The year has been good despite the political scene, economy, and unem- ployment. It’s turned out a little above average compared to the last few years. You, our customers, with your hard work have paid off for all of us. Thank you for the orders, your friendship, understanding, harassment in good times and bad, and most of all your loyalty.
This year has seen some of our research and development programs come and go. After many hours and many dollars we have scrapped the digester, solar, and wind projects. We found them to be most unrealistic in return on investment to just plain gimmicks. The mechanical compactor and dumper systems however, made us a believer in R & D. As I’ve said before, SP was "green" before "green" was cool. Now we’re a little greener with the EM Series Compactors and the EM-EHD Dumper. These systems work almost the same as the hydraulic cylinder systems less the reservoir and hoses. The same sizes, forces, cycle times, penetration, warranties, & payloads with no worry of an oil spill are available.
The niche markets have stayed strong through the year. Maximizing food waste loads, scrap steel loads, and general waste loads have helped cut carbon footprints. This reduces fuel, emissions, labor, and wear and tear on the roadways. Our de-watering and de-oiling systems are getting more popular as they help customers recover cutting oils and lubricants. And our product destruction systems are destroying many different products from glass baby food jars to automotive transmissions or motorcycle frames. This eliminates the possibility of them showing up in the local flee market and saving our customers millions of dollars in lawsuits.
Our suppliers have increased their prices from 4% to 7% so it’s inevitable that we will be increasing also. It’s difficult to figure out completely due to the fluctuations in all the components from copper, steel, oil, and insurance. The increase will be around 5% and I’m hoping this will take us through next year.
Once again, SP wants to express gratitude for your loyalty and support. As always, we are here as more than just a high quality manufacturer, but also to support you through the entire sales process. Feel free to contact us at any time.