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Fiberon wins Beam of Excellence award for manufacturing performance

1. Fiberon's New London facility won the Beam of Excellence award in AI. 2. The award highlights Fiberon's commitment to machine health and proactive solutions. 3. Fiberon uses AI technology on 140 machines for improved efficiency. 4. Awards reflect advancements in safety, equipment lifespan, and team effectiveness. 5. Fiberon continues to lead in manufacturing composite decking products.

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Why Bullish?

The award signifies Fiberon's efficiency and innovation, suggesting higher future profits. Similar past awards have often led to increased stock prices due to market confidence.

How important is it?

The article emphasizes Fiberon's commitment to innovation and efficiency, likely leading to future revenue growth, positively impacting FBIN's stock performance.

Why Long Term?

Investments in AI and maintenance will yield sustained improvements over time, similar to other companies that benefited from tech enhancements long-term.

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MAUMEE, Ohio--(BUSINESS WIRE)--Fiberon Decking’s New London, North Carolina, facility recently earned the first-place Beam of Excellence award in Augury’s inaugural Spotlight Awards. The award recognizes the team as one that is setting the standard in maintenance and reliability excellence.“This award reflects Fiberon’s commitment to staying proactive with machine health and leveraging AI technology for better decision-making and results,” said Pat Knox, director manufacturing intel systems for Fiberon.Share “This award reflects Fiberon’s commitment to staying proactive with machine health and leveraging AI technology for better decision-making and results,” said Pat Knox, director manufacturing intel systems for Fiberon. “Our team is driving impact by integrating ecosystems that change the game.” A leader in machine health solutions, Augury uses artificial intelligence technology to continuously monitor manufacturing and industrial machines to detect potential faults early. Fiberon is using this technology on 140 machines. In an early pilot, Fiberon’s New London facility was identified as being in the top 5% of Augury customer sites based on high response rates, IoT (Internet of Things) serviceability, number of active users and quantified wins. It’s this human-side of the technology that is celebrated in the Spotlight Awards. “It’s not enough to provide an alert just in time. If there’s no one on the other side to take action to repair the machine, we won’t achieve anything,” said Saar Yoskovitz, co-founder and CEO of Augury. “The most impactful industrial AI use cases come to life on the factory floor, but they succeed only when site teams embrace the cultural transformation AI brings. This award celebrates Fiberon’s dedication to its organization and to setting a new standard for advanced manufacturing excellence.” In addition to machine health and cost savings success, Fiberon’s New London plant also saw tangible impacts in other critical areas like safety, equipment lifespan and team efficiency. “Above all, investing in these types of proactive solutions ensures that we are consistently delivering first-rate products to our customers,” said Kevin Fein, general manager for Fortune Brands Innovations Outdoors. “Our New London team has put in a lot of hard work to prove that the Fiberon name is backed by quality and reliability.” Since 1997, Fiberon has been manufacturing and selling high-quality composite decking and railing products designed to make outdoor living easy. Fiberon introduced the industry's first 25-year stain and fade warranty and continues to offer industry-leading warranties, including for lifetime performance. Learn more about Fiberon’s services and product offerings at fiberondecking.com. About Fiberon Fiberon is a leading U.S. manufacturer of wood-alternative decking, railing and cladding distributed worldwide. Fiberon products are available in a wide range of styles and price points, all designed to respect nature while outperforming it. Fiberon is part of Fortune Brands Innovations, Inc. (NYSE: FBIN). Learn more at www.fiberondecking.com. About Fortune Brands Innovations Fortune Brands Innovations, Inc. (NYSE: FBIN), headquartered in Deerfield, Ill., is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. The Company’s growing portfolio of brands includes Moen, House of Rohl, Aqualisa, Emtek, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, Yale residential and August. To learn more about FBIN, its brands and environmental, social and governance (ESG) commitments, visit www.FBIN.com.

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