Unparalleled industry knowledge means better solutions for our plastics clients
The plastics industry team at Plante & Moran is noted for amassing, analyzing, and assimilating data on a range of factors affecting profitability from strategy planning to financial performance. For more than a decade, the team has conducted its hallmark North American Plastics Study, regarded as the most comprehensive and in-depth benchmarking survey in the industry.
You will appreciate our knowledge of the plastics industry
However, our team’s deep knowledge of the plastics and packaging industry and markets is not just based on numbers and statistics. You will appreciate the benefits of our hands-on experience working with 1,000 manufacturers, more than 200 of whom specialize in plastics.
Our clients’ processes include molding, extrusion, calendaring, color and additives, corrugation, raw materials/compounding, thermoforming, structural foam, and tool production. They sell around the world to sectors including automotive and transportation, building products and supplies, food and beverage, industrial and manufacturing, lawn and garden/horticultural, commercial packaging, medical, and pharmaceutical.
Develop tactics for greater profitability
Plastics manufacturers benefit directly from Plante & Moran’s broad-based experience. But we know each situation is unique and we always take the time to listen to your concerns and assess your unique situation - your products, your processes, your market. You can depend on us to help you understand how you compare to your competitors and to develop strategies based on your place in the market.
We can help you move toward greater profitability by improving operations and developing strategies to deal with rising materials costs. We can also help you and balance receivables and inventory with net equipment costs.
We can help you follow the best practices of successful plastics manufacturers that have favorable margins year after year because they manage overhead and exploit technical niches.
You can depend on our multidisciplinary team to help identify tax incentives and deductions as well as opportunities for operations improvement. We can also offer investment banking and transaction advisory services.
Guidance on investment issues
P&M Corporate Finance (PMCF), an affiliate entity, maintains a proprietary database that indexes plastics industry transactions in North America and around the world. The PMCF team is alert to breaking trends and market forces, making them effective advisors.
Plante & Moran plastics and packaging industry clients appreciate our proactive understanding of their business challenges and opportunities. It is one of the ways we meet their expectations of exceptional advice and service.
Also, because of Plante & Moran’s award-winning culture, we offer continuity of staff, resulting in more quality time devoted to your issues.
Plante & Moran is a member of the following plastics associations:
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?
Financial Statement Audit
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.
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.