7/14/2009 HEADLINES PERSPECTIVE: New Jet Cuts Fasteners 90% Heralded as “a new era of aircraft manufacturing technology and performance,” the U.S. Air Force and Lockheed Martin completed an initial test...
HEADLINES
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2009
8/4/2009 HEADLINES CLASSIFIED: IFI Technical Service for Non-IFI Companies For as little as $1,000 you can have online access to all IFI standards and direct access to Joe Greenslade and...
August 04
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2009
8/4/2009 HEADLINES Derry New NFDA Vice President Jim Derry of Field Fastener (photo courtesy of LINK magazine) Jim Derry of Field Fastener Supply Company returned to the National Fastener Distributors...
August 04
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2009
8/4/2009 HEADLINES China Files WTO Complaint Against EU Screw Tariffs China filed an official complaint with the World Trade Organization over fastener tariffs from the European Union, following through on...
August 04
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2009
8/4/2009 HEADLINES PERSPECTIVE: Chinese Fastener Makers Worry Over U.S. Tariff Potential Stung by European Union tariffs, fastener makers in China are eyeing offshore production to circumvent the 85% duties, Chinese...
August 04
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2009
8/4/2009 HEADLINES China Steel, Baosteel Hiking Prices China Steel of Taiwan plans to raise its domestic prices by more than 9% in September, spurred by increased demand, Reuters reports. The...
August 04
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2009
8/4/2009 HEADLINES EU Approves Duty on Chinese Wire Rod Foreign ministers from all 27 members of the European Union approved “definitive” antidumping duties of up to 24% on steel wire...
August 04
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2009
8/4/2009 HEADLINES Stainless Fastener Producers Allege Dumping from India and Malaysia The European Industrial Fasteners Institute (EIFI) lodged a complaint with the European Commission alleging dumping of stainless steel fasteners...
August 04
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2009
8/4/2009 HEADLINES ACQUISITION: Canada’s Interfast to Acquire UK’s Burwood Interfast General Manager Peter Oleck (photos courtesy of Interfast) Interfast headquarters in Toronto Interfast Inc. of Canada signed a letter of...
August 04
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2009
8/4/2009 HEADLINES ACQUISITION: Senco Emerges From Chapter 11 Chicago private equity firm Wynnchurch Capital completed its acquisition of Sencorp out of Chapter 11 bankruptcy reorganization, (see FIN 6/1/2009). The sale,...
August 04
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2009
8/4/2009 HEADLINES Rudolph, Ferenchick Lead NEFDA Rick Rudolph of Lehigh-Armstrong is the 2009-2010 chairman and Rick Ferenchick of Arnold Industries Inc. is president of the New England Fastener Distributors Association....
August 04
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2009
8/4/2009 HEADLINES STOCKS: ITW Transportation Fastener Sales Down Illinois Tool Works reported sales in its Transportation segment, including automotive fasteners, declined 20% to $502.3 million during the second quarter of...
August 04
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2009
8/4/2009 HEADLINES STOCKS: B/E Aerospace Fastener Sales Decline B/E Aerospace’s aerospace fastener business, B/E Aerospace Consumables Management, reported sales slid 30% to $196.6 million on a proforma basis. Q2 segment...
August 04
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2009
8/4/2009 HEADLINES STOCKS: Fastener Margins Rise at Precision Castparts Despite lower sales volume, Precision Castparts Corp. reported Fastener Products operating income rose 1.2% to $114 million, or 32.4% of sales,...
August 04
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2009
8/4/2009 HEADLINES STOCKS: Fastener Sales Fall at Black & Decker Black & Decker reported fastener sales decreased 32% to $124.8 million during the second quarter of 2009, while segment profit...
August 04
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2009
8/4/2009 HEADLINES STOCKS: Anixter North American Fastener Segment Sales Edge Up Anixter International reported sales at its North American OEM Supply segment, including fasteners, dropped 10% to $112.8 million during...
August 04
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2009
8/4/2009 HEADLINES STOCKS: Vertex Distribution Q2 Sales Announced Vertex Distribution parent company DXP Enterprises reported revenue, including fasteners, declined 23% to $144.4 million during the second quarter of 2009. Net...
August 04
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2009
8/4/2009 HEADLINES STOCKS: MRO Fastener Sales Do Better for Lawson Products Lawson Products reported second-quarter sales, including fasteners, decreased 25% to $95 million “as the economic recession continued to depress...
August 04
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2009
8/4/2009 HEADLINES SHOW NEWS: NIFS/West, Fastener & Wire Korea NIFS/West Early Bird Discount Deadline Ends August 30 The deadline for advance discounts for conference sessions and registration to visit exhibits...
August 04
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2009
8/4/2009 HEADLINES Shorttakes: Alcoa Fastening Systems, Bolt Products, Chicago Hardware, Darling Bolt, Gaffney Bolt, Henkel Corp., Metal Coatings Int’l, SPS Technologies, 3V Fasteners and Valley Bolt Alcoa and China truck...
