Lawless has four warehouses in Texas and Louisiana.
NEWS BRIEFS
Volt dates roots to 1952, when Joe Volltrauer immigrated to the U.S. from Austria. After working as an apprentice tool and die maker, he started JV Tool in 1973 and in 1992 began using his mold and tool making expertise to produce Volt plastic fasteners.
China's fastener exports reached 2.75 million tons during 2016, with the value totaling $4.54 billion, according to ChinaFastener.Info.
Lawless has four warehouses in Texas and Louisiana.
Strandquist: “Our strategic acquisitions and expanded logistics capacity have been key in upholding our commitment to customer service.”
Organic revenue increased 3.5%, while the 2016 acquisition of Engineered Fasteners & Components (EF&C) added 3.8% to revenue.
“We were particularly pleased to see Engineered Fastening exceed its growth projections based on better than expected automotive performance,” stated CEO James Loree.
Six leadership changes affect company's North American rail market divisions.
Downstream steel products shipments to outside customers decreased 3% from the fourth quarter of 2016 and increased 3% from the first quarter of 2016.
The National Fastener Distributors Association and New England Fastener Distributors Association will meet June 20-21 in Boston, following NEFDA table top meeting on June 19.
Company accelerating lower pricing structure "to accelerate growth with existing customers and attract new customers sooner than planned."
New financial guidance predicts an additional 2% revenue increase and an additional 3.5% increase in adjusted net earnings and adjusted net earnings per diluted share.
WINA is a part of the Würth Group, a global supplier of 100,000 assembly and fastening materials, chemical products and personal protective equipment with more than EUR 11.8 billion in sales for 2016.
The Hilco Industrial April 20-26, 2017, auction is due to the closure of the Southern Fasteners plant in Mississippi.
Added capacity in China and Vietnam is expected to boost automotive component sales to 20% of overall revenue within three years.
Quarterly results were improved by a 1.5% gain in fastener sales in February, marking the company’s first uptick in fastener sales since the third quarter of 2015.
“Cooperation with the largest U.S. electric vehicle manufacturer (Tesla Motors), which is continually increasing its production volumes, is reflected in the substantially higher sales.”
“Mackson brings to Tioga an impeccable reputation for high quality and excellent service in the supply of fasteners and critical components to the Nuclear Power industry,” stated Mackson Nuclear president Andrew Keiser.
The Specialty Tools & Fasteners Distributors Association members will meet with at least three members of Congress during the 5th annual events in Washington, DC.
“Most of our customers continue to express an improving outlook, particularly those in our core metalworking market,” stated CEO Erik Gershwind.