BTM Manufacturing recently announced that its president, Jake Davis, will also be serving as president of the Southwestern Fastener Association (SFA) this year. SFA has supported the fastener industry since1975 with members from across the U.S. “I am honored and thrilled to be continuing my term with the Southwestern Fastener Association. As president, I look…
SPIROL receives GM Supplier Excellence Award
SPIROL International Corporation announced that two of its world-class manufacturing locations have received the prestigious 2018 General Motors Supplier Quality Excellence Award for achieving operational excellence and quality control. Here’s what the letter stated from General Motors about the awards: “The award is given to specific manufacturing locations and only our top performing supplier manufacturing…
American Bolt & Screw acquired by Bufab
Bufab, a trading company that offers a full-service solution as a supply chain partner, has entered into an agreement to acquire all outstanding shares in the U.S. company American Bolt & Screw Mfg. Corp. (ABS), with annual sales of approximately US$52 million. ABS is a distributor of fasteners and other C-class components in the North…
Ramco offers new line of weld nuts for ultra-high strength steel applications
Ramco, a provider and producer of critical components, has developed an innovative line of weld nuts designed to assist stamping companies and OEMs with thin, ultra-high strength steel applications. Initially developed for boron steels, the new nut has enhanced weld projection geometry designed for extra stability during high-current welding. They are ideal for floor pans,…
Emuge introduces Slim Line Chucks for 5-axis milling versatility
Emuge Corp., a manufacturer of high performance taps, thread mills, drills, end mills, and other rotary tools, has expanded its line of FPC Milling & Drilling Chucks products to include Slim Line models, which are designed to enhance 5-axis machining productivity and versatility. Available in the 1/8″ to 9/16″ (2-14 mm) size range (FPC14), the…
Riveting tools market to reach $284.8 million by the end of 2025
The global riveting tools market was projected at U.S.$199.0 million in 2017, but the scope of the market is expected to reach U.S.$284.8 million by the end of 2025. It is also expected to record a CAGR of 4.6% during that time, according to a new report from Million Insights: Riveting Tools Market. Riveting tools are…
Three reasons the industrial fastener market is growing
According to Industrial Fasteners, a new study from The Freedonia Group, the industrial fasteners market in the U.S. is mature but still growing — at a rate of nearly 3% per year through 2023. Here are a few important reasons why. 1. Rising costs. As a largely mature market, most year-over-year sales growth in industrial fasteners…
Tower Fasteners gains AS9100 Aerospace Certification
International industrial fastener and electronic hardware provider, Tower Fasteners, recently achieved AS9100 Rev. D quality certification — a current standard benefiting the aviation, space, and defense industries. AS9100 assures production meets quality requirements of the Department of Defense (DOD), NASA, and the FAA. “AS9100 will open up new opportunities for Tower to grow our business…
Toyota announces nano-laminated alloy partnership for energy sector
Today at the International Fastener Expo, Toyota Tsusho America, Inc. (TAI) and Modumetal, Inc. announced an agreement of an non-binding memorandum of understanding (MOU) for the establishment of a joint venture to deploy Modumetal’s patented nano-laminated alloy product, NanoGalv globally for industrial fastener and bolting applications. Final legal documentation is expected to be completed in…
New Bordo E-Z Chamfer creates ideal chamfer on ferrous and non-ferrous metals
Crossroad Distributor Source announced the launch of the Bordo E-Z Chamfer, an innovative tool used to create an ideal chamfer on ferrous and non-ferrous metals — including hardened steels, timber, fiberglass, and plastics. E-Z Chamfer efficiently removes burrs and ridges from bolts, pipe, threaded rod, bar, and dowels. It is suitable for use on metals,…