Malaysia-based fastener manufacturer cites Vietnam's cheap labor and training costs.
Componentes Innovadores, Innovative Components Inc.'s fully owned Costa Rican factory, has achieved certification of the new ISO 9001:2015 standard.
Outgoing board member Jennifer Sturm was on inaugural Fastener Training Institute board.
Manufacturing manager Al Shannon said the new equipment “opens up additional opportunities, enabling us to bring more drilling services in-house and allows us to take on higher volume runs of up to one million pieces.”
Higher prices and a ‘burdensome’ exclusion process fuel uncertainty, according to the Industrial Fasteners Institute's Washington representative Jennifer Baker Reid.
Even Great Britain’s ‘Brexit’ has not dampened manufacturing, veteran fastener editor tells Fastener Fair USA conference.
Q1 was “a period when investors experienced a dizzying series of record highs, followed by a dramatic collapse and the return of long-dormant volatility,” according to MarketWatch.
The Commerce Department determined that exporters from Italy, Korea, Spain, Turkey, and the UK are dumping carbon and alloy steel wire rod in the U.S.
Founded in 1986 by Terry Delia, Branam supplies fasteners to OEM and distribution markets in the U.S.
Elyria, OH-based Nelson Fastener Systems manufactures fasteners for the aerospace, automotive, construction, energy, industrial, marine and military markets.
TR adds established stainless steel fastener supplier to increase global product range and growth.
“In particular, we would like to clarify that the bolts in the power steering component affected by a recall were not supplied by Bossard.”
“We know how important commitment and planning is to the fastener industry and this move enables us to produce the largest marketplace gathering for the 38th and 39th year in a row,” said Karalynn Sprouse, executive VP of Emerald Expositions.
As the inaugural show opened in Cleveland, show management announced that the next Fastener Fair USA will be held May 22-23, 2019, at the Cobo Center in Detroit.
The 37th annual Mid-West Fastener Association table top show will be June 4, 2018.
Arconic Fastening Systems plans a $45 million upgrade of its plant in Waco, TX, the Waco Tribune-Herald reports. “The Waco...
“Business with the largest US electric vehicle manufacturer (Tesla) was less dynamic in the first quarter,” Bossard stated. “In spite of higher production volumes, sales remained at the previous year’s level, mainly due to a change in product mix.”
Overall net sales increased 13.2% to $1.18 billion in the first quarter of 2018, driven by higher unit sales.
Commentary on market conditions was mixed, with some respondents commenting on the current strong demand environment and others expressing concerns around the recently announced steel tariffs.
Employees who consider themselves “entitled” don’t innovate, Beveridge tells the National Fastener Distributors Association. Entitled employees feel they are owed vs. they need to earn, they are static rather than growing and seek to preserve vs. transform.

