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Sales Flat, Profit Soars at Chicago Rivet

March 29
17:01 2023

The Illinois fastener manufacturer reported fastener sales to automotive customers rose 5%, while fastener sales to non-automotive customers dropped 3.4%.

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Shannon Precision Fastener Opens Facility

March 29
00:58 2023
    Shannon Precision Fastener Opens Facility

The 170,000 sq ft manufacturing facility is adjacent to the 71,000 sq ft distribution center the automotive fastener manufacturer opened in 2017.

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Steel Import Tariff Appeal Declined by Supreme Court

March 28
23:49 2023
    Steel Import Tariff Appeal Declined by Supreme Court

In March 2018, former President Donald Trump ordered a 25% tariff on steel imports from most nations and a 10% tariff on aluminum imports - a policy largely maintained by President Joe Biden.

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Taiwan Fastener Exports Set Records in 2022

March 28
22:32 2023
    Taiwan Fastener Exports Set Records in 2022

Though the tonnage was down 0.7% from 2021, Taiwan’s transformation to higher-value-added products yielded higher total value.

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Fastener Failure Led to Dumped Oil in Gulf of Mexico

March 28
21:35 2023
    Fastener Failure Led to Dumped Oil in Gulf of Mexico

The fractured studs were composed of a corrosion-resistant nickel-based alloy susceptible to hydrogen embrittlement in subsea environments, according to the Bureau of Safety and Environmental Enforcement.

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Simpson, Curtis Lead IFI for 2023-24

March 28
20:32 2023
    Simpson, Curtis Lead IFI for 2023-24

Gene Simpson of Semblex Corp. is the new chairman of the Industrial Fasteners Institute and Dan Curtis of MacLean-Fogg Co. is vice chair for the 2023-24 term.

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SPIROL Acquires UK-based Ford Aerospace Ltd.

March 28
19:47 2023
    SPIROL Acquires UK-based Ford Aerospace Ltd.

Founded in 1910, Ford Aerospace manufactures high precision metal components and sub-assemblies for the aerospace, industrial and high-tech sectors.

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Taiwan ’22 Fastener Exports Set Records

March 27
01:07 2023
    Taiwan ’22 Fastener Exports Set Records

While the tonnage was down 0.7% from 2021, Taiwan’s transformation to higher-value-added products yielded higher total value.

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Special Rivets Corp. Opens Thailand Plant

March 27
01:07 2023
    Special Rivets Corp. Opens Thailand Plant

New equipment will improve automation, quality and develop flexibility for small and diverse quantities.

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OBITUARY: Leslie Sieper

March 23
13:07 2023
    OBITUARY: Leslie Sieper

Sieper was the first woman president of the Metropolitan Fastener Distributors Association, serving from 1999-2002. In 2016, she was inducted in the inaugural class of the MFDA Hall of Fame.

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Fastener Failure Led to Dumped Oil in Gulf of Mexico

March 23
01:04 2023
    Fastener Failure Led to Dumped Oil in Gulf of Mexico

The fractured studs were composed of a corrosion-resistant nickel-based alloy susceptible to hydrogen embrittlement in subsea environments, according to the Bureau of Safety and Environmental Enforcement.

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TriMas Acquiring Weldmac Manufacturing

March 22
01:03 2023

El Cajon, CA-based Weldmac manufactures highly-engineered components for critical applications across the aerospace, defense, commercial power and space launch industries.

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Fastener Fair Global Opens in Stuttgart, Germany

March 21
16:35 2023
    Fastener Fair Global Opens in Stuttgart, Germany

Show organizers report 1,001 exhibiting companies from 46 countries. After becoming the world’s largest fastener show in 2009, the 9th edition of the exhibition has grown to a record 23,000 sq meters.

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Rosie the Riveter Celebrated

March 21
01:36 2023
    Rosie the Riveter Celebrated

“She’s one of the most iconic symbols of womanhood in history, right up there with the Venus de Milo and the Statue of Liberty,” according to Gillian Brockell of the Washington Post.

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Buddenbohn New SFA Director

March 21
01:24 2023

She succeeds Baron Yarborough of Champion Mfg., who was interim director.

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FTI Publisher Acquires American Fastener Journal

March 20
01:25 2023
    FTI Publisher Acquires American Fastener Journal

Chip Lippincott and Initial Publications, which publishes Fastener Technology International, purchased American Fastener Journal on March 1.

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Boeing’s ‘Bolt Box’ Helps Ensure Safety

March 16
23:16 2023
    Boeing’s ‘Bolt Box’ Helps Ensure Safety

Just north of Charleston, SC, in one of Boeing’s lightning labs, the Electromagnetic Effects (EME) team drives high levels of electrical current through aerospace components to mimic the effects lightning strikes can have on airplanes and study how the parts respond.

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Tramec Sloan Completes $1.7m Expansion

March 16
03:31 2023
    Tramec Sloan Completes $1.7m Expansion

New automation equipment from Italy replaces World War II-era machinery and allows the company to retain its current 107 employees.

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ZAGO Celebrates 30 Years & Being Woman-Owned

March 15
01:12 2023
    ZAGO Celebrates 30 Years & Being Woman-Owned

“March is Women’s History Month, and it is only fitting that we recognize the pivotal roles women play in shaping the manufacturing industry,” stated VP Jackie Luciano.

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February FDI Achieves Growth Mode

March 14
15:58 2023
    February FDI Achieves Growth Mode

The seasonally adjusted Fastener Distributor Index registered its first expansionary reading since November, improving to 51.6 in February. Participant commentary grew more optimistic, with some respondents seeing “some positive signs.”

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