UPDATE: Grainger Plans To Buy European Fastener Firm For $344M | WSJ.com | #fasteners Fabory

Aug 15, 2011

W.W. Grainger Inc. GWW plans to acquire a privately owned distributor of fasteners and tools in the Netherlands for about $344 million, giving Grainger a conduit for expansion into Central and Eastern Europe.Fabory Group distributes more than 80,000 products in 14 countries, with more than two-thirds of its sales concentrated in the Netherlands and Belgium. […]

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Grainger Intends to Acquire Fabory Group | PRNewswire | #fasteners official Press Release

Aug 15, 2011

- The transaction price will be approximately $344 million (euro 242 million) and is expected to be accretive to 2012 earnings. – Grainger will host a live webcast at 10:00 a.m. EDT today to discuss this announcement. CHICAGO, Aug. 15, 2011 /PRNewswire/ — Grainger (NYSE: GWW) today announced its intention to acquire the shares of […]

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Baosteel raises main product prices for September | Chinafastener.info |#fasteners

Aug 15, 2011

* Hot-rolled coil prices for structural use up 60 yuan/T * Cold-rolled coil prices to rise 120 yuan/T * Demand for flat products set to pick up after summer (Adds details, trader and analyst quote) SHANGHAI, Aug 12 (Reuters) – Baoshan Iron & Steel Co Ltd , China’s top listed steelmaker, said on Friday that […]

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China’s Fastener Exports for 1st Half of 2011 | chinafastener.info |#fasteners

Aug 15, 2011

According to China Customs, China’s steel, iron or copper standard fastener exports for the first six months of 2011 jumped 41.5 percent to $2.2 billion with the export volume up 22.2 percent to 1.25 million tons and the average price up 15.8 percent to $1761/ton. Steel, iron or copper standard fastener export in June increased […]

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Börsenneuling Norma aus Maintal stellt Befestigungsschellen unter anderem für die Autoindustrie her | imNetz.de | #fasteners #verbindungselement

Aug 15, 2011

Maintal – Seit kurzem läuft in Maintal wirtschaftlich eine neue Zeitrechnung. Vor ein paar Wochen läutete Werner Deggim, Vorstandsvorsitzender der hiesigen Norma Group und des nach eigenen Angaben größten Arbeitgebers des Main-Kinzig-Kreises, die berühmte Börsenglocke auf dem Frankfurter Wertpapierparkett. Von Axel Wölk [...] Source via Börsenneuling Norma aus Maintal stellt Befestigungsschellen unter anderem für die […]

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FIN Interviews: Selling Fasteners in South Africa – Global Fastener News – USA | #fasteners

Aug 14, 2011

The similarities include price competition, importing from Asia, a recession, tariffs, multi-generation family companies and corporate acquisitions. Differences between the South African fastener industry and how business is conducted in Europe and the U.S [...] source and full article (via paid version)  FIN Interviews: Selling Fasteners in South Africa – Global Fastener News – USA.

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Modern Format of Vintage Fastener Drawings | ScrewCrew.com | #fasteners #fun

Aug 14, 2011

Somebody has made a high-resolution scan of some nice old fastener drawings, and you can download the file for a dollar. Since the drawings are so old, I assume there is no copyright that applies. [...] source and picture via Modern Format of Vintage Fastener Drawings | ScrewCrew.com.

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Latour acquires companies within advanced bolt securing systems | AB Latour | #fasteners | Nord-Lock Superbolt P&S Vorspannssysteme

Aug 14, 2011

2011-08-04 10:00 Investment AB Latour (publ) acquires, through Nord-Lock International AB, the US company Superbolt Inc and the Swiss company P&S Vorspannssysteme AG. Nord-Lock assumes ownership immediately. Superbolt and P&S Vorspannsysteme offer high-quality products for critical bolting applications since 1984. The two companies, which in total employ 120 people, are located in Pittsburgh, US and […]

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Why can’t we all just Twitter? | Fastenerblog.net | #fasteners

Aug 14, 2011

Posted by Traveling Salesman at 8/12/2011 10:02 PM I know, it should say, “why can’t we all just tweet?” I chose to say Twitter just to get the name out there. There is a small group of #fastener Tweeters who are trying to get the movement started. We need more of you and we have […]

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RMB closed at 6.39 against the dollar on Thursday | chinafastener.info

Aug 12, 2011

A sharp appreciation in the renminbi against the dollar in recent days – at a time when most other emerging market currencies have been falling – has prompted traders to ask whether Beijing has adopted an aggressive new stance on its currency. Over the past four days the renminbi strengthened 0.7 per cent against the […]

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