Global Fastener News

HEADLINES

‘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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Economist Predicts ‘Soft’ Post-Covid Let-Down

June 27
13:02 2023
    Economist Predicts ‘Soft’ Post-Covid Let-Down

“Lose the losers,” economist Patrick Lucas advised National Fastener Distributors Association members.

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Sales Drag FDI To 3rd Straight Decline

June 27
12:15 2023
    Sales Drag FDI To 3rd Straight Decline

“Mixed economic signals continued to push and pull our business,” one respondent said.

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Fastenal Fastener Sales Decline 1st Time in 2 Years

June 27
12:13 2023
    Fastenal Fastener Sales Decline 1st Time in 2 Years

The drop in May ended a 27-month stretch of fastener revenue growth for the Minnesota-based industrial bellwether.

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China’s Fastener Industry Uses Smart Manufacturing

June 27
11:39 2023
    China’s Fastener Industry Uses Smart Manufacturing

An industrial internet platform has been set up to offer digital factory solutions for fastener manufacturers.

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AFC Industries Acquires WDS

June 27
11:31 2023

Muscatine, IA-based White Distribution and Supply is AFC's sixth acquisition of 2023.

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Camcar Purchases Ttap Brand and Technology

June 27
11:29 2023
    Camcar Purchases Ttap Brand and Technology

Camcar partner Ttapdrive AS is the Norwegian company that created the Ttap brand of drive systems.

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Fasteners Inc. Merges with MI-Based OneMonroe

June 27
11:04 2023
    Fasteners Inc. Merges with MI-Based OneMonroe

Founded in 1966 by John and Helen Walker, Denver-based Fasteners Inc. distributes the Huck Fastening System.

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Würth Reports Record Sales

May 29
23:13 2023
    Würth Reports Record Sales

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.

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