TR Kuhlmann passes Kongsberg Automotive VDA 6.3 audit with 96% score
TR Kuhlmann has successfully completed an audit by leading vehicle parts provider Kongsberg Automotive (KA), achieving an ‘A’ ranking. TR Kuhlmannn, one of TR Fastening’s German businesses, scored 96% in the audit, which is the first automotive appraisal in TR Kuhlmann’s history. The firm was assessed against the German VDA 6.3 standard which looks at the quality […]
Optimas to supply fasteners for TVR’s new Griffith
Optimas Solutions is to partner with the new owners of TVR on a new 200mph-plus supercar. Optimas will provide TVR with integrated supply chain services and engineering support for fastener and c-class components. TVR’s new owners are teaming with road car design legend Gordon Murray on the all new sports car, which was revealed at this year’s […]
Bolts & Nuts Corp acquires Challenger Component Services
Several news outlets are reporting the acquisition of Challenger Component Services by Bolts &Nuts Corp (SOURCES: Industrial Distribution & Times Free Press). UPDATED: The news has been confirmed by Bolts & Nuts. Bolts & Nuts Corp is an industrial distributor company based in Chattanooga, Tennessee. Nashville’s Challenger provides c-class products for customers in North America, Mexico, Europe […]
Bulten gears up for $5 million fastener deal with ‘major vehicle manufacturer’
Bulten has, through its joint venture Ram-Bul in USA, signed a contract to supply fasteners to an undisclosed major vehicle manufacturer. The annual order value is approx USD $5.5 million, with a delivery value of USD $5 million to Bulten and USD $0.5 million to Ramco. Deliveries are expected to start in the third quarter […]
How will the shift from petrol and diesel cars affect automotive fasteners?
Last week, the UK government stated that sales of “conventional petrol and diesel cars and vans” will end by 2040 and reaffirmed its commitment to electric cars. The news impacts on a significant number of fastener suppliers that work closely with the automotive market, including TR Fastenings. TR said that the industry is used to rapid […]
Tools and fastening products grow for Stanley Black & Decker
Stanley Black & Decker’s CEO and President lauded the performance of the company’s tools and engineered fastening units in its recent financials. In the report, covering Q2 2017, Stanley boss James M. Loree praised the firm’s “impressive performance” and noted organic growth from Tools and Storage of 8% and organic growth from Engineered Fastening of 6%. […]
‘Strong underlying demand in automotive’ boosts Bulten sales
Bulten has grown sales in 2017 so far, with Q2 net sales up 3% to SEK 708 million and half year net sales rising 6% and hitting SEK 1,486 million. Bulten received a strong order intake during Q2 and growth was affected be fewer production days in the period – indicating “strong underlying demand in […]
COMMENT: The automotive market’s drive towards lightweight
The push to reduce emissions and increase resource efficiency is having a profound effect on automotive manufacture, increasing the demand for lightweight parts and materials – from bodywork through to rivets. But what are the implications for suppliers? Industry expert McKinsey & Company provides its insights… Of the materials used by automotive, aviation and wind combined, more than 90% […]
TR Fastenings Attending Global Automotive Components and Suppliers Expo
The Stuttgart-based 2017 Global Automotive Components and Suppliers Expo (GACS) is underway this week, closing on Thursday (22 June) and TR Fastenings (TR) is exhibiting for the second year. Pitched as the only exhibition in Europe dedicated to showcasing automotive components and component suppliers, GACS is hosted alongside Engine Expo, Automotive Interiors Expo, and Automotive Testing Expo. In […]
Nicola Sturgeon commits £8.9 million for new Lightweight Manufacturing Centre
A new £8.9 million Lightweight Manufacturing Centre is being set up at the University of Strathclyde. Set up in the former Doosan Babcock facility in Westway, Renfrew, the centre will produce lightweight materials which are increasingly being used in the aerospace, automotive, oil and gas and renewables industries. First Minister Nicola Sturgeon announced the £8.9m […]