Raven Announces New, Industry-Leading 7-Layer Cast Extrusion Line
Raven Industries Announces New, Industry-Leading 7-Layer Cast Extrusion Line
SIOUX FALLS, S.D., April 7, 2016 — Raven Industries’ Engineered Films Division (NASDAQ:RAVN), an innovative manufacturer of polymer film and sheeting, announced the installation of a technologically advanced 7-layer cast extrusion lamination line, located in its state-of-the-art facility in Sioux Falls, S.D. Designed with leading-edge technology, the new line boasts advanced wide-width cast capabilities for both sheet extrusion and reinforced composite structures as wide as 150 inches, ranging from 4 mil to 80 mil in thickness. These added capabilities will further drive expansion for Raven’s wide-width reinforced geomembranes used in environmental protection for critical containment applications.
The new 7-layer cast lamination line is capable of processing advanced barrier structures designed specifically to prevent the migration of radon, methane, odors and hazardous volatile organic compounds (VOCs). Unique line features include the addition of two individual extrusion dies to process low and high viscosity resin types. The separate dies enable production of custom-engineered fabric composites, scrim-reinforced membranes and integrated release liners. Raven commissioned Macro Engineering & Technology Inc., a leading Canadian equipment manufacturer, to collaborate with its internal development and engineering teams in the custom design and construction of this sophisticated line. In addition to the expansion of wide-width geomembranes, Raven will utilize these unique capabilities to provide new-to-market custom materials for precise original equipment manufacturers (OEM) and end-use applications, entering niche market segments for the industrial and recreational market segments.
“This line provides an opportunity for Raven to partner with our customers in the development of some truly unique products with exceptional value propositions,” stated Anthony Schmidt, Vice President and General Manager for Raven Industries’ Engineered Films Division. “The advanced capabilities of this production line will accelerate our expansion into the industrial business segment by offering a broad range of highly refined composite materials — with several being new to the industry.”
Raven Engineered Films is fully committed to developing innovative materials by designing value-added and sustainable products to meet and exceed the latest industry standards.
About Raven Industries, Inc.
Since 1956, Raven Industries has designed and manufactured high quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven realizes its vision by developing innovative solutions to great challenges related to the markets we understand and serve. Today, those solutions are focused on feeding and connecting the growing world population, preserving natural resources, and answering the growing need for security. Utilizing our strength in engineering, manufacturing, and technological innovation, Raven is a leader in precision agriculture, high performance specialty films, and situational awareness markets. Visit www.ravenind.com for more information.
About Raven Engineered Films
Raven Industries’ Engineered Films Division has established a well-known reputation for manufacturing and supplying high performance flexible films and sheeting to major markets throughout the United States and abroad. Raven Engineered Films’ strategic mission is to produce critical film and sheeting for the containment and protection of Earth’s natural resources. Its state-of-the-art manufacturing facility and proven product expertise offers the most innovative and targeted product solutions in the industry. Find out more about Raven Engineered Films at www.ravenefd.com, or visit them on Twitter or Facebook.
Raven Engineered Films Brands
Raven Engineered Films markets products under the following brand names: Absolute Barrier®, Conkure™, Dura♦Skrim®, FeedFresh®, FeedPro-G™, FlexForm™, Fortress™, GrainMax™, HydraFlex™, HydraFlex™Pro, HydraFlex™Ultra, Protector™, RainFlap™, Rufco®, SealFresh™, SoilSeal™, VaporBlock®, VaporBlock® Plus™, VaporBlock® G™, VaporSafe®, VaporSafe® RM, VaporSafe® RMXL, Yokelift™, WebNet™, and Ziliant™.
About Macro Engineering
Since 1978, Macro Engineering has been providing innovative solutions to customers worldwide in film and sheet extrusion. Macro’s purpose is to continually push the envelope of extrusion capabilities. We design our equipment to suit our customers’ needs so that our customers do not need to design their structures to suit the equipment. When our customers succeed, so do we. Visit www.macroeng.com for more information.
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the expectations, beliefs, intentions or strategies regarding the future. Without limiting the foregoing, the words “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” and similar expressions are intended to identify forward-looking statements. The company intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Although management believes that the expectations reflected in forward-looking statements are based on reasonable assumptions, there is no assurance these assumptions are correct or that these expectations will be achieved. Assumptions involve important risks and uncertainties that could significantly affect results in the future. These risks and uncertainties include, but are not limited to, those relating to the integration of businesses, changes in competition, raw material availability, technology or relationships with the company’s largest customers—any of which could adversely affect any of the company’s product lines—as well as other risks described in Raven’s 10-K under Item 1A. This list is not exhaustive, and the company does not have an obligation to revise any forward-looking statements to reflect events or circumstances after the date these statements are released.