The investment expands their industry leading extrusion technology and will bring new capabilities and capacity to their customers.
Designed and developed in conjunction with extrusion technology specialist, Davis Standard, the new extrusion line is the largest investment in the business in quite some time. The project was officially completed in December and its first products have already been delivered to customers.
The decision to make this investment was two-fold, according to Oracle CEO, Jim Squatrito, "As a part of our strategic planning process, we recognized the need for an investment that would meet the increasing demands of our customers in terms of sealant performance and improve overall economics. The marketplace is becoming more and more challenging and technology investments are required to meet the expectations of our customers."