Owner of Universal and Mayfield Plastics Discusses Importance of Financing in Managing Company Growth
Holyoke, MA. – Jay Kumar, owner of thermoforming companies Mayfield Plastics and Universal Plastics, was recently a featured speaker at The Plastics Financial Summit organized by Plastics News in Chicago in June. The Plastics Financial Summit is one of the industry’s signature events on financial management and turning a profit in a competitive industry. This conference brings together business owners and executives, the investment community, and experts focused on helping businesses succeed amid a myriad of issues facing small and mid-sized plastic processors.
“Financing is an important driver to managing our company efficiently, resulting in superior performance for our customers,” Kumar said. Kumar was a featured panelist on the Processors Panel discussing Company Growth and the Use of Financing from an Operator’s Perspective. “Our group focused on how to use funding to grow your business. I discussed our strategy of investing in businesses with a substantial asset base on which we can borrow as well as taking advantage of the current low rate environment to secure funds for future use,” Kumar said.
This is the plastics industry’s only conference exploring the financial side of operating a business and covered topics including the best corporate entity for your business, how to add value to products to improve profit margins and advice on preparing your company for sale and maximizing the value of your business.