Plastics News recently described 2016 as the “calm before the storm.” They were talking to U.S. polyethylene producers, of course, with whom as much as 6 billion additional pounds of polyethylene capacity are slated to come on line this year and next. Nearly 30 other domestic polyethylene production expansions are also on the table. For those of us on the other side, it is reassuring news indeed.
The Institute for Supply Management reported modest expansion in U.S. production and orders for the summer months. This is consistent with the positive comments you’ve shared with us. The industrial packaging business is improving, albeit gradually, as overbuilt inventories begin to recede.
Those modest demand increases have been more than enough to tighten domestic raw material inventories – even as lower crude oil prices slow exports. As quickly as we saw a hint of resin cost decreases, the market snatched them back and then some. Still, we enter the fall months well positioned to mitigate the cost increases coming your way. You’ll find no increases in our September stock item catalog.
Our recent addition of custom Lip & Tape Bags and custom colored Zip Top Reclosables has generated a lot of good conversations. Of course, only Laddawn.com lets you quote custom-sourced items as easily as custom-manufactured. Sourcing with Laddawn is just faster. If you haven’t looked to Laddawn.com recently for your custom needs, log on and take a fresh look.
You’ve also told us that our selection of High Density Coreless Liners is spot on and pricing for the entire category is now more competitive than ever. Even those of you with contracted partnerships elsewhere are finding us to be the perfect solution for smaller orders shipped direct, fill-ins and odd size requests. Thank you for this new business.
Finally, you’ll find nearly 400 employees at Laddawn today. Their commitment to personal and company achievement has produced incredible results. This month, we celebrate 41 who’ve hit milestones in their careers with us. Please enjoy this catalog’s Anniversary Celebration insert – a fun tribute to our remarkable teammates.
On behalf of all of us in Atlanta, Boston, Cedar Rapids, Dallas and Reno, thank you for your business.
Ladd & Dawn