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.
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.
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.
Brush Fibers, Inc. with offices in Arcola, Illinois, and San Antonio, Texas, has opened a new company located in Monterrey, Mexico. The new entity is called Fibras y Cepillos (translates to Brush Fibers in English) and will be under the supervision of Roberto Sixtos, who will be the general manager of Mexico operations.