Medical molders: To certify or not to certify?

By Norbert Sparrow
Published: September 8th, 2015

In the many years that I have been covering the medical manufacturing supply chain, I have occasionally come across contract manufacturers who make a virtue of not having ISO certification. These are outliers, to be sure, but they claim that the added cost and complexity of jumping through quality systems certification hoops is not worth it. The proof? Their business with medical device OEMs is going along quite nicely without it. There are always exceptions to the rule, but most medical molders that I have spoken with are skeptical.

Future Covestro Management Board members announced

By Karen Laird
Published: August 13th, 2015

The Supervisory Board of Bayer MaterialScience (Leverkusen, Germany) has named the members of the future Covestro Board of Management, effective September 1, 2015. Described as an ‘experienced management team,’ the new board is made up of a well-balanced mix of old names and new. Not surprisingly, Patrick Thomas (57) has been confirmed as Chairman of the Board of Management of Covestro.

Dynisco offers total-cost-of-ownership guidelines at Boothroyd Dewhurst forum

By Clare Goldsberry
Published: August 11th, 2015

Most plastics processing companies are familiar with Dynisco Inc. (Franklin, MA). A global supplier of sensors, controls and analytical instruments for the plastics industry, the company is also deeply involved in the management science of total cost of ownership (TCO), coupled with early design optimization strategies, for reducing lifetime product costs.

KraussMaffei names new CEO

By PlasticsToday Staff
Published: June 15th, 2015

KraussMaffei Group GmbH, a leading global manufacturer of plastic and rubber machinery and systems headquartered in Munich, announced today the appointment of Dr. Frank Stieler as CEO. He will replace Jan Siebert, who has led the group since January 2012, effective July 27, 2015. Siebert is leaving the company of his own accord, said KraussMaffei in a news release.

Scientific Management Techniques expands hands-on process control assessment program

By Clare Goldsberry
Published: May 14th, 2015

Scientific Management Techniques Inc. (SMT; Merrimack, NH) announced this month that it has added two new skill levels to its process control assessment program. SMT is a global developer and provider of industrial assessment methodology and skills training machines and curriculum critical to the identification of skills and training required to optimize performance in a manufacturing facility.

Ready to retire? M&A maven reveals how plastics processors can maximize their company's selling price

By Norbert Sparrow
Published: May 9th, 2015

If, like many of your baby boomer peers, you've been thinking about hanging a "gone fishing . . . for good" sign on the door, the good news is that it's a sellers market for plastics processing companies. You could make out like a bandit. But don't dither, cautions Deborah Douglas, Managing Director of the Douglas Group (St. Louis, MO), which specializes in mid-market mergers and acquisitions (M&As). As more boomers retire in the next few years and supply starts to meet demand, prices will fall.

Economic activity in the manufacturing sector stays on the expansion side—but backs off a bit

By Clare Goldsberry
Published: February 4th, 2015

According to the latest report from the Institute for Supply Management (ISM) Manufacturing Report on Business, economic activity in this sector expanded in January for the 20th consecutive month. However, it's not as rosy a picture that you might think. The January PMI (Purchasing Managers' Index) registered 53.5%, a decrease of 1.6% from December's seasonally adjusted reading of 55.1%.

Plastic Molding Technology's Charles A. Sholtis receives SPE Business Management award

By Clare Goldsberry
Published: February 3rd, 2015

Charles A. Sholtis, owner and CEO of Plastic Molding Technology, is the 2015 recipient of the Society of Plastics Engineers (SPE) Business Management Award. The award is one of the highest honors SPE bestows upon an individual, recognizing outstanding achievements in the management of a corporation, according to current SPE President Vijay Boolani.

Record number of certifications pursued for metalworking jobs through NIMS

By Clare Goldsberry
Published: January 30th, 2015

Looks like the word must be getting out about the number of high-paying skilled manufacturing jobs that are available. The National Institute for Metalworking Skills (NIMS) announced it awarded a record number of credentials last year to individuals seeking to enter into or advance in jobs in the industry.

2014 ended on a positive note for manufacturers, but skills shortage still big concern

By Clare Goldsberry
Published: January 28th, 2015

2014 was a very good year, according to ThomasNet's annual Industry Market Barometer survey of North American Manufacturers, which marked an upward trajectory for manufacturing, year-over-year as the economy recovers. The responding companies are growing, hiring, adding new lines of products or services, and investing for more growth to come.

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