“Our client base in Mexico is growing fast and we needed a distribution base that will allow us to get products to them as quickly as possible,” stated president Bill Drake.
NEWS BRIEFS
May 09
10:56
2018
The India-based fastener manufacturer reported domestic sales improved 16.9% “in the light of increase in production of passenger vehicles, utility vehicles, light commercial vehicle and two wheelers.”
May 06
15:28
2018
“Improvement in automotive sales and the addition of a number of non-automotive customers in the second half of 2017 contributed to the revenue increase in the first quarter.”
May 04
16:55
2018
Overall sales increased 19.1% to $409.3 million in April, while daily sales grew 13.4% to $19.5 million during the month.
May 02
23:31
2018
There are no recorded incidents of fastener workers regarding the Prop 65 chemicals, but Carmen Vertullo advises Pacific-West Fastener Association members to develop a strategy, starting with a “compliance person.”
May 02
09:26
2018
“We had a strong start to fiscal year 2018 with top line growth of 10.0% as we benefited from the acquisition of ST Fastening Systems in late 2017,” commented CEO Greg Gluchowski.
April 30
14:03
2018
“Volume growth in aerospace engines, defense and industrial more than offset the continued downturn in the industrial gas turbine market and headwinds in aerospace airframe production mix, related to fastening systems.”
April 27
14:02
2018
Boeing reportedly has competed against at least one private-equity firm to secure a deal with KLX - the former B/E Aerospace fastener division, the Wall Street Journal reports.
April 27
09:19
2018
“During the quarter, we captured increased end market demand through our refocused commercial efforts,” stated CEO Thomas Amato.
April 26
21:03
2018
Doran tells Timberline history from A&I Bolt founding in 1923 through Würth acquisition in 2014.
April 26
17:12
2018
“Despite lower than expected auto builds impacting our Automotive OEM segment, we delivered three percent organic revenue growth,” stated CEO Scott Santi.
April 25
13:06
2018
Company plans “to build a new plant in the Midwest, add new product lines, increase the size of its workforce and give out more bonuses,” according to the National Association of Manufacturers.
April 25
08:21
2018
“The automotive industry is transforming at an incredible rate,” stated General Motors senior VP Steve Kiefer.
April 23
14:00
2018
Sales, including fasteners, increased 9% to $2.8 billion in the first quarter of 2018, driven by an 8 percentage point increase from volume.
April 20
12:31
2018
“Automotive fastener penetration gains were offset by the anticipated impact from lower automotive system shipments and lower volumes within electronics.”
April 19
11:06
2018
Fastener supplier recognized as manufacturer of the year for the state of Alabama.
April 19
05:34
2018
Malaysia-based fastener manufacturer cites Vietnam's cheap labor and training costs.
April 19
05:00
2018
Componentes Innovadores, Innovative Components Inc.'s fully owned Costa Rican factory, has achieved certification of the new ISO 9001:2015 standard.
April 18
10:51
2018
Outgoing board member Jennifer Sturm was on inaugural Fastener Training Institute board.
April 17
14:32
2018
Manufacturing manager Al Shannon said the new equipment “opens up additional opportunities, enabling us to bring more drilling services in-house and allows us to take on higher volume runs of up to one million pieces.”
