ISM: Economic Growth To Continue Through 2021
Board Converting NEWS INTERNET DIRECTORY
The economic recovery in the United States will continue for the rest of 2021, according to the nation’s purchasing and supply executives in the Spring 2021 Semiannual Eco- nomic Forecast. Expectations for the remainder of 2021 have strength- ened somewhat, compared to December 2020, as there is hope that the corner has been turned on the corona- virus (COVID-19) pandemic; both manufacturing and ser- vices sectors are signaling expansion. These projections are part of the forecast issued by the Institute for Supply Management Business Survey Committees. Manufacturing Summary Revenue for 2021 is expected to increase, on average, by 7.2 percent. This is 0.3 percentage point higher than the December 2020 forecast of 6.9 percent, and 8.5 per- centage points higher than the 1.3-percent decrease re- ported for 2020 over 2019. Fifty-nine percent of respon- dents say that revenues for 2021 will increase, on average, 13.8 percent over 2020. Only eight percent say revenues will decrease, on average, 13 percent, and 33 percent in- dicate no change. With operating rates at 88.3 percent, an expected capital-expenditures increase of 8.7 percent, an expected increase of 8.1 percent in prices paid for raw materials, and an expected employment increase by 2.8 percent by the end of 2021, manufacturing continues its comeback from the turmoil of 2020. All 18 manufacturing industries are expecting increases in revenue in 2021 — listed in order — are: Nonmetallic Mineral Products; Fabricated Metal Products; Miscella- neous Manufacturing; Apparel, Leather & Allied Products; Machinery; Wood Products; Computer & Electronic Prod- ucts; Chemical Products; Electrical Equipment, Applianc- es & Components; Food, Beverage & Tobacco Products; Plastics & Rubber Products; Primary Metals; Transportation Equipment; Furniture & Related Products; Paper Products; Printing & Related Support Activities; Textile Mills; and Pe- troleum & Coal Products. Folding Carton Firm Installs HP Indigo Press Cairo, Egypt-based packaging printer, Medhat Elsewedy, has recently invested in an HP Indigo 12000 digital press, the first of its kind in the Middle East and North Africa. The company chose to make the investment in order to unlock new market opportunities and expand its capacity for short to medium runs Founded 22 years ago, Elsewedy has increasingly fo- cused its operations on producing printed packaging after recognizing that its manpower and design capability was better suited to the folding carton sector, which is now its main target market.
THE HAIRE GROUP www.hairegroup.com
Haire Group is the premier provider of new machinery for the corrugated industry. As the exclusive US & Canadian agent for one of the largest machinery manufacturers in the world, Haire Group is able to pair clients with the best machinery solutions for the best value to meet their spe- cific needs. As an operating partner of the US-based DFA Technical Support Center (a joint venture of Haire Group and Dong Fang), Haire Group delivers top-notch 24/7 pro- fessional, reliable service and support, maximizing quality and uptime. Additionally, Haire Group has been the indus- try’s #1 pre-owned machinery broker 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.
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 pack- aging. Marotech Inc. also manufactures state-of-the-art dispensing and tape placement equipments to optimize the productivity of applying hot melt coated tapes in packaging.
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www.boardconvertingnews.com
May 31, 2021
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