The seasonally adjusted Forward Looking Index “suggests the recovery may be short lived, with the index coming in at just 47.4 as employment softened, customer inventories crept up and the six-month outlook was less positive.
HEADLINES
August 29
23:17
2022
As geopolitical tensions rise between the U.S. and China over the fate of Taiwan, GlobalFastenerNews.com examines a list of top fastener companies on the island.
August 29
22:08
2022
“No one wants to get their hands dirty. No one wants to work in a warehouse 80 hours a week.”
August 29
21:26
2022
Fasteners played a prominent role in the development of the composite Dreamliner as supply disruptions and improper installation plagued its test aircraft fleet.
August 29
20:14
2022
Exhibits up from 2021 for the October 17-19, 2022, trade show at Mandalay Bay in Las Vegas, but not yet back to pre-Covid levels.
July 26
23:11
2022
The FIN Fastener Stock Index declined 13.4% in the second quarter of 2022, besting a 14.1% drop by an index of related industrial stocks during a quarter of market volatility and ongoing supply disruptions.
July 26
22:29
2022
Shipping has improved but Star Stainless Screw president Tim Roberto said “ports can’t handle” the shipping as is and “any little bump down the road” creates larger problems.
July 26
21:39
2022
“Demand remains strong for now but softening ahead seems to be the consensus,” according to R.W. Baird analyst David Manthey.
July 26
20:12
2022
“We at ITR Economics don’t see a recession coming,” economist Lauren Saidel-Baker told the National Fastener Distributors Association. There may be a “soft landing” from today’s strong economy, but not a recession.
June 21
23:13
2022
Facing the highest price hikes in 40 years, President Joe Biden is deciding whether to roll back some of the tariffs imposed on Chinese goods, including fasteners, in 2018, according to senior administration officials.
June 21
22:55
2022
The Vogelsang name entered the North American fastener industry in 1972 distributing Rollpins made in Europe by Joerg Vogelsang.
June 21
22:01
2022
Three Derrys have been president of the National Fastener Distributors Association since Jim Derry and Bill Derry acquired Field Fastener in 1990 from Dick Field.
June 21
21:57
2022
Founded in 1984, Store Room provides VMI, sub-assemblies and kitting and has been ISO 9001 accredited for 14 years.
June 21
20:58
2022
The sales index declined, with participants attributing lower revenues to “difficulties getting overseas containers/materials into ports amid further slowdowns from China.”
June 21
19:00
2022
Birmingham Fastener promoted Rodney Holmes from sales manager to VP of sales. Holmes, who has 17 years fastener sales experience, will oversee sales of 10 companies nationwide. Founded in 1980,...
May 17
21:49
2022
Magnolia, TX-based Champion Sales & Mfg. produces mechanical joint, push-on and other gaskets for the waterworks industry.
May 17
20:58
2022
The business was “his thing,” and Doug Berry’s daughters had followed their own paths until 2006.
May 17
20:19
2022
Traditional internal combustion vehicles still dominate, but BloombergNEF predicts electric vehicles will total 70% of the U.S. light vehicle market by 2040.
May 17
19:56
2022
A general market slowdown, limited material availability for specialty fasteners, lower “panic buying” and Spring Break-related softness weighed on fastener sales growth last month, according to R.W. Baird analyst David Manthey.
May 17
18:57
2022
Publicly-traded fastener companies reported fluctuating sales driven by varying market conditions.
