Phase one deal leaves 25% tariffs on bolts, screws and other fasteners manufactured in China, as well as 15% tariffs on all iron and steel nuts.
HEADLINES
In terms of commodity, the screws segment is anticipated to gain the largest share, with total value at $21.3 billion at a CAGR of 1.6%, according to Transparency Market Research.
Stanley Black & Decker has agreed to acquire Consolidated Aerospace Manufacturing (CAM) for as much as $1.5 billion cash, but the deal is contingent on the Boeing 737 MAX returning to service.
RSA Engineered Products manufactures air ducting products, connectors and related components for air management systems for aerospace and defense applications.
Bossard has held a 60% stake in the Oslo, Norway-based specialty fastener supplier since January 2015.
Headquartered in Herford, Germany, Dresselhaus supplies fasteners and fastening technology for the automotive, agricultural machine construction, mechanical and plant engineering industries.
“We are keeping a close eye on the situation and my director has confirmed with our headquarters that all shows are going forward as scheduled,” Emma Engelbrecht said of the Taiwan International Fastener Show.
The 2020 Fastener Fair USA includes a three-track conference program on Monday plus technical sessions on the floor on products and processes.
Morr and Morak are vice presidents.
Gene Simpson of Semblex Corporation is the 2020 president of the Fastener Training Institute and Chris McCaffrey of R&D Fasteners is vice president.
The U.S. has imposed antidumping duties on certain Chinese helical spring lock washers since 1993.
Mike Mowins is president/owner of Vetted Tech Inc., according to his LinkedIn account. Vetted Tech is a service disabled veteran owned small business doing additive manufacturing of metal and polymer...
At under $100,000, Dennis R. Cowhey saw the new mini computers as “affordable” for small businesses in the 1970s.
Tariffs were set to increase to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China.
The FIN Fastener Stock Index gained 33.7% in 2019, besting a 24.4% increase by an index of related industrial stocks. EACO (Bisco Industries) achieved the highest percentage gain, improving 84% during the year.
Once All-West Components & Fasteners Inc. was having to unload pallets in the conference room, the need to move became obvious. CFO Bobby Thompson began what turned out to be a year of scouting for a new office / warehouse combination.
Global aerospace fasteners market projected to increase CAGR 7.6% until 2024.
Southern California-based Ship & Shore, an environmental pollution abatement and energy solutions firm, opened a manufacturing facility in Shanghai. Ship & Shore has a variety of fastener-related customers in the U.S., including J&M Plating, Michigan Metals and Rightway Fasteners.
Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, is on track to separate its portfolio businesses by the second quarter of 2020.
The acquisition will provide the Japanese market with permanent access to PennEngineering's PEM and PROFIL fasteners and installation equipment, the company stated.