The original tariff of 10% will continue for a “substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal,” U.S. President Donald Trump stated in late March.
HEADLINES
Flat safety washers, miniature screw threader, and thread-forming screws for thin sheet metal were the 2019 new product winners announced at Fastener Fair Stuttgart.
Mike Bailey of Nucor Fastener, Marc Strandquist of Würth Industry North America, Field CEO Bill Derry spoke on the “Future of Fastener Distribution” during the joint conference of the NFDA, Mid-West Fastener Association and Pacific-West Fastener Association in San Diego.
The manufacturer has had only two locations – moving from the original plant to Fairfield, NJ, in 1958.
South Africa notified the WTO of investigation, which started March 1. Interested parties have 20 days to submit information.
“Stabilization or further moderation in the FDI could be more likely than acceleration from here,” according to R.W. Baird analyst David Manthey.
75 exhibitors booked for June 4-6, 2019, biennial trade show in Rosemont, IL.
The city of Elyria, OH, is expected to gain “nearly 100 manufacturing jobs, another 130,000 square feet of manufacturing space and millions in investment,” writes Dave O’Brien of the Chronicle-Telegram.
The Social will be 5pm to 8pm, Thursday, May 9, 2019, at the Crowne Plaza Hotel in Independence, OH.
Auto Bolt Company named Libby Beattie to inside sales and Pete Drury senior tool engineer. Beattie has 25 years experience in customer service/quoting, including the last eight years in the...
“Your competitors are afraid to change,” stated consultant Dirk Beveridge of UnleashWD. You need to be willing to open up your eyes and ask, “Why?”
At the MWFA/NFDA/Pac-West conference in San Diego, the companies agreed to donate $100 a month for one year and “they challenge you to join with them to raise funds for this worthy cause that benefits everyone in the industry.”
The U.S. Trade Representative’s office said it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice,” Reuters reports.
Steel threaded rod, bar, or studs subject to these investigations are non-headed and threaded along greater than 25% of their total actual length and produced in China, India, Taiwan and Thailand.
How ready are you for a change in your company? Dr. Nathan Baxter asked the Southwestern Fastener Association. “It starts with a change of company culture,” he advised.
Founded in 1976 with 3 employees in a 3,000 sq ft warehouse, Lynchburg, VA-based IPC supplies fasteners and related production components to the OEM market, with warehouses in Virginia, Mississippi, Nebraska, and China.
The deal, which included the associated Arconic (Huck) distribution rights, was finalized on December 31.
“This investment will enable Bossard to consolidate its presence on the German market,” the group stated.
The Southwestern Fastener Association board has been struggling with direction, as most of the eight regional fastener associations have.
“It’s caused us major, major chaos,” Dexter Fastener Technologies VP Jim Cremering told The Detroit News. "We got exemptions for some, but not others. It doesn’t make sense.”