Global Fastener News

NEWS BRIEFS

Innovative Components Certifies Puerto Rico Plant

April 19
05:00 2018
    Innovative Components Certifies Puerto Rico Plant

Componentes Innovadores, Innovative Components Inc.'s fully owned Costa Rican factory, has achieved certification of the new ISO 9001:2015 standard.

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Roberto, Simpson Head FTI

April 18
10:51 2018

Outgoing board member Jennifer Sturm was on inaugural Fastener Training Institute board.

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Earnest Machine Adds Equipment in Ohio

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.”

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Bossard Reports ‘Gratifying’ U.S. Growth

April 12
15:17 2018
    Bossard Reports ‘Gratifying’ U.S. Growth

“Business with the largest US electric vehicle manufacturer (Tesla) was less dynamic in the first quarter,” Bossard stated. “In spite of higher production volumes, sales remained at the previous year’s level, mainly due to a change in product mix.”

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Fastenal Fastener Sales Near 12% Growth

April 11
21:08 2018
    Fastenal Fastener Sales Near 12% Growth

Overall net sales increased 13.2% to $1.18 billion in the first quarter of 2018, driven by higher unit sales.

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FDI Stalls For Second Straight Month

April 10
13:00 2018
    FDI Stalls For Second Straight Month

Commentary on market conditions was mixed, with some respondents commenting on the current strong demand environment and others expressing concerns around the recently announced steel tariffs.

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Beveridge at NFDA: Competitors Afraid to Change

April 07
14:57 2018
    Beveridge at NFDA: Competitors Afraid to Change

Employees who consider themselves “entitled” don’t innovate, Beveridge tells the National Fastener Distributors Association. Entitled employees feel they are owed vs. they need to earn, they are static rather than growing and seek to preserve vs. transform.

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Bufab Reports Strong Organic Growth

April 05
06:01 2018

Bufab’s international segment reported a 20% sales increase in Q4, with increased gross margin and lower costs as a percentage of sales, Fastener + Fixing Magazine reports.

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Fastener Shows Scheduled in India

April 05
01:18 2018

Comfast June 2019 in New Delhi and December 2019 in Gandhinagar.

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NFDA Seeks Nominations For Professional Award

April 04
09:57 2018

The National Fastener Distributors Association initiated the award in 2017 with Robbie Gilchrist of Capital Marketing as the first honoree.

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MacLean-Fogg Receives Toyota Supplier Award

April 03
10:19 2018

Metform received the award during Toyota’s 22nd annual supplier business meeting of 850 suppliers in March 2018 in Detroit.

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Lindstrom Announces Four Promotions

April 02
10:39 2018

Longen, English, Newman and Hrdlicka take new positions at the master distributor.

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Budd Retires From Trifast Board

April 01
23:54 2018

After 42 years with the company, Budd will remain on the operational team at TR Fastenings to use his 42-years of fastener industry knowledge “to pass down to the next generation of leaders within the business."

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SEFA Conference Topic: Supply Chain Management

March 29
17:55 2018

Campbell, Haggerty, Sulek and Veech are panelists at Southeastern conference will be April 24-26, 2018, in Alabama.

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Bolt Corrosion Prompts Tesla Recall of 123,000 Sedans

March 29
17:46 2018
    Bolt Corrosion Prompts Tesla Recall of 123,000 Sedans

Car manufacturer said certain corroding bolts in cold weather climates could lead to power-steering failure.

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Nedschroef Unveils Expanded HQ

March 29
12:28 2018
    Nedschroef Unveils Expanded HQ

In addition to a 28-meter wire sculpture, the building includes a central area surrounded by open work spaces and meeting rooms.

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Reilly Advises NFDA: Change Conversation From Price to Cost

March 29
09:06 2018
    Reilly Advises NFDA: Change Conversation From Price to Cost

Put yourself in the position of your customer,” Reilly advised. “Define value in customers’ terms.” He finds product is the most important at 57%; the company selling is 18%; and the individual salesperson 25%.

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Sundram Names New Managing Director

March 28
18:36 2018

Founded in 1966, Sundram Fasteners provides fasteners and other components for the automotive, infrastructure, windmill and aviation sectors.

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Taiwan’s China Steel Hikes Q2 Prices

March 27
03:40 2018

The increase marks the third consecutive quarterly price hike by CSC.

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Business Author Gordon To Give STAFDA Keynote

March 26
17:27 2018

Sisto of G-Strut will give the Associate’s speech and St. John of IBS Inc. will give STAFDA president’s annual State of Distribution address at 42nd annual convention.

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