Foster Invests (CONT’D FROM PAGE 20)
press equipment to become a ‘one-stop-shop’ in which we can print, die-cut, fold, glue, and finish their folding carton job all at our 46,000-square-foot facility in Santa Ana. We also service customers who have finishing capabilities on the corrugated side and now on the folding carton side. With our new equipment, we can be an asset to them and their overflow work. It’s an exciting time for us to open the door to a whole new market and to have the ability to print and finish in-house.”
the Southern California printer chose to the two new ma- chines, which will be delivered in the spring of 2024. Higher speeds, faster turnaround, extra capacity, ver- satility, and more efficiency are the capabilities that Foster anticipates it will gain. Foster’s team was impressed with the versatility of the iPress to die-cut several types of substrates including pa- per, plastic, board and corrugated material. Kris Blackburn, Foster’s Vice President of Sales, says this will allow Fos- ter to support its customers packaging needs to whatever extent they need and what its new equipment can handle. “All of our equipment in-house has newer automated tech- nology, which allows for higher run speeds and to finish larger runs at a quicker pace,” he said. “We have clients who have been pushing us to add post
ISM: Manufacturing PMI At 47.8 Percent In February
Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status and 28 months of growth
prior to that, say the nation’s supply exec- utives in the latest Manufacturing Institute for Supply Management (ISM) Report On Business. The report was issued by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management (ISM) Manufactur- ing Business Survey Committee: “The Manufacturing PMI registered 47.8 percent in February, down 1.3 percentage points from the 49.1 percent recorded in January. This is the 16th consecutive month of contraction. Four out of five sub- indexes that directly factor into the Man- ufacturing PMI are in contraction territory, up from three in January. The New Orders Index dropped back into contraction terri- tory after one month in expansion. Of the six biggest manufacturing industries, three (Fabricated Metal Products; Chemical Products; and Transportation Equipment) registered growth in February,” says Fiore. “A reading above 50 percent indicates that the manufacturing sector is general- ly expanding; below 50 percent indicates that it is generally contracting. “A Manufacturing PMI above 42.5 per- cent, over a period of time, generally indi- cates an expansion of the overall econo- my. Therefore, the February Manufacturing PMI indicates the overall economy grew for the 46th straight month after one month of contraction (April 2020). “The past relationship between the Manufacturing PMI and the overall econ- omy indicates that the February reading (47.8 percent) corresponds to a change of plus-1.5 percent in real gross domestic product (GDP) on an annualized basis,” says Fiore.
DESIGNS THAT INCREASE PRODUCTION
ASDI offers: • 40 years of experience with separators, cyclones, conveyors and more • Sequential, Zero-Defect and various types of Scrap Systems • Each system is guaranteed to meet customer specifications • T urnkey Systems-handling all grades of paper and paperboard • In ground and overhead return conveyor systems direct to balers • Replace your undersized or aging cyclone over a two or three-day weekend • Representing a complete line of shredders, wet scrubbers and filters • NF PA compliant systems, ISN Network
Air Systems Design Inc .
50 East Court Mandeville, La 70471
Ph: 985-875-7777 Fx: 985-875-7778
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email: sales@airsystemsdesign.com • www.airsystemsdesign.com
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March 11, 2024
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