CEO Mark Belton estimated the global chip shortage cost the company around £4m in lost sales, but he remains confident of the sector’s future growth prospects, particularly in EVs.
November 24
02:23
2021
Equipment includes: Hot headers, thread rollers, hot presses, CNC turning centers, CNC machine center, grinders, furnaces, mills and lathes.
November 23
00:39
2021
“2022 is going to mirror 2021 from a supply point of view,” Michael Selman, sales rep for Beta Steel, Beneke Wire and Monarch Metals, told the National Fastener Distributors Association.
November 20
21:10
2021
The European Commission signaled its intention to apply definitive antidumping duties of up to 89.8% on imports of certain iron or steel fasteners from China, Fastener + Fixing Magazine reports.
November 18
11:17
2021
The agreement broadens the Additive Group’s ability to support production-level additive manufacturing through Rapid Shape’s automated functions.
November 18
00:18
2021
The second Fastener Fair USA was held in Detroit in 2019. The 2020 trade show was scheduled for Charlotte, NC, but ultimately canceled due to the Covid-19 pandemic.
November 17
15:29
2021
The one-week 2022 University of Innovative Distribution will be March 21-24 in Indianapolis.
November 17
11:23
2021
Baron Yarborough of Spring Bolt & Nut Manufacturing is the 2022 chairman, succeeding Jake Davis of BTM Mfg.
November 16
11:49
2021
“On the employee side we are finding more people coming in to apply for open positions vs September and before,” one respondent noted.
November 15
11:48
2021
The pandemic “exposed us to a lot of new product categories and items to sell, giving our members new ways to sustain their business through these troubled times,” stated Specialty Tools & Fasteners Distributors Association president Brian Gersten.
November 12
13:26
2021
Allan Guthrie, director of strategic sourcing at DXP of Omaha, NE, succeeds Brian Gersten of On Time Supply Inc. of Suffern, NY, who takes the past president role.
November 11
14:59
2021
Fastenal Co. reported fastener sales continued to climb in October, rising 23.2% during the month compared to a 4.7% decline during October 2020.
November 09
23:49
2021
The U.S. and European Union have agreed to end a dispute over U.S. steel and aluminum tariffs imposed in 2018, averting a spike in EU retaliatory tariffs, Reuters reports.
November 09
22:43
2021
Founded in 1983 by the late Doug Adams, EFC is a global supplier of specialty engineered metal and plastic fasteners and other component parts to OEMs and distributors.
November 09
21:37
2021
“Relief will not be until 2023, at best,” panelist Danielle Riggs told the joint conference of the Southwestern Fastener Association and Pacific-West Fastener Association.
November 09
20:35
2021
Taiwan fastener exports to the U.S. rose 19.6% to 348,811 kg in the first half of 2021 despite strong headwinds from global shipping bottlenecks, Fastener World reports.
November 09
12:24
2021
Two months after the manufacturers’ warning, the JLC Live Show in New England was canceled due to the ‘new’ flu called COVID 19.
November 09
12:16
2021
“Zoom, teams, FaceTime and videos all became new must-haves for communication and “became the preferred methods to communicate,” Aerosmith Fastenings Systems president Dan Kudlak declared to the Specialty Tools & Fasteners Distributors Association.
November 09
11:24
2021
Founded in 1948, Wrentham has been an affiliate of Phillips Screw Co. since 2004.
November 04
16:32
2021
Expect 6% growth in the final quarter of 2021, with unemployment below 5%, Dr. Christopher Thornberg of Beacon Economics LLC predicted. And the economy will be hot for the next few years.
