When their benefits are taken into consideration—weather, insect and rot resistance and a useful life of about 25 years with little to no maintenance—plastic lumber and wood-plastic composites can be very cost effective.
The business relationship between KraussMaffei (Florence, KY) and Alpha Systems LLC (Elkhart, IN) dates back to 2013, when Alpha Systems started replacing equipment to upgrade its molding operations. It currently runs five KraussMaffei injection molding machines ranging from 50 to 1600 metric tons.
The 25% Chinese tariffs on high-density polyethylene (PE) and linear-low-density PE, which are scheduled to be implemented on Aug. 23, have really begun to disrupt the market, particularly in Houston, the major resin export hub.
The acquisition of Citation Clinical Labeling Systems (Hauppauge, NY) strengthens the commitment of AWT (Minneapolis, MN) to the global healthcare labeling market and will allow it to leverage growth opportunities in the clinical trial label markets, said the company in a news release.
Equipment is a minor expense compared with materials, as articulated in the 6-1-2-1 rule of cost distribution: 60% materials, 10% equipment, 20% direct labor and 10% everything else, including power, packaging and insurance.
Despite strong economic fundamentals, pessimism prevails across the automotive supply chain. Business outlook in the Q3 2018 survey of North American automotive supplier executives dropped 10 points since the Q2 report, landing in negative territory.