AEP Industries Inc
(NASDAQ: AEPI)
70.50
+1.05
+1.51%
+1.05
+1.51%
MORE ON AEPI
COMPANY INFORMATION
| Exchange: | NASDAQ national market |
| Stock: | AEP Industries Inc |
| Industry: | Rubber & Plastics |
| Employees: | 2,600 |
DESCRIPTION
| AEP Industries Inc was founded in 1970 and incorporated in Delaware in 1985. The Company is a manufacturer of plastic packaging films in North America. It manufactures and markets an extensive and diverse line of polyethylene, polyvinyl chloride and polypropylene flexible packaging products, with consumer, industrial and agricultural applications. The Company’s plastic packaging films are used in the packaging, transportation, beverage, food, automotive, pharmaceutical, chemical, electronics, construction, agriculture and textile industries. It manufactures plastic films, mainly from resins blended with other raw materials, which it either sell or further process by printing, laminating, slitting or converting. The Company’s processing technologies enable it to create a variety of value-added products according to the specifications of its customers. The Company’s manufacturing operations are located in the United States and Canada. It manufactures both industrial grade products, which are manufactured to general industry specifications, and specialty products, which are manufactured under more exacting standards to assure certain required chemical and physical properties. Specialty products generally sell at higher margins than industrial grade products. It manufactures a broad range of custom films, generally for industrial applications, including sheeting, tubing and bags. The Company manufactures an extensive line of stretch film products for both hand wrap and rotary applications, using both monolayer and co-extruded constructions used to wrap pallets of industrial and commercial goods for shipping or storage. The Company manufacture specifically formulated in-store and pre-store films with its Resinite® line of polyvinyl chloride food wrap for the supermarket and industrial markets. It offers a range of products with approximately 50 different formulations. Its Griffin, Georgia facility also produces dispenser (ZipSafe® cutter) boxes containing polyvinyl chloride food wrap for sale to consumers and institutions, including restaurants, schools, hospitals and penitentiaries. The Company’s PROformance® films are used for food, pharmaceutical and medical applications and are available in up to five layers for applications requiring strength, clarity, sealability, barrier properties against oxygen or moisture transmission, and breathability for preserving freshness. The Company manufactures six, eight and ten color printing, solventless lamination, sheeting, and wicketed bags. It’s printed and converted films provide printed rollstock to the food and beverage industries and other manufacturing and distributing companies. It also converts printed rollstock to bags and pouches for use by bakeries, fresh or frozen food processors, manufacturers or other dry goods processors. The business of supplying plastic packaging products is extremely competitive, and the Company faces competition from a substantial number of companies which sell similar and substitute packaging products. The Company’s operations are subject to various federal, state, local and foreign environmental laws and regulations. |
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