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Industry News

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China auto sales shrink in December, end year up 1.4 percent96fastener
fastenerChina's auto sales shrank in December and ended 2017 up a lackluster 1.4 percent over a year earlier as the popularity of SUVs helped to offset falling demand for sedans, an industry group reported Friday.Last month&...

Interview: BMW optimistic about electrified car prospects in China151fastener
With an eye to launching more electrified vehicles in China, German automaker BMW is optimistic about selling more such eco-friendly cars in the world's fastest-growing market, BMW chief financial officer Nicolas Pet...

indometal 2018 grows alongside upbeat infrastructure demand and positive growth in Indonesia's metal and steel sectors183fastener
fastener16 January 2018 – The outlook is strong for indometal - international metal and steel trade fair for Southeast Asia scheduled to take place in Jakarta from 17 to 19 October 2018 at JI Expo, Kemayoran. With just under a y...

Fairmont Supply Acquires Fastener Distributor THB Inc.190fastener
fastenerWashington, PA-based MRO supplied distributor Fairmont Supply Company, on Friday announced that it has acquired Salt Lake City, UT-based fastener distributor THB Inc. Terms were not disclosed.THB, which also has a locati...

Bossard US Sales Jumped More Than 18% In 2017210fastener
fastenerSwitzerland-based fastener distributor Bossard reported its 2017 full year sales figures on Thursday, which showed considerable improvement in the U.S.Bossard posted full year 2017 total sales of $805.7 million, up 13.1 ...

November US Cutting Tool Consumption Up Nearly 10% YoY238fastener
fastenerNovember U.S. cutting tool consumption totaled $185.00 million according to the U.S. Cutting Tool Institute and the Association For Manufacturing Technology (AMT). This total was down 6.6 percent from October’s $19...

Fastener Distributor Index Posts Modest December Increase267fastener
fastenerFCH Sourcing Network and the National Fastener Distributors Association released their monthly Fastener Distributor Index (FDI) for December on Wednesday, showing a modest increase over November.The seasonally-adjusted D...

Vietnam's auto sales down 10 pct in 2017244fastener
Vietnam's total automobile sales in 2017 were 272,750 units, posting a year-on-year drop of 10 percent, the Vietnam Automobile Manufacturers Association said on Thursday.Specifically, sales of passenger cars decrease...

China adjusts tariff policies for major equipment imports265fastener
Chinese authorities have released tariff policy adjustments for imports of major technological equipment in response to changing industrial development in the country.A notice issued by six government agencies including ...

WüRTH GROUP ACHIEVES RECORDS IN SALES AND OPERATING RESULT282fastener
fastener--Sales grow by 7.5 percent to new record level of EUR 12.7 billion--Operating result also at record high--E-business share continues to growAccording to the preliminary annual financial statement, the Würth Group r...

German industrial orders decrease unexpectedly in November333fastener
German manufacturing orders decreased slightly in November 2017, provisional figures released on Monday by the Federal Statistical Office (Destatis) showed.Seasonally-adjusted new manufacturing orders in November fell 0....

China releases new steel capacity replacement policy294fastener
fastenerThe Ministry of Industry and Information Technology (MIIT) announced Monday a new policy to ensure zero growth of steel capacity in 2018.The new policy forbids plants from increasing capacity.In environmentally sensitive...

More industrial overcapacity to be cut for high-quality economy in 2018297fastener
More industrial overcapacity will be cut to deepen supply-side reform for high-quality economic develop in 2018, People's Daily reports.China is expected to fulfill the goal proposed in 2016 to shut down 500 million ...

Threaded Fasteners Inc. Expands Again in Florida Market with Addition of Tampa-based Bolt & Nut Inc.312fastener
Threaded Fasteners Inc. (TFI), an employee owned business specializing in the manufacturing, custom packaging and distribution of steel fasteners, has acquired Bolt & Nut Inc., a Florida-based manufacturer and distri...

U.S. factory orders rise for 4 consecutive months276fastener
U.S. factory orders rose for four months in a row by November 2017, mostly driven by increases in transportation equipment orders.New orders for manufactured goods increased 6.5 billion U.S. dollars, or 1.3 percent, to 4...

Accord to bolster global sales of Chinese planes274fastener
fastenerA C919 airplane takes off from the Shanghai Pudong International Airport for a test flight to Xi'an, Northwest China's Shaanxi province, on Nov 10, 2017. A new agreement with Washington will help pave the wa...

China's excavator sales almost double in 2017252fastener
fastenerExcavators produced by China's Sany Heavy Industry Co Ltd are displayed at Conexpo-Con/Agg, a trade show for the construction industry at the Las Vegas Convention Center. [Photo/Asian News Photo]Sales by China's ...

Hike in steel price: Bizmen threaten to go on indefinite hunger strike from Jan 11343fastener
City businessmen have sent a representation to the Prime Minister and the Union finance minister expressing disappointment over the price hike of Rs 7,000 per ton of iron and steel and requesting them to look into the ma...

China to invest $113b in railway in 2018331fastener
fastenerA high-speed train heads to Ulanqab from Hohhot in the Inner Mongolia autonomous region in August, marking the openning of the region's first high-speed railway. [Photo by Tang Zhe/For China Daily]China set the goal ...

Caixin China manufacturing PMI rises in Dec.384fastener
Activity in China's factories expanded at a faster rate in December, according to a private gauge that offered a conflicting signal of economic activity in the world's second-largest economy.The Caixin China manu...


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