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Insights from Fastener Associations's Presidents 2019-12-16

Accordingly, in our most important flagship issue of the year in November, we are pleased to have EFDA, FAI, HKSFC and UPIVEB presidents joining us to share with their precious point-of-views on the current industrial scenarios and what their associations are going to do or have ...

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China's economy to stabilize despite trade war 2019-12-13

The US-triggered trade war has hurt China's exports, increased uncertainty and dampened business investment in 2019. And since the US-China trade war seems likely to last longer, Chinese policymakers may also want to keep some policy reserves for the future.Therefore, we...

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Automotive industry in the demand for fasteners accounted for the largest proportion 2019-12-12

The Korean automobile industry is the most important part of Korean industry. In the first half of 2019, due to steady increase in exports, the production volume of automobile reached 2020332, up by 1.2%.However, in terms of domestic sales, although the government has adopte...

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China, S. Korea steel companies form JV 2019-12-11

A worker oversees production at a plant of HBIS Group Hansteel Co in Handan in North China's Hebei province. [Photo/Xinhua]The HBIS Group Co Ltd said it will partner with South Korea's largest steel company POSCO in setting up a joint venture in China to develop, produce ...

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US November Fastener Distributor Index Re-Enters Contraction 2019-12-10

The November Fastener Distributor Index — operated by FCH Sourcing Network in partnership with R.W. Baird — was posted on Thursday, showing its most precipitous drop in more than three years and falling into contraction territory.Following a 3.9-point drop from September-to-Oct...

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Germany's manufacturing industry recorded 0.4 pct less new orders in October 2019-12-09

New orders in Germany′s manufacturing industry decreased 0.4 percent in October compared to the previous month, and 5.5 percent year-on-year, the Federal Statistical Office (Destatis) announced on Thursday.According to Destatis, domestic orders fell by 3.2 percent in October com...

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Racing into an 80 Years Milestone- SACMA Impresses the Industry with“High Speed" in Monza 2019-12-06

On October the 8th, 2019, the world's leading and Italy headquartered fastener manufacturing machinery producer SACMA LIMBIATE S.p.A., organized a grand event in one of the world's oldest racing track in Monza (Italy) in celebration of the significant 80th anniversary mil...

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Brazilian president denies US accusation of devaluing currency 2019-12-05

Brazil's President Jair Bolsonaro and US President Donald Trump shake hands during a bilateral meeting at the G20 leaders summit in Osaka, Japan, June 28, 2019. [Photo/Agencies]RIO DE JANEIRO -- Brazil's President Jair Bolsonaro on Wednesday denied his administration has ...

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US reimposes steel and aluminum tariffs on Brazil, Argentina 2019-12-04

An Alcoa aluminum plant in Alcoa, Tennessee, US is seen in this April 8, 2014 file photo. [Photo/Agencies]WASHINGTON -- US President Donald Trump announced Monday that the United States will restore the tariffs on steel and aluminum imported from Brazil and Argentina "effect...

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Carlo Salvi celebrates its 80th anniversary 2019-12-03

Carlo Salvi, a benchmark for cold forming headers – producing fasteners for the aeronautic, automotive and electronic sectors, celebrated its 80th anniversary in September. An occasion to remember the great story of the company from Lecco, Carlo Salvi SpA decided to sh...

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