This is a time to “borrow and invest in inflation-beating investments such as new product lines or opening in a new geographic territory, Beaulieu suggested. “Lock in your lease.”
NEWS BRIEFS
June 27
12:53
2018
Hilgers, 52, will take over for Dr. Daniel Bossard, who becomes the Group’s new CEO next year.
June 26
11:50
2018
“Being named a Top Workplace is a humbling achievement, especially because the judges are our employees,” stated CEO Brad Mountz.
June 26
10:44
2018
The 42nd annual Specialty Tools & Fasteners Distributors Association convention will be October 28-30, 2018, in Phoenix.
June 21
19:19
2018
News that the European Union will apply 25% “rebalancing” tariffs on a range of products imported from the U.S., including seven categories of fasteners, comes amid reports that the U.S. Commerce Department is scrambling to assemble a team to evaluate thousands of exclusion requests.
June 20
11:52
2018
VP Braun cites raw material and labor costs.
June 19
01:10
2018
Founded in 1979, Circle Bolt supplies standard fasteners and custom specialty fasteners, as well as vendor managed inventory, for OEMs and MROs.
June 18
10:32
2018
Warehouse in Querétaro, outside sales engineers, customer service and support staff in Mexico enables EFC “to enhance our service level in the region,” said Mary Becker, VP of North American sales.
June 14
12:20
2018
LISI Aerospace has supplied Airbus since the beginning of the aircraft manufacturer.
June 07
18:57
2018
Fredrik Meuller, who holds a MSc. in Finance from the Stockholm School of Economics, will be based in the head office in Malmö, Sweden.
June 07
18:56
2018
“We’ll wait and see if President Trump is re-elected in four years,” the 83-year-old patriarch of the Würth family said. “Würth returns when he goes.”
June 03
15:48
2018
"As markets recovered and importers returned to long range, longer lead time sourcing, purchasing refocused on Taiwan from which imports continued to grow – even after the antidumping duties on China were repealed," according to Fastener + Fixing executive editor Phil Matten.
May 31
16:14
2018
"Heyco is excited to announce the recent addition of over 220,000 pieces of 28 different SKUs to Advance Components' offering."
May 31
12:03
2018
“Raw material prices and lead times were already increasing (25% - 40%),” the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid told GlobalFastenerNews.com. “This will make matters worse.”
May 24
23:53
2018
Fastener inflation panel precedes 37th annual Mid-West Fastener Association trade show on June 4 and 66th annual Golf Outing on June 5.
May 22
19:20
2018
In addition to the looming 232 tariffs on steel and aluminum, the fastener industry is also grappling with the fallout from an additional set of tariffs that could place a 25% tariff on all imported nuts.
May 21
11:19
2018
Aerospace segment gains “driven by an approximate double-digit percentage increase in both commercial aerospace manufacturing and aftermarket revenues.”
May 21
08:46
2018
Founded in 1976, AFI Industries, Inc. is a domestic cold header of screws.
May 17
11:29
2018
“The development toward more hybrid and electric cars works in our favor, as more fasteners will be needed for each car due to new materials and powertrains.”
May 10
17:55
2018
The North Coast Fastener Association Distributor Social will be Thursday, May 17, 2018, in Independence, OH.
