Global Fastener News

HEADLINES

Bossard Reports ‘Vigorous’ U.S. Sales

October 22
01:34 2018

Increased sales “due to increased demand from the largest U.S. electric vehicle manufacturer” (Tesla).

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Sales Up, Profit Down at Grainger

October 22
01:09 2018

Volume and price increased partially offset by a decline from foreign exchange and the impact of hurricanes.

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SHORTTAKES: Industrial Threaded Products, Kanebridge Corp., Mid-States Bolt & Screw, Norm Fasteners, Stanley Engineered Fastening and Würth Industry North America

October 22
00:26 2018

Industrial Threaded Products promoted Clay Weaver to COO. Weaver joined ITP 15 years ago and has 30 years of fastener experience – including as purchasing manager and director.   Annie...

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Trump Imposes Tariff on $200b of Chinese Goods, Including Fasteners

September 24
22:44 2018
    Trump Imposes Tariff on $200b of Chinese Goods, Including Fasteners

The additional tariffs take effect September 24, 2018, and initially will be in the amount of 10%. Starting January 1, 2019, the level of the additional tariffs will increase to 25%. 

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Lindstrom Acquires Stelfast

September 24
21:51 2018

Lindstrom’s Yeargin: The acquisition expands both Lindstrom’s “physical footprint and product offering” and Stelfast’s Simmi: “These two companies are uniquely suited to serve our customers” and “we are eager to demonstrate this to the market.”

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Taiwan Fastener Exports Set Records In H1

September 24
21:19 2018
    Taiwan Fastener Exports Set Records In H1

Taiwan fastener exports set records in export volume, price and value during the first half of 2018, ChinaFastener.Info reports. Fastener exports from Taiwan could see increased gains in the second half of 2018 if U.S. President Donald Trump applies additional tariffs of 10% on $200 billion worth of Chinese exports, including fasteners.

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Trump Tariffs Prompt Immediate Fastener Price Hikes

September 24
19:49 2018
    Trump Tariffs Prompt Immediate Fastener Price Hikes

“Section 301 tariffs act as a tax, and effective immediately, the replacement costs of all of BBI’s imports of affected items will have increased by 10%. As a result, we have increased our pricing respectively to absorb the cost increase,” Brighton-Best International stated in a letter to customers dated September 18.

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FDI Moderates in August

September 24
18:05 2018
    FDI Moderates in August

“The overall tone of qualitative commentary was again more cautious this month, with respondents expressing some tariff-related uncertainty, and the potential for a loss of momentum,” writes R.W. Baird analyst David Manthey.

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WIFI Honors Dukes, Chambers & Butler

September 24
17:43 2018

Sedwick and Keown win Women in the Fastener Industry scholarships.

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Ruetz Begins 5,000-Mile Fundraising Motorcycle Ride in Australia

September 24
16:57 2018
    Ruetz Begins 5,000-Mile Fundraising Motorcycle Ride in Australia

The All Integrated Solutions’ CEO’s first Cure Duchenne ride was in 2011 from his home in Wisconsin to Alaska.

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Ransomware Protection Requires Diverse Response

September 24
14:43 2018
    Ransomware Protection Requires Diverse Response

Ransomware works in two ways: either through email with “malicious intent,” or through web-based “infection,” Jeff White explained.

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STAFDA Tech Fair Adds Companies

September 24
13:11 2018

The Specialty Tools & Fasteners Distributors Association Tech Fair with 24 companies will be its largest – with six new participants. The October 28-30 trade show is expected to be 660 booths.

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Chester at Pac-West: U.S. Workers Have ‘Core Values Gap’

September 24
12:55 2018
    Chester at Pac-West: U.S. Workers Have ‘Core Values Gap’

“We don’t have a skills gap in America, we have a core values gap,” employment development author and speaker Eric Chester told the Pacific-West Fastener Association.

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SHORTTAKES: Abbot-Interfast, BBI, EFC Int’l, Lawson Products, SWD & Würth Des Moines Bolt

September 24
11:07 2018

Abbott-Interfast Corp. is marking its 70th anniversary. Since Martin “Marty” Binder opened the doors, Abbott has secured over 25 patents. Although best known for yellow nylon insert locknuts, in 2017...

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Obituary: John “Jack” Sullivan

September 24
05:12 2018
    Obituary: John “Jack” Sullivan

Sullivan spent many years promoting quality standards and technical issues as a member of the NFDA and NEFDA.

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Riggs: 232 Tariff Process is Like ‘Fox Guarding The Henhouse’

August 27
23:49 2018
    Riggs: 232 Tariff Process is Like ‘Fox Guarding The Henhouse’

“Normally you find your injury, you file a case with the World Trade Organization, and they investigate,” Riggs explained to attendees of Pac-West’s autumn meeting in Whitefish, MT. “Currently, we have skipped the WTO and done our own investigation.”

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PennEngineering Wins $14 Million Judgment

August 27
22:39 2018

Preliminary order had removed Guangdong-based Pinconn from 2017 Las Vegas expo.

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Chavis, Stanley Lead Pac-West

August 27
21:29 2018
    Chavis, Stanley Lead Pac-West

Kevin Chavis of Star Stainless Screw was re-elected president of the Pacific-West Fastener Association for a fourth term. Ron Stanley of Empire Bolt & Screw was elected vice president.

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What Exhibitors Want

August 27
20:03 2018
    What Exhibitors Want

Within the next year there are three North American trade shows for the fastener industry - plus regional table tops. FIN surveyed a variety of exhibitors at the International Fastener Expo, Fastener Fair USA and Fastener Tech.

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MW Industries Acquires Ameriflex

August 27
19:33 2018
    MW Industries Acquires Ameriflex

Founded in 1981, Corona, CA-based Ameriflex produces bellows, flexible metal hoses, and metal flanges used in the vacuum electronics industry.

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