SUN Automation Partners LMC, PARA Appear Together At ACCCSA Expo Glen Arm, Maryland based SUN Automation Group part- ners Latitude Machinery Corp. (LMC) and PARA appeared together at the 40th Annual International Convention and Exhibition ACCCSA in the capital city of San José, Cos- ta Rica from June 14-16. Held at the Hotel Real Intercon- tinental, ExpoACCCSA the event featured more than 90 vendors, the largest display of the latest technologies and solutions in the Latin American corrugated industry. The expo provided the corrugated industry in Latin America with a platform to continue proposing solutions that improve efficiency, effectiveness and competitive capacity. As LMC and PARA expand their reach into the Americas through strategic partnerships, such as that with SUN Automation Group, their presence at ExpoACCCSA
showcased their commitment to providing a high level of service and innovative corrugated solutions. “Our goal was to speak directly to our customers in Latin America to understand the challenges they face and provide the right solutions for their operations,” said Bri- an Kentopp, Vice President of Sales at SUN Automation Group. “With such a broad portfolio of corrugated equip- ment across these partnerships, we aim to service their needs above and beyond a ‘one size fits all’ approach.” At the year’s expo, LMC highlighted its flexo folder glu- ers and rotary die cutters. Known for its reliability, LMC equipment is a global success with machine sizes ranging from mini to jumbo. PARA showcased their ELEVA palletiz- er and satellite system designed for rotary die cutters and flexo folder gluers. ELEVA is a high-speed palletizer with bundles turner, doubler, and layer disposition, installed on a unique monoblock, taking significantly less real estate. Its compact design allows facilities to optimize loading and shipping times, maximize their shop floor and increase safety for operators. Visit sunautomation.com for more. NAM: CPI Rises At Fastest Rate Since 1981
Accordingt to Chad Moutray, Ph.D. and Chief Economist at the National Association Of Manufacturers (NAM), consumer prices rose 1.0 percent in May. Growth in food and en- ergy costs remained very solid, up 1.2 per- cent and 3.9 percent in May, respectively, with gasoline prices up 4.1 percent. Exclud- ing food and energy, core consumer prices rose 0.6 percent in May, the same pace as in April. The Consumer Price Index has risen 8.6 percent over the past 12 months, up from 8.3 percent in April and the fastest year-over- year pace since December 1981. At the same time, core inflation (which excludes food and energy) increased 6.0 percent year-over- year in May, down from 6.2 percent in April and 6.5 percent in March. Core inflation in March was the highest since August 1982. The current forecast is for year-over-year growth in the CPI to be 6.0 percent at year’s end, with core inflation at 5.0 percent. These data will continue to put pressure on the Federal Reserve to act aggressive- ly and decisively on inflation. The Federal Open Market Committee raised the federal funds rate by 50 basis points at its meeting June 14–15 and it will make similar moves at its July 26–27 and September 20–21 meet- ings. CONTINUED ON PAGE 8
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June 20, 2022
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