Rich & Hunt were earlier named as Women in the Fastener Industry 2021 honorees.
HEADLINES
Three years after the U.S. placed 25% tariffs on $300 billion in Chinese goods, including fasteners, importers and customers continue to pay more for products, with little relief in sight.
“At a time when customers want components faster than ever before, businesses need to be able to quickly source a variety of parts from a single provider,” stated MW CEO Simon Newman.
“While past commentary focused on freight delays, container shortages, and shortages of imported material, labor seemed to be the biggest irritant this month, cited by nearly all respondents,” writes R.W. Baird analyst David Manthey.
The European Commission signaled its intention to apply definitive antidumping duties of up to 89.8% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.
The U.S. and European Union have agreed to end a dispute over U.S. steel and aluminum tariffs imposed in 2018, averting a spike in EU retaliatory tariffs, Reuters reports.
Founded in 1983 by the late Doug Adams, EFC is a global supplier of specialty engineered metal and plastic fasteners and other component parts to OEMs and distributors.
“Relief will not be until 2023, at best,” panelist Danielle Riggs told the joint conference of the Southwestern Fastener Association and Pacific-West Fastener Association.
Taiwan fastener exports to the U.S. rose 19.6% to 348,811 kg in the first half of 2021 despite strong headwinds from global shipping bottlenecks, Fastener World reports.
Attendee traffic may have been thin, but fewer exhibitors helped the 40th International Fastener Expo in Las Vegas feel less empty.
Twice a manufacturer's rep, Rick Rudolph has been a manufacturer and distributor too.
O’Keefe, Hearn, Boyd & Rittner offer HR tips to the National Fastener Distributors Association.
Declining Fastener Distributor Index in August reflects “lower employment levels and a softer seasonally adjusted sales index,” according to R.W. Baird analyst David Manthey.
The Covid-19 pandemic has been postponing or canceling fastener events since March 2020, but multiple trade shows remain on the docket for late 2021.
Fastener manufacturers’ organization marks 90th anniversary in 2021.
An average General Motors electric vehicle has about 6.16% fewer fasteners than the traditional internal combustion engine car.
Continued supply chain disruptions and spiking demand muted the FIN Fastener Stock Index in the second quarter of 2021 even as the U.S. economy made strides to fully reopen.
The Chun Zu and Formax cold headers will increase production by more than 3 million additional complex parts per month, allow Optimas to further focus on industries that require large diameter complex parts.
Taiwan-based Sheh Fung Screws announced that its first wave of price increases resulting from higher wire rod prices quoted by upstream suppliers has begun to pay off, Fastener World reports.
The combined company will continue to operate Vertex, Houston WIre's fastener redistribution business.