As the United States marks the 20th anniversary of the 2001 attack on the World Trade Center in New York, three stories in the Fastener History section of GlobalFastenerNews.com recall the role of fasteners and fastener people.
The acceleration in Delta-variant COVID-19 outbreaks has slowed global container turnaround rates, which have also been hampered by severe weather events around the world.
The Covid-19 pandemic has been postponing or canceling fastener events since March 2020, but multiple trade shows remain on the docket for late 2021.
The Slussen area in central Stockholm is being redeveloped with new stainless steel sluice and flood gates to help the region cope with the anticipated sea level rise in the coming century.
The 75th anniversary is part of the August 16-20 FSTNR Week, which includes a tabletop show, education sessions and golf.
FTI has a total of 22 training sessions scheduled for 2020, with many of them leading toward the Certified Fastener Specialist designation.
The FIN Fastener Stock Index gained 33.7% in 2019, besting a 24.4% increase by an index of related industrial stocks. EACO (Bisco Industries) achieved the highest percentage gain, improving 84% during the year.
The International Fastener Expo, the fastener industry’s largest North American gathering, runs this week at Mandalay Bay Convention Center in Las Vegas.
The FIN Review of Fastener Stocks covers the fastener portion of 19 public companies with fastener operations. Stock prices for all the corporations are easy – FIN digs for the fastener results within the annual reports, which frequently total hundreds of pages. A summary of each company’s results for the past 10 years is available to FIN Subscribers by clicking on the Fastener Stocks section of GlobalFastenerNews.com.
Trion Coatings is partnering with KCH Services for the deployment of its Safe Chrome, an environmentally friendly chrome plating technology, according to Products Finishing. Nucor Fastener owns a minority equity position in Trion.
A result of an insufficient fastener company website is that “in absence of information the customer leaves,” Earnest Machine CEO Kirk Zehnder explained.
2019 biennial trade show totals 987 exhibiting companies from 45 countries.
The U.S. Trade Representative’s office said it would move to formally suspend a scheduled tariff increase on Chinese goods “until further notice,” Reuters reports.
After two consecutive years of double-digit growth, the FIN Fastener Stock Index contracted in 2018, hampered by volatility that dominated the markets, making 2018 the worst year for stocks in a decade.
International Fastener Expo events begin on Tuesday in Las Vegas. The trade show will be 9am to 4pm on Wednesday and Thursday.
“The Commerce Department continues to be overwhelmed, the process is inconsistent at best, and tilted to steel industry at worst,” Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com.
Southwestern Fastener Association panelists agreed U.S. steel and aluminum tariffs are not creating jobs – just price increases.
While U.S. steelmakers and aluminum firms celebrated President Donald Trump’s announcement, other manufacturers expressed concern about higher raw-material costs, as well as the potential for disruptions to U.S. exports, according to the Wall Street Journal.
“President Donald Trump said the U.S. plans to impose 25% tariffs on steel imports and 10% on aluminum, and expects to sign a formal order next week,” Bloomberg reports.
“The new TX features 2,000 components exclusive to the project, so LEVC leaned on Optimas’ expertise due to a track record of providing a myriad of fastener solutions to OEM automotive manufacturers around the world.”