From 2002 to 2006, Progressive Foam experienced a period of exponential growth and expansion of operations. Our flagship product, insulated vinyl siding, was becoming accepted in the marketplace as a superior siding product that not only insulated the home, but also improved the performance of traditional vinyl siding.
As insulated vinyl siding began to rapidly gain market share, we quickly expanded our manufacturing facilities to keep up with demand.
We added a 30,000 square foot facility in Dover, Ohio to our current operation in Beach City, Ohio, and immediately began running two shifts at that facility.
We installed the largest shape mold machine of its kind in North America at our Beach City facility, which required a $1.4 million investment in equipment.
Once again we expanded our square footage by adding a 40,000 square foot addition to our Beach City facility. In the same year, we purchased new, bigger equipment to mold EPS blocks.
In order to better service our vinyl siding customers that had manufacturing operations in the southern region, we opened a 95,000 square foot operation in Conway, Arkansas. This location had duplicate capabilities of our home plant in Beach City, Ohio.
Installed our second shape mold machine, identical to the first from 2003, now duplicating our previous capacity.
The improvements that were made between 2002 and 2006 allowed Progressive Foam to maintain a dominant position in the market as a supplier of premium siding insulation products and insulated vinyl siding.