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Stock impact report

IBP’s Advanced Fiber Technology Opens Second Production Line in Bucyrus

Installed Building Products, Inc. (IBP) 
Last installed building products, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Advanced Fiber Technology (AFT), an Installed Building Product’s (IBP) (NYSE: IBP) company, has opened the second line of its manufacturing plant in Bucyrus, Ohio. This expansion will increase the production of high-performance, reliable Carbon-Smart™ Loose-Fill Cellulose Insulation and support local economic growth.This $5.5 million project includes a $4.75 million investment in cutting-edge technology, robotics, and automation for the wastepaper conversion industry. It also enhances AFT’s ability to meet the growing demand for its products.AFT's Carbon-Smart™ Loose-Fill Cellulose Insulation is an environmentally responsible product made from over 85% recycled content, primarily recycled newsprint and cardboard."The new manufacturing line is backed by safe and efficient technology, enhancing our operations and advancing our mission to sustainably produce high-performance products for our commercial and residential customers,” said Adam Weiser, Gen Show less Read more
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