plastics industry at a glance

From sophisticated automotive modules to life-saving medical equipment and household products to children's toys, plastic molding and moldmaking is now a leading industry around the globe.

Plante & Moran’s plastic industry team understands the importance of this industry and has developed a focused financial and business management approach specifically for plastic molders and moldmakers. Serving more than 220 plastics companies, we help plastics industry clients tackle key strategic, financial, and operatonal issues including:

• Compressed earnings performance resulting from customers’ predatory pricing practices
• Excess capacity in the industry
• Losing business to foreign competition with decreased prices
• Reintegration of systems integrators
• Additional engineering and supply chain responsibilities formerly managed by customers
• Lack of knowledge/success regarding implementation / integration of technology with shop-floor and core business processes
• A need to increase efficiency of processes and programs
• Forthcoming growth or succession of the business