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The demand from RV builders for fiberglass reinforced panels was strong during the first quarter and is expected to stay that way during the balance of this year, according to the Crane Co., parent of Kemlite, which supplies Filon-brand fiberglass reinforced panels.
Crane also owns Lampro of the United Kingdom, which supplies fiberglass reinforced panels to European caravan builders.
During the first quarter, sales at Crane’s Engineered Materials division, which includes Kemlite, had a 10% increase in sales revenue to $69 million and its operating profit climbed 20% when compared with the first three months of 2003, to $15.5 million.
“Management now expects operating profit for this (engineered materials) segment to be moderately higher in 2004, compared with 2003,” Crane reports. “The upward revision reflects additional strength in the RV market, which is expected to offset higher raw material costs.”
Kemlite produces Filon and its other fiberglass-reinforced-panel products in Jonesboro, Ark. They are used primarily for exterior sidewalls and roofs.
Filon comes with either gel-coated or embossed surfaces.