Global Fastener News

HEADLINES

Fastener Sales Increase At Fastenal

September 22
01:21 2020

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.

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Taiwan Fastener Companies Seek Tailored Steel Pricing To Remain Competitive

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. 

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SHORTTAKES: Bolts & Nuts Corp., Brighton-Best, Bulten, Cold Forging Solutions, Earnest Machine Products, Mid-West Fastener Association, Screwfix and Würth Industry Canada

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...

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ARaymond Closing Ohio Plant

August 24
23:40 2020
    ARaymond Closing Ohio Plant

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.

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REPORT: PCC Cuts 10,000 Jobs

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.

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Brico Marking 50th Anniversary

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."

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Advance Components Distributes Face Mask Straps

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.

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After June Gains, FDI Moderates in July

August 24
22:18 2020

Strong sales, distributor inventories and pricing meet lower employment and customer inventories.

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Fastener Fair USA Rescheduled for 4th Time

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.

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Taiwan First-Half Fastener Exports Decline

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.

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China Holds Online Fastener Show

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.

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Taiwan Show Postponed to 2021

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.

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IFI To Zoom Autumn Meeting

August 24
20:25 2020

The virtual sessions “will span five days, with two hours each day spread out over a two-week period.”

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Crescent Mfg. Marks 60 Years

August 24
20:15 2020

Crescent Manufacturing began in 1960 in a two-car garage in Southington, CT, with three employees.

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SHORTTAKES: Brikksen Stainless Steel Fasteners, Century Fasteners Corp., Earnest Machine, Field, Glebar, Jergens, Marposs Monitoring Solutions, ND Industries and R&R Engineering

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...

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IFE in Las Vegas Cancelled

July 28
20:28 2020
    IFE in Las Vegas Cancelled

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.

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FINdex Rebounds Amid COVID-19

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.

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REPORT: “Las Vegas’ Reopening Backfires Terribly”

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.”

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STAFDA Cancels November 2020 Anaheim Convention

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.”

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FDI Returns To Growth In June

July 28
16:49 2020
    FDI Returns To Growth In June

“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.

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