The Forward Looking Index “has been on a gradual downward descent since June 2021 as supply chain issues, inflationary concerns and labor challenges have led to less-rosy forecasts of future activity,” R.W. Baird analyst David Manthey writes.
NEWS BRIEFS
February 08
19:07
2022
“Our Automotive OEM segment continued to be impacted by limitations on auto production due to component supply shortages,” stated CEO E. Scott Santi.
February 08
06:22
2022
Giddins started with Continental-Aero in 1999 in a consulting role and in 2010 became CEO.
February 07
11:18
2022
Founded in 1926, the S.W. Anderson Company supplies specialty and standard fasteners, hardware, slides, and manufacturing components for tier manufacturers and OEMs.
February 03
23:01
2022
Declines in the commercial aerospace market, primarily driven by Boeing 787 production declines, were partly offset by growth in the commercial transportation market.
February 03
18:34
2022
FSTNR Week includes the association’s 41st annual Table Top Show on August 23; its 69th annual Golf Outing on Wednesday and the MWFA Mixer on Thursday. Fastener Training Week will be conducted Monday through Friday.
February 02
12:58
2022
Private investment firm Auxo has acquired Securit Metal Products, a 70-year-old rivet manufacturer in Dowagiac, MI.
February 02
11:24
2022
Garrett Hedges has 20 years of experience in building products, distribution, tooling and manufacturing.
February 01
23:47
2022
“Strong general industrial growth was offset by market-driven aerospace declines and lower automotive OEM production resulting from the global semiconductor shortage.”
January 31
12:09
2022
Erin Waidelich has 15 years experience in industrial and aerospace fastener distribution.
January 31
11:10
2022
About 90 employees work at the facility.
January 27
14:56
2022
The new dates put the Wire show in conjunction with the International Exhibition for Metalworking Technologies.
January 27
10:47
2022
Martin Calfee of Copper State Bolt & Nut Co. and Leo Coar of Distributor’s Link were named as the first “Legends” in the fastener industry.
January 27
01:36
2022
“Finalizing this deal will make Fabory the market leader in the Portuguese fasteners market and we are looking to further build our positioning across Iberia.”
January 26
14:48
2022
In 1995, he became the sixth Industrial Fasteners Institute managing director and by the time he retired in 2017 he was longest to serve in the role.
January 24
11:39
2022
Founded in 2003, Tigard, OR-based OBI supplies industrial fasteners and electronic hardware specializing in vendor-managed inventory (VMI) and servicing customers in the Pacific Northwest.
January 24
11:39
2022
The trade show includes a fastener & wire section, which combined with the automobile & machine parts section accounts for 17.8% of the “field of interest.”
January 24
11:29
2022
CEO David Byrne saw the need for an e-commerce option for 24/7 finding and ordering hardware in addition to the sales team and business development managers working with customers.
January 20
11:08
2022
First branch in Maine gives the distributor its 16th location in now seven East Coast states plus Washington DC.
January 18
11:13
2022
Godin: Santa Fe Springs, CA-based Askew accelerates AFC’s western U.S. strategy.
