Board Converting News, May 8, 2023

ISM: Manufacturing (CONT’D FROM PAGE 6)

Board Converting NEWS INTERNET DIRECTORY

ists’ companies manage inventories exposure. The Prices Index moved back into ‘increasing’ territory, at a moderate level, after one month of marginally decreasing prices. “New order rates remain sluggish as panelists remain concerned about when manufacturing growth will resume. Panelists' comments registered a 1-to-1 ratio regarding optimism for future growth and continuing near-term de- mand declines. Supply chains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases. Price instabili- ty remains and future demand is uncertain as companies continue to work down overdue deliveries and backlogs. Seventy-three percent of manufacturing gross domestic product (GDP) is contracting, up from 70 percent in March. However, fewer industries contracted strongly; the propor- tion of manufacturing GDP with a composite PMI calcula- tion at or below 45 percent was 12 percent in April, com- pared to 25 percent in March,” says Fiore. The five manufacturing industries that reported growth in April are: Printing & Related Support Activities; Appar- el, Leather & Allied Products; Petroleum & Coal Products; Fabricated Metal Products; and Transportation Equipment. Among the 11 industries reporting contraction in April are: Furniture & Related Products; Wood Products; Applianc- es & Components; Plastics & Rubber Products; Electronic Products;and Food, Beverage & Tobacco Products.

GARTECH MANUFACTURING COMPANY www.gartechmfg.com

American manufacturers of split heads, patented roll- er-bearing yokes, gang-slot upgrades, custom rebuilds, and glue systems with electronically-geared speed mon- itoring. Visit our website for info, tips and techniques.

THE HAIRE GROUP www.hairegroup.com

Haire Group is the premier provider of new machinery for the corrugated industry. From the Apstar line of flexo folder gluers and rotary die cutters, the Encore line of flexo folder gluers and rotary die cutters, and the Engico flexo folder glu- er, Haire is able to pair clients with the best machinery solu- tions for the best value to meet their needs. Haire Group's service department helps its customers maximize uptime and profitability through superior 24/7 service and support, a pre-install training center, and over a million dollars' worth of spare parts at their offices just outside of Chicago. Haire Group has been the industry's #1 pre-owned machinery bro- ker and plant equipment appraiser since 1976. HarperLove is the leading provider of specialty adhesives, performance additives, and wet-strength resins to corru- gated packaging manufacturers. With the largest and most experienced field service and technical support team posi- tioned throughout the U.S. and Latin America, HarperLove has a long-standing reputation for providing outstanding service and delivering demonstrable performance improve- ments. HarperLove’s renowned services include not only innovative product development and custom product for- mulation, but also machine and process assessments, ad- hesive formula adjustments, machine tuning, detailed ser- vice reporting, and more. HARPERLOVE www.HarperLove.com

KIWIPLAN www.kiwiplan.com

Kiwiplan - premier worldwide software provider of enter- prise-wide, fully automatic solutions specifically for the cor- rugating and packaging industries. Kiwiplan’s Total Solution delivers comprehensive, seamless real-time flow of infor- mation from sales order management to dynamic total plant scheduling and inventory control through shipping.

Quality leads result in new customers

Read the articles in Board Converting News every week to learn about the people, places and machinery that will open the doors to new or repeat business.

MAROTECH INC. www.marotech.com

Manufacturer of Marotape®, Marotape®Plus, Marotape® FPT and MaroString™; hot melt coated tapes and strings used for reinforcement and easy-open features for packaging. Ma- rotech also manufactures dispensing and tape placement equipments to optimize the productivity of applying hot melt coated tapes.

Len Prazych at 518-366-9017 lprazych@nvpublications.com

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May 8, 2023

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