“Major improvements (produce)... a modern, agile, and efficient facility, perfectly aligned with our operational excellence standards.”
“Tariff/trade war headlines continue to dominate the news cycle and lead to anxiety over rising recession risk,” according to the Fastener Distributor Index.
Kaohsiung officials want Taiwan's fastener manufacturing sector designated as an “impacted industry” for special government assistance to reduce impacts of new U.S. tariffs.
“Reciprocal” tariffs do not apply to the company’s fastener and wire products, which are subject to a 232 tariff of 25% announced in March.
“Howmet will be excused from supplying any products or services that are impacted by this declared national emergency and/or the tariff executive order,” the Pittsburgh-based company reportedly told customers.
New hire brings “national expertise and deep industry knowledge” to the position, according to AFC Industries.
35-year fastener industry veteran has worked for Würth Industry North America and Supply Technologies.
U.S. President Donald Trump imposed steep 'reciprocal' tariff rates, including 34% on China, 32% on Taiwan, 46% on Vietnam, 25% on South Korea, 24% on Japan, 20% on the EU, and 10% on the UK.
Conservationist, geophysicist and mountaineer Pasquale Scaturro to keynote the 2025 Specialty Tools & Fasteners Distributors Association convention.
In the final quarter of 2024, fastener segment sales fell 40%, led by a 44% drop in sales to automotive customers.
Howmet Aerospace recorded the highest FIN Fastener Stock Index gain at 18.6%, driven by fresh demand as top aerospace companies scramble to replace capacity destroyed when a fire gutted an SPS Technologies factory in February.
Huyett: “These hats are a lighthearted but meaningful way to voice concerns about the unintended consequences of protectionist trade measures.”
