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Industry News

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Rebound puts machinery on a roll132fastener
fastenerTech-savvy Chinese firms ride global boom in construction equipmentLaypersons may not be aware, but construction machinery, an industry where China has a significant presence, is used not just for basic construction but ...

Onsite, Vending Power Accelerated Growth For Fastenal In Q3132fastener
fastenerFastenal reported its 2017 third quarter fiscal results on Wednesday, which showed continued strong growth across the board.The company posted Q3 total sales of $1.13 billion, up 11.8 percent year-over-year (YoY), with d...

Bossard Q3 U.S. Sales Boosted By Acquisition, Tesla Partnership108fastener
fastenerBossard reported its 2017 third quarter fiscal results on Tuesday, led by continued strong growth.The company posted total Q3 sales of $200.1 million, up 12.4 percent year-over-year (+11.9 percent in local currency.In th...

China auto sales rise 5.7 pct in September193fastener
China's auto sales increased 5.7 percent year-on-year in September, data from the China Association of Automobile Manufacturers (CAAM) showed Thursday. This is the fourth consecutive month of increase.Some 2.71 milli...

Inaugural Fastener Fair USA Receives Strong Association Support240fastener
Fastener Fair USA is receiving strong support from industry associations helping to create awareness and anticipation for the inaugural show. The show will take place April 11-12, 2018 at the Huntington Convention Center...

MW Industries Acquired by American Securities271fastener
MW Industries (“MWI” or the “Company”), a leading provider of highly engineered springs, specialty fasteners, machined parts, and other precision components, and American Securities LLC, a leading...

Taiwan Fastener Exports Increase 2.65% in the first eight months406fastener
fastenerTaiwan fastener exports increased 2.65% year-on-year to 1 million tons in the first eight months and the export prices rose 7% year-on-year to 2.632USD/kg. The full year export volume is expected to exceed 1.54 million t...

Automotive Plastic Fastener Market Size at $3.67 Billion by 2021397fastener
The global automotive plastic fasteners market is expected to reach USD 3.67 billion by 2021, according to a new report by Grand View Research, Inc. Increasing substitution of metal fasteners in automotive interiors owin...

Booming demand causes steel price surge709fastener
fastenerDomestic demand is fueling a rise in steel prices as China reports solid economic data.An increase in heavy truck manufacturing, excavators and robots in the first half of this year has helped drive up consumption."...

WIRE AND TUBE SOUTHEAST ASIA 2017 UNVEILS QUALITY PRODUCTS TO BOOST SUPPLY FOR THAILAND’S INDUSTRIES585fastener
fastenerBangkok, Thailand, 19 September, 2017: wire and Tube Southeast Asia 2017, was officially opened today by Mr. Kobchai Sungsitthisawad (4th from right), Deputy Permanent Secretary, Ministry of Industry.China Fastener Info ...

BULTEN CONTINUES TO GROW AND INVESTS IN A FURTHER PLANT IN POLAND361fastener
Bulten AB (publ) has decided to invest around PLN 80.5 million (approximately SEK 177 million) in a new strategically important production and logistics plant in Poland to meet future volumes. The set-up, which is condit...

Construction of Thailand-China railway project to begin soon: Thai transport minister390fastener
Thailand will start the construction of the first phase of the Thailand-China railway project in October, or no later than November, once the environmental impact assessment report is approved, said Thai Minister of Tran...

July U.S. Cutting Tool Consumption Up 16% YoY, Down From June352fastener
July U.S. cutting tool consumption totaled $170.95 million according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating i...

Fastenal Canada Fined $265K For Ozone Violations373fastener
Fastenal Canada has been ordered to pay a fine of $265,000 by Environment and Climate Change Canada (ECCC) after the company pleaded guilty to two counts of selling products containing hydrochlorofluorocarbons (HCFCs) &m...

Nedschroef has added to over 50% of PMC's revenues360fastener
Ever since Shanghai Prime Machinery Company Limited (PMC) acquired Nedschroef in 2014, Nedschroef has added to over 50% of PMC's revenues. PMC president said he will continue to bring China's automotive orders to...

China wants to ban gas and diesel cars387fastener
The country, home to the world's largest auto market, is working on a plan to ban the production and sale of vehicles powered solely by fossil fuels, officials say.The Chinese government is following in the footsteps...

China's auto sales rise 4.1% in August312fastener
China's auto sales rose 4.1% in August from the same month a year earlier, driven by strong demand for SUVs, an industry group reported Monday.Drivers in the world's biggest market by number of vehicles sold purc...

Pin Anchor Importer Challenges Chinese Nail Duty At CIT336fastener
New York (September 5, 2017, 1:28 PM EDT) -- A Michigan-based importer of strike pin anchors from China has filed a complaint with the U.S. Court of International Trade protesting a Commerce Department decision last mont...

Plane purchases expected to top trillion-dollar mark in 20 years313fastener
fastenerA worker walks past s Boeing 737 MAX-9 under construction at its production facility in Renton, Washington. [Photo/Agencies]Chinese airlines are predicted to purchase 7,240 airplanes valued at $1.1 trillion over the next...

WüRTH GENERATES EUR 6.4 BILLION IN THE FIRST SIX MONTHS OF 2017376fastener
--Sales increase by 7.8 percent to EUR 6.4 billion--Operating result increases by 21.8 percent to EUR 335 million--Number of employees grows to 73,172The Würth Group, global market leader for trading in assembly and...


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