UPDATED: Oracle Packaging, which makes flexible packaging laminates, has invested in a Davis-Standard extrusion coating line at its headquarters plant in Winston-Salem, N.C,
The extrusion coating line was customized and “specifically designed for our business,” said Chris Payne, Oracle's vice president of sales and marketing. That includes features such as the coextrusion system and winding equipment, he said.
The project was completed in December, according to a company news release.
Oracle needed extrusion coating equipment specific to its products: Flexible packaging laminates that combine specialized aluminum foil, steel, film, paper, resin, adhesive and printing capabilities. Applications include custom lid stock, pouch stock, cable armoring and building products that require specific barrier and sealant performance.
Oracle CEO Jim Squatrito said there were two main reasons to make the equipment investment. “As a part of our strategic planning process, we recognized the need for an investment that would meet the increasing demands of our customers in terms of sealant performance and improve overall economics. The marketplace is becoming more and more challenging and technology investments are required to meet the expectations of our customers.”
Oracle Packaging is owned by New York investment firm Centre Lane Partners LLC.
The cable-armoring part of Oracle's business shows the diversity of the company, Payne said. Oracle makes thermal laminations, which are heat-applied inline after the production of wire and cable, as a protective covering.
“We make the amoring that goes around the cables themselves,” Payne said.
Oracle also makes shielding tapes.
The protective laminations go onto copper, aluminum, steel and some fiber optic cabling.