This is a time to “borrow and invest in inflation-beating investments such as new product lines or opening in a new geographic territory, Beaulieu suggested. “Lock in your lease.”
HEADLINES
Advance Components is now a master stocking distributor of Heyco Solar Power Components. “Heyco is excited to announce the recent addition of over 220,000 pieces of 28 different SKUs to...
STAFDA members’ sales increase comes despite construction starts being down 7% from 2017 Q1, according to Dodge Data & Analytics Report.
“According to several participants, demand remains strong, with one respondent indicating ‘open orders are up 39% compared to last year at this time.’”
“With so many significant fastener deals completed during 2017, it was not easy selecting the ‘Top Ten’,” Pinnacle Capital CEO Richard Hagan observed.
Currently all nuts (HS code73181600), including inch, metric, and locking nuts, are on the list of goods that will receive the 25% duty announced by the White House.
Among the issues: Assembly speed, tool life, line stoppage, torque monitoring, serviceability, aircraft downtime and even end of life disassembly.
American Elite Molding files suit claiming Advanced Cable Ties employs undocumented workers. ACT terms lawsuit as "Retaliatory Claim for Jury Verdict Against AEM."
Ramco said Greater Detroit-based Copa’s expertise in precision manufactured assembled components will expand Ramco’s domestic manufacturing capabilities.
AFI Industries Inc. received IATF 16949:2016 and ISO 9001:2015 accreditation. Founded in 1976, AFI Industries is a domestic cold header of screws M2.9 to M14 diameters up to 152.4 MM...
UK-based Mack Brooks Exhibitions announced more than 700 companies from 38 countries have booked booths for the March 19-21, 2019, trade show in Germany. So far, 85% of total space is reserved.
Deadline for nominations is June 30, 2018.
Qualitative commentary on market conditions was very positive regarding demand, while steel tariff impacts remain a topic of heavy discussion among respondents.
White House trade adviser Peter Navarro said every country granted an exemption from the tariffs will face an import quota and other restrictions. He also indicated that this extension is the last one Trump will grant.
Commerce will issue AD duty orders on imports of carbon and certain alloy steel wire rod from Italy, Korea, Spain, Turkey, and the UK, and countervailing duty orders on imports of this product from Italy and Turkey.
Southwestern Fastener Association panelists agreed steel tariffs are not creating jobs – just price increases.
While there are no recorded incidents of fastener workers regarding the California Prop 65 chemicals and no suits in fastener workplaces, Carmen Vertullo suggested “looking at your company as a target for a lawsuit.”
“Our customers have long desired a supplier who could offer essentially 100 percent of their requirements for fasteners, consumables and expendables,” stated KLX CEO Amin Khoury.
Franksville, WI-based AIS distributes industrial fasteners and components, MRO supplies and assembly tools for commercial and consumer products.
“LaVezzi Precision has a proven history of providing innovative medical component solutions to address demanding customer requirements,” stated MW Industries CEO John Bagnuolo.