Global Fastener News

NEWS BRIEFS

Tree Island Steel CEO Retires

November 19
16:40 2019
    Tree Island Steel CEO Retires

Dale MacLean became Tree Island CEO in July 2011 and held the position for eight years and five months, according to his LinkedIn account.

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Chicago Rivet Fastener Sales Decline

November 19
03:18 2019

Sales hurt by “particularly weak” sales to automotive customers “due to the global economic slowdown impacting many foreign countries.”

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Simmi: Importers Can Only Absorb So Much

November 18
01:48 2019
    Simmi: Importers Can Only Absorb So Much

More tariffs could be coming: The October 5% increase is ‘still pending’ and December could bring determination on threaded rod and stud tariffs.

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FDI Decelerated in October

November 14
15:02 2019
    FDI Decelerated in October

“Sales trends were slightly improved on an unadjusted basis, but the seasonal-adjustment factor drove the sales index down (month-to-month),” according to R.W. Baird analyst David Manthey.

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9 Firms Honored With 1st Fastener Innovation Award

November 13
15:08 2019

1Shot, Böllhoff, Bryce, Grabber, ITW, MaThread, Penn Engineering, Simpson Strong-Tie and Stanley Engineered Fastening were honored with the 2019 Fastener Innovation Award.

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Rosengarth Succeeds Chaibi At Optimas

October 31
09:16 2019
    Rosengarth Succeeds Chaibi At Optimas

Optimas Solutions credited outgoing CEO Anesa Chaibi with leading “significant change throughout the company and created a strong culture of mutual respect, collaboration and innovation with employees, customers and our supply partners.”

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Simpson Mfg. Reports Sales Growth

October 29
13:13 2019

Sales in North America rose 10.7% due to “increased sales volume and higher average product prices.”

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MSC Direct Sales Inch Up

October 27
16:22 2019

MSC Industry Supply Co. reported sales, including fasteners, rose 0.6% to $842.7 million in the fiscal 2019 fourth quarter ended September 1.

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ITW Fastener Segments Revenue Drops

October 25
15:04 2019

“While the demand environment continued to moderate across a broad cross section of our portfolio, we delivered another solid quarter with excellent operational execution,” stated CEO E. Scott Santi.

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OBITUARY: Joe Greenslade

October 24
19:47 2019
    OBITUARY: Joe Greenslade

Highly respected in the fastener industry, Greenslade began his 45-year fastener career in 1970 working for various fastener manufacturers before founding dimensional measuring devices manufacturer Greenslade and Co. in 1978. He sold the company in 2007 and began working as technical director for the Industrial Fasteners Institute, a position he called his “dream job.” 

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Stanley Engineered Fastening Sales Drop

October 24
14:28 2019

The company said “fastener share gains were offset by inventory reductions and lower production levels within automotive and industrial customers.”

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Ship & Shore Building Factory in China

October 23
14:34 2019

”With China now taking the essential steps needed to master its pollution crisis, our technical expertise will be a tremendous help for China in accelerating its ongoing progress."

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Earnest Machine Adds Sales & Marketing Personnel

October 23
11:54 2019

Founded in 1948, Earnest Machine is a global importer, distributor and manufacturer of large diameter and hard-to-find fasteners.

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Nucor Cold Finished Steel Sales Drop

October 22
11:57 2019

Nucor Corp. reported cold finished steel sales, including results from Nucor Fastener, fell 18% to 116,000 tons in the third quarter of 2019.

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Sherex Partners With G.L. Huyett

October 22
11:38 2019

Sherex Fastening Solutions LLC named G.L. Huyett a master distributor of Sherex Blind Rivet Nut Inserts and Rivet Nut Installation tools to “enrich the supply chain of the OEM fastener distribution market.”

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Packer Fastener Wins ‘Exemplary Employer Award’

October 15
12:33 2019
    Packer Fastener Wins ‘Exemplary Employer Award’

Award given by the Wisconsin Department of Workforce Development for recruiting and hiring people with disabilities.

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Boltun Corp. Building Two Plants in Taiwan

October 14
15:52 2019

Weld nuts manufacturer plans to establish plants in Rende and Yongkang districts of Tainan, Taiwan, Fastener World reports.

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Fastenal Reports 3% Fastener Sales Gain

October 11
15:59 2019

“The general slowing in economic activity that we experienced in the second quarter of 2019 continued in the third quarter of 2019,” the company stated.

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Bossard Facing ‘Challenging’ Conditions

October 10
21:50 2019

“The effects of the trade dispute between the USA and China are becoming increasingly tangible in Asia,” the company stated.

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40-Year Fastener Veteran Sleeping Outside for Homeless Youth

October 10
11:21 2019
    40-Year Fastener Veteran Sleeping Outside for Homeless Youth

Kanebridge executive volunteering for Covenant House – which has assisted 4,000 youths into ‘stable housing’ and 1,600 into getting jobs.

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