Manufacturing Excellence
It’s Mid Year 2019. Time for a Turnaround?
It’s Mid-Year 2019. Time for a Turnaround? July is the heart of summer, but also marks the onset of the second half of the year. Much like making resolutions in January, the second half is a great time to reassess and get back on track for achieving personal and professional goals. Stay cool, and go for it!…
Read MoreLimited Growth Among Top 100 Injection Molders
Must be summer because it is time to look at the numbers behind Plastics News’ ranking of the Top 100 North American injection molders. Look to next week’s issue for the smaller firms.
There are 102 firms in the top 100 this year, that’s due to the three ties at No. 100. The companies have combined molding sales of $29.1 billion. The top 10 alone make up 34 percent of that total revenue. The average sales per firm is $284.7 million, holding steady compared with last year.
The general trend in automotive was down, although a few lucky firms managed to grow. Medical molders also grew. I read many annual reports where company executives explained that their sales increases were due to resin pricing pass-through to customers.
For those firms reporting growth at the top 100, the average increase was 15 percent. The figure rises to 23 percent if you include acquisition-related growth. Six percent of the top 100 executives in this list are women.
National Safety Month
June is National Safety Month! Learn about the devastating impact of workplace injuries and simple steps you can take to improve safety on the job. Welcome, summer, and a shout out to all the grads, dads and father figures this month. The High Cost of an Unsafe Workplace In the U.S., a worker is injured…
Read MoreNational Inventors’ Month
May is National Inventors’ Month! We highlight new products, inspirations and thoughts on improving innovation in any context. And as Memorial Day closes out the month, please remember to thank a Vet and honor all who’ve served. Hoffer Plastics and BBC Cellpack Team at the Plastics Pouches Trade Show, Vienna, April 2019 Spotlight on Hoffer Plastics…
Read MoreNational Consumer Protection Week
In comes March – and with it, March Madness, Daylight Savings Time, St. Patrick’s Day and the start of Spring. Within all this excitement humbly lies National Consumer Protection Week. This month, we we focus on the importance of continuous innovation to keep products, and people, safe. Spotlight on Hoffer Plastics: High Speed Lining for Signature Drop-Lok™ Closures…
Read MoreNational Engineering Week
This February, we celebrate National Engineering Week and American Heart Month Spotlight on Engineering Innovation: Hoffer Plastics Tether Lok™ Closure The Hoffer Engineering team played a key role in developing and successfully launching an innovative new closure for flexible pouch packaging. Tether Lok™ is a one piece spout and cap fitment, ready to be installed on horizontal…
Read MoreHappy New Year!
With January centered on resolutions and renewal, we focus this month’s issue on the benefits of thinking ahead: proactive capital reinvestment and planning. An ounce of prevention and forward thinking Proactive vs. Reactive Planning and Capital Investment: Mitigates risk for you and your customers. It improves performance quality & consistency, reliability, and helps maintain a sustainable competitive advantage Enables…
Read MoreDecember is Worldwide Food Safety Month
In the midst of the holidays, with buffets, mail-order food gifts and shared meals abounding, it’s the opportune time to focus on food safety. A Complex, Challenging Issue with Serious Consequences Global sourcing and supply chains have made it extremely tough to consistently ensure food safety, from ingredient composition to production to distribution and handling.…
Read MoreNational Manufacturing Month
In this October issue, we celebrate National Manufacturing Month! The backbone industry of the U.S. remains strong, growing and ripe with new, exciting career opportunities. Small Manufacturing Businesses Lead the Way The vast majority of manufacturing firms in the United States are very small. I n 2015, 98% of the 251,774 manufacturing firms were considered to be small…
Read MoreHoffer hopes to lead family business to 100 years
For many Americans, President Donald Trump’s trade war may soon get very real.
His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. That’s roughly $300 billion worth of products on top of the $250 billion targeted earlier.
“The administration’s decision to announce a tax on every product coming from China puts America’s entire economy at risk,” the Retail Industry Leaders Association said in a statement. “Americans’ entire shopping cart will get more expensive.”
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