EuropeanNedschroef Machinery Announces Joint Venture
in China
In recognition of the growing opportunity to introduce the Nedschroef brand to
more customers worldwide, Nedschroef Machinery has announced a joint venture with
PMC in China to serve its business for the East Asia region.
PMC is an industrial group engaged in the design, manufacturing and sale ofadvanced machinery parts and components. Nedschroef explains that the joint
venture is part of that transformation and confirmation that Nedschroef Machinery
is committed to fulfilling its strategic growth plans. The company expects thatsales and services outside Europe will exceed 65% of the total by 2030 and growthin the markets that make up East Asia region are a key part of achieving that goal.
"This joint venture will help us better and more quickly respond to our East Asia
customer's needs,” explains Cees Sistermans, managing director at Nedschroef
Machinery. “Our increased focus on customers outside Europe is an exciting time
for us, since many East Asian countries have a well-established cold and warm
metal forming industry".
The East Asia operation will be based in China and all Nedschroef Machinery
functions critical to developing and supporting the East Asia region are represented,
including procurement, sub-assembly, marketing, sales, service, and others.

Nedschroef Machinery Announces
Distributor in India

News

Nedschroef Machinery has announced Kriti Tools as its distributor for machinesales and after-sale services in India. A leading provider of cold and warm forming
multi-stage horizontal metal presses and services, Nedschroef Machinery chose
Kriti Tools Pvt Ltd due to its broad experience in the metal forming industry. The
distributor agreement with Kriti Tools is for Nedschroef Machinery products andservices and will commence immediately.
With after-sales service an essential component for customers, Kriti Group personnel are being trained to handle
customer service related to spare parts and filed service throughout May and June. Field service and spare partsfulfilment will be initiated by Kriti Group after training has been successfully completed.
Further, Kriti Group will store Nedschroef Machinery spare parts inventory in Delhi to provide timely services toour customers. Sadeesh Premananth, managing director at Kriti Group, commented: “We see good opportunities tocooperate and to team up to offer the best service possible to our customers.” Cees Sistermans, managing director at
Nedschroef Machinery, added: “We believe with a local presence we can get closer to our customers and respond quickly
to their needs – satisfying customers and engaging them over the long-term”.

New CEO of Rivit
Rivit Srl, a specialist in blind rivets and riveting tools and part of FERVIGroup, has appointed Francesco Montanari as its new CEO. Francesco joinedFERVI Group in November 2022, initially serving as general manager of Rivit.
Francesco has a vast experience within international markets, graduating in electronic engineering from the Universityof Bologna – with several postgraduate executive programs. He began his work at Andersen Consulting, now Accenture,with periods in the USA, Italy and France, dealing with marketing information systems.
Francesco then joined Datalogic in 1993 as product manager, then moved on to sales management, marketing
management, and was then appointed director of marketing & communication. From 2002 to 2005, he was president andgeneral manager of Datalogic France (Paris office), returning then to Bologna in 2005 as director of the mobile computerbusiness unit.
Following the incorporation with PSC Inc, and the subsequent reorganisation of the Datalogic Group in April 2007,
he was first appointed general manager and then product and services vice-president of Datalogic Mobile. From 2012
to 2016, he was vice-president and general manager of the mobile computing business unit of Datalogic ADC, after
the incorporation between Datalogic Mobile and Datalogic Scanning. Within the reorganisation of the group, he was178

Fastener World no.202/2023 惠達雜誌European News
appointed chief marketing officer of Datalogic Spa, with responsibility for all corporate marketing and communications activities ofthe Datalogic Group.
"It is with great pleasure that I intend to make my experience available to consolidate Rivit's positions on the global market, with theaim of both optimising the approach to the domestic market and to strengthen Rivit’s presence worldwide,” states Francesco Montanari.
“We already operate with the two Rivit's subsidiaries in India and Morocco, but we also want to organise a consistent approach to thelocal needs in all other countries, starting from those already served by Rivit. We start from a company that has been on the market forhalf a century, already a leader in some sectors, and which we are going to strengthen by working on a mix of products and services,
also with external partnerships. The goal is to be even more of a reference point for fastening."

Concrete Screws with Wider Applications
Combining ease of installation with safety when introducing high loads into concrete, the UltraCut FBS II screws
from fischer are now suited to a wider set of applications, as a result of latest tech developments to the range.
For instance, the FBS II 6-10 versions can now also be used in masonry, in accordance with the European TechnicalAssessment (ETA) certification. In addition, the new FSW adjustment disk, in conjunction with the FBS II 10 US gvz,
enables sleepers and beams to be adjusted and aligned quickly and easily. This whole range of concrete screws combines
maximum load bearing capacity with quick installation and comes in both steel and stainless steel versions, both meeting
ETA standards covering their use in cracked and non-cracked concrete, indoors and outdoors, as well as with seismic
loads of performance categories C1 and C2. They are also rated to fire resistance level, FRL R120.
Further advantages of using the UltraCut FBS II include its reliable power transmission and installations free ofexpansion pressure, due to its precise fit. Patented thread geometry and its large core diameter introduce very hightensile and shear forces into the concrete, which means fewer fastening points are needed than was previously the case.
The UltraCut FBS II can also be re-used under certain conditions and allows small edge and centre distances, andoffers power-saving, safe assembly. As for loads, the concrete screw allows maximum flexibility, depending on thediameter, with up to three approved screwing or anchoring depths. Using the screw is also very simple, the user simply
screws the UltraCut FBS II concrete screw into the drill hole using push-through installation, with no further drill holecleaning required for vertical drilling in floor and ceiling areas or when using hollow drills with a suction function.

NORMA Grows in Q1 of 2023
NORMA Group reported moderate growth in the first quarter of 2023 with group sales up
3.5% over the same period in 2022 to €315 million (Q1 2022: €304.4 million). Organically,
the company grew by 2.1% in the first three months of 2023. NORMA attributes this growth
primarily to higher selling prices to compensate for inflation related cost increases. Positive
currency effects in connection with the US dollar contributed 1.3% to sales growth.
In the EMEA region, sales increased by 10.9% in the first quarter of 2023 to €138.2 million (Q1 2022: €124.6 million). Strongorganic growth of 11.8% was diminished slightly by 0.9% due to negative currency effects. The primary growth driver was asignificant upswing in customer demand in the European automotive sector. Business with standardised joining technology forindustry applications also developed well.
In the Americas region, NORMA Group increased sales moderately in the first quarter of 2023 by 2.5% year-on-year to €137.6
million (Q1 2022: €134.3 million). In addition to positive currency effects of 4.6%, price increases were the main contributors to thisgrowth. Volume related sales in the region fell 2.1% organically in the period from January to March 2023. While business with joining
solutions for general industry applications, and for vehicles, both developed positively, business with water management products
declined in the wake of extremely strong growth in the prior-year quarter. This business is, for the most part, driven by end users who
have been reluctant to buy due to the prolonged severe flooding in California earlier in the year.
In the Asia-Pacific region, sales in the first quarter were €39.1 million, which represent a decrease of 14% compared to the same
period in the previous year (Q1 2022: €45.5 million). Organically, sales were down 11.8%; negative currency effects reduced sales
growth by an additional 2.3%. Compared with the prior-year quarter, demand from the Chinese automotive industry in particular was
significantly lower – an after-effect of the Covid-19 pandemic and the associated restrictions in China. In the business with joining
solutions for industry applications, the sales level of the previous year was also not achieved.

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Fastener World no.202/2023 惠達雜誌European NewsHilti Group Remains on Growth TrackHilti Group increased sales by 5.4% over the first four months of2023, reaching CHF 2.142 billion (€2.198 billion). In local currencies,
growth amounted to 9.7%. Hilti continued on its growth path and posted
a sales growth of 10.3% in local currencies in Europe. An increase of
13.7% was recorded in the Americas region, with double-digit growthin both North and Latin America. In the Asia/Pacific region sales grewby 17%, led by strong results in South Asia and the Pacific region.
On the other hand, the recovery in China was sluggish because of adelayed project business resumption after the Covid-19 lockdowns.
Sales growth in the Eastern Europe / Middle East / Africa region was at-15.1%, which was expected due to the ongoing war in Ukraine.
The Swiss franc remained strong against the euro, US dollar andother currencies, resulting in -4.3% points sales impact from January toApril. “Interest rate hikes, continued inflation and geopolitical tensions
still have a negative impact on the global construction market. However,
we observe geographic differences with a negative sentiment in Europe,a mixed picture in the Americas and positive signals from Asia. We areadapting to this situation and our growth level for the first four months
is in line with our expectations,” explained CEO Jahangir Doongaji.
The Hilti Group continues to expect a high-single digit sales growth
in local currencies for the full year 2023.

Jeveka B.V to be Renamed Bossard
Nederland
Jeveka B.V will be renamed to Bossard Nederland B.V in the courseof 2023 as part of a rebranding process that better aligns Jeveka with
Bossard’s brand identity and values.
Acquired by Bossard in October 2021, Jeveka has been recognised
as a quality leader in technical fastening products, and it remains
committed to delivering exceptional products that meet high-quality
standards. Through its alignment with Bossard, the company willleverage the group's global network and expertise, making moreproducts and services available to its customers in the Benelux market.
These solutions will help Jeveka’s customers and partners optimise
processes, while increasing efficiency and productivity in a sustainableway.
“Over the coming weeks and months we will introduce ourcustomers to Bossard products and services, including updates on ourwebsite, social media channels, and hopefully during a visit to our
premises in Almere, in the Netherlands,” mentions Jeveka. “We wantto assure customers that our core values and principles will remainunchanged, and we will continue to deliver exceptional products andservices, build strong relationships with our stakeholders, and create
value for all.”182

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Double Digits Sales Again forWürthWürth Group has once again reported double-digit
annual sales growth, with sales for the financial year
2022 reaching €19.9 billion, well above the previous year,
when they were € 17.1 billion, corresponding to growth of
16.8%.
Germany remains the most important single market
in the group, with a sales share of 39.4%. The group’s
German companies achieved a sales increase of 13.1%,
due to both the stability of individual business models andvery high product availability. The company’s Electrical
Wholesale Unit and Würth Elektronik Group wereparticularly successful, but with a 21.4% sales increase,
Division Wood achieved the highest growth among thedivisions of the Würth Line, with Division Industry aclose second at 20.9%. The group’s parent and largest
single company, Adolf Würth GmbH & Co KG, increased
its sales volume by 10.5%, including intra-group sales.
T he compa nies outside Ger ma ny also repor ted a
successful year with an overall sales increase of 19.4%
from top performing markets in the Americas, as well as
southern and eastern Europe.
Besides its 43,000+ sales force, and over 2,500 pickup shops worldwide, e-business is one of the strategic
growth areas of the group, with digital procurement
channels having become an integral part of the company’scustomer order routine during the Covid-19 pandemic.
This trend is reflected in sales, where Würth’s e-businessaccounts for €4.1 billion of sales across the group.
With all this strong growth requiring similarly
strong logistics processes, Würth Group’s strategy is
set on exploiting the full potential of digitalisation andautomation, which will also help meet social challenges,
such as demographic change and the shortage of skilledworkers. Commenting on this, Rober t Friedman nsaid: “On the one hand, our logistics robots improve
productivity. On the other hand, they relieve ouremployees of physically demanding tasks. Automatedprocesses enable us to supply our customers quickly andreliably.” Würth Group actually has a Logistics 2030
Vision, which specifies an automation strategy for thedevelopment of logistics, with a group goal of achieving
an automation level of 75% by 2030 in those companies
with the highest sales volumes.

Compiled by Fastener World;
News provided by Fastener + Fixing Magazine
www.fastenerandfixing.com