“We don’t relocate the manufacture of our parts, we produce locally for the domestic market,” stated CEO Antoine Raymond.
HEADLINES
He joined Heads & Threads Company in 1959, was appointed president in 1967 and later under Alleghany Corporation became CEO of Heads & Threads International LLC and ultimately chairman.
The top five fastener export destinations were the U.S., Japan, Russia, Hong Kong and South Korea, ChinaFastener.Info reports.
Group invests in warehousing and logistics at its location in Arlesheim and inaugurates a new logistics center in St. Petersburg.
Automakers are reducing weight and improving fuel efficiency by pushing the limits of high strength steels, according to Salim Brahimi, Director of Engineering Technology at the Industrial Fasteners Institute.
Anchor bolt manufacturer EDSCO Fasteners is being acquired by Nashville private equity firm LFM Capital, the Nashville Post reports.
Fastener Fair Stuttgart announced more than 800 companies from 40 countries will exhibit at the March 28-30, 2017 trade show in Germany. Registration is open online for the 7th Fastener...
The International Fastener Machinery & Suppliers Association meets in conjunction with Wire.
SHORTTAKES Acument Global Technologies marked the first 50-years of its Continental Midland company as a Torx drive system licensee. Continental Midland became a licensee in 1966 when the two companies...
In the past two months, the Dow has gained about 10% in value. But fastener stocks have done better than that.
“While industrial markets are showing encouraging signs of potential stabilization and increased optimism, the FDI indicates that current conditions remain choppy with relatively weak demand, competitive conditions, and pricing pressure continue to weigh on results before policy changes can be implemented,” noted R.W. Baird analyst David J. Manthey.
Founded in 1995, Air King supplies screws, nails and staples, as well as nailers and industrial staplers.
EU commissioner Cecilia Malmstrom “reiterated EU plans to introduce new ‘country neutral’ antidumping methodology,” Fastener + Fixing Magazine reported.
MEDIA SPOTLIGHT: "We've prided ourselves that a Canadian manufacturer with the right people, processes, and technologies, can compete with anyone in the world,” Leland founder and CEO Byron Nelson told the Canadian Press. "But, we can no longer compete with the escalating energy costs we are seeing here in Ontario.”
“The MAK-A-KEY brand name is very well known and reinforces our reputation as a manufacturer of choice in key stock and machine keys,” stated G.L. Huyett CEO Tim O’Keeffe.
Based in Clinton Township, MI, KUKA Aero integrates new robotic technologies used in aerospace assembly, and provides automation solutions and engineering to the aerospace industry.
The company said these new program awards represented “significant market share gains” and are initially valued at approximately $300 million in the aggregate.
South and Eastern European Group companies did “exceptionally well,” compensating for the difficult market situation in Western Europe and North America.
Growth was mainly fueled by business in Europe (+8.2%) and America (+38.9%); Bossard’s Asian business also made progress, reflecting successful development efforts in various markets.