Top Performing Companies To Own In Right Now

Top Performing Companies To Own In Right Now: Lakeland Industries Inc (LAKE)

Lakeland Industries, Inc. (Lakeland), incorporated on April 30, 1986, manufactures and sells a line of safety garments and accessories for the industrial protective clothing markets. Lakeland's product categories include limited use/disposable protective clothing, chemical protective suits, fire fighting and heat protective apparel, fire fighting and heat protective apparel, reusable woven garments, high visibility clothing and glove and sleeves. The Company's industrial customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries and high technology electronics manufacturers, as well as scientific and medical laboratories. In addition, Lakeland supplies federal, state and local governmental agencies and departments, such as fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers f or Disease Control.

Limited Use/Disposable Protective Clothing

Lakeland manufactures a line of limited use/disposable protective garments, including coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps and smocks. Limited use garments can also be coated or laminated to splash protection against harmful inorganic acids, bases and other hazardous liquid and dry chemicals. Limited use garments are made from several nonwoven fabrics, which are made of spunlaced polyester, polypropylene, laminates, micropourous films and derivatives. Lakeland incorporates many seaming, heat sealing and taping techniques depending on the level of protection needed in the end uses application.

The users of these garments include integrated oil/petrochemical refineries, chemical plants and related installati! ons, automotive manufacturers, pharmaceutical companies, construction companies, coal, gas and oil power generation utilit ies and telephone utility companies, laboratories, mortuarie! s and governmental entities. The Company warehouses and sells its limited use/disposable garments primarily at its Decatur, Alabama and China manufacturing facilities and secondarily from warehouses in Hull, United Kingdom; Sao Paulo, Brazil; Toronto, Canada; Buenos Aires, Argentina; Santiago, Chile; Moscow, Russia; Ust-Kamenogorsk, Kazakhstan; Las Vegas, Nevada, and Sinking Spring, Pennsylvania.

High-End Chemical Protective Suits

Lakeland manufactures and sells protective chemical suits and protective apparels from its CRFR, ChemMax 3, 4, Interceptor and other fabrics. These suits are worn by individuals on hazardous material teams and within general industry to provide protection from concentrated and lethal chemical and biological toxins, such as toxic wastes at super fund sites, toxic chemical spills or biological discharges, chemical or biological warfare weapons and chemicals and petro-chemicals present during the cleaning of refineries and nuclear facilities.

Lakeland has also introduced two garments approved by the National Fire Protection Agency (NFPA) for varying levels of protection, which include Interceptor, two multilayer films laminated on either side of durable nonwoven substrate, and ChemMax 4 is a multilayer barrier film laminated to a durable nonwoven substrate. Lakeland manufactures chemical protective clothing at its facilities in Decatur, Alabama, Mexico and China. Using fabrics, such as ChemMax 1, ChemMax 2, ChemMax 3, ChemMax 4 and Interceptor, Lakeland designs, cut, glue and /or sews the materials to meet customer purchase orders.

Fire Fighting and Heat Protective Apparel

The Company manufactures a line of products to protect individuals who work in heat environments. Lakeland's heat protective aluminized fire suit product li! nes inclu! de kiln entry suit, proximity suits and approach suits. Lakeland manufactures fire fighter protective apparel for domest ic and foreign fires departments. Lakeland developed the 32-! inch coat! high back bib style (Battalion) bunker gear.

Gloves and Sleeve Products

The Company manufactures and sell glove and sleeve protective products made from Kevlar, a cut and heats resistant fiber produced by DuPont; Spectra, a cut resistant fiber made by Honeywell and its engineered yarns. Lakeland manufactures these string knit gloves primarily at its Mexican facility.

Reusable Woven Garments

Lakeland manufactures and markets a line of reusable and washable woven garments. The Company's product lines include electrostatic dissipative apparel, clean room apparel, flame resistant Nomex/FR Cotton coveralls/pants/jackets and cotton and polycotton coveralls, lab coats, pants and shirts. Lakeland manufactures and sells woven cloth garments at its facilities in China, Mexico and Decatur, Alabama.

High Visibility Clothing

Lakeland Reflective manufactures and markets a line of reflective apparel. The li ne includes vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats and gloves. Lakeland's domestic vest production occurs at Sinking Spring, Pennsylvania. Much of the manufacturing at this facility is focused on custom vest requirements. In addition to ANSI Reflective items, Lakeland Hi-Visibility manufactures Nomex and FR cotton garments which have reflective trim as a part of their design criteria. These garments are used in rescue operations, such as those encountered with a vehicular crash.

The Company competes with DuPont, Kimberly Clark, Ansell Edmont and Honeywell.

Advisors' Opinion:

• [By Ben Levisohn]

  Lakeland Industries (LAKE) have soared 49% to $16.08 after the company said it would double production to handle a rapid increase in orders for its hazmat suits used to pro! tect agai! nst Ebola.

• [By Ben Rooney]

  Companies that make protective equipment for healthcare workers or provide services to governments have also seen gains. Lakeland Industries (LAKE) said in September that it was boosting production of the protective suits in response to growing demand. It's stock has surged 76% in the last four weeks.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-performing-companies-to-own-in-right-now-2.html