10
NEWS
Canada continues AD on
carbon steel fasteners
On 6 January the Canadian International Trade Tribunal (CITT) issued an order
continuing anti-dumping tariffs, ranging between 1.39% and 170%, on certain
carbon steel fasteners imported from People’s Republic of China and Taiwan.
The order follows an expiry review, started in April 2009, on anti-dumping measures imposed in
January 2005, as a result of investigation enquiry no NQ-2004-005.
The Tribunal found that the “resumed dumping of certain carbon steel fasteners from China and
Chinese Taipei, and the resumed subsidising of such products from China were likely to cause injury in
the domestic industry”. As a result the CITT announcement confi rmed that the Canadian Border Services
Agency (CBSA) would continue to impose anti-dumping and countervailing duties on these products.
The tariffs apply to a range of screws, including woodscrews, self tapping screws, machine screws
and thread cutting/rolling screws. Nuts and bolts are not covered. A detailed list of products and
exclusions can be found at www.citt-tcce.gc.ca
The Tribunal also found that dumping of stainless steel fasteners from Taiwan was unlikely to result
in injury and, as a result, the CBSA will not continue to impose anti-dumping tariffs on these products.
Acument agrees ttap
®
master licence
Acument Global Technologies has reached agreement with TTAPDrive AS to
become a master licensee of the ttap
®
drive system.
Acument says the ttap
®
system combines with its own TORX
®
and TORX PLUS
®
drive systems
to offer a series of advantages, including stick-fi t, no wobbling or cam-out, one handed operation,
elimination of the need for a magnetic bit holder and guiding – allowing the screwdriver to enter the
recess more easily, an advantage on collated screws.
Acument says the main markets for a ttap
®
drive are currently the construction and DIY industries,
but it believes the automotive and commercial markets will also benefi t from the system.
bigHead appoints a
new distributor in Italy
bigHead has announced the appointment of Forind Avio as a new distributor
partner in Italy.
“Having had some success over many years in the marine and related composite markets in
Italy we decided it was important to appoint a dedicated fastener distributor in Italy to better serve
manufacturers in other manufacturing sectors,” explains Martin Cowell, SD of bigHead. “We were
impressed by the professionalism at Forind and look forward to developing the Italian market over the
coming months.”
He added: “Such partnerships represent a key part of bigHead’s strategic growth, improving
international customers’ access to our products with high quality local support. Forind Avio is a well
established provider of high quality and innovative fastening solutions to major companies in Italy.”
Fastenal to buy Holo-Krome
Fastenal Company announced on 9th December that it had signed a defi nitive
agreement to acquire certain assets of Holo-Krome, the socket screw
manufacturer based in West Hartford, Connecticut, USA.
Terms were not disclosed and the statement notes that Holo-Krome sales represent less than one
percent of Fastenal 2008 consolidated sales, which were in excess of US$2.34 billion.
Fastenal currently has 2,357 branches in the United States, Canada, Puerto Rico, Mexico – plus
single locations in Singapore, Netherlands, Hungary, Malaysia and China. It operates 14 distribution
centres in North America.
Fastenal chief fi nancial offi cer was quoted in US media as saying that the company plans to grow the
Holo-Krome business so the acquisition should not be expected to result in forced employee lay-offs.
Fastener + Fixing Magazine • Issue 61 January 2010
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140