One distributor said they are “hearing about signs of a future downturn” but noted more stable backlog trends, while another predicted slightly slower sales this fall/winter due to an expected “mild recession.”
HEADLINES
June 10
06:14
2019
Insteel Industries Inc. CEO H.O. Woltz suggested changes to “obsolete” U.S. trade laws, including the “antique” definitions of steel production and downstream steel production.
June 10
05:18
2019
In light of the trade war between the U.S. and China, "it may be the best timing for Taiwanese fastener companies to enhance their order intake,” according to Fastener World.
June 10
04:56
2019
Founded in 1982, Oxford, MI-based Quality Fastener distributes industrial fasteners and ancillary products to blue-chip customers and local businesses.
June 10
04:56
2019
The IFE Hall of Fame and Young Fastener Professional awards are administered by an International Fastener Expo selection committee.
June 10
03:53
2019
The third Fastener Fair USA will be May 20-21, 2020, in Charlotte, NC.
June 10
02:07
2019
There were 987 exhibiting companies from 45 countries. That makes the number of exhibitors up about 10% and total exhibition space up about 5%.
June 10
00:33
2019
Among the changes during his Phillips tenure is the “emergence of ISO 9000 in it’s many forms – AS9100, QS9000, etc. – as the global standard for quality assurance.”
June 10
00:28
2019
Earnest Machine and Unbrako Socket Products announced their new alliance by giving out orange and blue socks with their logos at Fastener Fair USA. Earnest is now a master distributor of Unbrako Socket Products to North America.
June 10
00:24
2019
INxSQL is adding 2,800 sq ft to its 3,200 sq ft Michigan headquarters, CEO Bob Reynolds announced. There will be 13 additional offices to the 17 original, a large conference...
June 10
00:21
2019
American Elite Molding issued two apologies and paid Advanced Cable Ties $350,000 to settle lawsuits.
May 20
08:44
2019
U.S. President Donald Trump hiked 10% tariffs on $200 billion of fasteners and other select goods manufactured in China to 25% beginning Friday, May 10 at 12:01 am. The original 10% duty on Chinese fasteners was applied September 24, 2018, prompting the U.S. fastener industry to immediately raise prices.
May 20
05:14
2019
The move will lift the 25% steel and 10% aluminum tariffs the U.S. placed on its North American neighbors almost a year ago. The tariffs are slated to end within 48 hours.
May 20
03:17
2019
Sidney, Nebraska, is the former headquarters of Cabela’s Inc., which was downsized after it was acquired. Former Cabela’s employees now use their skills for Huyett.
May 20
02:43
2019
Deere & Company inducted Assembled Products Inc. into its Supplier Hall of Fame. API also was honored as a Partner-level supplier for 2018 as the Enterprise Supply Management Supplier of...
May 20
01:34
2019
Omaha, NE-based SouthernCarlson has more than 900 employees that operate 150 locations to provide screws, anchors, bolts, nuts and washers, along with other products.
April 22
23:29
2019
Nautic Partners LLC completed the acquisition of LindFast Solutions Group in partnership with LindFast management.
April 22
23:06
2019
Jim Revercomb and Jack Carter opened the fastener supply store on March 10, 1969, in Virginia.
April 22
21:45
2019
“Every company has a culture. You get it by accident or by design. Make it by design.”
April 22
20:50
2019
Most aerospace, automotive and industrial fastener companies tracked by the FIN Fastener Stock Index posted stock gains during the first three months of 2019.
