What Drives the World’s Fastener Industry
2011-08-22 Author: by Woodruff Imberman, Ph.D. Class:FastenerThe dark clouds facing the world’s fastener industry are brightening somewhat with the revival of global manufacturing — but they are still pretty gray.
With the fastener industry operating far below capacity, individual producers are being forced to reduce costs to meet the pricing demands of the world’s Original Equipment Manufacturers (OEMs) who buy the bulk of their output. Sadly, for fastener makers, the biggest OEM is the world’s automotive industry. It is the biggest end user of fasteners, absorbing over […]
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