Global Fastener News

HEADLINES

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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WIFI Names Hearn President

January 16
00:18 2017
    WIFI Names Hearn President

“WIFI has an exceptional bounty of opportunities found in the strength of our board and our members,” Hearn stated.

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Baer, Gawlik Head MWFA for 2017

January 16
00:17 2017
    Baer, Gawlik Head MWFA for 2017

Board members: Adams, Brin, Delawder, Wiedmeyer and Wishnew.

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SHORTTAKES: Abbott-Interfast, Arlington Plating, Charles J. Wilson, Reed Machinery and Valley Nut & Bolt

January 16
00:15 2017

Abbott-Interfast Corp. named Robert (Bob) Baer president and CEO, effective January 1.  He will be responsible for all operating units and report directly to the Binder family.   Baer succeeds...

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Obituary: George John Grabner

January 16
00:10 2017
    Obituary: George John Grabner

His career included heading The Weatherhead Company and Lamson & Sessions Company; and on Cardinal Fastener & Specialty Co. board. His recognitions included the Industrial Fasteners Institute Soaring Eagle Award.

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U.S. Fastener Demand Growth Slower Than Global Rate

December 19
22:59 2016
    U.S. Fastener Demand Growth Slower Than Global Rate

The Asia/Pacific region will continue to account for the largest share of world fastener sales in 2020, representing 42% of the total.

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Atlas Copco Completes Phillip-Tech Acquisition

December 19
15:35 2016

Based in Beijing, with a sales and engineering site in Shanghai, Phillip-Tec sells self-pierce riveting products and solutions designed by Henrob, which Atlas Copco acquired in 2014.

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ASSOCIATIONS: Flajnik, Bell Head SFA for 2017

December 19
14:12 2016

Matt Flajnik of American Anchor Bolt is the 2017 chairman of the Southwestern Fastener Association and Chris Bell of G.L. Huyett is president. Jason Looft, Winzaer Corp. is VP; Craig...

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Taiwan’s China Steel Corp. Hikes Prices 12.6%

December 19
13:52 2016
    Taiwan’s China Steel Corp. Hikes Prices 12.6%

China Steel Corp (CSC) of Taiwan raised steel prices by 12.6% for deliveries in the first quarter of next year, the Taipei Times reports. CSC said the hikes are due...

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2017 InaFastener Is 80% Booked

December 19
13:48 2016

The second Indonesia fastener trade show will be March 29-April 1, 2017, in Jakarta. Show organizers report exhibit space for the second Indonesia International Fastener & Fixing Technology Exhibition is...

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SHOW NEWS: Stuttgart Exhibit Space 97% Booked

December 19
12:16 2016

Exhibit space has grown 7% for the 2017 Fastener Fair Stuttgart and 97% of space is booked, show organizers announced. The trade show will be March 28-30, 2017, at the...

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FIN Publishes the 17th Annual 2017 FIN Calendar

December 19
12:08 2016
    FIN Publishes the 17th Annual 2017 FIN Calendar

Beyond fastener meeting dates in the 13-months from December 2016 through December 2017, the FIN Calendar lists fastener organization descriptions and contact information; technical organizations; fastener association websites; the U.S. FQA Hotline and trademarks; and fastener tradeshows.

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