IN THE NEWS with Fastener News Desk the Week of June 12, 2023
Here’s what’s happening in fastener industry news and events the week of June 12, 2023.
Watch now on FastenerTV at YouTube: (10:16)
AFC Industries has acquired Iowa based White Distribution and Supply. Terms of the deal were not disclosed. The WDS acquisition is AFC’s sixth since the beginning of 2023 and their 11th since AFC was acquired by Bertram Capital in April 2021.
Zago’s Manufacturing, Co-founder and CEO Gail Friedberg Rottenstrich has been appointed to serve on the Manufacturing Extension Partnership (MEP) Advisory Board of National Institute of Standards and Technology (NIST)! Gail will contribute to the mission of enhancing the productivity and technological performance of U.S. manufacturing.
The 2023 National Fastener Distributors Association Annual Meeting will take place in Chicago, IL this week. June 13-14. Taking place will be the Board of Directors Meeting, Welcome Reception, NFDA Fastener Professional of the Year Award Presentation, Speakers, a State of the Industry Panel Program and more. For additional information go to NFDA-Fastener.org
Economic activity in the manufacturing sector contracted in May for the seventh consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. “The May Manufacturing PMI® registered 46.9 percent, 0.2 percentage point lower than the 47.1 percent recorded in April. Regarding the overall economy, this figure indicates a sixth month of contraction after a 30-month period of expansion. The New Orders Index remained in contraction territory at 42.6 percent, 3.1 percentage points lower than the figure of 45.7 percent recorded in April.
The seasonally adjusted Fastener Distributor Index for May (FDI) weakened further to 44.7 compared to the 46.3 reading in April. Respondents pointed to declining new business opportunities and general softening in the economy as the driver of the m/m decline. The Forward-Looking Indicator (FLI) improved slightly, albeit remaining well below the neutral-50 reading, reading 40.6 vs. the April reading of 37.8. Overall, the FDI results and Fastenal’s daily sales both suggest conditions remained soft in the fastener distribution market in May.
ATTN: Women in the Fastener Industry! WIFI honors the memory of Ann Bisgyer Wolz, co-publisher of Fastener Industry News. Ann, first worked in the fastener industry during high school for her stepfather, Eric Cohn, at Allied International. She later entered the trade show industry in New York City and returned to fasteners when she and spouse John Wolz acquired Fastener Industry News in 1994 where they shared co-publisher titles.
Don’t miss this amazing opportunity to become a Certified Fastener Specialist with the Fastener Training Institute. Apply for the WIFI Ann Bisgyer Wolz Scholarship today! Submission deadline: July 10, 2023
International Fastener Expo 2023
The International Fastener Expo is accepting nominations for the 2023 Fastener Hall of Fame and Young Fastener Professional of the Year prestigious Awards.
The Fastener Hall of Fame recognizes professionals who have made significant and enduring contributions to the industrial fastener industry on a national or global scale. Individuals selected for induction will join other honored industry members, including but not limited to inventors, business leaders, and educators. The Young Fastener Professional of the Year award recognizes and honors a young professional who has made significant contributions to the fastener industry.
The recipients will be recognized at a special event during the International Fastener Expo and receive a commemorative plaque. The deadline for nominations has been extended to June 30th! Nominate today at FastenerShows.com: https://fastenershows.com/awards-events-page/ife-2023-awards/
Official hotel accommodations are now open! To nominate or book your stay go to FastenerShows.com
Camcar has purchased the ttap® Brand and Technology. The TORX® ttap® Drive System combines the high torque capability of the TORX® Drive systems with the ttap® stability button. This drive system is ideal for the wood screw market. Camcar and Ttapdrive already cooperated in a partnership for over 10 years to promote the Torx® ttap® drive system through many quality distribution channels in the construction industry.
Next generation advanced planning and scheduling is here! Optessa’s AI-driven optimization ushers in a new way for manufacturers to generate optimal plans and schedules in a fraction of the time. Respond to disruptions, meet delivery dates, reduce excessive parts inventory, eliminate costly idle time, and stabilize your supply chain. Request a live demo of Optessa’s NextGen APS platform today!
Visit https://www.optessa.com/ for more information!
North Coast Fastener Association
The North Coast Fastener Association will host Cork-SCREW….Cheers to Fasteners event on June 22nd from 5:00-9:00PM. Join the NCFA for a casual evening out at the Sharon James Cellars located in Newbury, OH. Join the NCFA for a fun night out with industry friends including a Cornhole tournament. Space is limited for this event! REGISTRATION DEADLINE: JUNE 12. For registration info go to NCFAOnline.com
Registration is OPEN for MWFA FSTNR Week which will take place in Chicago August 20-24, 2023!
Members and attendees will experience:
- A Bed Build event at Abbott Interfast to support the Sleep in Heavenly Peace organization,
- MWFA Member Plant Tours
- Print Reading Seminar
- the 41st MWFA Fastener Show
- Retro 80’s Fastener Bash
- MWFA 70TH Golf Outing & Mixer.
- For all the details and to register go to mwfa.net
Registration form: https://mwfa.net/pdf/2023/exhibitors.pdf
The Fastener Training Institute
The Fastener Training Institute Announced Fastener Training Week will be held in Chicago on August 21st-25th, coinciding with the Mid-West Faster Association’s FSTNR Week! The Fastener Training Institute and the Industrial Fasteners Institute (IFI) continue their partnership to present Fastener Training Week — five intensive days of education and plant tours as part of the acclaimed FTI Certified Fastener Specialist™ (CFS) advanced technical training program. After completing this invaluable industry training in a small group environment and passing a final exam, attendees are eligible for the CFS designation. For more info go to: FastenerTraining.org
Registration is open for the 2023 International Fastener Expo at Mandalay Bay in Las Vegas from October 9-11, 2023.
The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners, machinery & tooling, and industrial products in North America. IFE caters to every level of the supply chain, making it the go-to event for industry professionals like you.
In addition to the exciting networking opportunities, the conference and education program at IFE 2023 will GIVE YOUR BUSINESS A LEADING EDGE. Hear from industry leaders and keynote speakers who will share their expertise on a variety of topics, including business growth strategies, cutting-edge technology, in addition to IFE’s new “Fireside Chat” that will engage discussion between the speaker and audience. You’ll also gain insights into the latest fastener inspection equipment, fastener vending technology and other advancements in the industry.
Register today at FastenerShows.com
The stories featured in this week’s episode of IN THE NEWS can be found on Fastener News Desk or in our Twitter feed @FastenerNews and LinkedIn in the Fastener News Group!
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