Gretchen Farb Named Crain’s Notable Women in Finance
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 million . . .
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 MoreChina 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 Retail Industry Leaders Association said in a statement. “Americans’ entire shopping cart will get more expensive.”
Read MoreFallout from China Trade War
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.”
Read MoreNational Volunteer Month
As April transitions us with rain showers and early blossoms, it also inspires us with National Volunteer Month. A shout out and heartfelt “thank you” to all who give back selflessly in service to others. May you continue to inspire us all! Spotlight on Hoffer Plastics: A Company Culture Centered on “Service” At Hoffer Plastics,…
Read MoreHoffer Plastics Adds High-Speed Lining Machine
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.”
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…
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