“In response to the reduced demand for our products, we have taken steps to reduce expenses where practicable, including reductions in staffing and work schedules.”
NEWS BRIEFS
August 06
11:47
2020
Declines in the commercial aerospace and commercial transportation markets due to the pandemic drive revenue decrease.
August 06
11:10
2020
Site provides information on benefits and specifications and demonstration videos of Brankamp Machine Monitoring Solutions products.
August 05
19:59
2020
Sales declined noticeably in all three regions EMEA (Europe, Middle East and Africa), Americas and Asia-Pacific.
August 04
13:10
2020
Bulten-owned PSM Taiwan will transfer its operations to the new site, approximately 30 minutes from the existing one.
August 04
13:07
2020
The United States-Mexico-Canada Agreement replaced the North American Free Trade Agreement on July 1.
August 03
10:32
2020
Q2 Aerospace segment revenue impacted by “significantly lower air travel and reduced commercial and business jet production related to the global pandemic.”
August 03
09:48
2020
R&R Engineering added six high speed bent bolt machines for threaded fasteners, bringing their total to 89 special roll threading machines.
July 31
20:09
2020
ITW reported Automotive OEM revenue, including fasteners, fell 54% to $361 million in the second quarter of 2020. Automotive OEM operating loss totaled $28 million, while operating margin plummeted to -7.8%.
July 31
19:29
2020
The combined companies will be led by the DeVries family (Midwest Fastener) and Bass/Kaufman (Hy-Ko).
July 31
19:13
2020
He succeeds John Thramann, who is retiring after 50 years with ND.
July 30
18:12
2020
Stanley Black & Decker reported Engineered Fastening organic revenues fell 35% in the second quarter of 2020 “due to lower global automotive light vehicle and general industrial production.”
July 30
12:40
2020
Harding joined Century in 2003 to create the centralized purchasing division, and became Atlanta branch manager in 2011.
July 29
17:03
2020
Relocation expands space for inventory and streamlining internal operations.
July 29
15:10
2020
Improved sales in the repair and remodel market from consumer shift toward home renovations related to ongoing shelter-in-place orders.
July 28
21:22
2020
“The expertise and knowledge of Randy and Matt enables Optimas to embrace continuous growth and future innovation,” commented Marc Strandquist, president of the Americas.
July 27
13:26
2020
The Pacific-West Fastener Association, Southeastern Fastener Association and Southwestern Fastener Association were to meet in San Antonio.
July 23
14:43
2020
During the second quarter, the company recorded a $109 million pretax loss from the sale of the Fabory business, which it agreed in June to sell to Dutch capital firm Torqx Capital Partners for an undisclosed sum.
July 22
11:30
2020
“We have expanded into this 30,000 sq ft facility that will give us more room to better serve our customers,” the company stated.
July 21
11:10
2020
“Considering the current backdrop of a global pandemic, were are more than satisfied with this relatively stable development,” stated chairman Robert Friedmann.
