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Industry News

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China's auto sales continue to fall in November1179fastener
Auto sales in China continued to decline last month, industry data showed Tuesday.A total of 2.55 million vehicles were sold in November, down 13.9 percent year on year, according to the China Association of Automobile M...

China's industrial robot output up 8.7 pct in Jan-Oct1230fastener
China's industrial robot output increased 8.7 percent year-on-year in the first 10 months of 2018, slower than the 9.3-percent growth for the January-September period, according to official data.A total of 118,452 un...

Sundram Fasteners Q2 profit up 22% to Rs 1.10 bn, revenue crosses Rs 10 bn1251fastener
The company has crossed the milestone of posting quarterly revenue from operations of Rs 10 billion for the first time.Sundram Fasteners Limited has reported a profit of Rs 1.10 billion during the quarter ended September...

Manufacturing PMI narrows in Nov1345fastener
fastenerAn employee checks gear products at a machinery company in Yantai, Shandong province. CHINA DAILYFresh growth momentum to help nation offset growing downside risks, say analystsThe official manufacturing purchasing manag...

New at wire 2020 in Düsseldorf: Special exhibition areas for Fasteners and Springs1455fastener
fastenerwire 2018 exceeded all records attained so far and this success might still be topped: wire 2020 in Düsseldorf will open up for the first time with Fasteners and Springs forming independent exhibition areas under th...

Despite rising costs, Taiwan's CSC cuts domestic steel prices1417fastener
China Steel Corp said it would continue to stabilize prices and bring flexibility for the industry to react to changing market conditions.China Steel Corp (CSC), Taiwan’s largest steel producer, recently cut domest...

Anixter International Inc. Names New Member to Board of Directors1329fastener
GLENVIEW, IL — Anixter International Inc. announced the appointment of Jamie Henikoff Moffitt to its board of directors.“We look forward to the in-depth knowledge and new perspectives that Jamie will bring to Anixter as ...

U.S., China Agree on Trade War Ceasefire After Trump, Xi Summit1263fastener
fastenerBUENOS AIRES (Reuters) - China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, ...

Dongtai Huawei to Exhibit at Vietnam International Exhibition on Hardware & Hand Tools 20182284fastener
fastenerDongtai Huawei Standard Component Corporationsincerely invites you to visitVietnam International Exhibition on Hardware & Hand Tools 2018Date: 5-8 December, 2018Venue: Saigon Exhibition & Convention Center, Ho Ch...

Steel Prices Fall after Spiking to Record Highs1486fastener
fastenerTalk about a roller coaster. Chinese steel prices are falling this week after spiking to record highs last week as a series of curbs targeting speculative trading kick in.Starting Tuesday, one of China's biggest comm...

NORMA Group with strong organic sales growth in the first nine months of 20181506fastener
fastener--Sales increase by 7.0 percent to EUR 817.1 million--Strong organic growth of 9.7 percent--Adjusted EBITA margin at 16.0 percent--Group forecast for fiscal year 2018 confirmedMaintal, Germany, November 7, 2018 – N...

Lawson Products Expands in Canada1498fastener
Lawson Products, Inc. a distributor of products and services to the MRO marketplace, announced the opening of a new The Bolt Supply House branch in Vancouver, British Columbia resulting in presence in all four Western Ca...

China to ease tax burdens for private enterprises1440fastener
China will take solid steps to relieve the tax burdens for private enterprises to support better development of private businesses.The burden of taxes and fees on private enterprises will be further eased, according to a...

Wenzhou Fastener Industry Expects to Increase 5% 1477fastener
fastenerThe output value of Wenzhou fastener industry forecasts to increase 5% in the year of 2018 compared with that of last year, and the exports of the first eight months of the this year saw a growth of 36.89% year-on-year.A...

International Fastener Expo 2018 Expanded Conference Schedule Produces Top Attendee Experience1840fastener
fastenerThe 2018 International Fastener Expo (IFE) featured nearly 100,000 net sq.ft. of fastener, machinery, and tooling products and services and hosted 5,000 enthusiastic attendees, Oct. 30-Nov. 1, 2018, at the Mandalay Bay C...

indometal 2018 – continues to gain momentum as the gateway to global technologies for the metal & steel industries1512fastener
fastener• More than 6,700 visitors including key decision and policy makers and industry leaders from across Indonesia and the region visited the 3-day trade fair• 203 exhibiting companies from 22 countries brought wit...

fastenerBossard Group, a Swiss fastener technology and logistics company, has acquired a 49% stake in 3d-prototyp, a 3D printing service provider in Switzerland. The logistics company intends to acquire 100% of shares in 3d-prot...

China's excavator sales grow 44.9% in October1429fastener
fastenerVarious kinds of forklifts and excavators of different sizes are on display at an exhibition in Longyan city in Southeast China's Fujian province. [Photo/Xinhua]Sales growth of China's major excavator producers p...

Korea Metal Week 2018 Ends with Positive Results1956fastener
fastenerKOREA METAL WEEK 2018, this leading tradeshow for the metal industry, was held at the KINTEX in Goyang City from October 30 to November 2, 2018, offering a broad range of solutions and innovative ideas for critical indus...

21st Manufacturing World Osaka: Breaking its records! - 1,233 Exhibitors & 38,673 Visitors 1510fastener
fastenerAsia's Leading Manufacturing Industry Show! "21st Manufacturing World Osaka" is Asia's leading trade show for manufacturing industry held at INTEX Osaka, Japan from October 3 - 5, 2018. The number of ex...

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