IN THE NEWS with Fastener News Desk the Week of September 4, 2023

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IN THE NEWS with Fastener News Desk the Week of September 4th, 2023

Here’s what’s happening in fastener industry news, IFE Award announcements, training opportunities, and upcoming association events in the news the week of September 4th, 2023…

Watch now on YouTube @FastenerTV: (13:01)

Today the nation celebrates Labor Day. Observed the first Monday in September, Labor Day is an annual celebration of the social and economic achievements of American workers. The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. Thank you to all American workers, we appreciate your contribution to making us a better nation and a much better world.

10 Minutes with Marc Strandquist, CEO Optimas

We are deeply saddened to report that the fastener industry has lost AN INDUSTRY VETERAN, Marc Strandquist, Marc joined Martin Inc. as Executive Vice President, Fastening Solutions in January. He began his executive career with smaller businesses before transitioning to Würth Industry North America and Optimas Solutions. Our deepest condolences go out to the Strandquist family.

BIG announcement from the International Fastener Expo. The names of the 2023 inductees of the prestigious IFE Fastener Hall of Fame and Young Fastener Professionals of the Year Awards have been announced. The International Fastener Expo will showcase a special ceremony on October 10th in the Exhibit Hall at Session Stage from 3 to 4 pm.

Congratulations to the 2023 Fastener Hall of Fame and Young Fastener Professional Awards Inductees…

IFE 2023 Fastener Hall of Fame and Young Fastener Professional of the Year Inductees

In Fastener Industry Acquisition News: Genesys Industries Acquires Sterner Screw Machine, A Premier Manufacturer of Screw Machined Fastener Components and Hardware Products. Genesys Industries announced that the company has acquired 100% of Sterner Screw Machine (SSM) for cash at closing. Rockford, IL based Sterner Screw Machine (SSM) was founded in 1985, a second-generation owned company. SSM is a leading production manufacturer of screw machined and fastener components for the aerospace, hydraulic, pneumatic, and industrial sectors. Read full release:

Genesys Industries Acquires Sterner Screw Machine

Economic activity in the manufacturing sector contracted in August for the 10th consecutive month following a 28-month period of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. “The August Manufacturing PMI^® registered 47.6 percent, 1.2 percentage points higher than the 46.4 percent recorded in July. Regarding the overall economy, this figure indicates the ninth month of contraction after a 30-month period of expansion. The New Orders Index remained in contraction territory at 46.8 percent. Read more:

Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

Feel the energy building as the 2023 International Fastener Expo (IFE) prepares to set the stage for the largest convergence of the fastener industry in North America in years.

With IFE’s commitment to excellence and innovation, the event promises to be a catalyst for industry growth and collaboration.

Mark your calendar for October 9-11th at Mandalay Bay, as Las Vegas becomes the epicenter of fastener innovation and expertise. IFE 2023 will offer attendees an array of sessions designed to captivate, educate, and inspire. From a world-class exhibition of fasteners, and industrial products, to a magnetic keynote speaker, enriching conference sessions, and panel discussions led by esteemed industry experts—this is your ticket to igniting success.

Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com

Ignite Your Industry Impact: IFE 2023 Unleashes A New Era of Fastener Excellence

HAPPENING THIS WEEK!

Golfers grab your clubs and get ready for the North Coast Fastener Association’s SCREW OPEN GOLF OUTING taking place Thursday, September 7^th at the Valleaire Golf Club in Hinckley, OH. Join fastener industry friends for a fun filled day of golf, contests, and prizes. All the fun is for a great cause – to raise $$ for the NCFA annual scholarships. NCFAonline.com

Golfers get ready for the Southwestern Fastener Association will hold their Annual Golf Outing and Networking event. September 7^th at the Hermann Park Golf Course in Houston, Texas. BBQ dinner and awards presentation after the tournament. For more info go to https://www.southwesternfastener.org/

LIVE WEBINAR: Fundamentals of Fastener Plating and Coating September 8, 12:00 p.m. to 2:00 p.m. ET Co-Produced by Industrial Fasteners Institute and Fastener Training Institute. With instructor, Laurence Claus, IFI Director of Education and Training. Participants will explore why plating’s and coatings are applied to fasteners, the basics of electroplating and other coating processes. Register now: https://fastenertrainingevents.com/fundamentals-of-plating.htm

UPCOMING EVENTS!

Connect – Learn – Grow at the 2023 Pac-West Fall Conference happening Thursday, September 14, 2023 – Saturday, September 16, 2023. Three days of networking, education, and fun. To learn more and register go to: pac-west.org

Join the New England Fastener Distributors Association for Understanding Blueprints, a virtual class September 18th at 10:00am. ET. The class is for anyone in the fastener industry, whether you’re just starting your fastener career or are a seasoned veteran. Instructor Jim Speck will be demonstrating how to effectively read a blueprint.

He will cover the basics such as:

How to read a print
The different types of prints
Understanding what needs to be on a print
Understanding tolerances and specifications

Visit https://www.nefda.com/event/print-reading-basics-with-jim-speck/ to register now!

Fastener Basics

Grow from novice to knowledgeable with Fastener Training Institutes Fastener Basics training coming to a city near you! Learn the basics of fastener parts and increase your fastener knowledge advantage! Expert trainer Laurence Claus, Industrial Fasteners Institute, Director of Education and Training, will teach this all-day training session geared for individuals new to the fastener industry and those who need to know more about the products they sell. Fastener Basics Training is scheduled for:

DENVER, CO: Sept. 22 https://fastenertrainingevents.com/fastener-basics-denver.htm

LOS ANGELES, CA: Sept. 27 https://fastenertrainingevents.com/fastener-basics-la.htm

UNION CITY, CA: Nov. 16 https://fastenertrainingevents.com/fastener-basics.htm

The Industrial Fasteners Institute Fall Meeting will be held at the Omni PGA Frisco Resort in Frisco, TX Saturday, September 23, 2023 – Tuesday, September 26, 2023. IFI has an exciting agenda, including keynote speakers and leisure activities. For membership and event details go to indfast.org https://indfast.org/meetings/

It’s time for the Pacific West Fastener Associations Annual What’s New? What’s Next? Fall dinner program! Tuesday, September 26^th includes Vendor Showcase, Cocktail Hour, Dinner, and Program. For more information go to pac-west.org

Have you ever wondered if industrial 3D printing, also known as additive manufacturing, could make your process more efficient, cost-effective, or secure? Join the Würth Additive Group for 3D Demo Days events across the United States to connect with their team and learn about the power of additive manufacturing by watching it live! Würth Additive Group wants to bring together industry, higher education, and other interested individuals to discuss the latest developments in Additive Manufacturing, both technical and commercial at their 3D Printers in the WILD Demo Days event!

Next stop: Mon, Oct 2, 2023, 5:00 PM – 8:00 PM at Flo & Santos, in Chicago, Illinois. For more info about tour dates go to WurthAdditive.com

Event link: https://lp.wurthindustry.com/demo-days-2023-chicago-il-3d-printers-in-the-wild

Less than 2 months away! Until the 2023 International Fastener Expo at Mandalay Bay in Las Vegas October 9-11, 2023. Step into the future of fasteners, machinery, and industrial products at the most anticipated event of the year! The International Fastener Expo (IFE) is the ultimate business-to-business expo for all things fasteners…As the largest fastener event in North America for more than 40 years, IFE caters to every level of the supply chain, making it the go-to event for fastener industry professionals. Attendees can participate in special events like the IFE Annual Golf Tournament, the Welcome Reception Party, Keynote Speaker, informative sessions on the show floor. And the prestigious Fastener’s Hall of Fame & Young Fastener Professional Award Ceremony, where industry excellence is celebrated. Register now Use promo code FND50 to save $50.00 on registration. Go to FastenerShows.com

Join the Fastener Training Institute for an all-day training program on Monday, October 9^th, at the International Fastener Expo! Fastener Fundamentals, The Nuts and Bolts for Fastener Professionals, will offer the best of the Fastener Basics Training and Certified Fastener Specialist™ Training programs. The one-day class will bring the basics of fasteners and beyond to industry professionals. Take advantage of early bird pricing through October 7, 2023. Register now: https://fastenershows.com/fti-class/

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!

The stories featured in this week’s episode of IN THE NEWS can be found in our (X) feed @FastenerNews and on LinkedIn in the Fastener News Group!

If you would like to share your company’s news or events contact me, lisa@fastenernewsdesk.com. Thanks for tuning in to this week’s episode of ‘IN THE NEWS’ with Fastener News Desk.