Industry News

FEIBP Delays 62nd Congress to 2022

The European Brushware Federation officially announced the pushback of the 62nd FEIBP Congress to September 21-24, 2022. In the announcement, the FEIBP says, “… the industry might be in a relatively stable situation as it concerns the customer markets, but it is facing unprecedented turmoil on the raw materials markets and transport disruption. The emphasis has changed although the impact of COVID-19 continues our businesses and daily life. No one knows when things are getting back to normal, with lockdown measures tightened in many European countries. Vaccination processes make slow progress and the virus is still not under control.”

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Precision Brush Makes Mark On the World of NFT Collectibles

 

Precision Brush was the very first industrial brush manufacturer to begin accepting payment in cryptocurrencies like bitcoin, ethereum and litecoin. Now the company is breaking molds once again and propelling the industry into the future by creating the world’s first industrial brush NFT.  The above artwork “Brush Happiness” is now for sale by auction ending May 26, 2021, at midnight.

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Modern ERP Launchpad for Growth

By Lisa Anderson

If you don’t have a modern enterprise resource planning (ERP) system, your growth prospects will be limited in comparison to your competition. It didn’t use to be as important; however, according to KPMG, for the majority of US CEOs, the pandemic has meant an acceleration of digital transformation by months or even years. Although there are several technologies considered a priority, modernizing and upgrading ERP is a cornerstone launchpad for growth. Clients and colleagues are seeing the critical importance of not only having a central database for performing business transactions but also one that enables a superior customer experience.

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FEIBP Releases New Quarterly Report

Home market sales for Q1 2021 compared to Q1 2020

The FEIBP recently launched its first quarterly market research report covering current brushware industry trends. The report is based on survey results from 36 completed responses out of 292 European companies invited to participate.

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PA66 and PBT Raw Materials Shortages

Tai Hing Nylon is reporting PA66 and PBT raw materials, which are already at record highs, continue to see prices on the rise. Suppliers have limited supply and that scenario is expected to continue for the next three months.

Tai Hing previously reported that PA66 raw materials had increased by more than 30% at the end of November 2020. Due to the lack of upstream raw materials and price increases, most manufacturers with the limited PA66 have suspended new orders. Price increases are expected to last until May 2021. The notice of force majeure around the Chinese Spring Festival for the upstream manufacturers led to the continued lack of supply and increase in cost.

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Jack Bernacki Awarded 2021 ABMA Scholarship

The ABMA Foundation awarded the 2021 Kathy K. Parr Scholarship for $2,500 to Miami (Ohio) University student Jack Bernacki who plans to use the money to defray tuition expenses. The foundation made the scholarship decision at their board meeting held on March 11, 2021.

The ABMA Foundation is the charitable arm of the American Brush Manufacturers Association. As the brushware industry’s premier philanthropic and charitable organization, the ABMA Foundation is a catalyst for uniting people and organizations to make a difference through better education and opportunity. The foundation secures contributions and provides grants for sustainable programs in research, education and assistance for our industry associates and their families in need.

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Wooster Brush Claims Innovation Award

The Wooster Brush Company Shortcut Hook and Hold Angle Sash Paintbrush is the 2021 winner of the ABMA William A. Cordes Innovation Excellence Award. The “Willie” as it is known in the industry, is given to recognize outstanding innovation of manufactured products, components or services in the Brush, Broom, Mop and Roller Industry. The award is named after William Cordes, who served as the association’s first president from 1917-1928.

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MAR/APR 2021

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