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He did, forming Ralph Wilson Plastics Company (RWP), later Wilsonart International, in 1956. At the time there were 16 competitors in the decorative laminate industry, including Formica, which held 65% of the market. RWP became a publicly held corporation in 1964 with an initial offering of 290,000 shares at $15. [1]
The material composition consists of a single thin sheet of laminate (typically .030" - .040" in thickness) that gets bonded to a 45# density particle board substrate (or other similar base material such as MDF - medium density fiberboard, or plywood), with a PVA adhesive (poly vinyl acetate - a water-based adhesive).
Decorative laminate Roll and sheet of decorative laminate. Decorative laminates are laminated products primarily used as furniture surface materials or wall paneling.It can be manufactured as either high- or low-pressure laminate, with the two processes not much different from each other except for the pressure applied in the pressing process.
Formica Laminate is a laminated composite material invented at the Westinghouse Electric Corporation in the United States in 1912. Originally used to replace mica in electrical applications, it has since been manufactured for multiple applications. It has been produced by Formica Group manufacturing sites across the globe since.
NAHB Chief Economist Robert Dietz also said that despite the improved sentiment, the industry still faces headwinds from labor shortages, a limited supply of building lots and elevated materials ...
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