Five years ago this week in Plastics News:
Plastics companies had plenty of complaints about President Clinton's deficit-reduction package. Processors griped about changes that punished Subchapter S corporations with a higher tax rate, an increase in the corporate tax rate and a small increase in the investment tax credit on equipment purchases.
Stevens Manufacturing Co., a Hermann, Mo., assembler of plastic toys, lost more than $1.5 million when the rising Missouri River broke through a flood wall.
Blow molders wondered how Procter & Gamble Co. would implement a plan to take responsibility for buying resin for its bottles.