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Industry News

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South Africa ITAC urged to remove increased duty on stainless steel fasteners1089fastener
fastenerCape Town-based fastener supplier Fastenright is appealing for the removal of the customs duty that was implemented on stainless steel fasteners on April 1. The duty was imposed as part of protection measures for the loc...

China set for further manufacturing upgrades1080fastener
Once known as the "world's factory" for producing cheap goods, China is relentlessly moving into an advanced stage in manufacturing upgrades in a time when the real economy matters like never before.Two yea...

MW Industries Announces the Acquisition of Tri-Star Industries757fastener
fastenerMW Industries, announced on July 13 the acquisition of Tri-Star Industries, an industry-leading manufacturer of precision threaded inserts for plastics.Located in Berlin, Connecticut, Tri-Star was established in 1991. Th...

Go with CFDs to Find Opportunities in Japan—the 2nd Manufacturing World Nagoya Saw a Great Success1320fastener
fastenerThe 2nd Manufacturing World Nagoya saw its grand opening on April 12-14, 2017 at Portmesse Nagoya, Japan. According to organizer, Reed Exhibition Japan Ltd., the exhibition attracted 1,020 exhibiting companies and 3...

INAFASTENER—the Marketplace for Fastener and Fixing Industries1473fastener
fastenerINAFASTENER, the trade show exclusively dedicated to fastener and fixing technologies, opened on 29 March – 01 April 2017 at JIExpo Kemayoran, Jakarta, Indonesia. Huang Ting, Customer Service of CFIChina Faste...

Bossard U.S. Sales Grew 32% In The First Half Of 2017855fastener
Switzerland-based Bossard reported its fiscal results for the first half of 2017 on Thursday, led by major year-over-year growth in Europe and in the U.S.The group posted total first half consolidated sales of $408.7 mil...

Chattanooga-Based Bolts & Nuts Acquires Macon, GA Distributor906fastener
fastenerBolts & Nuts Corp., an industrial distribution firm based in Chattanooga, TN, announced it has acquired Macon, GA-based Industrial Fastening of Macon, in support of its growth and expansion strategy. With this acquis...

May U.S. Cutting Tool Consumption Rises Sharply883fastener
May U.S. cutting tool consumption totaled $191.93 million according to the U.S. Cutting Tool Institute (USCTI) and the Association For Manufacturing Technology (AMT). This total, as reported by companies participating in...

Iron and steel sector profit set to soar831fastener
fastenerFirst-half financial performance strong on back of supply-side reformChina's ferrous metal industry is set to post a strong performance in the first half of the year on the back of government measures to cut overcapa...

CFD Kicks off its 96th Stop of Global Trips at Fastener Fair Stuttgart 20171437fastener
fastenerChina Fastener Directory(known as CFD)Stuttgart, is the capital and largest city of the German state of Baden-Württemberg. Stuttgart's urban area has a population of 609,219, making it the sixth largest city in ...

CITT Amends Order Concerning Steel Fasteners from China & Taiwan1122fastener
fastenerThe Canadian International Trade Tribunal, pursuant to subsection 76.01(1) of the Special Import Measures Act, has conducted an interim review of its order concerning certain steel fasteners originating in or exported fr...

Fastenal Closed 31 Branches In Q2, But Sales & Profit Grew Faster816fastener
Fastenal  reported its 2017 second quarter results on Wednesday, highlighted by continued considerable growth figures across the board.The company posted Q2 total sales of $1.12 billion, up 10.6 percent year-over-ye...

China's auto sales back to growth in June735fastener
fastenerChina's auto sales grew again in June after two months of decline, data from the China Association of Automobile Manufacturers (CAAM) showed Tuesday.Some 2.2 million vehicles were sold last month, up 4.5 percent year...

Bossard Americas Opens Design Center In Silicon Valley1066fastener
fastenerBossard Americas has opened the first location of its kind in Milpitas, CA. The Bossard Design Center (BDC) is a space built to meet the needs of the world's leading design engineers in the Silicon Valley."This ...

EU leans toward big concession on autoparts trade with Japan876fastener
fastenerTOKYO -- European Union negotiators are considering an immediate end to tariffs on more than 90% of Japanese-made automotive parts under the proposed bilateral trade deal, eyeing reciprocal concessions from Japan on agri...

Steel sector tempers pollution844fastener
fastenerA man makes steel at a factory in Ma'anshan, Anhui province. [Photo by Zhang Mingwei/For China Daily]China's iron and steel business is scaling back on over production and clamping down on pollution.An industry i...

Würth Group Sales Increase by 7.8 Percent in H1 of 2017897fastener
fastener--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...

China witnesses growing sale of industrial robots: report750fastener
China remained the largest market for industrial robots in 2016, with sales rising by 26.6 percent year on year to 88,992, according to a report released by China Robot Industry Alliance.The advanced robots, represented ...

Shanghai Prime Machinery : Agrees to Take over 90% of CP Tech951fastener
fastenerShanghai Prime Machinery announces that the board of directors has agreed Nedscheroef Altena GmbH, an indirect wholly-owned subsidiary, to spend EUR 5.3 million taking over 90% equities in and providing shareholder loans...

NORMA Group successfully completes acquisition of Fengfan982fastener
fastenerNORMA Group, a global market leader in engineered joining technology, has successfully completed the acquisition of Fengfan Fastener Co., Ltd. ("Fengfan"). Fengfan, headquartered in Shaoxing City, China, produc...

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