Though the tonnage was down 0.7% from 2021, Taiwan’s transformation to higher-value-added products yielded higher total value.
HEADLINES
March 28
21:35
2023
The fractured studs were composed of a corrosion-resistant nickel-based alloy susceptible to hydrogen embrittlement in subsea environments, according to the Bureau of Safety and Environmental Enforcement.
March 28
20:32
2023
Gene Simpson of Semblex Corp. is the new chairman of the Industrial Fasteners Institute and Dan Curtis of MacLean-Fogg Co. is vice chair for the 2023-24 term.
March 28
19:47
2023
Founded in 1910, Ford Aerospace manufactures high precision metal components and sub-assemblies for the aerospace, industrial and high-tech sectors.
February 28
15:41
2023
The Trump administration imposed the tariffs in 2018 to “close a loophole exploited by steel-derivatives importers,” Circuit Judge Richard Taranto wrote.
February 28
14:39
2023
“Robots working on the inside and outside of fuselage panels had difficulty moving in sync,” Air Traveller reports. “This divergent dance caused ongoing production delays due to humans having to fix the machined mismatch, not to mention some jets rolling out with partly completed jobs.”
February 28
13:49
2023
Results from public companies with fastener businesses indicate that 2022 was a solid year for many, with more gains to come.
February 28
12:54
2023
Nancy Rich started in the fastener industry with Cronin Fasteners before joining the Chicago Bolt, Nut & Screw Association, which became the Mid-West Fastener Association in 2004.
January 31
23:19
2023
The FIN Fastener Stock Index lost 11.5% in 2022, besting a 15.5% decline by an index of related industrial stocks.
January 31
22:09
2023
The price of wire rod – including low carbon, medium-to-high carbon, cold forged and low alloy – most relevant to fastener manufacturers will be reduced by NT$1,500 (US$48.7) per metric ton, Fastener World magazine reported.
January 31
21:46
2023
Renewable energy made inroads in the fastener industry in 2022 as EV and hybrid automotive sales in the U.S. nearly doubled. Such strong market growth caught the eye of prominent fastener manufacturers looking to capitalize on the trend.
January 31
19:21
2023
Fasteners experienced margin pressure during the period as deflating steel and transportation costs prompted customers to seek price reductions.
January 31
19:16
2023
Alloy Wire Int’l named Tom Mander as managing director, succeeding Mark Venables, who becomes chairman. Mander has been with AWI for 17 years. AWI also announced Bill Graham retired as...
December 20
16:24
2022
Bossard aims to unlock additional growth in this strategic market in the industrial epicenter of Canada.
December 20
15:49
2022
“Overall, November marked a return to improving market conditions after mostly deteriorating conditions throughout the late summer/early fall,” wrote R.W. Baird analyst David Manthey (CFA) with Quinn Fredrickson (CFA).
December 20
14:46
2022
During the first nine months of 2022, fastener sales at the Minnesota-based manufacturer and distributor increased 18.2% to $614.5 million.
November 28
23:27
2022
Factors leading to a depression include a worldwide aging population driving up healthcare costs, with rising interest rates increasing costs as central governments continue spending patterns.
November 28
23:20
2022
Wilson: It is “clear our industry was ready to be back in person and reconnect with each other.”
November 28
20:51
2022
Nucor is the first major industrial company to join the global effort, which aims to accelerate the decarbonization of the world's electricity systems to mitigate climate change.
November 28
19:38
2022
AFC CEO Kevin Godin said Champion Bolt “has demonstrated a long-term commitment to providing excellent service to customers and deepens several unique capabilities for the AFC platform.”
