Nancy Rich started in the fastener industry with Cronin Fasteners before joining the Chicago Bolt, Nut & Screw Association, which became the Mid-West Fastener Association in 2004.
HEADLINES
January 31
23:19
2023
The FIN Fastener Stock Index lost 11.5% in 2022, besting a 15.5% decline by an index of related industrial stocks.
January 31
22:09
2023
The price of wire rod – including low carbon, medium-to-high carbon, cold forged and low alloy – most relevant to fastener manufacturers will be reduced by NT$1,500 (US$48.7) per metric ton, Fastener World magazine reported.
January 31
21:46
2023
Renewable energy made inroads in the fastener industry in 2022 as EV and hybrid automotive sales in the U.S. nearly doubled. Such strong market growth caught the eye of prominent fastener manufacturers looking to capitalize on the trend.
January 31
19:21
2023
Fasteners experienced margin pressure during the period as deflating steel and transportation costs prompted customers to seek price reductions.
January 31
19:16
2023
Alloy Wire Int’l named Tom Mander as managing director, succeeding Mark Venables, who becomes chairman. Mander has been with AWI for 17 years. AWI also announced Bill Graham retired as...
December 20
16:24
2022
Bossard aims to unlock additional growth in this strategic market in the industrial epicenter of Canada.
December 20
15:49
2022
“Overall, November marked a return to improving market conditions after mostly deteriorating conditions throughout the late summer/early fall,” wrote R.W. Baird analyst David Manthey (CFA) with Quinn Fredrickson (CFA).
December 20
14:46
2022
During the first nine months of 2022, fastener sales at the Minnesota-based manufacturer and distributor increased 18.2% to $614.5 million.
November 28
23:27
2022
Factors leading to a depression include a worldwide aging population driving up healthcare costs, with rising interest rates increasing costs as central governments continue spending patterns.
November 28
23:20
2022
Wilson: It is “clear our industry was ready to be back in person and reconnect with each other.”
November 28
20:51
2022
Nucor is the first major industrial company to join the global effort, which aims to accelerate the decarbonization of the world's electricity systems to mitigate climate change.
November 28
19:38
2022
AFC CEO Kevin Godin said Champion Bolt “has demonstrated a long-term commitment to providing excellent service to customers and deepens several unique capabilities for the AFC platform.”
October 25
23:54
2022
The FIN Fastener Stock Index declined 3.5% in the third quarter of 2022, besting a 5.8% drop by an index of related industrial stocks during a quarter when the market plunged on recession fears.
October 25
23:31
2022
Tuffy started in fasteners at age 16 in the warehouse packing nuts and bolts; Harms’ experience is with supply chains.
October 25
22:42
2022
The first keynote speaker at an International Fastener Expo cited eliminating second shift as an example of the people-focused future of distributors.
October 25
20:43
2022
Just 9% of respondents anticipate activity levels will be higher six months from now. Conversely, 43% expect lower activity levels after two years of double-digit gains.
September 27
22:34
2022
The externally threaded fasteners segment has the highest share, with a revenue of $42.9 billion in 2021 and expected to reach $63.7 billion by 2030 at a CAGR of 5%.
September 27
21:47
2022
Ask questions and then “ask a few extra questions of your customer,” Rich Pease of RK Precision Products advised a Mid-West Fastener Association conference session.
September 27
20:54
2022
Ask people consistently “What do you like about working here?” and “What don’t you like?” Eric Chester told the Pacific-West Fastener Association. “Give them a chance to talk.”
