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Carlisle Companies Announces Plans to Expand Research and Innovation Center in Carlisle, Pennsylvania

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Carlisle Companies Incorporated (NYSE:CSL) plans to invest over $45 million to expand its Research & Innovation Center in Carlisle, Pennsylvania. The expansion aims to accelerate new product development, increase annual revenue, and align with Carlisle's Vision 2030 strategy. The center will add 50,000 sq ft of lab space, work areas, and equipment stations, doubling the current research space. The investment reflects a commitment to growth, innovation, and sustainability.

Carlisle Companies Incorporated (NYSE:CSL) prevede di investire oltre 45 milioni di dollari per ampliare il suo Centro di Ricerca e Innovazione a Carlisle, Pennsylvania. L'espansione mira ad accelerare lo sviluppo di nuovi prodotti, aumentare il fatturato annuale e allinearsi con la strategia Vision 2030 di Carlisle. Il centro espanderà aggiungendo 50.000 piedi quadrati di spazio per laboratori, aree di lavoro e postazioni per le attrezzature, raddoppiando lo spazio di ricerca attuale. L'investimento riflette un impegno verso la crescita, l'innovazione e la sostenibilità.
Carlisle Companies Incorporated (NYSE:CSL) planea invertir más de 45 millones de dólares para expandir su Centro de Investigación e Innovación en Carlisle, Pensilvania. La expansión tiene como objetivo acelerar el desarrollo de nuevos productos, aumentar los ingresos anuales y alinearse con la estrategia Visión 2030 de Carlisle. El centro añadirá 50,000 pies cuadrados de espacio para laboratorios, áreas de trabajo y estaciones de equipo, duplicando el espacio de investigación actual. La inversión refleja un compromiso con el crecimiento, la innovación y la sostenibilidad.
Carlisle Companies Incorporated (NYSE:CSL)는 펜실베이니아 주 칼라일에 위치한 연구 및 혁신 센터를 확장하기 위해 4천5백만 달러 이상을 투자할 계획입니다. 이 확장은 새로운 제품 개발을 가속화하고, 연간 수익을 증가시키며, 칼라일의 비전 2030 전략과 일치시키는 것을 목표로 합니다. 센터는 연구 공간을 두 배로 늘릴 50,000 제곱피트의 실험실 공간, 작업 영역 및 장비 스테이션을 추가할 예정입니다. 이 투자는 성장, 혁신 및 지속 가능성에 대한 헌신을 반영합니다.
Carlisle Companies Incorporated (NYSE:CSL) prévoit d'investir plus de 45 millions de dollars pour agrandir son Centre de Recherche et d'Innovation à Carlisle, en Pennsylvanie. L'expansion a pour but d'accélérer le développement de nouveaux produits, d'augmenter le chiffre d'affaires annuel et de s'aligner sur la stratégie Vision 2030 de Carlisle. Le centre ajoutera 50 000 pieds carrés d'espace de laboratoire, de zones de travail et de postes d'équipement, doublant ainsi l'espace de recherche actuel. L'investissement reflète un engagement envers la croissance, l'innovation et la durabilité.
Carlisle Companies Incorporated (NYSE:CSL) plant, über 45 Millionen Dollar in die Erweiterung seines Forschungs- und Innovationszentrums in Carlisle, Pennsylvania, zu investieren. Die Erweiterung zielt darauf ab, die Entwicklung neuer Produkte zu beschleunigen, den jährlichen Umsatz zu steigern und sich an die Vision 2030 Strategie von Carlisle anzupassen. Das Zentrum wird 50.000 Quadratfuß an Laborfläche, Arbeitsbereichen und Ausrüstungsstationen hinzufügen und damit den aktuellen Forschungsraum verdoppeln. Die Investition spiegelt das Engagement für Wachstum, Innovation und Nachhaltigkeit wider.
Positive
  • Investing over $45 million in expanding the Research & Innovation Center to accelerate new product development and increase revenue.

  • Doubling the current research space in Carlisle, PA, with the addition of 50,000 sq ft of lab space, work areas, and equipment stations.

  • Commitment to innovation, energy efficiency, labor savings, and sustainability aligning with Carlisle's Vision 2030 strategy.

Negative
  • None.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Carlisle Companies Incorporated (NYSE:CSL) today announced plans to invest more than $45 million to build the next phase of its state-of-the-art Research & Innovation Center in Carlisle, Pennsylvania. Consistent with Carlisle’s Vision 2030 strategy to achieve above-market growth and additional price for value, the expansion further positions Carlisle to leverage mega trends around energy efficiency, labor savings and the re-roofing cycle.

The Carlisle Research & Innovation Center expansion will add over 50,000 square feet of additional lab space, work area, and equipment stations to the existing facility in Carlisle and provides world-class office and collaboration space for planned increases in innovation staffing. The planned expansion will more than double the current square footage dedicated to research and innovation in Carlisle, PA, and will help accelerate new product development and commercialization focused on increasing annual new product revenue in line with Carlisle’s Vision 2030 objectives.

Chris Koch, Chair, President and Chief Executive Officer, said, “After announcing our Vision 2030 strategy in December of last year, and delivering on our commitment to become a pure play building products company, we continue to focus on unlocking additional above-market growth by increasing our R&D spend to augment returns across our full suite of products and services. The next phase of our innovation center expansion will allow us to accelerate the development of new programs, add new testing and analysis capabilities, and drive speed in our new product introduction process. Consistent with Vision 2030, we plan to continue innovating by leveraging energy-efficiency trends, bringing solutions to solve the contractor’s need for more labor-saving efficiencies, and driving more content per square foot with integrated system solutions.”

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.

Mehul Patel

Vice President, Investor Relations

Carlisle Companies Incorporated

(310) 592 - 9668

mpatel@carlisle.com

Source: Carlisle Companies Incorporated

FAQ

What are Carlisle Companies' expansion plans in Carlisle, Pennsylvania?

Carlisle Companies Incorporated plans to invest over $45 million in expanding its Research & Innovation Center in Carlisle, Pennsylvania to accelerate new product development and increase annual revenue.

How much additional space will be added to the Carlisle Research & Innovation Center?

The expansion will add over 50,000 square feet of additional lab space, work areas, and equipment stations, doubling the current square footage dedicated to research and innovation in Carlisle, PA.

What is the focus of Carlisle's Vision 2030 strategy?

Carlisle's Vision 2030 strategy aims to achieve above-market growth, additional value, and prioritize energy efficiency, labor savings, and sustainability in innovation.

Carlisle Companies Incorporated

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About CSL

carlisle companies incorporated is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, foodservice, healthcare and sanitary maintenance. through our group of decentralized operating companies led by entrepreneurial management teams we bring innovative product solutions to solve the challenges facing our customers. our worldwide team of employees, who generated $2.9 billion in net sales in 2013, are focused on continuously improving the value of the carlisle brand by developing the best products, ensuring the highest quality and providing unequaled customer service in the many industries we serve.