Jason Sandefur Steel consumers are asking Congress to end import duties on nearly 200 steel products, claiming that the trade protections are contributing to “severe steel supply problems, shortages and...
NEWS BRIEFS
June 02
00:00
2005
Jason Sandefur Looking to boost its annual fastener sales to $750 million, Anixter International offered a bid for UK-based fastener distributor Infast Group worth $72.2 million in cash, plus assumption...
June 02
00:00
2005
John Wolz American Fastener Journal has moved to Arizona and Mike McGuire has taken over as publisher and editor. The distribution-oriented magazine has been published out of Columbus, OH, since...
June 02
00:00
2005
John Wolz Editor”s Note: The following column is presented by Taiwan-based Fastener World magazine as part of a news column exchange with FIN. Screw manufacturers in Taiwan have enjoyed great...
June 02
00:00
2005
Jason Sandefur The European Commission announced six-month provisional antidumping duties on stainless steel fasteners from China, Taiwan, Indonesia, Thailand and Vietnam. The tariffs, which are effective May 22, 2005, cover...
June 02
00:00
2005
Jason Sandefur Not too long ago, remote-controlled fasteners existed only in science fiction. In an industry where nearly every manufacturer utilizes at least one machine that”s a half-century old, the...
June 02
00:00
2005
Jason Sandefur The Taiwan External Trade Development Council (TAITRA) implemented its Global Aftermarket Auto Parts Promotion (GAAP) project to help local suppliers secure OEM auto parts contracts. In addition to...
May 30
00:00
2005
John Wolz Fastener Fair Stuttgart has sold out of space in the original hall and will move to larger exhibit space. The European fastener trade show is also adding a...
May 27
00:00
2005
John Wolz After 32 years in the fastener industry Denise Muha, 50, will take an early retirement. Muha is vice president of operations at Cardinal Fastener & Specialty Co. She...
May 24
00:00
2005
Jason Sandefur Malaysian stainless steel fastener manufacturer Tong Herr Resources Bhd. is doubling its investment in its Thailand plant to 40 million rgt (US$10.5 million) to spearhead an export thrust...
May 24
00:00
2005
John Wolz “If you haven’t made your hotel reservations, please do so immediately,” Midwest Fastener Association executive director Nancy Rich advised Fastener Week 2005 participants. “Both the Hyatt Regency O”Hare...
May 23
00:00
2005
Jason Sandefur The European Commission announced six-month provisional antidumping duties on stainless steel fasteners from China, Taiwan, Indonesia, Thailand and Vietnam. The tariffs, which are effective May 22, 2005, cover...
May 13
00:00
2005
John Wolz Vertex Fasteners opened a new hub warehouse for its metric fasteners in Taunton, MA. The 110,000 sq ft warehouse is triple the size of the recently sold New...
May 12
00:00
2005
John Wolz SRC=”../images/weblogo2.gif” ALIGN=”LEFT”>Editor”s Note: The following column by Phil Matten, editor of Fastener & Fixing Europe, is part of a news column exchange with FIN. After preliminary findings supported...
May 12
00:00
2005
Jason Sandefur SRC=”../images/weblogo2.gif” ALIGN=”LEFT”>Alcoa Fastening Systems is opening a logistics center in Shanghai. AFS Shanghai, located in the Waigaoqiao free trade zone, will focus on OEM and after market sales...
May 12
00:00
2005
Jason Sandefur Fastener sales at TriMas Corp. increased 14.2% to $44.2 million during the first quarter of 2005, boosted by steel hike recoveries from customers. Adjusting for that increase, the...
May 12
00:00
2005
John Wolz The worldwide fastener industry experienced a significant pick-up in deal activity during 2004,\ “which is a very welcome change from the previous two years when deal-making in the...
May 12
00:00
2005
Jason Sandefur Four North American public fastener companies were sold to private investors or decided to de-list their stock in the past 12 months. Insolvent Canadian fastener manufacturer and steelmaker...
May 12
00:00
2005
Jason Sandefur Kaydon Corp. came close to attaining its 2000 revenue performance in 2004, as sales improved 13.5% to $333.8 million. Continued military spending and an improving economy helped Kaydon...
May 12
00:00
2005
Jason Sandefur Following months of industry speculation, PennEngineering & Manufacturing Corp. signed an agreement in January 2005 to be purchased for about $330 million in cash by PEM Holding Co.,...
