Sioux Falls, SD (September 30, 2015) — Raven Industries’ Engineered Films Division (NASDAQ:RAVN), an innovative manufacturer of specialty plastic film and sheeting, announced the addition of wide-width fabrication capacities in its Madison, S.D. facility. These new capabilities generate additional capacity—specifically wide-width layflat materials—immediately decreasing the fabricated-product lead times of geomembrane liners, custom grain covers and other converted products.
Raven EFD’s new 150-inch-wide layflat winding capability meets industry demands for prefabricated geomembranes in accordion and c-folded panels and provides:
- Large single roll fabrication up to impressive 8,000-pound rolls
- Example: 40-mil geomembrane (size 50-feet by 800-feet) containing one factory seam, folded and rolled on a 12.5-foot-long core (multiple 25-foot-wide c-folded increments available)
- Example: Reinforced geomembranes up to 45-mil (size 24-foot wide by 1,650-foot) containing one factory seam, folded and rolled on a 12-foot-long core (multiple 12-foot-wide increments available)
“We are excited to open this new phase of capacity with the major advantages that 150-inch wide-width conversion can provide for our customers,” stated Anthony Schmidt, Vice President and General Manager for Raven Industries’ Engineered Films Division. “Raven continuously looks to add value in all aspects of the customer experience through operational excellence, from the first impression to the final product performance.”
Large custom panels save considerable time and money onsite by significantly decreasing the number of install days. In many cases, you can deploy a fabricated panel as a one-piece containment solution. Online, we provide product case studies of actual applications, including this case study, which depicts a rapid deployment for hydrocarbon containment.
Raven Industries is fully committed to developing innovative materials by engineering value-added and sustainable products to meet and exceed the latest industry standards.
About Engineered Films Division
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. Engineered Films’ strategic mission is to produce critical film and sheeting for the containment and protection of Earth’s natural resources. Their state-of-the-art manufacturing facility and proven product expertise allows them to offer 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 Division Brands: Marketing products under the Absolute Barrier®, Conkure™, Dura♦Skrim®, FeedFresh®, FeedPro-G™, Fortress™, GrainMax™, HydraFlex™, HydraFlex™ Pro, HydraFlex™ Ultra, Protector™, RainFlap™, Rufco®, SoilSeal™, VaporBlock®, VaporBlock® Plus™, VaporBlock® G™, VaporSafe®, VaporSafe® RM, VaporSafe® RMXL, Yokelift™, WebNet™ brands.
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’s purpose is to solve great challenges in areas of study, feeding the world, energy independence and protecting natural resources. To realize this purpose, we utilize our strengths in engineering, manufacturing and technological innovation to serve the precision agriculture, high performance specialty films, aerospace and situational awareness markets. Visit www.RavenInd.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.
Cheryl Butler, Marketing Manager
Engineered Films Division