Fastenal reported fastener sales increased 1.6% in February, compared with a 1.3% rate of growth the previous month. Sales of other products grew 6.9%.
NFDA & Pac-West add panel to joint meeting to update members on status of imported fasteners from China.
“When you think of the process broadly as just one of many permanent mechanical fastening methods, you’ll find that the innovation abounds,” Orbitform sales VP Bryan Wright writes.
Kawasaki speaks about entrepreneurship, venture capital, marketing and business evangelism.
In February, the 2020 Taiwan International Fastener Show was postponed to October.
The market correction prompted by the outbreak of the coronavirus caused U.S. industrial stock indexes to lose 11.8% in value since February 21. In contrast, the FIN Fastener Stock Index faired better, losing only 9.8% of its value during the same period.
Founded in 1993, Florham Park, NJ-based Electro Hardware distributes fasteners, electronic hardware, fasteners and other products.
During the year, TriMas sold its fastener and sealing Lamons business for $135 million, reducing the company’s exposure to the oil and gas market.
Hassall is a 150-year manufacturer of rivets, pins, commercial and aerospace fasteners, and cold formed parts.
TriMas has agreed to acquire the Rapak brand, including certain bag-in-box product lines and assets from Liqui-Box.
“With the addition of Andy Roach and Tom Bello, our sales team possesses over 100 years' experience with non-threaded and engineered fasteners,” sales VP Dan Harriger noted.
“After comprehensive consideration of the new coronavirus epidemic, the organizer decided to extend the exhibition date,” according to the official statement.
Early on, founder Rich Kovach developed a business strategy of having product in stock.
The U.S. Department of Commerce announced affirmative final determinations in the antidumping and countervailing investigations of imports of carbon and alloy steel threaded rod from China and India.
The deal with Brea, CA-based Consolidated Aerospace Manufacturing LLC is contingent on the Boeing 737 MAX returning to service and on Boeing meeting certain production goals.
TriMas Aerospace’s Monogram Aerospace Fasteners and Allfast Fastening Systems operations were both awarded new supply contracts by Airbus, expanding the company’s engineered fastener sales in Europe.
About 53% of respondents saw sales growth above seasonal expectations, while 23% characterized sales as below seasonal expectations.
Earnest Machine closed National Threaded Fasteners’ facility in Perry, OH, on February 12 and will move the inventory and operations to its facilities in Indianapolis and Atlanta.
Arconic's Engineered Products and Forgings businesses (engine products, fastening systems, engineered structures and forged wheels) will be renamed Howmet Aerospace Inc. in April.
Barnes acquired the Germany-based fastener manufacturer in 2002 and incorporated it into Barnes’ Engineered Components business unit within the Industrial Segment.

