Global Fastener News

HEADLINES

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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Economist to Pac-West: ‘Great Money’ in Next Years

May 29
22:56 2023
    Economist to Pac-West: ‘Great Money’ in Next Years

“There are no major structural imbalances in the economy,” Dr. Chris Thornberg declared. “Everybody has cash on hand.”

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AFC Industries M&A String Continues

May 29
21:11 2023
    AFC Industries M&A String Continues

“We have wanted Fastbolt as part of the AFC family for several years,” stated AFC Industries CEO Kevin Godin.

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Bill Derry Marks 50 Years in Fasteners

May 29
18:26 2023
    Bill Derry Marks 50 Years in Fasteners

“Bill Derry lends the strategic direction that has played a significant role in Field’s 19% year-over-year growth for the past 30 years.”

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FINdex Rebounds As Global Supply Chains Improve

April 27
23:13 2023
    FINdex Rebounds As Global Supply Chains Improve

The FIN Fastener Stock Index jumped 17% in the opening quarter of 2023, topping a 3.5% gain by an index of related industrial stocks as global supply chains recover.

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NFDA Honors Vertullo As Fastener Pro of 2023

April 27
22:57 2023
    NFDA Honors Vertullo As Fastener Pro of 2023

In nominating Vertullo, fastener veteran John Butler cited “his years of devotion to the fastener industry through education, tribal knowledge, and generosity of time and materials.”

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REPORT: Bolt Torque Issues Force Boeing Changes

April 27
22:35 2023
    REPORT: Bolt Torque Issues Force Boeing Changes

Boeing recently found improperly torqued bolts in new-build 737 Max jets, indicating a quality problem similar to one revealed by the Federal Aviation Administration (FAA) on 23 March, FlightGlobal reports.

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Fastener Fair Global Drew 11,000 Visitors

April 08
20:12 2023

Fastener Fair Global 2023 welcomed around 1,000 exhibitors from 46 countries to Stuttgart, Germany, filling halls 1, 3, 5 and 7 of the exhibition venue.

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Steel Import Tariff Appeal Declined by Supreme Court

March 28
23:49 2023
    Steel Import Tariff Appeal Declined by Supreme Court

In March 2018, former President Donald Trump ordered a 25% tariff on steel imports from most nations and a 10% tariff on aluminum imports - a policy largely maintained by President Joe Biden.

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Taiwan Fastener Exports Set Records in 2022

March 28
22:32 2023
    Taiwan Fastener Exports Set Records in 2022

Though the tonnage was down 0.7% from 2021, Taiwan’s transformation to higher-value-added products yielded higher total value.

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Fastener Failure Led to Dumped Oil in Gulf of Mexico

March 28
21:35 2023
    Fastener Failure Led to Dumped Oil in Gulf of Mexico

The fractured studs were composed of a corrosion-resistant nickel-based alloy susceptible to hydrogen embrittlement in subsea environments, according to the Bureau of Safety and Environmental Enforcement.

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Simpson, Curtis Lead IFI for 2023-24

March 28
20:32 2023
    Simpson, Curtis Lead IFI for 2023-24

Gene Simpson of Semblex Corp. is the new chairman of the Industrial Fasteners Institute and Dan Curtis of MacLean-Fogg Co. is vice chair for the 2023-24 term.

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SPIROL Acquires UK-based Ford Aerospace Ltd.

March 28
19:47 2023
    SPIROL Acquires UK-based Ford Aerospace Ltd.

Founded in 1910, Ford Aerospace manufactures high precision metal components and sub-assemblies for the aerospace, industrial and high-tech sectors.

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U.S. Court Upholds Higher Steel Tariffs

February 28
15:41 2023
    U.S. Court Upholds Higher Steel Tariffs

The Trump administration imposed the tariffs in 2018 to “close a loophole exploited by steel-derivatives importers,” Circuit Judge Richard Taranto wrote.

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Boeing 777: When Humans Replaced Robots

February 28
14:39 2023
    Boeing 777: When Humans Replaced Robots

“Robots working on the inside and outside of fuselage panels had difficulty moving in sync,” Air Traveller reports.  “This divergent dance caused ongoing production delays due to humans having to fix the machined mismatch, not to mention some jets rolling out with partly completed jobs.”

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Fasteners Deliver Profit For Public Companies

February 28
13:49 2023

Results from public companies with fastener businesses indicate that 2022 was a solid year for many, with more gains to come.

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