By CFM| 2016-06-28 00:00:00

Organized by Reed Tradex Company, the 2016 edition of Manufacturing Expo was held during the date from June 22-25 in BITEC, Bangkok, Thailand. Within four days of exhibition, the distributors, traders, manufacturers and specialists from home and outdoor of Thailand has joined in this fantastic show. The journalist, from ChinaFastener Magazine( CFM), witnessed this show and presented the latest information to you.                                                                                                                                Journalist of CFM Most of the visitors were from Southeast Asia and East Asia who were interested in auto parts, CNC machine, household electric appliance and etc.                               With 2,425 brands of technologies from 46 countries, Manufacturing Expo 2016 serves as a grand gateway for manufacturing and supporting industrialists to gain new machines and solutions from all over the world. Moreover, the strong presence of 6 international pavilions from China, Japan, Korea, Singapore, Taiwan and Vietnam ensures the increased level of potential business collaboration which would extend beyond the show duration.                             With honorary attendees from the Ministry of industry as well as public and private organizations from within Thailand and abroad, the show has once again confirmed a strong commitment to serve as the center stage of technology & business opportunities for entrepreneurs, business owners, parts makers, production supervisors, purchasers and other professionals in manufacturing and supporting industries. 

By National Industrial Fastener & M| 2016-05-10 10:26:28

LOS ANGELES — The National Industrial Fastener & Mill Supply Expo has recognized and awarded Bruce Wheeler, Chairman of Star Stainless Screw Company as the 2016 inductee to its time-honored Hall of Fame. The show is also recognizing its first ever Young Fastener Professional award, given to Ryan Kertis of Stelfast Inc. For 35 years, the National Industrial Fastener show has recognized and honored those individuals who have made significant contributions to the betterment of the fastener industry and for the first time ever the show will give a special shout out to the industry’s young professionals in a special, joint award recognition ceremony during the October 2016 event. Hall of Fame Winner: Bruce Wheeler The Fastener Industry Coalition committee reviewed several exceptional nominees and selected the top candidate, Bruce Wheeler, Chairman of Star Stainless Screw Company as the 2016 inductee. Backing this decision is the unwavering dedication demonstrated by Wheeler to provide the best possible service to the fastener community through a decades-long commitment that started many moons ago. Wheeler, started his career back in 1973, working in the warehouse of Star Stainless Screw Company. He worked in nearly every department of the company, moving from the warehouse to the sales department, eventually becoming the branch manager. After nearly a decade in sales, Wheeler elevated to executive vice president and then president. In all his roles and responsibilities, he believes that solid relationships with customers, suppliers, and employees are critical in a successful business and to this day he still operates with an open door policy. “The nuts and bolts of business are easy, the real challenge is in managing a vast number of employees,” Wheeler said. Wheeler is also an invaluable source as a true thought leader for young fastener professionals trying to navigate the industry. “It’s important to acknowledge that our industry is changing and we’re in need of young people who are eager to learn the ropes while we work towards moving our industry forward. And we do that by embracing fresh, new perspectives and ideas from the younger generation of fastener professionals,” said Susan Hurley, show director of NIFMSE. “We are excited more than ever to partner with the Young Fastener Professional community and we’re proud to start recognizing the next generations of young, driven leaders.” Young Professional Fastener Winner: Ryan Kertis The Fastener Industry Coalition committee has selected Ryan Kertis of Stelfast Inc. as this year’s Young Fastener Professional winner. “There were many good candidates nominated for the Young Fastener Professional award, but Ryan Kertis definitely filtered to the top of the list. As the founder of the Young Fastener Professionals association, Ryan recognizes the need to develop the next generation of fastener professionals and is creating innovative ways to help this important group acquire and develop the skills they need to succeed in our industry. We feel this, in addition to his many admirable personal qualities, merits Ryan to be the first recipient of the Young Fastener Professional award”, said Vicki Lester, Fastener Industry Coalition Board of Directors. While attending night classes at Monmouth University to complete his MBA, Kertis first post-collegiate job was with Porteous Fastener Company as an Inside Sales person in 2009. In 2012, he received a Master’s degree in business administration and was presented with an opportunity at Stelfast, Inc. as the pricing manager where he would be responsible for the development & adjustment of customer pricing on a national level. In the short period of time since he has been a part of the fastener industry, Kertis saw the potential for young professionals like himself to thrive and succeed in this industry. In 2014, he founded the Young Fastener Professionals organization that aims to empower the next generation of fastener professionals through a multitude of platforms including educating, collaborating & networking.A special recognition award ceremony to honor Bruce and Kertis will take place on the show floor in the Session Area at the National Industrial Fastener & Mill Supply Expo in Las Vegas on Wednesday, Oct. 26.

By Fastener + fixing magazine| 2016-04-27 00:00:00

Organiser Inter Ads-Brooks Exhibitions Pvt Ltd has announced that BLECH India will take place from 27th – 29th April 2017 at the Bombay Exhibition Centre in Mumbai, India. Mumbai provides the perfect location for the fifth edition of the event. The city is located in the state of Maharashtra, which is India’s leading industrial state – contributing 13% of national industrial output. Furthermore, a large number of foreign companies have already settled in the Mumbai region. The previous edition of BLECH India was in 2015 and was held from 22nd – 25th April 2015 at the Bombay Exhibition Centre in Mumbai, and attracted 3,798 visitors. The four day event drew both global visitors and exhibitors, with 147 exhibitors from 16 different countries present at the exhibition. The majority of exhibitors were Indian-based companies. However, there were also exhibitors from Germany, Italy, the USA, China, Turkey and Switzerland. The exhibitors showcased a comprehensive range of machines, tools, and solutions, for the complete sheet metal forming and fabrication process. An enormous amount of live machine demonstrations were also on display. The organisers point out that the overall impression and feedback from the visitors and exhibitors on BLECH India 2015 was extremely positive. A high percentage of the visitors to the exhibition were company owners or had buying and specifying responsibilities. The greatest number of visitors came from industry sectors that included: Mechanical engineering (31%), sheet metal products, components and assemblies (27%), steel and aluminium construction (7%), automotive industry and related suppliers (5%), as well as iron and steel production (3%).

By CFM| 2016-04-14 09:21:38

On March 30, specialists from Headquarter and Henan Subsidiary of CASIC visited CRRC Tangshan Co., Ltd, for the sake of better communication regarding fastener technology difficulties and business development. It was reported by CRRC Tangshan that the company was at present confronting with some difficulties in the aspect of key fasteners applied in key position of high-speed rail bogie and braking system, within which one kind of bolt product would impact the final assembly of the train. With the aid from CASIC, this technical problem was successfully solved. In addition, CRRC Tangshan also entrusted CASIC to conduct the failure analysis of part of its fastener products on a basis of further cooperation and communication.

By CFM| 2016-04-07 09:29:11

Since 2016 is the beginning year of the “13th Five-Year Plan”, it is showed by various sorts of statistics that the good factors for metal products e.g. fasteners will appear repeated in this five-year period. As the basic parts of metal products, Fasteners Industry will also welcome the important period of transformation & upgrading. With the development of China’s economy, the consumption of fasteners increased by year. In 2015, the market size of Fastener Industry reached around 200 Billion CNY, as the export volume of fasteners also increased yearly from 1.25 Million Metric Tons in 2005 to 2.8 Million Metric Tons in 2014. Based on the marketing analysis, in the next five years, the global demand of fasteners would rise intensively. By 2020, the demand of fasteners would total a value of around 104 Billion USD, while the Asian-Pacific Region would remain the largest market. It was also predicted that as the rising of China’s leading position among the global manufacturing industry, the annual production value of China’s Fastener Industry would reach a value of 60 Billion CNY with a growth rate of more than 10% in the future.

By CFM| 2016-04-05 09:14:35

On March 29, Liaoning Provincial Department of Science & Technology released the inspection result of the important science & technology project—“Technical & Processing Platform for Integration & Manufacturing of Key Parts applied to IC Equipments”, indicating that this project has already passed the inspection. The success of this project suggested the breakthrough in the embarrassing circumstance of depending on the import of core parts from other countries, which in a large degree improve the entire competitiveness of IC Equipment Manufacturing Industry. At present, this platform has already built as a comprehensive platform integrating precision machining, special surface treatment, and precision welding, winning the recognition of various international certifications for its surface treatment process. By the end of 2015, this platform had achieved a total sales revenue of 57.27 Billion CNY.

By Alcoa| 2016-03-31 09:24:20

Alcoa Fastening Systems & Rings has introduced the new 12.7mm (½ inch) diameter Huck® Magna-Lok® structural blind fastener, which it says is the strongest product of its type available on the market. With extremely high shear (44.4Kn) and tensile (31.1Kn) strengths, plus high resistance to joint failure, the 12.7mm Magna-Lok® fastener offers 60% and 57% respective increases in shear and tensile strengths when compared to its predecessor, the R12 9.5mm fastener. The higher strength capability provides the user with the option of installing fewer fasteners per application, thus facilitating a reduced inventory, faster production times and potentially resulting in lighter weight products. In addition to its high strength, the 12.7mm Magna-Lok has all of the features of the standard Magna-Lok® blind fastener, including a wide grip range to accommodate large variations in joint thickness; and 360° internal locking technology that enables the pin to be mechanically locked to the sleeve. Its expansion during installation also provides excellent joint tightness and high-quality resistance to liquid penetration. The 12.7mm Magna-Lok fastener has also been approved by the widely recognised Deutsches Institut für Bautechnik (DIBt). Joël Melquiot, product manager for Huck and Marson brands at Alcoa Fastening Systems & Rings, said: “Customers looking to improve their assembly processes, particularly in the construction industry, can greatly benefit from the high shear and tensile strength of the new 12.7mm Magna-Lok fastener. We also see many applications for this product in the commercial transportation, green energy, and agriculture markets, due to the high resistance to joint failure.”

By EU Commission| 2016-03-18 00:00:00

The EU-China "Steel Contact Group" met yesterday in Beijing to discuss the causes and seek sustainable solutions to the serious challenges faced by the steel sector. As the world’s largest steel producer China has an important role to play in the solution of the global overcapacity. The EU welcomed China's willingness to find solutions through dialogue and collaboration with trade partners. These dialogues should be efficient and allow concrete achievements. The goal of the meeting was to discuss the ways in which sustainable solutions for the overcapacity could be found, focusing on the state of play of capacity reduction, the newly adopted capacity reduction targets, the subsidisation policies, the behaviour and financing of the state owned enterprises. While this discussion did bring some clarifications on the capacity reduction targets and the concrete ways to find solutions, significant work remains to be done and both sides agreed to intensify the dialogue to this end. The EU underlined the importance of addressing trade distortions in an urgent and effective manner. This was the ninth Steel Contact Group meeting between the EU and China. Substantial discussions on the overcapacity problem and the restructuring of the steel industry have already taken place in the past in this bilateral forum. China has already recognised the existence of excess capacity and announced its intention to tackle the problem. Several policy instruments to deal with the issue have already been adopted by the Chinese authorities and have been subject of discussions in this bilateral forum. In addition to measures aiming to mitigate the effects of global overcapacities, the Commission is adressing the underlying causes of the problem with our main partners. At bilateral level, the Commission has set up Steel Contact Group meetings with China, Japan, India, Russia, Turkey and the United States. At multilateral level, the Commission plays an active role in the OECD Steel Committee, it will actively raise this issue at the WTO level.

By Bufab Group| 2016-03-02 09:00:23

Good growth and improved operating profit. Acquisition of Apex Stainless Fasteners Ltd. Fourth quarter 2015 Net sales rose by 15 percent to SEK 612 million (532). Adjusted for currency effects and acquisitions, net sales increased by 4 percent. Order intake exceeded net sales. Operating profit amounted to SEK 38 million (33) and was charged with acquisition costs of SEK 6 million. Earnings per share amounted to SEK 0.49 (0.51). Acquisition of Apex Stainless Fasteners Ltd, UK, with annual net sales of about SEK 300 million. Full-year 2015 Net sales rose by 12 percent to SEK 2,458 million (2,198). Adjusted for currency effects and acquisitions, net sales increased 3 percent. Order intake exceeded net sales. Adjusted operating profit amounted to SEK 197 million (192) and was charged with acquisition costs of SEK 8 million. Earnings per share amounted to SEK 3.27 (2.94). The Board proposes an increase in dividends for 2015 to SEK 1.70 (1.50) per share. THE GROUP IN BRIEF   Quarter 4  D Jan-Dec D SEK millions 2015 2014 % 2015 2014 % Order intake 618 533 16 2,463 2,195 12 Net sales 612 532 15 2,458 2,198 12 Gross profit 167 150 12 677 641 6 Gross margin, % 27.4 28.1   27.5 29.2   Operating profit 38 33 15 197 174 13 Operating margin, % 6.2 6.2   8.0 7.9   Adjusted operating profit 38 33 15 197 192 2 Adjusted operating margin, % 6.2 6.2   8.0 8.7   Profit after tax 19 20 -5 125 112 11 Earnings per share 0.49 0.51 -5 3.27 2.94 11  

By MDM| 2016-01-28 09:24:41

Canadian manufacturing sales increased 1 percent to C$50.8 billion (US$34.8 billion) in November, led by higher motor vehicle sales in Ontario, according to Statistics Canada. These gains were partially offset by declines in sales of other transportation equipment, primary metals and petroleum and coal products. In constant dollar terms, sales were up 1 percent, indicating that a higher volume of manufactured goods were sold. Motor vehicle sales rose 3.8 percent in November, the sixth increase in seven months. Sales rose 18 percent compared to November 2014. The increases in motor vehicle sales were largely the result of increases in the value of the vehicles assembled in Canada. According to the Industrial Product Price Index, the price of motor vehicles rose 12.8 percent in the 12 months ending in November. Motor vehicle parts manufacturers benefited from the increased activity in the motor vehicle assembly industry. Sales of motor vehicle parts rose 2.6 percent in November, the fourth gain in five months. Production of aerospace products and parts rose 11.5 percent in November as widespread gains were reported in the industry. The gains reflected in part a rise in the value of the U.S. dollar relative to the Canadian dollar in the month. For the three months ending in November, aerospace production was 7.6 percent lower than in the three months ending in August. Sales of miscellaneous manufactured goods rose 5.8 percent, following three months of lower sales. Year-to-date sales in the industry were up 7 percent while prices rose 2.3 percent year over year. Electrical equipment, appliance and component manufacturers reported a 6.5 percent increase in sales – the highest level reported by the industry since February 2014. However, year-to-date sales were 1.6 percent lower year-over-year. Partially offsetting the gains were lower sales in the other transportation equipment, primary metal and petroleum and coal product industries. Sales of other transportation equipment fell 18.8 percent, the third decline in four months. Month-over-month price declines were recorded by the Industrial Product Price Index for the primary metal (-2.1 percent) and petroleum and coal product (-0.5 percent) industries. Sales in Ontario grew 1.5 percent, the second consecutive gain, as motor vehicle manufacturers increased the value of their output by shifting production to higher-end and/or redesigned models. Motor vehicle parts sales rose 2.7 percent. Gains in Ontario were more widespread than the rest of the country, with higher sales reported in 18 of 21 industries, representing more than 90 percent of the sector in the province. Notably, sales of both primary metals and petroleum and coal products rose in Ontario, despite the fact that those industries posted two of the larger national declines in November. Manufacturing sales in Ontario were 4.9 percent higher than in November 2014. On a year-to-date basis, sales in Ontario were 1.6 percent higher in 2015 compared with the same period in 2014. This largely reflected weaker auto sales at the beginning of the year, which were due to retooling at motor vehicle assembly plants. Following four months of decline, sales in Quebec rose 1.2 percent in November, reflecting increased production of aerospace products and parts. Unlike Ontario, manufacturing in Quebec did not experienced sustained gains from January to November 2015. As such, year-to-date sales were 0.8 percent lower than for the same period in 2014, while sales in November 2015 were 0.9 percent lower than in November 2014. Manitoba manufacturers reported a 4.9 percent increase in sales on the strength of a 42 percent gain in the machinery industry. Machinery sales tend to be more volatile than overall manufacturing sales in the province. Sales in Manitoba increased for the fifth time in seven months and were at their highest level since December 2014. A 4.1 percent decrease in sales in New Brunswick partially offset the increases. Manufacturing sales in the province have recorded 6 declines in 11 months and were at their lowest level since October 2009. Total manufacturing inventories remained at C$73.3 billion (US$50.2 billion) in November, as higher inventories of transportation equipment, and petroleum and coal products were offset by lower inventories of primary metals and machinery. In each of the 21 industries, inventory levels moved by less than 2 percent. Inventory levels were 3.1 percent higher than in November 2014. The inventory-to-sales ratio fell from 1.46 in October to 1.44 in November. The inventory-to-sales ratio measures the time, in months, that would be required to exhaust inventories if sales were to remain at their current level. Unfilled orders fell for the 9th time in 10 months, down 0.3 percent to C$93.3 billion (US$67 billion) in November. The decline reflected widespread decreases in orders in the fabricated metal product and railroad rolling stock industries. New orders rose 3.5 percent as a result of an increase in the aerospace product and parts industry.