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Plastics Manufacturing - Kansas (KS)

Like many industries over the past few years, plastics manufacturers in Kansas have faced several challenges while taking advantage of multiple opportunities.

For many plastic molding manufacturers, time is spent on minimizing unplanned downtime, managing material costs, addressing the skilled worker shortage and controlling process variations. One of the most significant issues facing the plastics industry is inflation. Not only is inflation driving up the cost of supplies, including resin, but it has sharply increased the cost of capital and reduced borrowing options.

Throw in external factors such as the pressure to re-shore, which requires additional investments in labor, equipment, and processes, and it’s clear your growth trajectory may look different this year.

When facing times of uncertainty, plastics manufacturers in Kansas must manage the variables they can control. Your relationship with your accounting firm is one of those factors.  Working with a certified public accounting (CPA) firm with the relevant technical expertise and experience in your industry will allow you to navigate tax liabilities, right-size your finance department’s structure with outsourcing and automation and present a solid financial picture for audit requirements and overall management decisions.

Plastics Manufacturing Experience – Kansas (KS)

Adams Brown, Strategic Allies, and CPAs is a certified public accounting firm serving the accounting, payroll, tax, audit, technology, managed IT, cybersecurity, business valuation, succession planning, estate planning, and wealth management needs of plastics industry companies.

To provide plastics accounting services to reduce your compliance burdens and achieve financial goals, our team works with plastics processors of all sizes throughout the country. This includes serving top plastics manufacturers in several sectors:

  • blow molding,
  • compression molding,
  • extrusion,
  • injection molding,
  • rotational molding,
  • thermoforming and vacuum forming.

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VALUATION CASE STUDY:
CENTRAL STATES MARKETING & MANUFACTURING

This case study explores the valuation and succession planning process for Central States Marketing and Manufacturing, a family-owned business in the custom plastic extrusion industry in McPherson, KS. As the founder, Chuck Singleton, approaches retirement, the need to transition the business to his sons, Zack and Tyler, becomes imminent. Facing the challenge of lacking a formal business valuation to guide the transition, the company engaged Adams Brown to perform an analysis.

PLASTICS MANUFACTURING SERVICES – KANSAS

 

  • Controller & CFO Services
  • Payroll
  • Tax Planning & Compliance
  • Audit & Assurance Services
  • Managed IT Services
  • Cybersecurity Consulting
  • Merger & Acquisition Consulting
  • Technology and vCIO Consulting
  • Business Valuation
  • Succession & Estate Planning
  • Wealth Management
  • Retirement Planning

Plastics Manufacturing in Kansas

Kansas Plastics ManufacturingThe plastics manufacturing industry in Kansas is a significant contributor to the state's economy. Kansas hosts several plastics manufacturing companies that produce various plastic products, including packaging materials, agricultural equipment components and industrial parts. While it may not be as extensive as in some larger states, the industry benefits from Kansas's central location and transportation infrastructure making it a strategic hub for regional distribution.

In recent years, there has been a growing awareness of environmental sustainability within the plastics manufacturing sector in Kansas. Efforts to reduce plastic waste and promote recycling have gained traction, aligning with broader national and global trends. As the industry in Kansas continues to evolve, there is a focus on adopting more eco-friendly practices to address environmental concerns while supporting economic growth within the state.

National Reach

We also provide services to plastics manufacturing companies in Arkansas (AR), California (CA), Georgia (GA), Illinois (IL), Indiana (IN), Kansas (KS), Ohio (OH), North Carolina (NC), Michigan (MI), Missouri (MO), Pennsylvania (PA), Texas (TX), and Wisconsin (WI).