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Seaman celebrates completion of $50 million capital investment

News | August 22, 2014 | By:

Geomembrane systems among company’s noted product lines.

Wooster, Ohio-based Seaman Corp. celebrated with local and state government and business leaders at dedication ceremonies marking the completion of a 10-year, $50 million capital improvement program, capped with a $15 million investment during the past three years.

A company press release said that the Aug.18 event at Seaman headquarters in Wooster followed completion of the company’s most recent capital expenditure segment-a reconstruction of its corporate offices, a state-of-the-art top finish print line to enhance and expand production capabilities, and implementation of a new Oracle business intelligence platform.

The release noted that Seaman has been an innovator in the development of high-performance industrial fabrics for more than 65 years. Sold globally in many markets, the company’s products include: XR geomembrane systems, Shelter-Rite architectural and truck tarp fabrics, and specialized fabrics designed for military structures, fuel tanks, dock seals, marine applications, and roofing membrane systems.

“These enhancements will allow us to leverage our capabilities and focus on our greater commitment to innovation and technology,” said Richard Seaman, chairman and CEO. He added that in the past 10 years, the company’s business has doubled, largely as a result of expanded capabilities through capital investments designed to take advantage of emerging opportunities, according to the release.

“While a financial incentive package is important in any business expansion decision, it is far more important to know that the state and local community appreciate the importance of a viable economic environment that is so vital to business success,” Seaman said.

The press release said that the expansion project is expected to increase the current staffing to 150 employees. The 12 additions related to this project will be mostly in the company’s Innovation & Technology section and in sales.

Source: Seaman Corp.

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