Global Fastener News

NEWS BRIEFS

Reinhold Würth Warns of Lower Profit

December 19
18:16 2024
    Reinhold Würth Warns of Lower Profit

Würth Group patriarch signaled a substantial profit decline amid tough EU economic conditions that trimmed revenue.

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Taiwan Fastener Industry Eyes India for Growth

December 18
23:31 2024
    Taiwan Fastener Industry Eyes India for Growth

As the world's most populous country urbanizes and industrializes, demand for automotive and industrial fasteners could double by 2030.

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TR Fastening Italy Installs Solar Panels

December 17
15:17 2024
    TR Fastening Italy Installs Solar Panels

On weekends, the cold forged fastener manufacturer can sell surplus energy back to the national grid, FAST reports.

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Industrial Threaded Products Names CFO

December 17
13:14 2024
    Industrial Threaded Products Names CFO

New executive holds an MBA from the University of California, Irvine.

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Bufab Acquires VITAL SpA

December 12
17:50 2024

Deal for C-parts distributor deepens Swedish fastener supplier's presence in Italy and southern Europe.

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AI Streamlines Cert Process

December 11
23:28 2024
    AI Streamlines Cert Process

AI-powered platform brings new visibility to fastener certificate management, ensuring certs stay attached to parts throughout the supply chain process.

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FDI Retrenches Despite Optimism

December 10
15:50 2024
    FDI Retrenches Despite Optimism

“Although some caution persists due to ongoing macroeconomic/inflation uncertainties, overall sentiment among participants leans cautiously optimistic,” noted R.W. Baird analyst David Manthey.

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OBITUARY: Ross Arthur Shepard

December 10
15:39 2024
    OBITUARY: Ross Arthur Shepard

Former Mid-West Fastener Association board member worked for years in sales at Morton Grove, IL-based Alfa Tools.

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Majority of U.S. Fastener Distributors Support Tariffs

December 10
11:53 2024
    Majority of U.S. Fastener Distributors Support Tariffs

A majority of distributors (56%) responding to a Fastener Distributor Index survey signaled support for U.S. President-elect Donald Trump’s pledge to impose broad tariffs.

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Fastenal Fastener Sales Grow in November

December 05
11:47 2024
    Fastenal Fastener Sales Grow in November

Marks first time in 14 months that company has achieved year-over-year growth with its fastener products.

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Nedschroef Building 2nd Factory in Spain

December 04
11:26 2024
    Nedschroef Building 2nd Factory in Spain

Second automotive fastener factory in Tarragona, Spain, will leverage the fastener manufacturer's regional strengths.

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Southern Fasteners Hires Quality Manager

December 03
10:38 2024
    Southern Fasteners Hires Quality Manager

New QM has more than 30 years of experience and earned a BE in mechanical engineering from DeVry University.

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Allfast Streamlines Order Process

December 02
16:09 2024
    Allfast Streamlines Order Process

City of Industry, CA-based Allfast Fastening Systems used value stream mapping to reduce quote lead-time, provide real-time data, enhance consistency and improve customer service.

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Norm Fasteners Delays U.S. EV Bolt Plant

November 27
13:05 2024
    Norm Fasteners Delays U.S. EV Bolt Plant

“They have described just a rapidly changing global manufacturing environment, and that they are having to be very nimble about their decision making.”

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Hahs, Kitchens Head STAFDA for 2025

November 22
20:53 2024
    Hahs, Kitchens Head STAFDA for 2025

Denver-based AIS Industrial & Construction Supply president Dale Hahs II is the 2025 president of the Specialty Tools & Fasteners Distributors Association.

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LINC Systems Acquires CORUS

November 22
14:26 2024
    LINC Systems Acquires CORUS

Founded in 1962, Springfield, NJ-based CORUS Fastening distributes fasteners and pneumatic tools to construction customers.

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OMG Inc. Hires New CFO

November 21
23:28 2024
    OMG Inc. Hires New CFO

Previously he worked for Stanley Black & Decker, most recently serving as CFO of its Smart Storage Solutions business.

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Southern Fasteners Names President

November 21
14:23 2024
    Southern Fasteners Names President

Founded in 1982, Winston-Salem-based Southern Fasteners distributes high-quality fasteners to OEMs and MROs.

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WINA Adds AI for Better Orders & Logistics Tracking

November 20
11:20 2024
    WINA Adds AI for Better Orders & Logistics Tracking

Agreement accelerates order processes, improve performance metrics and optimize asset intelligence for customers.

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E-Z LOK Brings Testing In-House

November 19
22:31 2024
    E-Z LOK Brings Testing In-House

Carver Engineering/Labs in El Cajon, CA, built the machines, which came online at E-Z LOK’s Gardena, CA, facility in October.

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