The decline in fastener sales that began in March due to the pandemic slowed in July, with sales down only 7.5% compared to an 11.4% decrease the previous month.
HEADLINES
September 22
00:35
2020
Taiwan's China Steel Corp (CSC) hiked fourth-quarter steel prices by NTD 500-1,000 per ton for each type of steel, up an average of 3.36% - the largest single-quarter increase over the last two and a half years, Fastener World reports.
September 22
00:08
2020
Bolts & Nuts Corp. changed its named and rebranded as Stock’d Supply following several recent acquisitions, investment in technology, and an expanded products and services offering. “We want our customers...
August 24
23:40
2020
Metal work done at the Brunswick plant, which employs 53 people, will be transferred to facilities in Logansport, IN, and Hamilton, Ontario, while the plant’s plastic operations will be transferred to a company facility in Rochester Hills, MI.
August 24
23:27
2020
Aerospace fastener and components supplier Precision Castparts Corp. cut one third of its global workforce in the first half of 2020 “as orders for its aerospace components evaporated,” the Oregonian reports.
August 24
23:01
2020
A two-man distributorship opened in a 3,500 sq ft warehouse on November 1, 1970, in Rosemont, IL. Thus was the start of "The Bright Name in Fasteners."
August 24
22:55
2020
Advance Components has begun stocking and distributing a new kind of fastener that addresses the discomfort associated with face masks.
August 24
22:18
2020
Strong sales, distributor inventories and pricing meet lower employment and customer inventories.
August 24
22:01
2020
Originally scheduled in May 2020, as the Covid-19 pandemic grew Fastener Fair USA was postponed until late July before being cancelled for the year.
August 24
21:49
2020
The drop in fastener exports was mainly due to the spread of the virus in North America, which is the largest export destination for Taiwan's fasteners, Fastener World reports.
August 24
21:16
2020
Online versions of the China Fastener Show and Zhejiang Haiyan Online Export Fair were inaugurated during August 2020, Fastener & Fixing announced.
August 24
20:48
2020
The show sponsor, Taiwan External Development Council (TAITRA), cited travel restrictions imposed to prevent the spread of the Covid-19 pandemic for the rescheduling.
August 24
20:25
2020
The virtual sessions “will span five days, with two hours each day spread out over a two-week period.”
August 24
20:15
2020
Crescent Manufacturing began in 1960 in a two-car garage in Southington, CT, with three employees.
August 24
18:22
2020
Brikksen Stainless Steel Fasteners moved its headquarters to expand space for inventory and streamlining internal operations. Brikksen also launched a mini VLOG series on its YouTube channel, Stainless Spotlight. Brikksen...
July 28
20:28
2020
This is the first time since IFE was founded in 1981 as the National Industrial Fastener Show & Conference in Columbus, OH, that the trade show has been cancelled.
July 28
19:45
2020
After tumbling 30.3% in the opening quarter of 2020, the FIN Fastener Stock Index rebounded in the second quarter, achieving a 26.7% gain during the period compared to a 19.6% gain by an index of related industrial stocks during the first full quarter of the pandemic.
July 28
19:16
2020
“Not only are we overwhelmed and terrified, but based on the numbers for the rest of the country, it’s only going to get worse for us.”
July 28
18:40
2020
“Due to the State of California's shutdown on July 13,2020, reverting back to Phase 1 with no reopening date on the horizon, this unfortunate and unforeseeable circumstance is forcing STAFDA to cancel its November 8-10 convention in Anaheim.”
July 28
16:49
2020
“Sales trends were better than seasonally expected for a majority of respondents, the first time that has occurred since January,” R.W. Baird analyst David Manthey wrote.
