1750 K Street, NW
Suite 700
Washington, DC 20006
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CCTI Annual Meeting in Dallas/Ft. Worth on
May 19-21, 2019
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Your annual membership provides you with an array of opportunities that you should take advantage of:
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Discounts on annual meetings, education sessions
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Access to the CCTI resource library
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Discounts on job postings
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Access to the Online Member Directory
Or call: 703.823.7234
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Please mark your calendar and plan to attend the CCTI Annual Meeting in Dallas/Ft. Worth, Texas on May 19-21, 2019. We have several exciting things planned! Highlights will include a plant tour, social networking and several educational sessions. We hope you'll bring additional staff and guests to enjoy this annual industry gathering.
Remember, a benefit of your CCTI company membership is the opportunity to include additional employee names to receive the CanTube Bulletin and bring them to meetings at the member discounted rate. We encourage you to utilize these benefits. Please contact the office with any additional names to include on our e-distribution list.
Additionally, we have set the 2019 Fall Meeting in Las Vegas on September 26-27, immediately following Pack Expo. We have special room rates at the Las Vegas Marriott near the convention center that will be valid during the show also. Mark your calendars to attend and watch for more information later this summer.
Lastly, in addition to an active Technical Committee, the CCTI board of directors has appointed committees to update the Guarding and Safety Manual and are also exploring an opportunity for an industry certification program for tube and core plants. If you would like to participate in any of these committees, please email
[email protected] and we will connect you with the committee chairmen.
We appreciate your continued commitment to the industry. If any of our staff members can be of assistance to you please do not hesitate to call or email me.
Best,
Andrea Ball
Executive Director
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Amspak American Spool & Packaging, Inc
Tifini Stafford, President
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Tifini Ridgeway Stafford |
Tifini Stafford's dad was an entrepreneur.
In 1966, he opened his own business selling packaging materials. During the Vietnam War, he was approached by a large local company about the prospect of manufacturing paper spools for detonating cord. American Spool & Packaging (Amspak) was born.
Larry Ridgeway took a risk, went through the motions of uncertainty and stress, worked tirelessly to support both his family and his business, grew his customer base, hired other employees, expanded both products and services, and was ultimately accountable for
his own success.
If you asked him what he did for a living,
however, he wouldn't have told you that he's an entrepreneur. He would have said, he was a "salesman". If you asked him about being his
own boss, he would have said, "When you have your own business, you're not the boss. You're
an employee."
But in Tifini's eyes he was most definitely an entrepreneur, at least according to the definition you get from a quick Google search: An entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Like my dad, many small business owners don't embrace their identity as "entrepreneurs". On the other hand, you probably know someone who wears the title with pride. I am that someone. As my father's daughter, and because, I am a woman."
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Are you a CCTI member? Share your company news with the industry in our newsletter and on our website as a member benefit. We want to tell your story!
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ECONOMICS NEWS
Manufacturing Capacity Utilization Rises to Best Reading in Four Years
- Manufacturing production rebounded strongly in December after some softness in the prior three months, jumping 1.1 percent for the month. Over the past 12 months, manufacturing production has risen 3.2 percent. More importantly, manufacturing capacity utilization soared from 75.8 percent in November to 76.5 percent in December, the best reading since November 2014.
- Meanwhile, total industrial production rose 0.3 percent in December, inching down a bit from the 0.4 percent gain in November. On a year-over-year basis, industrial production has risen 4.0 percent-a solid reading-and total capacity utilization edged up from 78.6 percent to 78.7 percent, which was the highest since January 2015.
- The regional data out last week for January manufacturing activity from the New York and Philadelphia Federal Reserve Banks provided mixed news. In the Empire State Manufacturing Survey, respondents noted the slowest pace of growth since May 2017, with new orders, shipments and employment softening. In contrast, the Philadelphia Federal Reserve report reflected activity that rebounded in January from weaknesses in December. The good news is that manufacturers in both districts felt positive in their outlook for the next six months.
- Those surveys also noted stabilizing raw material costs. This was further supported by the latest producer price index data, which declined 0.2 percent in December, largely on reduced energy costs. Excluding food, energy and trade services, core inflation for goods inched up 0.1 percent in December.
- Over the past 12 months, producer prices for final demand goods and services have risen 2.4 percent, or 2.8 percent year-over-year with food, energy and trade services excluded. As such, core pricing pressures remain elevated, especially relative to what firms had become accustomed to, but on the positive side, these costs appear to have stabilized for the time being.
- New data on housing starts and retail sales were not released on schedule due to the partial government shutdown. With that said, several economic anxieties led consumer sentiment sharply lower in preliminary University of Michigan survey data, down to the lowest point since October 2016.
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INDUSTRY NEWS
US Industrial Production up 0.3% in 2018
Industrial production increased 0.3 percent in December after rising 0.4 percent in November. For the fourth quarter as a whole, total industrial production moved up at an annual rate of 3.8 percent. In December, manufacturing output increased 1.1 percent, its largest gain since February 2018. The output of mines rose 1.5 percent, but the index for utilities fell 6.3 percent, as warmer-than-usual temperatures lowered the demand for heating. At 109.9 percent of its 2012 average, total industrial production was 4.0 percent higher in December than it was a year earlier. Capacity utilization for the industrial sector rose 0.1 percentage point in December to 78.7 percent, a rate that is 1.1 percentage points below its long-run (1972-2017) average.
Market Groups
The major market groups posted broad-based gains in December, though consumer energy products, business supplies, and energy materials all recorded decreases because of the drop in the output of utilities.
Durable consumer goods posted the largest gain among the major non-energy market groups, nearly 23/4 percent, followed by a gain of about 21/4 percent for defense and space equipment and an increase of almost 11/2 percent for construction supplies. The indexes for non-energy materials and for non-energy nondurable consumer goods rose nearly 1 percent, while the index for business equipment moved up 1/2 percent.
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INDUSTRY NEWS
Coming off $90 December NBSK drop for China, stock bulge, steeper pricing declines are expected this month
North American pulp industry producers hobbled into the New Year 2019 amid steep price declines in US spot markets, plummeting demand and prices in China, and the highest inventory level ever recorded on a tonnage basis. Now, after a relatively soft $5-15/tonne drop in US bleached softwood kraft (BSK) effective list prices, buyers are expected to pressure for bigger drops in January.
US northern bleached softwood kraft (NBSK) effective list prices closed December at $1,430/tonne, down $5/tonne after buyers and sellers reported broadly different price levels. However, spot NBSK prices fell a sharper $30/tonne month-over-month through mid-December, and anecdotal quotes over the holidays came in lower than the $870-910/tonne net recorded on Dec. 14.
This month, buyers who didn't mount a fight on list prices in December said they'll push for bigger drops for January.
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GREAT INVESTMENT OPPORTUNITY
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YOU NEED TO ADVERTISE WITH CCTI!
The CanTube Bulletin offers an excellent marketing opp
ortunity for companies in the tube, core and composite can industry.
The CTB is published online on a monthly basis. and our distribution list consists of all CCTI members and their employees.
Monthly ads are $50 or an annual commitment is $500 for 12 issues. For more information call the office or email us at [email protected]
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