AMERICAN NEWS TineLok hastens market appeal
Permanent Technologies is pursuing a sales and marketing strategy of non-exclusive licensing of TineLok to domestic fastener distributors as a means of faster and more efficient commercialization of its products.
which we believe to be superior to any other similar product in the market today,” Tremblay explained. “Our goal in leveraging our partners’ expertise, existing customer base and well established channels of distribution is to commercialize our products and earn returns for our investors faster than we could by ourselves.”
C I
‘Columbus’ fastener show closing its doors
The National Industrial Fastener and Mill Supply Expo is ending its show in Columbus, Ohio, show management announced.
n a statement on its website show management said it was “very disappointed” with low exhibitor and distributor attendance this year. “We are baffled by the poor turnout.” NIFMSE/East listed 53 companies totalling 55 booths a month ahead of the 26th Final show numbers were not available. Last year NIFS/East had 70 companies exhibiting.
– 27th
be the centre of the fastener industry universe.” The Vegas show is scheduled for 19th
April 2011 trade show.
Show management said it is closing Columbus to focus on NIFMSE/West in Las Vegas. “We want the Vegas Show to – 21st
Darling at Pac-West: Asian steel & labor costs up
Bruce Darling summed up the 2011 Asian fastener market for the Pac-West Fastener Association: Taiwan: Steel is rising, the dollar is weak, Northern Africa is in civil war and Europe is unsure where to buy. China: Steel and labour prices are up and there is little plant expansion. Electricity and pollution are major problems.
materials management at Porteous Fastener Company said of Taiwan. “If 2011 does not pick up, there will be fall out.” “The latest round of steel prices – at 9.3% – was significant
“T 26
and already there is talk of larger increases to come,” Darling said. The U.S. dollar is steadier at the moment, but during its weak period “has been causing problems.” There has been some equipment expansion – most replacing
old equipment but some parts formers that allow Taiwan to move more into specials. North America is still the largest market for Taiwan fasteners, Darling noted. Europe is hard to predict. “Anti-dumping duties against China
have shifted some business to Taiwan, but the WTO has ruled the anti-dumping duties were calculated wrong,” Darling said. “If removed, the volume will go back to China.” Darling predicted higher prices from Taiwan in the next
quarter and the following quarter could climb higher depending on the Q2 steel price announcement. “Everyone believes steel
Fastener + Fixing Magazine • Issue 69 May 2011
he more you know and what your customers know, the better,” Darling said. “In Taiwan business in 2010 was better than 2009, but not as good as expected or predicted,” the vice president for
prices will eventually come down, but each quarter they push those predictions forward.” In China “all the indicators point to higher prices,” Darling
said. Flooding in Australia and Brazil hiked iron ore contracts. “There are rumours that steel will increase 66% in 2011,” Darling reported. “However, we see price increases in the 10% to 15% range for the immediate future, with another 5% to 8% for the remainder of the year.” Electricity is an issue during hot months with rolling
blackouts shutting production temporarily. “Pollution is a major government issue and is causing the closure of production at many steel mills, contributing to a shortage of steel and increase of prices,” Darling observed. There is little plant expansion in China, he noted. There is growing demand for fasteners within China. Darling
cited the example of Gem Year, which initially produced half of its fasteners for export. Now with high speed railroad parts and a subway bolt order, 70% of production is for use in China. Darling said fastener factories that are 100% export “are having a difficult time.”
October 2011 at the Sands Expo & Convention Center in Las Vegas, Nevada.
EO Patrick Tremblay stated: “Our plan is to capture a portion of the US$55 billion global industrial fastener market as quickly and as effectively as we can.” Permanent Technologies holds numerous domestic and international patents for TineLok’s vibration proof fastener technology. “TineLok is an innovative product that has the potential for broad acceptance in the vibration proof fastener market and
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