In 2018, APV Engineered Coatings celebrated being in business for 140 years. The company also had its highest sales revenue in history. The company experienced the largest year-over-year sales growth in three primary industry segments: aerospace; flexible vinyl, films and textile; and tire and rubber manufacturing.
APV credits the success, in part, to responding to customers in need of niche applications. The niche applications included a binder solution for lithium ion battery electrodes, maskant slurries, and products for high-temperature diffusion coating of turbine blades, anti-graffiti coatings for rolled vinyl, and high-performance PVDF-based topcoats for composite building products. Seven new high-speed dispersers helped support the approximate 1.7 million gallons of finished product APV produced in 2018.
Plans call for the company to build an additional 19,000-square-foot warehouse in 2019, which will free about 6,000 square feet of existing warehouse for manufacturing. This is in addition to the 33,000-square-foot warehouse building finalized in July 2018.
The company is also involved in a partnership with Greater Akron Chamber of Commerce, FirstEnergy and Pleasant Valley Corp. to redevelop 20.5 acres of land owned by Akron and APV into an industrial site called Firestone Business Park.
APV products garnered awards in 2018 as well. NeverFade Exterior Restoration Coatings won a Product Innovation Award and a Special Citation for Sustainability from Architectural Products magazine. VYNGUARD Polycarbonate Anti-Microbial Coatings received a Top Product designation in the Specialty Function Coatings category as part of the inaugural PaintSquare Prestige Award.