The plastics industry is grounded in innovation. Plastics manufacturers, regardless of size, are continually looking for ways to improve existing processes and products and to develop new ones. The questions is: Are you getting the tax credits you deserve for your research and development activities?
Does your auditor consistently help you save money? Plante & Moran believes that a financial statement audit for a plastics manufacturer is not complete until it provides options to improve the company’s financial position.
The Plante & Moran plastics team, led by noted industry analyst Jeff Mengel, offers a comprehensive, two-day check-up and competitive analysis for plastics manufacturers that includes a walk-through of your facility and benchmarking your company to our data on more than 275 plastics facilities. This data is always current because we conduct the North American Plastics Industry study each year.
Plante & Moran has access to unrivaled benchmark data and performance metrics that we bring to our clients through ongoing communication. Our industry research includes our annual benchmarking study of the North American Plastics Industry, which has served as the eminent benchmarking study of the plastics industry since 1995. The study measures key performance indicators in areas such as strategy and marketing, financial performance, human resources, and operations.
Our proven lean manufacturing techniques help plastics manufacturers use manpower, inventory, and time more effectively for overall operations improvement while at the same time becoming more responsive to customer demand and maintaining or improving quality.
Our financial and operational restructuring specialists at Plante & Moran have unparalleled knowledge of the plastics industry and extensive hands-on knowledge. We can quickly determine when it is possible to get a company back in the profitable column and when it is wise to liquidate. Let us help you take a serious look at restructuring your operations.
The plastics industry and strategy planning experts at Plante & Moran can help you develop a successful strategy based on solid knowledge of the industry and your place in it. Our strategic planning services team will develop a competitive profile of your company by comparing it to other plastics manufacturers in key areas like production volumes, value per unit of sales, pricing and payment issues, operational data, human resources statistics, and financial performance.
If your plastics manufacturing company has growth plans that call for new financing or raising capital, our plastics industry financial services and transaction advisory support team can help you meet your goals. If a strategic alliance or joint venture fits better with your plans, you can benefit from our deep experience advising other plastics manufacturers in similar situations.
