The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports....
HEADLINES
While EV manufacturing involves technical issues requiring new fastener solutions, U.S. fastener experts remain confident that Taiwanese suppliers can deliver, according to Wards Auto.
Buyers want less product from Asia, more face time with suppliers and multiple approved sources, State of the Industry panelists told the National Fastener Distributors Association annual meeting.
Jim Degnan of S. W. Anderson will lead the National Fastener Distributors Association.
“Lose the losers,” economist Patrick Lucas advised National Fastener Distributors Association members.
“Mixed economic signals continued to push and pull our business,” one respondent said.
The drop in May ended a 27-month stretch of fastener revenue growth for the Minnesota-based industrial bellwether.
An industrial internet platform has been set up to offer digital factory solutions for fastener manufacturers.
Muscatine, IA-based White Distribution and Supply is AFC's sixth acquisition of 2023.
Camcar partner Ttapdrive AS is the Norwegian company that created the Ttap brand of drive systems.
Founded in 1966 by John and Helen Walker, Denver-based Fasteners Inc. distributes the Huck Fastening System.
Germany accounted for 39.4% of sales. The companies outside Germany also posted a successful financial year with an increase in sales of 19.4%. Top performers included the U.S. and Europe.
“There are no major structural imbalances in the economy,” Dr. Chris Thornberg declared. “Everybody has cash on hand.”
“We have wanted Fastbolt as part of the AFC family for several years,” stated AFC Industries CEO Kevin Godin.
“Bill Derry lends the strategic direction that has played a significant role in Field’s 19% year-over-year growth for the past 30 years.”
The FIN Fastener Stock Index jumped 17% in the opening quarter of 2023, topping a 3.5% gain by an index of related industrial stocks as global supply chains recover.
In nominating Vertullo, fastener veteran John Butler cited “his years of devotion to the fastener industry through education, tribal knowledge, and generosity of time and materials.”
Boeing recently found improperly torqued bolts in new-build 737 Max jets, indicating a quality problem similar to one revealed by the Federal Aviation Administration (FAA) on 23 March, FlightGlobal reports.
Fastener Fair Global 2023 welcomed around 1,000 exhibitors from 46 countries to Stuttgart, Germany, filling halls 1, 3, 5 and 7 of the exhibition venue.
In March 2018, former President Donald Trump ordered a 25% tariff on steel imports from most nations and a 10% tariff on aluminum imports - a policy largely maintained by President Joe Biden.