Global Fastener News

HEADLINES

ARaymond To Open Fastener Plant in Mexico

March 07
06:07 2017
    ARaymond To Open Fastener Plant in Mexico

“We don’t relocate the manufacture of our parts, we produce locally for the domestic market,” stated CEO Antoine Raymond.

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Obituary: Leon “Lee” Bookman

March 07
02:01 2017
    Obituary: Leon “Lee” Bookman

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.

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China Fastener Exports Top $4.5b in 2016

February 13
20:06 2017
    China Fastener Exports Top $4.5b in 2016

The top five fastener export destinations were the U.S., Japan, Russia, Hong Kong and South Korea, ChinaFastener.Info reports.

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Würth Invests in Switzerland and Russia

February 13
18:14 2017
    Würth Invests in Switzerland and Russia

Group invests in warehousing and logistics at its location in Arlesheim and inaugurates a new logistics center in St. Petersburg.

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Enabling Tech Drives Car Fastener Innovations

February 13
16:25 2017
    Enabling Tech Drives Car Fastener Innovations

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.

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Equity Firm Buying EDSCO Fasteners

February 13
16:15 2017
    Equity Firm Buying EDSCO Fasteners

Anchor bolt manufacturer EDSCO Fasteners is being acquired by Nashville private equity firm LFM Capital, the Nashville Post reports.

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FIC to Conduct Industry Summit June 7

February 13
15:22 2017
    FIC to Conduct Industry Summit June 7

...

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SHOW NEWS: Fastener Fair Draws 800 Exhibitors

February 13
15:17 2017
    SHOW NEWS: Fastener Fair Draws 800 Exhibitors

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...

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SHOW NEWS: Wire Düsseldorf 2018 Launches Online Exhibit Space Marketing

February 13
15:04 2017
    SHOW NEWS: Wire Düsseldorf 2018 Launches Online Exhibit Space Marketing

The International Fastener Machinery & Suppliers Association meets in conjunction with Wire.

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SHORTTAKES: Acument, Beacon Fasteners, Continental Midland, Cable Tie Express, Distributor’s Link, Jergens, Knapp Fasteners, Semblex & Würth Adams

February 13
14:58 2017

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...

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Fastener Stocks Outperform Dow Jones

February 13
14:12 2017
    Fastener Stocks Outperform Dow Jones

In the past two months, the Dow has gained about 10% in value. But fastener stocks have done better than that.

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FDI Declines in January Amid ‘Choppy’ Conditions

February 13
13:27 2017
    FDI Declines in January Amid ‘Choppy’ Conditions

“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.

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SouthernCarlson Buys Air King Fastening

February 13
12:16 2017
    SouthernCarlson Buys Air King Fastening

Founded in 1995, Air King supplies screws, nails and staples, as well as nailers and industrial staplers.

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EU Seeks Defense Against Unfair Trade

February 13
10:47 2017
    EU Seeks Defense Against Unfair Trade

EU commissioner Cecilia Malmstrom “reiterated EU plans to introduce new ‘country neutral’ antidumping methodology,” Fastener + Fixing Magazine reported.

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PERSPECTIVE: Canada’s Leland Investing in Illinois; Cites High Energy Costs in Ontario

January 16
00:55 2017
    PERSPECTIVE: Canada’s Leland Investing in Illinois; Cites High Energy Costs in Ontario

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.”

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G.L. Huyett Acquires Mak-A-Key From ITW

January 16
00:30 2017
    G.L. Huyett Acquires Mak-A-Key From ITW

“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.

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AIT Buying KUKA Aerospace

January 16
00:29 2017
    AIT Buying KUKA Aerospace

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.

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KLX Gets $300m in New Program Awards

January 16
00:27 2017
    KLX Gets $300m in New Program Awards

The company said these new program awards represented “significant market share gains” and are initially valued at approximately $300 million in the aggregate.

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Online Sales Boost Würth Growth

January 16
00:25 2017
    Online Sales Boost Würth Growth

South and Eastern European Group companies did “exceptionally well,” compensating for the difficult market situation in Western Europe and North America.

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Bossard Group Achieves Record Sales

January 16
00:23 2017
    Bossard Group Achieves Record Sales

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.

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