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.
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.
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.
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.
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
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.
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%.
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.
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.
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.