Page 1 INSIDE THIS ISSUE Subscribe or advertise @ www.fastenertech.com/FastenerNewsReport.asp Initial Publications, Inc. 1741 Akron Peninsula Rd, Akron, OH 44313 USA Tl: +1 330 864 2122 • Fx: +1 330 864 5298 www.fastenertech.com Chip Lippincott Publisher Mike McNulty VP & Editor Jim Masar Senior Editor Tom Hutchinson Global Sales Manager Presented by: May 22, 2017 Volume 3, Issue 5 FASTENER TECH™ ’17: Full Slate of Events & Free Registration FASTENER TECH™ ’17 organizers announce free registration for the show through May 28, 2017. In addition to exhibits, FASTENER TECH ’17 offers vari- ous educational and networking events including the following. Why Fasteners Fail will be presented by the Fastener Training Institute ® , and instructed by Laurence Claus, from NNi Training and Consulting, Inc. This workshop will address failures in ser- vice due to improper selection and design, improper installation and corrosion/embrittlement. Introduction to Coiled Spring Pins will be presented by Christie Jones of SPIROL International Corporation. This presentation will provide an overview of how you can improve the quality of assemblies, extend the life of products, and reduce manufactur - ing costs, through designing Coiled Spring Pins into assemblies. WIFI (Women in the Fastener Industry) hosts a Seminar, in which Mi- chael Simpson, Chief Human Resources Officer, EN Engineering, will provide a look inside the art and science of talent development. Making Fasteners from Beginning to End is being presented by Fastener Technology International. Learn the fundamentals of fas- tener manufacturing from industry experts. Topics covered will include Cold Forming, Thread Rolling, Heat Treatment, Coating and Plating, Quality Control and Packaging. The presenters are Doug Schubert of National Machinery LLC, and Brian Lowry of Curtis Metal Finishing Company. There is also a free Technology Center Reception and All Industry Reception on Tuesday evening providing generous networking opportunities. And the first Fastener Industry Summit is being presented by the Fastener Industry Coali- tion at the Donald E. Stephenson Convention Center. The Fastener Industry Summit event immediately follows the conclusion of FASTENER TECH ’17. The Fastener Industry Summit will include a variety of programs that are relevant to all segments of the fastener industry. And finally, on Thursday, the MWFA hosts a Golf Outing at the Chevy Chase Country Club. registrationtechnology.swoogo.com/FT17/ www.mwfa.net • www.fastenertech.com www.fastenercoalition.org Aerospace Fastener Market Growth: 7.9% .... 2 Auto Bolt Adds Thread Roller .......................... 2 Obituary: Hans Werner Kocherscheidt ........... 3 Phillips Screw Revamps Image ....................... 3 NIFMSE Hall of Fame Nominations ................. 4 WINA’s Personnel Announcements ............ 3, 4 Volt Industrial Plastics: 25 th Anniversary ......... 5 Wrought Washer Adds Warehouses & Reps. 5 Nord-Lock’s Lifetime Warranty ......................... 5 FDI Drops to 50.2 ............................................. 6 KLX Relocation & Name Change .................... 6 Tim Malone Steps Down .................................. 7 Bossard Activity in America & China .............. 7 MWFA Offers Rebate on FIC Summit ............... 8 Virg Lindstrom Scholars Program ................... 8 Laurence Claus Christie L. Jones Doug Schubert Brian Lowry
Transcript
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Initial Publications, Inc.1741 Akron Peninsula Rd, Akron, OH 44313 USA
Chip Lippincott PublisherMike McNulty VP & Editor Jim Masar Senior EditorTom Hutchinson Global Sales Manager
Presented by:
May 22, 2017Volume 3, Issue 5
FASTENER TECH™ ’17: Full Slate of Events & Free Registration FASTENER TECH™ ’17 organizers announce free registration for the show
through May 28, 2017. In addition to exhibits, FASTENER TECH ’17 offers vari-ous educational and networking events including the following.
Why Fasteners Fail will be presented by the Fastener Training Institute®, and instructed by Laurence Claus, from NNi Training and Consulting, Inc. This workshop will address failures in ser-
vice due to improper selection and design, improper installation and corrosion/embrittlement.
Introduction to Coiled Spring Pins will be presented by Christie Jones of SPIROL International Corporation. This presentation will provide an overview of how you can improve the quality of assemblies, extend the life of products, and reduce manufactur-ing costs, through designing Coiled Spring Pins into assemblies.
WIFI (Women in the Fastener Industry) hosts a Seminar, in which Mi-chael Simpson, Chief Human Resources Officer, EN Engineering, will provide a look inside the art and science of talent development.
Making Fasteners from Beginning to End is being presented by Fastener Technology International. Learn the fundamentals of fas-tener manufacturing from industry experts. Topics covered will include Cold Forming, Thread Rolling, Heat Treatment, Coating and Plating, Quality Control and Packaging. The presenters are Doug Schubert of National Machinery LLC, and Brian Lowry of Curtis Metal Finishing Company.
There is also a free Technology Center Reception and All Industry Reception on Tuesday evening providing generous networking opportunities.
And the first Fastener Industry Summit is being presented by the Fastener Industry Coali-tion at the Donald E. Stephenson Convention Center. The Fastener Industry Summit event immediately follows the conclusion of FASTENER TECH ’17. The Fastener Industry Summit will include a variety of programs that are relevant to all segments of the fastener industry.
And finally, on Thursday, the MWFA hosts a Golf Outing at the Chevy Chase Country Club. registrationtechnology.swoogo.com/FT17/ www.mwfa.net • www.fastenertech.com www.fastenercoalition.org
Aerospace Fastener Market Growth: 7.9% ....2Auto Bolt Adds Thread Roller ..........................2Obituary: Hans Werner Kocherscheidt ...........3Phillips Screw Revamps Image .......................3NIFMSE Hall of Fame Nominations .................4WINA’s Personnel Announcements ............3, 4Volt Industrial Plastics: 25th Anniversary .........5Wrought Washer Adds Warehouses & Reps .5Nord-Lock’s Lifetime Warranty .........................5FDI Drops to 50.2 .............................................6KLX Relocation & Name Change ....................6Tim Malone Steps Down .................................. 7Bossard Activity in America & China .............. 7MWFA Offers Rebate on FIC Summit ...............8Virg Lindstrom Scholars Program ...................8
Engineered Components Com-pany (ECC), Elgin, IL, USA, an-nounces the launch of the new, rede-signed version of its website (listed below). The company said it takes this opportunity to introduce ECC and acquaint you with its capabili-ties. These include diversification of ECC’s product line, manufacturing, thousands of off-the-shelf items with complete specs and technical data, VMI programs and more.
All info is available with “one click” research, which will enhance customer confidence and exhibit a 21st century business approach.
www.engcomponents.com
WINA posts impressive Q1 results
Würth Industry of North America (WINA) has announced impressive first quarter results. WINA’s 2017
Q1 sales were US$179.2 million, an 8.3% increase from Q1 2016.
“Our mission is to provide an in-novative solution for our customers and the response continues to be positive,” said EVP Marc Strandquist.
WINA consists of a cohesive network of 11 companies in the USA, Canada and Mexico that provide custom-izable inventory management solutions for as-sembly fastener components and maintenance, repair and opera-tions (MRO). Strandquist credits WINA employees for the successful quarter.The growth is a further con-
Global Aerospace Fastener Market Growing at 7.9%/Year Through 2025According to the Research and Mar-kets report, titled, “Global Aerospace Fasteners Market Analysis & Trends - Industry Forecast to 2025”, the global aerospace fasteners market is poised to grow at a CAGR of around 7.9% over the next decade to reach ap-proximately US$10.9 billion by 2025.The report analyzes the market esti-mates and forecasts for all the given segments on global as well as regional levels. It provides historical market data for 2013, 2014, revenue estima-tions presented for 2015 and forecasts from 2016 to 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and rest of the world, the report is a valuable asset for the existing players, new entrants and future investors.
The study presents detailed market analysis with inputs derived from in-dustry professionals across the value chain. A special focus has been made on 23 countries such as USA, Canada, Mexico, UK, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive pr i -mary interviews and secondary research. Market size is calculated based on the rev-enue generated through sales from all given segments and subseg-ments in the research scope. Market sizing analysis includes both top-down and bottom-up approaches for data vali-dation and accuracy measures. The re-port provides data tables and includes charts/graphs for visual analysis.
www.researchandmarkets.com
Auto Bolt Company Adds Automatic Thread RollerThe Auto Bolt Company, a premier manufacturer of quality fasteners in Cleve-land, OH, USA, has announced the purchase of a new Ingramatic RP420 M automatic thread roller. The company said this machine provides the right solution for its market needs. This includes thread rolling after heat treat-ment of special steels and alu-minum alloys, and roll forming of complex shapes.
www.autobolt.net
Technifast Expands Range of Self-Tapping InsertsTechnifast Ltd., Corby, UK, has extended its range of self-tapping blind inserts with the introduc-tion of the largest-sized insert—the M16 x 35 mm blind self-tapping insert, manufactured from Marine Grade Stainless Steel 316 (A4), with a 2.0 mm pitch internal thread, 25 mm external OD with a shoulder and three cutting relief notches. The blind self-tapping inserts now range in size from M3 to M16, and the internal and external threads can be adapted to suit a user’s par-ticular need. These inserts were specifically developed for use in marine applications.
tinuation of WINA’s achievements. This success isn’t just limited to
WINA. The Würth Group, of which WINA is a part, posted a double record in March. It succeeded in setting both a new monthly sales and operating result record at US$1.28 billion and US$1.08 million, respectively.
www.wurthindustry.com
BaySupply.com to distribute FAR Fasteners & Tools
BaySupply.com, a division of Bay Fastening Systems, Inc., Farming-dale, NY, USA, has become a Master Stocking Distributor of the FAR line of fasteners and tools for the eastern USA.
FAR is a leading world manu-facturer of blind rivets and tools, blind rivet nuts and tools and rivet-ing control systems. The company began operations in 1957 and has its main manufacturing plant in Bo-logna, Italy and warehouse facility in Milan, Italy.
www.baysupply.com
WINA expands its talent baseWürth Group Executive VP, Marc
Strandquist, has announced the selection of Nancy Duncan as Würth Industry North America’s (WINA) new Director of Human Re-sources. Duncan will play a critical role in cultivating WINA’s greatest resource—its people. She will pro-vide strategic leadership on human resource matters.
WINA also hired Scott McDaniel as National Accounts Manager for the Group. Scott brings a decade of fastener distribution and leadership
experience to the national sales team. His cross-functional expertise will help WINA grow and expand.
Also, Joseph Hansen is now Oil and Gas Regional Sales Represen-tative for WINA, supporting Würth Snider and Würth Group member, Dokka Fasteners. Hansen will help grow WINA’s presence in the oil and gas market, giving customers access to world-class manufactur-ing capabilities, engineering and logistical experience.
www.wurthindustry.com
Warren Builders selects CAMO® for deck/porch projects
Charles Warren, Owner/Presi-dent of Warren Builders, LLC, State College, PA, USA, has selected the CAMO® Edge Fastening System
The Phillips Screw Company™ Revamps Corporate ImageThe Phillips Screw Company™, Burlington, MA, USA, has up-dated its corporate image with the launch of a new logo, to help cus-tomers, licensees and consumers better identify The Phillips Screw Company as the inventor and licensor of the Phillips cruciform drive system. Phillips has had multiple logos through the years, but most did not feature the origi-nal innovation, which made Phil-lips the most recognizable name in the fastener industry.
www.phillips-screw.com
Tioga™ Acquires Assets of Mackson DivisionMackson Nuclear, LLC, a Tio-ga™ family company, has ac-quired the business assets of Metaltek’s Mackson, Inc. Divi-sion based in Rock Hill, SC, USA.Mackson Nuclear will continue to service its customers from its present sales and distribution facility in Rock Hill. The Mackson Nuclear acquisition further ex-pands the Tioga Group’s North American footprint and increas-es the Group’s product offering, competitive advantages and customer service capabilities.
www.tiogapipe.com
May 22, 2017
Volt Industrial Plastics, Inc.700 Hwy. 202 W • Yellville, AR 72687, USA
Wrentham Tool Products has been pro-ducing Cold Heading Tools and Gauging for the fastener industry for over 50 years. We produce both special and standard tooling used to make fasteners, ranging from simple nails to high tech Aerospace screws and bolts. We maintain a large inventory of tooling, strategically located worldwide. Wrentham is proud to have the reputation for the highest quality and the most dependable delivery perfor-mance in the industry. We are licensed to manufacture TORQ-SET®, ACR® ribbed TORQ-SET®,PHILLIPS SQUARE-DRIV®, ACR® ribbed PHILLIPS®, ACR® ribbed PHILLIPS II®, MORTORQ®, HEXLOBE, TORX® and QUADREX® products.
www.wrenthamtool.com
114 Fastener Focus October2007 October 2007
Volt Industrial Plastics Inc.
Booth 751Volt Industrial Plastics’ subsid-iary JV Tool, can design and produce unique plastic fasteners and injection molded parts that you need. Our catalog contains our current parts or visit our materials page for a list of the polymers, co-polymers, and res-ins we use to manufacture our precision plastic fasteners.
At the age of 88, Hans Werner Kocher-scheidt of the EJOT Group passed away on April 14, 2017, after a short, but serious illness. Hans Werner Ko-cherscheidt always cared deeply about his home, the economy in Wittgenstein, Germany, and about the people. He had an excellent reputation not only as a businessman, but also as a lawyer and notary. Ko-cherscheidt attended law school in Mainz and Bonn, followed by a legal clerkship at the District Court of Siegen and then time as an assessor in Essen. At the end of the 1950s, he settled down as a lawyer in Bad Berleburg. In February 1959, he married his wife Gisela. From his uncle, Adolf Böhl, he inherited the screw fac-tory in Berghausen in 1960. Four years later, Kocherscheidt purchased the screw production firm, Eberhard Jaeger, in Laasphe. From both companies, he formed the EJOT Group, which now em-ploys over 3000 people worldwide and has a turnover of €450 million. Early on, Kocherscheidt recognized the necessity to set up the company internationally. The first international subsidiaries were founded in the early 1980s. Today the EJOT Group has production and sales companies in over 30 countries. For Hans Werner Kocherscheidt, sustainable business management always meant investing the profits in the company and not withdrawing them from the company.
from National Nail to ensure a quick, easy installation and safe, fastener-free look for virtually all the decks his company builds. To meet customer demand for a smooth, attractive deck surface, Warren’s crews choose the CAMO Marksman Pro™ system almost exclusively to attach deck boards.
National Nail recently expanded the CAMO Edge Fastening warranty to cover deck boards in addition to the screws, for added assurance and confidence in installing CAMO with any decking type.
www.camofasteners.com
Waubonsee collaborates with Valley Fastener for ESL training
According to local reports, sev-eral times over the past few years, Manny De-Santis, President/CEO, and Tony Coldagelli, VP/Controller for Valley Fastener Group, felt the need to do more to improve the workplace situation for their Spanish-speaking employees.
An innovative collaboration with Waubonsee Community College Workforce Development became the answer to that commitment.
The college and Valley Fastener
Group recently ran a 12-session English Second Language (ESL) class for 13 employees.
Committed to the idea of doing more for his employees and their families, Coldagelli met with staff from Waubonsee’s Workforce De-velopment Division to develop the course, and then offered to pay for the class.
www.valleyfastener.com
Nucor promotes Leon Topalian to Executive Vice President
Nucor Corporation, Charlotte, NC, USA, has announced that Leon Topalian, Vice Presi-dent and General Manager of Nucor-Yamato Steel Company, has been promoted to Executive Vice President.
Topalian began his career with Nucor as a Project Engineer at Nucor Steel-Berkeley in 1996 and was promoted to Cold Mill Produc-tion Supervisor in 1998. He has held various leadership positions throughout his Nucor career in Aus-tralia, at Nucor Steel South Carolina and Nucor Steel Kankakee. Most recently, he has served as VP/GM of Nucor-Yamato Steel Company.
www.nucor.com
WINA Names Three to Key PositionsThree employees for Würth In-dustry North America (WINA) will take on new roles and po-sitions to oversee projected top line growth and expansion. Eric Wilk, former Director of Key Accounts has transitioned to Managing Director for Würth owned company, Oliver H. Van Horn (OVH)—accelerating growth and profitability in the company’s Gulf South and Rocky Mountain regions. Marco Rodriguez will take over as Director of Key Accounts for WINA and oversee all national accounts, leading company ef-forts to maintain and expand relationships with large, multi-location customers. Rodriguez will represent the entire range of Würth products and services, lead customer planning cycles, be the point of continuity for customer headquarters and ensure effective communication between the customer and WINA locations.Also new to the WINA manage-ment team is Victor Campos. Campos now serves as General Manager for Würth Industry de Mexico. His immediate task is to develop a long-term strategy for the company in Mexico.
www.wurthindustry.com
NIFMSE Accepting Hall of Fame NominationsThe National Industrial Fastener & Mill Supply Expo (NIFMSE) ‘Hall of Fame’ was established in 1982 to recognize and honor those individuals who have made significant contributions to the betterment of the fastener industry. Individuals are not selected based solely upon their personal achieve-ments, tenure or the financial success of their respective businesses, but rather by what they did to further the industry as a whole. Inductees are recognized at a special event during the National Industrial Fastener & Mill Supply Expo, the na-tion’s largest industry gathering, receive a commemorative plaque as well as a US$500 donation to the Fastener Industry Scholarship fund of their choice.To nominate a candidate for the
NIFMSE Hall of Fame, visit the website listed below where you will also find the submission criteria.Nomination deadline for the 2017 event is June 30, 2017, with no excep-tions. Nominations received after June 30, 2017, will be added to the list of nominees for the next year.For more details, email Morgan Wil-son, Business Development Manager at [email protected]
New Warehouses & Sales Reps at Wrought WasherNew warehouses and sales reps are announced by Wrought Washer Manufacturing. The Lawless Group is representing Wrought Washer in the states of TX, OK, LA and AR. Contact The Lawless Group at: Dallas Warehouse: 11625 Columbia Center Dr., Ste 100, Dallas, Texas 75229 USATel: +1 972 247 8871 Fax: +1 972 620 1147 [email protected] Stafford Warehouse (Houston): 13833 N. Promenade, Ste. 100 Stafford, Texas 77477 USATel: +1 281 491 0353 Fax: +1 281 491 0367 [email protected] Also, Rick Rudolph and Associ-ates is now the rep for the states of NY, CT, RI, MA, VT, NH and ME.
www.wroughtwasher.com
Nord-Lock Group is First to Introduce Lifetime WarrantyThe Nord-Lock Group is the first bolting solutions partner to offer a full life-cycle warranty across all of its technologies. That means the entire life time of the
bolted connection for Nord-Lock wedge-locking washers and for Superbolt multi-jackbolt tension-ers, 10 years/10,000 hours for Ex-pander Systems pivot technology and three years/10,000 cycles for Boltight tensioning tools
www.nord-lock.com
Kennametal & Stanley Black & Decker 1st to win MSC award
Kennametal Inc. and Stanley Black & Decker have been selected
from more than 3000 companies to receive
the first Supplier of the Year awards ever presented by MSC Industrial Supply Co. MSC is a premier dis-tributor of Metalworking and Main-tenance, Repair and Operations (MRO) supplies to industrial custom-ers throughout North America.
Kennametal Inc. is a global industrial technology leader that serves many industrial segments including aerospace, earthworks, energy, general engineering and transportation.
Stanley Black & Decker is a di-versified global provider of hand tools, power tools and related accessories, and electronic secu-rity solutions, healthcare solutions, engineered fastening systems and more.
www.mscdirect.com
Buckeye Fasteners earns recognition from Cleveland Southwest Safety Council
Buckeye Fasteners, Cleveland, OH, USA, and its member compa-nies under the Fastener Industries, Inc. umbrel-la, have received recognition for their effort in preventing accidents and injuries in the workplace by the Cleveland Southwest Safety Council and Berea Chamber of Commerce.
“At Buckeye Fasteners, the wel-fare of our employees is our num-ber one priority. We are proud to receive recognition for our commit-ment to safety across our facilities. We look forward to continuing our safety initiatives and developing new training programs to educate and keep the well-being of our employees at the forefront of every-thing we do,” said Glen Thompson, Safety Manager.
This is not the first time Buckeye Fasteners has received recognition
2017 Marks 25 Year Anniversary for Volt Industrial PlasticsVolt Industrial Plastics, Yellville, AR, USA, is celebrating 25 years. Although Joe Volltrauer established Volt Indus-trial Plastics in 1992, the company’s roots actually stem from 1952, when Joe came to the USA from Vienna. Along with his worldly possessions, he brought with him the European work ethic that provided the founda-tion for the business that he eventually launched.
“Work hard and do it in such a way that you can take pride in what you do,” Joe says of his values and those of his company.For more than two decades Volt Industrial Plastics has been offering high-quality custom fastener solutions. Volt’s state-of-the-art production meth-ods allow it to deliver the exact quanti-ties customers need in an affordable, timely manner.
May 22, 2017
Don't Miss On-Demand Fastener Talk Radio!FTR is talk radio for the fastener industry, featuring guests, commentary and conversation designed to
inform and entertain fastener professionals. Available any time in streaming or download formats. Tune in
today! Log on to listen to Fully Threaded Radio:
www.fullythreaded.com
Competitively priced in both the na-tional and global marketplaces, Volt Industrial Plastics’ American-made fasteners include screws, nuts, clips, rivets, dowels, washers, spacers and many others.Volt Industrial Plastics is production-driven, but its business is not simply about filling orders. Volt also places the utmost importance on customer service. That’s why when customers call Volt, they visit with one of the company’s highly knowledgeable and friendly representatives.Volt says that while other manufactur-ers struggle to balance service, pricing and quality products, Volt Industrial Plastics has already set the mold and broken it.
www.voltplastics.com
BUSINESS & MARKET REPORT
NotebookMay 22, 2017
Page 6
for their above-and-beyond strides to maintain a safe and healthy workplace for its employees. Glenn Thompson and Buckeye Fasteners were featured in EHS Today last year for their excellent safety initiatives.
www.buckeyefasteners.com
Arconic completes debt- for-equity exchange of Alcoa Corporation common stock
On May 4, 2017, Arconic Inc. announced the completion of the exchange of its remain-ing 12,958,767 shares of common stock of Alcoa Corporation for US$428,635,000 aggregate prin-cipal amount of Arconic debt held by Citigroup Global Markets Inc and Credit Suisse Securities (USA) LLC.
The debt-for-equity exchange is intended to qualify as generally tax-free to Arconic for USA federal income tax purposes. The comple-
tion of the debt-for-equity exchange marks Arconic’s exit of its ownership stake in Alcoa.
Arconic also purchased with cash, the remainder of the debt held by Citigroup and Credit Suisse: US$1,961,000 in aggregate principal amount of Arconic’s 6.500% Senior Notes due 2018 and US$79,517,000 in aggregate principal amount of its 6.750% Senior Notes due 2018.
Taken together, Arconic actions in 2017 have resulted in the company reducing its total debt by approxi-mately US$800 million.
As was indicated at its December 2016 Investor Day, Arconic intends to reduce its debt by US$1 billion in the first half of 2017.
Arconic creates breakthrough products that shape industries. Working in close partnership with customers, Arconic solves complex engineering challenges to trans-form the way we fly, drive, build
KLX Aerospace: Washington Area Office Relocations; Herndon Name ChangeAs the final phase of the integra-tion of Herndon Products, LLC into KLX Aerospace Solutions is completed, KLX Aerospace announces that it will be opening two new facilities in the Seattle, WA, USA area. A facility in Kent, WA, USA, will be home to the Customer Support office team. And a facility in Everett, WA, USA, will be home to the Warehouse and Operations team. Both will be staffed by KLX and legacy-Herndon personnel.Also, Herndon Products, LLC is
now KLX Aero-space Solutions
Defense LLC and is a wholly-owned subsidiary of KLX Inc.
www.klxaerospace.com
Press-Form is TR Fastenings UK Agent for Haeger PressesTR Fastenings is cementing its position as a full-service sup-plier for sheet metal customers via its special relationship with Press-Form Machinery Ltd.
Press-Form is the UK’s official agent and service partner for long-standing TR Fastenings cli-ent Haeger Insert Presses.
www.trfastenings.com
The seasonally adjusted FDI for April 2017 was 50.2, remaining in expansionary territory, but declining from March’s record-high 60.0. April’s result was consistent with a slight down-tick in last month’s Forward-Looking Indicator, which foreshadowed a weaker FDI in April. Recent sales momentum slipped in April, with seasonally-adjusted sales index coming in at 43.8 (lowest since October 2016). Market con-ditions commentary says growth remains solid, though slightly below heightened expectations. Six-month outlook remains favorable, with several distributors noting strong backlogs/
Fastener Distributor Index (FDI) down to 50.2 in Aprilcustomer activity picking up. Forward indica-tors are positive, with the FDI Forward-Looking Indicator registering a seasonally adjusted 58.9, down from a peak 61.0 in February, but a slight uptick vs. 57.4 last month.Listen to Fully Threaded Radio, episode 115 with Mike McNulty for further analysis of the FDI: www.fullythreaded.com Your comments or questions are always wel-come: +1 877 332 7836
www.fdisurvey.comwww.fastenersclearinghouse.com
www.nfda-fastener.org
www.fastenercoalition.org
–recently Notebook
Page 7
BUSINESS & MARKET REPORT
Bossard Americas Opens Design Center; Bossard China Moves to New SiteBossard Americas has opened the doors to the Bossard Design Center (BDC) in Milpitas, CA, USA. This facility is the first of its kind, and as a result has been highly anticipated by suppliers and customers alike.The BDC is a 10,000 ft2 facility focused on finding and design-ing the right solutions for the company’s customers.Additionally, Bossard recently moved its main Chinese op-erational unit from the Wai Gao Qiao Free Trade Zone to the Xin Zhuang Industrial Zone in Shanghai, China. The move provides Bossard with 16,000 m² of space. And the facility’s 5000 m² warehouse of-fers room for up to 40,000 m3 of inventory capacity.
The new ISO17025-accredited engineering laboratory provides Bossard’s customers with the opportunity to have fasteners and corresponding connec-tions tested, thus ensuring high quality and advanced fastening technology consulting.
www.bossard.com
May 22, 2017
and power. The company says that through the ingenuity of its people and cutting-edge advanced manufacturing techniques, it deliv-ers these products at a quality and efficiency that ensure customer suc-cess and shareholder value.
www.arconic.com
Huttig announces partnership with Duchesne et Fils ltée & business deal with AFC
Huttig Building Products, Inc., St. Louis, MO, USA, a leading distributor of millwork, building materials and wood products, has announced an agreement with Canadian manufacturer Duchesne et Fils ltée, expanding the fastener offering at Huttig. Duchesne will manufacture
packaged and bulk nails under the Huttig-Grip brand, a division of Hut-tig providing a complete line of fas-tening solutions available through Huttig locations across the country.
Huttig has also announced an agreement with American Fasten-ers Co. (AFC), also expanding the fastener offering at Huttig. AFC will produce collated fasteners in the southwest United States, of-fered under the Huttig-Grip brand including plastic-strip round-head framing nails as well as paper-tape metal-connector nails.
The domestic production re-sulting from this agreement will complement Huttig’s complete fastener offering, one of the most comprehensive in the country.
www.huttig.com
Tim Malone Steps Down at Spring Bolt and Nut ManufacturingTim Malone of Spring Bolt and Nut Manufacturing, Houston, TX, USA, has stepped down as President in preparing for his upcoming retirement. Baron Wayne Yarborough of the company says: Tim Malone’s been invaluable to the fastener industry for over 38 years, holding executive level positions at Bolt Manufactur-ing, Walker Bolt Manufacturing and Spring Bolt and Nut. Malone began his career in the fastener industry in 1979 on the sales floor of Bolt Manufacturing in Houston. His growing knowledge and understanding of industry stand-ards and specifications became a driv-ing factor in the growth of the company. Bolt Manufacturing became Walker Bolt Manufacturing after being pur-chased by Ralph Walker. Malone was promoted to Sales Manager, where he continued to not only lead the sales force, but also mentor and train many individuals who are still in the industry today. In 1999, he was promoted to GM of Walker Bolt Manufacturing. In 2001, Malone began a partnership with Richard Sivley and Spring Bolt and Nut Manufacturing was formed. Since 2001, Spring Bolt and Nut has grown from a 4500 ft2 facility with four employees and just a handful of ma-chines to a 25,000 ft2 facility, with 15 employees and over 100 machines. Malone is considered by many in the
fastener industry as the go-to person for knowledge and advice about fas-tener specifications and the require-ments they contain. But if you ask many Houston fastener people about Tim, they will tell you a story about six bolts that sold for a total of US$25,000. In 1995, Tim quoted and received the order for six 1-3/8(8) x 31.50 per print round cylindrical head bolts made out of T310 high-temperature stainless with a less than one-day delivery. Raw material for these fasteners was located in the USA state of California. So how do you get over 200 lb of stainless round bar from California to Houston in four hours? Charter a jet, which Tim did. Ultimately, the bolts were manufactured and delivered in just 16 hours.
The team at Spring Bolt and Nut thanks Tim Malone for his 16 years of service and for all the knowledge he’s shared and instilled in the minds of many fastener professionals. Richard Sivley, will be taking the leadership reins for the company, keeping his current title of “Senior Havoc Manager”.
In its continued effort to support the Fastener Industry Coalition (FIC) Fastener Summit, the Mid-West Fastener Association (MWFA) says that it will rebate back US$50 for the first attendee from each MWFA member company who at-tends the Fastener Summit.
The effect of the rebate is to re-duce the admission price to US$100 for every MWFA member company employee to attend this education and informational event. Rebates will be mailed to member com-panies after the event takes place. The rebate is in addition to funds already committed to this event by the MWFA, which also participates on the FIC board.
MWFA encourages fastener industry associations and their members to continue promoting this industry-wide event that follows FASTENER TECH ’17 on June 7, 2017.
www.mwfa.net
Dates & Venue Set for Fastener Fair Turkey 2018
The next Fastener Fair Turkey takes place at the IFM–Istan-bul Expo Centre, March 15 to 17, 2018, in Istanbul, Turkey. Occupying two halls, next year’s event will be the fourth of these exhibitions of fastener and fixing technology to take place in Turkey. It will bring together producers, wholesalers and resellers/distributors and end users of fastener systems for both industrial and construction ap-plications as well as suppliers of fastener manufacturing equipment and materials.
Exhibitors have been quick to respond to this latest opportunity, as a year ahead of the exhibition 91% of stand space has already been booked by more than 120 compa-
nies from Turkey, France, Germany, Italy, the Netherlands, Spain, China and Taiwan.
Fastener Fair Turkey 2016 at-tracted a total of 1700 visiting man-agers, engineers and buyers. Most were from Turkey, but some 10% were foreign visitors, representing 38 countries. Wholesalers and dis-tributors accounted for half of those visitors, while 21% were end users. Most of the remaining visitors were fastener and fixings manufacturers.
Visitor quality was also high, with Managing Directors, Board Members and entrepreneurs ac-counting for 50% of the attendees. The remaining attendees were engineers and technicians, depart-ment heads, senior managers and purchasers.
www.fastenerfairturkey.com
Virg Lindstrom Scholars Program Announced
Lindstrom Fasteners, Blaine, MN, USA, in partnership with Virg Lindstrom, is proud to announce that it will now offer a scholarship opportunity to help craft the next generation of fastener technology enthusiasts.
The Virg Lindstrom Scholars Program seeks to reward individu-als—whether pursuing a career in the fastener industry or elsewhere —who are hardworking, entrepre-neurial and studious.
The program award of US$2000 is open to any Lindstrom employee and his or her immediate family who is enrolled in or has been ac-cepted to an accredited college or university.
In order to apply, you can download the application from the website listed below and send to [email protected] by July 31, 2017.
www.indstromfasteners.com
May 22, 2017
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June 5 – 7, 2017
FASTENER TECH™ ’17, Rosemont, IL, USA www.fastenertech.com www.mwfa.net
June 7, 2017 Fastener Industry Summit Rosemont, IL, USA www.fastenercoalition.com
June 20 – 21, 2017 Fastener Fair Mexico 2017 Mexico City, Mexico www.fastenerfair.com/mexico
June 20 – 21, 2017 NFDA/New England Fastener Distributors Association Joint Meeting Boston, MA, USA www.nfda-fastener.org
June 22 – 24, 2017 Fastener Expo Shanghai 2017 in China shcn.fastenerexpo.cn
August 11 – 12, 2017 Fastener Fair India New Dehli 2017 New Delhi, India www.fastenerfair.com/delhi
August 23 – 26, 2017 Pac-West Fall Conference Whistler, British Columbia, Canada www.pac-west.org
September 19 – 21, 2017 Fastener Special Show at wire Southeast Asia 2017, Bangkok, Thailand www.wire-southeastasia.com
