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Tuesday, July 17, 2012

PN Daily: Survey: Plastics salaries flat in 2012, but executives optimistic about next year

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  Breaking News
Survey: Plastics salaries flat in 2012, but executives optimistic about next year
FRANKLIN, TENN. (July 16, 12:15 p.m. ET) -- A survey of plastics industry executives and professionals finds that their compensation barely changed last year. But the same group is optimistic and ... (more)

Closure Systems investing $6.7m in Kilgore, Texas
KILGORE, TEXAS (July 16, 2:05 p.m. ET) -- Closure Systems International is investing $6.7 million in new equipment at its Kilgore plant. The injection molder is eliminating eight product ... (more)

Molder Pereles Bros. joins global manufacturing network
MILWAUKEE (July 16, 12:10 p.m. ET) -- Milwaukee-based injection molder Pereles Bros. Inc. is partnering with the Chirch Global Manufacturing Network LLC, an organization that allows small and ... (more)

US auto suppliers dealing with high demand
DETROIT (July 16, 11:45 a.m. ET) -- Surging North American auto sales are prompting large and small suppliers to make contingency plans to cope with pressure on production ... (more)

Newsletter continued below...

Today's sponsor:  P&M Corporate Finance: Plastics M&A Advisors

Dealmakers for Plastics & Packaging

P&M Corporate Finance is pleased to have served as exclusive financial advisor to Hancock Park Associates in its divestiture of Drilltec to Lubar & Co. and Pouschine Cook Capital Management:

"PMCF's creative approach, plastics and packaging industry expertise, and highly organized process allowed for a sale at an attractive valuation for our investors and resulted in a great fit for Drilltec's management team."
- Ken Watler, Principal with Hancock Park Associates

Contact John Hart or Matt Jamison today for a review of your business's acquisition strategy or expectations in a sale or divestiture.

John Hart
john.hart@pmcf.com
248.223.3468
P&M Corporate Finance
Plastics Investment Banking
http://plastics.pmcf.com
Matt Jamison
matt.jamison@pmcf.com
248.223.3368

Suppliers boast, GM secrets are toast
DETROIT (July 16, 11:45 a.m. ET) -- Automakers are pretty good at keeping secrets about future products. But occasionally suppliers let cats out of bags unintentionally, and General Motors has ... (more)

Universal Rubber buys Dybrook Products
MIDDLEFIELD, OHIO (July 16, 11:45 a.m. ET) -- Universal Rubber & Polymer Ltd. in Middlefield has acquired Dybrook Products Inc. to bolster its custom rubber product manufacturing operation and ... (more)

Industry critical of Northern Ireland bag tax
LONDON (July 16, 11:45 a.m. ET) -- The Plastics 2020 Challenge, which includes the British Plastics Federation, Britain’s Packaging and Films Association and PlasticsEurope, has slammed ... (more)

Study: 127 mpg possible with composites -- and compromises
DETROIT (July 16, 11:45 a.m. ET) -- What technology would it take to produce a gasoline-powered car that could get 127 mpg on the highway?  The answer: very little that is not already on the ... (more)

  Multimedia
Video: Material Insights: July 16, 2012
An investment that will allow Braskem to continue making polypropylene resin at a plant in Marcus Hook, Pa., is featured in this week’s Material Insights video. Brazil-based Braskem will spend ... (more)
 
  The Plastics Blog
Can we use drones to clean up plastic litter?
Jul 16, 12:58 PM -- Marine debris -- plastic litter and other junk that finds its way into oceans and lakes -- is a major problem for the global plastics industry, and it's often cited as a reason for bans and taxes on single-use products.... (more)

  The China Blog
When counterfeit becomes the norm
Jul 16, 2:31 PM -- The Western saying "imitation is the sincerest form of flattery" doesn't really translate well into Chinese, but the scope and level of counterfeit activities in China are truly mind-boggling. B2B companies find counterfeit versions of their products at trade shows all the time, and even the trade shows themselves couldn't escape from being counterfeited. (more)


  Also of Interest
Illegal immigrants

This week’s PlasticsNews.com Web poll question: How common is the hiring of illegal immigrants in the plastics industry? To participate, go to http://www.plasticsnews.com and click on your answer.

 
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