Podcast Transcript:
INTRO By Cris Young: “Hello, fastener enthusiasts and industry professionals, Cris Young here LIVE in the FastenerTV studio! Welcome to your weekly roundup of the latest in fasteners—industry news, trends, upcoming events, and scholarships. Let’s dive into this week’s episode of In the News with Fastener News Desk!”
HOST: Lisa Kleinhandler, Editor-in-Chief, Fastener News Desk. Reporting the latest news making headlines the week of October 21, 2024.
Watch now on FastenerTV at YouTube: (9:26)
IN THE NEWS
October 17, 2024, the European Commission launched an anti-dumping investigation concerning the import of screws without heads originating from China. This move follows a complaint lodged by the European Industrial Fasteners Institute (EIFI) on behalf of the EU fastener industry. The investigation aims to determine whether Chinese imports are being dumped and causing harm to the European market. Read more:
European Commission Initiates Anti-Dumping Investigation on Chinese Headless Screws
Fastenal Company (Nasdaq: FAST) (herein ‘Fastenal’) has promoted Donnalee K. Papenfuss to the position of Executive Vice President of Strategy and Communications effective November 1, 2024. In this newly created role, Ms. Papenfuss will lead marketing and drive strategic initiatives in the areas of technology, sales, and environmental, social, and governance (ESG). Additionally, she will enhance communication efforts to support these initiatives and ensure alignment with Fastenal’s overall business objectives. Read more:
Fastenal Names New Executive Vice President of Strategy and Communications
Boeing’s Union Says It Will Vote on New Proposal to End Strike. The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years. Which is a significant increase over the previous proposal and close to the amount initially sought by the Union. The deal also includes a bonus of $7,000 should workers ratify the deal, and the reinstatement of performance bonuses that were set to be cut. The union, the International Association of Machinists and Aerospace Workers, said that the vote on the proposal would take place on Wednesday.
The Bossard Group has signed an agreement to acquire the German distributor Ferdinand Gross Group. The Ferdinand Gross Group is one of the leading distributors of fastening technology in Germany and is celebrating its 160th anniversary this year, they employ approximately 260 people, with locations in Hungary and Poland.
Bossard Group Signs Agreement to Acquire German Ferdinand Gross Group
Global standards organization ASTM International has been selected by NIST the National Institute of Standards and Technology to launch a center of excellence focused on supporting standardization of critical and emerging technologies (CETs). The new Standardization Center of Excellence will be led by ASTM with multiple partners from across the standards development ecosystem. Read full release:
ASTM International Selected to Lead Standardization Center of Excellence
FASTENER POP QUIZ – Version: 4 [What are C-Parts?]
Learn more about C-Parts:
Bufab: https://www.bufab.com/en/insights/c-parts-inventory-optimization
FASTENER INDUSTRY EVENTS
Mid-West Fastener Association 2024 Hall of Fame Inductees, Scholarship Award Winners & MWFA Board of Directors Elections. Speaker: Joe O’Neil. November 7th, 2024, at Belevedere Banquest in Elk Grove Village, IL. Register: https://www.mwfa.net/member/event/scholarship-awards-elections-2/
Registration is open for the Pac-West After Hours: Newark event! Happening on November 7, 2024. Meet other people in the fastener industry and expand your professional network. Pac-West will host one beverage per person along with complimentary appetizers. https://www.pac-west.org/
The FTI announced that the final Fastener Training Week of 2024 will take place in Cleveland at the HQ of the Industrial Fasteners Institute November 18-22. The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week – five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the CFS designation. Register now: FastenerTraining.org
The stories featured in this week’s episode of IN THE NEWS can be found at Fastener News Desk or in our feed @FastenerNews at X.com the twitter rebrand, on LinkedIn in the Fastener News Group and @FastenerNews at Threads!
If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com.
Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.
Until next week, be well and keep it fastenating.
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Fastener Industry, Fastener News, Fastener News Desk, Fastener News Podcast, Fastener Pop Quiz, Fastener TVIN THE NEWS with Fastener News Desk the Week of October 14, 2024
