Global Fastener News

HEADLINES

Tentative U.S. West 
Coast Port Deal Reached

June 27
17:41 2023
    Tentative U.S. West 
Coast Port Deal Reached

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....

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Taiwan’s Fastener Industry Eyes U.S. EV Market

June 27
17:05 2023
    Taiwan’s Fastener Industry Eyes U.S. EV Market

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.

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NFDA Panel: Domestic Sourcing Increases

June 27
16:13 2023
    NFDA Panel: Domestic Sourcing Increases

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.

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Degnan, McDaniel Lead NFDA for 2023-24

June 27
13:46 2023
    Degnan, McDaniel Lead NFDA for 2023-24

Jim Degnan of S. W.  Anderson will lead the National Fastener Distributors Association.

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Economist Predicts ‘Soft’ Post-Covid Let-Down

June 27
13:02 2023
    Economist Predicts ‘Soft’ Post-Covid Let-Down

“Lose the losers,” economist Patrick Lucas advised National Fastener Distributors Association members.

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Sales Drag FDI To 3rd Straight Decline

June 27
12:15 2023
    Sales Drag FDI To 3rd Straight Decline

“Mixed economic signals continued to push and pull our business,” one respondent said.

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Fastenal Fastener Sales Decline 1st Time in 2 Years

June 27
12:13 2023
    Fastenal Fastener Sales Decline 1st Time in 2 Years

The drop in May ended a 27-month stretch of fastener revenue growth for the Minnesota-based industrial bellwether.

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China’s Fastener Industry Uses Smart Manufacturing

June 27
11:39 2023
    China’s Fastener Industry Uses Smart Manufacturing

An industrial internet platform has been set up to offer digital factory solutions for fastener manufacturers.

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AFC Industries Acquires WDS

June 27
11:31 2023

Muscatine, IA-based White Distribution and Supply is AFC's sixth acquisition of 2023.

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Camcar Purchases Ttap Brand and Technology

June 27
11:29 2023
    Camcar Purchases Ttap Brand and Technology

Camcar partner Ttapdrive AS is the Norwegian company that created the Ttap brand of drive systems.

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Fasteners Inc. Merges with MI-Based OneMonroe

June 27
11:04 2023
    Fasteners Inc. Merges with MI-Based OneMonroe

Founded in 1966 by John and Helen Walker, Denver-based Fasteners Inc. distributes the Huck Fastening System.

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Würth Reports Record Sales

May 29
23:13 2023
    Würth Reports Record Sales

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.

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Economist to Pac-West: ‘Great Money’ in Next Years

May 29
22:56 2023
    Economist to Pac-West: ‘Great Money’ in Next Years

“There are no major structural imbalances in the economy,” Dr. Chris Thornberg declared. “Everybody has cash on hand.”

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AFC Industries M&A String Continues

May 29
21:11 2023
    AFC Industries M&A String Continues

“We have wanted Fastbolt as part of the AFC family for several years,” stated AFC Industries CEO Kevin Godin.

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Bill Derry Marks 50 Years in Fasteners

May 29
18:26 2023
    Bill Derry Marks 50 Years in Fasteners

“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.”

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FINdex Rebounds As Global Supply Chains Improve

April 27
23:13 2023
    FINdex Rebounds As Global Supply Chains Improve

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.

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NFDA Honors Vertullo As Fastener Pro of 2023

April 27
22:57 2023
    NFDA Honors Vertullo As Fastener Pro of 2023

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.”

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REPORT: Bolt Torque Issues Force Boeing Changes

April 27
22:35 2023
    REPORT: Bolt Torque Issues Force Boeing Changes

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.

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Fastener Fair Global Drew 11,000 Visitors

April 08
20:12 2023

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.

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Steel Import Tariff Appeal Declined by Supreme Court

March 28
23:49 2023
    Steel Import Tariff Appeal Declined by Supreme Court

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.

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