20
Anixter fastener
U.S. sets preliminary
sales up
antidumping duties on
Anixter International growth, increasing 2% to
announced sales at its US$149.8 million during
North American OEM Q3. The depreciation of the
Chinese threaded rod
supply business, British pound reduced
including fasteners, grew sales by US$2.3 million,
The U.S. has set preliminary reaching 89%. Imports of the steel rod
18% to US$140 million and Anixter said it's
anti-dumping duties on threaded from China increased 67% from 2005
during the third quarter bracing for "a number of
rod imports from China. to 2007.
of 2008, including customer production
"Dumping of imports of steel
"We have seen an extraordinary
US$11.6 million relating cutbacks in response to
threaded rod in the U.S. market by
increase in the volume from China at
to recent acquisitions. softening economic
foreign exporters unfairly undercuts
prices which are often less than the
"Strong growth in sales conditions in Europe."
American manufacturers," assistant
cost of our raw materials," Vulcan
to aerospace and defense Overall Q3 sales rose
commerce secretary for import
customers more than 5% to US$1.59 billion,
administration David Spooner stated.
president Bill Upton told
offset the slight sales while net income dropped
Alabama-based Vulcan Threaded
FastenerNews.com in March.
decline to industrial 4.7% to US$61.7 million.
Products Inc. filed an antidumping
China has more than 400 threaded
customers related to Nine-month sales at
petition in March 2008, claiming a
rod producers, according to the
reduced production levels," Anixter increased 7% to
surge in steel threaded rod from China, petition, with the import total reaching
the company stated. US$4.68 billion, with net
with the average dumping margin US$74 million.
Anixter's European OEM income gaining 2% to
supply business, including US$186.3 million.
fasteners, saw modest Web: anixter.com
Powers opens in China
PEM's China line
Powers Fasteners Inc. has opened an office in China, president Jeffrey Reid
gets GM approval
Powers announced.
Jake Olsen will direct the Shanghai office. Olsen was promoted from director of new
PennEngineering announced its PEM China zinc
product development to vice president of global business development.
plating line received General Motors approval. PEM
Paul Goudron, director of product development, will manage the office, and Herman
China is now listed in the GM Matspc system.
He is product sourcing manager. The office will focus on delivering ISO-9001 quality
PennEngineering opened the PEM China new products to the global market. "We see this as an important step to accelerate the
manufacturing facility in Kunshan, China in 2007. The launching and development of products tailored towards the new North American IBC
plant includes a chemical and testing lab.
building code and European ETAG requirements,” Powers said.
PennEngineering develops and manufactures PEM
Powers noted that approximately one-third of Powers sales are in markets outside
self-clinching, broaching, weld and surface mount
the U.S. The company has locations in Canada, Australia, New Zealand, Venezuela, the
fasteners; SI inserts for plastics; Atlas, SpirTite, MaxTite
Netherlands and Thailand.
and PlusTite blind threaded inserts; fastener installation
Founded 87 years ago as the Rawlplug Company. Powers Fasteners supplies
equipment; In-Die and robotics capabilities; StickScrew
System for small-screw insertion and Atlas Tools.
mechanical and adhesive anchoring systems, roofing fasteners, gas and powder-
Pennsylvania-based PennEngineering operates
actuated tools, fasteners and carbide drill bits serving the construction and plant
plants in North America, Europe, and Asia.
maintenance markets. The family-owned company has 26 U.S. regional sales locations
Web: pemnet.com
and is headquartered in Brewster, NY. Web: powers.com
IFI publishes updated standards book
The Industrial Fasteners Institute published a supplemental book, IFI Fastener Standards & Technical Bulletins.
The spiral-bound edition is a compilation of 31 IFI standards and 16 technical bulletins subsequent to the Inch Fastener Standards 7th Edition and
Metric Fastener Standards 3rd Edition.
The new book covers current issues facing fastener suppliers and users and aids in making, inspecting, buying and selling fasteners. The book is
US$149 (US$187 outside North America), plus shipping and handling. Information is on the IFI website: indfast.org.
China fastener exports rise in August
China exports of steel and copper fasteners increased 3.8% to 250,000 tons in August, with the value growing 48% to US$454.9 million,
Xinhua News Agency reports.
Overall fastener export growth has slowed in 2008, which included an 8.3% drop in exports to 150,000 tons during February 2008, compared
with a 66% jump in exports during February 2007. Fastener exports in March rose 0.1% to 190,000 tons, compared with a 40% growth rate a year
earlier. April's rate of growth was 0.3% to 240,000 tons, compared with a 39% growth rate during April 2007.
During the first eight months of 2008, fastener exports from China grew 3% to 1,790,000 tons, with the export value increasing 29.3% to
US$2.86 billion.
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