As our ag and geo membrane businesses continue to grow we expect to move to an even more diversified base. Deliveries of geo membrane films for environmental protection were particularly strong in F2Q, stemming from a reservoir project that we recently completed in Ohio. We anticipate that geo membrane films will be a rising part of our market mix for this division due to the critical need to protect water and environmental resources.Within Engineered Films we’re committed to further enhancing margins and profitability, and we’re accomplishing this by reducing scrap, improving operating efficiencies and implementing a strong pricing policy. While plant utilization rates continue to rise according to plan, we do have extrusion capacity to further grow this business which we intend to do through R&D investments in new growth opportunities as well as enhancements to our existing product line.
Raven Industries' CEO Discusses F2Q13 Results - Earnings Call Transcript
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