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Global Fastener News

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Malaysia Fastener Firm Increasing Exports to U.S.

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...

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Hotels Near Full for Fastener Week 2005

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...

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Asian Stainless Steel Tariffs Begin in Europe

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...

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Vertex Moves Metric Hub

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...

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Stainless Antidumping Tariffs Imminent

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...

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AFS Opens Logistics Facility in Shanghai

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...

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TriMas Fastener Revenue Grows

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...

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2004: Number and Size of Fastener Acquisitions Increase

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...

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More Companies Going Private

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...

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STOCK REVIEW: Kaydon

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...

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STOCK REVIEW: PennEngineering

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.,...

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STOCK REVIEW: R&B

May 12
00:00 2005

Jason Sandefur Double-digit gains returned to R&B Inc. during 2004, as sales rose 12.3% to $249.5 million and net income increased 28% to $17.1 million. New products, improved category management,...

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Fastener Firms Report Strong Q1 Revenue + STOCKS: TFS, Nucor, DDI, PCC, Penn, Chicago Rivet, TriMas, R&B, B/E Aerospace

May 12
00:00 2005

Jason Sandefur SRC=”../images/weblogo2.gif” ALIGN=”LEFT”>Fastener companies reported strong revenue and profit growth in the first quarter of 2005, driven by price increases to recover steel hikes that trimmed margins during 2004.\...

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AFS Opens Logistics Facility in Shanghai

May 12
00:00 2005

...

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Stainless Antidumping Tariffs Imminent

May 12
00:00 2005

...

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Fastener Week Technical Conferences Announced

May 12
00:00 2005

John Wolz SRC=”../images/weblogo2.gif” ALIGN=”LEFT”>Fastener Technology International announced eight technical conferences, which are part of Fastener Week 2005.\ Industrial Fastener & Forming International is the manufacturing-oriented trade show portion of Fastener...

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Fastener Week 2005 Technical Conferences Announced

May 11
00:00 2005

John Wolz Fastener Technology International announced eight technical conferences, which are part of Fastener Week 2005. Industrial Fastener & Forming International is the manufacturing-oriented trade show portion of Fastener Week...

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PCC Fastener Sales Grow

May 04
00:00 2005

Jason Sandefur Precision Castparts Corp. reported its Fastener Products segment saw sales rise 23.8% to $186.8 million during the fourth quarter of fiscal 2005, while operating income more than doubled...

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Leland Powell Adds Stainless

May 02
00:00 2005

John Wolz Leland Powell is expanding into manufacturing stainless steel fasteners. Products include machine screws, tapping screws and thread forming screws. In addition to working with carbon steel, Leland Powell...

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NEFDA To Hold Golf Scholarship Outing

April 27
00:00 2005

John Wolz The New England Fastener Distributors Association will hold its 17th annual golf scholarship outing on June 2, 2005, at the Oak Ridge Golf Club in Agawam, MA. The...

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