Pallet and pooling news briefs
Netherlands-based Palletcentrale Group BV has acquired Hergé Pallets, located in Oudkarspel, Netherlands.
Hergé Pallets has been independently active for many years in the purchase and sale of used pallets. The company’s activities are now housed at Palletcentrale Noord Holland. This part of the Palletcentrale Group is very conveniently situated logistically along the A7 at Agriport business park in Middenmeer. The activities of Hergé fit seamlessly with the operations of Palletcentrale Noord Holland.
Through this acquisition, the Palletcentrale wants to further expand its leading market position in the North Holland region.
“Expansion, growth and optimal logistics processes are important themes in the contemporary pallet industry. We currently have 5 locations and we are the market leader in the Benelux in the area of used and new pallets, “says commercial director Frank Bennemeer.
The company is celebrating its 50th anniversary this year, with its headquarters in Moerdijk, Netherlands. The company also has branches in Helmond, Middenmeer, Sas van Gent and Rotterdam. The Palletcentrale Group sells 6 million pallets per year in the Benelux.
Paper Pallet Market to Reach $710 Million by 2025
According to a recently released report, Europe is the leading market for paper pallets, accounting for about 32% of global sales in 2018. It is followed by North America at almost 30% of the market. The report states that paper pallet sales generated $US 620 million globally in 2018 and will reach $US 710 by 2025. The fastest rate of growth will take place in China, Japan, India, and Southeast Asia.
Greystone Logistics Reports 1Q 2020 Financial Results
Tulsa, OK, Nov. 05, 2019 – Tulsa-based Greystone Logistics, Inc. reports record quarterly sales for the first quarter of the fiscal year 2020.
Sales for the three months ended August 31, 2019, were $18,664,509 compared to $18,206,110 for the three months ended August 31, 2018, for an increase of $458,399. Greystone’s sales to major customers in the quarter ended August 31, 2019, were 87% of sales compared to 84% in the same period last year. Greystone’s net income was $619,299 in the three months ended August 31, 2019, compared to $764,908 in the same period last year. Greystone recorded net income available to common stockholders for the current quarter of $442,250, or $.02 per share, compared to $601,388, or $0.02 per share, in the same period last year. EBITDA for current quarter of fiscal year 2020 was $2,589,178 compared to $2,562,139.
“Sales during the first quarter of the fiscal year 2020 were slightly ahead of the prior year pace”, stated CEO Warren Kruger. Kruger continued, “Sales to the pallet pooling company increased 43% over the prior period while one of our major customers rescheduled pallet shipments originally intended for the first quarter of the current year under an existing purchase order until later in the year. We anticipate record sales again for the year.
“Our quest to improve profit margins showed progress during this first quarter of the current year. We are focusing on margin management in four areas – 1) More throughput on existing machines; 2) Lower raw material costs by processing more material in-house as opposed to outsourcing; 3) More efficiency for our great employees with automation; 4) Less machine downtime.”
A software program that controls the injection flow of plastic resin into molds and can control pressure changes in nano-seconds was installed on two machines and has resulted in substantial increases in pallet production. The software and related hardware have been ordered for installation on the other machines. Reductions in machine downtime have also shown improvement although during the quarter we had to retire one of the older pieces of equipment. This machine will be replaced in the first few months of the calendar year 2020 with a large tonnage equipment line. Robot installation remains behind schedule and we are pushing hard for completion as we continue to push for more automation in our operation.”
Ray Crane Promoted to Vice President of Operations at Peli BioThermal
Peli BioThermal, leading global provider of temperature-controlled packaging, officially announced the appointment of Ray Crane as vice president of operations. Until this appointment, he served as director of operations, EMEA, at Peli Biothermal. Crane brings many years of manufacturing operations, supply chain and engineering experience to his new role within the company.
David Williams, president of Peli BioThermal, said, “Ray continues to play a pivotal part as a member of the BioThermal division’s senior management team focusing on our global operations. Throughout his management career, Ray’s focus has been on delivering the highest standards of product quality with excellent customer service levels. He continuously challenges and reduces costs, along with improving operational efficiencies and effectiveness through the development of individuals, teams, and organizations.”
Before joining the BioThermal division, Crane served as director of operations for Peli Products. Prior to that, he held various operational leadership positions in a range of industries, including high volume disposable medical devices, plastic packaging for food industries and consumer electronics equipment.
Visit www.pelibiothermal.com to learn more about the wide range of Peli BioThermal products and offerings.
Peli BioThermal is a division of Peli Products, S.L.U., which is the European arm of Pelican Products, Inc., a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.
Paxxal Inc. Names Richard San Martin Chief Operating Officer
Noblesville, IN –Paxxal Inc., an innovative provider of shipping platforms, has announced the appointment of Richard N. San Martin as Chief Operating Officer effective October 21, 2019. San Martin will report to Ben Stoller, Chief Executive Officer and Executive Managing Member of Paxxal, and will have global responsibility for manufacturing, logistics and operational activities.
“Rick’s unique blend of over 35 years of manufacturing, business development, operational and financial experience in the plastic/composite pallet industry, at Anheuser Busch and Cott Corporation, is extraordinary and will enhance our team tremendously. We are extremely pleased to have him join our executive team moving forward,” said Stoller. “He has extensive knowledge and a proven track record in developing, implementing and executing in all functional areas of manufacturing, including new plant start-ups.”
San Martin brings more than three decades of manufacturing, operational and business development expertise to the role, most recently serving as Executive Vice President of Operations, Logistics and Business Development at RM2 USA, North America’s largest composite “Smart Pallet” shipping platform rental company. Prior to his 7 years at RM2, San Martin was the Senior Vice President of Manufacturing, Logistics and Operations at iGPS, the world’s largest plastic pallet rental company. He has fostered key relationships with Fortune 500 Companies globally in the manufacturing, supply chain and the plastic/composite pallet industry.
Before RM2 & iGPS, San Martin spent 13 years as Senior Vice President, of Supply Chain, Manufacturing and Operations at Cott Corporation, one of the world’s largest beverage companies producing store brand products for many leading retail channels globally. At Cott, he reorganized North American manufacturing and operations, introduced Lean Six Sigma and led the manufacturing supply chain organization to record levels. He started his career at Anheuser Busch, where he held various positions in all functional areas of plant manufacturing for over 19 years, rising to Group Manager in Beer Packaging and Shipping.
Paxxal is a platform company that specializes in logistics-related products and services in the supply chain sector. Its portfolio consists of three main divisions Industries, Logistics, and Analytics. More information on Paxxal is available at www.paxxal.com.
NWPCA Releases PALLET DESIGN SYSTEM™ 6.0
Ground-breaking unit load design tool minimizes damage, maximizes profit
ALEXANDRIA VA – The National Wooden Pallet & Container Association (NWPCA) recently released PDS 6.0, the most advanced software tool in the world that considers the interactions between a flexible wood pallet and corrugated boxes. The tool uses world-leading science and modeling that allows pallet designers to prevent cargo damage, while optimizing cost and material efficiency.
“Unit Load for Boxes takes technology normally associated with space flight, race cars, and jet engines and uses it to gain insight into wooden pallet and unit load design,” commented Kristen DeLack, PE, PDS structural engineer.
“We’re excited to take all this know-how and put it into the hands of wooden pallet manufacturers,” added Brent McClendon, NWPCA President and CEO.
Jordan Piland, NWPCA’s Board Chair said, “Expect to see more from the PDS development team for 2020. PDS 6.0 Unit Load for Boxes is just the first installment of system-level unit load design and analysis tools in PDS; drums, plastic pails, and sheet goods will follow.” Piland added, “NWPCA and The Pallet Foundation investments, totaling nearly $1.5 million over the next two years, advance our industry and benefit each of our companies, making PDS the international language for pallet design.”
For more information on Pallet Design System™ 6.0, read the detailed product release.
Japan Government Policy Drives Increased Pallet Usage
One reader reports:
“By the way, in Japan demand of pallets are increasing significantly with tailwinds of government policy so-called “HATARAKIKATA-KAIKAKU (Reform of working style)” and Logistics Policy which motivates the relevant industries to implement pallets more and more, so to eliminate manual labor.”
One Way Solutions 6-Runner Pallet Offers Heavy Duty Performance at Light Duty Pricing
Chicago, IL – When considering your options for shipping heavy products, check out the new 6-runner rackable and stackable pallet from One Way Solutions. Manufactured in Michigan, this mid duty plastic pallet has 6 runners permanently attached to the base, increasing its strength, stability and stackable surface area. This 40 x 48 USA made pallet weighs only 31 lbs, is high-pressure injection molded with high quality recycled HDPE resin, and has a 4,000 lb dynamic capacity, offering heavy duty class performance characteristics at light duty pricing.
This pallet will maintain its strength and durability because of the quality of its components:
- Tapered edges assist fork tine entry and assist splitting a pallet off a nested stack.
- The pallet deck perimeter is reinforced with extra ribs to increase impact resistance.
The 4-way entry is compatible with nearly all fork trucks and hand trucks. The open deck design allows for easy handling and cleaning. A superior nesting ratio allows 540 pallets to fit in a 53’ truck, optimizing freight density and significantly reducing the per pallet shipping costs.
The product is available for immediate shipment on the One Way Solutions website and will ship out next day.
Brepal Rebrands as EPAL UK & Ireland
EPAL has been working hard to unify its brand across all countries, to ensure customers and licensees can always expect a consistent high standard of presentation which is inline with the values of the EPAL brand.
To this end, the UK and Irish office of EPAL will no longer be known as ‘Brepal‘ but rather EPAL UK & Ireland. As of 13th August 2019 the new email address will be firstname.lastname@example.org, reports Felicity Smith, National Secretary for EPAL UK & Ireland.
PolyOne Introduces Excelite™ IM Chemical Foaming additives for Injection Molding
CLEVELAND – August 5, 2019 – PolyOne has announced the availability of ColorMatrix™ Excelite™ IM chemical foaming additives (CFAs), formulated specifically for injection molding applications.
As a complement to PolyOne’s liquid Excelite CFA portfolio for extrusion, new Excelite IM CFAs are engineered for a wide range of injection molded polymers, including olefins, PVC, polystyrene, PC/ABS, and high-heat materials.
Excelite IM consists of a fully endothermic concentration that improves dispersion over conventional CFAs for enhanced performance and efficacy. With Excelite IM, processors can achieve density reductions, smoother surface finishes, and notably reduced sink marks resulting in lower scrap rates and higher productivity.
“Excelite IM provides our injection molding customers with process efficiencies and quality improvements that help them differentiate and reduce costs, while reinforcing our proven track record in foaming technologies for weight and density reduction,” says Will Nordloh, general manager, ColorMatrix North America with PolyOne. “We’re also directly addressing customer needs and market trends for sustainability and lightweighting.”
New Excelite IM chemical foaming additives are suitable for use in automotive, construction, commercial, personal care packaging or structural foamed applications. Specific grades are also available to meet food contact requirements.
Greystone Logistics Announces $6.8 Million Contract
TULSA, OK, Aug. 05, 2019 – Greystone Logistics, Inc. recently signed a $6.8 million purchase order with a national food and agribusiness company for the manufacture and delivery of plastic pallets over the next 12 months.
“Greystone’s 100% recycled plastic pallet with innovative cold storage additives provided a solution for our new customer eliminating the constant problem of broken wooden pallets and inconsistencies in sizes within their automated facilities,” stated Warren Kruger, CEO. “This new purchase order of our market-proven pallet adds substantially to our volume over the next 12 months. Our team worked diligently during the testing phase to ensure the customer’s satisfaction. The Greystone 100% recycled pallet design was chosen for the ability to withstand blast freezer environments, recyclability, long life cycle, substantial racking strength and tremendous coefficient of friction.”
Greystone Logistics is a “Green” manufacturing company that recycles plastic and designs, manufactures and markets high-quality 100% recycled plastic pallets that provide logistical solutions needed by a wide range of industries such as food and beverage, agricultural, automotive, chemical, consumer products, and pharmaceutical. The Company’s technology, including its proprietary blend of recycled plastic resins used in the injection molding equipment and patented pallet designs, allows the production of high-quality pallets quickly and at lower costs than many processes. The recycled plastic for its pallets helps control material costs while reducing environmental waste and provides cost advantages over users of virgin resin.
Update: Pallite to Close Crowdcube Round With More Than £1.2 Million in Funding
PALLITE, a UK-based designer and manufacturer of pallets and shipping crates, is set to close its equity crowdfunding campaign on Crowdcube with more than £1.2 million in funding. The campaign made its debut last month, originally seeking £1 million. It has attracted nearly 780 investors. The company is offering 12.57% in equity at an £8,501,604 pre-money valuation. Read more.
RM2 International Contract Extended And Plans USD6 Million Placing
RM2 International SA on Tuesday said is North American contract has been extended and it intends to raise up to USD6.0 million from a 300.0 million share placing priced a USD0.02 per share. The placing is conditional and requires shareholder approval, which the smart pallet company hopes to obtain during a general meeting at the end of July. Also discussed is a deployment of 150,000 pallets by a Fortune 500 company and a transaction of a similar scale in Mexico. Read more.
RM2: Suspension of Trading on AIM
RM2 trading on AIM has been suspended, as discussed by the pallet company in this July 1 announcement:
Further to the Company’s announcement on 26 June 2019, the Company confirms that it has not been able to publish, and post to shareholders, its audited annual report and accounts for the year ended 31 December 2018 (the “Accounts”) by 30 June 2019 as required by Rule 19 of the AIM Rules for Companies (the “AIM Rules”).
The Company continues discussions with potential lenders to the Company; securing such funding being a necessary part of finalising and publishing the Accounts. Please refer to the Company’s 26 June 2019 announcement for an update on the Company’s trading and financial position. The Company continues discussions with the multinational referenced in the announcement.
Dealings in the Company’s ordinary shares will, therefore, be temporarily suspended under AIM Rule 40 from 7.30 a.m. today until such time as the Accounts have been duly published in compliance with AIM Rule 19. Notwithstanding the temporary suspension of trading in the Company’s ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement under the AIM Rules.
RM2 International Shares Plunge 70% On News Of Delayed Accounts
RM2 International SA on Wednesday said there is a strong likelihood it will be unable to publish its 2018 accounts by the end of June and expects its shares will be temporarily suspended as a result.
Shares in RM2 plummeted 73% to 7.44 pence in reaction to the announcement. Read more.
PALLITE Secures More Than £620,000 First Week of Crowdfunding on Crowdcube
PALLITE, a UK-based designer and manufacturer of pallets and shipping crates, has secured £1,036,960 funding in the first two weeks of equity crowdfunding on Crowdcube. This represents 103% of the overall target of £1 million funding target. The company is currently offering 10.52% equity at an £8,501,604 pre-money valuation.
New European Headquarters for Q_Pall Plastic Pallets
The construction of Q-Pall’s new headquarters has begun. The new location in Veghel is located along the A50 and is expected to be done by the end of this year. The new building will house both the new European headquarters and a new industrial hall. Q-Pall is one of the global market leaders in the field of plastic pallets. The new location is necessary to be able to further expand this company, which was founded in 2005, and also offers good opportunities for Corporate Social Responsibility (CSR), which is especially important to Q-Pall. Read more.
LPR’s continuing success leads to senior appointment
The European pallet-pooling specialist, LPR-La Palette Rouge, a Division of Euro Pool Group, is continuing its growth with the appointment of a new Regional Manager for its South Europe subsidiary located in Madrid (SP).
Javier Dominguez has been appointed Regional Manager South Europe, and will be based in Madrid. Javier will help drive the commercial development and operational excellence of the business in LPR Spain and Portugal.
Javier brings more than 20 years experience, predominantly in the international food retail sector and in pallet pooling as Commercial Director and General Manager.
Javier said: “This is an exciting time to join LPR. My aim is to deliver a complete, optimum, pallet solution to our clients – that makes a real difference to their supply chain, and ultimately their bottom line. I want to add value to manufacturer and retailer operations and help them to sell more and be more efficient and sustainable. These are key objectives for LPR.”
EPAL goes India
First EPAL licensee for producing CP pallets in India
Düsseldorf, May 22, 2019 – Since 1st May 2019, EPAL has had its first licensee for producing CP pallets on the Indian subcontinent. The producer of wooden pallets and box pallets applied to also assemble CP pallets as well as to produce and repair EPAL Euro pallets.
EPAL’s newest licensee is located in the state of Maharashtra, in the Taloja region, not far from the cities of Mumbai and Navi Mumbai. Both of these are important economic centers for the chemicals and petrochemicals industries, for the production of pharmaceuticals and for engineering.
Large, international companies with a high demand for ISPM 15-treated quality pallets for export, are well represented in the region. “The demand for EPAL pallets has grown enormously in the past few years, so it was a logical extension for us to include EPAL products in our range”, reasons the new licensee. In addition, it was always the company founder’s dream to one day produce EPAL pallets. ‘We believe in quality’, is the company’s motto, which EPAL approves wholeheartedly.
The first EPAL license in India was awarded in 1999 to produce Box pallets, followed in 2017 by licenses to produce EPAL Euro pallets and the EPAL 3 pallet.
LPR takes its digital transformation a step further with its new portal exclusively for retailers
The European pallet-pooling specialist, LPR-La Palette Rouge (a Division of Euro Pool Group), is pursuing its digital transformation and has launched a new application aimed at the company’s end-users: distributors. Among other features, this new web portal will enable simple, automatic management of our red-pallet collection.
LPR launched its digital transformation several years ago and the company is now making the benefits of this transformation available to distributors through a specific new, online portal: MyLPR retail. The portal is user-friendly and interactive, drawing on the latest web technologies. With this tool, distributors can access features that enable them to create and track their pallet collections, visualize schedules, and manage claims.
These new services are in line with LPR’s policy of providing end-customers with a transparent, efficient service, as Hervé Rose, the Director of European Assets, explains: “Our business is changing, and so are our customers’ needs. It is important that we listen to them and support them with high-added value solutions: optimizing the management of our pallet base is one example, and that is what makes us different. Thanks to MyLPR retail, our end customers do not waste time managing data. We have provided them with an efficient, innovative tool, which is easy to use. Asset management remains one of our key priorities.”
MyLPR retail has been well received and is already used by a large number of distributors, who have familiarised themselves with the new tool very quickly, as Jean Pierre Porta, the Packaging Manager of U Logistique, explains: “The portal is extremely easy to use and saves us a great deal of time. With ever-increasing volumes, this solution helps us to monitor collections, while still having personal contact with LPR.”
Lightning has raised $55 million from 50-plus investors
Composite pallet company Lightning Technologies was featured recently in Crain’s Detroit Business (Oakland County company aims to build a better pallet, with help from athlete investors):
Today, Owen is the millionaire owner of a new industrial pallet manufacturer in suburban Detroit that has designs on global expansion — and has attracted financial support from some of Detroit’s most famous sports names.
The company was covered in May 2018 by Forbes in this article: This Guy Reinvented The Shipping Pallet, Making It Safer, Stronger And Smarter, as well as in Manufacturing Today (Lightning Technologies reinvents the shipping pallet by making it a safer and more durable logistics platform equipped with RFID technology).
Smaller pallet easier to move from truck to sales floor
Display-ready shipments are popular with retailers trying to save time and money on stocking shelves, and the packaging inside the pallets often evolves to match the way products are presented to customers.
As part of this movement, pooled wooden pallet provider CHEP offers a half pallet that is easy to maneuver from tractor-trailer to retail floor loaded with ready-to-go products. The 40- x 24-inch pallets, edged in CHEP’s signature blue paint, cut labor costs and make the supply chain more efficient, says Jason Adlam, vice president, new business development, CHEP USA. Read more.
LPR launches its Retail Portal
LPR has launched its new retail portal, derived from the LPR customer portal myLPR. The retail portal includes features which will allow simpler management of pallet collection, along with planning tools and dashboards. The system will also allow retailers to monitor collection planning, make changes to collection dates.
The system brings more autonomy to our retail partners and was created with simplicity in mind.
Discover it on https://www.youtube.com/watch?v=–3MRc8n1Bo&feature=youtu.be
LPR-La Palette Rouge, a division of Euro Pool Group, is a pallet-pooling company for manufacturers and distributors in the fast-moving consumer goods sector. LPR provides a full pallet service solution to its customers in the manufacturing, distribution and logistics sectors and their retail partners. By using and sharing pallets as circular logistic carriers, we help our customers to reduce their environmental impact and make their supply chain more efficient. Every day, customers benefit from the advantages of our reusable pallets. In close collaboration with our stakeholders we contribute to the transition towards a circular economy by sharing the benefits of our reusable packaging solutions across the supply chain. http://www.lpr.eu
AirAsia X and Unilode extend ULD management partnership until 2023
AirAsia X, the long-haul affiliate of AirAsia, and Unilode Aviation Solutions, the leading global provider of outsourced Unit Load Device (ULD) management and repair solutions, have extended their ULD management agreement until 2023, for the second time in their ten-year partnership.
Mr. Pete Chareonwongsak, RedCargo Logistics CEO, said: “AirAsia X has been Unilode’s loyal customer since 2009 and throughout their partnership has relied on Unilode’s support, expertise and flexibility to supply containers and pallets that meet its exponential passenger and cargo growth and the network demands placed on its widebody fleet. Unilode’s commitment to invest in a mutually beneficial partnership has convinced AirAsia X that the renewed ULD management agreement will further drive efficiencies, load capacity and the digitalization of its cargo business powered by RedCargo. AirAsia wholly-owned subsidiary, Red Cargo Logistics, relies on partnerships like the one being announced today, as it aims to maximize revenue-generating belly space across all AirAsia and AirAsia X services.”
Mr. Benoît Dumont, Unilode CEO, said: “AirAsia X is one of the fastest growing long-haul, low-cost airlines in the world with more than 100 widebody aircraft on order, an increasing cargo business and a pipeline of new destinations to be added to its network. Unilode continuously enhances its ULD management service by taking its customers’ input, expectations, and business objectives into account and is committed to supporting AirAsia X’s ambitious growth plans with customer-focused and innovative ULD solutions. We are pleased to renew our agreement with AirAsia X for the second time during our partnership, which proves the long-term value that Unilode delivers to its airline customers.”