Global Fastener News

NEWS BRIEFS

Fastener Sales Decline at Chicago Rivet

May 09
11:57 2019

“We have experienced increases in steel prices and other materials over the past year that have negatively impacted our gross margins and remain a concern as further increases are expected.”

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OBITUARY: James Thomas “Jim” Pokracki

May 08
10:13 2019
    OBITUARY: James Thomas “Jim” Pokracki

In 1988 he started working at Construction Tool &Threading Company of Southern California and five years later he purchased the nuts and bolts manufacturer. He sold the company to Industrial Threaded Products in 2019.

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Mid Continent Exempt From Wire Tariffs

May 06
16:16 2019

Prior to the impositions of the tariffs on June 1, 2018, the Missouri-based nail manufacturer had 500 employees, but went to less than 300 because it lost some 60% of business.

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Fastener Tech Hotel Deadlines Approaching

May 06
16:11 2019

Fastener Tech will be June 4-5, 2019, at the Stephens Convention Center in Rosemont, IL, near Chicago’s O’Hare International Airport.

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After Lull, FDI Accelerates in April

May 06
16:10 2019
    After Lull, FDI Accelerates in April

“Sales trends rebounded nicely from weak March trends, which saw a contractionary sales reading,” according to R.W. Baird analyst David Manthey.

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PennEngineering Named Supplier of Year For Continental Brake Systems China

May 01
11:54 2019

PennAuto has supplied fasteners and precision components globally to the Chassis and Safety Systems division of Continental China since 2009.

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TriMas Fastener Sales Improve

April 30
20:12 2019

Segment operating profit rose 25% due to improved production efficiencies and a more favorable product sales mix.

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John Deere Honors Assembled Products

April 29
22:22 2019

The honor recognizes product and service quality and commitment to continuous improvement.

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Arconic Fastener Sales Grow

April 29
16:42 2019

Organic fastener segment revenue grew 7%, driven by aero engine and defense growth.

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Report: China Fastener Exports Jump

April 29
16:14 2019

During the first three months of 2019, China fastener exports gained 4.5%, with the export value up 12.8%, according to ChinaFastener.Info.

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NEFDA Inducts Donahue, Cleary Into HoF

April 28
22:59 2019

Founded in 1979, the NEFDA is currently led by president Michael Lentini of Spirol International Corp. and chair Dan Bielefield of Smith Associates Inc.

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ITW Fastener Sales Decline

April 26
14:01 2019

Revenues, operating income and margin all down in the opening quarter of 2019.

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EFC International Redesigns Website

April 25
14:48 2019

“The website showcases a fresh look and improved functionality with an easy to navigate design,” the company stated.

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Stanley Black & Decker Fastener Sales Fall

April 25
10:56 2019

The company said automotive light vehicle production declines and lower system shipments more than offset continued fastener penetration gains.

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Nucor Fastener Segment Sales Drop

April 24
11:32 2019

“Our plate, bar, and structural mills were strong contributors in the first quarter, and several of our downstream businesses also increased earnings as compared to the year ago period,” said CEO John Ferriola.

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Grainger Sales & Margins Grow

April 23
11:32 2019

“While our sales performance was softer than expected, largely due to a weaker demand environment, our SG&A leverage helped drive strong earnings growth in the quarter,” stated CEO DG Macpherson.

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AZZ Inc. Acquires 2 Metal Coaters

April 21
18:44 2019

AZZ Metal Coatings is a global provider of metal coating services, welding solutions, specialty electrical equipment and engineered services.

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Fastenal Fastener Sales At 12% Growth

April 17
21:40 2019

Daily sales of fastener products increased to 13.5% in March, compared to a 12.4% rate of growth in March 2018.

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Fastener Fair USA Discount Deadline April 26

April 17
18:40 2019

The second U.S. version of the global series of trade shows will be May 22-23 at the Cobo Center in Detroit.

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After Declines, FDI Stabilizes in March

April 17
18:36 2019
    After Declines, FDI Stabilizes in March

“We continue to believe stabilization or further moderation in the FDI is likely,” writes R.W. Baird analyst David Manthey.

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