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Global Fastener News

HEADLINES

Fire Guts SPS Aerospace Fastener Factory

February 27
20:26 2025
    Fire Guts SPS Aerospace Fastener Factory

As roughly 100 firefighters battled the explosive blaze, officials closed schools and ordered residents within a mile radius to shelter-in-place.

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Trump Doubles Blanket China Tariff

February 27
19:06 2025
    Trump Doubles Blanket China Tariff

A new 10% tax on all imports from China, together with the 10% duty ordered in February, will bring the total import fee on some Chinese goods to 45%.

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U.S. Tariffs Hiking Fastener Prices

February 27
18:07 2025
    U.S. Tariffs Hiking Fastener Prices

Fastener companies have begun raising prices to offset costs from President Donald Trump’s upcoming 232 tariffs on steel and aluminum.

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SPS Fire Could Slow Boeing 737 MAX Production

February 27
16:41 2025
    SPS Fire Could Slow Boeing 737 MAX Production

Fire that gutted SPS Technologies' fastener factory north of Philadelphia caught the attention of top-tier aerospace, Aviation Week reports.

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FINdex Grows Double-Digits

January 23
23:31 2025
    FINdex Grows Double-Digits

Two FIN Fastener Stock Index companies more than doubled their share value during 2024.

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BBI Names Execs While Marking 100 Years

January 23
22:23 2025
    BBI Names Execs While Marking 100 Years

“These promotions reflect BBI’s commitment to growth and specialization within our key divisions,” stated PR Director Rosa Hearn.

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Trump Says Tariffs Coming Feb. 1

January 23
22:14 2025
    Trump Says Tariffs Coming Feb. 1

President Donald Trump intends to place 25% tariffs on Canada and Mexico, and 10% tariffs on China, the Associated Press reports.

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Fastenal Fastener Sales Fall in 2024

January 23
21:34 2025
    Fastenal Fastener Sales Fall in 2024

Fastenal Co. fastener sales declined in 2024, with higher fastener container costs in the final quarter causing product margin pressure.

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Majority of Fastener Distributors Support Tariffs

December 26
23:53 2024
    Majority of Fastener Distributors Support Tariffs

A majority of distributors (56%) responding to a Fastener Distributor Index survey signaled support for U.S. President-elect Donald Trump’s pledge to impose broad tariffs.

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Norm Fasteners Delays U.S. EV Bolt Plant

December 26
22:05 2024
    Norm Fasteners Delays U.S. EV Bolt Plant

“They have described just a rapidly changing global manufacturing environment, and that they are having to be very nimble about their decision making.”

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Taiwan Fastener Industry Eyes India for Growth

December 26
20:08 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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Reinhold Würth Warns of Lower Profit

December 26
18:10 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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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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Endries Int’l Acquires Assembly Fasteners

November 26
11:50 2024
    Endries Int’l Acquires Assembly Fasteners

Deal for Apopka, FL-based AFI strengthens Endries' presence in Florida, North Carolina, Georgia, Tennessee, and Texas.

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EC Probing Headless Screws

October 25
14:45 2024
    EC Probing Headless Screws

Anti-dumping probe scrutinizing Chinese screws and bolts, whether or not with their nuts and washers, without heads.

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FINdex Rebounds in 3rd Quarter

October 25
13:35 2024
    FINdex Rebounds in 3rd Quarter

The FIN Fastener Stock Index recovered in the third quarter of 2024 as “production at U.S. factories surged in August amid a rebound in motor vehicle output.”

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Fastenal Fastener Sales Slip in September

October 25
10:31 2024
    Fastenal Fastener Sales Slip in September

By end market, overall sales to heavy manufacturing customers improved 1%, while sales to all other manufacturing customers increased 7.5%.

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