CEO Mark Belton estimated the global chip shortage cost the company around £4m in lost sales, but he remains confident of the sector’s future growth prospects, particularly in EVs.
NEWS BRIEFS
November 24
02:23
2021
Equipment includes: Hot headers, thread rollers, hot presses, CNC turning centers, CNC machine center, grinders, furnaces, mills and lathes.
November 18
00:18
2021
The second Fastener Fair USA was held in Detroit in 2019. The 2020 trade show was scheduled for Charlotte, NC, but ultimately canceled due to the Covid-19 pandemic.
November 17
15:29
2021
The one-week 2022 University of Innovative Distribution will be March 21-24 in Indianapolis.
November 17
11:23
2021
Baron Yarborough of Spring Bolt & Nut Manufacturing is the 2022 chairman, succeeding Jake Davis of BTM Mfg.
November 16
11:49
2021
“On the employee side we are finding more people coming in to apply for open positions vs September and before,” one respondent noted.
November 12
13:26
2021
Allan Guthrie, director of strategic sourcing at DXP of Omaha, NE, succeeds Brian Gersten of On Time Supply Inc. of Suffern, NY, who takes the past president role.
November 11
14:59
2021
Fastenal Co. reported fastener sales continued to climb in October, rising 23.2% during the month compared to a 4.7% decline during October 2020.
November 09
12:24
2021
Two months after the manufacturers’ warning, the JLC Live Show in New England was canceled due to the ‘new’ flu called COVID 19.
November 09
11:24
2021
Founded in 1948, Wrentham has been an affiliate of Phillips Screw Co. since 2004.
November 04
12:00
2021
“The leading indicators for air travel remain encouraging, particularly for domestic travel. We expect revenue growth to continue in the fourth quarter 2021, and carry into 2022 and beyond,” stated CEO John Plant.
November 04
11:00
2021
Ramco Specialties Inc. added two six-station parts formers with 30mm and 48mm capabilities.
November 04
10:30
2021
Pawelzig succeeds Jutta Leib, who retired after 30 years – including 20 as managing director.
November 02
11:40
2021
Established in 1951, ASC Industries is a full-line stocking distributor of aerospace fasteners, fittings, and hardware from its 50,000 sq ft facility in Arlington, TX.
October 28
12:59
2021
“Strong general industrial growth was offset by market-driven aerospace declines and lower automotive OEM production resulting from the global semiconductor shortage.”
October 27
13:29
2021
Ramsey, MN-based B&F Fastener Supply acquired Mid States Specialty Sales in Moline, IL, according to Industrial Distribution.
October 26
11:25
2021
“Our customers are adopting a more cautious stance in regard to their inventory levels given tightening labor and supply chain conditions and the potential impact on the building industry,” stated CEO Karen Colonias.
October 25
15:45
2021
Clay Weaver of Industrial Threaded Products was elected 2021-22 president of the Pacific-West Fastener Association and Jo Morris of Desert Distribution is vice president.
October 21
12:30
2021
Facility is Bodycote’s second new site in North America in the past year, following its December 2020 opening of a facility in Elgin, IL.
October 21
11:23
2021
Century Fasteners Corp. CEO George Stieglitz, 90, died recently.
