The European Fastener Distributor Association (EFDA) published “Securing the Future,” a sixteen-page insight into European fastener distribution in the 21st century.
You may think European rules don’t affect you, but “it is where your customers are selling into” that might draw you in.
The FINdex stall occurred primarily during the second quarter of 2017, when fastener stocks lost a collective 5.6% of value, compared to a 3% gain by an index of related industrial stocks.
“At some point in your career, you have to reinvent yourself,” Michael Simpson advised the Women in the Fastener Industry.
Wage inflation, reduced productivity and quality problems are what is going to happen if the fastener industry fails to train replacements for retiring Baby Boomers, Phil Johnson, CEO of ContMidGroup, told the Fastener Industry Summit.
Despite uncertainties with the Trump Administration, the good news is that “manufacturing is a popular word again,” the Industrial Fastener Institute’s lobbyist told the Fastener Industry Summit.
Global industrial fastener demand will grow 3% in 2017, a Freedonia Group researcher told the Fastener Industry Summit.
Fastener activity (imports and exports) in China increased 1.6% to 274,200 tons in April, while the value dropped 1.8% to $657 million, according to ChinaFastener.com. Exports from China totaled 248,639
Most publicly-traded companies with fastener businesses achieved sales and profit growth in 2016, driven by strength in aerospace and automotive markets.
The latest issue of FIN is now available online. Read about the latest acquisitions changing the industry. Discover which fastener company is setting up in Silicon Valley. And learn how fastener stocks performed in the opening months of 2017.
TR Fastenings Norway, part of Trifast PLC, will supply rivets and tools for a Radar Imager for the new NASA Mars Exploration Rover, which launches in 2020.
Dejian Zeng spent 60-hour weeks screwing tiny fasteners into iPhone casings in China for about $450 a month.
“We just don’t know” how the new administration will handle the economy, economist Bill Strauss told the joint meeting of the Southeastern Fastener Association and Southwestern Fastener Association.
During Fastener Fair Stuttgart 2017, fastener leaders from the European Union expressed the need for global trade to be fair for everyone involved.
Panelists at the spring 2017 joint conference with the Southeastern Fastener Association and Southwestern Fastener Association in New Orleans say they are still cold calling.
In conjunction with 2017 Fastener Fair Stuttgart, NFDA toured the Würth Industrie Service GmbH & Co. facilities in Bad Mergentheim, Germany.
“The favorable location and preferential policies of Liaoning, one of China’s northeastern rust belt provinces, offered many development opportunities for investors,” said Larry Stevens, CEO of Wurth China.
There were 895 exhibiting companies from 46 countries at biennial trade show last month in Germany.
After posting a 20% increase in 2016, the FIN Fastener Stock Index rose only 9.1% in the opening quarter of 2017, compared to an 5.1% gain by an index of related industrial stocks during the period.
Senate resolution honors 16 million women who worked or volunteered for the U.S. war effort, including many who toiled for the American Red Cross, hospitals, rationing boards and other non-factory settings.