Globalfastenernews

Globalfastenernews

FINdex Drops Despite Brisk U.S. Manufacturing – Global Fastener News – USA

While U.S. manufacturing grew in August "at the strongest pace in more than three years," according to the Associated Press, publicly-traded fastener company shares did not fare well.The FIN Fastener Stock Index has lost 4% of its overall value ... [Read More]
2014/09/04

Fastener Installation Problem Prompts GM Recall – Global Fastener News – USA

General Motors issued recalls for 2014 Buick Regal, Cadillac XTS, Chevrolet Camaro and Chevrolet Impala vehicles related to a fastener issue, GM Authority reports. "Improperly torqued fasteners may cause the steering intermediate shaft and the ... [Read More]
2014/09/02

Anixter International Leadership Selling Stock – Global Fastener News

For months, Anixter International has been shopping the company around to potential buyers. In the interim, Anixter executives and board directors have been selling significant portions of their stock in the company.(...) via Anixter ... [Read More]
2014/08/19

TCI Group Acquires Grattan Fastening – Global Fastener News – USA

TCI Investment Group Inc. – parent company to Brighton-Best International – acquired Grattan Fastening Products, according to a legal notice of bulk sale. The original Dave Grattan Company was founded in 1957 as a sales representative firm ... [Read More]
2014/08/14

Global Industrial Fastener Demand at $83b by 2016 – Global Fastener News – USA

Global sales of industrial fasteners are expected to climb 5.2% per year to $82.9 billion in 2016, accelerating from the 2006-2011 rate of expansion, according to a new report by the Freedonia Group. "The economies of many countries around the ... [Read More]
2014/08/12

Fastener Issues Drive More GM Recalls – Global Fastener News – USA

General Motors announced six new recalls affecting 717,949 vehicles across its brands, MotorTrend reports. Some of the recalls involve issues with fasteners. Included in the recalls were several models with "incorrectly installed" power seat ... [Read More]
2014/07/29

Amid News of Split, B/E Aerospace Finds Its Groove – Global Fastener News – USA

B/E Aerospace reported Consumables Management segment revenue - primarily aerospace fasteners - jumped 36.5% to $426.7 million in the second quarter of 2014. The Consumables business delivered "high single-digit organic revenue growth." On a ... [Read More]
2014/07/24

Fastener Industry News Celebrates 35 Years – Global Fastener News – USA

Editor's Note: The following is the introduction of Fastener Industry News by founder and first editor/publisher Dick Callahan on the front page of the first issue of FIN. July 10, 1979 RIDGEFIELD, CONNECTICUT - This being your first look ... [Read More]
2014/07/10

2014 FINdex Sees Modest First-Half Growth – Global Fastener News – USA

The FIN Fastener Stock Index achieved a modest 2.9% gain in the first half of 2014, compared to a 3.1% increase by an index of related industrial stocks. Eight of the 20 public companies tracked by the FINdex lost share value during the half, ... [Read More]
2014/07/06

Coalition Unveils 30-Under-30 Program – Global Fastener News – USA

The Fastener Industry Coalition approved a “30-Under-30” program to promote rising individuals in the fastener industry. Honorees will be named this autumn. The coalition of fastener organizations approved the new program during a meeting in ... [Read More]
2014/06/26