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SHOW NEWS: Wire Düsseldorf 2018 Launches Online Exhibit Space Marketing

February 13
15:04 2017
    SHOW NEWS: Wire Düsseldorf 2018 Launches Online Exhibit Space Marketing

The International Fastener Machinery & Suppliers Association meets in conjunction with Wire.

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SHORTTAKES: Acument, Beacon Fasteners, Continental Midland, Cable Tie Express, Distributor’s Link, Jergens, Knapp Fasteners, Semblex & Würth Adams

February 13
14:58 2017

SHORTTAKES Acument Global Technologies marked the first 50-years of its Continental Midland company as a Torx drive system licensee.  Continental Midland became a licensee in 1966 when the two companies...

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Fastener Stocks Outperform Dow Jones

February 13
14:12 2017
    Fastener Stocks Outperform Dow Jones

In the past two months, the Dow has gained about 10% in value. But fastener stocks have done better than that.

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FDI Declines in January Amid ‘Choppy’ Conditions

February 13
13:27 2017
    FDI Declines in January Amid ‘Choppy’ Conditions

“While industrial markets are showing encouraging signs of potential stabilization and increased optimism, the FDI indicates that current conditions remain choppy with relatively weak demand, competitive conditions, and pricing pressure continue to weigh on results before policy changes can be implemented,” noted R.W. Baird analyst David J. Manthey.

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SouthernCarlson Buys Air King Fastening

February 13
12:16 2017
    SouthernCarlson Buys Air King Fastening

Founded in 1995, Air King supplies screws, nails and staples, as well as nailers and industrial staplers.

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EU Seeks Defense Against Unfair Trade

February 13
10:47 2017
    EU Seeks Defense Against Unfair Trade

EU commissioner Cecilia Malmstrom “reiterated EU plans to introduce new ‘country neutral’ antidumping methodology,” Fastener + Fixing Magazine reported.

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Distributor’s Link Marks 40 Years

February 13
00:46 2017
    Distributor’s Link Marks 40 Years

Leo Coar was a manufacturers rep in 1977 when he saw a need for a magazine serving the fastener distributors. He recruited his sister-in-law MaryAnn Marzocchi of Southern Screw and together they published Distributor’s Link.

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Bulten Sales Strengthen In Q4

February 10
00:08 2017
    Bulten Sales Strengthen In Q4

"We advanced our position in technology for electric cars and hybrids," stated CEO Tommy Andersson.

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Prospecting Subject of SFA / SEFA Joint Conference

February 10
00:01 2017
    Prospecting Subject of SFA / SEFA Joint Conference

The two regional associations meet together April 19-21, 2017, in New Orleans.

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New Airbus Software Simulates Riveting

February 09
17:28 2017
    New Airbus Software Simulates Riveting

Speeding-up the airframe assembly process is important for Airbus, which has partnered with Polytech University in Saint Petersburg for more than a decade to help solve this issue.

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MacLean-Fogg Component Solutions Metform Division Named ‘Best’ Plant

February 09
11:10 2017
    MacLean-Fogg Component Solutions Metform Division Named ‘Best’ Plant

MacLean-Fogg announces IndustryWeek’s selection of the MacLean-Fogg Component Solutions’ Metform division, Savanna, IL, as one of the IndustryWeek Best Plants for 2016.

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Wesco Aircraft Sales & Profit Decline

February 09
00:01 2017
    Wesco Aircraft Sales & Profit Decline

Results were “negatively impacted by foreign currency translation, temporary disruptions to certain customers’ consumption patterns due to operational changes and extended site closures, and late production schedule revisions made by a major commercial OE customer,” stated CEO Dave Castagnola.

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Jergens Expands Shanghai Market

February 08
10:08 2017
    Jergens Expands Shanghai Market

Shafer: Business model expanded to provide access in China to U.S. mid-market manufacturers.

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Simpson Mfg. Sales & Profits Increase

February 07
10:58 2017
    Simpson Mfg. Sales & Profits Increase

Sales in North America grew 10% to $742 million in 2016, mostly due to increased unit sales volumes on improved economic activity as well as a slight increase in average net sales unit prices.

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Robots Aren’t Replacing Humans In Key Areas Of Manufacturing

February 07
10:25 2017
    Robots Aren’t Replacing Humans In Key Areas Of Manufacturing

While there are certainly highly repetitive jobs bots would perform more efficiently and economically, automating alone is not always the best path to higher productivity, Forbes reports.

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Fastenal Fastener Sales Drop in January

February 06
11:10 2017
    Fastenal Fastener Sales Drop in January

Overall January sales increased 9% to $336 million, with daily sales up 3.8% to $16 million.

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Carpenter Tech Buys Titanium Powder Co.

February 03
12:18 2017
    Carpenter Tech Buys Titanium Powder Co.

Puris produces titanium powder for additive manufacturing and advanced technology applications.

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Tomorrow’s Manufacturing Revolution

February 03
10:48 2017
    Tomorrow’s Manufacturing Revolution

Bioelectronics is as big a jump as ditching vacuum tubes, according to the Wall Street Journal.

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EU Stainless Steel Fastener Tariffs Expire

February 03
01:22 2017
    EU Stainless Steel Fastener Tariffs Expire

The European Commission confirmed the expiration of two regulations applying antidumping tariffs to certain stainless steel fasteners originating in China, Taiwan and the Philippines, Fastener + Fixing Magazine reports.

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FIC to Conduct Industry Summit June 7

February 03
00:01 2017
    FIC to Conduct Industry Summit June 7

The Fastener Industry Coalition will sponsor four sessions during its first Fastener Industry Summit following Fastener Tech 2017.

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