Hoffer Plastics Highlights
Catch Hoffer Plastics in the News
Hoffer Plastics Now MedAccred Certified Injection Molder
SOUTH ELGIN, IL — Hoffer Plastics announced today that the company has received the MedAccred certification, a medical device industry-managed supply-chain oversight program of the Performance Review Institute. This prestigious designation, which identifies and verifies compliance to critical manufacturing process requirements, puts Hoffer in a trusted group of injection molders that have been endorsed to serve the medical industry. This news comes as Hoffer Plastics continues to innovate and expand its processes and opportunities for...
Coronavirus is Slowing Production in China
Alex Hoffer is quoted extensively in this Chicago Tribune article dated 2/28/20. To read the complete article, click here. AllCell Technologies employee Jerlene Jackson uses a heat gun to wrap rechargeable battery cells. (Abel Uribe / Chicago Tribune) . . . . In South Elgin at Hoffer Plastics, the family owned custom injection molding company is awaiting four orders from a Chinese tool shop that was temporarily closed by the epidemic. The Shenzhen factory...
Charlotte Canning Among Crain’s Notable Leaders in HR
SOUTH ELGIN, IL — Hoffer Plastics announced today that Charlotte Canning, Chief People Officer, has been named among Crain's 2020 Notable Leaders in HR, a recognition honoring Chicago area Human Resource leaders who have shown the ability or power to effect change by navigating new ways of recruiting talent; opening new ways to support employees and/or retain talent; improving efficiency; enhancing company culture; and/or promoting diversity and inclusion. Charlotte added: “I commend each and every...
Hiring Vets: The Jam TV Show
Tom Devens and Charlotte Hoffer Canning talk to The Jam TV about employing those who served.
How to think about plastics in 2020
Since 1950, approximately 8.3 billion metric tons of virgin plastics have been produced worldwide, the equivalent of 176 million big rigs. Less than 20% of that plastic has been recycled or incinerated, leaving nearly 80% to accumulate in landfills or as litter in our natural environment. Despite its significant contributions to innovation, the plastics industry has garnered increasing criticism over the years for its environmental impact. In a poll conducted by market research firm Morning...
Hoffer Plastics Expands Family Leadership Roles
SOUTH ELGIN — Hoffer Plastics Corporation, an industry leader and innovator in the custom injection molding industry, recently announced that CEO William Hoffer will take on a new role as Chairman of the Board effective January 1, 2020. These changes come on the heels of promotions for the third generation of Hoffer family leadership: Gretchen Hoffer Farb, Charlotte Hoffer Canning, and Alex Hoffer, collectively known as "G3" — or “third generation.” William is the second...
Gretchen Farb Named Crain’s Notable Women in Finance
Gretchen Farb, Chief Financial Officer and Vice President of Value Creation At family-owned Hoffer Plastics, Gretchen Farb oversees the finances of the plastic injection-molding business as well as the Hoffer Foundation. She manages the company’s investments and its 401(k) plan. In the last 12 to 18 months, Farb instituted new enterprise resource planning software and helped lead the company to a record year. Revenue last year rose 12.5 percent to $90...
Limited 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...
China Tariffs Will Hit Consumers Hard
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...