Member Spotlight: January

Filmtex S.A.S. was established in 1976 as a company dedicated to the production of PVC film through the calendering process. Headquartered in Bogota, Colombia, Filmtex specializes in the manufacturing of decorative coatings, packaging films and pharmaceutical packaging and provides these products and services to more than twenty countries worldwide. Filmtex also produces calendered PVC geomembranes, widely used in waterproofing and containment applications. For more information, please contact John Jairo Beltran at jbeltran@filmtex.com, Juan Manuel Cortes at jcortes@filmtex.com, or visit www.filmtex.com.

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Raven Industries Acquires Integra Plastics, Inc.

Sioux Falls, SD (November 3, 2014)  Raven Industries, Inc. (NASDAQ: RAVN) announced today that its Engineered Films Division(EFD) has acquired Integra Plastics, Inc., for approximately $48 million in cash and stock. Headquartered in Madison, SD, privately held Integra specializes in the manufacture and conversion of high-quality plastic film and sheeting. With 12-month sales of more than $35 million, Integra is in the process of increasing capacity through facility expansion at several locations. This acquisition will immediately expand Raven’s engineered film production capacity, broaden its product offerings, and enhance current converting capabilities.

For complete press release, please visit http://ravenefd.com/news-and-events/important-raven-update

 

 

Illinois Approves “Fracking” Rules

Hydraulic fracturing, or “fracking,” uses a high pressure mixture of water, chemicals and sand to crack open rock formations thousands of feet underground in order to harness trapped oil and gas. On November 6, 2014, Illinois lawmakers signed off on rules regulating high volume oil and gas drilling, allowing companies to obtain fracking permits. According to Marc Miller, Director for The Illinois Department of Natural Resources, the new rules state that waste water cannot be stored in open pits for more than a week at a time and all fracking permits must not be held further than 30 miles from where a well site would be located. Oil and gas drilling companies hope to create an energy boom in the southern part of Illinois with the new regulations.

CLI and CDI/Watersaver Form Factory Fabrication Agreement

Colorado Lining International (CLI) and CDI/Watersaver, both members of the Fabricated Geomembrane Institute (FGI), have announced a factory fabrication agreement.  CLI has purchased CDI/Watersaver’s factory fabrication equipment for their Parker, Colorado facility.  “This agreement allows CDI/Watersaver to concentrate on their core business in oil, gas and land management services,” stated Chris Castellano, Vice President, CDI/Watersaver.  John Heap, President, Colorado Lining International, states that, “Colorado Lining International will utilize the new equipment to serve the needs of our fabricated products customers worldwide.”

For the complete article, please visit http://www.geosynthetica.net/cli-cdiwatersaver-fabrication-agreement/