Performance Plastics logo
66TH Annual IAPD Convention +CONNECX typography
IAPD August/September 2022 Cover

66TH ANNUAL IAPD

CONVENTION PREVIEW

66TH Annual IAPD Convention Preview
August/September 2022
The 66th Annual IAPD Convention and connecX Preview Issue + Energy Applications
a piece of plastic being formed by machinery

One material for all
detection methods – VMX

VMX products improve the safety and integrity of processingoperations and food quality – having superior mechanical properties to help improve overall production efficiencies.

  • Acetron® VMX POM-C
  • TIVAR® VMX UHMW-PE
  • Nylatron® VMX PA6
  • Ketron® VMX PEEK
Table
of
Contents
DEPARTMENTS

Building Relationships at Convention

Convention Preview: New Ways to Network

New Products on the Market

Performance Plastics in Action

Tips for Maximizing Energy Savings

Celebrating Sustainability Champions

Services and Equipment

Industry Movers and Shakers

See the Latest IAPD University Graduates

Congratulations Scholarship Recipients

Industry Trends

IAPD Manufacturers’ Rep Cards

Performance Plastics August/September 2022 cover

Cover design by Mackenzie Diekmann, IAPD Design and Multimedia Manager.

Special Focus:
Energy

Performance Plastics: A Publication of The International Association of Plastics Distribution is published bimonthly by the International Association of Plastics Distribution® (IAPD), 6734 W. 121st Street, Overland Park, KS 66209 USA. IAPD members receive this bimonthly magazine as part of their membership dues. Subscription for non-members is $90. Third class postage paid at Shawnee Mission, Kansas, additional mailing offices and foreign mailing in accordance with Publications Agreement No. 40683057. POSTMASTER: Please send address changes to IAPD, 6734 W. 121st Street, Overland Park, KS 66209 USA.

This is the official publication of the International Association of Plastics Distribution and carries news and announcements concerning the IAPD. The association and Performance Plastics: A Publication of The International Association of Plastics Distribution are not responsible for content or opinions other than those relating to association activities.

® Registered, U.S. Patent and Trademark Office, by the International Association of Plastics Distribution. All rights are reserved. Reproduction in any form whatsoever is forbidden without express permission of registered trademark owner.

Performance Plastics: A Publication of The International Association of Plastics Distribution is printed on paper with 10 percent post-consumer recycled content.

IAPD • phone (913) 345-1005 • fax (913) 345-1006 • www.iapd.org

President’sMessage

Building Relationships
at Convention
by Deborah Ragsdale
IAPD President
T

he textbook definition of a convention is: A gathering of individuals to discuss a certain topic or participate in activities related to a shared interest or field. Conventions are often held to bring business or industry professionals together to discuss important issues or topics in their fields. That might be accurate, but it sounds pretty boring to me! The IAPD convention is so much more. It’s an exciting time where industry professionals meet with their peers who have also become their friends and discuss all that is going on in the plastics industry. Let me try to tell you what the convention means to me.

I can still remember the first IAPD convention I had the pleasure of attending. It was in Toronto, ON, Canada and to a southern girl who had never left Alabama, much less the United States, just the idea of going to Toronto was exciting. We arrived in Canada and were swept away to the car to take us to the hotel and convention center. Upon arriving at the hotel, we noticed a group of picketers. What were they doing? They were picketing against the Americans who were coming to Canada! Beyond that, I had no idea. The only thing that stuck with me that day was that I was an American, and I was in Canada. They were picketing against me! We went upstairs to our rooms and quickly unpacked and left for the opening party. Imagine my surprise to find it was located in a castle!

Editor’sPerspective
Convention Preview:
New Ways to Network
by Susan Avery, CAE
IAPD CEO
T

he 66th Annual IAPD Convention and connecX is right around the corner. We can’t wait to see you at the JW Marriott in Tampa, FL, USA on September 12-15. If you haven’t been to the convention in the past few years, we hope that you take advantage of all the ways that you can connect with current and potential business partners. This is the one time of year that the leaders throughout the performance plastics industry will be in one place, and they are there to meet and connect. IAPD is pleased to offer some new and different ways to connect this year.

If you arrive on Monday, September 12, head to the lobby bar for a no-host happy hour. It’s the unofficial meeting spot for IAPD members looking for other IAPD members. Say hello to people you might not have seen for a few years, enjoy the surroundings and make plans for dinner at one of the many restaurants within walking distance.

Product
News

Articles reporting on plastic products are prepared from information furnished by members of the IAPD and non-member magazine advertisers. The information provided is deemed reliable but is not verified. It should not be assumed that the publisher has reviewed or tested any of the products. For more information, contact companies by visiting their websites.

Air-Pro® compressed air piping system

Air-Pro® compressed air piping system warranty

Asahi/America, Inc. announced that the Air-Pro® PE compressed air piping system now offers a 10-year warranty. Air-Pro is certified by NSF to meet California OSHA Impact and Pressure test requirements to conform to the State of California’s Unfired Pressure Vessel Safety Order Appendix C requiring sharp and blunt impact testing at 32° F. Air-Pro is available up to 4″ (110 mm) in blue colored piping for 230 psi applications and black colored piping up to 12″ for 150 psi applications at ambient temperature.

Since 1992, the piping system has been made from specially formulated polyethylene (PE) resin, which has antioxidant properties that can withstand the demanding application of compressed air. Air-Pro’s thermoplastic material is also resistant to compressor lubricants and atmospheric corrosion from chemicals or marine environments. Full warranty details are available at www.asahi-america.com.

OVER 20
PRODUCT BRANDS

THE LEADING
PLASTIC
MANUFACTURER

SINCE 1968

King Hy-Pact
Altaflo closeup on products
Transport Critical Fluid with Confidence
ALTAFLO® is an innovative producer of high performance fluoropolymer, thermoplastic, and fluoroplastic tubing, pipe and profiles. All ALTAFLUOR® products are manufactured using 100% virgin grade high performance resins to provide the best end use performance values for your critical applications. Custom sizes, colors, shapes and profiles available.
PTFE
FEP
FEPPE
PFA
HP PFA
UHP PFA
PVDF
PVDF FLEX
THV
NYLON
PE
PUR
ALTAFLO® is an innovative producer of high performance fluoropolymer, thermoplastic, and fluoroplastic tubing, pipe and profiles. All ALTAFLUOR® products are manufactured using 100% virgin grade high performance resins to provide the best end use performance values for your critical applications. Custom sizes, colors, shapes and profiles available.
PTFE
FEP
FEPPE
PFA
HP PFA
UHP PFA
PVDF
PVDF FLEX
THV
NYLON
PE
PUR
Contact Altaflo at 973-300-3344 or sales@altaflo.com.
Altaflo logo
High Performance Tubing for: Ground Water Testing & Monitoring, Soil and Water Remediation, Air Sampling, Laboratory, Aerospace, Automotive, Environmental, Semiconductor, Laboratory, Food Process and Chemical Process Industries
Application
Showcase
An after transformation photograph of a University of California at Berkeley greenhouse
An all-in-one acrylic greenhouse solution
A University of California at Berkeley greenhouse was transformed recently with ACRYLITE® Resist multi-skin light white acrylic sheet from Roehm America LLC. According to project manager Ryan Dempsey, “When you go in there, it’s a totally different greenhouse than it was before.” Dempsey works for Prospiant, Inc. (formerly Rough Brothers), the nation’s largest greenhouse design and manufacturing company. They specialize in replacing glass with acrylic and focus on greenhouse mechanical, restoration and small bench installations.

Dempsey oversaw the project to its completion in early 2021. The greenhouse, measuring 36′ wide by 42′ long, was last remodeled in 1987. It sits in Berkeley’s Botanical Garden, a 34-acre space filled with more than 12,000 different plant species and serves as a museum for visitors to enjoy the numerous plants growing inside.

EnvironmentalCorner

Tips for Maximizing Energy Savings
by Erica C. S. Wright
I

f you are like me, the days can be long, but the years are REALLY short. I have a reminder each year to let me know when we purchased our building; the anniversary has just passed and I was surprised to realize that it’s been 11 years! When we purchased it, the building had been vacant for many years and required us to replace just about everything but the structure. We worked hard with our project manager to install energy efficient materials and equipment…but that was 11 years ago. It hit me hard that we need to reassess the plant and its energy consumption, especially in an environment where energy costs continue to rise.

Technology has changed leaps and bounds since then and the equipment we have is no longer as efficient as we think. For example, in the last 10 years, LED lighting went from producing 50 lumens per watt to 100 lumens per watt and in the next few years, it is projected that they will produce 200 lumens per watt! All IAPD members, distributors, manufacturers, recyclers and sales representatives use lighting to some extent. Just think of the energy savings that we as an organization could save if we were all on the most efficient lighting schemes for our spaces.

SpecialFocus

Clean Energy
Opportunities for US-produced performance plastics
Energy
by Ari Storch
O

n November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act (IIJA) — a once-in-a-generation investment in our nation’s infrastructure, competitiveness and communities. This bill is a historic opportunity to rebuild America’s roads, bridges and rails; expand access to clean drinking water; ensure that every American has access to high-speed internet; to tackle the climate crisis and advance environmental justice, while investing in communities — urban and rural — that have too often been left behind.

Key to the IIJA is the inclusion of provisions to expand domestic preference procurement policies. The IIJA directs the application of “Buy America” domestic preference policies to federal financial assistance programs for infrastructure. This provision is designed to provide financial assistance programs for infrastructure not currently subject to these laws, as well as to those that are currently subject to Buy America laws that may be limited in scope to specific materials or products. The new statutory direction is not limited to the funds appropriated or authorized in the IIJA; rather, it directs the application of Buy America requirements to federally funded infrastructure programs and ensures that federal financial assistance programs for infrastructure require the use of materials produced in the United States, increase the requirement for American-made content and strengthen the waiver process associated with Buy American provisions.

SpecialFocus
Sustainability at Sea:
Efficiency Analysis Backs Plastic Piping for Marine HVAC Systems
Energy
by Roberto Chiesa
T

he international shipping trade is under intense pressure to reduce its greenhouse gas emissions (GHG). With current levels of CO2 production at about 1 billion metric tons per year, the maritime industry has a larger carbon footprint than the entire Federal Republic of Germany. In response, the International Maritime Organization (IMO) has set an ambitious goal: a 50 percent reduction in total marine industry GHG contributions by the year 2050.

Within that overall framework, shipbuilders and their suppliers are free to experiment with a wide variety of strategies for reducing fossil fuel consumption. Energy efficiency is the order of the day, as engineers and technicians strive to lower costs and meet industry targets. In this light, the HVAC systems of passenger vessels have come under increased scrutiny.

SpecialFocus

Better Hydrothermal Systems
with HDPE pipes made from PE 100-RC
Energy
by Yuse Lajiminmuhip
S

ince 2009, towns around Lake Geneva, Switzerland have used the lake to create thermal networks to supply heating and cooling for local buildings. The technology works by exploiting the static temperatures at the lower depths of the lake with a heat pump on land to supply heating more efficiently during winters and cooling during summers. The technology can reduce energy usage for heating and cooling by up to 50 percent, providing an environmentally friendly alternative to traditional techniques.

Project GeniLac was one of the first projects to use the lake’s unique properties, connecting the United Nations district buildings to the system. In 2016, a nearby municipality took a similar approach in La-Tour-de-Peilz to heat more than 400 homes. By 2018, leaders expanded the GeniLac system to support the Geneva city center and seven other municipalities, serving approximately 50 buildings.

In 2021, Centre Patronal sought to build a new employer center in Lausanne to cool and heat the building with the same hydrothermal technology.

Fabrication
SERVICES SHOWCASE
Fabrication Services Showcase con­tains paid listings of companies with fabrication services, products and machinery that cater to the plastics distribution industry. IAPD does not endorse or make recommendations in regard to the companies supplying their services. For details and pricing information to include your company in this Fabrication Ser­v­ices Show­case, contact Sean Moore, IAPD’s Sales Executive, at (913) 345-1008 or email smoore@iapd.org.
CNC Equipment
Stiles Machinery logo
Sawing, trimming, drilling, polishing, measuring or 3D processing — no matter what techniques are involved, Stiles has the CNC technology to get it done. Their machining solutions can be custom-configured to your specific needs. From productivity and high precision, to energy and material savings, Stiles provides proven CNC options for plastics processing. For more information, contact info@stilesmachinery.com or visit www.stilesmachinery.com.
Vortex Tool Company, Inc. logo
Vortex Tool Company, Inc. designs and manufactures a wide variety of standard and custom high-performance router and insert cutting tools for the woodworking and plastics industries, and provides retipping and sharpening services for all makes and models. www.vortextool.com, phone (800) 355-7708.
66th Annual IAPD Convention
66th Annual IAPD
Convention Preview
three men smiling at convention
group of people smiling
people at table booth
SEPTEMBER 12-15, 2022
WELCOME
LETTER
Hello Performance Plastics Industry Leader,
We can’t wait to see you at IAPD’s 66th Annual Convention in Tampa, FL. This once-a-year event is crucial to making connections and building the relationships you need to succeed in the performance plastics industry. Plan to experience all that the convention has to offer, such as valuable keynotes, informative sessions, plenty of networking and the opportunity to set appointments with the people you want to meet.

Here are some highlights planned for this year:

  • Two exciting keynote presentations: Hear from Alan Beaulieu of ITR Economics as he reveals strategic business strategies for prospering through the changes in 2023. The second keynote speaker, Alan Stein, Jr., will show you the keys to raising your leadership performance and amplifying your impact and influence. You won’t want to miss them!
CONVENTION
HIGHLIGHTS
CONNECX logo
CONNECX
connecX is the only place you can meet with a critical mass of your customers — the experts who distribute, specify and purchase semi-finished performance plastics stock shapes, fabricated parts and pipe, valves and fittings — all in one place.

IAPD brings the performance plastics distribution supply chain together, making this event the most cost-effective marketing and relationship-building opportunity for your company. Imagine having a full year’s worth of sales meetings with your most valuable customers all in one week!

Convention Speakers
EXCITING SPEAKERS
IAPD is pleased to bring you exciting business-focused sessions. During the general session, Alan Beaulieu will present business strategies and tactics that address the projected changes in the economic landscape. Alan Stein, Jr. will share the key to raising your leadership performance and amplifying your impact and influence. Educational sessions will feature Ensinger Executive Vice President Chris Ranallo, who will share the valuable lessons in leadership he gained during the implementation of the Continuous Improvement Process (CIP). Lora Cecere will arm you with the tactics you need for customer satisfaction during supply chain distruptions.
SCHEDULE
AT-A-GLANCE
Monday
SEPTEMBER 12
8:00 a.m. – 11:30 a.m.
Executive Committee Meeting
8:00 a.m. – 7:00 p.m.
Supplier Meetings
12:00 p.m. – 1:00 p.m.
Board of Directors Lunch
1:00 p.m. – 5:00 p.m.
Board of Directors Meeting
2:00 p.m. – 5:00 p.m.
Registration Open
6:00 p.m. – 7:00 p.m.
No Host Social Hour
6:30 p.m. – 9:00 p.m.
Board of Directors Dinner
General Session
Keynote Speakers
Alan Beaulieu headshot
Prospering Through the Changes in 2023
Presented by Alan Beaulieu, ITR Economics
Wednesday, September 14, 2022 (During the General Session)
As we wind down 2022, we are also preparing for the challenges and ongoing uncertainties of 2023. The decelerating rate of rise that characterized many industries and businesses in 2022 will linger into the first half of 2023 for many. During this session, popular Economist Alan Beaulieu will present business strategies and tactics that address the projected changes in the economic landscape.
EDUCATION SESSIONS
Chris Ranallo headshot
Leadership Lessons in the Continuous Improvement Process
Presented by Chris Ranallo, Ensinger Executive Vice President
Wednesday, September 14, 2022 • 3:00 p.m. – 4:00 p.m.
During this presentation, Ensinger’s Executive Vice Chris Ranallo will share the valuable lessons in leadership he gained during the implementation of the Continuous Improvement Process (CIP).

Attendees will learn to:

  • Determine the why
  • Prepare the organization
  • Build the team
  • Launch and evaluate the program
  • Continually improve on the Continuous Improvement Process

About Chris Ranallo
Chris Ranallo leads Ensinger’s North and South American business units, which are headquartered in Washington, PA, USA.

SHOWCASE
EXHIBITORS
The exhibitors listed are as of July 29, 2022
Booth 100
Hudson Extrusions, Inc.
Booth 101
Schelling America, Inc.
Booth 102
B & F Plastics, Inc.
Booth 103
SciCron Technologies Limited, LLC
Booth 104
Stabilit America, Inc.
Booth 105
Alumanate LLC
Booth 106
Polymer Components
Booth 107
Hi-Tech Profiles, Inc.
Booth 109
Crown Plastics Company
Booth 110
Cast Nylons Ltd.
Booth 200
PLASKOLITE
Booth 201
Polymer Industries
Booth 202
AGRU America, Inc.
Booth 203
ALTAFLO, a Pexco Company
Booth 204
CMS North America
Booth 205
PolyWorld Systems S.r.L.
Booth 206
Atlas Saw & Tool, LLC
Booth 207
Rowmark LLC
Booth 208
King Plastic Corporation
Booth 209
NOVUS 2 LLC
Booth 210
Leister Technologies LLC
Booth 211
Drake Plastics Ltd. Co.
Booth 212
Fimor North America

Booth 213
GEM Plastics

Booth 214
Rowland Advanced Polymer Films,
An ORAFOL Company

Booth 215
Business Answers International

Booth 216
Norplex-Micarta

Booth 217
SABIC – Functional Forms

Booth 300
Artek, Inc.

Booth 301
Stiles Machinery Inc.

Booth 302
Jet Technologies, Inc.

Booth 303
Nylatech, Inc.

Booth 304
Arkema Inc.

Booth 305
SWM International

Booth 306
Ritmo America LLC

Booth 307
Columbia Industrial Products

Booth 308
ElringKlinger Engineered Plastics

Booth 309
Wegener Welding, LLC

Booth 310
Champion Fiberglass

Booth 311
PTFE Industries

Booth 312
Asahi/America, Inc.

Booth 313
Liberty Plastics, Inc.

Booth 314
Hendrick

Booth 316
Exolon Group S.P.A.

Booth 317
Gallina USA, LLC

Exhibition Floor Plan
Entrance
Exhibitor
Listings
Booth 202
AGRU America, Inc.
agru logo
500 Garrison Road
Georgetown, SC 29440 USA
T: +843.546.0600
F: +843.546.0516
www.agruamerica.com
Major Products: AGRU America offers semi-finished products including sheets, round bar stock, and welding rods to suit a wide range of applications. This includes PE, PP, PVDF, ECTFE, FEP, and PFA. We also offer a wide range of Concrete Protective Products including liners and sheet materials as well as pipe and fittings. AGRU America is part of the worldwide AGRU Group, an Austrian family-owned business since 1948 with production facilities in Austria, the U.S., Germany and China, and distribution in over 80 countries worldwide.
Booth 203
ALTAFLO, a Pexco Company
23 Wilson Drive
Sparta, NJ 07871 USA
T: +973.300.3344
F: +973.300.3345
www.altaflo.com
Mary Hyde – Vice President Business Development
Major Products: An innovative producer of high performance fluoropolymer and fluoroplastic extrusions including tubing, pipe, convoluted tubing, precision cut-to-length parts, multi-lumen tubes, profiles and formed shapes. Resins include PTFE, FEP, PFA, THV, PVDF, MFA, UHP PFA, PVDF FLEX and ETFE.
Social
Events
inside view at the Driftlight Lounge
Social Hour
Monday, September 12, 2022 • 6:00 p.m. – 7:00 p.m.
If you are in town and looking to have a drink or meet up with fellow convention delegates, you’re welcome to meet at the Driftlight Lounge in the JW Marriott Tampa for a casual evening. Drinks will not be hosted by IAPD.
Thank you
to our
Sponsors
The sponsors listed are as of July 29, 2022.
PREMIER SPONSOR
Simona American Group logo
PLATINUM SPONSOR
Loose Plastics Inc. logo

GOLD SPONSORS

3A Composites - Logo
Röhm logo
SILVER Sponsors
Polymer Industries - logo
vycom - Logo
People &
Places
Zach Jacobs Sarah Johnson
Alex Buyea Stacey Rakestraw
Professional Plastics announced the promotions of four team members.
Zach Jacobs

Zach Jacobs was named the new business manager for the company’s Seattle, WA, USA branch. Jacobs has steadily excelled with the company over the last six years, most recently as sales manager. He now manages the day-to-day functions of the branch and develops both sales and operations to sustain continuous growth. He looks forward to the added responsibilities of managing the business and strategizing on how to leverage opportunities in the region. His knowledge of the company’s customers, product portfolio and local market position him for success in his new role.

Sarah Johnson

Sarah Johnson was promoted to business manager in San Jose, CA, USA. In her new role, Johnson is responsible for developing, managing and driving a business plan for the fabrication branch that generates growth and maximizes net profit. She plans to accomplish this while maintaining a safe and efficient work environment. With more than 18 years in the plastic industry, the company believes that Johnson is a great fit for this new leadership position. According to Johnson, “The best way to show you’re a leader in the business world is by taking care of your team.”

AB, Canada
Piedmont Plastics has acquired Plastics Plus, Ltd., a plastics distributor and fabricator located in Edmonton, AB, Canada. Founded in 2000, Plastics Plus prides itself on customer satisfaction, quality products and workmanship, and maintaining a skilled team of industry experts. Piedmont Plastics will be moving the Plastics Plus team to a new location in the Edmonton area, which will serve as Piedmont’s 53rd branch location in North America and the sixth in Canada. This strategic location will serve as a catalyst for growth in the region and enable the company to provide additional support for its customer base in Western Canada.

“We are excited to welcome the Plastics Plus team to the Piedmont family,” said Tyler Booth, president of Piedmont Plastics. “Expanding our presence in Western Canada will allow us to strategically grow our footprint in the region, while strengthening our relationships with our valued customers.”

IAPD Certificate
Programs
Logo

The IAPD University Certificate Programs give your employees the necessary tools to succeed in plastics distribution. The Performance Plastics Certificate Programs provide a foundation of knowledge about how plastics are made, the Excellence in Sales Certificate Level I Program for inside and outside sales teaches sales forces how to find and keep the RIGHT customers and the Excellence in Sales Level II intermediate program concentrates on correctly defining real-world problems and devising effective solutions for them. The Sustainability Certificate Course raises awareness of the environmental sustainability of performance plastics. IAPD is pleased to announce the latest graduates of these programs:

ScholarshipCorner
2022 IAPD Charitable Scholarship Recipients
Catherine Campo headshot
Catherine
Campo
Catherine is entering her freshman year at the University of North Carolina at Chapel Hill. She plans to major in chemistry and pursue a career as a scientific researcher. A member of the National Honor Society, she was also captain of her high school’s Winterguard and Colorguard programs and placed in the top 10 players of the tennis team. She held an officer position in the My School Vote Club and participated as a member in the Paws Club. Catherine is the daughter of Carl Campo, Jr., an employee of Piedmont Plastics. Her scholarship has been awarded from the Greg Berry Memorial Fund.
Kelly Campo headshot
Kelly
Campo
Kelly is entering her junior year at the University of Alabama in Huntsville. She is majoring in industrial and systems engineering and plans to be an engineer after she graduates. She is researching the value of model-based systems engineering. She is the Recruitment and Fundraising Chair for the college’s Women’s in Ultimate Frisbee Team, a member of the American Society of Civil Engineering and a member of the Society of Women Engineers. She is also a member of the Rocket City International Council on Systems Engineering Chapter and a member of the Institute of Industrial and Systems Engineers. Kelly is the daughter of Carl Campo, Jr., an employee of Piedmont Plastics.
Rebecca Jermolowicz headshot
Rebecca
Jermolowicz
Rebecca is entering her senior year at Grand Valley State University, MI, USA. She is majoring in psychology and plans to pursue a career as a Licensed Professional Counselor. She maintains her position on the Dean’s List and is a member of Psi Chi, the International Honor Society in Psychology. She is a research assistant at the Interpersonal Aggression Laboratory and volunteers for the Hunger and Homeless College Volunteer Organization and the Hearts for Heroes College Organization. Rebecca is the daughter of Michael Jermolowicz, an employee of Polymer Industries.
Kendall Lutz headshot
Kendall
Lutz
Kendall is entering her freshman year at Purdue University, IN, USA. She will be majoring in biomedical engineering and plans to become a dentist or an engineer. She was the president of her school’s National Honor Society and participated on the varsity teams for both cross country and the swim team. She was also the captain of her school’s Social Studies and Fine Arts Academic Teams. Kendall is the daughter of Mitch Lutz, an employee of SciCron Technologies Limited, LLC.
ScholarshipCorner
Thank You IAPD Scholarship Contributors

PATRONS — $5,000-$5,999

Cope Plastics, Inc. • Alton, IL, USA
SCHOLARS — $4,000 to $4,999
Atlanta Plastics Charity Golf Tournament • Atlanta, GA, USA
SUPPORTERS — $2,000 to $2,999
3A Composites USA, Inc. • Davidson, NC, USA

PlasticsWatch

Monthly Leasing and Finance Index new business up 16 percent
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the US$900 billion equipment finance sector, showed their overall new business volume for May was US$9.4 billion, up 16 percent year-over-year from new business volume in May 2021. Volume was down 10 percent from US$10.5 billion in May. Year-to-date, cumulative new business volume was up nearly 8 percent compared to 2021.

Receivables over 30 days were 1.6 percent, down from 2.1 percent the previous month and down from 1.9 percent in the same period in 2021. Charge-offs were 0.12 percent, up from 0.05 percent the previous month and down from 0.30 percent in the year-earlier period. Credit approvals totaled 76.8 percent, down from 77.4 percent in April. Total headcount for equipment finance companies was down 3.0 percent year-over-year. Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in June is 50.9, an increase from 49.6 in May.

REP BUSINESS
Exchange
Carter Wilson business card
Martino Marketing Group business card
The Tandem Group business card
KBA Inc Business Card
Alexander Industrial Sales, Inc
Harker & Associates Business Card
Jarret Plastics Inc. Business Card
Plastic Solutions business card
Carter Wilson business card
Martino Marketing Group Business Card
The Tandem Group Business Card
KBA Inc Business Card
Alexander Industrial Sales, Inc
Harker & Associates Business Card
Jarret Plastics Inc. Business Card
Plastic Solutions business card
Performance Plastics logo

Thanks for reading our August/September 2022 issue!