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Industry News

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China reports stronger excavator sales in January930fastener
China's excavator producers reported stronger sales in the first month of 2018, data with China Construction Machinery Association showed Wednesday.Twenty-five leading excavator makers sold 10,687 digging machines in...

January Fastener Distributor Index Posts Strong Gain993fastener
fastenerFCH Sourcing Network and the National Fastener Distributors Association released their monthly Fastener Distributor Index (FDI) for January on Tuesday, showing a considerable increase over December.The seasonally-adjuste...

Fastenal Sees Daily Sales Rise 12% In January, Promotes Blue Team981fastener
fastenerWinona, MN-based Fastenal reported its January sales information on Tuesday, led by continued strong year-over-year sales growth, though daily sales growth was at a slower pace than in previous recent months.Fastenal pos...

Official: China's steel demand has peaked922fastener
fastenerWorkers at a steel plant in Luoyang, Henan province. [Photo by Huang Zhengwei/For China Daily]China's demand for steel has peaked and the coming 14th Five-Year Plan period (2021-25) will witness a decrease in steel c...

U.S. Manufacturing Expanded At the Fastest Pace in Three Months1050fastener
fastenerU.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004, the Institute for Supply Management said on January 3.The...

Taiwan Fastener Exports Hit Record High1153fastener
fastenerTaiwan fastener exports volume reached 1.59 million tons in 2017 with the value of around 4.3 billion USD, hitting the highest record.The recovery of North America’s economy and the rise of steel prices mainly cont...

Bossard Announces Pending CEO Transition1023fastener
fastenerZug, Switzerland-based industrial fastener distributor Bossard announced Monday that it will have a CEO transition in 2019.On April 8, 2019, current CEO David Dean will step down at his own request after 15 years with th...

China's manufacturing activity expands slower in January996fastener
fastenerChina's manufacturing sector expanded at a slower pace in January, official data showed Wednesday.The country's manufacturing purchasing managers' index (PMI) came in at 51.3 this month, decelerating from 51....

Made in China 2025 roadmap updated1099fastener
fastenerEmployees of China Railway Shanhaiguan Bridge Group Co, based in Qinhuangdao, Hebei province, solder components used for building bridges. [Photo/Xinhua]China aims to become the world's leading manufacturer of teleco...

5th edition of Fastener Taiwan 2018 to open in April with expected 410 exhibitors1224fastener
fastenerThe 5th Taiwan International Fastener Show (Fastener Taiwan 2018), organized by Taiwan External Trade Development Council (TAITRA), co-organized by Kaohsiung City Government, implemented by TAITRA and Taiwan Industrial F...

Chinese steel ends Western monopoly1044fastener
fastenerChina's special steel enterprises have successfully developed an array of high-tech and high value-added products to break the monopoly of established rivals, including those in France, the United States and Japan.Th...

Würth Industry North America Announces Senior Leadership Appointments1185fastener
fastenerWürth Industry North America (WINA) on Wednesday announced the appointments of Mike Buchanan and Miseal Mena to its senior leadership team.Buchanan has been named Vice President of Finance, and Miseal Mena, currentl...

Stanley B&D Grows Sales 17% In Q4, Acquires Nelson Fastener Systems996fastener
fastenerStanley Black & Decker (SBD) reported its 2017 fourth quarter and full year financial results on Wednesday, showing continued accelerated growth for the industrial supply giant, while it also announced a major acquis...

China plans to industrialize smart car technology955fastener
China plans to push forward the development of smart cars and achieve the industrialization of key technology in the field, an official with the country's top economic planner said Monday.China will unveil a three-ye...

Fastenal Sales And Profits Soared In 2017 On Vending, Onsite961fastener
fastenerFastenal reported its 2017 fourth quarter and full year fiscal results on Wednesday, which showed continued strong growth across the board.For the fourth quarter, total sales of $1.09 billion jumped 14.8 percent year-ove...

Midwest Wholesale Hardware Acquires Strauss Lock Distributors1036fastener
fastenerHigh Road Capital Partners recently announced that its portfolio company, Midwest Wholesale Hardware (Kansas City, MO) has completed the acquisition of the assets of Strauss Lock Distributors for an undisclosed amount.Ba...

China auto sales shrink in December, end year up 1.4 percent837fastener
fastenerChina's auto sales shrank in December and ended 2017 up a lackluster 1.4 percent over a year earlier as the popularity of SUVs helped to offset falling demand for sedans, an industry group reported Friday.Last month&...

Interview: BMW optimistic about electrified car prospects in China1018fastener
With an eye to launching more electrified vehicles in China, German automaker BMW is optimistic about selling more such eco-friendly cars in the world's fastest-growing market, BMW chief financial officer Nicolas Pet...

indometal 2018 grows alongside upbeat infrastructure demand and positive growth in Indonesia's metal and steel sectors1030fastener
fastener16 January 2018 – The outlook is strong for indometal - international metal and steel trade fair for Southeast Asia scheduled to take place in Jakarta from 17 to 19 October 2018 at JI Expo, Kemayoran. With just under a y...

Fairmont Supply Acquires Fastener Distributor THB Inc.906fastener
fastenerWashington, PA-based MRO supplied distributor Fairmont Supply Company, on Friday announced that it has acquired Salt Lake City, UT-based fastener distributor THB Inc. Terms were not disclosed.THB, which also has a locati...

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