One Maag America – Together, as a team, we can accomplish more Dear Team MAAG Americas, In January we shipped over $12 Million in systems and parts. We are still working through a significant backlog, as many systems are behind originally committed dates to customers. We held Town Hall meetings and wrapped up the year, and as communicated, we did on balance have a positive year. It was not a perfect year, yet together we achieved many of our goals. Dover held a Q4/end of fiscal year investors call on the 31 st and stated overall the year ended on a positive note. Looking forward into 2023, there is a lot of noise and discussion about a potential recession. Fortunately, MAAG is active in very diversified market segments. While an overall reduction of economic activity would certainly affect us, we are not dependent on a specific market segment. The Plastics Industry and manufacturing in the USA remain competitive. The Covid pandemic has underscored how important it is to have a reliable supply chain that produces essential goods domestically. I will share some findings from a recent McKinsey study on how to keep USA manufacturing competitive. I do believe we are doing our part by continuing our investment in improved processes, new machinery and R&D. Cheers - Martin
Featured Product: MAAG Gala Hot Melt Adhesive (HMA) pelletizing systems are engineered to provide customers a cost- effective way to process and handle a wide variety of adhesive materials. Pellets are used to streamline downstream production processes. Usually, industrial robots apply the glue and ensure easy handling and transporting of otherwise challenging to manage materials. Hot melt is defined as any polymer-based glue that is applied in a molten state. HMA is composed of a polymer and additives, including a tackifying resin to create bond properties. Pressure sensitive adhesive (PSA) is a type of adhesive that bonds when pressure is applied. Examples of use of these adhesives range from book-binding, packaging, tapes and labels to HVAC duct- work, auto interior trim, and furniture assembly. In the past two years we sold over $10M worth of HMA systems. The front page features a complete HMA system.
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