Bulten has 125 employees in Russia, where it has been running its business through a joint venture with the automotive manufacturer GAZ since 2012.
NEWS BRIEFS
Founded in 1969, Texas-based K-T Bolt provides custom fabrication, closed-die forging, in-house heat treating, and electropolishing.
Sales rose 22.4%, boosted by market share gains in growth industries such as robotics, electromobility, railway vehicle construction and medical technology.
He was the general manager of Carson’s Nut, Bolt & Tool Inc. of South Carolina.
Founded in 1983, Chicago Fastener Manufacturing (CFM) is a U.S. manufacturer of cold headed metal fasteners for on and off highway applications.
The expansion will bring the plant to 100,000 sq ft for production and inventory of 100 million parts.
“We want the aftermarket consumers to know that when they buy a Threadstrong wheel fastener, they can trust it was made in the U.S.A. to all of the needed safety specifications,” MFCS fastener division president Rob Whitey said.
Simpson Manufacturing Co. promoted current COO Mike Olosky to President and COO of the company.
ASF executive VP Nick Giorgio credited Metro Detroit team members for making the award a reality.
Jude Nosek, vice president of marketing and new product development for Keson, will speak at the October 30-November 1 convention in San Diego.
FFUSA said details about a networking event, educational programs and hotels for the May 16-17, 2023, program would be announced later.
Founded in 1988 by Antonio Cerejeira in Northern Portugal, Importinox markets specialized fasteners and plating.
“As expected, the strong demand continued in the fourth quarter,” stated CEO Johan Lindqvist. “We delivered a strong organic growth of 19 percent, explained by solid underlying demand in all segments, price increases and increased market shares.”
Preston Boyd succeeds former Hill Fastener chairman Bob Hill, who retired from the IFI at the end of 2021.
Melrose, MA-based Rudolph Associates will represent Goebel Fasteners in New England, New Jersey and New York.
Advance registration to attend May 17-19 trade show in Detroit is $25.
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.
“Our Automotive OEM segment continued to be impacted by limitations on auto production due to component supply shortages,” stated CEO E. Scott Santi.
Giddins started with Continental-Aero in 1999 in a consulting role and in 2010 became CEO.
Founded in 1926, the S.W. Anderson Company supplies specialty and standard fasteners, hardware, slides, and manufacturing components for tier manufacturers and OEMs.