Carlisle Companies Announces Construction of New TPO Manufacturing Line
June 02 2021 - 5:01PM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) announced today that
construction has begun on Carlisle Construction Materials’ (CCM)
sixth TPO manufacturing line, which will produce the commercial
roofing industry’s first 16-foot-wide TPO membranes. Located in
Carlisle, PA, the new line will add to CCM’s industry-leading
production capacity with the widest TPO sheets on the market.
Consistent with Carlisle’s Vision 2025 strategy to invest in
high-returning businesses, the new TPO line will support organic
growth initiatives and also create jobs for the city of Carlisle
and surrounding communities. The new line will begin production in
early 2022.
The widest width TPO membrane in the market today is available
in a 12-foot sheet and was introduced by Carlisle in 2001. Wider
TPO membranes have been an ongoing customer request, particularly
with the steady increase in adhered and induction welded
assemblies. Contractors using CCM’s new 16-foot-wide TPO membranes
can expect significant labor savings and improved installation
quality, as there will be fewer rolls to handle, more than 25%
fewer seams to weld, and less packaging waste to dispose of at the
end of the project.
CCM created the first single-ply roofing membrane more than 50
years ago and in 1998 became the first manufacturer to build a
dedicated TPO roofing membrane line. Since then, TPO has become the
most widely used single-ply roofing membrane in the world and
remains the fastest-growing segment of the commercial roofing
industry. Carlisle’s other TPO innovations include TPO with APEEL™
Protective Film, and TPO with Self-Adhering Technology.
Chris Koch, Chairman, President and Chief Executive Officer,
said, “I am extremely pleased to announce this investment in CCM,
and in the city of Carlisle, demonstrating our continued commitment
to be a leading supplier of innovative products for
energy-efficient buildings and to deliver the premium Carlisle
Experience to our customers. Today’s announcement confirms
Carlisle’s position as a leading building products company.”
CCM President Nick Shears said, “The new 16-foot TPO line is
another important milestone in Carlisle’s century-long history of
innovation. CCM has always focused on bringing innovations to the
roofing industry because these products offer significant,
strategic, and practical advantages for our customers. The new TPO
line is reflective of CCM’s continuing investment in new products,
our customers, and in the commercial roofing industry.”
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/20210602006050/en/
Jim Giannakouros, CFA Vice President of Investor Relations
Carlisle Companies Incorporated (480) 781-5135
jgiannakouros@carlisle.com
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