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.”
HEADLINES
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.”
Norton|Saint-Gobain Abrasives North America sales & marketing VP Glenn Knowlton will present the Associate State of the Industry address during the Specialty Tools & Fasteners Distributors Association’s 43rd annual convention & trade show in Nashville. Country music duo Big & Rich will open the event.
The international sourcing and the machinery sections will open early on the first day of the September 17-19, 2019, International Fastener Expo in Las Vegas.
Reed had agreed to acquire Mack Brooks in January.
Arconic has commenced plans to reduce operating costs by approximately $200 million on an annual run-rate basis.
“Long-term contracts were higher, primarily due to higher chemical pass-through revenue and related service fees, while hardware volume increased at a lesser pace,” the company stated.
Fastener distributor 3Q Inc. received ISO 9001-2015 certification, John Vander Veen, sales & marketing, announced. “We are proud and grateful to all of our employees for their efforts in making...
“Rising product demand as an integral bonding component for manufacturing vehicles, home appliances, industrial machinery, and aerospace structures is likely to drive industry growth,” according to a report by Research and Markets.
Reed Exhibitions has agreed to acquire Mack Brooks Exhibitions – owner of multiple fastener trade shows, including the world’s largest, Fastener Fair Stuttgart.
Half of almost 1,000 automotive industry decision makers surveyed in Europe, Asia, and the Americas believe battery electric vehicles are the No. 1 trend in their sector, up from the No. 3 spot in 2016 (and up from the No. 9 spot in 2015), according to KPMG’s Global Automotive Executive Survey 2017.
Sales trends improved in December, with 42% of respondents indicating sales were “better” relative to seasonal expectations vs. 34% of respondents the previous month.
“We did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic’s shareholders and other stakeholders,” stated company chairman John C. Plant.