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Industry News

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Bossard buys aerospace distribution business196fastener
fastenerThe Bossard Group announced it is significantly expanding its presence in the aerospace industry by acquiring the Boysen distribution business of the German AQUAERO Group.The business will continue to operate under the B...

Nedschroef appoints Dr Matthias Sckuhr as the new CEO181fastener
fastenerNedschroef has announced that Dr Matthias Sckuhr will be appointed as its new chief executive officer. Dr Sckuhr will take this position per 1st September 2019 and will succeed Dr Mathias Hüttenrauch, who will remai...

Robotics industry sees booming growth in China175fastener
Industrial robot production in China reached 148,000 pieces in 2018, accounting for more than 38 percent of the world's total, according to a Chinese official at the 2019 World Robot Conference.The power of robots is...

Former UK fastener manufacturer owner sentenced for bribery250fastener
Having pleaded guilty to bribery at the end of May, the former managing director and majority owner of ALCA Fasteners Ltd, has now been sentenced to two years imprisonment, director disqualification, and a confiscation o...

Sundaram Fasteners to go ahead with capex plan despite auto sector downturn258fastener
Manufacturing sector veteran and Sundram Fasteners chairman Suresh Krishna said that the company is not shying away from investments since it wants to be ready when economy and auto sector bounce back.Sundram Fasteners i...

China's steel output to drop in H2: Fitch247fastener
China's steel production is set to decline significantly in the latter half of 2019 after reaching a record high in the first half, Fitch Ratings says in its latest report.Crude steel and steel-product output rose 9....

China has to take countermeasures in response to U.S. announcement of tariff hikes223fastener
China has to take necessary countermeasures in response to the U.S. announcement of imposing additional 10 percent tariffs on 300 billion U.S. dollars of Chinese imports, an official with the Customs Tariff Commission of...

Japanese car sales in S.Korea post double-digit fall amid trade dispute238fastener
Japanese car sales in South Korea posted a double-digit fall last month amid the trade dispute between Seoul and Tokyo, a government report showed Thursday.The number of Japanese vehicles sold here was 2,674 in July, dow...

China's civil aviation sector sees steady growth in first seven months259fastener
fastenerChina Eastern's A350-900 plane prepares to land on Dec 1, 2018. [Photo/VCG]China's civil aviation sector expanded at a steady rate in the first seven months of the year, official data showed Thursday.From January...

Trump delays some tariffs on Chinese imports261fastener
The US is delaying imposing tariffs on some imports from China until 15 December because of "health, safety, national security and other factors".The products include mobile phones, laptops, video game consoles...

China's excavator sales expand faster in July253fastener
Sales for China's major excavator producers posted faster growth last month, data from an industry association showed.The country's 25 leading excavator makers sold a total of 12,346 excavators last month, up 11 ...

The 19th Fastener Trade Show Suzhou to be held Oct 23-25, 2019, Time to Prepare for Your Visit!331fastener
fastenerFantastic Suzhou, Fabulous EventIt's Time to Prepare for Your Visit!From 23 – 25 October 2019, the 19th Fastener Trade Show Suzhou will open at the Suzhou International Expo Center (SIEC) in China. As one of th...

Sundram Fasteners Reports Record Revenue and Profits256fastener
Sundram Fasteners, part of the TVS Group, reported standalone revenue for its year ending 31st March 2019 at INR 4,034 crore; a 16.3% increase from INR 3,419 crore the previous fiscal year.Domestic sales grew 15% to INR ...

China's passenger car sales down 5.3 pct in July231fastener
China's passenger car sales fell 5.3 percent year on year in July, with a total of 1.5 million passenger vehicles sold, according to the China Passenger Car Association (CPCA).Excluding minivans, passenger car sales ...

Global Aircraft Fastener Coatings Market is Witness Increasing Growth USD 1,356 Million By 2026286fastener
According to the report, the global aircraft fastener coatings market was approximately USD 939 million in 2018 and is expected to generate around USD 1,356 million by 2026, at a CAGR of around 4.7% between 2019 and 2026...

China's machinery sector stable in H1289fastener
fastenerAn employee checks gear products at a machinery company in Yantai, Shandong province. [Photo provided to China Daily]China's machinery industry maintained steady growth in the first half (H1) of this year despite dow...

Dongtai Huawei to Showcase Stainless Steel Fasteners at the 19th Fastener Trade Show Suzhou313fastener
fastenerDongtai Huawei Standard Component Corporation is going to attend the 19th Fastener Trade Show Suzhou which will be held on October 23-25, 2019 at Suzhou International Expo Center, Booth No. D28.Since its establishment,&n...

NORMA adjusts full year expectations219fastener
On preliminary unaudited figures, NORMA Group reported second quarter sales of EUR 289 million, 4.6% up on same quarter 2018, but reflected a decline in organic sales of 0.4%.Revenues from acquisitions contributed 2.4% t...

China's home appliance sector expands in H1220fastener
The output and sales of China's home appliance saw a stable growth in the first half of the year, an industry report showed.Domestic retail sales reached 429.7 billion yuan (about 62.28 billion U.S. dollars) during t...

Taiwan manufacturing activity contracts for 3rd month222fastener
Taiwan's manufacturing activity contracted for the third consecutive month in July, according to the latest purchasing managers' index (PMI) reading released by the Chung-Hua Institution for Economic Research (CI...

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