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  • Bulten establishes operation in India through joint venture company

    Posted in Fasteners manufacturers, Innovation on Nov 23, 2023

    Bulten is establishing manufacturing operations in India through a newly formed joint venture company – Bulten Radium Industries Private Ltd. – alongside two partners: Radium Fasteners Private Ltd. (Radium) and ZJK Precision Parts HK (ZJK). The driver is an increased need for domestically produced micro screws among international customers in the electronics sector with production in India.

    “Our ambition is to increase sales, primarily of micro screws, to companies in the electronics industry. India is a growing market for this segment, as many international manufacturers of electronics are locating more and more of their Asian production in India. This is the driver behind our new operation in India, and we plan to begin production during the first half of next year,” says Anders Nyström, President and CEO of Bulten.

    The operation will be based at a new production plant currently being constructed in Jamnagar, in the western Indian state of Gujarat. The aim is to be fully up and running during the second quarter of 2024, and to have about 50 employees. The building will be leased by Bulten Radium Industries Private Ltd. and therefore involves only limited investment costs for Bulten.

    Bulten has a 51 per cent holding in the newly formed joint venture company. ZJK has previously been a partner to Bulten for the manufacture of micro screws in China, and Radium is a newly formed company owned by experienced players in the fastener industry in India.

    As well as the newly started JV company, Bulten also operates in India through the newly acquired distribution company Exim Mfr & Enterprise.


    Author: Ulrika Hultgren

    SVP Corporate Communications & IR, +46 727-47 17 58,

    ulrika.hultgren@bulten.com

  • BUMATECH Bursa Machine Technologies Fair to Open Its Doors on November 29th

    Posted in Fairs and exhibitions, Fastener distribution, Fastener suppliers, Fasteners manufacturers on Oct 16, 2023

    BUMATECH Bursa Machine Technologies Fairs, an intercontinental gathering for the machine manufacturing sector, is getting prepared to host once again the machinery industry from November 29th to December 2nd. The fair is anticipated to attract approximately 45,000 professional visitors from 70 countries and over 400 companies and representatives from 25 countries.

    BUMATECH, the intercontinental rendezvous point for the machine manufacturing industry, will be organized by Tüyap Bursa Fuarcılık A.Ş. and the Bursa Chamber of Commerce and Industry (BTSO) in collaboration with the Machine Tools Industrialists and Businessperson Association (TIAD) and the Machine Manufacturers Association (MIB) under the aegis of the Bursa Metropolitan Municipality between November 29th and December 2nd, 2023.

    BUMATECH is set to take place at the Tüyap Bursa International Fair and Congress Center, offering a consolidated platform for the 21st Bursa Metal Processing Technologies Fair, 14th Sheet Processing Technologies Fair, and 20th Automation Fair on an international scale.

    Focused particularly on sheet processing technologies, BUMATECH will showcase cutting-edge innovations on a wide range of robotic systems, 3D printers, and scanners, automation technologies, hydraulic pneumatic and robotic systems, fiber laser optical cutting machines, CNC machines in addition to shop equipment, CAD/CAM, mineral oils, compressors, cranes, machine tools and turning lathes as well as work and worker safety materials, and QC measuring instruments.

    Industry professionals gather at the BUMATECH fair

    BUMATECH is set to attract approximately 45,000 industry professionals from 70 countries, spanning across 40,000 square meters and 7 halls. The event will be a hub for machine manufacturing experts from countries including Germany, Austria, Belgium, China, Finland, Taiwan, the USA, and the Netherlands. Through forging new business connections, BUMATECH will continue to play a significant role in boosting Türkiye’s export trade balance.

    Great Interest in BUMATECH

    As the host city of the trade show, Bursa rightfully deserves the role due to its significant position in the global market with its robust manufacturing infrastructure and excellence in the machinery industry. Bursa produces metal processing and machine tools, lifting and moving equipment, as well as agriculture, forestry, and food machinery.

    Due to its strategic location in the machinery industry, Bursa presents a remarkable advantage for exhibitors and visitors alike in terms of transportation and accessibility during exports and imports. Consequently, the BUMATECH Bursa Machinery Technologies Fair has generated significant interest, with tickets selling out months in advance. The leading companies seeking to showcase their products at this event, which brings together all the major industry players, are eagerly anticipating the availability of new spaces.

    Amplifying the competitive power of the industry on the international arena

    Enjoying a wide portfolio covering robotic systems, 3D printers and scanners, fiber laser optic cutting machines, CNC machines, cutting edge innovation products, as well as all kinds of sub-industry equipment and materials, the trade show plays a great role in the growth of the manufacturing industry. The industry is steadily consolidating its position, bolstering its competitive power in the international arena through the implementation of digital initiatives with Industry 4.0. This fair is expected to further accelerate this upward trend by fostering new avenues of cooperation.

    BUMATECH will be open for visiting between November 29th and December 1st from 10:00 am to 7:00 pm, and from 10:00 am to 6:00 pm on the last day on December 2nd, Saturday.

    Please visit https://bursamakinefuari.com for detailed information and invitations.


    Author: BUMATECH

    *For Information: Gökçe Ece Oksay / ÜNİTE Edelman (212) 272 93 13

    gokce.ece@unite.com.tr

    www.unite.com.tr*

  • 3 Synergistic Exhibitions Bridging Borders, Empowering Supply Chains in Taiwan

    Posted in Fairs and exhibitions, Fasteners manufacturers on Oct 11, 2023

    Taiwan Hardware Show, International Metal Technology Taiwan and T-SAFE Occupational Safety Taiwan ready to welcome international buyers from 18 to 20 Oct

    The stage is set for a large global manufacturer-buyer gathering as Taipei welcomes three synergistic exhibitions featuring the 22nd edition of Taiwan Hardware Show (THS), 8th edition of International Metal Technology Taiwan (iMT Taiwan), and 1st edition of T-Safe Occupational Safety Taiwan. Themed "Bridging Borders, Empowering Supply Chains in Taiwan," specifically to highlight Taiwans centrality in being the nations and North Asia’s production and supply hub, this global-customer focused trade exhibitions will together deliver an industry-changer trade platform for the global hardware, metal technology, and safety equipment industries.

    THS, iMT Taiwan and the inaugural T-SAFE will boast an impressive technology showcase from a lineup of 300 exhibitors across 10,000 square meters of exhibition space, over 3 show days from 18 to 20 October at the Nangang Exhibition Center. Exhibitors comprise a diverse array of industry leaders and innovators, converging to exhibit their cutting-edge products and solutions to meet industry demands to see the best of Made-in-Taiwan innovations that are well-known of its high export quality.

    The lively show floor exhibition will accommodate the latest new-in-market and trend-fronting OEM offerings in hardware, metal technology, and safety products. Trade visitors can explore a wide range of products, from power tools and accessories to locks, fasteners, building supplies, plumbing hardware, garden and outdoor equipment, automotive supplies, and more. Additionally, attendees can participate in over 30 onsite seminars and networking events led by supporting organizations such as EDRA/GHIN, GAMMA (Federation of Indonesia Metal Works And Machinery Industries Association), the Malaysia Federation of Hardware, Machinery & Building Materials Dealers’, Taiwan MIRDC and other international supporters whose presentations are designed to enhance industry knowledge exchange. Hardware professionals can look forward to engaging sessions with product manufacturers presenting their creative know-how at the ‘DIY Demo Area.’

    As an innovation-driven trade platform, the exhibition will feature tech-enabled digital services under its ‘Expo Tech’ value proposition, providing for the first-time autostereoscopic 3D display, touchscreen exhibition show floor plan, Web VR exhibition experience and smart scanning for lead retrieval – all features mirroring its organizer, Kaigo Co,. Ltd. digital upscaling efforts to enhance the visit and participation experience for all attendees.

    Record number of visiting countries and high-value visitor experience expected

    The exhibition will be graced by esteemed international VIP delegations and media representatives from around the world, including Germany, Japan, Indonesia, Malaysia, Italy, Turkey, France, Vietnam, Korea, and more. Their presence underscores the global significance of this event. Furthermore, pre-registration has seen a remarkable response, with visitors hailing from an astounding 63 countries. This diversity highlights the exhibition worldwide appeal and its capacity to facilitate international collaborations.

    "As the organizers of this sourcing-focused exhibition, our primary objective is to showcase Taiwan's exceptional manufacturing capabilities, producing products of global standards that international buyers are eagerly seeking to distribute in their home markets. Through the Taiwan Hardware Show, International Metal Technology Taiwan, and T-Safe Occupational Safety Taiwan, we aim to demonstrate how Taiwan stands at the forefront of industries, offering quality and innovation that empowers supply chains worldwide. Taiwan's commitment to excellence makes it the ideal partner for global buyers looking to bring top-tier products to their markets," highlighted Mr Gerd Keim, President of Kaigo Co,. Ltd.

    The Taiwan Hardware Show and International Metal Technology Taiwan will showcase a wide array of products and services, including power tools, tools & accessories, locks & fittings, fasteners & fittings, building supplies, plumbing hardware, garden & outdoor equipment, automotive supplies & accessories, machine & plant equipment. Simultaneously, T-Safe Occupational Safety Taiwan will present the latest advancements in safety equipment and products, ensuring that attendees are well-informed about the most critical aspects of occupational safety that are getting keen concern from Taiwan’s industries committed to ensuring their workforce well-being as they serve world markets’ needs for Taiwan’s trusted quality-marked products.

    Don't miss the opportunity to be part of this industry- exhibition that brings together the best and brightest in the hardware, metal technology, and safety industries. Apart from the extensive networking opportunities, business matching services are also available to those seeking to source for top-quality products. The exhibitions are a must-visit, promising an experience that will empower competitive businesses and enhance entrepreneurs’ global outlook. or to stay updated with the latest industry trends. The Taiwan Hardware Show (THS), International Metal Technology Taiwan (iMT Taiwan), and T-Safe Occupational Safety Taiwan are ready to bring out Taipei’s conducive location to hold a truly international exhibition that promises innovation, collaboration, and global impact.


    Author: Taiwan Hardware Show

    For further information, please visit the respective exhibition websites or contact:

    Email: ths@kaigo.com.tw

    Website: http://www.hardwareshow.com.tw/home/Main_eng.asp

    Tel: +886 2 2595 4212

    Fax: +886 2 2595 5726

  • China International Hardware Show 2023 concludes its remarkable 20-year journey and sets to embark on the new chapter of China’s hardware industry

    Posted in Fairs and exhibitions, Fastener distribution, Fastener suppliers, Fasteners manufacturers, Hardware on Sep 30, 2023

    * Grand closing of China International Hardware Show 2023 with its 20th anniversary.

    * Industry forums and innovation awards bring in new insights to capture hardware trends.

    * Positive feedback from the CIHS 2023 onsite, exhibitors and visitors have confirmed their next participations.

    China’s hardware industry is getting much-needed boost with the successful opening of China International Hardware Show (CIHS) on 19-21 September 2023 in Shanghai, China. After experiencing the waves of the global economy affecting numerous industries around the world, including China’s hardware businesses, this year's show was held in anticipation and received an overwhelming response from the industry for its 20th anniversary.

    As one of the most influential and professional annual hardware events in the global market, organised by China National Hardware Association and Koelnmesse Co., Ltd., CIHS 2023, in conjunction with its concurrent exhibitions “China International Building Hardware & Fasteners Show 2023” and “China International Locks & Security Doors Show 2023”, totally covers 120,000 square metres, featuring a wide range of products including tools, DIY & building hardware, lock, work safety & accessories as well as processing equipment and garden tools.

    Total of 2,623 exhibitors from 27 countries and regions have brought tens of thousands of brands and products to showcase their products, exchange and network to take advantage of the great business opportunities. The fair has warmly received 68,405 visits from 97 countries and regions worldwide during the three-day period, among which, the international trade buyers accounted for 7.7 percent.

    Supported by Koelnmesse’s international hardware trade fairs, as well as embassies, consulates and trade associations worldwide, CIHS 2023 welcomed the encouraging re-entry of international participants, especially from Germany, the United States, Canada, Mexico, Japan, India, China Taiwan, etc.

    During the three-day event, renowned domestic hardware enterprises participated. Some of the key participants included Great Star, Wendeng Maxpower, Ningbo Great Wall, Jiangsu Hongbao, Hebei Zhongbo, Zhejiang Huafeng and Tiangong International. Additionally, Chinese brands representing local hardware industry clusters and associations, such as Yongkang, Jiande, Jinhua, Lin’an, Xiaolan, Anping, Taigu and Pujiang, also proudly showcased their products. This show served as a testament to the superior quality and craftsmanship of “Made in China” products.

    “Though CIHS was interrupted for three years due to the pandemic, this year’s event marks a grand comeback and restart, and we have exceeded expectations in terms of the scales, numbers of exhibitors and visitors, performance of events and the feedbacks from all participants,” Mr. ZHANG Dongli, President of China National Hardware Association stated, “such achievement symbolises the dedication and innovative inputs of the organisers and respective partners, as well as the active support and participation of all exhibitors and visitors. After over three years of endeavors, a splendid event has been presented during the 3 show days. Not only did it exceed everyone’s anticipation, but it also laid a solid foundation for the successful show in 2024. Meanwhile, we will continue to facilitate all participants with more premium services, improvement initiatives and build a development pattern that empowers a spectacular CIHS.”

    On the occasion of CIHS’ 20th anniversary, the organisers have launched a series of celebration events, including an onsite gallery dedicated to honouring CIHS’ exceptional journey over the past two decades. This dedicated area showcased the impressive growth of the exhibition, with expanded scope and increased participation from valued exhibitors and visitors. The remarkable showcase highlighted the extraordinary progress made and set the stage for future milestones. Additionally, faithful enterprises and exceptional service providers have been honoured and praised for their continuous support and unwavering commitment to CIHS.

    “In the past two decades, we have witnessed the prosperous development of China's hardware industry and contributed to the enhancement of international cooperation and exchanges. With years of expansion and accumulation, CIHS has successfully evolved into the ideal choice and access for overseas buyers in the Chinese market,” remarked Mr. Oliver Frese, Chief Operating Officer of Koelnmesse GmbH, “at a time when the global economy is stabilising in the post-pandemic era, we are delighted to provide comprehensive support to enterprises in expanding their global export capabilities and distribution networks through our on-site events and services.”

    The much-anticipated events such as awards and competitions, conferences and forums, industry networking were in full swing during show days This year, onsite exhibitors and visitors enjoyed as many as 52 conference sessions, themed matchmaking sessions, competitions and innovation award activities, covering hot topics of the entire industry, and providing a more diversified showcase and interactive experience.

    The China National Hardware Association and the China Industrial Design Association jointly organised the 4th edition of "Golden Hook" China Lock and Technological Equipment Design Competition. Seven esteemed judges from the organisers, Tsinghua University and Shandong University reviewed 38 lock products from 33 exhibitors, garnering significant interests from the industry.

    In the inaugural “CIHS Best Product Awards”, a total of 24 Excellence Awards, 65 Exquisite Awards, and New Product Awards were conferred. This recognises and promotes the industry’s most forward-thinking and innovative products of the year, providing cutting-edge product information to propel the industrial development and facilitate its growth.

    The newly introduced Foreign Trade Channel Development Forum has gained the active participation and high recognition of industry colleagues. Esteemed attendees have affirmed that the forum offers a range of valuable information and effective channels for trade communication, enabling businesses to overcome marketing obstacles and enhance channel management efficiency.

    The dedicated matchmaking sessions themed on supply and demand from various countries and regions, mainly targeted market channels in Europe, America, Latin America and the “Belt and Road”. During show days, 325 meetings between buyers and exhibitors were effectively facilitating onsite. In addition, 318 hosted buyers have been formed into various procurement delegations from supermarket and distribution channels in 80 countries and regions and engaged in-depth trade and business communications with selected exhibitors.

    Positive feedback from the CIHS 2023 onsite, exhibitors and visitors have expressed that they will continue to participate next year “We’re Kaijie Abrasives and mainly specialise in abrasive mold production and have been in the industry for 30 years. We have been participating in the CIHS since its second edition. We are truly grateful to the organisers for providing us with the opportunity and platform to communicate with international visitors. CIHS has significantly contributed to our growth. We hope to meet many new customers every year,” was highly appraised by Mr. Hou Qingkai, General Manager of Xuchang Kaijie Abrasive Co., Ltd.

    “I’m from Saudi Arabia. I have a company here in China and in my country as well, dealing with hardware products such as painting tools, drills and cutting accessories. I have visited this trade fair multiple times, expanding our business with Chinese suppliers. I’m interested in Chinese manufacturers because they can fulfill the clients’ requirements such as providing with high quality, good prices and cooperation and the efficiency we need. I feel that this fair can provide the customers who would like to find new suppliers of what they need and give a good access to Chinese suppliers,” commented by Mr. Osama Al-Refaei, General Manager of Yiwu Wise Trading Co., Ltd.

    In 2023, in the new situation of the international and domestic economy, the hardware market is encountering important and unprecedented changes. In the meantime, the hardware industry is facing serious challenges as well as rare opportunities. “With the positive signals of industry’s recovery and the support of all partners, exhibitors and visitors, CIHS will be able to embrace new opportunities, meet new challenges, set the industry’s new benchmark and jointly promote the healthy and stable development of the hardware industry through the exhibition platform,” added Mr. Keith Tsui, Managing Director of Koelnmesse Co., Ltd.

    For more information about China International Hardware Show, please click on https://www.hardwareshow-china.com/


    Author: Ms. Cathy Zhang

    Tel.: + 86 21 6390 6161-810 Fax :+ 86 21 6390 6858 E-mail: cathy.zhang@koelnmesse.cn

    Koelnmesse (Beijing) Co., Ltd. Shanghai Branch Unit 3103, Wheelock Square, No. 1717 Nanjing West Road Shanghai 200040, P.R. China www.koelnmesse.com

    Managing Director: Keith Tsui

  • FASTENER POLAND® Trade Fair - no 1 in Central and Eastern Europe

    Posted in Fairs and exhibitions, Fastener suppliers, Fasteners manufacturers on Sep 19, 2023

    Transformed supply chains and international cooperation networks, the war in Ukraine, an increase in production costs, the introduction of carbon tariffs (CBAM), competition with countries with low production costs, smooth adaptation to changing customer needs, investments in innovation and new technologies - these are the topics that manufacturers and distributors will discuss during the FASTENER POLAND® International Trade Fair of Fastener and Fixing Technology. The 6th edition of the event will take place on October 18-19, 2023 at EXPO Krakow, and the theme will be ecology.

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    The entire industry in one place

    The FASTENER POLAND® is the only international fair of fasteners organized in Central and Eastern Europe - a key forum for exchanging experiences, learning about new products, as well as building effective trade relations between companies from around the world. The pandemic has shown very clearly that face-to-face meetings cannot be replaced in business. FASTENER POLAND® is back to its pre-pandemic state. In October, over 150 companies from 15 countries will present their offer. They will present the most modern industrial fasteners and fittings (from screws, through rivets to nuts, pins or wedges), construction fasteners (anchors, concrete screws, fixing facades and insulation), advanced assembly and installation systems (with the presentation of the latest riveting devices, screwdrivers and screw insertion systems or assembly brackets), as well as technologies for the production of fasteners and devices for their storage and distribution.

    We connect buyers from all over the world

    The fair will be visited by buyers from industries that use fasteners for the production of their products. This year, the organizers direct the promotional campaign especially to industries with the greatest potential. Photovoltaics, automotive, aviation and the medical industry are sectors with the greatest demand for all types of fasteners and fixings. Poland is among the top ten countries in the world in terms of the size of the photovoltaic market. In Europe, only Germany and Spain are ahead of us in this regard. The industry records continuous sales increases and is developing dynamically. Therefore, the demand for components is growing, in particular for specialized and quality fasteners. The fasteners market responds to these needs by designing and delivering the best solutions with enhanced resistance to difficult conditions in which solar systems are used. Several dozen manufacturers will present their solutions on a special zone dedicated to this industry.

    Bleisure - combining business with spare time

    We believe that success begins with meetings, therefore organizers encourage everyone interested in expanding business contacts to participate in the fair. In addition to free invitations to the fair, a program combining business travel with leisure was developed. Trend Bleisure - a word created from the combination of the words "business" and "leisure" - is the key message of the strategy implemented by Targi w Krakowie Ltd. Participants of the fair will be inspired by the map of attractions, which will include recommended accommodation, local restaurants, monuments, climatic places and cultural centers. And since there is no shortage of interesting places in Krakow, the organizers are sure that some customers will extend their stay by additional days.

    List of exhibitors, trade fair novelties, free registration for guests, hotel offer and a list of recommended restaurants and places worth visiting at www.fastenerpoland.pl


    Author: FASTENER POLAND®

  • Multi-Faceted Screw Manufacturer Installs VisionLabs

    Posted in Fasteners manufacturers, Hardware, Industry 4.0, Innovation on Sep 15, 2023

    One of the largest construction screw manufacturers in the USA added multiple VisionLab 3D Fastener Gauging Systems from General Inspection, LLC to streamline their first part inspection processes. Locations in Illinois and Kentucky are utilizing VisionLabs to measure all pertinent features on construction, concrete, and drywall screws for greater accuracy and significant time savings. VisionLab uses General Inspection's patented 3D gauging technology to provide complete part dimensional layouts in less than 5 seconds. The machine can perform 360⁰ dimensional inspection with detailed data reporting, plus options to provide 360⁰ visual defect detection, end view inspection, and measure recess depth plus recess concentricity. The screw manufacturer’s goal was to reduce inspection time, improve quality, and cut down on calibration costs by replacing multiple manual gauges, such as micrometers, calipers, and optical comparators. Visionlab completes first-piece inspections in a fraction of the time allowing employees to concentrate on production tasks instead of measuring parts.

    Production has significantly increased; errors have been eliminated and the company is able to measure with greater frequency. All dimensions: including hi/low threads, lengths, diameters, radii, angles, and GD&T features are measured and displayed with a pass/fail indication. Custom data reports are created and saved as CSV or Excel files. This saves time and money plus drastically improves quality by accurately measuring parts within two microns. Part feature tolerances are assigned with the appropriate part number and stored in memory for quick recall.

    The VisionLab system is a versatile, accurate and fast inspection machine capable of handling a wide range of applications. To find out what it can do for your company, please email us at info@generalinspection.com to set up a free web demonstration.


    Author: General Inspection

  • Bulten enters into agreement to acquire Exim & Mfr Holdings Pte Ltd

    Posted in Acquisitions, Fasteners manufacturers on Jul 10, 2023

    Bulten has entered into an agreement to acquire all shares in Exim & Mfr Holdings Pte Ltd “Exim”, an Asian, Singapore-based distributor of fasteners and other components, for a purchase sum of approximately SGD 66.3 million (SEK 530 million) on a cash-free and debt-free basis. The acquisition affords Bulten a good platform to grow in new sectors, where the distribution stage is a pivotal sales channel.

    The acquisition is expected to contribute to Bulten’s development and earnings, and to increase earnings per share. Exim gives Bulten access to a large, broad customer base in growth sectors in a dynamic region. The acquisition is an important part of Bulten’s strategy, which aims for growth outside of the company’s primary customer group of automotive, and to improve risk diversification, as well as margins.

    Anders Nyström, President and CEO of Bulten Group, comments: “Our strategy sets out a clear focus on balancing our sales through growth in customer groups beyond the automotive industry. The aim is for these to account for at least 20% of sales by 2025. The acquisition of Exim takes us into the distribution stage, which is a key to profitable growth in new sectors. Exim is a well-managed company with an international customer base and developed processes for distribution and Vendor Managed Inventory (VMI), which is suitable for industries with completely different purchasing patterns than Bulten has historically been used to. Exim’s base in Singapore is also highly attractive. It enables us to take advantage of the strong growth in that region, and we also see potential in using Exim’s sales network to increase sales for our factories in China and Taiwan. Exim will, together with Bulten's rapidly growing business to consumer electronics customers, constitute the beginning of a new industrial segment.”

    Background

    Exim & Mfr Holdings Pte Ltd is a privately owned company based in Singapore. Established in 1982, the company distributes fasteners and other c-parts*, along with related services from more than 1,800 manufacturers and suppliers for American, European, Indian and Japanese companies operating in Asia. The company has more than 1,000 customers in a range of sectors including telecom, electronics, energy, medical technology, aviation, and other industrial manufacturing. Exim has approximately 140 employees in Singapore, India, Indonesia, Malaysia, Thailand, the Philippines and Vietnam, and annual sales of about SGD 40 million (SEK 320 million).

    Purchase sum and completion

    The purchase sum is approximately SGD 66.3 million (SEK 530 million) on a cash-free and debtfree basis. The sum will be paid in cash with equal financing from an existing credit facility with Svenska Handelsbanken and an additional loan from the Swedish Export Credit Corporation. The acquisition is expected to be completed during Q3 2023. The transaction cost is estimated at SEK 8 million.

    KPMG, Drew & Napier, and Setterwalls are acting as advisers to Bulten in connection with the acquisition.

    Access to the shares is expected to take place on August 31, 2023, taking into account the fulfillment of customary conditions according to the transfer agreement.

    * Components with a low unit price that manufacturing companies stock in large quantities. Questions related to the entered agreement regarding the acquisition can be asked at Bulten’s presentation of the Q2 result on July 12.

    Questions related to the entered agreement regarding the acquisition can be asked at Bulten’s presentation of the Q2 result on July 12.

    Webcast BultenQ2: https://ir.financialhearings.com/bulten-q2-2023

    Teleconference Bulten Q2: https://conference.financialhearings.com/teleconference/?id=200812

    For further information, please contact:

    Ulrika Hultgren, SVP Corporate Communications & IR, +46 727-47 17 58, ulrika.hultgren@bulten.com


    Author: Ulrika Hultgren

  • VisionLab 3D Fastener Gauging System from General Inspection

    Posted in Fasteners manufacturers, Hardware, Industry 4.0, Innovation on Jun 22, 2023

    One of the largest automotive bolt manufacturers in India recently added a VisionLab 3D Fastener Gauging System from General Inspection, LLC to streamline their first part inspection process.

    VisionLab uses General Inspection's patented 3D gauging technology to provide complete part dimensional layouts in less than 5 seconds. The machine can perform 360⁰ dimensional inspection with detailed data reporting, plus options to provide 360⁰ visual defect detection, end view inspection, and measure recess depth and recess concentricity.

    VisionLab-150 Aero FL web.jpg

    The bolt manufacturer’s goal was to reduce inspection time, improve quality, and cut down on calibration costs by replacing multiple manual gauges, such as micrometers, calipers, and optical comparators, which are inherently subject to human error. Visionlab completes first-piece inspections in a fraction of the time allowing employees to concentrate on production tasks instead of manually measuring parts.

    shutterstock_566269564.jpg

    Production has significantly increased; errors have been eliminated and the company is able to measure much more frequently. All dimensions: including lengths, diameters, radii, angles, and GD&T features are measured and displayed with a pass/fail indication. Custom data reports are created and saved as CSV or Excel files, but in this case the customer is utilizing the “MySequel” built in server to connect directly to their SPC program. This saves time and money plus drastically improves quality by accurately measuring parts within two microns. Part feature tolerances are assigned with the appropriate part number and stored in memory for quick recall.

    The VisionLab system is a versatile, accurate and fast inspection machine capable of handling a wide range of applications. To find out what it can do for your company, please email us at info@generalinspection.com to set up a free web demonstration.


    Author: General Inspection

  • SUCCESS BEYOND ANY EXPECTATION FOR THE DEBUT OF INTERNATIONAL HARDWARE FAIR ITALY

    Posted in Fairs and exhibitions, Fastener distribution, Fastener suppliers, Fasteners manufacturers, Hardware on May 22, 2023

    More than 5,300 visitors from 30 countries. The new trade fair, powered by EISENWARENMESSE, achieves its goals and meets the expectations of visitors and exhibitors.

    INTERNATIONAL HARDWARE FAIR ITALY

    The first edition of International Hardware Fair Italy took place from 5-6 May 2023 at Fiera di Bergamo. International Hardware Fair Italy 2023, organised by Koelnmesse Italy on the model of EISENWARENMESSE, was sold out with 302 exhibitors in its two halls. The trade fair experienced a strong participation from international companies from 20 countries, including group and individual participants. Along with a strong European participation from Italy, Germany, France, Spain, Belgium, Switzerland, Poland, Greece, Bulgaria, Holland, Slovenia, United Kingdom, Norway, Serbia and Turkey companies from Australia, India, Taiwan, China and Unites States joined the premiere event.

    The strong synergy with EISENWARENMESSE, the world's largest trade fair for the sector is the basis for the immediate success of the new events’ first edition that registered more than 5,300 visitors from 30 different countries. International Hardware Fair Italy aims to become the new Italian "home" of hardware both at Italian and European level and hosts the entire world of hardware, building, DIY, outdoor & garden, as well as safety, paints & colours, electricity and industrial supplies. Complementary to EISENWARENMESSE the Italian event is held in odd years.

    A platform that meets the real needs of professional industry

    “For some time now, we have been gathering clear signals from the Italian and European market to organise an event dedicated to the hardware, building and DIY world, which was not yet present in Italy. And the market proved us right,” commented Markus Oster, Vice President Trade Fair Management, Koelnmesse GmbH in Germany. “The success of this first edition comes from all our experience as trade fair organisers, which has enabled us to structure a trade show exhibition that meets the real needs of the industry. Also thanks to the strong support to this first edition of the many European and Italian associations, we managed to create the most representative platform in Italy for the European market,” added Thomas Rosolia, CEO of Koelnmesse Italy.

    International Hardware Fair Italy partners with EDRA/GHIN

    The partnership with EDRA/GHIN (European DIY Retail Association-EDRA, and Global Home Improvement Network-GHIN) represented an important step towards establishing the event at European level. “The International Hardware Fair Italy was one of the most successful first editions of a Trade Fair that I have had the pleasure of experiencing” commented John W. Herbert, General Secretary of EDRA/GHIN. “The organisers of the coming together of the industry in Bergamo can be most proud for what they have accomplished with this show, which will have a most promising future.”

    The national and international associations’ support

    The leading associations in the different sectors, more than twenty of them both Italian and European, also confirmed their support and cooperation for the trade fair. Among them, we can mention ZHH, the Professional Association for the Hardware Trade; FWI, the Association of Tool Manufacturers in Germany; Assofermet Ferramenta, the Italian Association of Hardware Distributors. At regional level, the response was also strong, gaining the cooperation of organisations with strong roots in the region, including Ance Bergamo, Confartigianato Imprese Bergamo, Confindustria Bergamo and, in particular, Ascom Confcommercio Bergamo, which includes one of the largest hardware business networks in Italy.

    The key role of matchmaking

    The matchmaking programme was a key event to enable companies and distributors/dealers to meet at the trade fair. More than 200 meetings were organised during International Hardware Fair Italy, thanks to the collaboration with national and European distribution partners with specialisation in the different channel clusters involved in the event.

    The conferences

    The conference programme included two days of discussion on the most topical issues: industry scenarios, panel discussions between manufacturers and distributors from the physical and online channels, and an extensive programme of professional workshops.

    The first morning was dedicated to the international market scenario in the hardware, building and DIY sectors, and the strategic and economic drivers that will condition the supply chains in the coming years. In the afternoon slot, the conference was dedicated to trends in modern home improvement, and the evolution of the national and international large-scale retail network.

    The conference on the second event day was dedicated to renewal in independent technical retail, the evolution of B2B and social communication, and the new expectations of the professional consumer post Covid, with a focus on the world of colour in the ColorDay event. The garden & outdoor market played a leading role in the conference dedicated to trends in the green distribution world and garden centres, with an in-depth look at the Green Bonus and innovation in gardening equipment.

    The Product of the Year Award - a collaboration between International Hardware Fair Italy and Assofermet Ferramenta - as well as the Oscar del Negozio ferramenta and the Negozio Ascom Prize were presented during the award ceremony.

    The industry’s comments on International Hardware Fair Italy 2023 Michele Taddei, Sales Director of Bossong spa

    “We are now an historical presence at the Cologne Fair: at EISENWARENMESSE we are very much at home. When the opportunity to participate in the first edition of International Hardware Fair Italy in Bergamo came up, we took it immediately, precisely because of the success of the Cologne fair over all these years. Here in Bergamo, we experienced a similar spirit of internationality in the building sector that exists in Germany. The size of the fair was, of course, smaller, but Italy responded very positively to our expectations.”

    Franco Morganti, CEO of Morganti spa Kapriol

    “From our perspective, the impression of this first edition of International Hardware Fair Italy is definitely positive; for us, it is a successful event, which has met and exceeded our expectations. The event, particularly for the number of visitors and the high profile of the exhibiting companies, is a not to be missed appointment also for future editions. And it will certainly be counted among the most important trade fairs on the European scene.”

    Luca Paccagnella, General Director of Helvi spa

    “We are very satisfied with Helvi participation in the first edition of International Hardware Fair Italy; this international specialised event was very well attended and generated a lot of interest.”

    Petra Pott-Zemanova, General Manager MPS Sägen GmbH

    “The success of the exhibition was very pleasing for our company. The exhibition was very well organised and fully met our expectations.”

    KOELNMESSE – INDUSTRY TRADE FAIRS FOR THE HARDWARE SECTOR:

    As a top international trade fair organiser, Koelnmesse is the global market leader in organising events for the hardware/ironware segment. It hosts the leading international event EISENWARENMESSE – International Hardware Fair Cologne at its trade fair grounds in Cologne, where Asia-Pacific Sourcing also showcases products, innovations and trends for homes and gardens from the Far East. In addition to the events at its Cologne headquarters, Koelnmesse is expanding its portfolio internationally in key markets: The China International Hardware Show in Shanghai, the International Hardware Fair Italy in Bergamo and the International Hardware Fair India in New Delhi are bespoke events and leading trade fairs for the region with international participation. They create the foundation for sustainable, international business for their participants and bring together supply and demand within the sector with a carefully targeted approach. www.hardware-worldwide.com Available on Instagram, Linkedin, Facebook and of course on its website: www.hardwarefair-italy.com


    Author: Alessandra Fraschini Communication Manager

  • INDUSTY DAYS and AUTOMOTIVE HUNGARY trade exhibitions hosted simultaneously at the HUNGEXPO Budapest Congress and Exhibition Center (Hungary, Europe)! Don't miss this unique event!

    Posted in Fairs and exhibitions, Fastener distribution, Fasteners manufacturers on Apr 14, 2023

    The INDUSTRY DAYS International Industrial Trade Exhibition and the AUTOMOTIVE HUNGARY International Trade Exhibition for Automotive Industry Suppliers will take place on 16-19 May 2023 at the HUNGEXPO Budapest Congress and Exhibition Center.

    Hungary's largest business gathering showcasing all the sectors of the industry serves as a professional forum for the owners of small and mid-size enterprises as well as those of major corporations, where they can find out more about the developmental tendencies and the latest achievements of the various sectors and the trends that define the industry in question. The exhibitors, suppliers and professional visitors attending the event, including procurement officials, engineers and developers can benefit from the synergies between industries to maintain and reinforce their position in the manufacturing or supply chains or possibly enter the market as new operators.

    Manufacturers, distributors and service providers present their products and offers, which can be surveyed by visitors at the same time and place while requesting detailed information or possibly inspecting products in use, allowing them to make informed decisions on the latest procurements, make new investments, establish new business relationships or reinforce existing partnerships.

    As of our publication deadline, nearly 350 exhibitors from 15 countries have registered for our assortment of exhibitions. They will be presenting their novelties, energy and cost-efficient solutions and Grand Prix-winning products at Pavilions A, D and E of the Exhibition Center. The continuously updated list of participants is available through the exhibition websites.

    The organisers will be hosting a number of attractions and events in cooperation with their professional partners:

    • Chamber of Engineers conference and professional advance training (BPMK)
    • Welding technology advance training, practical demonstrations (MHtE, MAHEG)
    • Top-quality trade presentations and workshops
    • Labour safety conference and fashion show (U4)
    • Plastic industry conference (MMSZ)
    • Packaging conference (CSAOSZ)
    • Portfolio-MAGE Vehicle Industry 2023 conference
    • Battery and hydrogen power-related lectures, demonstrations
    • Techtogether Automotive Hungary engineer competition (autopro.hu)
    • Universities’ Street

    More information:

    More information on the exhibition and the Facebook and LinkedIn posts of exhibitors registered for the exhibition:

    www.iparnapjai.hu/en

    www.automotivexpo.hu/en

    https://www.facebook.com/iparnapjai/

    https://www.facebook.com/automotivexpo

    https://hu.linkedin.com/showcase/industry-days-2016!

    The readers of Fasten.it blog and the magazine can register online in advance through the event's website. Registering for the event allows readers to attend the exhibitions free of charge: www.iparnapjai.hu/en/fastenit