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Global Fastener News

HEADLINES

PERSPECTIVE: New Jet Cuts Fasteners 90%

August 09
00:00 2009

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...

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CLASSIFIED: IFI Technical Service for Non-IFI Companies

August 04
00:00 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...

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Derry New NFDA Vice President

August 04
00:00 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...

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China Files WTO Complaint Against EU Screw Tariffs

August 04
00:00 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...

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PERSPECTIVE: Chinese Fastener Makers Worry Over U.S. Tariff Potential

August 04
00:00 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...

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China Steel, Baosteel Hiking Prices

August 04
00:00 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...

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EU Approves Duty on Chinese Wire Rod

August 04
00:00 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...

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Stainless Fastener Producers Allege Dumping from India and Malaysia

August 04
00:00 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...

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ACQUISITION: Canada’s Interfast to Acquire UK’s Burwood

August 04
00:00 2009
    ACQUISITION: Canada’s Interfast to Acquire UK’s Burwood

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...

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ACQUISITION: Senco Emerges From Chapter 11

August 04
00:00 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,...

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Rudolph, Ferenchick Lead NEFDA

August 04
00:00 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....

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STOCKS: ITW Transportation Fastener Sales Down

August 04
00:00 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...

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STOCKS: B/E Aerospace Fastener Sales Decline

August 04
00:00 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...

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STOCKS: Fastener Margins Rise at Precision Castparts

August 04
00:00 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,...

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STOCKS: Fastener Sales Fall at Black & Decker

August 04
00:00 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...

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STOCKS: Anixter North American Fastener 
Segment Sales Edge Up

August 04
00:00 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...

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STOCKS: Vertex Distribution Q2 Sales Announced

August 04
00:00 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...

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STOCKS: MRO Fastener Sales Do Better for Lawson Products

August 04
00:00 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...

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SHOW NEWS: NIFS/West, Fastener & Wire Korea

August 04
00:00 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...

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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

August 04
00:00 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...

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