Illinois Tool Works reported lower first-quarter profit and revenue as economic uncertainty hurt demand for fasteners and other industrial tools and equipment.
Hillman CEO Jon Michael Adinolfi estimated the impact of all new 2025 tariffs to be about $250 million on an annualized basis.
Prior experience includes working for Würth Industry North America as CEO: MRO, Safety and Metalworking Division.
“With this new location, we’re even better positioned to meet the needs of our valued customers in South Louisiana with faster delivery, more inventory on hand, and local expertise.”
Online resource serves as a hub for updates, insights and tools to assist suppliers and customers in navigating evolving tariff regulations.
Waterbury Swiss Automatics in Connecticut hasn’t seen a decline in orders thanks to an uncommon blend of customer industries and raw material sources.
Squeezed by utility rate hikes and staggering U.S. tariffs, Taiwan's vital fastener industry is forced to “hold on and wait for customers to renegotiate prices.”
President of Sems & Specials and MD of JM Tor Par will serve prominent division roles at the Industrial Fasteners Institute.
Following a devastating factory fire in February, some fastener manufacturers (possibly Howmet Aerospace and LISI Aerospace) have accepted contracts to provide an alternate supply at higher prices.
Bookings in the first quarter of 2025 increased, driven by new fastener components qualified in early 2024 and electronic modernization efforts on U.S. DoD missile defense programs.
Falling cabin ceilings during takeoff divert two Delta airline flights, likely caused by improperly torqued fasteners “designed to be tight but not too tight in case flight attendants have to get to the wiring for a fire.”
Unlike 2018, 232 tariffs imposed in March by U.S. President Donald Trump on steel and aluminum imports cover imported screws, nails, and bolts.
