I’m Lisa Kleinhandler, Editor-in-Chief at Fastener News Desk. It’s ’IN THE NEWS’ week of January 31st, 2022
Watch Now on FND’s YouTube Channel: FastenerTV (9:54)
In Fastener News…
The St. Louis Federal Reserve (FRED) Producer Price Index for Metals and Metal Products: Bolts, Nuts, Screws, Rivets, and Washers hit another all time high of 255.746 in December 2021. The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output.
In Acquisition News….
Fabory has made another acquisition…They announced that they have reached an agreement to acquire the fastener division of Importinox. The acquisition further strengthens Fabory’s position as fastener specialist in Portugal and the broader Iberia region. The strong strategic fit between both companies enables a stronger and more relevant proposition, building further on the deep and relevant range of specialist fasteners, quality & engineering and differentiating supply chain solutions.
Francisco Terol, CEO Fabory comments: “We are proud to welcome the Importinox fastener specialists to Fabory. We are highly impressed by their longstanding client relationships and solid value adding services. Finalizing this deal will make Fabory the market leader in the Portuguese fasteners market and we are looking to further build our positioning across Iberia.”
In eCommerce News…
Fastenal’s e-commerce business has accelerated. Fastenal reported that for all of 2021, daily sales through its e-commerce channels grew 45.2 percent vs. 2020. It grew even faster in Q4 at 48.2 percent year-over-year, representing 15.0 percent of total Q4 revenues. Overall, Fastenal said its digital products and services represented 46.4 percent of its total Q4 sales, up from 39.1 percent in Q1. CEO, Dan Florness said in recent earnings call “Our business has evolved and one of those elements is e-commerce,”. Read more in Industrial Distribution Magazine at inddist.com
In 3D Printing News….
3D printing helps French manufacturer tightens lead times for locking fasteners. JPB Système, a producer of self-locking fittings, plugs, and fasteners utilized by the aerospace, automotive, rail, marine, and nuclear industries, is conducting tests to gauge the feasibility of adding 3D printing to its mix of manufacturing operations.
The French company with offices in the U.S. and Poland has been conducting trials with an industrial-grade metal binder-jet (MBJ) printer. The results of trials to produce flight-ready parts have been “extremely positive.” Binder jetting yields robust, lighter-weight components more quickly, easily, and cost-effectively than traditional manufacturing methods such as machining and casting.
In Organization News…
2022 marks the 40th anniversary of the International Fastener Expo Fastener Hall of Fame, which recognizes professionals who have made significant and enduring contributions to the industrial fastener industry on a national or global scale. As part of the annual International Fastener Expo, the Hall of Fame inductees are selected from names submitted by people like you.
Now is the time for you to nominate someone you think has made a difference to the industry, through leadership, innovation, and education. The process is simple to submit your nomination online, go to FastenerShows.com. The deadline to submit your nominations is July 30, 2022.
The Industrial Fastener Institute is SEEKING NOMINATIONS for the 2022 Soaring Eagle Award. The award is the highest award granted by the IFI to individuals for distinguished service &/or outstanding technical contribution to the #fasteners industry. Get more info at IndFast.org
In Event News this week…
FEBRUARY 4 is the fastener training institute’s Fastener Basics Like Never Before – Electronic Assembly Hardware. This fast-paced program will cover all topics relevant to new fastener professionals and will leave you prepared for advanced learning in the FTI’s Certified Fastener Specialist (CFS) training program. Each topic is discussed in open format with real-time Q&A. Get registered at FastenerTraining.org
IF YOU LIVE IN THE SAN DIEGO, CA AREA there is a great opportunity to receive FREE IN-PERSON TRAINING! Join the Fastener Training Institute and AIM Testing Laboratory for an in-person educational program on Fastener Certifications and Test Reports.
Learn when fastener test reports are necessary, how to read them and best practices for managing and presenting data. Happening Thursday, February 10 from 3-4:30 p.m. PT
The event is free to attend, and registration is required.
See details and register at FastenerTraining.org
Fastener Training Week of 2022, in-person training class is scheduled for February 21-25 at the Industrial Fastener Institute. The advanced technical training program is offered in partnership with Industrial Fastener Institute and is beneficial training for fastener distributors, manufacturers, and end-users. Fastener Training Week offers five intensive days of education and plant tours as part of the FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this industry training in a small group environment and passing a final exam, attendees are eligible for the Certified Fastener Specialist™ (CFS) designation. For more info and to get registered go to FastenerTraining.org
Fastener News Desk has some new features to share with the industry this week…
Let’s Talk About It! Fastener News Desk wants to hear from you. In 300-500 words tell us what you think about: #thestateofthefastenerindustry #supplychain, #pricing, #3DPrinting #Workforce #DigitalTransformation #eCommerce or something else you’re passionate about that effects the industry. Your entry could be chosen to be featured at Fastener News Desk, which includes a link to your website and promo in our fastener news communities.
And in the Spring of this year, Fastener News Desk will be opening online doors to The Fastener Museum, a collection of industry memorabilia that dates back over the past decades. We welcome all fastener companies to share individual digital images of your memorabilia with us to add to the Fastener Museum and help create the largest online collection of fastener related history.
#Fastenernews #Fasteners #LetsTalk
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If you would like to share your company’s events or news, or sponsor an upcoming episode of IN THE NEWS, contact me firstname.lastname@example.org.
Thanks for tuning in to this week’s episode of IN THE NEWS with Fastener News Desk.
Until next week, be well, be safe and Keep it Fastenating.