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  • FASTENER POLAND® – the fastener industry celebration is now over

    Posted in Fairs and exhibitions, Fastener suppliers, Fasteners manufacturers on Nov 14, 2023

    Two days of industry meetings, thousands of conversations, guests from dozens of countries, an expert conference, novelties and premieres. This is how the 6th edition of the International Trade Fair for Fastener and Fixing Technology FASTENER POLAND® looked. Exhibitors and visitors leaving EXPO Kraków after the trade fair commented very positively about it. They paid attention primarily to specific and substantive conversations and the high business potential of the FASTENER POLAND® Trade Fair.

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    Even before the first customers arrived at EXPO Krakow, it was known that this year's edition of the FASTENER POLAND® Trade Fair would be successful in many respects. 150 producers and distributors from 15 countries presented their offers, including 77% of exhibitors from abroad. The statistics regarding visitors are even more interesting. Of the 3,258 people who visited the fair, 45% were from abroad, from 42 countries. Most visitors came to the fair from Italy, the Czech Republic and Ukraine, but there were also guests from such distant countries as India, Taiwan, Brazil and China. The international business atmosphere was visible every step of the way at EXPO Kraków.

    A novelty of this year's edition of the trade fair was the zone of fasteners for the energy, electrical engineering and renewable energy sources sectors. Poland is among the top ten countries in the world in terms of the size of the photovoltaics market, and in Europe we are third after Germany and Spain. The industry has recorded continuous increases in sales and is developing dynamically, so the demand for specialised components is constantly growing. It was these, innovative and meeting the highest quality standards, that were presented in the zone dedicated to energy.

    The high level of business meetings and the potential that the FASTENER POLAND® Trade Fair brings to the development of the fastener industry are confirmed by the opinions of our exhibitors. Mr. Tomasz Karwowski, Commercial Director of DROMET Sp. z o. o. Sp. k. appreciates, above all, the opportunity to meet many new customers – (...) our main goal is to meet new customers – – customers from outside our country. Every year we manage to achieve this goal. I'm very happy with this. Among the foreign customers who visited our stand this year were also those with whom we had not had contact before.

    An important and interesting aspect is noted by Andrea Villa, Vice-President of the Management Board of EUROFIX Italia – (...) The FASTENER POLAND® Trade Fair is not as large as other events in the world, but it is very specialised, which means that I have time to talk to every client. I can spend several minutes talking to him and discuss in detail all the issues that interest him. This is very important for us.

    An indispensable element of the FASTENER POLAND® Trade Fair is the industry conference. Each year, the most current topics for the industry are discussed. This time the main theme was ecology and economics in the fastener industry, and the challenges and opportunities they entail. The most discussed issue was the CBAM. New regulations and the changes related to their introduction are another challenge for entrepreneurs importing products from outside the EU. They are an element of the broadly understood green revolution that we are all witnessing, which results not only in challenges, but also in opportunities for entrepreneurs. The development of ecological and economic construction and renewable energy sources requires access to fasteners that meet the highest quality standards. The market responds to these needs by designing and delivering the best solutions with increased resistance to the difficult conditions in which these systems are used. All these problems were discussed by respected experts, and the conference enjoyed great interest among visitors and exhibitors alike.

    The next edition of the only trade fair for fasteners and fixing techniques in this part of Europe will take place next year. We invite you to plan your participation and follow preparations for the trade fair on our social media profiles and on the website fastenerpoland.pl/en


    Author: FASTENER POLAND®

  • 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

  • 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

  • Strategic realignment with the establishment of a new joint venture.

    Posted in Fasteners manufacturers, Industry 4.0 on Aug 25, 2023

    EJOT Group focuses on North American market

    With the implementation of the future concept "EJOT 2025", the EJOT Group will focus more strongly on international markets outside Europe. An important building block is the strategic reorientation of the activities on the North American continent. For this purpose, the two long-standing joint venture partners EJOT and Accurate Threaded Fasteners, Inc. (ATF) have realigned their activities in the field of industrial fasteners.

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    The core point is the foundation of the new joint venture "EJOT ATF LP", of which EJOT holds a majority share of 51 percent. In addition to the North American business of the EJOT Market Unit Industry, the company Accurate Threaded Fasteners, Inc. (ATF) will be merged into this joint venture. The headquarters are located in Lincolnwood/Illinois, north of Chicago, as well as two other, smaller locations in the state of Michigan, near the automotive metropolis Detroit. In the existing joint venture "EJOTATF Fasteners de Mexico" (San Luis Potosi/Mexico), EJOT will also receive the majority of the company shares. In the future, the locations in the USA and Mexico will form a joint North American unit for the development, production and marketing of fasteners, such as screws and cold formed parts for industrial customers.

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    The US company EJOT LP will remain in existence and will be managed in future as a pure sales company of the Market Unit Construction (MUC).

    "The new corporate structure will again improve our market position, especially in the automotive industry, and create new opportunities for both partners," emphasizes EJOT CEO Christian Kocherscheidt. The new American unit now offers a state-of-the-art product portfolio in the area of thread-forming fasteners. EJOT's approach of reducing system costs for customers by pre-designing the joint is supported by further investments in application technology laboratories and simulation programs. "In addition, the company is embedded in the global sales and production system of the EJOT Group, which improves service for North American customers - with the goal of playing a leading role in the US fastener market," Kocherscheidt added.

    In the automotive industry, the growth markets with demanding and dynamic customers are increasingly located in North America and Asia. He added that customers in Germany and Europe would not be neglected. "However, we have to take note that the general conditions in Europe have become more difficult." As a medium-sized family-owned company, EJOT strives to recognize risks, balance them as much as possible and seize opportunities, Kocherscheidt explains. "As a technology leader, we can bring great benefits to customers in North America, especially in the area of e-mobility."

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    For the EJOT Group these changes are linked with an increase of about 300 employees. Thus, for the first time, the family-owned company from Bad Berleburg with a total of about 4,400 employees has a predominant share of employees outside Germany.

    Another change concerns the area of headlight adjustment systems: Up to now, the EJOT Group was active in this field with the EJOT SE & Co.KG in the European and Asian market, as well as in North America with the joint venture ASYST Technologies in Kenosha/Wisconsin. ASYST Technologies was founded in 1996 by EJOT and the owner family of ATF and has become the market leader in North America.

    With the increasing globalization of the European, Asian and American customers, both owner families decided to bundle the worldwide activities in headlamp adjustment at ASYST Technologies and to transfer the entrepreneurial leadership of the joint activities in headlamp adjustment to this company. In this new division, the EJOT plants will assume the role of production service provider outside North America. EJOT will also provide project-related services for ASYST Technologies in the area of product development.

    INFO

    • Both companies, EJOT and ATF, are family businesses. The owner families Kocherscheidt and Surber have been friends for decades.
    • Entrepreneurial passion, innovative strength, employee orientation as well as social and societal responsibility characterize both joint venture partners.
    • ATF was founded in 1946 and is headquartered in Lincolnwood, a suburb of Chicago. In 2022 the company had sales of approximately $100 million.

    Author: Andreas Wolf

    Public relation

    andreas.wolf@ejot.com

    Telephone: +49 2751 529-6905

  • Rotor Clip Awarded GM Supplier Excellence Award for Outstanding Commitment to Quality

    Posted in Award, Fasteners manufacturers on Aug 18, 2023

    Rotor Clip is pleased to announce that it has been awarded the prestigious 2022 General Motors Supplier Quality Excellence Award (SQEA). This accolade is a testament to Rotor Clip’s unwavering commitment to delivering quality products and services to General Motors (GM).

    The GM Supplier Quality Excellence Award is granted to suppliers who have demonstrated exceptional performance and adherence to stringent quality standards throughout the year. Rotor Clip’s manufacturing site not only met but exceeded these rigorous criteria, earning this recognition.

    As a recipient of this esteemed award, Rotor Clip joins the ranks of GM’s top-performing supplier manufacturing locations. This achievement demonstrates the dedication to delivering ‘Quality at Volume’ to GM Manufacturing Plants.

    Bruce Rudin, Quality Assurance Manager expressed his enthusiasm, stating, “I'm thrilled that our commitment to manufacturing the highest quality rings, springs and clamps has been recognized again with the 2022 GM Supplier Quality Excellence Award. This is a testament to our team’s dedication to maintaining only the highest quality standards across all areas of our business.”

    This award also acknowledges the collaborative effort and strong partnership between Rotor Clip and GM, allowing both companies to achieve new heights of success. Rotor Clip remains committed to delivering excellence and maintaining the highest quality standards, ensuring customer satisfaction, and driving success in the automotive industry.

    With a commitment to today’s technologies, the continued electrification and future technology development, Rotor Clip continues to invest in product expansion to meet the ever-changing needs of the industry.

    For more information, please contact info@rotorclip.com or call +1.732.469.7333. rotorclip.com


    Author: Lane Persky • Chief Marketing Officer •

    Lane.Persky@rotorclip.com

  • “best-Award 2023” – Innovation Award for Blechexpo/Schweisstec – apply by 15.09.2023!

    Posted in Award, Fairs and exhibitions, Fasteners manufacturers on Aug 04, 2023

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    A special highlight at the 16th Blechexpo – International Trade Fair for Sheet Metal Working – and the 9th Schweisstec – International Trade Fair for Joining Technology – will be the presentation of the “best Award 2023” for outstanding innovation at Blechexpo/Schweisstec, which the trade fair promoter Schall will organise for the sixth time together with trade journals Blechnet and MM Maschinenmarkt. The new designation emphasises the competition’s elevated quality status. All submissions will be reviewed and evaluated by an expert jury with members from industry, association, research institute and the trade press. The objective is to ceremoniously honour the best innovations in the sheet metal working industry, each in its own technical category.

    Due to strong demand and requests from the industry, the submission deadline has now been extended to 15 September 2023.

    Expert jury & categories

    A major benefit of the “best-Award 2023” is that all submissions will be viewed and evaluated by an excellent expert jury from industry, associations, research institutes and the trade press. The declared goal of trade fair promoter Schall and the experts is to ceremoniously select the best innovations in the sheet metal processing industry.

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    Benefits of the “best Award 2023”:

    • Winners will be announced live on the large awards stage at Blechexpo/Schweisstec 2023 directly at the kick-off on the first day of the trade fair.
    • Winners will be provided with the opportunity of presenting their triumphant innovations to an expert audience during a no-cost time slot at the Exhibitor Forum on the 8th of November, 2023.
    • All nominees and winners benefit from the expansive international media reach of Schall trade fair promoters, as well as the trade media published by the Vogel Communication Group.
    • The winners will be celebrated by the vibrant industry community on the social media – especially on LinkedIn – and by all media partners and foreign representatives associated with Blechexpo/Schweisstec 2023.

    The trophy of the “best-Award 2023” is made in Baden-Württemberg, Germany

    The Innovation Award for Blechexpo/Schweisstec 2023 is made right in the heart of Baden-Württmberg. The trophy is made in Germany, for the international world of sheet metal working:

    A 10 mm thick steel plate made of hot-rolled raw steel is inserted. The original lettering “best” is lasered out on an automated high-tech machine. The laser edges of the letters and the trophy body are deburred. The stable base plate is also made of hot-rolled raw steel and is invisibly screwed to the trophy surface. The entire piece is given a matt lacquer finish to protect it against corrosion and grip. And then nobly inscribed.

    Each trophy is unique due to the original finish of the steel – and thus the highest appreciation for the innovative strength of the winners. From the industry for the industry. Look forward to the best of the best!

    Come to the festive award ceremony on 07 November 2023, the first day of Blechexpo/Schweisstec in Stuttgart!

    READ MORE HERE


    Author: BLECHEXPO

  • FASTENER POLAND® International Trade Fair for Fastener and Fixing Technology

    Posted in Fairs and exhibitions, Fastener distribution, Fastener suppliers, Fasteners manufacturers on Jul 17, 2023

    The current year is undoubtedly a period full of challenges for the fastener industry. The complicated political and economic situation, problems related to supply chains and the progressive slowdown on the construction market mean that entrepreneurs once again have to face various challenges. However, industry reports show that despite the difficulties, the industry has a chance for further development, and in the long run, entrepreneurs will be able to turn the current turmoil into profit. It is worth remembering and planning participation in the 6th edition of the FASTENER POLAND® International Trade Fair for Fastener and Fixing Technology, which will take place on October 18-19, invariably at EXPO Krakow.

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    Exhibitors and visitors from over a dozen countries, industry news and premieres, many hours of talks, expert conferences, B2B meetings - this is what the FASTENER POLAND® Trade Fair in Krakow looked like last year. As many as 65% of the Exhibitors came from abroad. This year's edition promises to be equally good, as the participation of Exhibitors has already been confirmed, e.g. from: Czech Republic, Sweden, Germany, Turkey, Switzerland, Estonia, Malta, Italy, Hungary, China, Vietnam and Taiwan. The international nature of the event only emphasizes how important trade fair meetings are for the entire industry. And although the fair is an investment, which, especially in difficult times, may seem like a significant burden on the company's budget, its effects are often visible several months after the end of the event. We know this from our regular Exhibitors who return to EXPO Krakow every year to present their offer. Therefore, we encourage you to plan your participation in this year's edition of FASTENER POLAND® Trade Fair now. This gives you the opportunity to choose an attractive booth location and take advantage of additional, free forms of promotion.

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    The FASTENER POLAND® Trade Fair is the only international fair of fasteners organized in Central and Eastern Europe. The scope of the exhibition includes, among others: the most modern industrial fasteners and fixing (from bolts to nuts, clamps and rings); building fasteners (anchors, concrete screws, fastening of facades and insulation); advanced assembly and installation systems, as well as technologies for the production of fasteners and devices for their storage and distribution.

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    6th edition of the FASTENER POLAND® Trade Fair promises to be very good. After 3 years of travel difficulties, this year's participation in the fair is confirmed by Exhibitors and guests from the farthest corners of the world. The list of Exhibitors is now available at www.fastenerpoland.pl/en . We also invite you to follow the trade fair profiles in social media, where we publish industry news on an ongoing basis and reveal what our Exhibitors will present at their stands this year. For those interested in visiting the fair, we have prepared a pool of free admission tickets. To receive them, just complete a short form available on the fair website. : https://fastenerpoland.exposupport.pl/visitor/register


    Author: FASTENER POLAND®

  • 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.

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    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.

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    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