Category: News

Business Leaders as Catalysts for Change

Today’s CEO creates opportunity through innovation and customer awareness. Strong cultural values come from the top. by Bob Woods Innovation and leadership have always been closely linked. For example, when Milwaukee inventor Warren Johnson developed the first electric thermostat in 1885, it led to the development of Johnson Controls, a company that has gone on to have a steady track record of innovation. George Oliver, CEO of the company since the fall of 2017, has become a leading proponent of agile business innovation, and a guide to the technological and social crosscurrents facing industrial companies. Oliver is a veteran of three...

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Materials Testing in the Aerospace Industry

Aerospace is a demanding industry for new product development and quality control. AZoM talks for Dr. Mike Keeble from Buehler about how they are rising to the materials testingchallenges set by the Aerospace Industry. Please could you start by telling us about Buehler and what you provide to the aerospace industry? Buehler is a division of Illinois Tool Works (ITW) – a global, Fortune 200 company and manufacturer of value-added consumables and specialty equipment with related service businesses. Buehler is the premier manufacturer of scientific equipment and supplies for the preparation of materials for microscopic analysis. We work in...

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2018 First Quarter Manufacturers’ Outlook Survey

2018 First Quarter Manufacturers’ Outlook Survey   At the NAM’s September board meeting, President Trump declared tax reform would be “rocket fuel” for the economy. Indeed, in the first survey since enactment of the historic tax reform bill, 93.5 percent of respondents registered a positive outlook for their company, the second highest level recorded in the survey’s 20-year history. Additionally, optimism among small manufacturers registered its highest level ever recorded with a reading of 94.5 percent.   Read More Optimism is High Following Tax Reform   Tax Reform Fuels Manufacturing Growth and Investment     “Empowered by tax reform...

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Fastener News Talks With Fastener Fair USA at the Inaugural Event in Cleveland!

“More than 2,000 registrants attended the show representing professionals from the entire supply chain, exceeding the expectations of the show organizer, Mack Brook Exhibitions, Inc. There were over 250 exhibitors from 20 countries looking to connect with customers in the heart of the Midwest manufacturing region representing a variety of industries like distribution, automotive, aerospace, energy, civil engineering, and construction”.     Some of the Event Highlights and Sessions Included: Fastener Fair USA ribbon cutting ceremony The “Future of the Fastener Industry” industry expert panel sponsored by Earnest Machine Products, which attracted nearly 100 attendees looking for industry forecasts...

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Fastener Fair USA Review

April 13, 2018 | travelingsalesman    Fastener Fair USA was held in Cleveland, Ohio over the past three days.  I’m probably going to be a bit biased as Cleveland is my home town and the convenience factor cannot be ignored.  Still, I think the show was great, especially for an inaugural show. There were a lot of attendees from Ohio, Michigan, Pennsylvania, Indiana, Kentucky.  Speaking with show management during the show, they confirmed there was a lot of activity from those areas but they also assured me they will share demographic information with me in order to see who else was...

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International Fastener Expo Secures Dates Through 2020

FOR IMMEDIATE RELEASE North America’s Most Established Gathering of Fastener Industry Professionals Secures Dates for International Fastener Expo through 2020. Los Angeles, CA (April 12, 2018) – The International Fastener Expo (IFE), first established in 1981 and holding consecutive events for more than three decades, has secured the Mandalay Bay Convention Center for its annual prestigious event, through 2020. IFE 2018: October 30 – November 1 IFE 2019: September 17 – 19 IFE 2020: September 28 – 30 Event organizer Emerald Expositions has leveraged decades of relationship-building to secure the Las Vegas dates for an unprecedented multi-year contract, allowing...

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Fastener Company Acquisitions Completed During the Second Half of 2017

About the Author: RICHARD P. HAGAN Richard P. Hagan is the president of Pinnacle Capital Corporation, a boutique investment banking firm which specializes in providing merger & acquisition advisory services to the global fastener industry.  Since its founding in 1993, Pinnacle has provided expert guidance and assistance to a broad range of fastener company clients – large and small, manufacturers and distributors, publicly-traded and privately-owned – in numerous countries around the world.  The majority of the projects undertaken by Pinnacle are sale / divestiture assign-ments. The firm also provides expert advice and assistance with acquisitions, strategic investments, joint venturepartnerships, debt &...

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Overcoming mobile measurement challenges to drive brand lift and sales growth

            Matt Lawson Director of Marketing, Performance Ads at Google   Mobile has become an extension of consumers, and a critical tool in every marketer’s toolkit. Google’s Director of Marketing, Matt Lawson, sat down with Bain & Company‘s Global Marketing Practice Lead, Laura Beaudin, to discuss how brands can use mobile to engage consumers and drive growth.   Consulting firm Bain & Company has been helping brands discover business opportunities and rise to new challenges for more than 40 years. In recent research with marketing leaders, they found that the brands succeeding today are those...

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Connect And Collaborate With Your Peers at Fastener Fair USA

Connecting and collaborating with other professionals in your industry is one of the best parts of face-to-face events and we recognize how important networking opportunities are for the fastener and fixing industry. To that end, we have planned several networking opportunities to help you meet and build relationships with your industry peers.   Fastener Fair USA is turning out to be the industry show that you just can’t miss. Every week, new exhibitors, educational sessions, and events are being added to Fastener Fair USA, scheduled for April 11-12, 2018, in Cleveland, Ohio.   We spoke with Andrew Pfeifer, Business...

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North Coast Fastener Association Hall of Fame Dinner & Award Ceremony

Fastener News Desk was an attendee at the North Coast Fastener Association’s Hall of Fame dinner last Thursday evening. It was well attended event and for those there it was a reminder of how we all started in this industry.  That this event was even possible is a story in itself. Marty Nolan, aka Traveling Salesman, being the adventurous guy that he is wondered what happened to the industry’s physical Hall of Fame bricks that had been installed in front of the original home of the Fastener Show in Columbus, OH. He took a road trip to Columbus and...

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Foreverbolt® Sets New Standard for Stainless Steel Fasteners

SIGNAL HILL, Calif., Feb. 4, 2016 /PRNewswire/ — Over 15 years in the making, NL-19 is Foreverbolt‘s proprietary lab-tested treatment that modifies the surface of stainless steel products, producing a brighter finish, increased strength, and superior corrosion resistance all without affecting the fastener’s exterior dimensions. The Foreverbolt NL-19 treatment is an advanced corrosion protection that can dramatically reduce future maintenance and repair costs. “Stainless steel fasteners have remained unchanged since their creation nearly 80 years ago,” explains company founder Patrick Vogel. “Under normal conditions ordinary stainless fasteners will corrode and fail, resulting in unwanted replacement and maintenance costs. The NL-19 treatment modifies the surface...

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The Future of 3D Printing

The Future of 3D Printing by Scott Fawcett Now more than ever, manufacturers are having to respond to increased connectivity and digitisation in the industry. Driven by the changing demands of customers, manufacturers must be dynamic and flexible, responding quickly to find solutions that meet customers’ requirements. This industry evolution, more commonly known as Industry 4.0, will shape the future of 3D printing. Put simply, Industry 4.0 describes the current transformation of manufacturing practices towards a more automated and data driven model and 3D printing is a vital building block in that evolutionary process. As the rate of technological...

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INFOGRAPHIC: The Facts About Manufacturing

There’s a very old parable, thought to have originated in the Indian subcontinent, of six blind (or blind-folded) men asked to describe an elephant. They reach different conclusions depending upon which part of the elephant they touch: Side – it’s like a wall Leg – it’s like a tree Trunk – it’s like a snake Tusk – it’s like a spear Ear – it’s like a fan Tail – it’s like a rope The point is that people have the tendency to project their partial observations to represent the entirety of something.  Each man was “correct” in their assessment, they...

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Global Applications for the Stanley+Techstars Additive Manufacturing Accelerator Now Open!

HARTFORD, Conn., Feb. 5, 2018 /PRNewswire/Stanley Black & Decker (NYSE: SWK) and Techstars today announced that the application period for the Stanley+Techstars Additive Manufacturing Accelerator is now open. Last month, Stanley Black & Decker and Techstars, one of the world’s best startup accelerators, announced the formation of a three-year partnership and the launch of the Stanley+Techstars Additive Manufacturing Accelerator in Hartford. This mentorship-driven, entrepreneurial accelerator program will select 10 startups in the additive manufacturing space to participate in its first year. The Stanley+Techstars Additive Manufacturing Accelerator will focus on additive manufacturing, which includes technologies that build 3D objects by adding layer-upon-layer of material....

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Stanley Black & Decker Has Reached An Agreement To Purchase Nelson Fastener System

Stanley Black & Decker (NYSE: SWK) has reached an agreement to purchase Nelson Fastener Systems, a manufacturer of fasteners and studs, from Doncasters Group for approximately $440 million in cash. The acquisition does not include Nelson’s automotive stud welding business, according to the seller. Founded in 2016, Nelson is a global distributor of fasteners and fastening systems. The target manufactures industrial products made from a variety of materials, including: carbon steels, stainless steel, alloys and more. The Elyria, California-based company operates as a subsidiary of Doncasters serving the aerospace, automotive, construction, energy, industrial, marine and military markets. Doncasters’ divestiture of Nelson comes as the...

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HD Supply Enters into Definitive Agreement to Acquire A.H. Harris

HD Supply Construction & Industrial – White Cap expands its market leading branch footprint, value-added products and solution services for existing and new customers.   ATLANTA, Jan. 03, 2018 (GLOBE NEWSWIRE) — HD Supply Holdings, Inc. (Nasdaq:HDS), one of the largest industrial distributors in North America, today announced that it has entered into a definitive agreement to purchase A.H. Harris Construction Supplies, a leading specialty construction distributor serving the northeast and mid-Atlantic regions. The purchase price is approximately $380 million. The transaction is expected to close in HD Supply’s first fiscal quarter of 2018 subject to obtaining customary regulatory...

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Brown Gibbons Lang & Company: M&A Accelerates in B2B Distribution

Cleveland, OH– December 14, 2017 – Liquidity is fueling deal making, with B2B Distribution seeing a rising level of merger and acquisition activity that is broad-based, according to the Industrials Insider, an industry report released by Brown Gibbons Lang & Company (BGL). Corporate and private equity buyers are highly active across all distribution sectors, with participants seeking opportunities to build scale and geographic footprint and expand into complementary products and markets.   Corporates have made recent headlines with notable targets in play, including Allied Building Products (Beacon Roofing Supply), the Waterworks Business of HD Supply (Clayton Dubilier & Rice), and Praxair...

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Here’s Why Aerospace Supply Chain Provider KLX Is Probably Going Private

  Aerospace supply chain provider KLX (NASDAQ: KLXI) jumped more than 9% just before Christmas after the company said it had retained bankers to explore strategic alternatives, including a potential sale. One particular alternative seems to make the most sense in this case. And that outcome would be a disappointment for investors seeking to make this under-the-radar company part of their long-term portfolio.   Airlines and aerospace companies rely on distributors like KLX to deliver spare parts quickly.   The nuts and bolts    KLX was spun out of airplane-seat maker B/E Aerospace in December 2014 following a push by activist Relational...

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Five Steps to Being a “Smarter” Manufacturer

Five Steps to Being a “Smarter” Manufacturer Smart Manufacturing By Tab Wilkins of NIST MEP There’s no question the digital manufacturing revolution is racing at us. As a small or medium-sized manufacturer, how close are you to already being “smart”? Here are five steps in the journey to becoming a smarter digital enterprise. First and foremost, be cybersecure. Cybersecurity is an underlying tenant of being a smart and trusted business partner. The more you rely on a digital platform for manufacturing, the more secure you’ll want to be for customers, suppliers and investors. The NIST MEP website has several cybersecurity resources...

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Unmasking Digital Transformation: 6 B2B Drivers for 2018

A look at the evolving trends of digital transformation as they relate to B2B companies in 2018. Nick Candito | Dec 05, 2017   By the end of this year, two-thirds of the Global 2000 CEOs will have digital transformation at the center of their corporate strategy. Many companies understand that moving operations off of paper is a natural first step, but many fear selecting something too narrow or burdening the organization at large with some Stone Age product. With those two ends of the spectrum, what does it really mean for companies to embrace digital transformation? Back in the ‘80s, the big...

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Forces of change: The future of mobility

Forces of change: The future of mobility A number of forces are converging to change the way people and goods travel from point A to point B. The resulting new mobility ecosystem could have wide-reaching impacts that span a host of industries and players.   Executive summary The entire way people and goods travel from point A to point B is changing, driven by a series of converging technological and social trends: the rapid growth of carsharing and ridesharing; the increasing viability of electric and alternative powertrains; new, lightweight materials; and the growth of connected and, ultimately, autonomous vehicles. The...

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How “Smart Bins” are Improving Industrial Supply Chains

Walk into any of the most high-tech manufacturing facilities, distribution centers or warehouses, and you’re likely to find a bin arrangement that feels out of place and dated. Bins, arranged in rows that are stacked on top of each other, hold all the vital parts and supplies that keep business moving – fasteners, tools, tape, wiring, personal protectiveequipment and anything else that can be imagined. But even as the supply chains for other parts of these operations have become more modern and advanced, bins are often stuck in the past. Many bin arrangements offer no visibility into the flow...

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Photo Gallery: 2017 International Fastener Expo | Fastener News Desk

International Fastener Expo | 2017 Show Wrap-Up https://www.fastenernewsdesk.com/20254/international-fastener-expo-2017-show-wrap/           Fastener News Desk Announces The 2017 Best Booth Awards Winners! https://www.fastenernewsdesk.com/20060/fastener-news-desk-announces-2017-best-booth-awards-winners/           Best Booth Award Winner AMPG Gives the Nuts and Bolts of Their Booth Design https://www.fastenernewsdesk.com/20227/best-booth-award-winner-ampg-gives-nuts-bolts-booth-design/         Rotor Clip Hits It Out of the Ballpark with Diamond Anniversary Theme Booth...

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The Future Looks Bright for Additive Manufacturing

As more companies embark on their digital transformation, they are increasingly reevaluating their manufacturing processes. They’re exploring how 3D printing can enhance and augment traditional manufacturing methods. Additive manufacturing is a powerful force within digital manufacturing, bringing new applications and markets into focus. In the future, the additive manufacturing market is predicted to reach $55.8 billion by 2027, according to a recent report by Smithers Pira. Here is how we think the future of 3D printing will enable this journey: Traditional versus Additive Manufacturing: A Seismic Shift Traditional manufacturing processes such as machining and injection molding have emerged as industry standards for high-volume mass production over...

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Fastener Fair USA to Bring Exhibitors from the Entire Supply Chain

  Fastener Fair USA is ramping up to be the “can’t-miss” event in the fastener and fixing industry, scheduled for April 11-12, 2018, in Cleveland, Ohio. Every week new exhibitors, educational sessions and events are being added.   An important reason to attend the show is seeing exhibitors from the entire supply chain together in one place. Whether you are a manufacturer, distributor, supplier, OEM, or end user, the show will offer a firsthand look at the latest solutions and technology available in the marketplace.   “Fastener Fair has been very successful in Europe especially, and we look forward...

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Fastenal Museum to Showcase Humble Beginnings: Public Invited to the Private Museum

Kyle Farris | Winona Daily Newes | Nov 24, 2017 On Nov. 28, 1967, a small hardware store opened for business at 69 Lafayette St.in downtown Winona, drawing little fanfare and even fewer customers.   Now, 50 years later, Fastenal is a Fortune 500 company and the largest fastener distributor in North America, supplying nuts, bolts, screws and more to residents of Winona and citizens of Taiwan. And next week, Winonans are invited to see the old brick store where it all started, now a museum filled with stories and artifacts from the earliest days of Fastenal.   “The museum is...

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6 Trends Transforming Manufacturing in the US

  Sterling, VA, Nov. 21, 2017 (GLOBE NEWSWIRE) — What are the major trends transforming manufacturing in the U.S? Conventional wisdom, as reflected in much of the U.S. news media, seems to view manufacturing as an unchanging or change-averse business sector notable for its grease-stained, blue collar workforce and outdated heavy equipment. This stigmatizing (and utterly mistaken) perception often positions U.S. manufacturing as stuck in some bygone era, akin to an old machine left out in the rain. Nothing could be further from the truth. In fact, U.S. manufacturing is being transformed and disrupted by precisely the same forces transforming...

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Brighton Best Acquires Ironclad Performance Wear

“Acquisition set to propel IRONCLAD into new markets and expand product offerings” FARMERS BRANCH, Texas, Nov. 15, 2017 /PRNewswire/ — IRONCLAD Performance Wear Corporation, the recognized leader in performance hand safety solutions announced today that it has been acquired by Brighton Best International, Inc. through an asset purchase. Eric Jaeger, one of the original Ironclad employees commented, “The entire Ironclad team is excited to work with our new owners. BBI will help us accelerate our growth in the marketplace by bringing fresh capital and broader access to the market.” Jun Xu, President of BBI stated, “Bringing together BBI’s distribution and logistics capabilities...

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Taeyang Metal Industrial Plans Manufacturing Plant In Franklin, Kentucky

South Korea-based Taeyang Metal Industrial Co. Ltd., which makes fasteners and cold-rolled steel products for the automotive industry, will invest nearly $15.6 million and create 76 full-time jobs to establish a manufacturing plant in Franklin, Kentucky. The facility will be the company’s first in the United States. Taeyang will build a 101,000-square-foot facility on a 30-acre site near I-65 in Simpson County. Construction is expected to begin in December and the facility is scheduled to open by September 2018. The Franklin location will allow the company to better serve its customers in the United States and expand its global market with production...

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Rotor Clip Hits It Out of the Ballpark with Diamond Anniversary Theme Booth

INTERVIEW SERIES: ROTOR-CLIP The 2017 International Fastener Expo Best Booth award winners were recently revealed! The awards winners all deserve a virtual round of applause! Marketing a company, its products, team players and booth presentation at a trade show is an important task that takes creativity, thoughtfulness, marketing skills, and choosing the right team players to execute. This years Most Creative Booth winner was Rotor Clip. We caught up with Jürgen Wenzel to learn more about his incredible creativity year after year! Please give us your name, title, job function and how many years you are with Rotor Clip....

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THE HILLMAN GROUP ACQUIRES SPECIALTY FASTENER COMPANY

CINCINNATI, OHIO November 8th, 2017 /PRNewswire-FirstCall/ — The Hillman Companies,Inc. (NYSE-AMEX: HLM.PR) and The Hillman Group, Inc. (collectively, “Hillman” or the “Company”) announced today that it has entered into an Asset Purchase Agreement by which it acquired substantially all of the assets, and assumed certain liabilities, of Hargis Industries, LP (“Hargis”), doing business as ST Fastening Systems (“STFS”), a specialty fastener manufacturer and distributor based out of Tyler, Texas. Hillman believes that STFS’s core product line of specialty fasteners fits well with Hillman’s fastener portfolio. STFS’s products are sold to metal building fabricators, hardware wholesalers, and building products distributors...

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Meeting Mass Customization Demands with 3D Printing

Today’s buyers are different than previous generations. They are living in a world of customization, where they can instantly download apps and customize their phones, their thermostat knows their preferences and they have uninterrupted access to music, movies and books. The empowerment gained by digital experiences delights us as individuals. Instant gratification has become a critical element in the consumption of information and goods. The expectations developed through interactions in the digital world fuel those same expectations for the physical world. This is why consumers won’t settle for what everyone else already has. They demand something unique to match...

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Manufacturing Skills Gap: The Problem and a Solution

  Manufacturing has been a stronghold in our society for generations, and the industry continues to play a significant role in today’s economy, contributing to financial growth, prosperity, national security and technological innovation. Not since the industrial revolution of the 1800s have we seen so much groundbreaking technology sweep the industry as we are today. Companies leading today’s rapid growth are investing heavily in mechanization and reaping generous rewards from their efforts. Smart manufacturing – including automation, robotics and the Industrial Internet of Things (IIoT) – is transforming the competitive landscape, allowing for increased flexibility in our factories and plants,...

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How Buyers Want to Talk to Your Business in 2018: The 3 Channels You Need

When we talk about conversion, we’re essentially talking about an exchange. Let’s say, for example, you’re offering a piece of downloadable content to your site visitors. It’s “free,” in terms of the lack of money paid for it, but some other information is traded. So, for example, in exchange for this ebook, the visitor fills out a form with a certain amount of contact information. At the end of the day, it’s still a transaction. But now — 11 years after HubSpot first came into existence — these transactions are starting to become diversified, and so are the reasons why we...

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Lessons from FABTECH

Posted By: Jeannine Kunz on November 10, 2017 FABTECH 2017 has come to an end, closing out a year of great manufacturing industry events for SME. Tens of thousands of people converged on McCormick Place in Chicago for the annual event, which showcased the latest products, developments, and solutions in metal forming, fabricating, welding, and finishing. Over the years, we’ve all witnessed manufacturing’s ups and downs and certainly the challenges being faced by the industry. But today, we see renewed faith in the sector’s renaissance, and the biggest reason for so much optimism lies with advanced manufacturing technology. Stakeholders...

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International Fastener Expo | 2017 Show Wrap-Up

From October 17th through the 19th, North America’s largest and most well-known gathering of fastener industry professionals returned to Las Vegas for the 37th consecutive International Fastener Expo. We want to thank all of our amazing media partners, corporate sponsors, exhibitors and attendees for making 2017 the expo’s greatest year yet. Record-breaking Attendance and Increase in Executive Presence  It was a packed floor with a record-breaking 5,000+ in attendance, 2,500+ qualified decision makers and over 750 exhibitors. A 26% increase in attendance over the past two years. Since 53% of attendees were executive management, it made for invaluable introductions...

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What Corporations Can Do To Reframe The Image Of STEM

Anna Powers ,  WOMEN@FORBES                 It is no secret that STEM holds a tremendous potential to generate multibillion dollar companies that shape our world. Its sheer force to transform the world we live in makes a career in STEM exhilarating and exciting. But more than that, STEM careers offer both intellectual and financial rewards. However, a big problem currently facing the STEM industry is the lack of talent in STEM. By 2018,  there will be 2.4 million unfilled jobs in STEM in the US. If this trend continues, companies that rely on STEM talent will have...

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How Can E-commerce Fight Back (and Win) Against Amazon?

Ecommerce companies need to get innovative if they’re going to prevent Amazon from taking over. Amazon beat its quarterly earnings estimate last week and its stock surged by over 7% as a result, making Jeff Bezos the richest man in the world. It’s estimated that Amazon will account for about 43% of US ecommerce sales in 2017 from 38% in 2016. As compared to Walmart growing from 2.8% to 3.6% in 2017. Fortunately, Walmart’s acquisition of Jet.com and promotion of Mark Lore to lead all of Walmart’s ecommerce efforts has been paying off because Walmart never had a successful platform business model....

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Technical Drivers for High Performance Fastener Coatings

Fastener coatings specialists must keep up with ever evolving requirements of today’s automotive industry to achieve success in their operations. Here MacDermid Enthone looks at the key criteria that fastener design and corrosion engineers evaluate when choosing coatings for powertrain, exterior, interior and safety critical fasteners. Failure of coatings to meet these criteria could present major challenges to applicators worldwide. So, what is the key criteria? Environmental compliance New coatings must conform to the latest legislative requirements. The primary directives that a coated fastener must comply with are ELV (End of Life Vehicle) Directive, REACH (EU Regulation for the...

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Natural Disasters Boosting Demand for Metal Roofs

By Todd Prince Las Vegas Review-Journal: Hurricanes and fires are on the minds of metal construction workers as they gather this week in Las Vegas for MetalCon, the industry’s largest U.S. expo. Industry professionals say demand for metal roofing has been growing in recent years, driven in large part by retrofitting of existing homes and commercial buildings.  Now, with hundreds of thousands of homes damaged or destroyed by natural disasters in Texas, Florida and California, metal workers expand demand to pick up as those affected repair or rebuild, some choosing more protective materials. “Between the fires and hurricanes, these...

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Amazon Is Conquering More Than Just Kale!

Amazon Business hit the one-million customer mark only a few years into its existence, which should send shivers down the spine of industrial suppliers like Grainger. Bloomberg Gadfly explains the uphill climb facing business-to-business suppliers not named Amazon. (video by Henry Baker)     Related Content: Grainger (GWW) Missed Earnings – Good for Amazon Business, Bad for B2B Distributors Amazon Business: Understanding the Threat to B2B...

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Speakers at STAFDA, International Fastener Expo

I was looking over information on the upcoming STAFDA show and saw their list of “Session Speakers”.  These speakers will be speaking on Sunday, November 12 which I think is the first day of the show. David Avrin – “Blink and they’re gone” – author of It’s Not Who You Know, It’s Who Knows You! Eric Chester – author of On Fire At Work: How Great Companies Ignite Passion in Their People without Burning Them Out Jill Geisler – author of Work Happy: What Great Bosses Know and also has a podcast Q&A:  Leadership and Integrity in the Digital Age Jason Young –...

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Source Global Interviews: Jennifer Jung of ShinJin Fastener of South Korea

Can you please give us your Name, Company Name and where you are located? My name is Jennifer Jung, and now working for SHINJIN FASTENERS CO., LTD. in Republic of Korea. Can you tell us about the products you manufacture? We produce bolts, screws and studs with both stainless steel and carbon alloy steel, and we are specialized in the cold forming production for big diameter screws such as 1-1/2” and small diameter with long length screws such as 1/2”x 14” long. We also have a special division for the power generation industry to serve customer’s crucial and critical requirements, and...

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Source Global Interviews: KH Jeong Sales Manager | Korea Parts & Fasteners

  Can you please give us your Name, Company Name and where you are located? KH Jeong – Sales Manager KPF – Korea Parts & Fasteners Corporate is located in South Korea. Our 54 yrs old Factory is in Korea and 6yrs old factory in Vietnam   Can you tell us about the products you manufacture? Structural, special OEM fasteners, heavy hex nuts, Hex cap screws, Socket cap screws, Flange screws   How important is the US market to your overall business strategy? About 30% of our fastener sales for US. So, it is very important region. We have...

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Several NE Ohio Fastener Companies Receive 2017 Business Longevity Awards

Congratulations to all the winners, we have highlighted the fastener companies! This year’s Business Longevity Award honorees are proof that hard work and a commitment to excellence can pay off. These 44 companies were built on timeless values and principles that set the stage for generations of economic achievement. Some of these businesses have recognizable brand names that are imbedded in the communities they call home. Others have maintained a low profile while consistently offering a great product to their customers. When things didn’t go their way, these organizations regrouped and bounced back stronger than ever. They are part...

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THREADED FASTENERS, INC. EXPANDS ITS REACH WITH ACQUISITION OF STATELINE FASTENERS

IMMEDIATE RELEASE Contact: Pam Denham 251.656.3843 pdenham6400@att.net MOBILE, ALA.-BASED THREADED FASTENERS, INC. EXPANDS ITS REACH WITH ACQUISITION OF STATELINE FASTENERS IN ROSSVILLE, GA Mobile, Ala. (October 13, 2017) — Threaded Fasteners, Inc. (TFI), an employee owned business specializing in the manufacturing, custom packaging and distribution of steel fasteners recently welcomed Stateline Fasteners of Rossville, Ga., to its growing family of businesses. “Stateline’s entire team will be joining forces with the TFI team already established in Chattanooga, Tenn., to serve our expanding market in Tennessee and north Georgia,” said Billy Duren, president of Threaded Fasteners, Inc. “Stateline’s staff brings a wealth of knowledge...

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Thinking outside the mold, with 3D printers that make objects of steel

A Metal X 3-D printer at Markforged in Watertown. Metal X isn’t built for speed, but it’s cheap enough to allow companies to buy them by the dozen and run them nonstop.   By Hiawatha Bray Globe Staff October 22, 2017   At first glance, there’s nothing high-tech about a stainless steel door hinge. Unless it’s made by Desktop Metal. But the company isn’t a Rust Belt relic — a metal-casting company left over from the glory days of America’s Iron Age. It’s a modern startup operating out of an office park in Burlington. Most everyone has seen or heard about 3-D printers...

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Source Global Interviews: Anthony Wijaya of PT. Garuda Metalindo Tbk

Company: Garuda Metalindo | International Fastener Expo 2017 | Booth#1616 Contact: Anthony Wijaya PT Garuda Metalindo Tbk manufactures and sells industrial components and sub components in Indonesia. It primarily offers nuts and bolts for use in motorcycle parts, auto parts, and other industries. The company was founded in 1982 and is headquartered in North Jakarta, Indonesia. PT Garuda Metalindo Tbk is a subsidiary of PT Garuda Multi Investama. Address: Jl. Kapuk Kamal Raya No. 23 North Jakarta,  14470 Indonesia Founded in 1982 1,598 Employees www.garudametalindo.com   Can you please give us your Name, Company Name and where you are...

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World’s Largest Titanium Additive Manufacturing Facility Opens in New York

Sometimes additive manufacturing is simply outclassed by traditional techniques like molding, casting or machining. In other cases, the technology’s strengths make it a no-brainer. For example, the long lead times, low batch sizes and high cost of aerospace parts make additive a perfect fit in this industry. GE’s famous fuel nozzle is just one example. Another area in which additive manufacturing shines is working with titanium. Notoriously difficult and expensive to cut, 3D printing titanium parts is proving to be a better solution than conventional machining. Naturally, these two advantages combine to create metal additive’s wheelhouse: titanium aerospace parts. Norsk Titanium, an FAA-approved supplier...

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SME Chief Warns of ‘Silver Tsunami’ Facing Manufacturing

NOVI, MI — Manufacturing faces an even larger shortage of skilled workers as older employees retire over the next few years, the head of SME said in a speech today. “Call it the ‘Silver Tsunami,’” Jeff Krause, executive director and CEO of SME (Dearborn, MI), said during an address at the HxGN LOCAL Automotive Summit in Novi, MI. “Manufacturing companies need a succession plan,” Krause said. “How do you attract and retain millennials?” Many factory jobs are held by Baby Boom generation workers who are retiring from the workforce. For example, the Center for Automotive Research (Ann Arbor, MI)...

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Source Global Interviews: Lenny Damberg of Hardlock Industry Company from Japan

Fastener News Desk spoke with HARDLOCK Industry at the 2017 International Fastener Expo in Las Vegas! Can you please give us your Name, Company Name and where your company is located? My name is Lenny Damberg and I work for HARDLOCK Industry Co., Ltd. in Japan. Can you tell us about the products you manufacture? We manufacture unique self-locking fasteners with one of the strongest locking effects in the industry. Our HARDLOCK products are maintenance-free due to the strong locking effect and they are re-usable with hardly any change in performance. This means increase in productivity wherever adopted and immense reduction...

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10 Must Do’s At The International Fastener Expo 2017 In Las Vegas

Are you ready to participate in the largest fastener industry event in No. America! The International Fastener Expos brings together… 850 + Distributors, Manufacturers, and Suppliers of Fasteners, Specialty Tooling and Machinery — All in One Place. All within three days. 2,500+ attendees from 30+ countries visit the International Fastener Expo each year in Las Vegas, Nevada, USA to network and find new products and suppliers. 77% of attendees agree that the International Fastener Expo is a “must attend” event. Why? Because the International Fastener Expo is the most comprehensive B2B trade show that draws together large and small...

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Manufacturing Day Youngstown Grows Again!

Manufacturing Day℠ is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. Manufacturing Day is modern manufacturing’s biggest stage.  Manufacturing Day occurs on the first Friday in October — this year it occurred on Oct 6, 2017.  Each year more than 3,000 schools and manufacturers will open their doors and unveil the opportunities that lie beyond them to more than 600,000 parents, students, educators and other interested individuals to showcase modern manufacturing.  Since 2013 Hudson Fasteners, a Youngstown Incubator Portfolio company has organized and promoted the Manufacturing Day event in Youngstown, OH. Hudson Fasteners (1 Industrial...

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A Love Affair with Flying

GE Engineer Credits Grandfather for Introducing Him to Aircraft, Flying At the young age of two, Joshua Mook fell in love with aircraft — his grandfather, a pilot, introduced him to flying by taking him on a ride in the family plane. Little did Mook know his passion for aircraft and flying would put him on the path to become an engineering leader at GE Additive — the division of GE dedicated to additive manufacturing, which is a way of printing parts layer by layer as one piece that’s expected to revolutionize manufacturing. (For more on Josh’s story and...

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MiTek® Launches Its New ProSeries™ Fasteners, Offering Exterior-Grade & Interior-Grade Structural Wood Screws

MiTek ProSeries™ Offers High-Grade, Code-Compliant, Structural Fasteners for Professional Builders, Remodelers, Deck Builders, DIYers, and Pro-sumers   October 03, 2017 02:15 PM Eastern Daylight Time   CHESTERFIELD, Mo.–(BUSINESS WIRE)– MiTek today announced that it has launched a new line of fasteners, called MiTek ProSeries™. MiTek ProSeries™ includes MiTek Washer Head structural wood screws, MiTek Bugle Head structural wood screws, and MiTek Hex Head structural wood screws. MiTek® Launches Its New ProSeries™ Fasteners, Offering Exterior-Grade & Interior-Grade Structural Wood Screws Tweet this Ideal for wood-to-wood and metal-to wood connections, MiTek Hex Head structural wood screws are available in lengths from 1-1/2” to 8”. These...

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Arconic Wins Multimillion Dollar Titanium Supply Contract with Aerospace Manufacturer Ducommun

Multi-year agreement expands Arconic’s position with Ducommun as a supplier of titanium sheet and plate for leading defense and commercial aircraft platforms October 9, 2017 MIAMI and NILES, OH, October 9, 2017 – Arconic has signed a multi-year titanium sheet and plate contract with Ducommun, an aerospace and defense manufacturer. Under the agreement, Arconic’s Titanium and Engineered Products business unit will supply titanium to Ducommun, which uses its proprietary hot forming and super-plastic forming processes to produce aircraft structures for military and commercial aircraft platforms. The deal, announced at the 33rd Annual TITANIUM USA conference in Miami, significantly increases the...

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Top Digital Supply Chain Cities in the U.S.

A look at the supply chain readiness of several major U.S. cities, and their adoption of smart-city technologies. Deloitte Consulting and the Metro Atlanta Chamber have teamed up to analyze how seven large metropolitan areas of the United States are transforming their traditional supply chain base into digital supply chains. Given that the study was funded by an Atlanta-based group, the results are hardly authoritative (for instance, a number of major cities, such as Boston, Charlotte, Denver, Philadelphia, Phoenix and Washington, are not included in the study), but they do offer an interesting view on the supply chain capabilities...

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Swissturn/USA Plans For Bright Future After Acquisition

Interview with Ken Mandile, President of Swissturn/USA BY ZACHARY COMEAU Oxford manufacturer Swissturn/USA in September acquired the miniature fastener line of J.I. Morris Co. In an interview with the Worcester Business Journal, Swissturn/USA President Kenneth Mandile answered questions about his company’s plans for the line after the acquisition and the future of the company. What does the company make? Swissturn manufactures high-precision turned metal and plastic components for a variety of industries. Our largest industry sector is medical devices. Many of the parts Swissturn manufactures are very small, so the miniature fasteners that J.I. Morris manufactured are within our...

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Fastener Symposium: Learn about the Latest Advances in Lightweight High Torque Fastening Solutions

Fastener Symposium RELEASE DATE 10/13/2017 Save the Date! Friday, October 13 is your chance to learn about the latest advances in lightweight high torque fas-tening solutions. The Phillips Screw Company is hosting a fastener symposium at: Automation Alley, 2675 Bellingham Drive, Troy, MI Agenda: 8:30—9:00: Continental Breakfast 9:00—9:30: Introductions and Agenda Review 9:30– 10:30: Lightweight Fastener Design and Why Contact Area Matters 10:30-10:45: Break 10:45– 11:30: How to Achieve Stable Stick Fit for Hand and Automated Assembly 11:30—12:15: Options for Multi-tool Compatibility for Multi-National Maintenance 12:15-1:15: Lunch 1:30—2:00: Fastener Gaging Systems—Wrentham Tool Group 2:00—3:00: Demo stations, Q&A, and a website...

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Lawson Products Acquires Canadian Fastener Distributor The Bolt Supply House Ltd.

CHICAGO–(BUSINESS WIRE)–Oct. 3, 2017– Lawson Products, Inc. (NASDAQ:LAWS) a distributor of products and services to the MRO marketplace, today announced the acquisition of The Bolt Supply House Ltd., based in Calgary, Canada, for a purchase price of approximately CAD$40.0 million, subject to customary post-closing price adjustments. The purchase price was funded with cash on hand and utilization of Lawson Products’ existing credit facility. Founded in 1948, The Bolt Supply House Ltd., owned by John J. McCann and W. Brett Wilson, is a leading Canadian distributor of high quality fasteners, power tools and industrial MRO supplies, with annual sales of approximately CAD$43 million. The Bolt Supply House’s 13 branch locations and...

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Drill America Launches New Website

Visit the Drill America redesigned website at www.DrillAmerica.net Use the new website to: • View current stock • Check pricing • Create quotes • Access product specs and videos If you would like to use the website for these functions, please reply to this email indicating you would like “web access”. Drill America Stocks More Than Drills Check out our very popular Carbide Tipped Hole Cutters. We offer sizes 5/8″ – 4″ with cutting depths of 3/16″ and 1″....

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Digital ‘Reality’ Tools Help B2B Marketers Get Real With Complex Products

B2B marketers can get an assist from virtual and augmented reality applications that demonstrate big-ticket and complex products, says a new report.   For B2B marketers whose companies have products that are hard to explain or demonstrate, there are new forms of reality that can help. Virtual and augmented reality tools can help buyers “test” large equipment and visualize complex components, Forrester Research Inc. says in a new report. B2B marketers whose products are expensive to ship, difficult to visualize, hard to comprehend, or possess some combination of those characteristics, can use virtual and augmented reality technology to help overcome such...

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7 ways the Fourth Industrial Revolution Can Help the Planet

At the World Economic Forum’s (WEF) first Sustainable Development Impact Summit last week in New York, several of the discussions focused on how today’s tech revolution – the so called Fourth Industrial Revolution (4IR) – can create a better, cleaner and safer world. The imperative is clear: while society today is the most prosperous and dynamic the world has ever created, our Earth system is under unprecedented stress. Scientists say our planet has been torqued out of a stable system into uncharted territory. Examples include sobering warnings that 92% of the world’s population live in places where air quality is unsafe,...

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Advance Components – Master Stocking Distributor of Vogelsang Fastener Solutions Tension Pins

PRESS RELEASE: September 27, 2017 CONTACT: Pam Berry, pberry@advancecomponents.com Advance Components is now the master stocking distributor of Vogelsang Fastener Solutions (VFS). Vogelsang is a worldwide leading manufacturer of formed metal parts and is one of the world’s largest producers of Coiled Spring Pins and Rollpins® both slotted and coiled. Advance Components is proud to add VFS Rollpins® and Coiled Spring Pins to its list of quality products that are available for same-day shipping, low minimums, drop shipping, EDI planning and other value-added solutions that make Advance a trusted supply chain partner. Advance will carry a large stock of...

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Community Colleges: Training the Next Generation of Manufacturers

Training skilled workers is critical to strengthening the U.S. manufacturing sector, especially at a time when about 2 million manufacturing jobs are projected to remain unfilled, due to the worsening skills gap that is taking place throughout the country. For several years, manufacturers and manufacturing benefactors have explored the cause, and the majority agreed that community colleges can increase their efforts to train the next generation of manufacturers. With globalization and manufacturing barely catching up with the rapid pace in new technologies, the industry is evolving and changing dramatically such that workers’ skill sets can’t keep step with these constant...

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Why You Should Register Your Manufacturing Day Event

Each year, we hear stories about Manufacturing Day events that never make it on the map. While we’re glad that these “under the radar” events happen and fully appreciate how they underscore that MFG DAY truly is a grassroots movement, we’re also a bit disappointed that they don’t become part of the annual celebration’s public record.   More importantly, though, holding an MFG DAY event without officially registering is a missed opportunity for the Host that made the effort to hold the event in the first place. Below we explain why and explore some of the common objections we’ve...

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Finding the Right Digital Balance in B2B Customer Experience

Growing numbers of B2B companies are focusing on digitization to succeed with customer-centric strategies. Here’s how to get it right. Customer-centric strategies, once the preserve of business-to-consumer players like Amazon and Google, are now fundamentally changing the complicated landscape of business-to-business relationships, too. Case in point: the chief executive of a global chemical business produces items that are in such high demand that they are allocated, rather than sold, to customers. Nonetheless, he recently announced at a top-management meeting that the company could no longer afford to deliver “a subpar experience” to its customers and therefore would embark on a...

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Women In Engineering? Women In Engineering!

I’ve been at Rockwell Automation for more than 30 years and have always been aware that I am in the minority, being a woman in an engineer role. I’ve been a commercial engineer for the best part, helping customers design machines that do everything from putting fizzy pop into a tin, to learning how a roller coaster works.  Things have changed on the surface over time, acceptance has improved, but in reality, here in the UK the number of female engineers doesn’t seem to have changed that much, we are still only 9% of the engineering workforce nationally. Luckily, long...

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International Fastener Expo & METALCON | 1 BADGE = 2 SHOWS!

International Fastener Expo and METALCON – 1 BADGE = 2 SHOWS! Your IFE show badge will have double the value! While at IFE – attendees and exhibitors can also visit METALCON. METALCON has the widest cross-section of metal professionals in the industry at one event – to better your application of metal. Whether you work in roofing or construction, METALCON will raise your standard. METALCON will be located in North Hall at the Las Vegas Convention Center on October 18-20, 2017. Exhibit Hall Hours: Wed. 12:00pm-6:00pm, Thurs. 12:00pm-6:00pm, and Fri. 10:00am-1:00pm. Click here to register for METALCON at no...

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Myth-Busting American Manufacturing

The MAPI Foundation wants to set the record straight. U.S. manufacturing is a vibrant industry. Disparaging myths have circulated about American manufacturing for decades. Parents have discouraged their children from going into a manufacturing career because they think factories are “dirty and dangerous,” or lacking a solid wage and career opportunities. Manufacturers in other countries−such as Germany and Japan−are perceived as far more innovative than their U.S. counterparts. And, the most virulent rumor of all, people believe that manufacturing has vanished from the United States. When was the last time you heard, “We don’t make anything here anymore”? The...

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The New Supply Chain

The first modern online order was placed in 1994 by a man in Philadelphia who bought Sting’s Ten Summoner’s Tales album from a friend for $12.48 (plus shipping, of course). Since then, the way we shop has changed radically. Today’s consumer is no longer restricted to a physical store, or even to traditional business hours — they can shop from practically wherever, whenever they want. And because of this freedom, they’ve come to expect a few things: easy ordering, seamless fulfillment and delivery and hassle- (and cost) free returns. To keep up, brands have had to adjust and integrate their supply chains from...

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The Smart Supply Chain

  IMPACTS This report investigates a growing multi-sector focus on Supply Chain Optimization (SCO) — tools and techniques for integrated design, engineering and production, enhanced information sharing, and more collaborative decision-making between Original Equipment Manufacturers (OEMs) and their suppliers.   KEY RECOMMENDATIONS Selected excerpts from the recommendations section: Companies should start by developing a strategy. Although 90 percent of large manufacturers recognize the importance of their supply chains to business success—after all, 50-70 percent of their costs are in the supply chain—very few have a supply chain strategy. The MEP program has become an indispensable part of the total U.S. manufacturing...

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Go Digital with the International Fastener Expo Mobile App!

MOBILE APP   Description: Held annually in Las Vegas, NV, the National Industrial Fastener & Mill Supply Expo is the largest fastener expo in North America. Since 1981, the event continues to bring together the manufacturers and master distributors of industrial fasteners, precision formed parts, fastener machinery & tooling and other related products and services with distributors and sales agents in the distribution chain. The event consists of an all-day conference program presented by endorsing fastener associations and a show floor with more than 600 exhibiting companies from around the world.  Go Digital Download the International Fastener Expo app...

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5 Trends That Are Changing B2B Commerce

It’s no secret that the B2B landscape has changed drastically in the last few decades.  At the forefront of these changes, of course, is technology. Whether directly or indirectly, technology has changed the way companies do business with one another.  What this means for your company is: If you haven’t kept up to date with the current trends in the world of B2B commerce, you run the risk of losing out to competing companies who are more prepared to meet the expectations of their clients and business partners. That being said, this article will take a look at five...

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Four Key Advanced Manufacturing Technologies Used in Aerospace

Aerospace is a leading industry in the use of advanced manufacturing technologies. This is due largely to the unique challenges that exist for designing aircraft and spacecraft such as extreme environmental conditions; materials that must be strong, lightweight, and resistant to temperature and corrosion; and the extremely fine, tight-tolerance features that require micro- and nano-machining methods, including laser machining and welding. In fact, aerospace is often the first to come up with innovative advanced manufacturing approaches, which are later adopted by other industries. Below are four key advanced manufacturing (AM) technologies that are vital to aerospace manufacturing today. Additive Manufacturing Aerospace...

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Manufacturer Metamorphosis: Navigating Digital’s Impact On Manufacturing

When it comes to digital technologies, manufacturers know they’ve got to “give” in order to “get.” After years of emphasizing cost-saving programs to drive lean operations, manufacturers are now focused on propelling outsized top-line results by investing in digital technologies. Prasad Satyavolu That’s one of the key findings of our recent study, The Work Ahead in Manufacturing, in which we surveyed 2,000 executives globally, including 500 senior executives from the consumer and industrial products spaces. Respondents reported that digital initiatives have actually increased manufacturing costs by one percent during the last year. As time goes on, respondents expect costs to...

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What happens in an internet minute in 2017?

Just a month ago, it was revealed that Facebook has more than two billion active monthly users. That means that in any given month, more than 25% of Earth’s population logs in to their Facebook account at least once.   This kind of scale is almost impossible to grasp.   Here’s one attempt to put it in perspective: imagine Yankee Stadium’s seats packed with 50,000 people, and multiply this by a factor of 40,000. That’s about how many different people log into Facebook every month worldwide.   A smaller window   The Yankee Stadium analogy sort of helps, but it’s still...

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World’s First 3D Printer Capable of Producing High Precision Metal Objects Available Now

  Digital Metal begins commercial production of its 3D metal binder jet printers, offering unprecedented detail, surface resolution and design possibilities for small components Höganäs, Sweden. – [September 19, 2017] – Digital Metal®,a Höganäs Group company, the world’s leading producer of metal powders, today announced it has initiated commercial production of the industry’s first high precision binder jetting 3D metal printer that can produce smaller and more intricate components than any previous technology. The DM P2500 can be purchased or licensed from Digital Metal and is ideal for serial production and customised parts, opening up the possibility to print...

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OPTIMAS WOOD DALE MANUFACTURING HOLDS US MANUFACTURING LICENSES FOR TAPTITE®, MORTORQ® SUPER, AND MATHREAD® PRODUCTS

Glenview, IL – September 2017 As a leading full service provider of fasteners and c-class components for OEMs and tier one suppliers, Optimas works with a global network of high quality suppliers. However, it also has its own manufacturing capabilities in the US to support customer through flexible, fast turn-around on orders. Optimas regularly invests in its manufacturing plant in Wood Dale, IL, which has allowed it to build up a strong reputation for quality. This makes it a great choice when appointing manufacturing licenses: just ask REMINC, The Phillips Screw Company, and MAThread®, Inc. Set over 135,000 sq...

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B2B Midsize Might: Commerce Suites Pack a Powerful Punch for Mid-Market

There’s a false conception that if you’re a midsize or small business, you can’t afford the e-commerce suites that drive revenue for the biggest companies in the B2B market. Cloud commerce has changed all of that, and promises to level the playing field between midmarket and big brands, manufacturers, and wholesalers in the digital age. B2B buying landscape has changed Today B2B customers require the same level of service and options that they enjoy in their personal lives, as the lines between B2B and B2C have blurred. If you’re not providing your clients with the same high-end customer experience...

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Steel: An industry under attack

Stopping the flood of steel imports is crucial for national security Nearly every military platform and weapon system in our nation’s arsenal is dependent on steel produced in America; much of our nation’s critical infrastructure relies heavily on steel. But the domestic steel industry is under attack from repeated surges in imports of dumped and subsidized steel from numerous countries around the world. Several trade associations claiming to represent a number of American industries that buy steel recently wrote a letter to the president opposing any imposition of restraints on imports of steel for national security reasons (the administration’s...

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B2B sales channels are changing: Act now or die

The B2B customer buying journey has been forever transformed by the internet, and this has major implications for manufacturers, brands, and distributors – are you acting?  The writing on the wall has become reality. B2B selling channels have forever changed in the age of the internet and mobile devices. Traditional selling models have shifted, and the central communication point for business value propositions has moved from physical to digital in most industries.   Forrester Research reports that as much as 70% of the buying process is already completed before the buyer even contacts a potential supplier.  Product preferences and buying decisions...

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Winsupply Opens Four New Companies in the Northeast and Mid-South

DAYTON, Ohio, September 13, 2017 – Winsupply Inc., one of the largest distributors in the nation, has opened four new wholesale distribution locations in Maryland, Maine, Massachusetts and Tennessee, totaling nine new companies opened so far in 2017. The new companies include:  •    Winsupply of Beltsville, Md., plumbing, president, Ralph Baker •    Winsupply of Boston, plumbing and HVAC, president, William Berberan •    Winsupply of  East Nashville, Tenn., HVAC, president, Robert Reimer •    Winsupply of Presque Isle, Maine, plumbing and HVAC, president, Aaron Hoard The four presidents are experienced individuals in their respective industry, plumbing and/or heating, ventilation and air...

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Top 5 Reasons You Should Consider a Career in Manufacturing

It’s no secret that the U.S. manufacturing industry is facing a skilled labor shortage. According to a study by Deloitte and The Manufacturing Institute, “The skills gap in U.S. manufacturing: 2015 and beyond”, over the next decade 3.5 million manufacturing jobs will likely be available, yet 2 million of those career positions will remain unfilled. The current talent shortage, also known as the “skills gap”, will continue. It will only get worse as retirement and technological advancements escalate the crisis. This gap is affecting businesses in the areas of productivity, customer service, expansion, and innovation, to name a few. So why should...

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Top 20 Facts About Manufacturing

In the most recent data, manufacturers contributed $2.18 trillion to the U.S. economy in 2016. This figure has risen since the second quarter of 2009, when manufacturers contributed $1.70 trillion. Over that same time frame, value-added output from durable goods manufacturing grew from $0.87 trillion to $1.20 trillion, with nondurable goods output up from $0.85 trillion to $1.00 trillion. In 2016, manufacturing accounted for 11.7 percent of GDP in the economy. (Source: Bureau of Economic Analysis) For every $1.00 spent in manufacturing, another $1.81 is added to the economy. That is the highest multiplier effect of any economic sector. In addition,...

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No Tools? No Problem! Intricate fasteners are reducing installation time.

Steve Sullivan | Aug 25, 2017 Despite how small and insignificant they may seem to a large industrial or IT setup, a lot of time is spent on fasteners. They just may not realize it. Fasteners, and the tools needed to install them, often end up eating valuable time and effort that could potentially be better spent elsewhere. The growth in tool-free fasteners (also called tool-less, no-tools-required, and other names) gives engineers the chance to free up time spent fiddling with fasteners, screws, nuts, bolts, and the like. In industrial and IT settings, there are some promising opportunities to use tool-free...

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HYTORC gets permission to come aboard the Comanche Maxi Yacht

      September 1, 2017 Paul Dvorak  HYTORC GT series nut helps provide ballast for all-custom racing vessel Welcome aboard the Comanche, a 100-foot super maxi yacht commissioned in 2014 by Netscape founder James H. Clark with one goal in mind: To break open ocean racing records. It’s been doing exactly that ever since, and in July 2017 Comanche set a new transatlantic passage record, sailing from Los Angeles to Honolulu in just 5 days, 14 hours, 21 minutes and 25 seconds during the 49th running of the Transpacific Yacht Race, popularly known as the Transpac. The Comanche, a...

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Engineering Expertise Helps Car Giant With Bespoke Fastener

  When a sub-assembly supplier to a global car manufacturer needed a new type of fastener they turned to JET PRESS. Their outline requirements appeared straight-forward at first: attach fasteners into a sub-assembly so that this sub-assembly then fitted easily, with those fasteners, directly onto the vehicle. However, it soon became clear that due to specific fitting-force, ease-of-use and cost considerations, there was nothing in the range of standard fasteners from JET PRESS that would quite fit the bill; instead the technical team designed a bespoke product. Each fastener needed to be held securely in the panel hole of the sub-assembly during transport to...

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Women in Manufacturing’s Impact: Yesterday, Today and The Future

By Natalie Schilling Vice President of Human Resources at Arconic As I think about iconic manufacturing women in history, I think about how much we have accomplished and how much potential we have to grow. Some of the greatest inventors, creators, and leaders in this world are women. In 1871, Margaret Knight was awarded her first patent for a machine that cut, folded and glued flat-bottomed paper shopping bags. In 1903, Mary Anderson invented and patented the windshield wiper. In 1908, Melitta Bentz received a patent for the coffee filter system. And in 1942, Hedy Lamarr invented a remote-controlled communications system for the...

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Manufacturing – Creating Opportunity through Innovation

BY BETH COLBERT  SEPTEMBER 6, 2017  op·por·tu·ni·ty äpərˈt(y)o͞onədē, noun, a set of circumstances that makes it possible to do something. When we think of champions of manufacturing today we tend to think of some of the big companies such as IBM, 3M, Johnson & Johnson, P&G and Dow Chemical. But companies don’t form themselves, and patents don’t automatically mean innovation – people do. Not all companies have inventors. However, all companies can, and probably do, have innovators. An invention is a product or process that has been created and then documented legally. There are many patents granted and then nothing...

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OPTIMAS INCREASES PRODUCTIVITY FOR CANCER DIAGNOSTIC EQUIPMENT MANUFACTURER

Glenview, IL – August 2017 Early diagnosis of cancer can greatly improve survival rates, with health centers utilizing the latest technology to ensure identification of the condition is achieved sooner. Cancer diagnosis machines are at the forefront of this technology, which emphasizes the importance of smooth manufacturing operations when producing such equipment. When one leading manufacturer was experiencing downtime due to fastener issues, they contacted Optimas to help improve productivity. The manufacturer was suffering between 15-30 minutes of downtime on a daily basis, with the entire production line coming to a halt in such circumstances. The fasteners were identified...

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The Myth of the Skills Gap

The idea that American workers are being left in the dust because they lack technological savvy does not stand up to scrutiny. Our focus should be on coordination and communication between workers and employers. by Andrew Weaver  August 25, 2017 The contention that America’s workers lack the skills employers demand is an article of faith among analysts, politicians, and pundits of every stripe, from conservative tax cutters to liberal advocates of job training. Technology enthusiasts and entrepreneurs are among the loudest voices declaiming this conventional wisdom (see “The Hunt for Qualified Workers”). Two recent developments have heightened debate over the...

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The 50 States Of Construction

In this series, Construction Dive talks with industry leaders across the U.S. to discuss the business conditions in their market.   FEATURE The 50 States of Construction: KY contractors ride a wave of industrial expansion Gray Construction EVP Jeff Bischoff discusses how new growth in the manufacturing and industrial sector there is impacting construction. By Hallie Busta • Aug. 24, 2017 FEATURE The 50 States of Construction: How one OH contractor is finding workers amid labor woes Don Taylor, president and CEO of Akron-based Welty, explains how his company is handling the labor shortage and where the Buckeye State is booming. By Hallie Busta • Aug....

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FIELD FASTENER MAKES INC 5000 LIST FOR THE 7TH CONSECUTIVE YEAR!

Inc. magazine ranked Field  4216 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. As a 7th time honoree, Field becomes part of a select group of companies to ever achieve 7 consecutive years in a row on the Inc. List. In fact, less than a tenth of Inc. 5000 honorees ever achieve this type of repeat performance. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other...

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Adam Pratt Named 2017 Young Fastener Professional of the Year by The Fastener Show

  FOR IMMEDIATE RELEASE           Los Angeles, CA (August 21, 2017) – The Fastener Show has partnered with the Fastener Industry Coalition to choose Adam Pratt, President of Sherex Fastening Solutions, to be honored as the newest recipient of the Young Fastener Professional Award at its annual event in Las Vegas. The Young Fastener Professional of the Year Award recognizes and honors a young professional under the age of forty who has made significant contributions to the fastener industry. A special recognition award ceremony will take place on the show floor in the Session Area...

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The Fastener Show Inducts Field Fastener CEO into Fastener Hall of Fame

  FOR IMMEDIATE RELEASE The Fastener Show Inducts Field Fastener CEO into Fastener Hall of Fame                                                                                                           Los Angeles, CA (March 21, 2017) – The Fastener Show has partnered with The Fastener Industry Coalition to choose Bill Derry, Chairman and CEO of Field Fastener to be honored...

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Manufacturing Day By The Numbers [Infographic]

Manufacturing Day is an annual celebration of modern manufacturing during which manufacturers invite their communities — including students, educators, businesspeople, media, and politicians — to their facilities in a collective effort to educate visitors about manufacturing career opportunities and improve public perceptions of manufacturing. Started in 2012, MFG DAY has seen participation grow dramatically over the years. Here are the official numbers when it comes to the number of events, the number of attendees, and the how MFG DAY is affecting the public perception of manufacturing. DOWNLOAD INFOGRAPHIC THE MANUFACTURING DAY MISSION Manufacturing Day addresses common misperceptions about manufacturing...

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