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Department Spotlight

Sales at Fastco

Sales at Fastco

At Fastco, the Sales team doesn’t just sell parts; we perform a wide variety of tasks, from marketing & advertising, to quoting new business, to managing the sample process, to handling price increases and general customer relationship management for established customers. Managing customer relationships is a broad and ongoing job. It requires us to work closely with numerous other departments.

 

As a customer-centered department, Sales has a high-level of visibility at Fastco and a big impact on the company’s success. Every person in Sales has to understand how their job affects the company as a whole, looking up and downstream to see how tasks fit into the big picture. We are constantly working to improve our processes and are all very self-critical and self-sufficient workers.

Hard Work, Team Work

In 2022, our team set an aggressive goal for new business awards and we blew it out of the water. Of course, it wasn’t just the Sales team that made this happen. Engineering, Customer Service, Manufacturing, Finance, and Purchasing all work to help Fastco win new work to varying degrees. And certainly, winning work and keeping customers happy depends  on the work of every single team member at Fastco.

That being said, Sales should be given a lot of credit for the ongoing success in new business awards. It speaks to a highly motivated team who doggedly pursues new work and does our best to keep our customer’s coming back for more parts.

Interested in learning more about what Fastco does and how our sales team can help you? Request a quote from us or give us call at 616-453-5428.

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Department Spotlight Manufacturing

Thread Rolling Team at Fastco

The Thread Rolling Team at Fastco is responsible for rolling threads, knurls, and/or fetters onto cold headed blanks.

 

What is Thread Rolling?

The threads form when dies press against cold headed blanks. The same process is used for knurling.

Thread rolling is the most efficient and cost effective for large production runs, since machine run rates are around one piece per second. Benefits of the rolling threads include:

  • No fine metal chips.
  • Material savings of 15-20% in the blank by weight.
  • Stronger, more accurate threads

MAThread® Supplier

Fastco is a licensed supplier of MAThread® and MATpoint®, so we can produce the following MAThread fasteners:

6 different MAThread types of thread rolling
Visit mathread.com for more information.

 

Rolling SEMS Parts

In addition, Fastco has a dedicated SEMS unit, enabling us to assemble SEMS bolt/washers. SEMS fasteners are pre-assembled washer/bolt combinations that are fast and easy to handle and fit into larger assemblies.

Our Thread Rolling Team

Made up of a combination of new and experienced team members, Fastco’s Thread Rolling team works hard to improve and problem solve solutions for customers. Currently, they are working hard on scrap reduction initiatives to improve profitability and reduce waste. As more of our junior members gain knowledge and experience, we look forward to seeing the torch pass to the next generation of manufacturing professionals.

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Department Spotlight

Production Control

Production Control at Fastco

The Production Control department’s primary role is to move product. Whether it is keeping the cold heading department supplied with raw material, moving bins of product to the next step, or taking product to and from the outside processors, our team makes it happen. Every team member in the Production Control (PC) department contributes to the company’s goals and helps get every dollar of sales out the door every month.

Not everything is controllable

While our job is to control product, many key factors that impact production are outside of the control of PC team members. The material handler cannot bring material to the header if we do not have it here. The truck drivers cannot bring product back in if it is not completed at the outside processor. Raw material, especially, has been a challenge for the last couple years. The PC department, like Fastco and many other companies, is at the mercy of the industry.

Production Control Fastco Semi-Truck

Controlling what we can

Despite this, the PC department works hard to improve the things they can control. I am proud that each member of the PC department knows their job and how to do it. The team members are always willing to help each other out. They do a lot behind the scenes of manufacturing that may not get the recognition it deserves.

Fastco is grateful for all the work put in by team members in the PC department, from the material handlers and parts washer to the truck drivers and the logistics support staff.

 

by Phil Kowalczyk, Logistics Manager

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Department Spotlight

Quality at Fastco

The Quality at Fastco

The primary function of the Quality Department is ensure standards are met. This includes all required specifications, checks, processes, and procedures. Quality is critical to reducing costs and failures. We work to ensure that our customers are getting what they pay for by having parts within specification.

Everyone is on the Quality Team!

The Quality Department is here to help improve, correct, and ensure things are done properly. It is important to recognize that EVERYONE at Fastco is responsible for the quality of the parts we produce, even if they are not technically a member of the Quality Department. Everyone that touches a part, from cold heading to washing to sorting to entering orders, are part of the Quality Team, in a broader (and important) sense. At Fastco, we all contribute to the quality of our products. Following procedures and processes ensures there are no extra costs or dramatic losses due to a failure.

Quality Control Image

 

Thank you, Quality Team!

Thank you to the Quality Department for their efforts to keep our company IATF compliant and to deliver on our promises to customers. When there are quality concerns, members of the Quality Department are always the first to answer the call to assist. They will help with extra sorting & audits and generally help on the production floor. The team regularly goes above and beyond without complaint.

by Brian Kropp, Quality Team Leader

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Department Spotlight

Fastco’s Inspection Department

The Inspection Department’s primary function is to get quality parts to our customers on-time. Delivering quality parts on-time is critical to Fastco’s success. We need to meet our customers’ expectations and demands in order to be a successful company.

Inspection Department to the Rescue!

Inspection is often treated as a “hail Mary” operation – it is the last step to getting parts out the door. If other operations run behind, the Inspection team feels it the most. Often, they get tubs in the day before parts are due and are expected to sort them and get them out the door on-time. It’s an unrealistic expectation born of the reality of manufacturing. The Inspection Department handles unrealistic expectations well.

inspectionWhat is IATF - a team member reaches into an inspection unitsorting and inspection

Trust the Process

In this department, team members are not just boxing up quality parts (although that may be the goal). They are also inspecting for quality concerns. For electronically sorted parts, they run each tub through multiple times due to false fallout and to reduce scrap. Quality and timing issues in cold heading and thread rolling all run downstream and affect inspection’s workload. Therefore, the more issues we catch on the machine, the better off the company is as a whole. Cold heading and thread rolling both work hard to stop quality defects on the machine before they reach the inspection department. But no one is perfect, which is why we work to have a process that is.

the inspection department team

Through it all, the Inspection Department will do whatever they can do with the timing they are given.  They continue to work hard and get parts out quickly. The department has a very high productivity rate and its members work well together as a team. It’s good to have a team that is so focused on meeting quality and timing demands, even when these two demands seem to conflict. The team trusts the process and serves our customers well.

PLUS – they have a robot on their team named Ellie. How cool is that?

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Department Spotlight

Maintenance at Fastco

Keeping heavy machinery such as cold heading equipment up and operational is no small task. At Fastco, we have an entire department of machine repair & preventive maintenance technicians, along with an onsite electrician that help keep our cold headers, thread rolling machines, inspection equipment, and general facilities running smoothly and efficiently.

Fastco’s maintenance department works diligently to keep production equipment running. The team performs repairs as needed and schedules planned maintenance to make sure that all key equipment is kept running without negatively impacting production because of machine down time.

A crew member on a blue riding floor scrubber performing general cleaning.
A crew member cleans the floors at Fastco.

Due to the ongoing nature of maintenance, this department has team members working onsite through all three shifts. They are here to help keep the facility running smoothly, days, nights, and sometimes weekends. The amount of time spent behind the scenes doing preventive maintenance on the equipment and the upkeep of facility itself is huge. It may often be invisible to other team members, but it matters.

Our maintenance crew team understands how much it matters as well. They know that they impact the company’s bottom line. Profitability depends on productivity, and productivity depends on having machines up and running efficiently. By doing their jobs thoroughly, our maintenance team works to prevent down time first, and then reduce any necessary down time.

Assorted tools and blue shelves with equipment in the main maintenance area at Fastco.
The main maintenance area at Fastco

These eleven team members are essential members of team Fastco and we want to say thank you to them for all the work they do. Maintenance at Fastco is critical and we appreciate everything you do.

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Industry News

Fastener Manufacturing Growth

It has been a rough couple years, especially for many of us in the fastener manufacturing business. Is there a hope on the horizon?

Supply Chain Woes Led to Slow Fastener Manufacturing Growth

In the last five years, the fastener manufacturing industry has only grown 0.1% on average per year. Obviously, the global COVID-19 pandemic was a large factor in this decrease. In addition, the global chip shortage has crippled supply chains, particularly in the automotive sector. For many fastener manufacturers, automotive makes up a substantial portion of business. For Fastco, we have historically seen automotive make up more than 95% of our business. Currently, automotive makes up around 80% of our business.

With auto industry continuing to limp along, it is no wonder that fastener manufacturing growth has been much slower than the rest of the US economy and even the manufacturing sector as a whole.

Fastener Manufacturing Growth for 2023 and Beyond

But we are beginning to see a shift in the forecast.  The latest report on the industrial fastener market from Spherical Insights & Consulting projects that the industry will grow from $86.62 billion in 2021 to $146.3 billion by 2030. This represents a compound annual growth rate (CAGR) of 6%.

While a 6% CAGR isn’t fantastic, it is definitely stable. And for a large and established industry as a whole, it’s nothing to scoff at. The growth of industrial fasteners as a whole exceeds the 5 year projected growth of the auto industry itself.

So what industries are stepping in to fill in the gaps and help grow fastener manufacturing?

Some obvious heavy hitters are solar (20.5% CAGR, growing to a $223.3 billion industry by 2026) and construction (7.3% CAGR from now through 2029).

Within the auto industry itself, we are also seeing a forecasted annual growth of 25.4% from 2021 – 2028 in the electric vehicle sub-sector.

Diversification in Industries Served

While one could argue that it is always a good time to be thinking about diversification, the argument is particularly poignant right now. Companies should work to diversify the industries they serve, the products/services they offer, and the subcontractors they utilize in their supply chains. Diversification leads to stability. Sure, it may not protect a company from a global recession, but it will certainly help them weather industry-specific crises.

At Fastco, 82% of the new business we have won in 2022 is for industries outside of the automotive sector, including solar, construction, agriculture, material handling, and industrial equipment. We have also been able to provide solutions to customers looking to shore-up supply chains or dual-source products.

As we look to the future and the industry growth projected, we are excited to see more growth on the horizon.

Categories
Manufacturing

Cold Heading Quality Steel

At Fastco, we manufacture cold headed fasteners with steel. We’ve done some dabbling with other materials, such as aluminum and brass, but the vast majority of our work is with steel – carbon, alloy, and stainless steel.

What Is Cold Heading Quality Steel?

Cold Heading Quality Steel (CHQ Steel) requires a particular raw material chemistry in order to withstand the force applied to it while maintaining superior quality. It is used to form all sorts of fasteners, from bolts, screws, pins, and rivets to nuts, spacers, and bushings. The steel is drawn down into coils of wire, which can then be fed into cold heading machines and formed through a series of dies and punches.

Carbon Steels

Low, medium, and high carbon steels can all be used in cold heading. Lower carbon steels, such as 1010 which has a .10% carbon content, have relatively low tensile strength. However, low carbon steel is fairly easy to material to work into form.

Carbon Steel 1010_ 1045_ 10B21
A coil of carbon steel wire

Another example of a highly formable carbon steel is 10B21, which is a boron-containing carbon steel. Stronger than 1010, it is a major component in buildings, tools, ships, cars, machines, and appliances.

Alloy Steels

Alloy steels are contain a mix of several elements such as nickel, chromium, silicon, and boron. They typically fall into two groups: low alloy and high alloy.

Low alloy steels include 1541, a medium-carbon / medium manganese grade steel, which is both versatile and affordable. Other alloy grades such as 4037 or 4140 are higher cost and more common in the oil and gas and aerospace industries.

Bolt
A B16 Bolt

High-alloy steels such as B16 perform well in high-strength industrial applications. B16 is a chromium, molybdenum, and vanadium steel that works well as a material for bolt manufacturing.

Stainless Steel

A comparably more difficult material to work with, stainless steel is popular across many industries due to its corrosion resistance. Austenitic stainless steel grades such as 302 and 304 are highly formable, particularly in annealed condition. Other high-nickel alloy stainless steel grades, such as high-temperature alloys like A286, martensitic stainless steel like 410, or ferritic steels like 430, are often more difficult to work.

Stainless Steel 304
304 Cold Heading Quality Stainless Steel

Cold forming is the superior method to form with stainless steel because it does not require heating, making for a safer and more energy (and cost!) efficient process. Fastco specializes in stainless steel cold formed fasteners.

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Industry News Manufacturing

The Growth of Solar Manufacturing

For more than 50 years, Fastco’s primary industry has been automotive. As we look to diversify our products, we’ve moved into supplying fasteners for the construction, material handling, agriculture, and furniture industries. Now, we’re launching full-steam (full-sun?) ahead into supplying fasteners for solar panel manufacturing.

 

Renewable Energy

Renewable energy solutions are the future. The climate crisis has proved that reliance on fossil fuels is unsustainable. Companies are working on energy solutions and setting target dates for net zero emissions.

In the solar renewable energy sector, there are both individual and corporate tax credits and other incentives available for people and companies that install solar panels. These incentives were enhanced with the Inflation Reduction Act of 2022.

Solar Manufacturing Panels Installed on a Roof

Solar Panel Manufacturing Growth

In the first half of 2022 in the US, solar accounted for 39% of all new electricity-generating capacity added to the country’s power grid. If not for ongoing supply chain constraints, we would be seeing even more robust growth.

The Inflation Reduction Act of 2022 will be a catalyst for continued growth over the next 5 years, with an anticipated increase of 40% in solar deployment from 2023-2027. As a result, there will be a tripling of the US’s solar energy capacity.

 

Solar Panel Fasteners

At Fastco, we are seeing a boom in the number of solar fastener requests for quote and new business awards we receive. For solar installations, austenitic stainless steels like 302 or 304 are often preferred due the durability. Other steels can be used, typically with a zinc-nickel or such similar coating as Magni 565.

rivet for solar manufacturing

It is clear that we are on the cusp of a big boom in the solar panel manufacturing field. Fastco is excited to be a part of this industry’s growth. Fasteners are essential components in almost all fields. They hold the world together (literally!), and we love seeing our fasteners used in ways that improve our planet.

 

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About Fastco Manufacturing

Fastener Features – MAThread® and MATpoint®

Fastener Features – MAThread® and MATpoint®

Fastco is MAThread® and MATpoint® licensed. These patented thread types are heavily relied upon in automotive applications because they eliminate seizing and jamming of fasteners with anti-cross thread technology. This is especially beneficial for difficult, high-volume assemblies, reducing cost by eliminating the need for expensive reworks caused by cross or false threading.

Many automotive OEMs consider MAThread® to be the standard for externally threaded fasteners. These include GM, Ford, Chrysler, Mercedes Benz, Volvo, and VW.

Fastco can manufacture all of the following types of MAThread® Fasteners:

6 different MAThread types of thread rolling
Visit mathread.com for more information.

 

MATPoint

The most common design, MATpoint works effectively in most applications, except for when prying heavy components into place during an installation.

Very Short MAThread

As indicated by the description, this design has a very short end point. Therefore, this design works best for applications with problematic point clearance and limited angular misalignment.

Dog Point MAThread

Dog Point MAThread performs best on any difficult application or when prying heavy components into place during installation.

“P” Point MAThread

This design works best with difficult applications when the point clearance will not be an issue. In addition, it works well with thick stack-ups of multiple components.

Never-Jam™

If packing length and/or weight is a concern, this is the thread to use. It is effective up to and including 12 degrees misalignment.

Custom MAThread

MAThread can customize design criteria for special applications.

Custom MAThread - MATpoint with special dog
As an example of “custom,” here is a MATpoint design with a special dog.

 

Key Features of MAThread® and MATpoint®

Key fastener features of MAThread® and MATpoint® include:

  • Self-correcting: This makes thread damage or seizing impossible.
  • Easy-to-use: This allows any installer to use them without fear of fastener or part damage
  • Customizable: MAThread can meet customer’s specific needs.
  • Always improving: The design is regularly reviewed and made better.

 

In addition to automotive, MAThread® design can be used in a wide variety of industries, including construction, heavy equipment, motorcycles & recreation vehicles, and water craft.