Global Fastener News

HEADLINES

China Trade Truce Freezes U.S. Fastener Tariffs Until 2020

February 04
09:31 2020
    China Trade Truce Freezes U.S. Fastener Tariffs Until 2020

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.

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Industrial Fasteners Market At $104b By 2026

February 04
08:57 2020
    Industrial Fasteners Market At $104b By 2026

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.

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Fastener Suppliers Caught 
In Boeing 737 MAX Web

February 04
07:15 2020
    Fastener Suppliers Caught 
In Boeing 737 MAX Web

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.

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TriMas To Acquire RSA Engineered

February 04
06:59 2020
    TriMas To Acquire RSA Engineered

RSA Engineered Products manufactures air ducting products, connectors and related components for air management systems for aerospace and defense applications.

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Bossard Completes Torp Fasteners Acquisition

February 04
06:54 2020
    Bossard Completes Torp Fasteners Acquisition

Bossard has held a 60% stake in the Oslo, Norway-based specialty fastener supplier since January 2015.

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Nimbus To Acquire Dresselhaus

February 04
06:08 2020
    Nimbus To Acquire Dresselhaus

Headquartered in Herford, Germany, Dresselhaus supplies fasteners and fastening technology for the automotive, agricultural machine construction, mechanical and plant engineering industries.

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Foreign Fastener Shows Monitoring Coronavirus

February 04
04:11 2020

“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.

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Buddenbohn, Nolan, Gilchrist & Hunt Join Fastener Fair USA Advisory Board

February 04
03:45 2020
    Buddenbohn, Nolan, Gilchrist & Hunt Join Fastener Fair USA Advisory Board

The 2020 Fastener Fair USA includes a three-track conference program on Monday plus technical sessions on the floor on products and processes.

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DLP Coatings’ Kushnir Heads WIFI for 2020

February 04
02:02 2020

Morr and Morak are vice presidents.

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Simpson, McCaffrey Head FTI for 2020

February 04
01:09 2020

Gene Simpson of Semblex Corporation is the 2020 president of the Fastener Training Institute and Chris McCaffrey of R&D Fasteners is vice president.

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Washer Importer Loses AD Duty Appeal

February 04
01:00 2020
    Washer Importer Loses AD Duty Appeal

The U.S. has imposed antidumping duties on certain Chinese helical spring lock washers since 1993.

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SHORTTAKES: Mowins, NEFCO, Optimas Solutions and Phillips Screw

February 04
00:10 2020

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...

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Son Succeeds Computer Insights’ Cowhey

February 04
00:01 2020
    Son Succeeds Computer Insights’ Cowhey

At under $100,000, Dennis R. Cowhey saw the new mini computers as “affordable” for small businesses in the 1970s.

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Report: U.S. Fastener Tariff Hikes Cancelled

January 06
08:35 2020
    Report: U.S. Fastener Tariff Hikes Cancelled

Tariffs were set to increase to 30% from 25% on the goods, including bolts, screws and other fasteners manufactured in China.

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FINdex Gains Outpace Related Industrial Stocks in ’19

January 06
07:44 2020
    FINdex Gains Outpace Related Industrial Stocks in ’19

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.

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All-West Demonstrates How to Move A Distributorship

January 06
06:07 2020
    All-West Demonstrates How to Move A Distributorship

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.

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Fastener Fair France Expanding Aerospace Sector

January 06
04:36 2020

Global aerospace fasteners market projected to increase CAGR 7.6% until 2024.

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China Increasing Air Quality Regs For Industry

January 06
03:31 2020
    China Increasing Air Quality Regs For Industry

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.

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Howmet Aerospace To Emerge in Q2 2020

January 06
02:46 2020

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.

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PennEngineering Acquires Tokyo-Based Eurotec Ltd.

January 06
02:03 2020
    PennEngineering Acquires Tokyo-Based Eurotec Ltd.

The acquisition will provide the Japanese market with permanent access to PennEngineering's PEM and PROFIL fasteners and installation equipment, the company stated.

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