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Industry News

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NORMA Group successfully completes acquisition of Fengfan876fastener
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...

Fastenal May Sales Increase 14.9%858fastener
Fastenal Co. (Nasdaq: FAST), Winona, MN, reported sales for May of $383.4 million, a 14.9 percent increase year-over-year. Daily sales increased 9.7 percent to an average of $17.4 million.Fastener sales increased 6.7% in...

Caixin China PMI shows June manufacturing rebound852fastener
fastenerA private gauge of China's factory activity rebounded in June to show an expansion, indicating an improvement in the manufacturing sector that tallied with official data released last week.The Caixin China manufactur...

Nedschroef Acquires CP Tech to Broaden High-end Engineering Know-how796fastener
fastenerWith the acquisition, Nedschroef intends to further develop from a specialist manufacturer of fasteners to a high-end engineering company capable of engaging in the development of early-stage automotive projects working ...

Japan to Impose Tax on Steel Screws Imported from China999fastener
fastenerJapan Ministry of Finance reevaluated its Generalized System of Preferences (GSP), and excluded China's steel screws from the target of 2018 preferential tariff. China's steel screws have been entitled to zero ta...

China Targets 7 Million EV Sales Annually By 2025, More Global Offerings762fastener
fastenerChina is expecting that overall car sales will increase from 28 million in 2016 to some 35 million by 2025, and of those, every fifth car sold is to be a plug-in vehicle (or “New Energy Vehicle” as it is know...

Novaria Group buys Space-Lok868fastener
Novaria Group has acquired aerospace industry leader Space-Lok, Inc., which will now fall under Novaria Fastening Systems, the company?s collection of aerospace fastener suppliers to aerospace manufacturers across the co...

Analysts: Wait and see on RMB844fastener
Index provider MSCI's saying yes to China's A-share market might help boost the yuan's exchange rate in the short run, but market expectations in the long run depend on the country's economic fundamentals...

NanoSteel Introduces Tool Steel Material for Powder Bed Fusion 3D Printing885fastener
PROVIDENCE, R.I.–(BUSINESS WIRE)–NanoSteel, the leader in nanostructured steel materials,today announced the launch of its first product for the laser powder bed fusion additive manufacturing process. BLDRmet...

New patented tool prevents dropped fasteners1005fastener
June 15, 2017 - There are more than 50,000 OSHA recordable incidents involving "struck by falling object" every year in the United States, according to the Bureau of Labor Statistics. That's one injury caused by a dr...

Global Fastener Demand Projected to Grow 3% in 2017, According to Freedonia Industry Expert1183fastener
Global industrial fastener demand will grow 3% in 2017, a Freedonia Group researcher told the Fastener Industry Summit.Ken Long, Freedonia’s manager of capital goods research, revealed Asia is the“star”...

U.S. to Release Steel-Import Findings as Soon as This Week1030fastener
President Donald Trump’s administration will as soon as this week release results of its investigation into the impact of steel imports on U.S. national security, White House spokesman Sean Spicer said.Commerce Secretary...

Printed titanium parts expected to save millions in Boeing Dreamliner costs1014fastener
Boeing Co hired Norsk Titanium AS to print the first structural titanium parts for its 787 Dreamliner, a shift that the Norwegian 3-D printing company said would eventually shave $2 million to $3 million off the cost of ...

Manufacturing Expo 2017: Gear Up Industrial Capacity towards Success1204fastener
fastenerWe are living in an age of another industrial revolution—industrial 4.0—where advanced manufacturing techniques are closely linked with information technology, data, and analytics. This has encouraged manufac...

China, US, Germany and India to lead recovery in global steel market997fastener
Global steel industry is shaping up comparatively better than what it was at the beginning of the year. The first four months saw the crude steel production at 550.8 MT, growing at 5.2% over last year with China, US, Ger...

Comeback of the American Fastener?1411fastener
Once upon a time, the United States dominated the fastener industry. If you opened up a copy of ASSEMBLY magazine 50 years ago, you’d find pages of ads touting American-made fasteners in all sorts of shapes and siz...

UK Hafren Fasteners Rolls out New PowerSIX Security Screw1434fastener
PowerSIX is a versatile tamper resistant self-threading security screw. Ideal for all types of fencing applications, the tri-Lobular self-threading screw eliminates the need for nuts, reducing labour costs & installa...

Aerospace fasteners market expected to worth 7.73 billion USD by 2021 according to new research report1147fastener
The aerospace fasteners market is projected to grow from USD 5.49 Billion in 2016 to USD 7.73 Billion by 2021, at a CAGR of 7.08% between 2016 and 2021. Factors influencing the growth of aerospace fasteners market includ...

Bossard China Moves to New Location1450fastener
On April 25, 2017, Bossard moved its main Chinese operational unit from the Wai Gao Qiao Free Trade Zone to the Xin Zhuang Industrial Zone in Shanghai.The move provides Bossard with 16,000 m² of space. The 5,000 m&s...

Evaluation and Policy Options on Overcapacity Reduction of the Steel, Iron and Coal Industries(No.35, 2017)1197fastener
Abstract: Since 2016, the government has adopted relevant measures to cut overcapacity and suspended the operation of some enterprises and these measures have effectively restricted the production of crude steel and raw ...


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