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Böllhoff acquires SNEP S.A

By Fastener+Fixing| 2021-08-06 22:29:25

Böllhoff Group recently acquired the company SNEP S.A, a French manufacturer of special fasteners for the aerospace industry based in Montbrison. With this acquisition, Böllhoff aims to strengthen its own activities in the aerospace market segment.With the 100% acquisition of SNEP, Böllhoff is further expanding its market position in technical fasteners for the aerospace industry. In the future, SNEP will be seamlessly integrated into the international aerospace activities of the Böllhoff Group and is expected to play an important role in the further expansion of this business sector within the company."France is an important aerospace market for Böllhoff," says Michael W. Böllhoff, managing partner. “The acquisition of SNEP helps us to be closer to key customers and to fulfil their individual requirements even better in future." SNEP's manufacturing know-how expands the Böllhoff Group's current manufacturing competencies for the aerospace sector, particularly in the areas of turning and machining. SNEP is also supposed to benefit from the affiliation with the Böllhoff Group - for example from its many years of experience in the field of innovation as well as in joining lightweight materials. The long-term goal of the takeover is to further strengthen SNEP's development competence and thus become a local development partner for the aerospace industry in France."Last year, the aerospace sector suffered greatly from the effects of the Covid-19 pandemic," emphasises Wilhelm A. Böllhoff, managing partner. "In the medium term, we expect business there to recover - and thanks to the acquisition of SNEP, we will then be in an even stronger position to meet our customers' requirements."

Hilti back to growth

By Fastener+Fixing| 2021-08-05 20:04:41

In the first four months of 2021 Hilti Group increased sales by 14.7%, to CHF 1.925 billion (€1.75 billion). In local currencies, growth amounted to 16% compared to the same period of the previous year.CEO Christoph Loos commented: “The recovery trend in the global construction industry has continued and we have made a good start to the new fiscal year. It is pleasing to note that we have not only made gains compared with the low basis from 2020, but also achieved growth of around 6% in local currencies versus the first four months of 2019.”Compared with the first four months of the previous year, the Europe business region recorded a sales increase of 22% in local currencies. In addition to a solid growth rate in Northern and Central Europe the dynamic recovery in the Mediterranean countries, in particular, contributed to this result. In the Americas, the 9.9% increase was broad-based, highlighted by the positive development in Canada and Brazil. Asia/Pacific posted a 13.6% increase in sales, despite the very serious ongoing Covid-19 situation in India. By contrast, growth in the Eastern Europe/Middle East/Africa region was only slightly positive (+5%) and still below pre-crisis levels due to the unchanged problematic situation in the Middle East.Currency developments in the first four months of 2021 were also pleasing. The weakening tendencies of the Swiss franc since the last quarter of 2020 have roughly aligned Group-level business performance in local currencies with the picture in Swiss francs.Due to the strong base effects compared to the lockdown phase of the previous year, the current growth rate is not indicative of the months to come. For the full year, the Hilti Group continues to expect a sales growth in the high single-digit range in local currencies.

Fastener Fair Stuttgart 2021 postponed: the 9th International Exhibition for the Fastener and Fixing Industry will take place from 21-23 March 2023 in Stuttgart, Germany

By Fastener Fair Stuttgart| 2021-08-03 20:48:32

Mack-Brooks Exhibitions today announced the postponement of Fastener Fair Stuttgart 2021, which was scheduled to take place at the Messe Stuttgart Exhibition Centre in Germany from 9 to 11 November 2021. Instead the 9th International Exhibition for the Fastener and Fixing industry, will return to its normal event cycle and run from 21–23 March 2023. This decision was made due to the ongoing pandemic and following conversations with exhibitors and partners over the past weeks and months. Liljana Goszdziewski, Portfolio Director of Fastener Fair Stuttgart, and on behalf of Mack-Brooks Exhibitions, commented about the announcement: “Following our decision to postpone Fastener Fair Stuttgart, we are pleased to be able to offer our usual event slot in Spring 2023. This early announcement will allow planning security for all participants, and it will ensure that the event can continue its critical role in bringing the global fastener and fixing industry together again in 2023.”In the meantime, Mack-Brooks Exhibitions will run the new digital event, Fastener Fair CONNECT, allowing the international fastener and fixing community to gather in a dedicated online marketplace, which will offer an online showcase and additional networking opportunities for all the industry. From 17-18 November 2021, this international fastener get-together will unite all the global Fastener Fair brands, including Germany, Italy, Mexico, USA and India. Fastener Fair CONNECT will lead the way to a series of roadshow events, planned to run in 2022, which will offer fastener and fixing professionals opportunities to meet and stay connected with the industry. Fastener Fair Italy, already planned from 30 November – 1 December 2022, will be one of the events in the series. Detailed information on dates and locations will be released in due course. The Fastener Fair Stuttgart Team will communicate closely with customers and partners over the coming weeks and months and thank their exhibitors, partners, suppliers and visitors for their continuous support. Fastener Fair Stuttgart is the global flagship exhibition of the Fastener Fair brand. The show is the world’s leading meeting place for the fastener and fixing industry. It is part of a series of targeted trade events for the fastener and fixing industry, including Fastener Fair Italy, Fastener Fair Turkey, Fastener Fair France, Fastener Fair India, Fastener Fair Mexico and Fastener Fair USA. For updates and further information, please visit the event website: www.fastenerfairstuttgart.com 

Würth Group reports double digit sales growth

By Fastener+Fixing| 2021-08-02 21:05:16

Würth Group has reported sales of €8.4 billion in the first half of 2021, up 20.9% over the same period last year. Adjusted for currencies, sales grew by 22.6%. In Germany, Würth Group generated sales of €3.4 billion (+16.4%), with the companies abroad achieving total sales of €5 billion (+24.3%).Robert Friedmann, chairman of the central managing board of the Würth Group, commented: “That our growth in the first half of 2021 came out so strong despite the pandemic has exceeded all our expectations. It is especially great to see that almost all business units are growing.”The month of April was historic for Würth Group, with achieving monthly sales of €1.42 billion, which translates into year-over-year growth of 50.5% (adjusted growth: 47.6%).Adolf Würth GmbH & Co KG, the parent company and at the same time largest individual company in the Group, also did well: In the first half of 2021, it generated sales of €1.25 billion including intra-Group sales (+17.9%).At €520 million, Würth Group’s operating result in the first half of 2021 is well above that of the previous year (2020: €280 million). The outbreak of the Covid-19 pandemic at the beginning of 2020 put a considerable drag on the operating result in the second quarter of 2020. Strong sales growth across almost all business units, combined with lower costs due to the Covid-19 pandemic (e.g travel, conference and trade show costs), are now positively impacting the 2021 result.

WÜRTH France invests EUR 60 million in ANNEX to logistics hub in Erstein

By Xinhuanet| 2021-07-27 00:00:00

“At the end of 2020, we got the go-ahead for this immense project to modernize our logistics hub. It goes to show the close ties the Würth family has to the Alsace site and also illustrates the willingness to continue the successful operation of our company. Thanks to our sound cash flow and sufficient equity capital, we can finance the project from our own resources. „ Claude Kopff, Managing Director of Würth FranceWürth France, the largest single company of the globally operating Würth Group outside Germany, is set to invest in the modernization of its Erstein logistics hub, thus strengthening Würth's footprint in the Bas-Rhin region and increasing the hub’s size by 6,000 square meters. Among others, the company plans to build a fully automated high-bay warehouse. For Würth France, this expansion constitutes the largest investment since the company’s foundation in 1967.Greater customer proximityIn the main, the optimized logistics strategy aims to increase productivity, shorten delivery times, improve order handling and create workstations that are more ergonomic. With this step, the company strives not only to step up customer satisfaction and remain a competitive player in the market, but also to safeguard jobs in the long run.Temporary parcel storage allows for the consolidation of customer orders in the fully automated warehouse. The specialist for fastening and assembly materials thus creates its own base for the handling and consolidation of flows of goods. If orders comprise several packages, the packages already prepared wait for the remaining packages in the shuttle. Customers will thus receive fewer individual packages. This internal consolidation also reduces environmental impact.In addition to building the new annex, large parts of the existing logistics hub will be modernized. Besides installing a new conveyor system, the company sets great store by making the employees’ workstations more ergonomic.Largest logistics investment at the Erstein siteThe total investment volume for the modernization project and the entailing reorganization of logistics processes amounts to over EUR 60 million. Construction works are set to start in 2022. Completion is scheduled for 2024. In the 2020 fiscal year, Würth France generated sales of EUR 576 million with more than 4,000 employees.

China Focus: BRI brings western China, global businesses closer

By Xinhuanet| 2021-07-12 21:05:32

At an ongoing trade fair in Lanzhou, capital of northwest China's Gansu Province, Uruguayan wine merchant Eduardo Rivero treated his guests to some nice wine produced at his chateau in Uruguay."Like my home back in Uruguay, Gansu is a major wine producer in China. I'm looking forward to exchanges and cooperation with local winemakers through the fair," said Rivero.The 27th China Lanzhou Investment and Trade Fair opened Thursday, attracting representatives of business associations and commercial establishments from 19 countries, including Belarus, Nepal and Moldova.Uruguay is one of the guests of honor at this year's event. Fernando Lugris, Uruguayan ambassador to China, said the growing market in western China has offered tremendous investment opportunities for Uruguayan enterprises."We see strong economic complementarity between Uruguay and Gansu Province. We will focus on cooperation on dairy products, olive oil and the meat industry this time," he said.According to Lugris, Uruguay is the first country in the Southern Common Market to sign a memorandum of understanding on the Belt and Road Initiative (BRI) with China, and is ready to tap into more business opportunities in western China.Benefiting from the BRI and the operation of the New International Land-Sea Trade Corridor, western China, which previously developed less rapidly than the eastern coastal area, is now on the frontier of opening-up.At a forum held at the fair, Li Yanqiang, president of Beibu Gulf Port Group in south China's Guangxi Zhuang Autonomous Region, said that the corridor, which connects about 10 western provincial-level areas like Sichuan, Yunnan and Guizhou, saw 2,902 freight train trips in the first half of 2021, up 72 percent year on year. The number of categories of delivered goods has surged from some 30 in 2017 to more than 500 now."We have developed nearly 10 different kinds of national logistics hubs along the corridor, showing the great potential of the western Chinese market," said Li.Better services in transportation and infrastructure have brought more foreign merchants and investors to western China. Marteza Akbari, a sales representative for Iranian carpet, displayed their exquisite carpets and handicrafts at the fair.He said that his business remained bullish on the western Chinese market partly due to the improved logistics facilities."I hope the BRI will tap substantial business opportunities so that more foreign entrepreneurs like me can benefit in western China," he said. Enditem

Great Wall Motor vehicle sales up 6 percent

By Xinhuanet| 2021-06-08 23:29:13

Great Wall Motor, China's leading sport utility vehicle (SUV) and pickup manufacturer, saw auto vehicle sales grow by nearly 6.2 percent year on year in May.In a filing with the Shanghai Stock Exchange, the company said it sold a total of 86,965 motor vehicles last month, up from 81,901 units in the same month a year ago.Vehicle sales in the January-May period totaled 517,547 units, a year-on-year increase of 65.3 percent, the carmaker said.Headquartered in Baoding, north China's Hebei Province, Great Wall Motor owns several SUV and car brands, including HAVAL, Great Wall, WEY, and ORA. Enditem

BYD new-energy vehicle sales nearly double in April

By Xinhuanet| 2021-05-10 20:44:09

China's leading new-energy vehicle (NEV) manufacturer BYD reported surging sales in April, company data showed.In a filing with the Shenzhen Stock Exchange, the Shenzhen-based company said its sales of NEVs, including purely electric vehicles and plug-in hybrid electric vehicles, surged 97.5 percent year on year to 25,662 units in April.In the January-April period, BYD sold 80,413 NEVs, up 128.5 percent year on year. Enditem

China's iconic sedan brand Hongqi sees rosy sales in Jan-April

By Xinhuanet| 2021-05-05 20:34:44

Hongqi, an automobile brand under China's leading automaker FAW Group Co., Ltd., posted rising sales in the first four months of the year.A total of 91,900 Hongqi-branded vehicles were sold from January to April, up 132 percent year on year, according to FAW Group.The group plans to double its 2020 sales of Hongqi vehicles to 400,000 units this year. The brand has rolled out multiple high-end models as well as new energy vehicles.Hongqi, meaning "red flag," is China's iconic sedan brand. Established in 1958, the brand has been used in parades for national celebrations.Founded in 1953 in the northeastern city of Changchun, capital of Jilin Province, FAW Group is regarded as the cradle of China's auto industry. Enditem

Chinese market fuels Volkswagen deliveries in first quarter

By Xinhuanet| 2021-04-23 21:22:09

Volkswagen Group's global deliveries rose 21.2 percent year-on-year to 2.43 million vehicles between January and March, Germany's largest carmaker announced.The result was driven by the carmaker's performance in China where 990,600 vehicles were delivered during that period, up by 61.4 percent year-on-year. Of Volkswagen Group's vehicles delivered in the first quarter, almost 41 percent were in China.Volkswagen Group deliveries in North America and South America from January to March also recovered, up by 16.1 percent and 10.3 percent respectively.In the Western Europe region, however, deliveries fell by 4.6 percent year-on-year to 735,000 vehicles during the period.The Volkswagen Group's sports car brand Porsche and its luxury brand Audi performed the best, and increased their total deliveries from January to March by 35.5 percent and 31.1 percent respectively. Enditem

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