Cordless power tool market to reach $7.6 billion in 2021
The appetite for cordless electric tools is expected to increase 6.4% per year to $7.6 billion in 2021, according to Cleveland-based research firm Freedonia Group. Cordless power tools will carry on taking market share from mains powered tools – by 2021 cordless will constitute 41% of the total, the report says. Earlier this year, Makita provided […]
Hitachi Power Tools wins US distributor award for 5th consecutive year
Hitachi Power Tools (Hitachi Koki USA) has been recognised for highest sales achievement by Sphere 1 members, a co-operative of independent tool, fastener and concrete accessory distributors in the USA. It is the fifth year in a row that Hitachi has received the honour and this year won the top award over 104 other Sphere […]
Screwfix continues to shine for Kingfisher in Q1 2017
Kingfisher, the group behind global DIY stockists Screwfix, B&Q, Castorama and Brico Dépôt, saw sales fall slightly in Q1 2017, down 0.6% like-for-like, to £2.9 billion. Sales in France – where the Castorama and Brico Dépôt brands operate – were weaker and disruption from the ONE Kingfisher plan were blamed for the small dip. However, Kingfisher […]
Hall-Fast Industrial Supplies stars in Radio 4 Brexit-themed Today programme
Hall-Fast Industrial Supplies founder and MD Malcolm Hall MBE was interviewed for BBC Radio 4’s Today programme last week. The programme quizzed businesses in Nottingham on the forthcoming General Election and Brexit negotiations. Hall told the BBC: “I was pro-Brexit and I voted to leave. The opportunities out there for UK businesses are vast. Businesses […]
Master Abrasives seeks distributors for ZIPP fastening tools
Master Abrasives is to introduce the complete range of fastening air tools manufactured by ZIPP Group and sold under the ZIPP® brand and is now looking for suitable distributors for the range. Previously, ZIPP Group’s range of metal removal air tools have been available to the UK and Ireland for two years. The industrial tools available […]
Dubai’s hardware and tools industry hits AED 5.07 billion value
Dubai’s hardware and tools trade was valued at AED5.07 billion in 2016, with the USA, China, Italy, Germany and India named as the Emirate’s top five trading partner countries of construction-related equipment and machinery for the year. According to figures released by the Dubai Customs today (22 May), Dubai imported AED3.6 billion worth of hardware […]
Toolstation ranked best UK high street retailer for 2nd consecutive year
Alongside Richer Sounds, Toolstation has been named the highest ranking high street retailer in the UK in 2017, according to the respected Which? annual survey. Over 10,000 consumers were asked about their shopping experience at 100 major retailers, with customer scores based on experiences of purchasing items, satisfaction levels and likelihood of recommending each shop. […]
Sears goes to court to ‘take a stand’ against power tool and accessories supplier
US-based stockist Sears has blasted one of its power tools suppliers for “seeking to embarrass” the company in a bid to “force us to let them out of their contract”. One World, a subsidiary of China-based Techtronic Industries, has supplied Sears with power tools and related accessories under the Craftsman brand for almost a decade […]
Countdown to Torque-Expo Singapore: Malaysia focus
Penang-based Chin Well Holdings produces over 3,000 types of fasteners and is one of the most significant fastener players in Malaysia, with 600 employees and fastener revenues of RM101.46 million (approximately £18m) in the last reported quarter. According to local news outlet the Star.com, Chin Well is set to benefit from steel production curbs in China with the wire rods […]
Germany’s Wolfcraft Tools joins BHETA and plans to raise UK profile
European manufacturer of hand tools and accessories Wolfcraft is joining BHETA as part of its continuing investment in its own sales and marketing operation in the UK. The family-run, German company, which has relied on wholesalers for the last eight years, is keen to build its profile with UK retailers, having recently expanded its production […]