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FINdex sees double-digit growth for second straight year
The FIN Fastener Stock Index saw double- bested all other public companies that handle The year's lone stock split among fastener
digit growth for the second year in a row, fasteners by doubling its share value in 2007. companies was offered by Paulin during the
gaining 19.9% during 2007, compared with Other companies with share growth of at least second quarter of 2007.
a 6.2% increase by an index of related 30% included Barnes, Honeywell, Kaydon,
industrial stocks. During 2006 the FINdex Park-Ohio and Dorman. No public fastener companies were bought out
rose 19.7% by private investors during 2007. During 2006,
Companies whose stock lost value during 2007 companies divesting their fastener holdings or
While Precision Castparts achieved a strong included Black & Decker, Chicago Rivet, being taken private during 2006 included
77% gain in share value, B/E Aerospace Lawson and Paulin. Aviall, GE and Textron.
Rate of China fastener export
Global Fastener Study: Worldwide
growth slows
sales to top US$50.3 Billion
The rate of growth for steel and copper fastener
exports from China slowed in 2007, though the
Worldwide sales of industrial fasteners are projected to exceed US$50.3 billion
overall tonnage continued to climb, according to
official figures from the Chinese government.
by 2010, according to a new report by San Jose, CA-based Global Industry
Analysts.
China fastener exports increased 24.2% to 2.59 million
tons in 2007, down from the 37.3% growth rate
"Growth in the global industrial fasteners market over the next 4-5 years is to be
recorded in 2006, Xinhua News Agency reports. The powered mainly by an economic boom in the developing nations, particularly in the
export value gained 37% to US$3.34 billion last year,
Asia and Latin America" according to Industrial Fasteners Market Report. "Increased
slightly higher than the 33.1% increase in value during
construction activities and a spurt in production levels of consumer durables are to
2006.
increasingly drive demand for fasteners in both the advanced and developing nations,"
the publisher announced to FastenerNews.com.
During the final month of 2007 China exported 210,303
tons of steel and copper fasteners, with the shipment
value pegged at $288.84 million.
The 506-page report found that industrial fastener demand will growth mostly in the
areas of electronic and construction markets. Demand for industrial fasteners is
According to government figures, China fastener exports
growing significantly as a result of the boom in the construction industry, particularly
grew 33.8% to 1.14 million tons in 2004, while exports in the non-housing sector. However, the U.S. market is expected to slowdown in 2007
growth reached 32.7% to 1.52 million tons in 2005.
& 2008 due to housing slump and weakness in industrial and automotive sectors, the
report found.
Aerospace fastener sales robust
in 2007
"A steep decline in profit margin along with a need to maintain the highest quality is
driving relatively smaller players in the global fastener industry towards consolidation.
Many publicly traded Bossard CFO Stephan
An increasing number of players are tying up with other part/component
fastener companies saw Zehnder proclaimed 2007 manufacturers, positioning themselves as 'industry specific' system and service
strong sales and income "a very successful year," providers."
growth in 2007, most with organic sales growth
notably those with of 7.4% to a new
Bolts represent the largest product segment worldwide, with sales estimated at
aerospace fastener company record.
US$22.4 billion in 2007. The market for screws is projected to grow at a compounded
holdings.
Anixter achieved revenue
annual rate of 5.8% over the analyzed period 2001-2010. The automotive industry
Precision Castparts gains of 19% as it pushed
remains the largest end user for industrial fasteners, accounting for about 26% of the
reported a 24% overall to expand market share in
global sales value in 2007. However, the mechanical engineering segment is projected
jump in fastener product Europe, where sales
to post the fastest annual growth among end-use segments by 2010.
sales during their fiscal growth topped 30%.
third quarter. Aerospace Anixter started 2008 with
Europe dominates the global market with sales estimated at US$13.6 billion in 2007.
sales grew even faster, a "strong backlog."
Germany is poised to emerge as the regional market with fastest annual growth rate,
posting a 40% gain on the Companies serving
at a CAGR of 5% over the period 2001-2010. Bolts and screws dominate the US
strength of Cherry automotive markets had
fasteners market with an estimated market share of 53% and 22% respectively in
Aerospace's performance. to settle for more
moderate gains. ITW's
2007. The report also noted that the use of plastic fasteners is a trend catching on
Other companies with fastener products revenue
with consumers.
double-digit revenue in North America rose
growth included Fastenal, 1.5%, hampered by Industrial Fasteners Market Report includes 212 market data tables and utilizes
Nucor, Anixter, Grainger weaknesses in the information from 265 companies. The complete report sells for US$3,950. It can also
and Bossard. housing and OEM markets.
be purchased in sections. Web: strategyr.com/Industrial_Fasteners_Market_Report.asp
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