“Before acquiring KLX, Boeing was starting to invest in ways to be more integrated with customers’ parts stocking operations as a step to achieve this,” writes Lee Ann Shay of MRO-Network.com. “KLX already is doing that by being integrated in customers’ shop floors day to day through its bin stocking programs for OEMs, airlines and MRO.”
HEADLINES
November 12
02:12
2018
Sales and hiring increased during the month, while customers expressed uncertainty about future orders due to U.S. tariffs.
November 12
01:57
2018
Sean Baird, president and owner of Hampton Roads Fastener & Construction Supply Inc. in Virginia Beach, VA, is the new president of the Specialty Tools & Fasteners Distributors Association.
November 12
01:53
2018
Carmen Vertullo and Rob LaPointe co-founded AIM Testing Laboratory. The primary focus of AIM is consultation, training and testing of fasteners and related products. Product offerings include technical guidance, specifications...
November 12
00:51
2018
Offsite construction is on the rise and Bill Sisto predicted to the Specialty Tools & Fasteners Distributors Association that contractors will partner with prefab companies.
October 22
16:54
2018
Nearly five months after the U.S. imposed tariffs on steel and aluminum imports, fastener manufacturers continue to receive “inconsistent” responses from the U.S. Commerce Department related to exclusions requests, according to the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid.
October 22
14:46
2018
The FIN Fastener Stock Index bounced back in the third quarter of 2018, rising 9.2% after declining 0.4% in the previous quarter.
October 22
05:17
2018
Back in the early days of XL Screw, communication with overseas suppliers was with teletype machines, unreliable phone service plus multiple stop, smoke-filled flights to Japan. Reflecting on the changes in his 46 years at XL, Bob Sachs cited increased efficiency through technology.
October 22
03:59
2018
The biennial Wire trade show in Germany has long dominated the fastener machinery exhibitions. Wire Düsseldorf noted passenger cars contain more than 1,000 screw connections – 300 of them in the combustion engine – and some 1,000 springs.
October 22
03:42
2018
The seasonally adjusted September FDI (55.8) decelerated in September, “still strong in absolute terms but nonetheless meaningfully lower for the second straight month,” according to R.W. Baird analyst David Manthey.
October 22
03:13
2018
Vanessa Sciarra of the National Foreign Trade Council will speak Tuesday during the October 30 - November 1 International Fastener Expo in Las Vegas.
October 22
02:39
2018
Founded in a Detroit garage in 1967, Prestige Stamping operates a 100,000 sq ft facility in Warren, MI, to produces high-volume, tight-tolerance washers and similar small stampings.
October 22
02:13
2018
It is Lawson’s sixth acquisition in 36 months. The 2017 acquisition of the Bolt Supply House at $40 million was the largest.
October 22
02:04
2018
Third-quarter net earnings more than doubled, buoyed by U.S. tariffs on steel and aluminum.
October 22
01:39
2018
Fastenal warned that “challenges remain from inflationary pressures and new tariffs on Chinese-sourced goods.”
October 22
01:34
2018
Increased sales “due to increased demand from the largest U.S. electric vehicle manufacturer” (Tesla).
October 22
01:09
2018
Volume and price increased partially offset by a decline from foreign exchange and the impact of hurricanes.
October 22
00:26
2018
Industrial Threaded Products promoted Clay Weaver to COO. Weaver joined ITP 15 years ago and has 30 years of fastener experience – including as purchasing manager and director. Annie...
September 24
22:44
2018
The additional tariffs take effect September 24, 2018, and initially will be in the amount of 10%. Starting January 1, 2019, the level of the additional tariffs will increase to 25%.
September 24
21:51
2018
Lindstrom’s Yeargin: The acquisition expands both Lindstrom’s “physical footprint and product offering” and Stelfast’s Simmi: “These two companies are uniquely suited to serve our customers” and “we are eager to demonstrate this to the market.”
