Third-quarter net earnings more than doubled, buoyed by U.S. tariffs on steel and aluminum.
October 22
01:39
2018
Fastenal warned that “challenges remain from inflationary pressures and new tariffs on Chinese-sourced goods.”
October 22
01:34
2018
Increased sales “due to increased demand from the largest U.S. electric vehicle manufacturer” (Tesla).
October 22
01:09
2018
Volume and price increased partially offset by a decline from foreign exchange and the impact of hurricanes.
October 22
00:26
2018
Industrial Threaded Products promoted Clay Weaver to COO. Weaver joined ITP 15 years ago and has 30 years of fastener experience – including as purchasing manager and director. Annie...
October 21
14:27
2018
The next Fastener Fair Italy will be November 11-12, 2020, at Fiera Milano City.
October 18
10:26
2018
New PEM PreTect thread masking plugs from PennEngineering “will protect internal threads of self-clinching nuts and standoffs during paint and powder coating processes.”
October 17
11:14
2018
The Kanebridge executive said he decided to join a group of people with Covenant House “in an attempt to experience what many of our homeless youths experience every night, 12 months a year.”
October 16
11:09
2018
The biennial Wire trade show in Germany has long dominated the fastener machinery exhibitions. Wire Düsseldorf noted passenger cars contain more than 1,000 screw connections – 300 of them in the combustion engine – and some 1,000 springs.
October 12
10:29
2018
Back in the early days of XL Screw, communication with overseas suppliers was with teletype machines, unreliable phone service plus multiple stop, smoke-filled flights to Japan. Reflecting on the changes in his 46 years at XL, Bob Sachs cited increased efficiency through technology.
October 09
15:09
2018
The Kanebridge executive said he decided to join a group of people with Covenant House “in an attempt to experience what many of our homeless youths experience every night, 12 months a year.”
October 09
13:27
2018
Norm Fasteners, which supplies fasteners for Tesla’s new Model 3 as well as parts for John Deere, will open a distribution center in Lansing that will create between 15 to 20 jobs, according to the Lansing State Journal.
October 09
00:28
2018
Media Spotlight: “We make fasteners and machines. We build machines that use our own rivets. The machine segment is about 20% of our business,” Mike Sweitzer told the Altoona Mirror.
October 07
23:27
2018
Michigan-based distributor with seven locations now led by Somers brothers.
October 04
17:41
2018
Two-thirds would encourage people to pursue manufacturing careers. Half think of manufacturing as high-tech.
October 04
16:16
2018
Modern system allows an extremely high productivity while maintaining high process quality. Furthermore, no building works are required for factory placement.
October 03
11:34
2018
Decorah, IA, plant expansion reportedly will increase the size of the building by 9% for product inventory.
October 01
14:20
2018
Founded in 1979 by Ron Futrell, son Garrett Futrell took full ownership of Industrial Threaded Products this year.
October 01
14:18
2018
Founded in 1979 by Ron Futrell, son Garrett Futrell took full ownership of Industrial Threaded Products this year.
September 26
16:30
2018
“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” CEO James Hackett said at a Bloomberg conference in New York. “The irony of which is we source most of that in the U.S. today anyway. If it goes on any longer, it will do more damage.”
