembly line in 1913.
The International Fastener Expo Hall of Fame announced six fastener professionals will be inducted on October 10 during the annual trade show in Las Vegas.
Digital marketing consultant tells Mid-West Fastener Association: “Your competitors are jumping at artificial intelligence.”
Three of the four Fastener Distributor Index indicators (sales, employment and supplier delivers) improved, while customer inventories declined.
Improperly drilled holes, called "snowmen" because of their elongated shape, were filled with fasteners on some 737 Max planes before passing quality inspections at Spirit Aerosystems.
The parent company of Brighton-Best International was again the top fastener company in Taiwan in 2022, Fastener World reports.
Japan-based Owari Seiki is poised to play a role for OEMs and component manufacturers operating in Japan, aligning with the growing emphasis on local procurement.
Show management projects 650 exhibitors and 4,500 attendees at the 2023 International Fastener Expo on October 9-11 in Las Vegas.
During the first six months of 2023, the FIN Fastener Stock Index grew 24%, more than doubling gains by an index of related industrial stocks.
3D printed parts can minimize waste, streamline inventory management and contribute to a more sustainable automotive repair ecosystem.
The key to succession is “family leadership passion” and family involvement, Dr. Jim Ruetz told the National Fastener Distributors Association.
While some respondents pointed to evidence of reshoring, others claimed nearshoring is occurring as customers move business from China to Mexico.
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports....
While EV manufacturing involves technical issues requiring new fastener solutions, U.S. fastener experts remain confident that Taiwanese suppliers can deliver, according to Wards Auto.
Buyers want less product from Asia, more face time with suppliers and multiple approved sources, State of the Industry panelists told the National Fastener Distributors Association annual meeting.
Jim Degnan of S. W. Anderson will lead the National Fastener Distributors Association.