The new facility, which will be accredited for both ISO9001 and AS9100, will support the manufacturing supply chains in the Southeast region of the U.S.
NEWS BRIEFS
Founded in 2003, Davenport, IA-based Trinity provides supply-chain solutions relating to fasteners and other components.
Speaking before the Senate Finance Committee, U.S. trade representative Robert Lighthizer said the EU, along with Argentina, Australia, Brazil and South Korea, would be exempted from the 25% tariff on steel and 10% on aluminum. Canada and Mexico have already been excluded.
Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business, has pledged to fill 35% of any vacancies with military veterans and the economically disadvantaged during its five-year agreement with the state.
May 2-4, 2018, Southwestern Fastener Association spring conference includes moderator Baron Yarborough and panelists Tricia Dyer, Jake Davis and John Longyear. Expo follows on May 4.
U.S. companies seeking to avoid paying tariffs on steel and aluminum may have to wait as long as 90 days before an exclusion is granted.
The European Commission has published a 10-page provisional list of imported U.S. products, from peanut butter and orange juice to steel fasteners, that Europe is threatening to apply 25% import duties unless the EU is exempted from steel and aluminum duties imposed by U.S. President Donald Trump, Fastener + Fixing Magazine reports.
“(The Bolt House) acquisition, being our largest to date, was an important step in pursuing our growth strategy of acquiring companies that significantly add to our revenue and leverage our infrastructure to drive earnings.”
Monogram, which was selected out of approximately 650 suppliers, completed all program deliverables and improved on-time delivery.
The tariffs, which go into effect March 23, do not appear to directly affect fasteners and other finished steel products. But the threat of steel hikes could have a chilling effect on the U.S. economy, economists warn. Steel prices were already up by more than 12% year to date as of Feb. 27, Barron’s reports.
Inclusion of Mansco, which Fastenal acquired in March 2017, added 3.6 pps to the daily sales growth of fasteners, the company stated.
2018 trade show drew 2,900 attendees to Istanbul – with 11.2% coming to Turkey from 47 countries, show organizer Mack Brooks announced.
Together with its subsidiary KVT-Fastening, Bossard will present three different technologies at the Additive Manufacturing Expo in Lucerne from March 6-7, 2018.
American Petroleum Institute certifies Houston manufacturer.
Overall TriMas sales increased 3% to $817.7 million in 2017, with operating profit growing to $88.5 million.
Rightway Fasteners plans to install 36 pieces of manufacturing equipment by March 2019, GM Ron Miller told The Republic.
The application deadline for the next Fastener Training Institute scholarships is June 1, 2018.
Würth supplies Fiat Chrysler with products, spare parts, corporate workwear and commercial vehicle equipment in the main European countries and is sole partner for selling an original product produced by the automotive manufacturer (carpets for economy and premium car brands).
A focus this year will be light-weighting – such as titanium screws for the aerospace sector and high-end bicycles.