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Home Explore Fastener News Report August 10 2020 Issue Flipbook Edition

Fastener News Report August 10 2020 Issue Flipbook Edition

Published by mcnulty, 2020-08-05 13:01:14

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August 10, 2020 Volume 6, Issue 8 INSIDE THIS ISSUE Fastenal Breaks Ground for New Office .........2 TR Fastenings Celebrates Glenda Roberts.....2 Birmingham Fastener Becomes International Fastener Expo (IFE) 2020 Cancelled Until 2021 Nucor Master Distributor ..............................3 Schotte Automation Opens USA Office...........4 Morgan Wilson, Show Manager, reports, “Since 1981, the International Fas- Paul Sundstrom Named tener Expo (IFE) has brought the entire fastener industry together in one place to GM at ND Industries......................................4 see customers and vendors, network with colleagues and source new products Bulten Moves & Expands and suppliers. However, driven by our responsibility to serve Taiwan Manufacturing Facility......................5 your best interests, we regret that we are cancelling this Midwest Fastener Acquires Hy-Ko Products .5 Adam Derry Elected NFDA President..............5 2020 year’s International Fastener Expo, which was scheduled for September 28 to 30, 2020, at the Mandalay Bay Convention SPIROL Expands E-Commerce Platform .........6 Center, Las Vegas, NV, USA. Recent developments have made it impossible to Earnest Machine Expands Services with Dave Musacchia.....................6 bring our community together safely and successfully. This is due to the ongoing Fastener Distributor Index (FDI): 54.6 .............. 7 progression of the COVID-19 pandemic including the latest government data, Nylok’s New Under-the-Head Sealant ........... 7 measures and guidelines on phased reopening plans in the USA; number of Bollhoff’s New Fastening Elements................. 7 confirmed cases globally and domestically; current quarantines, containment Sales, Net Income, Dividends.......................... 7 areas, stay-at-home orders, and restrictions on gatherings imposed by states Two-Part Training Webinar by FTI & IFI............8 and other government and public health authorities; international travel restric- YFP Virtual Events Schedule .............................8 Subscribe, read or advertise @ tions and bans; and company-imposed travel restrictions. The health and safety of our customers, partners and employees remains of paramount concern to us. Presented by: “Though we won’t get to see you in person this year, our team is committed to finding new ways to keep the industry connected and we are in the process & of launching IFE Online Experience, a platform where you can virtually meet customers, have access to a proven match-making program and learn from Initial Publications, Inc. industry leaders and about current trends. We are also confirmed to return to 1741 Akron Peninsula Rd, the Mandalay Bay Convention Center in Las Vegas next year from September Akron, OH 44313 USA 21 to 23, 2021. We are excited to welcome you to IFE 2021! Tl: +1 330 864 2122 • Fx: +1 330 864 5298 “Our team is now working out he details on logistics/policies affected by this cancellation, and reimbursement of your deposits made to date. Also, if your Chip Lippincott Publisher hotel reservations were booked through Emerald’s official housing provider, Mike McNulty VP & Editor EventSphere, and through the hotel booking link on the show website, your Jim Masar Senior Editor Tom Hutchinson Global Sales Manager reservations will be cancelled at no charge or penalty to you. You will receive Sally Goss Sales Representative a cancellation email confirmation from EventSphere. No other follow up will be necessary. All reservations will be cancelled. If you made a hotel reservation outside of our hotel block, you will need to cancel your reservation on your own.” Optimas Solutions Promotes Randy Nelson & Matt Kubbinga to Drive Supply Chain Security Fastener distributor and supply chain solutions provider, Optimas Solutions, Glenview, IL, USA, has promoted Randy Nelson to VP of Supply Chain and Strategic Sourcing, and Matt Kubbinga to Director of Supply Chain. These seasoned supply chain veterans are responsible for strategic planning, procurement, supplier performance management, process optimization and automation, demand planning and forecast- ing and inventory optimization. The promotions reflect the leadership and hard work of the supply chain team to fulfill on Optimas’ commitment to being a best-in-class industrial distribution and service provider. Nelson has an extensive background of over 18 years at the executive level in sourcing/supply chain. Kubbinga brings five years experience as a Demand Planning Manager. Page 1

BUSINESS & MARKET REPORT August 10, 2020 Notebook Fastenal Breaks Ground for New Office Fastenal and Opportunity Winona employees recently celebrated the TR Fastenings Celebrates groundbreaking ceremony for a new Glenda Roberts Retirement office to be located in downtown Wi- nona, MN, USA. This year marks 30 years with TR The new Fastenal office building is ex- Fastenings for Glenda Roberts. pected to accommodate some 400 to She recently stepped down from the Trifast plc Board, as she 600 employees, and the new Fastenal completed by the Fall of 2021. building is currently scheduled to be considers her retirement plans and will be working on special projects. She has seen TR grow from a UK business to become a global Full Service Provider. Although Glenda is celebrating her 30th year at TR Fastenings, she’s actually been in the industry Kimball Midwest promotes to adapt quickly and strengthen its a little longer. Before joining TR, Todd Karas to CMO financial structure in the first half she had been with another fas- Kimball Midwest, Columbus, OH, of 2020. First half results tener company for seven years. “When I first joined, TR had al- USA, has advanced Todd Karas reflect positive commercial ready positioned itself between to Chief Marketing Officer (CMO). and operational momentum up the manufacturer and the cus- Karas joined Kimball in 2019 af- to March 15, before markets and tomer,“ said Roberts. “It was ter over a decade in a smaller firm with eight sites sales and marketing most client activity stalled in all three focused mainly on the UK mar- at Cardinal Health, divisions. A global adaptation plan ket, and it was doing very nicely where he finished as was deployed to ensure business developing JIT fastener supply Director of Marketing continuity, prioritize protection of systems inside larger customers. for an industry-lead- employees and preserve cash flow. Spotlight on NIFS/WESiUnSTg$p3Er0xo0dhumicbitllpiiootnortfironlsiaon.w.n.ciuthoamlnrteoivrneeunthueaedn. LISI saw a 28.2% drop in sales compared with the first half of 2019 (-46% in Q2). EBITDA held up well at Karas spent his first year at Kim- 13.3% compared with 14.7% in the WsftdfWWoorcuororercmeetlriihwpnnnewsmibesrtgtgshionfstmaCaaduaaiasmtonputstlphelhendlclrdedneTwkarlndHbeotbeoBromaeoogeoiiwilloanaltdtnmtssPhdadso.tTrariwuguonstoWkinsaphoghdnectee.riuTiongfycok3tinoacmihsnf4atlsoidofsgtlmta2leresgPhiaancnoKasnahervtnabsndaraeAiodasibmrbna,dseGlde5trernea0aaaoolunnbnulyssslmdupeggapcaeiaariaiprtnnngrtrcossrdiglgee-r.dl-tvohdiwMcgeeeeripcdassut.mwth.nscesteoou,swmmVantiInTnldiaoebseteBnnrioecstrdgor-oh,Fnoknaatsosfi€poiphtmilrt2oforoose3op2snttngnh3di.lthae5ye0eisuvalm,racemcltlfeireociinols:ulniiftosrer2.ande0dAni1fnjltru9scooos,lmuptdmrdeeuitrenpehangoettitrnot€bmeg5ecde8opga.swri8nost anufiamstirnneoiladgs-f “We now hVaPolvltaesInteidicgsuhIsnttrmci.aal nufactur- lion of depreciation charges and ing sites—3B2oosthite75s1 in total. We inventory of tooling, strategically located are aVialosrlyot IJnpVdruTosoutoridla,lcoPalfnatshdtiecess’i3gsun6basmindd-aster distrpirboudutcoerusniqwuehpolastsicufapstpenoerrst us. LISI releases half-year resultsworldwide. Wrentham is proud to have pThroepyyoarnouiheduratincanvuejreeeryrdceet.binoOntrnuaapmrbnacorldateltsdeadelododrugppvscaiorrstotniosttdatoghiuunaesrctttsoutor the reputation for the highest quality and custommateerriaslsapsagqeufoicr kalylisat nofdtheeffec- record-free cash flow of €90 million, tivelyipnoaslyswmpeeoursss,ecsotio-bpmloelay.nm”uefrasc,taunrde res- Against the backdrop of thethe most dependable delivery perfor- reflecting immediate adjustments our mance in the industry. We are licensed to prwecwisiwon.trpflaassttiec nfaisntegnse.rcso. m manugfalcotubreaTOl RcQr-iSsETis®,,ACLRIS® rIibGbedroup was able to workingBUYERS’Presentedby: capital requirements. TORQ-SET®,PHILLIPS SQUARE-DRIV®, GUIDE ACR® ribbed PHILLIPS®, ACR® ribbed PHILLIPS II®, MORTORQ®, HEXLOBE, TORX® and QUADREX® products. 2007 Manufacturer Identification Symbols INTERNATIONAL GUIDE Volt Industrial Plastics, Inc. 700 Hwy.w2w02wW.vo•lYtpelllavsiltleic,sA.cRo7m2687, USA Contact: Heidi Volltrauer, COO Toll-Free: +1 800 844 8024 Toll-Free Fax: +1 877 453 8707 Web Site: E-Mail: [email protected] Page 2

BUSINESS & MARKET REPORT Increased financial stability resulted drop of a global pandemic, we August 10, 2020 from a €94 million decrease in net are more than satisfied with this debt versus December 31, 2019. relatively stable development,” said Notebook Robert Friedmann, Chairman of LISI continues focus on high the Central Managing Board of the Birmingham Fastener is value-added automotive activities Würth Group. Nucor Master Distributor with the disposal Mohr & Friedrich, Birmingham, AL, USA-based and the acquisition of the remaining The company said its e-business Birmingham Fastener and Sup- shares in Termax (49%). LISI plans acted as stabilizer during the crisis. ply Inc., has become a Master on adapting to new market condi- tions to prepare for the future. Distributor of Nucor fasteners to bet- TR Fastenings achieves ter serve their customers. This AS9120 certification partnership enables Birmingham James Harding to Operations Fastener to provide immediate Director at Century Fasteners TR Fastenings has achieved turnaround of hex cap screws AS9120 certification fol- to better serve the company’s Century Fasteners Corp., of Elm- lowing an extensive distributors and other customers. hurst, NY, USA, has pro- audit of its operations and in re- “Our company has had a strong moted longtime employee sponse to customer demand. partnership with Nucor for the James Harding to Director AS9120 recognizes a continuing past 39 years,” says Birmingham of Operations. Harding brings to commitment to aerospace quality Fastener President, Brad Tin- the role of Director of Operations, and conformance, and places TR in ney. “Becoming a Nucor Mas- more than 17 years of experience a select group of firms recognized ter Distributor is an incredible at Century. for practicing the highest quality opportunity to strengthen our standards required in this sector. partnership.” Harding first joined the Century By becoming a Nucor Master Fasteners team in 2003 to create The certification is specific to Distributor, Birmingham Fastener what is now the Centralized Pur- organizations holding/distributing will have a variety of hex cap chasing Division. aerospace-related parts such as screws in stock and ready to ship fasteners and is designed to ensure to distributors. parts are handled and tracked Founded in 1980, Birmingham properly while en route from origi- Fastener is a leading domestic Würth Group satisfied with nal manufacturer to end customer. manufacturer and distributor performance during pandemic of fasteners for structural steel fabrication, metal building man- Leading fastening and assembly ufacturers, water works, OEM technology company, the Würth SFS defends its profitability and MRO. Group, reports a reasonable first despite difficult Q2 The Birmingham Fastener family half of the year despite the corona- of companies consists of mul- virus crisis. Sales dropped slightly by SFS reports that the first half of the tiple locations across the nation. 3.1% to €6.9 billion, and e-business year was impacted by the COVID-19 In 2018, Birmingham Fastener share increased to 20%. pandemic, which had a received the Alabama Manufac- clearly negative effect turer of the Year award. The Group’s sales declined both on the course of business in the in Germany (-0.5%) and, to a great- second quarter. However, SFS’ focus er extent, abroad (-4.9%). was on employee health and safety, temporary production capacity ad- “Considering the current back- [email protected] • Jackie Ventura Sales Representative Phone: 330-467-0102 • Mobile: 216-338-8485 Fax: 330-467-0108 • Email: [email protected] Web: News & Notes: www.JackieVentura.Net Skype: Jackie.Ventura1 Twitter: @JackieVentura1 Page 3

BUSINESS & MARKET REPORT August 10, 2020 justments, strict cost management first six months, the Bossard Group to defend profitability and continued expects an EBIT of approximately Notebook innovation activities. Sales for the CHF 41.0 million, equivalent to an period benefited from the Group’s EBIT margin of 10.3%. This solid Schotte Automation well-balanced exposure to differ- performance is based especially Opens USA Office ent end markets and regions, and in the measures taken early on, the Schotte Automotive GmbH & organic growth in some divisions. broadly diversified customer base, Co. KG has recently opened a Gross sales were CHF 773.7 mil- and the consistently sound liquidity. USA sales office. Schotte Au- lion. This corresponds to a decline tomotive Fasteners, supplier of -10.8% compared to the prior- of precision fasteners and cold year period. Despite this decline in formed parts in Europe, has first-half year sales, SFS achieved a Patriot Bolt & Patriot Sealing opened a North American Sales robust EBITDA margin of 15.5% and complete ISO9001:2015 audit and Product Development office an EBIT margin of 9.2%. in Upper Sandusky, OH, USA. Kris Kolb, President/Owner of Jan Mach, President, announces Patriot Bolt and Patriot that he has appointed Michael Sealing Technologies, Shutt as the North American Dorman Products named Humble, TX, USA, re- Sales Engineer. He can be con- AutoZone Vendor of Year ports, “Patriot Bolt and Patriot Seal- tacted at [email protected] or by ing Technologies are proud to share telephone at +1 419 460 1101. Dorman Products, Inc., Colmar, news of our successful completion PA, USA, has been rec- of our annual ISO9001:2015 mainte- ognized as AutoZone’s nance audit. We continue to evolve our quality management system to Paul Sundstrom Named 2020 Vendor of the Year, in ac- include additional equipment cali- GM at ND Industries knowledgement of Dorman’s com- brations, comprehensive preventive ND Industries, Clawson, MI, mitment to AutoZone’s customers maintenance on all major manu- USA, has named Paul and business. facturing equipment and employee Sundstrom General training records. Please reach out if Manager of its North- Dorman President and CEO Kevin you would like additional informa- brook and Rockford, Olsen, said, “We are very proud tion. Give us a call if you would like IL, USA facilities. He of our partnership with AutoZone, to add to your list of quality-oriented takes over the position our efforts to re-imagine premium suppliers of fasteners and gaskets.” from John Thramann, who has grade product lines and collabora- recently announced his retire- tive approach to bringing new solu- ment. Thramann has been at tions to the automotive aftermarket.” ND Industries since 1970 and has Stanley Black & Decker named played an integral role in making Dorman received the special to list of 100 best innovators ND one of the current leaders in recognition on July 21, 2020, during the fastener locking and sealing AutoZone’s virtual Vendor Summit . Fast Company announced its industry. ND wishes John all the second annual Best Workplaces for best in his retirement. For the past two years Sundstrom Innovators and has been ND’s lead Sales Man- Bossard H1 2020 results named Stanley ager in Illinois. The Bossard Group performed Black & Decker as one of the 100 Best Workplaces For Innovators. well in a market weighed down The company ranked 55th in its first by the COVID-19 pandemic. Cur- appearance on the list. rency-adjusted first “For more than 177 years, Stanley half 2020 sales fell Black & Decker has continued to by 7.4% to CHF 399.4 million. The innovate its products, culture and 11.4% sales drop in Swiss francs operating model to thrive across resulted from the stronger Swiss three industrial revolutions, and we currency. The consequences of are honored to receive this recogni- the global collapse in demand tion,” said Stanley Black & Decker and production were seen in Q2. CEO Jim Loree. But despite difficult market condi- tions, Bossard’s ability to supply its customers never flagged. For the Page 4

BUSINESS & MARKET REPORT BBI completes testing Doncasters appointment August 10, 2020 for heavy-duty anchors targets growth in aerospace Notebook Brighton-Best International (BBI) Burton Upon Trent, UK-based has completed a Doncasters has appointed Jason Bulten Moves & Expands comprehensive Taiwan Manufacturing Facility Wood as Sales & Bulten has signed a lease con- testing program for its Commercial Commercial Di- (generic) Heavy-Duty Anchors. rector for its European region. The tract on a manu- appointment bolsters the existing facturing facility This report is available on the commercial team and represents located in Taipei, Taiwan, through Brighton-Best website under Prod- an acceleration of the company’s its subsidiary, PSM Fasteners ucts-Certificates, and the report strategy of pursuing market share Taiwan Ltd. (PSM Taiwan). The was conducted by one of the most growth opportunities by developing new location allows for a more prestigious testing laboratories in its partnerships with OEMs within efficient and sustainable opera- North America. the aerospace sector. tion and as well as a base for Jason joins Doncasters with over further expansion. The current The actual testing was to ASTM 15 years of commercial experience operation of PSM Taiwan will be E-488 criteria for the following an- in the aerospace manufacturing moved to the new location dur- chor families: Commercial Wedge sector, most recently Director of ing the fall of 2020. Anchor (Zinc) Family # 279; Com- European Sales & Business Devel- mercial Wedge Anchor (HDG) Fami- opment at PCC Structurals. ly # 158; Commercial Wedge Anchor Midwest Fastener (Stainless 304) Family # 616; Com- Acquires Hy-Ko Products mercial Wedge Anchor (Stainless Nic Orman retires from Midwest Fastener announces 316) Family # 617; and Commercial EFG’s Rockford Fastener that it has acquired Hy-Ko Prod- Drop-In Anchor (Standard and ucts. The combined companies Shorty Versions) Family #268. This Elgin Fastener Group (EFG) re- will be led by the DeVries family engineering data sheet is a con- ports, “Please join us in celebrat- (Midwest Fastener) and Bass/ densed version covering the major ing the career of Nic Orman as he Kaufman (Hy-ko) with the goal technical requests received daily enters retirement. Nic’s last day was of superior customer care, long- into the company. July 31, 2020, but his legacy will term growth and operational endure going forward.” efficiencies. The cultural and There is also a master copy business combination makes that encompasses all of the actual “With a heavy heart I say farewell sense for both companies mov- testing data to include drawings, to the friends and industry that has ing forward. chemical analysis and other im- been my life. I take solace knowing portant data. the team, led by Mark, will continue Adam Derry Elected NFDA President 2020-2021 All employees will remain in place and the expertise of each Adam Derry of Jon Queenin of Specialty Bolt & enterprise will be retained and expanded to help serve the Field, Machesney Screw, Agawam, MA, USA, has been marketplace. Park, IL, USA, has elected to serve on the Board of Direc- been elected as tors effective, July 13, 2020. [email protected] the 2020 to 2021 Continuing on the NFDA Board are President of the Don Haggerty and Craig Penland National Fastener of Eurolink FFS, Greer, SC, USA; Distributors Association (NFDA), Scott Somers of Mid-States Bolt & Seal Beach, CA, USA. Screw, Flint, MI, USA; Jodie Thinnes Keven Simmer of Wurth Des Moines of Copper State Bolt & Nut, Phoe- Bolt Supply, Des Moines, IA, USA, nix, AZ, USA; and Bryan Wheeler of will serve as Vice President; Kelly Star Stainless Screw, Wood Dale, Charles of Sems & Specials, Rock- IL, USA. ford, IL, USA, will serve as Associate Additionally, Kelly Cole of Hayes Bolt Chair; and Doug Ruggles of Martin & Supply, San Diego, CA, USA, has Fastening Solutions, Florence, AL, completed his service on the NFDA USA, will remain on the NFDA Board Board this year. as Immediate Past President. Page 5

BUSINESS & MARKET REPORT August 10,2020 SPIROL Expands E-Commerce Notebook Platform with Disc Springs SPIROL is pleased to announce that EN 16984 (formerly DIN 2092). Stan- Earnest Machine Expands Disc Springs have recently been dard materials include high-carbon Services with Dave Musacchia steel, alloy steel and stainless steel. Earnest Machine is expanding expanded into a product offering on In addition to being able to purchase its secondary services with the the company’s E-Commerce plat- SPIROL’s standard Disc Springs on- addition of Dave Musacchia, an industry veteran with 40 years form, While all line, customers are of manufacturing experience. of SPIROL’s engi- Musacchia joined the company at the end of June 2020. neered components also able to view or “I’m excited about the oppor- will eventually be download 2D draw- tunity to help Earnest Machine available for pur- expand secondary services,” chase through, ings and 3D models said Musacchia. “Most people directly from the E-commerce platform, know the company is a leading provider of nuts and bolts, but Disc Springs are the second product Drawings and they don’t know we’re also a manufacturer that can build to launched for on-line purchase. models will be available for each prod- blueprint specifications and help customers with special tooling SPIROL now provides the full range uct line as they are offered. needs. We’ve got great exper- tise in product development, of DIN EN 16983 (formerly DIN 2093) SPIROL initially launched its E-Com- engineering and manufacturing. “Earnest’s Cleveland, OH, USA Group 1 and 2 Disc Springs in Series merce program in 2018 for Coiled and Wolverhampton, England, Spring Pins and has been expanding facilities operate as Engineer- A, B and C. In addition to the DIN its availability for purchases globally ing and Manufacturing Centers, specified sizes, SPIROL stocks its own and for local currencies. More product making custom fasteners easy. standard sizes with outside diameters lines and locations to be included soon. “We manage the entire second- in a range of from 8 to 200 mm based ary services process for our on the standardized calculations of DIN customers from start to finish including drop shipping and one the legacy of excellence forward,” trade fairs including wire and Tube convenient purchase order to said Nic Orman. held at the fairgrounds in Düssel- save time and paperwork.” dorf, Germany. Mark Troyer, Rockford Fastener General Manager (left in photo) Corporate travel policies, govern- said, “It is difficult to see Nic leave, ment restrictions and quarantine and we all wish him well. Nic is requirements have made par- very appreciated in the fastener ticipation at trade fairs increasingly industry and has built a strong and complex. If USA exhibitors cannot respected company. Everyone here staff their booth, but want to keep at Rockford Fastener is committed their brand positioned internation- to continue Nic’s focus on custom- ally, U.S. Commercial Service will ers and team based environment. find, train and monitor professional Thanks, Nic!” representatives at trade fairs in Düsseldorf. WESCO Q2 2020 Earnings Call WESCO Internation- al, Inc., Pittsburgh, PA, USA, will hold its second quarter 2020 earnings HEX SOCKET SET SCREWS U.S. Commercial Staffing SOCKET, FLAT & BUTTON HEAD CAP SCREWS offers trade show booth support SQUARE HEAD SET SCREWS SHOULDER BOLTS To help USA exhibitors affected HEX & TORX KEYS by the COVID-19 related travel ZINC PLATED SOCKETS restrictions, the U.S. Commercial SPECIALS, STANDARDS & SECONDARIES Service in Düsseldorf, Germany, has launched the “Trade Show Booth 300 North Klick St., Staffing Program” for upcoming Hampshire, IL 60140 630.800.6377 / [email protected] Page 6

BUSINESS & MARKET REPORT Fastener Distributor Index (FDI) Drops to 54.6 August 10, 2020 The FDI declined to 54.6 in July, a slight around August 20, featuring Mike McNulty Notebook softening compared to the surging 56.9 and Andy Cohn for further FDI analysis. result in June, seasonally adjusted. Nylok’s New Durable Acquaint fellow North American fastener Under-the-Head Sealant The Forward Looking Indicator (FLI) distributors with the FDI to help us further Michigan, USA-based Nylok, develop the index. Visit the following web- LLC, now offers NySeal® 2.0 is climbed, moving to 54.8 after its 52.6 the sites for details. durable and meets sealing re- previous month, and the July sales result quirements after multiple instal- was the hihgest of 2020 at 79.2. Please lations. NySeal 2.0 allows for set- tune into the next Fully Threaded Radio ting a more consistent tightening podcast at on or strategy, since the material does not squeeze out of the joint. Sales & Net Income Table NySeal 2.0 is reusable, allows for setting a more consistent tight- Company Sales %∆ Net Income %∆ ening strategy, offers minimal clamp load loss, is compatible Dorman Products, Inc. 233 -8.3 14 (35) when in contact with plastics Fastenal Company 1509 10 239 17 and provides strong adhesion Grainger 2837 114 to metal and plastic fasteners. Illinois Tool Works Inc. 2564 -1.9 319 (56) Lawson Products, Inc. -29 0.6 (49) MSC Industrial Supply Co. 72 -25 (53) Nucor Corporation 835 -3.6 78 (2.4) Bollhoff’s New Simpson Manufacturing 4327 -27 109 (72) Fastening Elements Stanley Black & Decker 326 7.0 SITEC® vibration and noise de- 3147 -16 53 35 coupling fastening elements 238 (33) available from Bollhoff are the answer to today’s trend to- Latest Quarterly Sales/Net Income (Loss) in US$ millions. %∆ relative to 2019 quarterly data. ward the NVH (Noise, Vibration, Harshness) develoSITEpC® ment. conference call, August 13, 2020, Additionally, Fredrik Bäckström, at 10 AM ET. The live audio web- who was formerly Senior Vice Presi- Fastening elements for vibration and noise decoupling cast and presentation slides of the dent Production at Bulten, takes up earnings call will be accessible via a newly established position as SITEC fastening elements ad- WESCO's Investor Relations website. Chief Operating Officer (COO) with dress the vi- immediate effect. brations that are produced by actuators Group management such as pumps, compressors changes at Bulten Dividend Reports... and engines. Bulten has recruited Markus • Fastenal Co., Winona, MN, USA, declared Baum to a newly established posi- a dividend of US$0.25/share, payable Aug. 25, 2020, at the close of business on Jul. 28, Don't Miss On-Demand Fastener Talk Radio! tion as Chief Com- 2020. FTR is talk radio for the fastener industry, featuring mercial Officer (CCO) guests, commentary and conversation designed to with global responsibility for mar- • Stanley Black & Decker, New Britain, CT, inform and entertain fastener professionals. Available keting and sales, as from Novem- USA, declared a US$0.70 dividend/share, pay- any time in streaming or download formats. Tune in ber 1, 2020. Also, Claes Lundqvist able Sept. 15, 2020 to shareholders of record, has been appointed acting Chief Sept. 1, 2020. today! Log on to listen to Fully Threaded Radio: Financial Officer (CFO), starting on August 1, 2020. • W.W. Grainger, Inc., Chicago, IL, USA, declared a quarterly dividend of US$1.53/ share, payable Sept. 1, 2020, to shareholders Page 7 of record on Aug. 10, 2020.

EVENTS & OPPORTUNITIES Two-Part Training Webinar To learn more, contact London August 10, 2020 Subscribe, read or advertise @ Offered by FTI and IFI Penland by sending emailing to: contact@youngfastenerprofessionals. EVENTS This two-part training webinar offered by the Fastener Training Fastener Taiwan Show August 10 – 18, 2020 Institute (FTI) and the Industrial Postponed to September 2021 2020 China Fastener Show Online Fasteners Institute (IFI) covers com- mon quality problems universally The (COVID-19) epidemic is still experienced by fastener manufac- significantly impacting the global September 23 – 26, 2020 turers, distributors and users. economy and society. Taking into Shanghai Fastener & Tech Show account uncertain factors such as Shanghai, China Part 1 of the webinar takes place overseas exhibitors, international on Tuesday, Aug. 18, and Part 2 on buyers and media may not be able Wednesday, Aug. 19, from 11 AM to to come to Taiwan as scheduled, October 8 – 9, 2020 3 PM ET, each day. the organizers of the Taiwan Inter- Virtual Fastener Fair Mexico national Fastener Show (Fastener Taiwan), the Ministry of Economic October 9 – 10, 2020 Young Fastener Professionals Affairs, and implementors, the Tai- Fastener Fair India • New Dlelhi (YFP) Virtual Events Schedule wan External Trade Development New Delhi, India Council (TAITRA) and the Taiwan Young Fastener Professionals Industrial Fasteners Institute (TIFI) (YFP) is committed to providing decided to postpone the sixth Fas- October 13 – 15, 2020 educational and networking op- tener Taiwan to September 2021. Fundamentals of Threaded fasteners and portunities for ambitious young Joint Design for Engineers and Designers professionals desiring professional Elmhurst, IL, USA area growth within the fastener industry. Due to the COVID-19 situation, YFP Surface Technology GERMANY has developed virtual events to pro- & parts2clean Cancelled November 3 – 4, 2020 vide young professionals with valu- Fastener Exhibition & Conference able fastener industry interactions. After intensive discussions and Birmingham, UK considerations, it was decided that YFP will be hosting three virtual the trade fairs SurfaceTechnology events this year as follows: GERMANY and parts2clean, which November 3 – 5, 2020 were scheduled for October 27 to International Fastener Show China 2020 Aug. 20, 2020 – Speed Network- 29, 2020, in Stuttgart, Germany, Shanghai, China ing Event (YFP partners with the cannot take place this year. Both NFDA to provide this event). events will return to regular rotation. November 11 – 12, 2020 Oct. 15, 2020 – Online Resources SurfaceTechnology GERMANY, Fastener Fair Italy, Milan, Italy for Professional Development. next takes place, June 21 to 23, 2022, in Stuttgart. And the Surface- Dec. 3, 2020 – Virtual Industry Technology area will also be part December 7 – 11, 2020 Christmas Party. of HANNOVER MESSE in April 2021. wire 2020, Düsseldorf, Germany Young Fastener Professionals parts2clean is an annual trade encourages all businesses and fair taking place next from October March 23 – 25, 2021 organizations to partner with the Fastener Fair USA, Cleveland, OH, USA organization to fulfill its vision of 5 to 7, 2021. developing pathways for talent development and retention for the May 18 – 20, 2021 industry as a whole. Fastener Fair Stuttgart, Stuttgart, Germany Page 8 June 2021 Fastener Fair Mexico, Mexico City, Mexico September 2021 Taiwan International Fastener Show Kaohsiung, Taiwan September 21 – 23, 2021 International Fastener Expo (IFE 2021) Las Vegas, NV, USA October 5 – 7, 2021 parts2clean, Stuttgart, Germany November 7 – 9, 2021 STAFDA, Charlotte, NC, USA June 21 – 23, 2022 SurfaceTechnology GERMANY Stuttgart, Germany

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