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.
HEADLINES
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.”
September 24
21:19
2018
Taiwan fastener exports set records in export volume, price and value during the first half of 2018, ChinaFastener.Info reports. Fastener exports from Taiwan could see increased gains in the second half of 2018 if U.S. President Donald Trump applies additional tariffs of 10% on $200 billion worth of Chinese exports, including fasteners.
September 24
19:49
2018
“Section 301 tariffs act as a tax, and effective immediately, the replacement costs of all of BBI’s imports of affected items will have increased by 10%. As a result, we have increased our pricing respectively to absorb the cost increase,” Brighton-Best International stated in a letter to customers dated September 18.
September 24
18:05
2018
“The overall tone of qualitative commentary was again more cautious this month, with respondents expressing some tariff-related uncertainty, and the potential for a loss of momentum,” writes R.W. Baird analyst David Manthey.
September 24
17:43
2018
Sedwick and Keown win Women in the Fastener Industry scholarships.
September 24
16:57
2018
The All Integrated Solutions’ CEO’s first Cure Duchenne ride was in 2011 from his home in Wisconsin to Alaska.
September 24
14:43
2018
Ransomware works in two ways: either through email with “malicious intent,” or through web-based “infection,” Jeff White explained.
September 24
13:11
2018
The Specialty Tools & Fasteners Distributors Association Tech Fair with 24 companies will be its largest – with six new participants. The October 28-30 trade show is expected to be 660 booths.
September 24
12:55
2018
“We don’t have a skills gap in America, we have a core values gap,” employment development author and speaker Eric Chester told the Pacific-West Fastener Association.
September 24
11:07
2018
Abbott-Interfast Corp. is marking its 70th anniversary. Since Martin “Marty” Binder opened the doors, Abbott has secured over 25 patents. Although best known for yellow nylon insert locknuts, in 2017...
