Category: News

IoPP’s 2019 Salary Survey: Youth optimistic on salary

Earlier this year, MBS partnered with the Institute of Packaging Professionals (IoPP) in a salary survey focused solely on individuals in the packaging industry. The results were strongly optimistic for young people in this sector. Though the demographics skew younger and less experienced than in previous years, optimism about the expectation to earn more than last year is stronger among those responding in 2019 than it was for those responding in 2018. Raises are correlated to age, with those at... more

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How did I miss it?

National Adirondack day! The first national celebration of the Adirondack chair was June 21st. The iconic chair dates to 1903, and its design is all American. The proclamation of National Adirondack day was declared this year by Adams Manufacturing, a producer of durable, useful outdoor furniture made of plastic. Let’s prevent such a mental lapse in the future. Mark your calendar now for other notable celebration days upcoming in the next few weeks. July 6: National Fried Chicken Day July... more

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Paycheck plus

How much do you earn at your current job? Okay, that’s the number. Now, add $8,850. (Do you feel better?) The value of an average employee benefits package in the plastics industry is $8,850 per employee, according to survey results from MAPP and ARPM. The components may include employer contributions toward health, vision, dental, and life insurance, 401(k) contributions…some offer childcare, legal assistance or fitness coaching! Read more about your $8,850 in this article from Plastics Business, written by Ashley... more

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2019 PLASTICS SALARY SURVEY RESULTS ARE IN

FLORENCE, MASSACHUSETTS, April 29, 2019 – Compensation of professionals in the plastics industry posted another healthy gain last year, according to the 2019 Plastics Salary Survey conducted jointly by SPE-Inspiring Plastics Professionals and MBS Advisors. This year’s participants reported their base salaries at an average of $106,354 and their total compensation (including performance incentives) as $134,229. Those numbers are greater than 5% and 12% respectively from the previous year’s survey result. A total of 1,439 plastics industry participants contributed their... more

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In the money

Last year, we predicted workers in 2018 would see compensation increases. Did it happen? YES! The initial results are in, and our salary survey shows that most of you earned more money in 2018 than in the previous year. We will have additional information for you soon. The 2019 Plastics Salary and Trends Survey is co-produced by MBS Advisors and SPE-Inspiring Plastics Professionals.

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Year of the Raise…or Not?

Last year, we predicted workers in 2018 would see compensation increases. Did it happen? You won’t know unless you participate! Click the link below to participate in the 2019 Plastics Salary and Trends Survey. Take the Survey Co-produced by MBS Advisors and SPE-Inspiring Plastics Professionals.

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Save Our Seas Act of 2018

The newly passed Save Our Seas Act of 2018 reauthorizes the National Oceanic and Atmospheric Administration’s Marine Debris Program and calls for the U.S. government’s help in supporting international waste management solutions to reduce marine debris. According to the Plastics Industry Association, “the bill will help reduce the amount of waste in the ocean and promote recycling in developing nations.” “While marine debris is a huge problem, it’s also a solvable one,” said Cal Dooley, President and CEO of the American Chemistry... more

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MBS Advises TomKen in Recent Acquisition

Muncie, IN – October 2018 – TomKen Plastic Technologies, Inc. of Muncie, IN has been acquired by Canadian manufacturer QMI Group of Lakeshore, Ontario. TomKen President Bruce Carmichael was upbeat about the deal and had this to say: “I’m excited for the company to have a good future. QMI wants to stay [in Muncie] and grow here.” QMI COO Boris Garvic said that he “felt the team at TomKen was very strong.” He also said there was zero overlap between the two... more

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