Abstract: In an apparatus and process for manufacturing a thermoplastic sheet or film having superior optical characteristics such as improved transparency, gloss and surface smoothness, a thermoplastic sheet is extruded, passed between a cast drum and an endless metallic belt while being compressed and subjected to a primary cooling by the belt and drum. The sheet or film is secondarily cooled in a water bath, after which it is dewatered and subjected to a thermal treatment at a temperature in the range of 40.degree. C. below, to 15.degree. C. above the thermal deformation temperature of the resin sheet to produce the improved sheet of the invention. In addition to producing a film or sheet with improved characteristics, the apparatus of the invention allows production of sheets or films at a rate up to about 10 m/min.