4/16/2010 NEWS BRIEFS Jump in U.S. Business Spurs Grainger Profit Grainger reported first quarter sales rose 14% to $1.7 billion, while net earnings increased 3% to $99. Earnings per share...
NEWS BRIEFS
April 15
00:00
2010
4/15/2010 NEWS BRIEFS Fabrico Targets Metal Fastener Alternatives Materials converter Fabrico announced a focused initiative in bonding, joining, and sealing applications. “Through engineered materials and packaged adhesives, Fabrico offers its...
April 15
00:00
2010
4/15/2010 NEWS BRIEFS Beaulieu at NFDA on Recession: “It’s over.” Economist Brian Beaulieu of the Institute for Trend Research Economist Brian Beaulieu of the Institute for Trend Research told the...
April 15
00:00
2010
4/16/2010 NEWS BRIEFS MSC Industrial Exceeds Earnings Forecast Earnings at MSC Industrial Direct are expected to exceed analyst estimates in the current quarter. In the last five quarters, MSM has...
April 13
00:00
2010
4/13/2010 NEWS BRIEFS Alcoa Fastener Segment Achieves Strong ATOI Despite Slower Sales Strong productivity gains and modest end-market improvement helped Alcoa’s Engineered Products segment, including fasteners, achieve a 42% sequential...
April 13
00:00
2010
4/13/2010 Number of Wire Exhibitors Increase at 2010 Düsseldorf Show – Overall Space Down; Fastener Manufacturing Exhibitors Total 147 Companies The total number of wire-related exhibiting companies rose 8% to...
April 13
00:00
2010
4/13/2010 NEWS BRIEFS Activant Launches Distribution Blog Activant Solutions created its own blog, http://activantwdn.blogspot.com/. The first entry focuses on “Lean for Wholesale Distribution,” written by Kevin Roach. “We will post...
April 13
00:00
2010
4/14/2010 NEWS BRIEFS OEM Orders Boost Fastenal Sales The Fastenal Co. reported first quarter sales rose 6.4% to $520.8 million, boosted by a 15.7% jump in sales to OEMs. Q1...
April 13
00:00
2010
4/15/2010 NEWS BRIEFS More Steel Hikes Announced For the fourth time in five months, China’s Wuhan Iron and Steel Co. hikes its prices by as much as 500 yuan (US$73.25)...
April 12
00:00
2010
4/12/2010 NEWS BRIEFS Taiwan’s China Steel Hikes June Prices In a move predicted by steel analysts, Taiwan’s China Steel Corp. announced across-the-board domestic price hikes averaging 10%, or NT$2,212 per...
April 12
00:00
2010
4/12/2010 SFA Elects Chambers, Longyear & Carr; Honors Rodriguez Mary Chambers, John Longyear and Don Carr were elected to three-year terms on the Southwestern Fastener Association board. Chambers, of Assembly...
April 09
00:00
2010
4/9/2010 NEWS BRIEFS Quality Manager Wanted – See Classifieds Automotive Fastener Distributor located in a Western Chicago suburb has an immediate opening for a Quality Manager. Candidate must have a...
April 09
00:00
2010
4/9/2010 NEWS BRIEFS Star Fasteners Founders Retiring Star Fasteners founders Bob and Mary Starbuck are retiring, the Ilkeston Advertiser reports. The couple built UK-based Star Fasteners from a small home...
April 09
00:00
2010
4/9/2010 NEWS BRIEFS MSC Industrial Direct Sees “Improved” Performance With Better Days Ahead MSC Industrial Direct reported net sales rose 12.4% to $395.5 million in the second quarter of fiscal...
April 09
00:00
2010
4/10/2010 NEWS BRIEFS Investors Flock to Fastenal Fastenal shares traded near a new 52-week high, topping $52.60 before settling at $51.15. Shares of Fastenal have jumped 15% since March 2,...
April 08
00:00
2010
4/8/2010 NEWS BRIEFS Kerr Lakeside Adds Reid to Sales Team Kerr Lakeside Inc. added Chuck Reid to its outside sales force. Reid has 30 years of sales experience in the...
April 08
00:00
2010
4/8/2010 NEWS BRIEFS Eastgate Technology Acquires Sin Hong Eastgate Technology acquired fastener supplier and investment holding firm Sin Hong for S$18 million (US$12.91 million) cash, ChannelNewsAsia.com reports. While its principal...
April 07
00:00
2010
4/7/2010 NEWS BRIEFS Reid Supply Grew in Downturn Through Diversification Reid Supply Co. said it achieved “positive growth” during the recession through a “multi-pronged approach.” “From the very beginning, our...
April 06
00:00
2010
4/6/2010 NEWS BRIEFS Intercorp Names New Marketing Director Specialty fastener supplier Intercorp appointed David Harlan as its new marketing director. Harlan will handle the company’s flagship brand, Strong-Point. “David has...
April 05
00:00
2010
4/5/2010 China, Peru Reducing Tariffs China and Peru have established a “Free Trade Area” and will begin reducing 90% of product tariffs to zero. China is the second largest trade...
