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20
By John Wolz
editor@FastenerNews.com
IFI launches Online Fastener Technical Data Service
The Industrial Fasteners Institute ISO and DIN. for such information as thread data, grade
launched its Technology Connection online The online service offers single page and property class, tapping screw mechanical
technical data service. summaries, standards tables, parts diagrams and performance data, drill and tap selection.
“Using pull-down menus to describe and all relevant data. Torque values are added Greenslade is conducting online conference
fasteners, subscribers can see all of the and there are conversion and calculation demonstrations to showcase the service. "I've
technical information related to that product tools. The web service has been developed worked on a lot of neat projects over the
instantly on a single screen. The information for distributors, importers, end-users and years, and this is right at the top in terms of
can be viewed, printed, or saved as a PDF fastener manufacturing sales and operations its contribution to the industry." The IFI also
file. This cuts the time to find technical personnel. offers free 10-day trials to let potential
information by at least 80% and puts it in a The product standards module provides all subscribers test the service.
format you can keep for yourself or share specifications integrated into a single page: For a more comprehensive source of
with your customers,” IFI technical Torque calculator, inch/metric conversion, technical information, the IFI's books will
engineering director Joe Greenslade told fraction/inch/decimal/millimetre conversion, continue to be around for a while. Greenslade
FastenerNews.com. international raw materials cross references, said he didn't envision the new service as
Technology Connection provides material, technical bulletins, mechanical drawing, head replacing the IFI's standards manuals. The IFI
dimensional or performance standards and & strength marks, dimensional data, thread incorporated about 90% of the tabled data
specifications for inch and metric standard data, grade, hardness, tensile strength, proof from its standards books into the program,
nuts, bolts, screws, washers and socket load, yield strength and single shear. plus documents on ISO and DIN standards.
products. Standards include IFI, ASTM, ASME, Future phases will add data lookup tables Web: indfast.org.
HTI announces fuel surcharge
Alcoa CEO: Fasteners
Hit with skyrocketing fuel costs, "Trying to predict what impact the FSC
Heads & Threads International will will have on a given product line, so as
'extremely profitable'
implement a fuel surcharge (FSC) on to include it in our item price, could
all prepaid shipments beginning (depending on your product) artificially
Alcoa CEO Klaus Kleinfeld told Dow Jones News
August 1, 2008. increase your total quote price," CEO
that Alcoa won't be shy in making bolt-on
"HTI has experienced a 21% increase Michael Wrenn and sales vice president
acquisitions on the downstream side, noting a
on outbound freight paid shipments over Rich Megliola said in a joint statement.
recent deal to buy two aerospace fastener
last year and over 40% over a few years "This is something we categorically businesses.
ago," the company stated. "This increase oppose." During the first quarter of 2008 Alcoa boosted its
is a direct result of a fuel surcharge (FSC)
The FSC will be directly linked to the
aerospace capacity by acquiring Republic Fastener
that all carriers have implemented."
cost of diesel fuel and the carrier's FSC,
Manufacturing Corp. and Van Petty Manufacturing,
The company noted that the national
meaning it will rise and fall with the U.S.
both of Newbury Park, CA. The companies have a
average cost of diesel fuel recently
total of 240 employees and combined 2007 revenue
National Average Diesel Fuel Index,
exceeded US$4.72 per gallon, up over
of US$51 million.
which is published by the Energy
US$2 per gallon from a year ago and
"You don't feel emotionally attached to a fastener
Information Administration of the U.S.
over US$1 per gallon since March.
until you realize that it attaches the plane [that you're
The FSC will be a rate per pound
Department of Energy. sitting in] together," Kleinfeld said. "They're highly
multiplied by the total weight of the
"We firmly believe that the time has
sophisticated, tiny elements, extremely profitable,
invoice and will appear as a separate
come for the fastener industry to adopt
and the market is suffering from a lack of supply."
line on the invoice. The FSC will not be
its own FSC separate and distinct from
Alcoa's Engineered Solutions segment, including
Alcoa Fastening Systems, reported revenue topped
added to ‘collect’, ‘will call’ or ‘prepaid’ the cost of the product itself," they
US$5.7 billion in 2007, while income declined to
and ‘add shipments’. added. Web: headsandthreads.com
US$316 million, despite a 36% jump in profit at AFS.
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