Global Fastener News

HEADLINES

FINdex Remains Strong Despite Q3 Decline

November 01
13:51 2023
    FINdex Remains Strong Despite Q3 Decline

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.

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U.S. Supreme Court Declines Fastener Tariff Appeal

November 01
13:28 2023

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.

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Fastener Price Gains To Slow Through 2027

November 01
13:11 2023
    Fastener Price Gains To Slow Through 2027

After years of volatile raw material prices, material and energy costs have stabilized, making price increases smaller than during the pandemic.

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Optimas Opening Fastener Plant in Mexico

November 01
12:53 2023
    Optimas Opening Fastener Plant in Mexico

Cold form fastener facility in Monterrey will continue Optimas Solutions' “near-shoring” efforts to minimize supply chain risk.

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EVs Central to Auto Strike

September 28
23:31 2023
    EVs Central to Auto Strike

Automotive executives and analysts characterize the evolution to EVs as the biggest technological transformation since Henry Ford introduced his moving assembly line in 1913.

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IFE Names 6 to Fastener Hall of Fame

September 28
22:49 2023

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.

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MWFA Panel on AI: Watch What Partners Do

September 28
21:52 2023
    MWFA Panel on AI: Watch What Partners Do

Digital marketing consultant tells Mid-West Fastener Association: “Your competitors are jumping at artificial intelligence.”

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FDI: U.S. Fastener Demand Rebounding

September 28
20:10 2023
    FDI: U.S. Fastener Demand Rebounding

Three of the four Fastener Distributor Index indicators (sales, employment and supplier delivers) improved, while customer inventories declined.

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‘Snowmen’ Add to 737 Issues

August 28
23:41 2023
    ‘Snowmen’ Add to 737 Issues

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.

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Ta Chen Repeats as Taiwan’s Top Fastener Company

August 28
22:17 2023
    Ta Chen Repeats as Taiwan’s Top Fastener Company

The parent company of Brighton-Best International was again the top fastener company in Taiwan in 2022, Fastener World reports.

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EV Orders Drive Growth for Owari Seiko

August 28
21:23 2023
    EV Orders Drive Growth for Owari Seiko

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.

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IFE Expects 100+ New Exhibitors for 2023

August 28
18:28 2023
    IFE Expects 100+ New Exhibitors for 2023

Show management projects 650 exhibitors and 4,500 attendees at the 2023 International Fastener Expo on October 9-11 in Las Vegas.

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FINdex Gains Continue in Q2

July 27
23:45 2023
    FINdex Gains Continue in Q2

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.

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Würth Additive Group CEO Joining Global Task Force

July 27
23:30 2023
    Würth Additive Group CEO Joining Global Task Force

3D printed parts can minimize waste, streamline inventory management and contribute to a more sustainable automotive repair ecosystem.

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Ruetz: 1 in 10 Family Firms Survive to 3rd Gen

July 27
23:15 2023
    Ruetz: 1 in 10 Family Firms Survive to 3rd Gen

The key to succession is “family leadership passion” and family involvement, Dr. Jim Ruetz told the National Fastener Distributors Association.

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FDI Rises Amid Reshoring Reports

July 27
22:37 2023
    FDI Rises Amid Reshoring Reports

While some respondents pointed to evidence of reshoring, others claimed nearshoring is occurring as customers move business from China to Mexico.

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Tentative U.S. West 
Coast Port Deal Reached

June 27
17:41 2023
    Tentative U.S. West 
Coast Port Deal Reached

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....

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Taiwan’s Fastener Industry Eyes U.S. EV Market

June 27
17:05 2023
    Taiwan’s Fastener Industry Eyes U.S. EV Market

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.

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NFDA Panel: Domestic Sourcing Increases

June 27
16:13 2023
    NFDA Panel: Domestic Sourcing Increases

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.

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Degnan, McDaniel Lead NFDA for 2023-24

June 27
13:46 2023
    Degnan, McDaniel Lead NFDA for 2023-24

Jim Degnan of S. W.  Anderson will lead the National Fastener Distributors Association.

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