by Jim Zinski, Novatec Increasing profits, satisfying customer demand and improving utilization of production floor space are all strong reasons to consider a new central resin conveying system. But what does that really mean? In basic terms, we're talking about automating the resin handling process. This includes getting the buckets, ladders, pallets, bags, manpower and … [Read more...] about Benefits of a Central Resin Conveying System
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Advantages of a Central Resin Drying System
by Mark Haynie, Novatec Central drying systems typically, but not always, are an integral part of a central conveying system. Central drying adds a new level of energy efficiency for processors because dryers can be moved off the production floor, and a single dryer is more efficient to operate than multiple dryers taking up space on the production floor. When a processor … [Read more...] about Advantages of a Central Resin Drying System
Efficiency vs. Effectiveness
by Dianna Brodine Plastics Business The annual MAPP Benchmarking and Best Practices Conference will take place October 15-17 in Indianapolis, IN. This processor-driven conference is well worth the time and money spent, with sessions and networking opportunities that focus on improving the way plastics companies do business. I've attended every conference since 2008 and am … [Read more...] about Efficiency vs. Effectiveness
US House Passes Bill to Increase and Make Permanent the R&D Tax Credit
by Michael J. Devereux II, Mueller Prost On May 20, The US House of Representatives passed H.R. 880, the American Research & Competitiveness Act of 2015, by a vote of 274-145. H.R. 880 makes permanent the Alternative Simplified Credit (ASC) for calculating the Credit for Increasing Research Activities, and it increase the ASC credit amount to 20 percent of the research … [Read more...] about US House Passes Bill to Increase and Make Permanent the R&D Tax Credit
US Treasury Simplifies Claiming the R&D Tax Credit for Plastics Manufacturers
by Michael J. Devereux II, Mueller Prost On June 3, 2014, the US Treasury proposed regulations indicating that the IRS will now begin allowing taxpayers to claim the Alternative Simplified Credit (ASC) on amended tax returns if the taxpayer had not claimed the research credit on its original tax return. For taxpayers not claiming the credit in prior years, this development can … [Read more...] about US Treasury Simplifies Claiming the R&D Tax Credit for Plastics Manufacturers