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home : news briefs (click for more) September 06, 2010

Chinese Fastener Exports Jump As Prices Drop
While strong, those figures reportedly remain below export figures for 2008.
Friday, September 03, 2010

Utah Screw Manufacturer Buys HS Fasteners
"Both companies have a well-established reputation in the industry and we feel our offerings are a natural fit," said a company executive.
Friday, September 03, 2010
Simpson Mfg. Completes Dura-Vent Deal
Dura-Vent designs, engineers and manufactures venting systems for gas and wood burning appliances.
Friday, September 03, 2010
Hand Amputation Leads OSHA To Fine Alabama Fastener Plant $2 Million
"This employer knowingly exposed these workers to serious injuries," said Assistant Secretary of Labor for OSHA David Michaels.
Thursday, September 02, 2010
Lawson Products Sells Assembly Component Systems
ACS is a provider of supply chain management solutions for a range of fasteners and components to durable goods manufacturers throughout North America.
Thursday, September 02, 2010
Fires Prompt Ferrari To Replace 458 Fender Adhesive with Rivets
A faulty adhesive that reportedly caused Ferrari's new 458 Italia model to spontaneously catch fire has prompted the Italian carmaker to issue a recall on more than 1,200 of the luxury sport cars.
Wednesday, September 01, 2010
What's Weighing Down Transpacific Shipping Rates?
Rates to all 15 key markets served by lines from Shanghai reportedly fell in August, even as the height of the peak season approached.
Wednesday, September 01, 2010
Wire Producers to Hold Government Day in D.C.
Congressman to speak to AWPA
Wednesday, September 01, 2010
China Steel Cuts Wire Rod Prices Amid Overcapacity
Crude steel production jumped 28% in the first half of 2009, while demand grew at a more modest pace of 10.7%.
Tuesday, August 31, 2010
Elgin Fastener Group Names New Quality VP
New vice president to handle all quality-related functions at each division, including Black Belt training and implementation of Lean Manufacturing processes.
Tuesday, August 31, 2010
Industrial Nut Co. Celebrates 102 Years
Industrial Nut was founded in 1908 as Brightman Hammered Nut & Manufacturing Co., which made special machinery and nuts in Sandusky, OH.
Tuesday, August 31, 2010
Distributor Markets "Buy American" History
"The debate over whether to 'Buy American' can be said to date back to the Boston Tea Party."
Monday, August 30, 2010
Surface Finishing Show to Co-Locate with Fastener Tech 11
June 13-13, 2011, Chicago events include seminars, trade show.
Monday, August 30, 2010
Judge Denies Fastenal Motion to Dismiss Multi-Million Dollar Lawsuit
Judge denied Fastenal's motion to dismiss B&B Hardware's lawsuit accusing Fastenal of violating an exclusivity contract dating back to 1999.
Monday, August 30, 2010
Esparza Now Sourcing for Active Screw
Action Threaded Acquisition Expands Illinois-based Distributor
Saturday, August 28, 2010
General Fasteners' Displaced Workers Eligible for Federal TAA Program
Aid available for Richmond, Indiana workers losing jobs due to imports or out-of-country production shift.
Friday, August 27, 2010
Economic Treaty Expanding Philippines Fastener Factories for Taiwan Companies
Taiwan MT-Tek investing $12 million in first year
Friday, August 27, 2010
Partial Wire Fastener Assemblies Prompt $24 million American Airlines Fine
The FAA said fasteners holding wires together were improperly spaced, though sometimes by a few centimeters.
Friday, August 27, 2010
China Steelmakers Hike September Prices
End users are operating with not very big inventories, but traders are more active in rebuilding stocks.
Thursday, August 26, 2010
Acument Names TORX Quality Award Winners
Acument Global Technologies named 13 fastener manufacturers and five drive tool producers.
Thursday, August 26, 2010
Big Red Fasteners Repeats on INC.'s 5,000 List
For the second straight year, Oklahoma-based Big Red Fasteners was named to Inc. magazine's list of the 5,000 fastest growing private U.S. companies.
Thursday, August 26, 2010
EFC Looking to Expand into Military and Aerospace Markets
"EFC has a strong track record of business growth...  and will substantially strengthen this trend through the acquisition of a current Aerospace Distributor," stated CEO Doug Adams.
Wednesday, August 25, 2010
Downsized Western Tool Exits Chapter 11
Once 59 stores, the fastener, hand & power tool company now has 20 in five states.
Wednesday, August 25, 2010
Trifast Eyes Demand in Asia and U.S.
Key operational targets for year 2010/11 include vendor development, internal warehousing, logistics and freight, transactional sales within the UK and Europe.
Tuesday, August 24, 2010
Nucor Fastener Appeals Moving Forward
The company's trade dispute with Asian fastener producers continues to make its way through the U.S. Court of International Trade. A date has been set for oral argument in one appeal, while briefs continue to be filed in the other.
Monday, August 23, 2010
Sundram Fasteners Gears Up for Expansion
Sundram chairman Suresh Krishna said his company has set aside Rs 150 crore for expansion in the coming year.
Monday, August 23, 2010
Lucas and McGuire Start Importing Service
Distributor-only model "will 'pull' an aggregate of high-volume, commodity fasteners for procurement overseas by its members," as well as offer freight discounts and yearly rebates.
Friday, August 20, 2010
Aerospace Fastener Workers Get Chance to Use F-35 Simulator
About the size of a small car, the simulator has realistic cockpit and video screens to depict what a real pilot would experience, including flying at more than the speed of sound.
Friday, August 20, 2010
Cable Tie Express Names Johnson Agency
Johnson to Rep in 6 Eastern States
Friday, August 20, 2010
Fastener Company Accused of Involvement in Apple Kickback Case
The company was one of at least six named in the computer giant's civil lawsuit against a former global supply manager accused of accepting kickbacks in exchange for inside information.
Thursday, August 19, 2010
Modern Plating Receives GM Certification
Approved for GMW4700 zinc nickel finishes.
Thursday, August 19, 2010
Missing Fasteners On Military Aircraft Prompt 'Executive Level' Plant Review
Officials said that fasteners missing from wing installations didn't create "immediate safety-of-flight concerns" and no aircraft required grounding for maintenance.
"A comprehensive engineering analysis concluded that the components missing fasteners had substantial margins-of-safety and determined future repair thresholds."

KVT Koening Relocating North American Headquarters
Madison, CT-based firm supplies high-end sealing plugs and fasteners for the aerospace, automotive, machinery, electronics and construction industries.
Wednesday, August 18, 2010
Fastenal Targets Supply Business To U.S. Troops in Combat
Fastenal had to create a new process channel from its Minnesota headquarters to meet the packaging, RFID labeling and testing standards required for this area of the military. But the payoffs could be worth the effort.
"The federal government is the largest potential customer in the country," a company official stated.

Tuesday, August 17, 2010
Stanley Black & Decker Upgraded to 'Outperform'
"We believe Stanley Black & Decker embarks on a growth strategy of shifting its business portfolio toward favored growth markets through acquisitions and divestiture."
Tuesday, August 17, 2010
ITW Fastener Sales on the Rise
Overall ITW revenue improved 16%, including a 13% boost in organic sales.
Tuesday, August 17, 2010


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