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Automotive Fastener Demand Surges Despite Downturn
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2011-10-30
North American vehicle production increased 10% in August to 1,228,736 units in August — the 22nd consecutive month with a year-over-year increase. Those figures translate into ongoing demand for fasteners and other OEM parts and components, as well as machinery related to their production.
"We have seen an increase in requests for quotes for vibratory feeding systems for the automotive industry," stated Automation Devices Inc. president Kevin Smith. "Automotive clips and fasteners, keys and rotor assemblies, are currently in high demand."
Erie, PA-based ADI manufactures vibratory feeder and part system components.
Both large and small suppliers are feeling the uptick in demand. Livonia, MI-based TRW Automotive Holdings Corp. recently unveiled a number of global business investments, including the expansion of its fasteners plant in Ningbo, China. The Ningbo expansion is part of TRW's effort to open or expand 11 plants in 2011 and 2012 in France, the UK, China, Poland, Germany and Mexico.
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reference from FIN
2011-10-30

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