Results “indicative of a true stabilization and recovery in fastener markets for the first time in quite a while,” according to R.W. Baird analyst David Manthey.
HEADLINES
November 29
23:20
2023
Deal to acquire Houston Precision Fasteners would allow Bologna-based Poggipolini to accelerate growth in aerospace and defense industries.
November 29
22:09
2023
Except for a brief increase in September, fastener sales at Fastenal Co. have declined five of the last six months.
November 29
19:23
2023
Soft economic landing tone emerges: “I am beginning to be a bit more confident that the long-promised recession isn't coming,” a respondent noted.
November 01
13:51
2023
While the FIN Fastener Stock Index lost 0.9% of its value in the third quarter, gains remain solid for the first nine months of 2023.
November 01
13:28
2023
The high court turned away PrimeSource Building Products' appeal of a lower court's decision to uphold a 25% tariff on fasteners and other steel derivatives.
November 01
13:11
2023
After years of volatile raw material prices, material and energy costs have stabilized, making price increases smaller than during the pandemic.
November 01
12:53
2023
Cold form fastener facility in Monterrey will continue Optimas Solutions' “near-shoring” efforts to minimize supply chain risk.
September 28
23:31
2023
Automotive executives and analysts characterize the evolution to EVs as the biggest technological transformation since Henry Ford introduced his moving assembly line in 1913.
September 28
22:49
2023
The International Fastener Expo Hall of Fame announced six fastener professionals will be inducted on October 10 during the annual trade show in Las Vegas.
September 28
21:52
2023
Digital marketing consultant tells Mid-West Fastener Association: “Your competitors are jumping at artificial intelligence.”
September 28
20:10
2023
Three of the four Fastener Distributor Index indicators (sales, employment and supplier delivers) improved, while customer inventories declined.
August 28
23:41
2023
Improperly drilled holes, called "snowmen" because of their elongated shape, were filled with fasteners on some 737 Max planes before passing quality inspections at Spirit Aerosystems.
August 28
22:17
2023
The parent company of Brighton-Best International was again the top fastener company in Taiwan in 2022, Fastener World reports.
August 28
21:23
2023
Japan-based Owari Seiki is poised to play a role for OEMs and component manufacturers operating in Japan, aligning with the growing emphasis on local procurement.
August 28
18:28
2023
Show management projects 650 exhibitors and 4,500 attendees at the 2023 International Fastener Expo on October 9-11 in Las Vegas.
July 27
23:45
2023
During the first six months of 2023, the FIN Fastener Stock Index grew 24%, more than doubling gains by an index of related industrial stocks.
July 27
23:30
2023
3D printed parts can minimize waste, streamline inventory management and contribute to a more sustainable automotive repair ecosystem.
July 27
23:15
2023
The key to succession is “family leadership passion” and family involvement, Dr. Jim Ruetz told the National Fastener Distributors Association.
July 27
22:37
2023
While some respondents pointed to evidence of reshoring, others claimed nearshoring is occurring as customers move business from China to Mexico.
