One of the most significant impacts on fastener distributors involves a delayed clause in the act, according to a Pac-West panel.
HEADLINES
September 22
06:03
2020
“After two consecutive months of fairly sharp improvements in the FDI, naturally the rate of improvement stalled some in August,” R.W. Baird analyst David Manthey wrote.
September 22
04:16
2020
Duties continue on certain carbon steel screws from China and Taiwan “used to mechanically join two or more elements,” Fastener World reports.
September 22
02:51
2020
Partsmaster offerings include Dyna Systems domestic premium bolts, general Grade 8 and Grade 5 bolts, and stainless steel and metric fasteners.
September 22
02:27
2020
Brighton, MI-based C & B Machinery will operate as a separate entity with its own staff and facility.
September 22
02:04
2020
Brunswick, OH-based Master Distribution supplies channel and pipe fittings as well as related fasteners and accessories such as nuts, clamps, screws, washers, bolts, brackets and post bases.
September 22
01:56
2020
MW Industries parent company American Securities LLC is acquiring NN Inc.’s Life Sciences division and combining it with the Rosemont, IL-based fastener manufacturer.
September 22
01:21
2020
The decline in fastener sales that began in March due to the pandemic slowed in July, with sales down only 7.5% compared to an 11.4% decrease the previous month.
September 22
00:35
2020
Taiwan's China Steel Corp (CSC) hiked fourth-quarter steel prices by NTD 500-1,000 per ton for each type of steel, up an average of 3.36% - the largest single-quarter increase over the last two and a half years, Fastener World reports.
September 22
00:08
2020
Bolts & Nuts Corp. changed its named and rebranded as Stock’d Supply following several recent acquisitions, investment in technology, and an expanded products and services offering. “We want our customers...
August 24
23:40
2020
Metal work done at the Brunswick plant, which employs 53 people, will be transferred to facilities in Logansport, IN, and Hamilton, Ontario, while the plant’s plastic operations will be transferred to a company facility in Rochester Hills, MI.
August 24
23:27
2020
Aerospace fastener and components supplier Precision Castparts Corp. cut one third of its global workforce in the first half of 2020 “as orders for its aerospace components evaporated,” the Oregonian reports.
August 24
23:01
2020
A two-man distributorship opened in a 3,500 sq ft warehouse on November 1, 1970, in Rosemont, IL. Thus was the start of "The Bright Name in Fasteners."
August 24
22:55
2020
Advance Components has begun stocking and distributing a new kind of fastener that addresses the discomfort associated with face masks.
August 24
22:18
2020
Strong sales, distributor inventories and pricing meet lower employment and customer inventories.
August 24
22:01
2020
Originally scheduled in May 2020, as the Covid-19 pandemic grew Fastener Fair USA was postponed until late July before being cancelled for the year.
August 24
21:49
2020
The drop in fastener exports was mainly due to the spread of the virus in North America, which is the largest export destination for Taiwan's fasteners, Fastener World reports.
August 24
21:16
2020
Online versions of the China Fastener Show and Zhejiang Haiyan Online Export Fair were inaugurated during August 2020, Fastener & Fixing announced.
August 24
20:48
2020
The show sponsor, Taiwan External Development Council (TAITRA), cited travel restrictions imposed to prevent the spread of the Covid-19 pandemic for the rescheduling.
August 24
20:25
2020
The virtual sessions “will span five days, with two hours each day spread out over a two-week period.”
