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Industry News

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Fastenal Canada Fined $265K For Ozone Violations541fastener
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 revenues529fastener
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 cars499fastener
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 August390fastener
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 CIT436fastener
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 years420fastener
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 2017525fastener
--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...

Bossard Reports Semi-Annual Earnings Growth & High Profitability475fastener
The Bossard Group made remarkable strides during the first half of 2017: Not only did the Group maintain a high level of growth, it further improved its above-average profitability.The increase in EBIT by 30.2 percent to...

China's electric car industry on fast lane for growth532fastener
China's electric car industry has seen rapid growth in the past few years, with growing sales and an improved industry ecosystem, according to an industry association.Production and sales of electric cars have surpas...

China launches new round of environmental inspections613fastener
China launched a new round of central environmental inspections covering eight provincial-level areas, as the country finishes nationwide investigations into local environmental protection efforts, according to an offici...

China official manufacturing PMI is 51.7 for August, above expectations457fastener
fastenerWorkers at the Zhong Tian (Zenith) Steel Group factory in Changzhou, Jiangsu.China reported Thursday that its official manufacturing Purchasing Managers' Index for the month of August came in at 51.7 — above ex...

China Steel Corp says prices to rise in fourth quarter603fastener
China Steel Corp, Taiwan's largest steelmaker, on Aug 25 said it is raising the prices of steel products for delivery in the fourth quarter by an average of 5.6 percent to reflect soaring raw material costs.The compa...

Watermill Group acquires UK-based industrial fastener supplier, Cooper & Turner561fastener
fastenerUS investment firm Watermill group has completed the acquisition of Cooper & Turner – a manufacturer and distributor of high-strength, large diameter fastener systems for a range of applications, including wind...

Chin Well warns of lower FY17 earnings625fastener
fastenerPenang-based Chin Well Holdings Bhd, a carbon fastener and wire rod producer, has warned that it is expecting a lower pre-tax profit for the financial year ended June 30, 2017 (FY17).The first of four reasons it listed f...

Construction of first phase of Thailand-China railway project to start in October558fastener
fastenerBANGKOK — China and Thailand are working together to sign two contracts of the first phase of Thailand-China railway project in September to begin the construction work of the first section in October, Chinese Emba...

Jiaxing Fastener Exports Increase in H1 of 2017607fastener
fastenerJiaxing's fastener exports increased by 20.48% year-on-year to USD 479 million in the first half of 2017, while fastener imports grew by 15.73% year-on-year to USD 15 million.Jiaxing Fastener Export Highlights in H1M...

China's steel prices pick up, but big rises unlikely: industry group408fastener
fastenerA worker works at a steel factory in Dalian, Northeast China's Liaoning province. [Photo/VCG] China's steel prices have begun to rise, but an industry group tried to calm the market Tuesday, saying the increase w...

Metalex Vietnam 2017 - Dynamic Playground for Industrial Advancement459fastener
fastenerHo Chi Minh City, July 2017 - Further strengthening and enhancing the manufacturing industry, especially in metal working, metrology and automation, Reed Tradex forces to reorganize the 2017 edition of “Metalex Vie...

Manufacturing Expo 2017, a Vehicle to Drive Industrialists towards Industry 4.0 with Confidence634fastener
fastener"Manufacturing Expo 2017" which was held during 21st – 24th June 2017 at BITEC, Bangkok, is a vehicle to drive industrialists towards Industry 4.0 with confidence. This is a trusted technology launch pad ...

June U.S. Cutting Tool Consumption Up 6% Year-Over-Year567fastener
fastenerJune U.S. cutting tool consumption totaled $186.57 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...


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