Globalfastenernews

Globalfastenernews

Latest FIN Issue Now Online – Global Fastener News

  The latest issue of Fastener Industry News is now online. Our coverage includes the latest on the Dokka Fastener plant closing in Michigan, as well as an economic round-up and news on recent acquisitions and updates from the upcoming ... [Read More]
2015/09/23

Fastener Mechanics Using 3-D Optical Projection Technology – Global Fastener News – USA

Aircraft mechanics at Northrop Grumman Corporation are looking at their work instructions in a new light following the official start of operations for a unique optical projection system on the company's F-35 Lightning II Integrated Assembly Line ... [Read More]
2015/09/18

Construction Strong; Manufacturers Lack Confidence In August Economic Surveys – Global Fastener News – USA

The Fastener Distributor Index dropped for a second consecutive month, but a variety of economic measures showed the current strong sector is construction.  Fastener sales were weaker and pricing stagnant (...) via Construction Strong; Manufa... [Read More]
2015/09/15

September 11, 2001: The Fastener Role – People and Bolts – Global Fastener News – USA

9/11/2015 FEATURE September 11, 2001: The Fastener Role - People and Bolts As the United States marks the anniversary of the 2001 attack on the World Trade Center in New York, three stories in the Fastener History section of GlobalFastenerNew... [Read More]
2015/09/11

U.S. Fastener Activity Continues to Weaken – Global Fastener News – USA

U.S. fastener imports and exports continued to weaken in July for a fourth consecutive month. After flattening in June, U.S. fastener exports of iron and steel fasteners (HTS Code: 7318) declined 3% to $319.4 million in July, according to Zepol ... [Read More]
2015/09/11

State of Michigan Helped Fund Failed Dokka Plant – Global Fastener News – USA

The State of Michigan’s incentive program provided $950,000 in training costs utilizing income taxes on new employees to help fund the first new U.S. hot forming facility in 40 years. But uncertainty in the wind energy industry has forced that ... [Read More]
2015/09/08

Eliminating Defective Fasteners with 3D Inspection Equipment – Global Fastener News – USA

From automotive, trucking, and heavy equipment to aerospace, agriculture, and high-volume appliance/electronics, manufacturers looking to reduce weight (or for cost savings) have turned to lightweight materials like aluminum, plastics, zinc and ... [Read More]
2015/09/04

Fastener Stocks Weathering “China” Market Correction – Global Fastener News – USA

The "market correction" roiling international investors related to a slowdown in China has largely missed the fastener industry. "Investors cited more worries that a slowdown in China could hobble (...) via Fastener Stocks Weathering ... [Read More]
2015/08/28

Buffett’s Berkshire Hathaway Buying Precision Castparts – Global Fastener News – USA

Berkshire Hathaway agreed to acquire Precision Castparts Corp. for $37.2 billion cash, including outstanding PCC net debt. The price equals about $235 per share. “I’ve admired PCC’s operation for a long time,” (...) via Buffett's ... [Read More]
2015/08/19

Fastener Companies Struggle With Sales Growth – Global Fastener News – USA

Fastener companies seem to be struggling with top-line growth even as margins improve. The dilemma comes at a time of weakening fastener activity in the U.S., where fastener imports and exports weakened in June for the third straight month. ... [Read More]
2015/08/14