Operational Efficiency
Reduce. Reuse. Recycle. Rethink.
How Hoffer Plastics Is Setting New Standards of Sustainability in Plastics How can we use less material? How can we use it more effectively? How can we give plastics a new life? As a plastics processor, we must keep these questions front and center. It’s about the future of our company, our community and our…
Read More5 Ways to Tell if a Custom Manufacturer is Truly Customer-Centric
Medical Product Outsourcing shared an article authored by Millie Nuno, Hoffer Plastics Vice President of Sales. Read more below about the five fundamental characteristics to look for when choosing a truly customer-centric custom manufacturer. In today’s consistently fluctuating medical market, one thing is certain: There continues to be a growing need for reliable custom manufacturing…
Read MoreHoffer Plastics Welcomes Jeff Klabunde as VP of Operations
Hoffer Plastics, a leading provider of custom injection molding solutions, announced the hire of Jeff Klabunde as Vice President of Operations, effective immediately. Klabunde will hold responsibility for the oversight of all Operations-related functions including the integration of automation technologies and ongoing maintenance of the organization’s focused manufacturing plants to maximize productivity and operational excellence.…
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.