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Tower Fasteners’ Mark Shannon Retires

December 22
23:41 2024
    Tower Fasteners’ Mark Shannon Retires

After 42 years, Mark Shannon has retired as President of a Tower Fasteners Co., an MSC company.

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Optimas Tops Sustainability Targets Early

December 20
11:51 2024
    Optimas Tops Sustainability Targets Early

Moving forward, Optimas Solutions will focus on scaling renewable energy use, electrifying heating systems, and engaging suppliers to ensure long-term decarbonization.

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Reinhold Würth Warns of Lower Profit

December 19
18:16 2024
    Reinhold Würth Warns of Lower Profit

Würth Group patriarch signaled a substantial profit decline amid tough EU economic conditions that trimmed revenue.

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Taiwan Fastener Industry Eyes India for Growth

December 18
23:31 2024
    Taiwan Fastener Industry Eyes India for Growth

As the world's most populous country urbanizes and industrializes, demand for automotive and industrial fasteners could double by 2030.

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TR Fastening Italy Installs Solar Panels

December 17
15:17 2024
    TR Fastening Italy Installs Solar Panels

On weekends, the cold forged fastener manufacturer can sell surplus energy back to the national grid, FAST reports.

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Industrial Threaded Products Names CFO

December 17
13:14 2024
    Industrial Threaded Products Names CFO

New executive holds an MBA from the University of California, Irvine.

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The Future of Space Fasteners

December 16
10:27 2024
    The Future of Space Fasteners

Laser welding collaboration between NASA and The Ohio State University aims to stimulate in-space manufacturing, which could eliminate the need to transport heavy fasteners for maintenance and repair.

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Bufab Acquires VITAL SpA

December 12
17:50 2024

Deal for C-parts distributor deepens Swedish fastener supplier's presence in Italy and southern Europe.

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AI Streamlines Cert Process

December 11
23:28 2024
    AI Streamlines Cert Process

AI-powered platform brings new visibility to fastener certificate management, ensuring certs stay attached to parts throughout the supply chain process.

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FDI Retrenches Despite Optimism

December 10
15:50 2024
    FDI Retrenches Despite Optimism

“Although some caution persists due to ongoing macroeconomic/inflation uncertainties, overall sentiment among participants leans cautiously optimistic,” noted R.W. Baird analyst David Manthey.

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OBITUARY: Ross Arthur Shepard

December 10
15:39 2024
    OBITUARY: Ross Arthur Shepard

Former Mid-West Fastener Association board member worked for years in sales at Morton Grove, IL-based Alfa Tools.

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Fastenal Fastener Sales Grow in November

December 05
11:47 2024
    Fastenal Fastener Sales Grow in November

Marks first time in 14 months that company has achieved year-over-year growth with its fastener products.

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Nedschroef Building 2nd Factory in Spain

December 04
11:26 2024
    Nedschroef Building 2nd Factory in Spain

Second automotive fastener factory in Tarragona, Spain, will leverage the fastener manufacturer's regional strengths.

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Southern Fasteners Hires Quality Manager

December 03
10:38 2024
    Southern Fasteners Hires Quality Manager

New QM has more than 30 years of experience and earned a BE in mechanical engineering from DeVry University.

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Allfast Streamlines Order Process

December 02
16:09 2024
    Allfast Streamlines Order Process

City of Industry, CA-based Allfast Fastening Systems used value stream mapping to reduce quote lead-time, provide real-time data, enhance consistency and improve customer service.

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STAFDA President: Housing Innovation Needed Again

November 27
14:55 2024
    STAFDA President: Housing Innovation Needed Again

“This business takes guts. It always has,” third-generation distributor Andrew Hartman told the Specialty Tools & Fasteners Distributors Association 2024 convention.

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Trump Pledges 25% Tariff on Mexico and Canada

November 26
22:47 2024
    Trump Pledges 25% Tariff on Mexico and Canada

U.S. President-elect Donald Trump pledged to impose a 25% tariff on all goods from Mexico and Canada on his first day in office.

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Portland Bolt Expands South Carolina Production

November 26
15:15 2024
    Portland Bolt Expands South Carolina Production

Oregon-based fastener manufacturer building a $4.3 million East Coast production facility expected to create 21 new jobs.

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Taiwan Fastener Exports Closing Gap with China

November 26
14:02 2024
    Taiwan Fastener Exports Closing Gap with China

Taiwanese fastener exports to the U.S. (its largest market) dipped a mere 0.31% in September, while fastener exports to Europe grew 14%, according to Fastener World.

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FDI Growth Slows in October

November 26
13:02 2024
    FDI Growth Slows in October

Despite moderation, the Fastener Distributor Index reading “still meaningfully marks the second highest monthly FDI reading in 2024.”

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