Carlisle Companies Announces Plans for New Polyiso Insulation Manufacturing Facility in Sikeston, Missouri
April 20 2021 - 3:00PM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) announced today plans
to invest more than $60 million to build an innovative,
state-of-the-art manufacturing facility in Sikeston, Missouri.
Consistent with Carlisle’s Vision 2025 strategy to invest in
high-returning businesses, the plant will support organic growth
initiatives and also create jobs for the city of Sikeston and
surrounding communities. This 445,000 square foot facility will be
the 50th for Carlisle’s Construction Materials segment, CCM, a
diversified manufacturer and supplier of premium, energy-efficient
building products and related technologies for the commercial and
residential construction markets.
CCM’s new facility will be constructed in accordance with the
latest advances in LEED building and ESG principles. Additionally,
this central location will both reduce the carbon footprint of
CCM’s supply chain and improve material lead times for customers in
this region where the use of insulation in the building envelope is
steadily increasing. At this new facility, CCM will manufacture
energy-efficient polyiso insulation, which not only lowers energy
costs for building owners and operators, but also helps reduce a
building’s GHG emissions.
Construction is planned to commence in the summer of 2021, with
the first phase of the facility expected to be operational by the
first quarter of 2023.
Chris Koch, Chairman, President and Chief Executive Officer,
said, “I am extremely pleased to announce this investment in CCM
and in the state of Missouri, which demonstrates our continued
commitment to be a leading supplier of innovative products for
energy-efficient buildings, utilizing ESG principles in our
processes and products, and delivering the premium Carlisle
Experience to our customers.
“In addition, CCM's sustainable cash generating abilities
provide Carlisle with the financial and strategic flexibility that
supports our conviction in achieving Vision 2025. This new facility
is not only an opportunity to bring more jobs to the area, but it
allows CCM to better meet the needs of our customers in this
important and growing region. Today’s announcement confirms that we
are at the leading edge of innovation and manufacturing excellence,
helping CCM shape the future of the industry.”
Nick Shears, President of CCM, said, “The new polyiso facility
adds to our industry-leading capabilities and represents the
company’s ongoing commitment to delivering a world-class customer
experience. It is strategically located to better serve the central
U.S. and will result in improved service for CCM customers in the
region. The production of energy-saving insulation and reduction of
shipping lanes are both important to Carlisle’s ESG leadership
position.”
About Carlisle Companies
Incorporated
Carlisle Companies Incorporated is a diversified industrial
company with a global portfolio of niche brands that delivers
energy efficient and highly engineered products and solutions for
its customers. Driven by our strategic plan, Vision 2025, Carlisle
is committed to generating superior shareholder returns by
investing in high-ROIC businesses and maintaining a balanced
capital deployment approach, including investments in our
businesses, strategic acquisitions, share repurchases and continued
dividend increases. Carlisle is headquartered in Scottsdale,
Arizona. Its worldwide team of employees generated $4.2 billion in
revenues in 2020.
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version on businesswire.com: https://www.businesswire.com/news/home/20210420006013/en/
Jim Giannakouros, CFA Vice President of Investor Relations
Carlisle Companies Incorporated (480) 781-5135
jgiannakouros@carlisle.com
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