Multiple Factors Contributing to Pallet Nail Market Stress, Price Increases - Apr 6, 2018
There are several reasons for price increases such as freight increases, growth for construction nails, wire rod price escalation, reduction in capacity from foreign mills, trade duties and tariffs, U.S. dollar weakening, and general improved economic activity.; ORBIS® Corp. Acquires Response Packaging: With the intent to broaden its packaging solutions, ORBIS® Corp., a leader in reusable plastic packaging, has bought the company, which specializes in custom packaging, headquartered in Piedmont, South Carolina.; UFPI Signs Agreement to Acquire Certain Assets of North American Container Corporation: This acquisition will allow Universal to enhance capacity and expand into geographic areas identified as opportunities for growth, including South Carolina and Tennessee and offer existing and targeted customers additional solutions for packaging and crating needs.; News Brief: According to a news story by Lima News, U.S. Senator Rob Portman (R-Ohio) recently visited Lima Pallet in a tour to review the impact of the recent federal tax cut package.
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