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Impact Report: US Tariffs & Global Retaliations

Tariffs are dominating the news these days with the story changing almost hourly. What countries or industries will President Trump target next? Who will retaliate?

Freedonia’s new white paper draws upon the experience of its industry analysts to assess the potential impact of the latest tariffs on industries ranging from appliances to wine. This new analysis provides quick, easy to read summaries of how tariffs could impact 20 key US industries.

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NFDA awards three new scholarships for Fastener Training Week

The National Fastener Distributors Association (NFDA) has awarded three scholarships for Fastener Training Week, an advanced fastener technical training program produced by the Fastener Training Institute.

  • Brian Goolie,inside sales/customer service, Empire Bolt & Nut, Spokane, Washington
  • Laura Lamanna, engineering/quoting, Buckeye Fasteners, Cleveland, Ohio
  • David Pawletki, senior applications engineer, Shamrock International, Itasca, Illinois

Applicants were evaluated based on the recommendation from their employer, personal achievements, work experience, and an essay. Identifying information was redacted so that the team evaluating the applications did not know the names or employers of those applying.

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Supreme Court Win on Sales Tax Issue!

FROM:
Jade West, Senior Vice President-Government Relations
National Association of Wholesaler-Distributors

This morning the Supreme Court handed down a decision in the Wayfair case overturning the Quill decision and – finally!! – allowing states to require out-of-state/online sellers to collect state sales taxes.   NAW joined Amicus briefs in this case, and it is a huge victory for our brick-and-mortar businesses.

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Checklist for choosing a quality retaining ring manufacturer

You certainly have choice of vendors when sourcing retaining rings, but not all retaining ring suppliers offer the same level of quality, expertise, and trust. Here are 5 points you should consider when choosing your next retaining ring supplier:

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EU Imposes Retaliatory Tariffs on Certain Fasteners

The World Trade Organization announced today the imposition of new tariffs on certain fastener products imported from the U.S. by European Union countries, effective June 22, 2018:

CN Code Description Additional Duty
73181410 Self-tapping screws, of iron or steel (other than stainless (excl. wood screws) 25%
73181491 Spaced-thread screws of iron or steel other than stainless 25%
73181499 Self-tapping screws of iron or steel other than stainless (excl. spaced-thread screws and wood screws) 25%
73181640 Blind rivet nuts of iron or steel other than stainless 25%
73181660 Self-locking nuts of iron or steel other than stainless 25%
73181692 Nuts of iron or steel other than stainless, with an inside diameter <= 12 mm (excl. blind rivet nuts and self-locking nuts) 25%
73181699 Nuts of iron or steel other than stainless, with an inside diameter >= 12 mm (excl. blind rivet nuts and self-locking nuts) 25%

 

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EFC Accelerates Growth Into Mexico

EFC International, a leading supplier of engineered fasteners, with their corporate office in St. Louis, Missouri, continues to expand their global presence with the establishment of their office and warehouse in Mexico, EFC Global, S de RL de CV.

“Our recently established legal entity and operations in Mexico, including a warehouse in Querétaro, outside sales engineers, customer service and support staff in Mexico, enables EFC to enhance our service level in the region.  We’re able to respond more quickly and hold inventory in closer proximity to our customer base.  We also are positioned to act as a key channel partner into Mexico for our strategic partner suppliers.   With our locations in the United States, Mexico, Germany, China and South Korea, EFC truly has become a global leader in the supply of engineered fasteners and components.  EFC enables multi-national OEM customers and suppliers to utilize our services on multiple continents, taking advantage of our global network to mitigate supply chain risks and improve local service,” said Mary Becker, Vice President of North American Sales. 

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Kelly Cole Elected NFDA President for 2018-2019

Kelly Cole of Hayes Bolt & Supply (San Diego, California), pictured left, was elected as the 2018-2019 president of the National Fastener Distributors Association. Dan Zehnder of Trinity Logistics Corporation (Waukesha, Wisconsin) will serve as vice president, Bruce Hayes of Sems & Specials (Rockford, Illinois) as associate chair, and Kevin Miller of Bamal Corporation (Charlotte, North Carolina) will remain on the Board as immediate past president.

Four new Board members were elected to serve on the NFDA Board: Adam Derry of Field (Machesney Park, Illinois), Keven Simmer of Wurth DMB Supply (Des Moines, Iowa), Scott Somers of Mid-States Bolt & Screw Company (Flint, Michigan), and Bryan Wheeler of Star Stainless Screw (Wood Dale, Illinois).

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Advance Components | Master Stocking Distributor of Heyco® Solar Power Components

Advance Components is now a master stocking distributor of Heyco® Solar Power Components. Heyco® is a worldwide leading manufacturer of wire management products and components. The Heyco® solar line of SunRunner® Clips, SunBundler® and Nytye® Cable Ties, and Liquid Tight Cordgrips set the standard for excellence and high performance in the solar industry.

“Heyco is excited to announce the recent addition of over 220,000 pieces of 28 different SKUs to Advance Components’ offering,” says Tom Marsden, Renewable Energies and Product Sales Manager. “Advance’s outstanding level of service and Heyco’s superior quality in products makes it a no-brainer when choosing a partner for your next solar job.”

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Announcement of new TORX® and TORX PLUS® fastener licensee: Shanghai Autocraft

Acument is pleased to announce the addition of a new TORX® and fastener licensee to our program, effective immediately. The new licensee is:

Shanghai Autocraft Co., LTD
No. 168, Nanlu High Way
Pudong New Area
China
TEL: +0086 3818 1068
FAX: +0086 3818 1199
www.autocraft-china.com

Shanghai Autocraft Company is allowed to purchase TORX® and TORX PLUS® header tooling at this time. Please inform all appropriate personnel within your company of this new addition and restrictions.

If you have any questions, please contact Jim Wayman, Americas Rep & Licensing Marketing Manager at [email protected] or 815-544-7590, or Gordon Anderson, Autocraft USA President, at [email protected] or 404-328-5969.

Rotor Clip Offers “Rings On Wire (Row)” To Help Eliminate Packaging Headaches

ROTOR CLIP OFFERS “RINGS ON WIRE (ROW)” TO HELP ELIMINATE PACKAGING HEADACHES.

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Sherex: FLEX-18 Hydro-Pneumatic Tool


Fastening Systems Engineered For Performance™
THE FASTENER FIX


Flex-18 Hydro-Pneumatic Tool

Looking for a powerful rivet nut installation tool? Sherex's FLEX-18 Spin-Pull Tool provides a pulling force of 18,000 pounds (80 kN) and up to 15mm (.591 inches) of available stroke. Features and benefits of this tool include:




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Earnest Machine Adds Domestic Hex Nuts to Product line

ROCKY RIVER, OH—May 14, 2018–-Earnest Machine is now offering domestic hex nuts in response to increased demand for U.S.-made products.

“The federal Surface Transportation Assistance Act of 1982 requires the use of domestically made products in transit projects that receive more than $100,000 in federal money,” said Patrick Ginnetti, marketing director for Earnest Machine. “As the country’s infrastructure ages, maintenance, and repair spending on transportation infrastructure continues to grow in the U.S., which means increased demand for products made here.”

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Fastener Training Institute Elects New Officers

A Press Release from the Fastener Training Institute

Officer elections were held at our most recent Board of Directors meeting. We’re pleased to announce the following:

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Fastener Fair Stuttgart 2019: Stand bookings well underway New Special Area for Bonding and Adhesive Technologies

Fastener Fair Stuttgart 2019 will take place from 19 – 21 March 2019 at Messe Stuttgart in Germany. The 8th International Exhibition for the Fastener and Fixing Industry will once again occupy halls 1, 3 and 5 at the Stuttgart Exhibition Centre. Less than one year ahead of the show stand bookings are already well underway. The organiser Mack Brooks Exhibitions also announces that, for the first time during Fastener Fair Stuttgart 2019, there will be a special area for bonding and adhesive technologies, the “Bonding & Adhesive Technology Area”.

Over 700 companies from 38 countries have currently already secured their stand space at the International Exhibition for the Fastener and Fixing Industry. Amongst them are companies from Germany, Italy, the Netherlands, Spain, the United Kingdom, Turkey, China, India and Taiwan. To date, more than 18,000 square metres of the available net exhibition space have been booked or reserved. Hence, 85% of the total available stand space has been secured by exhibiting companies, around one year ahead of the show.

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Steel/Aluminum Tariffs Suspended til June 1; NAFTA Negotiations Extended and Updates on CFIUS, China, IP and GSP

A Message From NAM

White House Continues Suspension of 232 Tariffs on Steel and Aluminum Imports until June 1 for European Union, Canada and Mexico; Reaches Deals with Argentina, Australia and Brazil

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Wave Springs Beat The Heat


Thermal expansion is a common problem in applications that are exposed to high temperatures or that use materials sensitive to temperature changes. The usual problem is that internal components become loose after external components expand due to an increase in operating temperatures causing unwanted movement, vibration, and noise within the application. Design engineers plan to avoid this situation by pre-loading components with spring elements that compensate for thermal expansion and fix the components tight in place, avoiding unwanted movement within the application.


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Cable Tie Express Expands Offering of Stainless Steel Cable Ties

Earnest Machine Adds New Drilling Capability

High-volume production drilling makes custom easy

ROCKY RIVER, OH—April 4, 2018–-Earnest Machine has added new equipment at its Rocky River, OH, facility that enables the company to do high-volume production and specialty drilling of holes from 3/64” to 13/32”. “Earnest has always offered low-volume drilling of parts,” said Al Shannon, manufacturing manager at Earnest Machine. “This new equipment opens up additional opportunities, enabling us to bring more drilling services in-house and allows us to take on higher volume runs of up to one million pieces.” Shannon noted that adding high-volume drilling capabilities equips Earnest Machine to offer one-stop shopping for customers who need specialty work, making custom jobs quick and easy. In addition to the ability to drill small diameter holes in small parts in large volumes, Earnest continues to offer hex head and socket head drilling up to 1-1/4” diameter; thread drilling up to 2” diameter; core drilling up to 2-3/4” deep and tapping up to 2-1/2” deep. “One of the common complaints in our industry is that machine shop work is rarely on time,” added Shannon. “At Earnest Machine, we track our shop metrics and our on-time delivery rate is 97.4%. That’s because everything we do is wrapped in the Earnest customer service experience, including the custom work in our shop. If it’s not a quality part, the job’s not complete.”

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Mastering RPA: How to Maximize ROI with Minimal Investment

Mastering RPA: How to Maximize ROI with Minimal Investment

Leading the charge for Industry 4.0, robotic process automation is capable of digitally transforming distribution through small initiatives that drive big results

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Replacing Welded Hex Fasteners with Full Hex Rivet Nuts!

Sherex Application Spotlight: Replacing Welded Hex Fasteners with Full Hex Rivet Nuts!

 

Sherex's engineering team worked with a manufacturer of agricultural equipment to significantly reduce their fastener and installation costs for several key joints.

The Challenge:
  • The OEM was experiencing low throughput rates and creating toxic emissions by utilising weld nuts.
The Solution:
  • Sherex's engineering team designed and produced a full hex rivet nut to be installed using the FLEX-5 rivet nut installation tool.
  • The new solution increased throughput by 50%, eliminated toxic emissions, AND provided a significant cost savings to the OEM.
The Sherex engineering team is available to assist you with your fastening challenges. Contact us at [email protected] or call 866-474-3739 for more information.